Bitcoin Poker: What to Expect from Online Bitcoin Poker Sites
Are you a serious poker player with no access to real money poker sites because it’s illegal to gamble online in your country? But, haven’t you heard of a currency that has been gaining momentum for several years now, and is already changing the way we purchase things online. A currency that gives total freedom!
Yes, we are talking about the Bitcoin. Bitcoin gambling is one of the best alternatives to real money gambling (that is, money involving standard currencies). If you haven’t seen bitcoin gambling sites, visit bitcoincasino.org for a full list. Bitcoin gambling can be anything from lottery to casinos, sportsbooks and poker. And, everything’s the same, only the money is different.
The Advantages of Using Bitcoins to Make a Poker Deposit
Finding a poker room that accepts bitcoins can be tricky. But, if you know where to look, you will easily discover dozens of poker rooms where bitcoins transactions are accepted. So, what advantages should you expect from using bitcoins?
Firstly, expect the fastest deposits and withdrawals you have ever seen. Since bitcoins are exchanged through a system that is decentralized, a peer-to-peer system, your bitcoins end up directly where you send them without the need for a third-party processor. No banks are involved, or any kind of conventional money transfer and payment processing services. You send the bitcoins, and they arrive directly into the wallet of the receiver. It’s the same with withdrawals.
Secondly, everything is anonymous, which can be a big deal for some players. You don’t have to share any personal or financial information at all. Even sharing your bitcoin wallet address is safe. A hacker cannot steal your bitcoins by knowing your wallet address. But, if a hacker gets hold of your conventional financial details, he can easily steal your dollars, euros or pounds.
Lastly, since there are no third-party processors, operational costs are significantly cheaper. On top of that, your bitcoin winnings are not taxed. It’s not possible because it’s not money that is regulated by governments.
Of course, not everything is roses. There are downsides that you need to be aware of. The biggest downside is that if you keep your bitcoins on your personal computer, and the hard drive crashes beyond repair, your bitcoins are forever lost. Luckily, there are online bitcoin wallet services that offer to store your bitcoins for a small fee.
Another downside is that the price for one bitcoin can vary during the year. One moment your bitcoins are worth hundreds or thousands of dollars, while the other they can significantly drop. The exchange rate is still unpredictable, but as the currency evolves, a solution will come up.
Is Bitcoin Poker Available in Every Country?
Yes, and that is one of the beauties of it. The Bitcoin is not a currency that is limited to one land area. It doesn’t recognize borders because it was never created under the concept in which today’s currencies function. The Bitcoin is the symbol of freedom.