6 Benefits of Playing Poker With Bitcoin

These days, the poker scene is looking a lot different. Not only do an increasing number of people opt to play online as opposed to in physical casinos but more are doing so with cryptocurrency. A quick online search will show dozens of sites letting people play poker with Bitcoin and other tokens and consumers have responded positively to this.

As Kane Pepi writes, many are looking for the best Bitcoin poker sites to gamble on due to the numerous benefits they provide. These benefits include anonymity, low fees, and quick payouts. They also offer many more benefits, which include the following:

The Chance to Make a Profit

Naturally, the main reason people play poker is for the chance to win some money on top of their initial wager. But when you play with Bitcoin, there is even more chance of profit. You see, the value of cryptos like Bitcoin does not typically stay the same over time. Instead, they rise and fall based on the developments in the market, as well as the forces of demand and supply.
If you win at poker using Bitcoin, the tokens could be worth several times what they were before. So not only are your winnings more valuable but so is the initial wager you placed. With this massive profit potential, it comes as no surprise that poker lovers are flocking to Bitcoin.

More Privacy

A big issue for internet users these days is privacy and thanks to scandals like Cambridge Analytica, we’re less willing to share our personal information with websites. This is where Bitcoin comes in as several Bitcoin poker sites allow users to sign up anonymously. Instead of providing their name, address, and ID, users only need to connect their crypto wallets to get started. This level of privacy when it comes to gambling can hardly be found while using fiat currency and this means that Bitcoin will continue to be used.

More Control

Another benefit of playing poker with Bitcoin is that it affords users more control over their assets. Typically, spending fiat currency on poker requires some level of approval from a centralized institution like a bank. But as most of us know, your bank can impose limits on your spending or even freeze your account in some cases. But Bitcoin doesn’t have this problem because it is decentralized. As such, no one can restrict how much or how little Bitcoin you spend, not even your wallet provider. Your spending is completely in your hands which is yet another benefit.

Faster Transactions

Few things are quite as annoying when playing poker as having to wait a long time for your deposits or withdrawals to be processed. Banks and the sites themselves can take hours or even days to complete transactions, inconveniencing players along the way. But Bitcoin is known to complete transactions in under a few minutes or even less. And because there is no centralized body that needs to approve the transaction per se, the chances of payments not going through are slim to none.

Bonuses

As poker sites supporting Bitcoin have popped up, many are going above and beyond to attract new players. One of the ways that they do this is by offering attractive bonuses. From match deposits to cashback to free spins, there is a wealth of bonuses that players can take advantage of. While most online casinos offer bonuses of some kind, Bitcoin casinos have proven to be especially aggressive while trying to gain ground in the market. With this in mind, players might want to take advantage of them.

Lower Transaction Fees

High transaction fees, whether to the online casino or the payment processor, can eat into poker players’ winnings and become a hassle over time. But Bitcoin can be the solution to this issue thanks to its low fees. Cryptos, in general, are known to command rather low fees, even for high-volume transactions. This, in turn, means that Bitcoin casinos can charge players much less than their traditional counterparts. Anyone looking to keep as much of their earnings as possible should consider a Bitcoin casino. While doing this, compare fee schedules across several different casinos to make the best choice.