Bitcoins on the other hand has been one of the more interesting and successful concepts not only in poker, but the world in general. This fairly new currency was once thought of as a fad, but more recently has emerged as a viable option for poker players all over the world.
Lightning Fast Banking
We all know the worse part about playing online poker is waiting for your winnings. Most traditional poker rooms take a few days, with some taking weeks. The fastest withdrawal of all the major poker rooms is 48 hours. That’s still 2 days to wait for your hard earned money.
With bitcoin poker rooms, the withdrawal process is 24 hours or less at most sites. Some sites take even less time and tout withdrawal times of an hour. There really is no comparison to speed of cashing out with a bitcoin site.
Banking is so easy with bitcoins. Your deposits are instant and there is no need to find a processor that will accept your payment method. If you’re an American player, you know just how much of a pain this can be. You’re left with little options and sometimes resort to swapping money with people you don’t know on poker forums. No one likes to put the fate of their money in this situation. Sadly it’s all some players have.
With bitcoin poker rooms, this is a thing of the past!
No Fees or Limitations
The cost of doing business in online poker has increased drastically over the years. Instead of valuing players, the sites pass the cost on to the players. Withdrawals cost a small fortune in some cases and it’s not even worth cashing out because it will cost too much.
Try getting a check (which is the only option on some sites) from some of these smaller poker rooms. You’ll have to pay a hefty fee and meet several criteria before you can cash out. We’ve seen some absurd requirements to be able to cash out your winnings. Some sites make you have a minimum of $1,000 to cash out. Then charge you $25 or more on top of that.
This is unreasonable for most poker players. The average player doesn’t even have half that amount in their account. Even the larger sites will have some type of minimum requirements, a fee, or both when making a cash out request.
At bitcoin sites, your money is your money and you can access it anytime - at no cost to you. If you want to cash out $50 now, then win another $50 an hour later, you can do it. Even the largest, traditional poker rooms make you wait 72 hours after making a cash out request. Bitcoin poker rooms don’t make you wait at all.
U.S. Friendly - Accepts Player From EVERY State
Following the point of American poker players, you are all welcome at a bitcoin poker room. Since the government does not have any jurisdiction over this currency, they cannot tell you what you can and can’t do with your bitcoins.
This was the main reason bitcoin poker was created – to allow a place for U.S. players to play online poker. So you can stop trying to find a site that accepts you. Or worse yet, play on a state sanctioned poker room that has 10 players and no games going.
No Verification Process
If you’ve ever played at a traditional poker room, you know what a hassle it can be just to sign up. Most online poker rooms make you fill out forms and send in various documents to verify your identity. Don’t get us wrong, having security measures are a good thing. But having to wait a week or more for someone to say that you are who you say are, can be a pain in the ass to say the least.
And to make matters worse, some can’t even play if they don’t have some of the required documents. Not everyone has a utility bill in their name, which is one of the requirements to verify your identity. If you fall into this category, you may as well not even bother trying.
With most bitcoin sites, there is no need to run through the hoops of verifying identity. Once you sign up, that’s it!
Total Anonymity Guaranteed
Since there is no need to verify identity or send in any information, you can play bitcoin poker with complete anonymity. Almost all bit coin poker rooms don’t make you fill out any information to play. No more address, no more country, no more time wasting, information gathering that’s needless.
If you value your privacy, then bitcoin poker is right up your alley.
If you’re old like us, you remember the golden years of poker. A time when playing ABC poker was enough to rake in the chips. Most players were bad and winning came with ease. If you are looking to relive those glory days, or want to experience what it was like, bitcoin poker is where it’s at.
We can’t express enough just how easy the games are. The players as a whole are quite bad and you should have no problem winning.
Bitcoins are like the stock exchange. Their value goes up and down like a stock and people buy, sell and invest in them every second of every day. One of the coolest aspects of bitcoins is that the value of them can go up.
Say you have $100 worth of bitcoins. By the time you cash you cash them out, they are now worth $120 due to an increase in the market. You just made $20 for doing basically nothing. Free money is the best kind!
It's getting easier and easier to acquire bitcoins from bitcoin ATM machines or through regulated exchanges. Once you're set-up you can begin to enjoy zero transaction frees, near instant withdrawals and rooms that are full of poker fish. In short, playing poker at a bitcoin poker room has so many pros that it would be senseless to not at least try them out.