Bitcoin is a decentralized virtual currency which is traded in the same way as currencies or bonds, except that for the storage of Bitcoins it is necessary to download an “electronic wallet”. In its beginnings, Bitcoin did not obtain great popularity, but little by little it began to be adopted by more users and companies. Bitcoin has gained a lot of attention in the world of online gambling.
Sites to play online poker with Bitcoins
Online poker sites have become more popular every day and since the use of Bitcoin is anonymous, decentralized and more or less instantaneous transfers, online casinos have recognized in this crypto currency an excellent potential to attract new customers. The way Bitcoins are used for online gambling divides casinos into two categories: exclusive Bitcoin poker sites and online casinos that accept Bitcoin.
So what is the difference between using an online casino that accepts Bitcoins and using a Bitcoin casino to play poker? There are several differences between selecting an online casino that accepts Bitcoins and a Bitcoin casino.
- The great differentiation between these types of online casinos will be the total offer of payment methods to enter or withdraw funds from your casino account.
- Bitcoin casinos do not accept other payment methods other than Bitcoin transfer, while traditional online casinos will offer you other payment options such as a bank account or PayPal.
- The expenses for using exclusive Bitcoins casinos are minimal and normally there are no fees for withdrawal of funds.
- Another great advantage of choosing Bitcoin poker casinos over online poker casinos is anonymity since you will not need to link your email or personal data to create an account.
- The game offer does not vary much between a Bitcoin casino and a traditional online casino, such as poker, roulette, slots and craps.
Pros of using Bitcoins when playing online poker
Playing poker online is a game of both chance and strategy. For many bettors it is very attractive to use Bitcoins since they have the possibility of increasing their profits according to the Bitcoin exchange rate. Many players opt for Bitcoin to place their bets since there is the possibility of winning some money depending on the exchange rate of Bitcoin when it comes to changing it to their local currency.