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Open New Bank Account for Online Poker Bitcoin Withdrawal?

Unfortunately, bitcoin is the only option I have to withdrawal on one of my online poker networks.
I have 15K total in withdrawals, 5k each time into bitcoin wallet.
Is it safe to open a new bank account, and then withdrawal the bitcoins from bitpay to my new bank account?
I read a lot of banks don't like bitcoin and I don't want my funds to be permanently frozen.
I'm too scared to use my existing bank account in fear they close it.
Any suggestions?
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Open New Bank Account for Online Poker Bitcoin Withdrawal? /r/Bitcoin

Open New Bank Account for Online Poker Bitcoin Withdrawal? /Bitcoin submitted by BitcoinAll to BitcoinAll [link] [comments]

Play Online Poker with Bitcoins

Play Online Poker with Bitcoins
Bitcoin (or BTC) is a decentralized virtual currency which is traded in the same way as currencies or bonds, except that for the storage of Bitcoins it is necessary to download an “electronic wallet”. According to Bitcoin there is no person, company or government that controls Bitcoin, so it requires users for its operation and the greater the demand, the greater its value. One of the main attractions of Bitcoin is its possible anonymity which allows the user to buy, pay and sell products and services without the intervention of any bank or financial institution.
Best Online Casinos to Play Bitcoin Poker of October 2020
In its beginnings, in 2008, Bitcoin did not obtain great popularity, but little by little it began to be adopted by more users and companies. It was in 2011 that the newspapers began to read about Bitcoin, since then companies of great international impact have begun to open their doors to transactions with Bitcoin, some of these companies are: Dell, Overstock and Microsoft.
The increasing adoption of Bitcoin by multinational companies spurred a reaction from government entities, with each country taking very different actions. In August 2013, the German Finance Minister declared Bitcoin as a "unit of account" which can be used for private transactions, which allowed Germany to control this virtual currency. In December 2013, the Chinese government prohibited banks and financial institutions from transacting with Bitcoins due to security and transparency issues. This government action caused a considerable drop in the value of Bitcoin since users in this country could not change their Bitcoins to the local currency. The United Kingdom and the European Union have also recognized Bitcoin as a type of currency and every day this cryptocurrency is accepted by more countries. However, each specific case must be analyzed, for example: in the case of the United States; Bitcoin is not considered a digital currency but rather a taxable product.
Buying Bitcoins for the first time can seem a lot more difficult than it actually is. There are many methods to acquire Bitcoins, the most practical is to acquire them directly from an exchange house or Bitcoins exchange houses. Their names denote their difference, in exchange houses you will go to a provider who will sell you Bitcoins for your local currency, while in exchange houses you interact with other users to exchange Bitcoins for real money. Bitcoins transactions can last from 10 minutes to several hours and are made through a Bitcoin address (similar to mail methods, only the address in this case is a series of numbers and characters), once you receive the transfer you must move your Bitcoins to your electronic wallet before you can use them.
In short, that's how easy it is to use Bitcoins:
· Bitcoin is a virtual currency that is stored in an electronic wallet.
· The value of Bitcoin is decentralized so it fluctuates depending on its demand.
· You can make a Bitcoins transfer in seconds and its verification takes about an hour.
· Once a Bitcoins transfer has been made, it cannot be reversed
· For the most part, Bitcoins transactions are not subject to fees or commissions.
For more detailed information, you can consult the Wikipedia site on Bitcoin here
Sites to play online poker with Bitcoins
Online poker sites have become more popular every day and since the use of Bitcoin is anonymous, decentralized and more or less instant transfers, online casinos have recognized in this cryptocurrency an excellent potential to attract new customers.
The way Bitcoins are used to gamble online divides casinos into two categories: exclusive Bitcoin poker sites and online casinos that accept Bitcoin. So, what is the distinguish between using an online casino that accepts Bitcoins and using a Bitcoin casino to play poker?
Differences between Bitcoin poker and poker sites that accept Bitcoins
There are several differences between using an online casino that accepts Bitcoins and a Bitcoincasino, here are the most important ones:
The great differentiation between these types of online casinos will be the total offer of payment methods to enter or withdraw funds from your casino account, Bitcoin casinos do not accept other payment methods other than Bitcoin transfer, while traditional online casinos They will offer you other payment options such as a bank account or PayPal.
The expenses for using exclusive Bitcoins casinos are minimal and normally there are no fees for withdrawal of funds, contrary to the case of online casinos that accept Bitcoins as one of their payment methods since they most likely will charge you some commission.
