In 2020 and beyond we have seen a significant increase in the number of cryptocurrency casinos available online. Players now have several dedicated Bitcoin casinos from which to choose and that number is only going to get greater over time. Cryptocurrency casinos offer exactly the same type of games as standard online casinos but poker players in particular seem to love playing with cryptocurrency.
The question is, why do poker players love crypto?
Perhaps the main reason why more poker players are choosing to use Bitcoin casinos is because of the simple and efficient money transactions. When playing online poker, you may not always be playing in the country you reside and that can lead to problems when making transactions. For example, when making a deposit to an online poker account, even if you are using your domestic currency, it can sometimes take 24 hours or more for the funds to appear in your account. The transfer times are often longer when it comes to withdrawing winnings, which can be extremely frustrating.
The same cannot be said when using cryptocurrency and Bitcoin transfers are always instant. It is a digital currency, which means there is no third party involved, such as a bank. Gone are the days of having to wait for a deposit or withdrawal when playing poker online thanks to the introduction of cryptocurrency and for this reason alone, it is easy to see why poker players love crypto.
Many online payment methods charge a fee to complete a transaction. If you are a regular online poker player, you could be making several transactions every week and the fees soon start to mount up. When using cryptocurrency, there are no fees involved to deposit and withdraw funds. Therefore, you will never have to think twice before making a transaction and this means you can enjoy playing online poker knowing you are not losing money each time you move funds in and out of your online poker account.
Another of the advantages for poker players when using cryptocurrency online is the security. The encryption surrounding Bitcoin and other cryptocurrency transfers means you do not run the risk of your details or money being stolen. When playing at a regular online poker website, you will be asked to provide your personal details and login to your account each time you want to play but that is not the case when using cryptocurrency. You will never be asked to provide personal or financial details when playing online poker using cryptocurrency.
Not only is that good for security but it also means you can remain anonymous. Many online poker players want to remain anonymous because there is no worry about hackers discovering their identity and using it elsewhere. In the gambling world, there are many famous online poker players and they each run the risk of being targeted by hackers due to the amount of money they are winning in poker tournaments. Playing using cryptocurrency means they can remain anonymous yet still enjoy playing in poker competitions.