Paying for online poker with Bitcoin in 2023.
You've likely heard about the virtual currency Bitcoin. Bitcoins are created through a process called "Bitcoin Mining" and offer a high level of security for online payments due to their complex encryption. As a result, more and more poker sites accept Bitcoin as a payment method. In this article, we will explain how it works. Payments with this cryptocurrency operate differently, as there is no central bank like with other currencies. Instead, transactions are managed by a public blockchain network. Playing poker online with Bitcoins has its advantages and disadvantages compared to traditional payment methods, and we will outline them for you here.
- Anonymous payment transactions with virtual currency
- A simple and fast method.
- Low fees
Top 3 Online Poker Websites
Test winner
Poker sites are tested and evaluated by the poker experts of our editorial team. Our team follows strict testing guidelines and assesses criteria such as payout speed, game selection, software quality, security measures, mobile gaming, and customer service. Discover more about the editorial team behind poker-6.com.
GGPoker, the first licensed poker provider in Ireland, stands out as a renowned global platform for poker enthusiasts. With its array of enticing promotions, both new and existing customers can enjoy a wide range of regular bonus offers.
Test winner
Poker sites are tested and evaluated by the poker experts in our editorial team. Our team follows strict testing guidelines and examines criteria such as payout speed, game selection, software quality, security measures, mobile play, and customer service. Learn more about the editorial team of poker-6.com.
With an ever-expanding community of enthusiastic players and an array of exceptional bonus offers, 888Poker stands at the forefront of poker sites. Immerse yourself in a thrilling gaming experience, thanks to a vast selection of poker variations and cutting-edge software. This platform guarantees an extraordinary journey into the world of poker.
Peter Schmidt, editor-in-chief
- No deposit bonus
- Daily deals from Wednesday to Friday
888Poker is offering a 20 Euro bonus to all new customers - a perfect introduction to poker without any risk. Upon registration, players will receive tickets that allow them to participate in poker tournaments for free. The tickets will be credited to you gradually, and you will have 24 hours to use the bonus tickets as a buy-in for poker tournaments.
Step-by-step Guide - Depositing with Bitcoin
- Acquiring a Bitcoin wallet for storing and exchanging Euros on a Bitcoin exchange is the first step. The process is typically straightforward and quick. However, it is advisable to research the various providers beforehand.
- Once you have securely deposited your acquired bitcoins in your wallet, which is your virtual purse, you can proceed with depositing them on an online poker site. The wallet provides a unique address that you will use for payment.
- In the cashier section of the poker site, you select Bitcoin as your deposit method. You indicate your desired amount in Euro, and it will be automatically converted.
- In your Bitcoin wallet, you simply need to authorize the payment request and enter the provided numeric code. There is nothing more to do, and the payment will be immediately processed.
The benefits of Bitcoin payments.
The virtual currency simplifies online payment transactions.
Rest assured that your privacy is our utmost priority, as poker sites only require your email and bitcoin address for payment purposes. To ensure secure transactions, deposits will need to be authorized using a unique code from your wallet. You can rely on us to safeguard your personal information.
You only need your sensitive bank data exclusively for purchasing bitcoins on marketplaces, but not at the online casino. Since there is no central bank behind Bitcoin, transactions remain quite anonymous, and furthermore, you do not have to pay fees to third parties.
Deposits and withdrawals on poker sites are typically entirely free of charge. Costs may only arise from the poker site itself and previously from the exchange fee when purchasing Bitcoins. However, these are quite minimal. Comparing the marketplaces for acquiring Bitcoins is always worthwhile though, in order to find the best deal available.
What to consider when making payments with Bitcoins.
The significant benefits of Bitcoin can also turn out to be challenges.
Storing your Bitcoins in a wallet is generally considered to be a secure method. However, it is important to note that wallets are typically located on a device, such as a mobile phone, which can be misplaced or damaged. Consequently, there is a risk of losing access to your Bitcoins.
It is still important to note that Bitcoin, as a new currency, is subject to high fluctuations in value. Therefore, withdrawals from your poker account in Bitcoin are subject to the current exchange rate and can thus affect your winnings.
It is important to keep in mind that Bitcoin payments are irreversible. Once a payment is made, it cannot be canceled or revoked. Additionally, it is worth noting that transfers cannot be retroactively annulled or reversed.
Bitcoin compared to other payment methods
|
Payment method |
|
|
Deposit |
Immediately |
|
Payout |
Immediately after processing time of the poker site. |
|
Fees for depositing |
- |
|
Fees for withdrawals |
- |
|
Security |
Very high |
The top Bitcoin online poker sites for Ireland
Even though Bitcoin has been officially around since 2009, cryptocurrency remains relatively uncommon. However, the digital payment system is gaining popularity, resulting in a growing number of online poker sites that accept Bitcoin. Through rigorous testing, we have identified the top online poker providers that offer Bitcoin payments and have compiled them into a comprehensive list for your convenience. Our top pick for October 2023 is Pokerstars.
Frequently Asked Questions - Commonly Asked Queries
What are the reasons to play poker online with Bitcoins?
Bitcoin is an online cryptocurrency that enables fast and anonymous transactions, making it an ideal payment method for online poker players. It is important to be aware of certain aspects, but in general, the process of conducting transactions is incredibly straightforward and, most importantly, secure.
How do you make payments with Bitcoins?
Paying with bitcoins is incredibly straightforward. To deposit funds on the poker site, you simply select the virtual currency as your preferred payment method, choose the desired amount, and then authorize the payment using the code from your wallet. It's a seamless process that ensures a hassle-free transaction.
Are Bitcoins safe?
Paying with bitcoins is highly secure as they are generated through intricate technologies, making them completely impervious to counterfeit. Additionally, your sensitive information remains protected since, in most cases, all you need to provide when using bitcoins in an online poker room is an email address. Rest assured that your data will be safeguarded, thanks to the advanced encryption methods employed by the bitcoin network. Embracing this innovative form of payment ensures a seamless and secure experience for all users.
What is the cost of paying with Bitcoins?
Deposits and withdrawals using Bitcoins are typically completely free on poker sites. There may be minimal charges incurred when converting euros or other currencies into the cryptocurrency Bitcoin.
How can one acquire Bitcoins?
You can exchange the virtual currency for euros (or other currencies) at Bitcoin exchanges.
