How Do You Play Poker with Bitcoin?

How to Play Bitcoin Poker
How To Play Bitcoin Poker?

IBitcoin, or BTC, is a digital currency that has overtaken the online gambling industry and the world. Let’s find out how to play Bitcoin poker.

This new currency has been gaining a lot of momentum since 2009 (its launch), and these days, you would come across a top online poker site that does not offer Bitcoin as a payment option.

Poker sites and casinos are subject to risks due to non-traceability and technology changes. While age limits apply to players, there are no strict laws against using Bitcoin or any other digital currencies for online gambling.

However, ensuring that a reputable organization licenses the site before placing bets is essential. In some countries, particularly in Asia, cryptocurrencies are becoming more widely accepted, and governments are deciding how to regulate them.

Since Bitcoin is a decentralized currency, it cannot be regulated by any monetary authority or bank, and each government must make its own decision.

If a Bitcoin betting site operates like a traditional casino, it will be subject to the same laws. While there are no federal laws prohibiting online gambling, some state laws do forbid it.

See also: Where to Buy Bitcoins in New Zealand to Play Pokies?

Where to Play Bitcoin Poker?

Where to Play?
Where to Play Play Poker With Bitcoin?

The list of places that accept Bitcoin grows daily, with more and more businesses becoming open to this new and improved way of purchasing goods and services over the Internet.

Bitcoin has revolutionized the way we do things on the Internet, including playing poker. At online poker sites, you can also trade Bitcoin, including chips, with other players.

Here are some of the top poker sites in the world.

Recommended Bitcoin Poker Sites

  • Ignition Poker
  • SwC Poker
  • CloudBet
  • Betchain
  • 7Bit Casino
  • Katsubet Casino
  • Mirax Casino

Tips to Play Poker with Bitcoin in New Zealand

If you know what you’re doing, playing Bitcoin poker in New Zealand may be thrilling and profitable. Here are some tips to get you going:

  1. Choose a reliable site that accepts players from New Zealand and has a good reputation.
  2. Learn the rules and strategies of poker games, including Bitcoin-specific games like Bitcoin Texas Hold’em.
  3. Manage your bankroll carefully and only gamble with money you can afford to lose.
  4. Take advantage of bonuses and promotions offered.
  5. Use a secure and reliable Bitcoin wallet to make deposits and withdrawals.
  6. Stay up-to-date on the latest Bitcoin poker news and trends.
  7. Practice responsible gambling and never chase losses or gamble while under the influence of drugs or alcohol.

Pay attention to these suggestions to improve your odds of winning when playing Bitcoin poker in New Zealand. Remember to have fun and play responsibly!

How To Get Started?

How To Get Started At Bitcoin Poker?

Getting started with any Bitcoin poker website is not an easy task, but it is also not that hard. You must follow some easy steps to settle everything while choosing the best online poker Bitcoin site in New Zealand. Some of the essential and considerable steps to have the best online poker experience are mentioned below.

1. Create A Bitcoin Wallet

You cannot directly add bitcoins using an exchange, so you will need to create a Bitcoin Wallet that can be accessible for depositing or withdrawing your amount site.

This wallet can store your bitcoins or cryptocurrencies that you wish to use while playing live poker games. There are many choices for getting a Bitcoin wallet, both online and offline.

2. Buy Bitcoin

Once you have a wallet, you must purchase some Bitcoin at an exchange or gambling site. A peer-to-peer market or another source of cryptocurrency.

Online trading platforms known as cryptocurrency exchanges let you purchase and sell Bitcoin and other cryptocurrencies for fiat money (USD, EUR, or GBP).

The well-known platforms Swyftx, Coinbase, Binance, and Kraken are just a few.

3. Choose a Poker Site That Accepts Bitcoin

Choosing a top Bitcoin site that can be accessed via a mobile app can be tricky.

There are multiple real money online poker bitcoin websites from which to choose. Regarding game selection, bonuses, and reputation, you should research and pick a website that matches your tastes.

Create An Account

Create an account on the website of your choice, then send money using your Bitcoin wallet.

For Bitcoin deposits, follow the website’s directions. When creating the account, you will need to add some personal and financial information about yourself.

Play Poker

Once your payment has been approved, you can start playing poker on the website. Plenty of games are available, including Texas Hold’em, Omaha, Stud, and others.

Most websites also provide various game formats, including sit-and-go and multi-table tournaments. Play the game of your choice now!

Withdraw Your Winnings

You can withdraw your Bitcoin revenue from the poker website and put it back in your wallet. To receive money in Bitcoin, you must enter your Bitcoin wallet address on the website.

Depending on the site’s terms and the quantity of Bitcoin you are withdrawing, the withdrawal procedure typically takes a few hours to finish.

