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The popularity of cryptocurrencies is growing rapidly. They are being used more frequently because they make transactions faster and safer. Since one of the objectives of online casinos is to make the transactions as secure as possible it’s no wonder many casino platforms have incorporated the use of cryptocurrencies, such as Bitcoin and Ethereum.
More cryptocurrencies are on the rise, but not as much as online casinos. The competition among them is fierce and they are always looking to find a new to attract more customers. Their policy on free spins and bonuses gets them players that like casino games for the fun of, but beginners as well.
Since beginners don’t know how to play a game the sites usually have manuals that explain how to play online poker, blackjack or any other table game in detail.
Sometimes beginners might feel like they need to know more about a certain game to get the best out of it. For example, if your favorite game is online poker then you’ll find plenty of articles online that give tips on how to get more bonuses, how to manage your winnings, which mistakes to avoid and which strategies fit your skill. If you make a strategy that works and test it to see if it works then you might become a very successful online poker player.
Poker is a generally popular card game and will continue to be one. Because people like playing it so much, it was one of the first table games to get a new look online. Today many variants of poker exist. They are coupled with various bonuses that you can’t get in a land-based casino. Since technology is moving forward, the casino industry likes to move with it which is why they are looking to implement VR in their games.
Besides the industry’s keeping up with technological trends, online casinos have strict regulations imposed on them and face problems with transactions every day. One of the ways of dealing with them is by introducing cryptocurrencies.
What are the benefits of using cryptocurrencies in online poker?
The benefits of using these types of currencies are many and they solve some of online poker’s most important issues. Safety is the first benefit and feeling more secure is always a plus. Another advantage of using cryptocurrencies in online poker is the speed of withdrawals.
Most poker websites take three to five days to process the withdrawal of regular currency. Unlike slow bank transfers, transactions with cryptocurrencies can be done in less than 24 hours and they can also be transferred from your account to your cryptocurrency wallet instantly.
The best thing about cryptocurrencies is that you don’t need to go to a bank to get a cryptocurrency account. All you need to do is download the wallet and store your cryptocurrency in it. There are many wallets to choose from so you should find one that best suits your needs.
Most online poker rooms require you to make an account to use their services, but you can retain your anonymity when playing with cryptocurrency. Another thing that great about them is that you pay less rake and you can get more rake back which is largely dependent on the rake the site is using. So if you find the right site you might get more out of it.
Although online poker sites are heavily regulated, nothing is stopping new sites from becoming popular. Similarly, you don’t have to stick to one cryptocurrency. Besides BitCoin, other currencies offer perks that BitCoin doesn’t have which is why different poker websites use different cryptocurrencies. Players benefit from the best offers and poker rooms have more players thanks to those offers.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.