Crypto Poker: Everything You Need To Know To Play Poker With Crypto

When it comes to playing poker with cryptocurrencies, there are several popular digital currencies that have gained recognition and acceptance within the online poker community. These cryptocurrencies offer unique features and advantages that make them attractive options for players. Let’s take a look:

1. Bitcoin (BTC)

Bitcoin is the original and most well-known cryptocurrency and carries the highest value. It is widely accepted in the online poker community and offers secure and anonymous transactions. Bitcoin’s large user base makes it a popular choice for crypto poker players and there are a number of great Bitcoin poker sites to choose from.

2. Ethereum (ETH)

Ethereum is a decentralized platform that enables the creation of smart contracts and decentralized applications (DApps). Its native cryptocurrency, Ether (ETH), is used for transactions within the Ethereum network and is also accepted by many crypto poker sites. Ethereum’s flexibility and programmability open up possibilities for innovative features and game mechanics in crypto poker.

3. Litecoin (LTC)

Litecoin is often considered the silver to Bitcoin’s gold. It offers faster transaction confirmation times and a different hashing algorithm, making it more accessible for smaller transactions. Many online poker sites accept Litecoin, providing players with a reliable and efficient alternative to Bitcoin.

4. Ripple (XRP)

Ripple is a digital payment protocol that facilitates fast, low-cost international money transfers. While not as widely supported in the crypto poker community as Bitcoin or Ethereum, some platforms accept Ripple as a form of payment. Ripple’s focus on facilitating seamless cross-border transactions may appeal to players looking for quick and cost-effective transfers.

5. Bitcoin Cash (BCH)

Bitcoin Cash is a cryptocurrency that emerged as a result of a hard fork from Bitcoin. It offers faster transaction speeds and lower fees compared to Bitcoin. Bitcoin Cash is accepted by select crypto poker sites, providing an alternative for players seeking a balance between transaction efficiency and broader adoption.

6. Cardano (ADA)

Cardano is a blockchain platform that aims to provide a secure and sustainable infrastructure for the development of decentralized applications. Its native cryptocurrency, ADA, is accepted by some crypto poker platforms. Cardano’s focus on scalability and sustainability makes it an interesting choice for players seeking a forward-looking blockchain solution.

7. Dogecoin (DOGE)

Originally created as a lighthearted cryptocurrency, Dogecoin has gained a significant following and community. While not as widely supported in the crypto poker industry as other cryptocurrencies, some platforms accept Dogecoin as a payment option. Dogecoin’s playful nature and active community may appeal to players looking for a fun and unique poker experience.

Please note that the availability of cryptocurrencies for poker may vary depending on the platform and region. It’s always advisable to check with the specific online poker site for their supported cryptocurrencies before making a deposit.

What To Look For From A Crypto Poker Site

If you’re in the market for a new crypto poker site, it can be hard to know which of your options is best. There are so many great sites to choose from, that it can be a bit daunting! If you’re not sure where to start, take a look at our list below for some of the most important factors to consider when looking for a new crypto poker site.

• Crypto Payment Options – One of the first things you should look for when checking out a prospective crypto poker site is whether or not they support your chosen cryptocurrency. Some poker rooms support dozens of different cryptocurrencies, whereas some only support a handful of them, so always check before signing up.

• Game Selection – Another thing you should look for is what the traffic is like for your favorite game. If you’re an Omaha-maniac, you’ll want to play on a poker site that has plenty of Omaha games running. However, if you’re more of a Hold’em tournament player, you’ll want to take a look at the MTT schedule before signing up.

• Bonuses and Promotions – Everyone’s favorite part of signing up for a new poker room is claiming all the bonuses and promotions they have to offer. Some sites offer huge matched deposit bonuses that really boost your bankroll, so make sure you shop around for the best offers.

• Security Features – You’ll want to know that when you sign up for a crypto poker room that your data and your crypto will remain secure on the site. Look for features like SSL encryption and firewall technology to ensure that your details are safe.

• Mobile Gambling Options – More and more players are enjoying poker from their mobile phones, as it allows them to play wherever they are in the country. Many crypto poker rooms have mobile gaming options, but it’s worth checking if your chosen site offers a mobile app or a mobile-optimized website before signing up.

So, what sets apart a poker site that accepts cryptocurrency from any other? After all, it’s the same game, so can a few different deposit methods truly make a significant difference? Well, depositing with crypto brings several advantages that you won’t find with other methods. Let’s delve into the numerous benefits of playing on an online poker site that supports cryptocurrency and explore why it’s worth considering.

If you’re looking to convert some of your fiat money to cryptocurrency, it’s important to know your options for getting your money on and off your chosen exchange. The exact banking methods available to you will vary depending on the exchange you use and the country you live in, as some governments have much tighter restrictions for allowing banks to facilitate transactions to crypto exchanges.

Credit/Debit Card

The most popular way to deposit money to a crypto exchange is with a credit/debit card. This payment method is extremely convenient, as it’s just like online shopping; simply put in your card details and the amount you’d like to deposit, and away you go. The downside to using credit/debit cards is that the transaction limits are usually lower than other methods and the fees are relatively high in comparison – but you’re paying for the convenience.

Bank Transfers

Some exchanges do allow direct bank transfers as a deposit method. Once your account has been verified, this method will have limits in the hundreds of thousands of dollars, so you’ll have no problem getting all the money you want to convert onto the site. However, some banks are cracking down on crypto transactions and will flag your deposit as a fraudulent transaction at best and flat-out block the transaction at worst.

E-wallets

E-wallets are another option for depositing money to exchanges, though the exact providers available to you will vary from site to site. It’s important to note that not all crypto exchanges will allow you to deposit fiat currency to trade; some of them only allow crypto deposits and only support crypto trading pairs.

Now that we know what exchanges are, why they’re important, and how you can get your money onto them, let’s take a look at the best ones on the market! There are a number of great choices that can get you the crypto you need to start enjoying the best Bitcoin poker sites in no time.

While the top five are our most recommended, that doesn’t mean they’re the only good crypto exchanges on the market. There are plenty of great exchanges that you should check out, like the ones below.

• Changelly
• KuCoin
• VirgoCX
• Coinmama
• Shakepay
• CoinSmart
• IO
• Huobi
• Bitpanda

While a crypto exchange is necessary to get started playing online poker with crypto, it is advised not to keep your cryptocurrency on an exchange due to the lack of control over your private keys. These keys are necessary for accessing your coins to play poker. If the exchange is hacked, your funds could be wiped out, and even without a hack, the exchange may freeze withdrawals, leaving you unable to access your cryptocurrency.

To ensure security and control, it is best to create a personal Bitcoin wallet where you can store your crypto long-term. However, if you intend to actively trade, keeping a small amount on the exchange can be convenient and help minimize fees, while keeping the majority of your crypto in a personal wallet for added security.

Crypto wallets are necessary for owning and accessing cryptocurrency. Similar to how cash requires a wallet and online money needs a bank account or e-wallet, cryptocurrency needs a dedicated place for access. A crypto wallet stores your private keys, which are essential for authorizing transactions from your wallet’s address. All crypto assets are stored on the blockchain and associated with specific addresses. To legally own cryptocurrency and use it for online poker, you need to transfer it to an address you control first.

The first hardware wallet was created in 2013, and in the decade since, some fantastic devices have come to market. Let’s take a look at the best ones.

While hardware wallets offer a lot of security, software wallets are the most popular way to access your cryptocurrency. There are plenty of different options to choose from depending on the particular cryptocurrency you’re looking to store, so let’s look at the best options.