Bitcoin Poker Deposits and Withdrawals

Bitcoin Poker Deposits and Withdrawals
Bitcoin Poker Deposits and Withdrawals

You will need a Bitcoin wallet to deposit and withdraw at poker sites via Bitcoin, similar to eWallets like PayPal. The difference between a Bitcoin wallet and an eWallet is that the latter is connected to a bank account.

Also, Bitcoin wallets are usually more secure, as there has never been an incident of frozen accounts or unexpected chargebacks, which is familiar with traditional banks. This wallet must exist on your hard drive with its address, although you won’t have to provide any other personal or financial information, guaranteeing anonymity.

Once you have created a wallet and purchased your Bitcoins, you must find a suitable Bitcoin poker site for your needs. After registration, you will then need to visit the website’s cashier/banking page and choose Bitcoin as a payment option.

Playing Real Money Online Poker with Bitcoin

Playing online poker with Bitcoin is quite similar to traditional online poker, but you’ll be using Bitcoin for your bets and winnings. Once you deposit Bitcoin into your account, you’ll have access to poker tables, including both cash games and tournaments.

TIP: It’s important to remember that Bitcoin’s value can fluctuate significantly. This means the value of your poker bankroll could change quickly.

Keep your Bitcoin poker funds separate from your other finances.

Benefits of Playing Bitcoin Poker

Benefit to Playing Bitcoin Poker
Benefits of Playing Bitcoin Poker

While Bitcoin continues to grow in popularity and value, more and more online poker sites accept this currency as a legitimate deposit and withdrawal method. That being said, there are many advantages to using Bitcoin at your favourite online poker site.

1. Instant Transactions

Instant Transactions
Instant Transactions

Transactions take place instantly, so you won’t have to wait around for your funds to become available. As Bitcoin uses a peer-to-peer system to exchange with other people, you can send funds directly to any recipient without needing the assistance of a bank.

2. No personal information to Disclose

No personal information to Disclose
No personal information to Disclose

Because the currency is decentralized, you do not have to provide personal information except your email address and Bitcoin address, making it an excellent option for those wary about sharing your sensitive data online.

3. Cheap Operational Cost

Cheap Operational Cost
Cheap Operational Cost

Bitcoin’s operational costs are cheaper, meaning many poker rooms have a lower rake charge. This allows players to keep a significant portion of all wins when playing Bitcoin poker.

Using Bitcoin is not only the safest, most secure option, but it also allows you to save and win more money, making Bitcoin poker one of the most lucrative games available on the Internet.

Differences between Bitcoin Poker and Traditional Poker

AspectBitcoin PokerTraditional Poker
Payment methodsOnly accepts BitcoinAccepts various payment methods
AnonymityOffers greater anonymityPlayers must reveal their identity
Transaction feesLower transaction feesHigher transaction fees
Game selectionLimited game selectionA wide variety of games is available
Game fairnessRelies on provably fair technologyRelies on trust in the casino
AccessibilityGlobal accessLimited to physical locations
Game speedFaster game paceSlower game pace
Bonuses and promotionsFewer bonuses and promotionsMore bonuses and promotions
Differences between Bitcoin Poker and Traditional Poker: A Comparative Analysis

The Future of Bitcoin Poker

Predicting the future of Bitcoin poker is tricky because there are too many factors. Yet, with Bitcoin and other cryptocurrencies gaining traction in mainstream finance and their popularity soaring, Bitcoin poker’s future seems promising.

The appeal of Poker using crypto could grow due to its benefits, like security, anonymity, and quicker transactions compared to traditional banking methods.

The rise of decentralized poker platforms that utilize blockchain technology offers exciting opportunities for both operators and players. Nonetheless, Bitcoin’s volatile value and the ambiguity of regulations in some regions could present hurdles.

Which Bitcoin wallet can be used for online poker?

There are many of the best and most accessible wallets for Bitcoin trading options, which can be accessed at poker Bitcoin sites. Some of them are Swyftx, Coinbase, Blockchain, and many more.

How do I deposit Bitcoin to an online poker site in New Zealand?

To deposit bitcoins in your account, you need to follow some basic steps. The most crucial concern is that you must have a Bitcoin wallet.

How do you use Bitcoin to play online poker?

By choosing a Bitcoin-friendly poker website, you can deposit your account into your gaming wallet, select Bitcoin as your payment method, and efficiently use Bitcoin to play online poker games.

Can I withdraw my winnings in Bitcoin or poker?

At most Bitcoin poker sites in New Zealand, players can withdraw their earnings in Bitcoin or another supported digital currency.

Are Bitcoin poker casinos legal in NZ?

Yes, Bitcoin poker sites are legal in NZ as long as they are licensed and regulated under the Gambling Act 2003, ensuring that the casino follows fair gameplay.

Mamta Sharma

Mamta is a spirited writer hailing from Wellington, bringing a youthful zest to the world of digital content. Merging her love for narrative with an eye for detail, Ella crafts stories that resonate and engage the modern reader.