Bitcoin poker legal raises
Posted On 11.07.1969
Receive all Bitcoinist news in Telegram! Will Bitcoin Save USA Poker Players? Bitcoin poker sites have become more and more popular, although they still have low player traffic and, well, the fact that you need to Bitcoin poker legal raises to play on them.
It’s not a comforting idea to play poker with Bitcoins when the currency’s value in US dollars might sink any day. So technically, in many states, you’d still be breaking the law if you played US online poker with Bitcoins. USA banks are prohibited from processing money transfers to and from online gambling sites. While card deposits are a fast and an easy way to deposit money to USA poker sites – especially with VISA-branded cards, which get accepted more often than Mastercard or Amex cards – using a check withdrawal takes weeks, perhaps even months in some cases. So you get the money into your player account fast but you have to wait for a long time to get it back, except for sites like Ignition and True Poker that return your money in 1-2 weeks. And you won’t be able to convert checks into cash if the bank finds out that the money came from an online poker site.
Is it easier to use Bitcoin for Online Poker? US online poker with Bitcoins than it’s to play with current deposit and withdrawal methods that are available to US-citizens. You place a bet by sending bitcoins to one of the addresses listed in the bet options table. I would much rather use the banking methods described above than worry about my currency losing a significant portion of its value overnight.