If Blockchain Poker manages to overcome the traffic challenge that all online poker newbies face, you have an extremely lightweight client for anonymous bitcoin poker games. Some sites, such as Black Chip Poker, Intertops and SportsBettingAG will provide this address in their cashier and convert your incoming bitcoins to USD, while others, such as Nitrogen Poker and SwC Poker, will hold your balance in bitcoins for you to play with. Unlike other implementations of Bitcoin in online poker, money held in WinPoker's cashier will be converted into the traditional currency of the player's account as soon as it is received - WinPoker allows accounts in USD, UK Pounds Sterling, Euros and the Indian Rupee - so the player does not have to speculate in the tumultuous Bitcoin exchange market. Bitcoin has long been touted as the "killer app" for online poker, but only recently have major online poker sites taken a gamble on the cryptocurrency.
I have received a few Bitcoin poker withdrawals from Gemini within hours and have never waited more than 24 hours. The price has not only bounced back to what it was when I received it from the bitcoin poker site, but then it shoots way beyond that. Unless you already have a bitcoin poker account set up, you can do this by filling in your details on online poker sites that accept crypto deposits. This step-by-step guide to playing poker with bitcoin offers a comprehensive education in using the most popular virtual currency to play online poker.
This is the first time a poker room on any major online poker network has added top-notch Bitcoin support to the cashier. I've seen many bitcoin poker sites (and even poker site operators) try to sell players on Bitcoin because it's anonymous. If you are a veteran of a poker or Bitcoin forum, you could also ask for recommendations of a trusted member who can make a personal PayPal or poker site transfer for the Bitcoin transaction. According to The PokerBank's Bitcoin Poker Guide, withdrawal times vary between 1 and 48 hours at different bitcoin poker sites that accept cryptocurrency deposits.
When you send Bitcoin to a poker site it is a direct transaction between you and the poker site using a currency they do not control. Another option to get free Bitcoin is to play freerolls at a poker site like Americas Cardroom or Black Chip Poker and withdraw your winnings in Bitcoin.