{"id":4160,"date":"2021-02-23T15:02:23","date_gmt":"2021-02-23T15:02:23","guid":{"rendered":"https:\/\/www.top10pokersites.net\/?p=4160"},"modified":"2021-02-23T15:02:23","modified_gmt":"2021-02-23T15:02:23","slug":"how-to-deposit-and-withdraw-poker-funds-using-cryptocurrencies","status":"publish","type":"post","link":"https:\/\/www.top10pokersites.net\/blog\/how-to-deposit-and-withdraw-poker-funds-using-cryptocurrencies","title":{"rendered":"How To Deposit &#038; Withdraw Poker Funds Using Cryptocurrencies"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.top10pokersites.net\/wp-content\/uploads\/2020\/12\/poker-and-cryptocurrencies.jpg\" alt=\"poker and cryptocurrencies\" title=\"How To Deposit &amp; Withdraw Poker Funds Using Cryptocurrencies\" width=\"300\" class=\"alignright size-full wp-image-4297\"><a href=\"https:\/\/www.top10pokersites.net\/infographics\/infographic-on-what-affects-the-value-of-cryptocurrencies\">Cryptocurrencies<\/a> proved to be a handy payment method for online gambling sites, including <a href=\"https:\/\/www.top10pokersites.net\/reviews\">poker rooms<\/a>.<\/p>\n<p>Even though cryptos still struggle with mass adoption, the gambling industry welcomed them with arms wide open. As a result, a growing number of poker platforms integrated them for deposits and withdrawals.<\/p>\n<p>However, many poker players are still not sure whether to use cryptocurrencies. Despite being around for more than a decade, <strong>Bitcoin<\/strong> and other cryptos are still considered novel and unreliable.<\/p>\n<p>I agree that they might be new, but I don\u2019t really click with the \u201c<em>unreliable<\/em>\u201d part. If there\u2019s one payment method that proved fast, secure, and reliable \u2014 it\u2019s cryptocurrencies. Still, I understand that people need more time to get used to them.<\/p>\n<h2 id=\"main-advantages-of-cryptocurrencies-for-online-poker-players\">Main Advantages of Cryptocurrencies for Online Poker Players<\/h2>\n<p>Before I tell you how to make deposits and withdrawals from online poker platforms, let\u2019s list the main advantages of using cryptos.<\/p>\n<ul>\n<li><b>Safe and secure<\/b> \u2014 Cryptocurrencies use state-of-the-art technologies which make them virtually impenetrable.<\/li>\n<li><b>Fast transactions<\/b> \u2014 The majority of cryptocurrency transactions are instant. Even if you have to wait, it\u2019s never longer than a couple of minutes.<\/li>\n<li><b>Minimal fees<\/b> \u2014 Cryptocurrency transactions are much more affordable compared to standard payment methods.<\/li>\n<li><b>No intermediaries<\/b> \u2014 There are no middlemen in the transactions \u2014 they take place on a P2P basis, speeding up the entire process and making it more cost-effective.<\/li>\n<li><b>Anonymous<\/b> \u2014 All cryptocurrency transactions are public yet anonymous.<\/li>\n<li><b>Enhanced bonuses<\/b> \u2014 Some online poker sites want to attract more cryptocurrency users by offering enhanced welcome bonuses.<\/li>\n<\/ul>\n<h2 id=\"how-to-deposit-with-cryptocurrencies\">How to Deposit With Cryptocurrencies<\/h2>\n<p>Before I explain the whole process, I\u2019d like to point out I\u2019ll be using Bitcoin as an example. This is because <strong>Bitcoin is the most popular crypto<\/strong>. Therefore, if an online poker site accepts cryptocurrencies, it\u2019s most likely BTC.<\/p>\n<p>The number of poker platforms accepting cryptos other than Bitcoin is much smaller.<\/p>\n<p>So, how does one make a Bitcoin deposit? let me elaborate.<\/p>\n<div id=\"decorativeNumList2\" class=\"decorativeBox\"><div class=\"decorativeNumList\"><div class=\"decorativeContent\"><h3>Get a Bitcoin Wallet<\/h3><p>A cryptocurrency wallet is a piece of software or hardware that stores your \u201c<em>digital gold<\/em>.\u201d Most \u201c<em>hot<\/em>\u201d or online wallets are free of charge, so pick the one you like the most and install it on your PC or <a href=\"https:\/\/www.top10pokersites.net\/mobile-poker\">mobile device<\/a>.<\/p>\n<p>If you want your funds to have an additional security layer, you should buy a \u201c<em>cold<\/em>\u201d or hardware wallet. However, if you don\u2019t have prior experience using cryptos, any reliable software wallet will do.