As a result of the COVID-19 epidemic, more and more people are moving away from live casinos and are instead investing in online poker websites and casinos. This is because – with online casinos, you can start playing your game in the comfort of your own home – without having to worry about low pay times and the high cost of live casinos. And with the introduction of Bitcoin, this process has worked much better than before.
In case you do not know, you should know that BTC or Bitcoin is a cryptocurrency payment option now accepted by many online card games and casinos. And as the payment option continues to gain momentum over time, more players will start using it again. So, if you are an important poker player, you need to know how Bitcoin and Bitcoin casinos work in order to start playing poker with BTC.
What Do You Mean by Bitcoin And How Can You Get the Same?
Simply put, Bitcoin can be counted as a digital network that operates in cryptocurrency agreements and thus records transactions that take place in a ‘blockchain’. Blockchain is another distributed server name.
Bitcoin is often obtained through mining, using powerful computers to calculate complex mathematical problems. Therefore, miners (who hold BTC using powerful computers) receive BTC as a reward for completing a certain number of transaction blocks, which are then added to the blockchain.
It must be borne in mind that mining is a time-consuming and expensive process. Therefore, many people who do not have enough hardware to dig BTC will buy BTC in exchange for traditional currencies such as USD, INR or EUR from various Bitcoin trades. Such Bitcoin trading can also be used to purchase other forms of cryptocurrencies such as Ethereum or DogeCoin.
Benefits of Using Bitcoin as a Payment for Poker Play
If you are looking to play real money games like poker or 3 Patti playing online, then using Bitcoin can be a great way to start your journey. The biggest advantage of using any cryptocurrency like BTC instead of the traditional currency is that – the transaction will happen soon. This is because cryptocurrencies use a P2P (Peer-2-Peer) transfer system, which means you do not have to wait for an outside company to approve your financial transactions.
So, whether you want to play poker or test your Teen Patti skills, your money will be ready to spend whenever you like – in just a few minutes. In addition, the withdrawal will not take much time, which means you can enjoy your victory faster. Other than that, you should learn that Bitcoin tends to have lower operating costs compared to traditional currencies.
Additionally, if you use cryptocurrency as a BTC as an option, you will not need to enter much personal information because cryptocurrency transactions remain anonymous. Therefore, no third party can track any cryptocurrency transaction.
Another benefit you can enjoy with Bitcoin is that – as the value of Bitcoin increases over time – the value of your total winnings will also increase.
How to Start Playing Poker at Bitcoin Casino?
Before you can start receiving or sending Bitcoin, you must set up the same Bitcoin wallet. Your BTC wallet works the same way as your regular bank account – except that all payments will be made online. There are different types of BTC wallets out there such as:
- Mobile wallets
- Hardware wallets
- Desktop bags
The type of bag you choose will depend on many factors.
When setting up your BTC wallet, you should make sure you are using 2FA or Two-Factor Authentication. 2FA features add a layer of security to hackers because no one will be able to access your wallet without your permission.
In addition, you should make sure that you keep your BTC wallet safe. There have been many cases in the past where people have lost all their Bitcoin stored after their wallets were stolen or destroyed. Therefore, in order to avoid the destruction of your Bitcoin (especially what happens with hardware wallets), you should make sure that there is a recovery plan in place.
Once you have finished and set up your BTC wallet, you need to buy Bitcoin and invest it in it. After that, you will be ready to play poker with BTC online. But, before you decide to play poker and BTC at any online casino, be sure to check the integrity and credibility of the casino by reading reviews and user recommendations.
Accessibility and Legitimacy of Bitcoins
Not all countries in the world have made secret money legal. Therefore, before you start using BTC as your preferred payment method and withdrawal, make sure you are fully within the rules and regulations of your current country. We certainly would not advise using BTC illegally to play poker online. casinos because the illegal use of a payment option can get you into a lot of trouble later.
However, if the use of cryptocurrencies like Bitcoin is allowed in your region or country, it is really good news for your poker career.
There is no denying that cryptocurrency will remain and in the future, could be a de-facto payment method for real money in online casinos. So, it makes perfect sense if you can learn about technology in advance and be a pioneer of the same acceptance. So, the next time you decide how to play a poker online game or any other real money game, remember to use Bitcoin as your payment method.