bitcoin-poker

Bitcoin and online poker are a heavenly marriage. How is it possible? Because Bitcoin 온라인카지노 offers an unprecedented level of anonymity, which is an essential feature of any self-respecting poker site. It is particularly interesting for casual players who wish to stay hidden or circumvent the rules that affect the accessibility of their favorite poker rooms.

Now I know most of you have probably heard of bitcoin and cryptocurrencies and how the currency is used for online payments. But I’m also guessing that you haven’t used it for playing in real-money poker sites because not many poker operators accept this form of payment. 

Since real money is at stake, there shouldn’t be any shortcuts. You should get acquainted with all the ins and outs of how this digital currency is used for depositing and withdrawing in poker sites. 

This is precisely why I composed this in-depth guide — to show you what Bitcoin is all about and how to facilitate easy, quick, and 100% safe payments on real-money poker sites using this innovative cryptocurrency. 

What Is Bitcoin and how it works for poker? 카지노 As some of our readers may not be familiar with the concept of bitcoin, let's start from the beginning.

Bitcoin is a digital payment network that was invented in 2009 and uses peer-to-peer technology to process instant payments and the latest innovation in cryptography is digital anonymity and digital currencies. The currency is said to have been invented by Satoshi Nakamoto, although its inventor's real name remains unclear. The main idea behind Bitcoin is to provide users with almost complete anonymity for every transaction.

The main thing you need to know about Bitcoin is that it has no physical form. Inventory only stored in a public record that is accessible to all. Bitcoins are not associated or backed by any bank or government, which makes it particularly appealing for players that can’t use traditional payment methods in real-money poker sites due to governmental restrictions. 

We’re not going to get down to the nitty-gritty of all the technicalities involved with Bitcoin, because it may be a bit overwhelming. And honestly, you don’t need to worry yourself with learning all the terminology in order to use Bitcoin for playing online poker. So, we’ll show you straight away how to deposit and withdraw Bitcoin on poker sites. 

If you’re interested in learning the mechanics of Bitcoin, here’s a handy video that could help you get familiar with the subject. How does Bitcoin 에볼루션미니게임 work?

Buying and selling Bitcoin using fiat in your chosen currency is a relatively straightforward process. That said, there are many services you can access online that offer bitcoins for sale.

The interesting part about this phenomenon is how to interpret its value. In general, you can see the intrinsic value associated with real Bitcoin. Like anything else in the market, it can fluctuate with regard to the supply-demand ratio.

Types of Bitcoin Poker Room

There are three types of poker rooms where players can use Bitcoin as their currency.

The first type is a Bitcoin-only poker site. It is a professional poker site that only accepts players who use Bitcoin as a payment method. There is no currency converter here because there is no other choice. In this line of thought, there is not fee for conversion as well. 

The second type is bitcoin-inclusive poker sites, as these online poker rooms have the standard array of accepted currencies, but they also accept players who use bitcoins. A convertor is provided here, as bitcoins understandably vary in value from one currency to the next. 

As for the final type, it’s important that you know how bitcoins are actually kept and stored. Namely, e-wallets have been present for quite some time in this field, which makes them a familiar term by now. Bitcoins are stored in such electronic wallets due to their digital “physics”. Therefore, there are also poker rooms that allow Bitcoins as a payment method, but only via NETELLER.

How to Use Bitcoin at Online Poker Sites – Step-by-Step Guide

Using bitcoin at real money poker 카지노사이트 sites may seem a bit complicated for beginners, but it's actually quite simple. We guide you through the process.

Sign up for a cryptocurrency exchange

In order to use BTC on poker sites, you need to get it first. This can be done in online cryptocurrency exchanges. In other words, it is a place where you buy bitcoins with constant money. You should think of the exchange as the storage of Bitcoin.

Now, choosing an exchange can be a little tricky due to legal restrictions on your use of the service. You need to do your research and choose a legitimate exchange in your country of residence.

For the sake of clarity, we will use uphold.com, which is a very popular exchange in the United States. Go to Uphold's official website, find and click the sign-up button to create an account. Next, you need to provide basic information such as your email address, password, country of residence, and name. If you fill in the required fields, the operator will email you a verification code. Open your email and confirm your account.

Uphold may be required to provide additional proof of identity before being authorized to use the service. On this note, you may have to provide:

• ID card
• Passport
• Driver’s license

In most cases, the verification procedure takes only a few minutes, but sometimes it may take a week or so. 

Purchase the Bitcoin

Once you have successfully verified your Uphold (exchange) account, it’s time to get some BTCs. The first step is purchasing a fiat currency (EUR or USD) so that you can “swap” it for Bitcoins. 

As you can see, you can fund your account in numerous ways, including:

• Credit/Debit cards
• Wire Transfer
• Directly from Bank Account (ACH)

This process is quite fast if you opt for credit and debit cards — bank transfers take a bit longer. On the flip side, credit and debit cards charge a small fee. Regardless, you should be able to purchase fiat currency and exchange it into Bitcoins hassle-free. Warning words: In some cases, your bank will flag the crypto exchange. In this case, you will need to contact your bank to confirm your transaction or use your Mastercard / Visa secure code. You need to find a deposit method that works for you. Small transactions can go smoothly.

Set up a Bitcoin wallet

The next step is to create a Bitcoin wallet. You cannot deposit to real-money poker sites directly from the exchange, so you’ll have to set up an account with a Bitcoin wallet provider. 

Essentially, a Bitcoin wallet is a software that stores your BTCs — pretty much the same way an e-wallet stores your flat cash. It acts as an intermediary between the Bitcoin platform and the poker site. 

A Bitcoin wallet is what you’ll use to deposit to online poker sites and where you’ll receive withdrawals from poker sites. 

There are several Bitcoin wallet services that you can use for making transactions on poker sites, and each of them has its own benefits and drawbacks. Most of them are completely free. I recommend that you do your homework and find the one that best suits your needs. Here are our top picks for a bitcoin wallet:

• Bitpay
• electrical
• Blockchain.info
• Ledger Nano S
• currency base

Transfer bitcoins from the exchange to your wallet

Assuming you bought bitcoin from an exchange and created a bitcoin wallet, there is only one thing to do before you can play on bitcoin poker sites: move BTC from the exchange to your wallet.

This part is self-explanatory. You can easily find the feature that allows cryptocurrency transfer across all exchanges and wallets. Simply enter the number of Bitcoins you want to send to your wallet and use two-factor authentication to confirm your payment. Then find the wallet address and copy it to the transfer form. Some exchanges and wallets offer QR code scanning so you don't have to copy and scan your address. Just scan the code on your mobile phone.

Create an account on the poker site

Once you've completed all the steps up to this point, you're ready to make your first deposit at a real money online poker site. I took Bovada as an example. Bovada is one of our recommended poker sites and one of the best Bitcoin poker sites in the US poker market.

Signing up for an account with Bovada is an easy process. You need to click the Join button and follow the registration procedure. Of course, you need to provide a combination of name, email address, phone number, and personal address.

You may need to download software for your online poker platform. The download link should be prominently displayed somewhere on the home page. If you can't find them, I suggest you contact customer service for assistance.