<\/p>\n<p>You will not have to register for a wallet. Instead, you\u2019ll receive a private and a public key. You\u2019ll use the private one to log in and the public to receive BTC (also known as wallet address).<\/p><\/div>\n<div class=\"decorativeContent\"><h3>Get Bitcoin<\/h3><p>If you don\u2019t own Bitcoin (or any other cryptocurrency), you\u2019ll have to get some. You can ask someone you know to send it to you in exchange for <a href=\"https:\/\/www.top10pokersites.net\/real-money\">real money<\/a>. If possible, you can even ask your employer or clients to pay you for BTC.<\/p>\n<p>Still, one of the most convenient ways to get BTC is to use a cryptocurrency exchange. Ensure that it\u2019s centralized since decentralized exchanges don\u2019t accept fiat money (only crypto-to-crypto transactions).<\/p><\/div>\n<div class=\"decorativeContent\"><h3>Open an Account on a Poker Site<\/h3><p>Take a look at our <a href=\"https:\/\/www.top10pokersites.net\/deposit-options\/bitcoin\">top list of Bitcoin poker sites<\/a> and select the one that meets your needs. If you\u2019re not sure which one is right for you, you can read their respective reviews to get a better idea.<\/p>\n<p>The registration process is similar for most of them and requires entering your username, password, email, and more.<\/p><\/div>\n<div class=\"decorativeContent\"><h3>Make a Deposit<\/h3><p>After signing up, you\u2019ll have to select your preferred payment method, which should be Bitcoin in this case. However, if the site accepts other cryptocurrencies, you can pick one of them if you own them and want to use them to make a deposit.<\/p>\n<p>Go to the <i>Cashier <\/i>page and enter the amount you want to deposit.<\/p>\n<p>At this moment, the poker site will show you a wallet address that you need to copy to your BTC wallet and input the amount you\u2019d like to deposit.<\/p>\n<p>Most of these poker sites made this procedure even more convenient, offering a QR code that will execute the deposit as soon as you scan it with your wallet app.<\/p><\/div>\n<div class=\"decorativeContent\"><h3>Get the Bonus<\/h3>This step is optional. If you want, you can receive a welcome bonus after you make a crypto deposit. Some poker platforms will additionally award players who deposit in crypto because cryptocurrencies represent an emerging market that the poker industry can benefit from.<\/div><\/div><\/div>\n<h2 id=\"how-to-make-withdrawals-in-cryptocurrencies-on-poker-sites\">How to Make Withdrawals in Cryptocurrencies on Poker Sites<\/h2>\n<p>Believe it or not, cashing out your winnings using cryptos on poker platforms is much easier compared to many <a href=\"https:\/\/www.top10pokersites.net\/deposit-options\">other payment methods<\/a>.<\/p>\n<p>You just have to select a crypto you\u2019d use as a withdrawal method (Bitcoin in this case) and enter the amount you\u2019d like to withdraw. The poker site will then ask you to enter your wallet address and confirm the transaction.<\/p>\n<p>BTC transactions take a couple of minutes, after which you should be able to see the funds in your wallet.<\/p>\n<h2 id=\"final-thoughts\">Final Thoughts<\/h2>\n<p>Like it or not, cryptocurrencies have been taking over the world, step by step, ever since the first Bitcoin was mined.<\/p>\n<p>The online gambling industry liked the idea of a P2P payment option that makes transactions free and instant. This has led many poker sites to begin accepting Bitcoin and other cryptocurrencies.<\/p>\n<p>This expansion is likely to continue in the future, as there\u2019s a growing trend of playing poker with cryptos.<\/p>\n<p>Are you going to jump onto the crypto train and use all its benefits or wait and see in which direction the industry moves?<\/p>\n<p>After all, there\u2019s still no foolproof way to tell whether cryptocurrencies are the most remarkable financial and technological breakthrough or the biggest Ponzi scheme in the history of humanity. If I were to choose, I\u2019d side with the former, as cryptos have been around long enough to make me a fan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrencies proved to be a handy payment method for online gambling sites, including poker rooms. Even though cryptos still struggle with mass adoption, the gambling industry welcomed them with arms wide open. As a result, a growing number of poker platforms integrated them for deposits and withdrawals. However, many poker players are still