The finance space is rapidly evolving and the poker industry has not been left behind.
Apart from accepting a myriad of currencies, some poker rooms have gone an extra mile to accept crypto deposits. By heralding the paradigm shift from fiat currency to virtual currencies, the appeal of online poker has skyrocketed, especially in developed countries.
Nowadays, you can play poker using bitcoin.
Here’s what you need on how to play poker using bitcoin.
How to play poker using bitcoin
Step 1- Find a poker room that accepts Bitcoin
Obviously, it’s a no brainer that you have to first find a poker room that accepts Bitcoin and/or ether deposits. Well, most mainstream poker rooms are yet to join the fray and hence it may be a little difficult finding a poker room that accepts bitcoin payments.
But, they do exist.
You have to be on the lookout to avoid registering with a rogue poker room.
A poker room may set up shop with the sole objective of defrauding innocent players.
Step 2- Make a deposit to your playing account
After selecting a poker room, the next step would be to make a deposit to your gaming account. Fortunately, with cryptocurrencies, you don’t have to submit any banking information. You only have to send crypto from your wallet to the provided poker room’s wallet.
In addition, depending on the deposit policies of a poker room, your deposit may be available instantly after it is recorded on the blockchain. Or in most cases, your deposit may be required to have a few confirmations which may take a few minutes.
NB: To avoid inconveniences and to speed things up, always make sure the amount sent covers the transaction as well as the miners’ fee.
Step 3- Take a seat and start playing
After making a deposit, you can now start playing poker. You only have to choose your preferred playing level, take a seat, and start playing.
How do I withdraw poker winnings?
Withdrawal procedures may vary from one poker room to another.
However, in most cases, you will be required to submit a withdrawal request which can either be accepted or denied. A withdrawal request can be denied if a player fails to satisfy playthrough requirements of any bonus given within the stipulated time.
Additionally, if a withdrawal request is accepted, the amount requested will be remitted to your Bitcoin wallet. Bitcoin withdrawals are always instant.
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