How to Make Crypto Deposits for Online Poker
Discover the Latest Trend: Using Cryptocurrency for Poker Deposits
The online gaming world is evolving rapidly, and using cryptocurrency for deposits at poker rooms is one of the most exciting changes.
What seemed like science fiction a few years ago is now a reality. Adding a crypto deposit option to poker sites revolutionizes the way players fund their accounts.
Whether you're a poker enthusiast or a crypto investor, this article will explore how these two worlds are merging.
Read on to learn everything you need to know about making crypto deposits at online poker sites.
THE BENEFITS OF PLAYING POKER WITH CRYPTO
The ability to make crypto deposits has transformed the operations of online poker sites. It makes things better for poker players and also for site owners, and here's why:- With crypto, you can safeguard your private information, since crypto transaction add another layer of privacy.
- Crypto transactions have lower fees, so that players and agents don't loose mney on transaction fees.
- Crypto transactions are almost instant, meaning that you can deposit and withdraw your money faster.
- With crypto, anyone can play from anywhere without worrying about bank procedures.
- Crypto utilizes robust technology to ensure secure transactions, reducing the risk of fraud or financial loss.
- No matter the time or day, you can trade cryptocurrency and play poker at your convenience.
CREATING A WALLET
Before your first crypto deposit to your preferred poker site, you need a private and secure crypto wallet. It is advisable to use a secure hardware wallet.Some well-established solutions are Ledger Nano S or Trezor… these hardware wallets offer top-notch security and allow the storage of several cryptos.
But let's explain different types of wallets first.
Various types of cryptocurrency wallets exist, each with its own advantages and disadvantages.
Hot or cold wallets
Hot wallets are connected to the internet and are convenient to use, but they are vulnerable to online attacks. Examples include web-based, mobile, and desktop wallets.On the other hand, cold wallets keep your private keys offline and safe from online threats. Examples of cold wallets include paper and hardware wallets.
Custodial or non-custodial crypto wallets
Wallets can be categorized as custodial or non-custodial, depending on who holds the private keys. Storing your crypto in a custodial wallet means that a third party controls your private keys and, therefore, your assets. On the other hand, non-custodial wallets like Ledger, allow you to fully own and control your crypto. A private crypto wallet allows you to have full control over your funds. It ensures that you are the only owner of your cryptocurrencies.
CRYPTO EXCHANGE SITES AND GAMBLING POLICY
There is another very important reason to have a private crypto wallet if you are a poker player…Many crypto exchange platforms, like Coinbase, don't allow you to use your account for gambling purposes.
Therefore, you should store the purchased cryptos in a private crypto wallet, and deposit it to a gambling site from there.
REGISTERING ON A CRYPTO EXCHANGE
Before buying cryptos to play poker with, you should sign up for an account on a reliable cryptocurrency exchange.- Binance is like your friendly guide to cryptocurrencies, perfect for beginners and pros alike.
- Coinbase is a reliable friend for newbies, making crypto trading easy.
- ByBit is the energetic hub for trading crypto with low fees and advanced tools.
- Kraken is a dependable mentor with advanced features for all levels of traders.
- Bitpanda is your trustworthy broker for buying, selling, and investing in cryptocurrencies.
PURCHASING CRYPTOCURRENCIES
After creating an account on the crypto exchange platform, you must purchase cryptocurrency to top up your poker account.Make sure that the crypto you are investing in is accepted by your poker room.
Bitcoin (BTC) is widely accepted on all crypto supported poker sites, but also other options like Ethereum (ETH), Litecoin (LTC), and Tether (USDT) are also commonly used.
TRANSFERRING TO YOUR WALLET
After buying crypto on a crypto exchange platform, transfer it to your personal crypto wallet:- Log in to your exchange account and find the withdrawal option.
- Provide your private wallet address (make sure it's correct!) and start the transfer.
This step ensures enhanced security for your funds and provides more options for depositing funds on various gambling sites.
Be aware of withdrawal fees and minimum withdrawal amounts set by the exchange.
Withdrawals to external wallets can take a few minutes up to a couple of hours, while transfers to the exchange app are instant.
CHOOSING A CRYPTO POKER SITE
When choosing a crypto poker site, there are several high-quality options available. Here are some popular crypto poker sites:Americas Cardroom
- A big selection of poker games and tournaments.
- Known for high-speed and safe transactions.
- Supports some top crypto coins, including Bitcoin - for deposits and withdrawals.
- Hosts daily and weekly poker tournaments with cash prizes.
- Allows deposits using BTC, BCH, ADA, LTC, BSV, ETH, and USDT.
- No withdrawal fees for crypto transactions.
- Offers a wide range of poker tournaments and games, so there's something for every player.
- Accepts several cryptocurrencies for deposits, like BTC, BSV, BCH, ETH, LTC, and USDT.
- A large pool of players, which means you'll find action-packed games and high-prize tournaments.
- Bodog hosts the world's first online poker series with prizes in crypto!
- Over $2 million in guaranteed poker tournaments each week.
- They accept various cryptocurrencies for deposits and withdrawals, including BTC, BSV, BCH, LTC, ETH, and USDT.
- Offers games like Texas Hold 'em and Video Poker.
- High withdrawal limits and low transaction fees.
- Supports 20 cryptocurrencies for efficient coin management.
- A blockchain-based online poker room.
- A unique and transparent gaming experience with the use of smart contracts for fair play.
- Accepted cryptocurrencies include CHP, ETH, BTC, and LBTC.
- Tiger Gaming provides a wide selection of poker games.
- They offer also sports betting, live betting, casino games, and live casino.
- They accept cryptocurrencies such as Bitcoin, Litecoin, and Ethereum for deposits and withdrawals.
- Offers both poker games and tournaments.
- Accepts cryptocurrencies like BTC, ETH, USDT, TRC-20 and ERC-20, BCH, and others.
- If you are after a safe and thrilling online poker experience, WPT Global is definitely worth a look!
DEPOSITING CRYPTO AND PLAYING POKER
Navigate to the deposit section on your poker site. Poker room will provide a unique address, to which you transfer your crypto assets. Copy this address and go to your crypto wallet to send the amount you wish to deposit.When your crypto transaction is confirmed, you are all set to play.
Now you can start playing poker and having fun, but remember to always play responsibly and know your limits.
SAFE TRANSACTIONS AND EXCITING OPPORTUNITIES
Cryptocurrencies are changing the world of poker, making it safer, faster, and more reliable to fund poker accounts. Crypto assets are also bringing a whole new level of excitement to the game.It's fascinating to ponder the potential evolution of this trend in the future.
QUICK GUIDE TO CRYPTO POKER
Crypto is changing the way poker players fund their game.Getting started might feel overwhelming, but you won't get lost if you follow these bulletproof steps:
- Set up a secure wallet.
- Sign up on a crypto exchange.
- Invest in crypto.
- Move your crypto assets to a private wallet.
- Deposit to a crypto poker site.
- You are all set and can now start playing!
These basics ensure that your money stays secure while you enjoy the thrill of the poker game. Once you're all set up and playing, you'll quickly see how convenient and full of possibilities crypto poker can be.
