Which Cryptocurrency Is the Best to Use When Playing Poker Online?

Cryptocurrency exploded onto the financial scene in 2009, and has been growing in popularity ever since. In its beginnings, there were not many uses for crypto, and most owners of the currency only collected it or traded it. Nowadays, however, cryptocurrency is accepted as a form of payment for many different services, online gaming and casinos included!

There are many digital assets that can be used to fund your online poker games, but are some better to use than others?

The Perks of Using Crypto for Online Poker

Even though lots of people still enjoy playing poker in retail casinos or via apps that use traditional currency, it's becoming more and more common to choose to play using cryptocurrency.

In some parts of the US and other countries around the world, it is not possible to play online poker with fiat currency, which (up until recently) means traveling to places where it is permitted or using offshore apps. The integration of crypto with online casino games on sites like these has enabled crypto or gambling enthusiasts to play poker without having to worry about any of this - deposits, withdrawals, bonuses, rewards, and more, can now all be made using cryptocurrency!

Security

Whenever we use the internet, security and privacy should be the first consideration to make. Using crypto to play online poker or other casino games is a sure-fire way to guarantee the anonymity of personal and financial details. This is because paying with cryptocurrency bypasses any third parties and protects from malicious activity.

Popularity

Of course, the popularity of a cryptocurrency is never a sure thing, but there are some that are more reliable than others. The more that a crypto is used, the better bonuses and rewards schemes that online crypto poker games can offer to their players. Often, these incentives can be a lot more impressive than games that use fiat currency.

Accessibility

Cryptocurrency is becoming more accessible, with lots of online poker sites accepting many different types. It’s always safest, however, to go with a well-known and widely used pick, like Bitcoin or Ethereum. Gamers will go with one of these safer choices because they feel more confident that they’ll be able to liquidate their earnings if or when they need to.

Speed

The faster a currency can handle the speed of transactions, the better. In general, crypto has a good reputation for this, with the majority being able to process deposits and withdrawals quickly enough to not disrupt the flow of the poker game.

Bitcoin

Bitcoin, the “pioneer of cryptocurrencies”, has been around and in use since 2009. Because of its wide use and popularity, it’s a great coin to use to fund your online poker account. Virtually all games will accept Bitcoin as a form of payment, and many of these only require deposits as small as $10 or $20 equivalent in BTC.

To use Bitcoin when playing online poker, players will need a Bitcoin wallet. The wallet acts as a way to store all coins, and needs to be accessed before any transactions are made. In this way, it acts a bit like a third party app, but is definitely worth it for the added security and peace of mind.

Ethereum

Lots of poker players choose to use Ethereum to top up their online accounts, and for good reason. Like many other forms of cryptocurrencies, transactions using ETH are very secure and private, requiring few personal details from the person making the payment. As well as this, using crypto like Ethereum to fund online poker doesn’t require any third parties. Deposits and withdrawals can be made directly between the player and the game, without having to deal with banking or credit card apps.

Dogecoin

Although it initially started out as satire, Dogecoin is now one of the most successful cryptocurrencies in the global market. It benefits from high speeds, which are useful for transactions in online poker games, and lower transaction fees than other digital currencies like Bitcoin.

Dogecoin is also known for protecting the anonymity of its users, which can come in handy when used to play online poker. Gamers can make deposits or withdrawals using DOGE, and rest assured that their private details aren’t being shared with any other parties.

Litecoin

What makes Litecoin such a popular choice by online poker players is its reliability. It has been around since 2011 and isn’t a particularly volatile type of digital currency, and is known for its very quick transaction times. When used to fund an online poker account, this has its advantages, as any withdrawals or deposits are more or less instant. Speedy transactions are essential to playing online poker, as anything else will interrupt the gaming experience.

Before using Litecoin (or any other crypto coin) to finance an online poker game, players should check to see if there are any associated fees. Some cryptocurrencies may have significant costs, usually related to mining coins, which can eat into gaming balance.