How to Play Poker with Bitcoin
The world just keeps getting better and better at dealing with money. In the beginning, there were coins, which used to be worth the metal they were printed on. Then we switched largely to paper money, and now the move is on to digital. Each step along the way has made doing business a lot easier.
If you’ve already started using cryptocurrency to play at Bodog Poker, you know exactly what we’re talking about. You don’t have to worry anymore about your credit card company blocking your poker-based transactions, or charging you fees along with their sky-high interest rates.
Your deposits and withdrawals at Bodog will also be faster and more secure – if you do it right. Even if you already know how to play poker with Bitcoin (or any of our other digital coins here at Bodog), make sure you’re following our top five tips to get the most value out of your hard-earned money. While we’re giving out tips, here are 10 online poker tips used by pros. Anyway, onto learning how to play poker with Bitcoin…
1. Use a Digital Wallet
You’ll need a cryptocurrency wallet to play Bitcoin poker at Bodog, and you’ve got plenty to choose from. The right wallet for you will depend in part on the size of your bankroll, but unless you’re a super-high roller, we recommend downloading a digital wallet app for the best combination of security and ease of use.
We also suggest downloading that app to your tablet or smartphone – the same one you use to play mobile poker at Bodog is just fine. This will allow you to take advantage of your phone’s QR code reader to quickly scan the Bitcoin addresses you’ll be given for your transactions-in-progress.
By the way, if you’ve never used your QR scanner, it’s probably built into the camera app for your mobile. Just pretend you’re taking a picture of the QR code in question, and the phone will do the rest.
2. Use a Registered Crypto Exchange
You’ll also need to sign up for an account at a cryptocurrency exchange if you want to play poker using Bitcoin, and once again, you have several options. There are peer-to-peer exchanges, where you and your fellow users can send digital coins to each other online; however, it’s better to use a registered cryptocurrency exchange, one that’s been around for a while and has a solid reputation. Like any other money exchange, it’s their business to treat your funds properly while you’re conducting your Bitcoin transactions.
Also, consider this a bonus tip: Avoid using Bitcoin ATMs wherever possible. These ATMs will charge you much higher transaction fees than you would using a registered crypto exchange – not unlike using the ATM at a live casino compared to getting your money from your bank account.
3. Don’t Leave Your Funds at the Exchange
To keep your hard-earned funds even more secure, take the time to move them from the crypto exchange to your bank account whenever you make a withdrawal at Bodog Poker. If you’ve followed Tip No. 2, your funds should be secure while they’re at the exchange, but there’s no benefit to keeping them there. When you use Bitcoin to play at Bodog, we instantly convert your deposits to CAD dollars, and back again when you withdraw. This protects you as much as possible from the price of crypto going up and down.
4. Take Advantage of Features
Bitcoin isn’t just about doing the old things in a smarter way. Using cryptocurrency unlocks a world of benefits that you simply can’t access using standard currencies. Because this is a digital currency, you can move larger amounts at once in and out of your Bodog Poker account. You can also move smaller amounts of money if you’re playing at the micro-stakes and you need to make some micro-transactions.
Using crypto also allows us here at Bodog Poker to pass the savings on to you in the form of souped-up bonus packages. Don’t forget to claim your Welcome Bonus when you make your first deposit with us, and keep an eye on our Promotions page for more Bitcoin bonuses you can collect while you’re taking your poker journey with us.
5. Improve Your Poker Skills
If you really want to get maximum value from your time at Bodog Poker, the best thing you can do to gain an edge on the competition is to get better at poker. No matter what level your game is at, there’s something you could be doing to improve.
This is obviously most important when you’re just starting out. Learning a relatively simplified “ABC” poker strategy, where you size your bets according to the strength of your hand and rarely bluff, will give you the most value while you’re playing at the softer micro-stakes tables.
It’s not too difficult to learn ABC poker, either. We have all kinds of useful strategy articles here at Bodog Poker; there’s something for every level of player waiting in our archive, whether you’re a fish out of water, a seasoned pro, or somewhere in between. Use this information wisely, keep working on your game, and you’ll reap the benefits in the long run.
With those five tips in your poker arsenal, we hope you’re now confident in how to play poker with bitcoin. Best of luck on the felt.