If you have long been a fan of poker, you will know that the new crypto take on this traditional game has been all the craze in the industry. With the rise and seamless entrance of crypto into a variety of industries, poker has been no exception.
Given the fact that it is mostly the same as traditional poker, this new variant is not difficult to get used to. The majority of changes that take some getting used to come down to finding a reliable casino and the setup that goes in advance of throwing some poker rounds online.
With popular terms like crypto poker, online casinos, and play poker with bitcoin amassing more and more interest among recreational and professional players across the world, it is safe to say that crypto poker is an exciting and popular investment that is here to stay.
So, what are the features that are making crypto poker turn heads, and what are the benefits that you can expect if you choose to give it a try for yourself? Without further ado, let’s jump right into this topic and uncover whether it is worth your time, money, and attention.
Crypto poker has several advantages over traditional poker, including the fact that it is faster and more secure. Crypto transaction times are significantly shorter than conventional payments, so you can rest assured that your winnings will be transferred to your account in a matter of seconds. Additionally, crypto transactions provide an extra layer of security due to their decentralized nature.
Crypto Poker Explained
While online gambling has long been incorporated into the world of gambling, crypto poker poses a relatively new and absolutely exciting addition to the poker industry. By its nature, it uses cryptocurrencies as opposed to traditional casinos that only accept regular currencies.
In essence, it is the same as your usual poker except for the fact that you will be relying on cryptocurrencies. The currency used will depend on the online casino of your choice. Most casinos that you will come across are open to Bitcoin (BTC) which is, of course, largely regarded and confirmed as the most widely adopted currency in the entire world of crypto.
Powered by the development and implementation of blockchain technology, this new variant has achieved several breakthroughs. These breakthroughs include increased safety, player anonymity, quick payoffs, and availability regardless of time and location. The only stark difference between traditional and crypto will be the medium through which you play.
Benefits of Crypto Poker
The success of crypto poker lies in the benefits it has to offer in comparison to traditional poker. One of the most obvious ones is the fact that you no longer have to leave your house and can now play from the comfort of your home at any day and time.
This is especially important as you can now bypass geographical limitations and join the ranks of players across the world, whether just for practice and fun or for financial benefits.
Another important advantage is the fact that you remain anonymous while playing. This means that you can freely indulge in the game, as your opponents do not know your identity. This is pretty great if you’re still practicing putting your best poker face on.
Another key feature is the fact that withdrawals are insanely fast, or should we say instant, unlike traditional poker. Moreover, playing with crypto is much safer than walking out of a casino with a newly found amount of money, right? Exactly. This is probably one of the most important strong points that crypto poker has to offer. It is much safer.
Cons of Crypto Poker
Of course, there is no perfect way to bet and the same goes for crypto poker.
First of all, it is worth noting that with crypto poker you are always at risk of getting scammed. This means that finding a reliable casino should be your number one priority. Cryptocurrency casinos don’t have to comply with the same safety regulations as regular ones, so make sure to double-check on their reputation before indulging in crypto poker games.
Another downside is taxes and fees which can be pretty high when playing with cryptocurrencies due to their volatile nature. Finally, if you’re new to the world of crypto currencies you may find yourself spending more time learning how they work than actually enjoying the game.
At the end of the day, it all comes down to your personal preference and the type of poker experience you’re looking for. Crypto Poker has a lot of potentials but also some risks that you should never overlook.
Is Crypto Poker the Future of Poker?
While no one expects traditional poker to be fully pushed outside the picture, crypto poker is proving itself to be a worthy addition to the industry. Allowing players to join regardless of time and geographical location is making it a serious option for pro and recreational players.
With blockchain technology expected to further develop, and cryptocurrencies being increasingly incorporated into the real world, it is difficult to see how crypto poker might flop. It only takes one look at giant companies that have already started accepting crypto to understand how big and significant of an impact crypto will have all around.
For example, Microsoft, Twitch, Etsy, Overstock, PayPal, Whole Foods, Home Depot, AT&T, Rakuten, and Norwegian Air are among the companies that have started accepting crypto as a form of payment. Although this doesn’t stand true for all currencies, it is a significant move.
This all goes to show that crypto might just be the future of finance, turning crypto poker into the future of poker. Sure, you will still be able to normally play in your favorite casinos, but the world of crypto poker seems too good to pass on, both now and in the future.
From comfort to anonymity and safety, crypto poker surely packs a lot of great benefits that are worth exploring. So, why not give it a shot? Who knows, maybe you’ll be the one making waves in this industry!