By now, you have probably read or heard something about cryptocurrency since Bitcoin, Ethereum, and Litecoin are becoming more popular among the common people. What you probably did not know is that there has been a cryptocurrency poker scene for almost as long as these digital coins have been around. If you want to play online poker and want to know all about depositing with Ethereum then read further!
Why Play Online Poker?
Before we dive into the details of the benefits of using Ethereum for online poker, we want to first highlight some of the benefits of playing poker online.
Probably the number one reason why most players play poker online is that they can play the game whenever and wherever they want. Because of the advanced mobile technology, you do not need to be sitting behind your desktop to play poker online. You can also play wherever you are on your mobile phone or tablet.
Another reason why people like to play online poker is that there are always players available. Many poker rooms and poker websites have thousands of players who play a lot and often. This means you never have to wait for enough players. You can join whenever you want!
Benefits to Using Ethereum for Online Poker
So, you might be wondering. Why would I use my cryptocurrency as a deposit method to play online poker? First, it is easy and less complicated. You simply go to the cashier, select the deposit money and your money is transferred instantly into your poker account.
Secondly, the current value of Ethereum can make your profits look even better. On one day Ethereum will be worth a little more than the other day. Given the price movements of recent years, the price of Ethereum is expected to rise further, rather than fall.
So, if you win Ethereum while playing online poker, and if you want to convert it into dollars after you have transferred it to your Ethereum wallet, you can also earn extra money when the price of the Ethereum has suddenly risen sharply.
Lastly, depositing money at an online poker room should of course not only be easy but also safe. Whether you can play safely at an online poker room with Ethereum? It is important to know that the payments are simple and secure.
How to Make Deposits with Ethereum
Making deposits with Ethereum is like making deposits with for example credit cards or eWallets but faster. A deposit with Ethereum only takes a few seconds.
You simply log into your account with your registration details. You enter how much ETH credit you want to use. Subsequently, you make the transaction via your Ethereum e-wallet and log in to confirm the transaction via a secure connection. That is it. You can now play with your Ethereum credit to beat your online poker opponents.
How to Cash Out with Ethereum
Poker rooms that accept cryptocurrencies as deposit methods offer you a chance to gamble completely anonymously. You do not have to provide any personal information! This does not only apply to the deposit process, money won can also be paid out without verification. You just go to the cashier section of your online poker room and select Ethereum as the withdrawal option. Make sure you are selecting your Ethereum eWallet and your winnings will be in your possession instantly.
The biggest advantage of this all is that your data remains private: no one knows that you have played poker online. Your winnings feel even better when you realize that your data cannot end up in the hands of the wrong parties!
Where to Play Online Poker – Ignition Poker
Even though depositing with Ethereum is gaining popularity will not mean that every online poker room accepts Ethereum as a deposit or withdrawal method. The number of poker rooms is growing as they are seeing the benefits of accepting cryptocurrency as a legit payment method.
Ignition Poker is one of the few poker rooms that is ahead of the game and accepts Ethereum. If you have Ethereum in your possession and you like playing poker online, we recommend you choose Ignition Poker. This poker room is well known among a lot of online poker players because of the high number of players playing. At every time of the day, you can find a cash game, sit ‘n go or other tournaments without any waiting line.
Pro’s & Cons to Playing on Ignition Poker
Since 2016, Ignition poker is building a good reputation for itself. The good news is that Ignition Poker accepts cryptocurrency as deposit and withdrawal methods. Another good thing about Ignition Poker is that you will not have to search that long to find a table full of ‘fish’. The reason for the presence of a high number of novice players is because of the nature of Ignition Poker’s site. Ignition Poker is part of Ignition Casino and typically what you will see is that players who are bored playing slots will try to play poker. You can grab a generous first time deposit bonus by clicking here.
The price of Ethereum is difficult to predict. The price of the digital coin was around $100 in March 2020 and three months later again at $300. Playing poker with cryptocurrency is therefore unpredictable in many ways. You can win an amount of $200 at the poker table and return a week later to find that the amount has increased by 100 dollars. Therefore, always stay calm and try to keep a close eye on the price!
We can clearly say that the biggest advantage of depositing and cashing out with Ethereum is that you do not need to send any documents to verify your documents. This is the main reason why it can sometimes take up to several business days before you get your winnings.
So, if you like online poker and you have not yet considered using your Ethereum, we highly recommend you reconsider as it can surely help you boost your bankroll in a short period of time.