- Poker sites that accept cryptocurrencies are fast becoming all the rage!
- People around the world are realizing that making a profit on poker sites while using bitcoin is a faster way to make profits.
Poker sites that accept cryptocurrencies are fast becoming all the rage! People around the world are realizing that making a profit on poker sites while using bitcoin and other cryptocurrencies is a funner, faster way to make profits.
How can you take advantage and rake in a few extra dollars on crypto poker sites?
It all starts with finding the right poker room for you. Let’s dive in and, hopefully, you’ll do what I did and find the crypto poker rooms that make the most profit for you.
If you’ve been playing on traditional online poker sites then you probably have a favorite site. Perhaps they offer great VIP perks or bonuses. Why switch to a poker site that accepts crypto?
Or perhaps you’re new to online poker. Maybe Covid is preventing you from getting together with your buddies for a few games or going to Vegas. How can you get that rush and make a profit from poker sites accepting cryptocurrencies?
1. How a Crypto Poker Site helps you make more profit.
If you’ve been reading about how to protect yourself from economic collapse, no doubt you’ve read about cryptocurrencies. Bitcoin is the king of crypto; it’s the original cryptocurrency and it usually controls more than 50% of the market. So how does it help you make more profit?
Bitcoin is a decentralized currency.
The fact that bitcoin is decentralized means that it is not backed by any single government, bank, or entity. Bitcoin is governed only by math, pure and simple.
This means that if you hold Bitcoin and your country’s fiat currency inflated or deflated, Bitcoin won’t experience it as much, because your government cannot control the supply of Bitcoin like it can control the supply of its own money.
That means, for you as a poker player, that if you play with Bitcoin, you’ll be more secure in your cashed out winnings.
Bitcoin helps you have a bit of financial privacy
Bitcoin is also uncensorable. No government can control or censor it -- not without raiding your home and taking your crypto wallet (and even then there’s ways to protect yourself).
This means that you can find a poker room that accepts cryptocurrency and also lets you play anonymously. If you find one of those, you’ll be able to enjoy your winnings without fear of them being taken away.
2. How to find the right crypto poker site to make more profit.
The best poker sites make sure to help you win by being provably fair.
What is provably fair?
“In a provably fair gambling system, ... The service operator will publish a method for verifying each transaction in the game. This is usually by using open source algorithms for random seed generation, hashing, and for the random number generator. Once a game has been played, the player can use these algorithms to test the game's response to his in-game decisions and evaluate the outcome by only using the published algorithms, the seeds, hashes, and the events which transpired during the game.”
In short, a provably fair poker room will let you see the mathematical outcome in the poker game you played. You can check that the game was fair. This helps you make more profit because you won’t be playing poker on a site that rips off all its users!
3. How to use a Bitcoin poker site
Once you’ve determined that you’d like to give poker with Bitcoin a shot, there’s a few things to look for before signing up.
1. Do they accept players from your country?
Some poker rooms only accept residents from certain countries. Make sure you’re on that list!
2. Are they provably fair?
As mentioned above, any poker room should show their players how fair they are. Check for that.
3. Do they offer lower fees and faster withdrawals and deposits?
One of the best ways to make a profit on poker sites accepting crypto is to take advantage of the fact that cryptocurrencies offer money transfers that are faster and cheaper than regular SWIFT or other money transfers. Make sure the site is passing the savings onto you!
3) How to actually place bets with Bitcoin
How do you get Bitcoin to pace bets with? Well, there are plenty of online exchanges out there which let you change your local fiat into crypto. This is what you do:
- Buy BTC or another crypto.
- Sign up for a poker room that accepts crypto.
- Get your deposit address.
- Send however much BTC you’d like to use to that deposit address.
- Have fun!
There you have it. A short but impactful look at how to turn extra profit at a poker site that accepts cryptocurrencies: make sure your country is accepted, check that the site’s games are provably fair, buy BTC, deposit it, enjoy!