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Bitcoin Gambling - A New Era

Posted Apr 15, 2014 by tedmark
Gambling with crypto currency such as bitcoin has become the new fad with some of the major players of this bitcoin gambling being online gambling sites.

FOR IMMEDIATE RELEASE (Press Release) Apr 15, 2014 -- Gambling with crypto currency such as bitcoin has become the new fad with some of the major players of this bitcoin gambling being online gambling sites. Since these involve exchange of digitally encrypted bitcoins it leads to easy and non traceable source of income. Poker in itself has been a very interesting draw among all the gambling sources. Bitcoin poker has gained fame as one of the most betted game among all involving bitcoins. Many online gaming websites lists top poker playing rooms where you can compare most popular poker rooms and avail of any available bonuses and rake-back.
The ability to make anonymous deposits and withdrawals makes bitcoin poker appealing to people. Since bitcoin is not considered as legal currency by law, there is no central body governing its transactions. This means money transactions are cheap and faster compared to other money transactions through banking system. Bitcoin gambling has become the new trend with many online companies offering you fast deposits and withdraws with a bitcoin wallet on your hard drive. All you need is to be familiar with your bitcoin exchange that can take place only between two bitcoin addresses.
Once you have a bitcoin wallet, you can ask other business people with bitcoin addresses to transfer money. Even you will be able to send bitcoin or deposit funds in a bitcoin poker website. You need not be online all the time since your wallet is available permanently even when your computer s off. There are two ways of purchasing bitcoin. Either you ‘mine’ bitcoin through computer or you buy from an exchange. This purchased bitcoin remains in your exchange account for use. Once you are the owner of some coins you can start with your bitcoin gambling activities.
You can deposit your bitcoins in any chosen bitcoin poker room. Once you deposit your bitcoin, the room will suggest you address to transfer your bitcoins to. These transfers are much easier and faster with your cashier. You need not wait for days or months as in the case of real money transfers. In bitcoin gambling, your bitcoins can be broken to many smaller parts to make playing poker simple. 1000 chips are equal to 1BTC. Bitcoin gambling is also possible through an Android phone once the application has been downloaded since the procedure for acquiring the currency remains the same.
Market for bitcoin gambling is growing rapidly due to easy accessibility of these games. Laws regarding depositing funds for online poker vary from state to state. Since it is virtual decentralized currency it is totally anonymous and unregulated. This makes playing bitcoin poker in online gaming outside the purview of legal issues. There are many cons to bitcoin poker gambling too and what you need is awareness about what it entails in online gambling websites since there may be sites that have been unable to pay back the players. Moreover, since there is no regulatory body governing this game, poker players using bitcoin can be at potential risk.

With many online websites offering bitcoin gambling facility, all that interested parties need to do is check the concerned website in terms of reliability and usability before launching into a full-fledged gambling activity. Amongst the available options, a particularly interesting version is that of bitcoin poker wherein the game can be activated simply by transferring appropriate currency to the poker room.
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Issued By : tedmark
Country : United Kingdom
Categories : Entertainment
Last Updated : Apr 15, 2014

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