Cryptocurrency is all about a new payment system. Today various gaming platforms are engaging themselves with cryptocurrency to make secure and immutable transactions. This currency has now intrigued the poker operators that they have been looking for such poker game development companies that can deliver them a full-fledged poker game software integrated with cryptocurrency.
Why Cryptocurrency is Gaining Popularity in the Online Poker Game Industry?
This cryptocurrency based poker game is the new highlight and demand of the online poker game operators because this currency overcomes the limitations of credit cards and bank deposits. It also provides anonymity, immutability, privacy, and security to the transactions made by the poker players.
If you are not aware of how to leverage the advantages of cryptocurrency for the poker game industry, then here we are preparing a step by step procedure to help you to understand the process of integrating cryptocurrency to use it for playing online poker.
Step-by-step Guide to Integrate Crypto Currency in Online Poker Website
Step 1: Register an account on an exchange
If you don’t have a crypto exchange account or BTC wallet without bitcoins, then you need to buy bitcoin first. You need to register an account on an exchange and add them by any deposit methods available on the exchange. The other way is to look for a friend who can send some bitcoin to your BTC wallet address.
What is an Exchange?
An exchange can be treated as a store for your BTC. It can be also considered as a marketplace where you can trade USD or EUR against bitcoin or other cryptocurrencies. Most exchanges ask for your proof of identification such as Government ID proof, PAN card or Driver License, or many more.
We recommend only major exchanges that are legalized in most countries. This is considered a non-reputable exchange which can be quite risky. The most popular exchange alternatives are Coinbase, Binance, Uphold, etc.
Step 2: Buy cryptocurrency
Once your identity is verified against your exchange account then you can start purchasing crypto like bitcoin or ethereum. You need to top-up your exchange account with USD or EUR through bank transfer, credit card, or debit card deposit where transactions with credit and debit cards usually get processed within minutes, and bank transfers take 1-4 business days to reflect in your account. Please note that, once you have bought the bitcoin, the value of the coins can fluctuate between up and down.
Step 3: Open a crypto wallet
There are few exchanges that have their own wallets that players can use to make a deposit to start playing on online poker websites with cryptocurrency. Though we will highly recommend creating a separate wallet in case you want extra security for your crypto coins. Crypto wallets are be divided into 5 groups: Online, mobile, desktop, hardware, and paper wallets. For online poker game account with crypto, an online wallet is usually the best solution as they’re free to create. We recommend such wallet apps where a debit card can be used for spending and supporting multiple fiat currencies with crypto.
Step 4: Transfer crypto to a wallet
Now, select the correct amount you want to send from the exchange, then add your wallet address to the exchange transfer application. Confirm the transaction by using two-factor authentication.
Step 5: Sign-up to an online poker website
Now look for those online poker websites that accept cryptocurrency as deposits and get yourself register there.
Step 6: Transfer Cryptocurrency to your online poker account
Now, go to the cashier or your poker account and choose bitcoin deposit. Enter your preferred deposit amount, copy the poker site’s BTC wallet address and paste this address in the send form of your crypto wallet and click send. You just need to wait not more than 15-30 minutes after initiating the transaction, to reflect the updated amount of your poker balance.
You are all set to enjoy and play some cryptocurrency poker!
Frequently Asked Questions
1. How to play online poker game with bitcoin?
The first step is to find such an online poker room that accepts cryptocurrency or bitcoin deposits and then follow this step by step guide.
2. Are poker sites that accept cryptocurrency deposits legal?
Yes, Any licensed online poker sites accepting cryptocurrency deposits are legal. Bitcoin or cryptocurrency is just another form of payment for poker websites. If you can legally play on a poker site with USD or EUR, you can play with cryptocurrency as well.
3. How long do deposits and withdrawals take with Cryptocurrency?
Cryptocurrency deposits are credited to your poker account instantly. However, the withdrawal procedure with cryptocurrency may take 1 to 48 hours on different cryptocurrency poker sites that accept crypto deposits.
