Cryptocurrency has created a buzz recently. People are talking about how cryptocurrencies are making transactions easier and safer. Cryptocurrency has now entered the online poker rooms as well. With cryptocurrency, you have smart contracts and that way no one can access your balance. The transactions can be properly tracked as well. This ensures that everything will run fairly.
What is Cryptocurrency?
It is a type of digital money. It uses cryptography to change information into a code that no one can crack. Cryptocurrency is based on the blockchain technology. This technology is completely transparent and so there is no scope of any corruption in case of financial transactions. Bitcoin is the most popular type of cryptocurrency.
Advantages of Cryptocurrency in the Poker Room
Many poker sites offer a 10% bonus or more if you deposit using cryptocurrency. You can withdraw money within 24 hours as compared to the normal poker sites that take three to five days of processing time. No bank is needed to process the transaction. Another benefit is that you can choose to play anonymously and lower the chance of identity theft.
Using cryptocurrency is safe as it is decentralized and encrypted and there is less chance that your transaction will be manipulated. It is cheaper to fund the poker account using cryptocurrency. You can also get more rake-back and pay less rake as well.
How to Buy Cryptocurrency?
In many cryptocurrency poker rooms, poker chips are used for transactions. Freerolls are offered to the players. You may need to download the cryptocurrency or bitcoin wallet in some sites. This wallet is similar to a bank account. You can then fill up your wallet with bitcoin. In browser based poker rooms, you don’t need to download the bitcoin wallet. You can then sell and buy bitcoins. You can pay for the bitcoins by VISA, Mastercard or other payment options. Bitcoin, Ethereum, Bitcoin Cash and Litecoin are the cryptocurrencies that are accepted by many poker sites.
Cryptocurrency has a very bright future. In fact, it is predicted that it may replace the fiat money eventually. So, if you want to play poker online then choose a site that uses cryptocurrency. It’s much easier to make the transactions using cryptocurrency and you will get more bonuses as well. You will now find lots of cryptocurrency poker sites. These sites are safe and there is no risk that someone will run away with your money. The sites won’t hold back your money as well. The player’s fund is managed very well with cryptocurrency.
Many people now prefer playing online poker than the traditional one. Online poker gives a player more selection of games. You can get lots of bonuses too. You don’t need to go to a casino; you can simply play on your laptop sitting in your home. You get the chance to play with more than one table at a time also. With all these benefits and the online poker rooms using cryptocurrency, there is nothing better than playing poker online.