What you should be aware of before playing with crypto at a poker site
Table of Contents
By Charles Perrin
Crypto has made huge strides over the past few years, but with its various intricacies, it is something that takes time to master. Those who are familiar with its nuances have been more adept at handling it, and it has arguably provided a lift-off for the iGaming industry. Indeed, more people are now using crypto when playing at poker sites and it has gained traction.
However, using crypto isn’t something you should take lightly while at poker sites. This guide has highlighted a few factors you should look out for if crypto is your preferred method.
Latch on to bonuses
The bonuses or promotions act as a snapshot of what you can expect when you sign up for a poker site, and for new players, they can often be highly enticing such as matched deposit bonuses.
If you are using crypto, you may notice that the bonus amount may be much higher than what has been offered for regular cardholders or those who prefer more traditional forms of payment.
Sometimes, a little extra or sweetener will be offered for existing players if they use crypto to bankroll their accounts, and this may even extend to the Refer Your Friend programs. The onus is on players to latch onto bonuses as and when they pop up, but they should also leaf through the terms and conditions carefully, so they don’t leave themselves in for a rude awakening.
Check out transaction speeds
One of the major benefits of using crypto whether it be Bitcoin, Ethereum, or Litecoin, is that players can capitalize on higher deposit limits. Simultaneously, transaction speeds are much swifter than more archaic forms of payment and there are little to no fees attached. Moreover, as crypto circumvents usual banking rules, it is a more convenient option for many players.
Poker sites will be able to process withdrawal requests much quicker, and that is what most players will crave. After all, they won’t want to wait longer than necessary to collect their winnings.
The payment side of things is critical before committing to a site to play. And of course, make sure you can use the same banking method for deposits and withdrawals.
Making things transparent
Playing with crypto has redefined and revolutionized the online poker industry. Perhaps one of the things that has helped poker sites stand out is the level of transparency afforded to players, so they are clear on where they stand before they sign up, and there will be no hidden messages either.
For those who are taking their first tentative steps into the world of crypto, it can be technically complex. Help should be at hand, and this expert guide draws attention to some of the most reputable poker sites that will use popular crypto methods, such as Bitcoin. This includes Ignition which has a video library providing tutorials on how to handle crypto, while Bovada also has an extensive FAQs section that will give players the confidence to get the most from using crypto while playing there.
Assess the Security credentials
Whichever crypto poker site you are thinking of, security is paramount. Using crypto affords players a level of anonymity, but it is also worth scouring a site to see the security credentials that are displayed.
If it is approved by a regulated gambling body, you can be assured that all crypto deposits will be safe. Indeed, many crypto poker sites will utilize and adhere to the latest SSL protocols to ensure players are protected at all times. Those sites that don’t have a security license will act as a red flag, and they should be avoided.
Conclusion
So, there we have it. While this isn’t supposed to be an exhaustive list, this guide is designed to give you a flavor of what to expect when you join a crypto poker site. Transaction speeds, in particular, will catch the eye of new players as they will want to keep their bankroll ticking over, and they won’t want to leave anything to chance.
Crypto is continuing to make waves in the poker and casino industries in general, and while some players may harbor mistrust or suspicions, its impact is undeniable. Now, that you are armed with more information, it’s time to pick a crypto poker site to join. Above all else, always gamble responsibly!