Why You Should Use Bitcoin for Deposits at Online Poker Rooms
Over the last couple of years, you’ve heard tons about bitcoin and cryptocurrency from both the news and popular poker pros around the world. Some of you may have even heard that you can use your bitcoin to play online poker or at online casinos around the world.
If you’re not already playing poker using bitcoin, now may be a good time to start. Today, we will give you some of the top reasons you should be using bitcoin to play at online casinos.
No Restrictions on Deposits
If you’re an online poker player, you know that at times it can be difficult to make an online poker deposit. Many banks have restrictions on credit card deposits and there are generally fees to make an online poker deposit using your bank account.
Bitcoin is a great alternative for making an online poker deposit as you don’t have the same restrictions and regulations with bitcoin as you do with credit cards, checking accounts, or even e-Wallets. Since bitcoin payments are made directly from your bitcoin wallet, you have all of the control and act as your own banker.
Bitcoin Deposit Bonuses Are Generally Higher
The average online poker deposit bonus is around 100 percent, especially for a Welcome Bonus. While this is a solid bonus, poker players love to get the biggest bang for their online deposit buck. When you make deposits using bitcoin, you will generally receive a larger online casino bonus than with other deposit methods.
Sites such as Ignition Poker and Intertops Poker both offer bitcoin bonuses with a 200% match bonus. You’ll also find that online poker rooms offering bitcoin deposits will give a larger total match. Ignition Poker will match you up to $2,000.
One of the most frustrating parts about playing at online poker rooms is cashing out. Generally, you are looking at anywhere from 72 hours up to two weeks to receive a payout. When you play at online casinos using bitcoin, you will not have to worry about extended waits when cashing out.
Generally, you will get your money within minutes from the time your withdrawal is processed. This is assuming that your casino does not require manual processing. Even then, you are looking at waiting 24 to 48 hours for your money compared to 72 hours or longer.
Exclusive Offers Only for Bitcoin Players
One advantage of using bitcoin to make real money deposits at online casinos is that there are generally offers exclusive to bitcoin users. These offers require that you deposit using bitcoin, but generally, they are reusable offers that can be more lucrative than standard bonuses.
In some cases, these offers are only available through email while other offers are open to all players. Check out the promotions section of your online poker site for available bitcoin offers.
Other Cryptocurrency Offers May Be Available
While bitcoin is the most commonly used cryptocurrency at real money online casinos, it is not the only one you can use. Some casinos such as BetOnline Poker will allow you to deposit using other cryptocurrencies.
BetOnline Poker allows you to use bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Dash to make deposits. Most commonly, alternative cryptocurrency options are Litecoin and Bitcoin Cash. Occasionally, you will find poker rooms that take other forms of crypto, but generally the ones previously listed as the most commonly accepted.
Expect Cryptocurrency Use to Expand in the Future
The cryptocurrency market is always in a state of flux, but you will still see online poker rooms accept bitcoin for the foreseeable future. As long as bitcoin retains a reasonable value that can be converted to cash, some online poker rooms will allow players to continue using it to make deposits.
Many of the online poker rooms on our homepage offer bitcoin deposits, so take a look at their offers and choose the one that’s best for you.