not sure&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How To Deposit &amp; Withdraw Poker Funds Using Cryptocurrencies<\/title>\n<meta name=\"description\" content=\"Like it or not, cryptocurrencies are taking over the world, therefore we have compiled a simple guide to help navigate depositing &amp; withdrawing on poker sites\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.top10pokersites.net\/blog\/how-to-deposit-and-withdraw-poker-funds-using-cryptocurrencies\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How To Deposit &amp; Withdraw Poker Funds Using Cryptocurrencies\" \/>\n<meta property=\"og:description\" content=\"Like it or not, cryptocurrencies are taking over the world, therefore we have compiled a simple guide to help navigate depositing &amp; withdrawing on poker sites\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.top10pokersites.net\/blog\/how-to-deposit-and-withdraw-poker-funds-using-cryptocurrencies\" \/>\n<meta property=\"og:site_name\" content=\"Top 10 Poker Sites\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/people\/Top-10-Poker-Sites\/100083090271104\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-23T15:02:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.top10pokersites.net\/wp-content\/uploads\/2020\/12\/poker-and-cryptocurrencies.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Sterne\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/AdrianSterne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adrian Sterne\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.top10pokersites.net\/blog\/how-to-deposit-and-withdraw-poker-funds-using-cryptocurrencies\",\"url\":\"https:\/\/www.top10pokersites.net\/blog\/how-to-deposit-and-withdraw-poker-funds-using-cryptocurrencies\",\"name\":\"How To Deposit & Withdraw Poker Funds Using Cryptocurrencies\",\"isPartOf\":{\"@id\":\"https:\/\/www.top10pokersites.net\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.top10pokersites.net\/blog\/how-to-deposit-and-withdraw-poker-funds-using-cryptocurrencies#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.top10pokersites.net\/blog\/how-to-deposit-and-withdraw-poker-funds-using-cryptocurrencies#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.top10pokersites.net\/wp-content\/uploads\/2020\/12\/poker-and-cryptocurrencies.jpg\",\"datePublished\":\"2021-02-23T15:02:23+00:00\",\"dateModified\":\"2021-02-23T15:02:23+00:00\",\"author\":{\"@id\":\"https:\/\/www.top10pokersites.net\/#\/schema\/person\/845df6bb46bf5c723e7fbfe4aeead0d2\"},\"description\":\"Like it or not, cryptocurrencies are taking over the world, therefore we have compiled a simple guide to help navigate depositing & withdrawing on poker sites\",\"breadcrumb\":{\"@id\":\"https:\/\/www.top10pokersites.net\/blog\/how-to-deposit-and-withdraw-poker-funds-using-cryptocurrencies#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.top10pokersites.net\/blog\/how-to-deposit-and-withdraw-poker-funds-using-cryptocurrencies\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.top10pokersites.net\/blog\/how-to-deposit-and-withdraw-poker-funds-using-cryptocurrencies#primaryimage\",\"url\":\"https:\/\/www.top10pokersites.net\/wp-content\/uploads\/2020\/12\/poker-and-cryptocurrencies.jpg\",\"contentUrl\":\"https:\/\/www.top10pokersites.net\/wp-content\/uploads\/2020\/12\/poker-and-cryptocurrencies.jpg\",\"width\":380,\"height\":250,\"caption\":\"poker and cryptocurrencies\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.top10pokersites.net\/#website\",\"url\":\"https:\/\/www.top10pokersites.net\/\",\"name\":\"Top 10 Poker Sites\",\"description\":\"Top 10 Poker Sites\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.top10pokersites.net\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.top10pokersites.net\/#\/schema\/person\/845df6bb46bf5c723e7fbfe4aeead0d2\",\"name\":\"Adrian Sterne\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.top10pokersites.net\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8f7a1cc3dba77b50b3066739e54abc95?s=96&d=robohash&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8f7a1cc3dba77b50b3066739e54abc95?s=96&d=robohash&r=g\",\"caption\":\"Adrian Sterne\"},\"description\":\"Hi, I am the Chief Editor of top10pokersites.net, this site is dedicated to all thing poker. 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