Cryptocurrency poker is quickly becoming one of the most popular online games that revolve around cryptocurrencies. it’s also one of the most accessible to start playing because of how simple it is to get started with a virtual wallet and buy cryptocurrency as well as play with real money on an online poker site that accepts crypto payments.
As crypto gambling becomes more and more popular, more and more sites are emerging that offer various kinds of cryptocurrency poker rooms – so finding the right one for you can be difficult at times, however, we have compiled a list of some of our favorite sites that accept cryptocurrency as payment for entry fees and chip purchases, cryptocurrency poker is still relatively new but it’s only going to grow in popularity even more so over time, which is why we wanted to share our knowledge on everything you need to know about starting your crypto journey as a player.
What is cryptocurrency poker?
Poker is effectively played in cryptocurrency poker, except instead of using dollars or other fiat money, players use virtual coins, depending on which wallets they allow, different poker sites will provide different coins for you to pick from. Bitcoin, Ethereum, and Litecoin are the three virtual currencies that poker players most frequently use.
In contrast to traditional online poker, where the chips you use are actual cash, in cryptocurrency-based poker rooms, you purchase chips using digital currencies, which you can then use to play poker with other users at the poker site, if you win a hand, you have the option to cash out your winnings by returning the cryptocurrency you used to purchase the chips to your online wallet, where you may then withdraw it and use it to enter your next poker tournament.
How to get started with cryptocurrency poker
Setting up a virtual wallet so you can store the cryptocurrency you purchase is the first thing you should do if you’re just getting started with cryptocurrency poker, you can carry out this action by using your favorite cryptocurrency exchange, where you can purchase the coin of your choosing and add it to your digital wallet.
Additionally, you’ll need to create an account on one of the many bitcoin poker sites available, visit the poker website, and register for an account- create a poker client in which you will deposit your cryptocurrencies after making your account and buying chips once you have purchased the necessary number of cryptocurrencies.
Poker pros and cons of playing in a cryptocurrency poker room
One of the main advantages of playing poker in a cryptocurrency poker room is that you only need a little quantity of cryptocurrency to start playing poker for real money, the majority of websites will provide you a starting balance of cryptocurrency that you may purchase with your preferred virtual currency and while you play, you’ll earn points that you can use to purchase additional cryptocurrency; when you play on a bitcoin poker site that offers it, you can receive Rakeback in addition to your profits, just like you can on the conventional online poker room, you have to trust the website with your bitcoin, which is the only real drawback of playing in a cryptocurrency poker room, and it has happened more than once for hackers to gain access to the sites’ wallets and take the virtual currency, and it’s unlikely that this will happen to you though because the majority of poker sites have strict security measures in place.