Another great advantage of choosing Bitcoin casinos over online casinos is anonymity since you will not need to link your email or personal data to create an account. In addition to the convenience that this anonymity provides, it also streamlines the transfer process in relation to online casinos that require documentation. You should consider that this anonymity also makes Bitcoin casinos vulnerable to security problems with other users.
The game offer does not vary much between a Bitcoin casino and a traditional online casino, the most popular are: poker, roulette, slots and dice. Some small Bitcoin casinos do not turn to typical gaming providers like Playtech and Bets off as they tend to look for smaller providers that you may not have seen before.
Some of the most relevant Bitcoin casinos are: PokerStars, SWC Poker, Bitcoin Casino and Bit casino.
Pros of using Bitcoins when playing online poker
Transfer money to and from your online casino account
The requirements are basically the same as those of any traditional form of payment, of course you must have the electronic wallet software to use Bitcoins, but remember that withdrawals with this cryptocurrency they are usually much faster.
User anonymity
This advantage applies or not depending on the online casino you use, if when you sign up they only ask for information about your Bitcoin account then you will enjoy complete anonymity, however if you need to fill in personal or banking information to register at the casino then this benefit will not apply on that platform.
American users can use Bitcoin
Since Bitcoin is not recognized in the United States as a currency, it can be used as a means to enter and withdraw funds from an online casino account, remember that in the United States the laws vary a lot from one state to another so if you are an American user make sure you know the laws of your state in relation to online gambling before registering on a platform.
The double bet with Bitcoin
Many players opt for Bitcoin to place their bets since there is the possibility of winning some money depending on the exchange rate of Bitcoin when it comes to changing it to their local currency. This is why when used as a payment method for an online casino account, it is considered a double bet.
Best Rake backs
It is normal for Bitcoin casinos to offer better rake backs to their users since their expenses when using Bitcoin as the only payment method are lower, however this applies only to exclusive Bitcoin online casinos.
Cons of using Bitcoins when playing online poker
Where there are advantages, there are also disadvantages, here are the main cons you should consider when betting with Bitcoins.
Bitcoin-exclusive online casinos are sites without regulation or oversight
In the absence of a regulatory entity, it is hard to believe the promise of these casinos to use random platforms and take care of your funds. You must be much more careful when choosing an exclusive Bitcoins casino than a traditional online casino, the reputation and opinion of other players will be very important when choosing a Bitcoin Casino.
Another factor that you should take into account is that the lack of regulation of gambling with Bitcoin does not mean that you are exempt from following the gambling regulations of the place where you live, especially in the case of the United States, where the government has previously intervened in activities of bets regardless of the means of deposit or withdrawal of funds from the companies.
The fluctuating value of Bitcoin
The value of Bitcoin can vary both upward and downward. Its value can change in a matter of hours, and the behavior of its value is not so similar to that of currencies such as euros, dollars, pounds or pesos, but is more similar to the behavior of products such as oil, gold or wheat,
Relative anonymity of Bitcoin
While it is possible to register to exclusive Bitcoin poker sites without giving personal information, the use of Bitcoins can be traced through the blockchains to a personal account.
Lack of support from financial institutions
Being a decentralized currency, Bitcoin is not backed by financial institutions or government, which gives you less support as a user. If there were to be a problem with the Bitcoins system, there would be no government intervention as would happen in the case of a bank. Of course, you should consider that it is thanks to this lack of intervention that transfers with Bitcoins do not charge fees or commissions.
Being a virtual currency it is susceptible to cyberattacks.
While the programming behind the Bitcoins System is sophisticated, so are the hackers' systems. In 2013, the UK Crime Agency reported that several users of this cryptocurrency had been victims of cyber extortion, after receiving an email their computer was infected with a virus and later they were sued for some bitcoins to repair the virus on their computers. Unfortunately there are more cases like this, in Europe a payment provider lost more than a million dollars after a cyberattack.
All transactions are final
Remembering that there is no intervention by financial institutions, it becomes evident that it will be difficult to file a dispute in the event of a transfer error, so you will have to be much more careful.
Playing poker online is a game of both chance and strategy. For some bettors it is exceptionally alluring to utilize Bitcoins since they have the chance of expanding their benefits as indicated by the Bitcoin swapping scale.
For many, traditional online casinos play poker with bitcoin will continue to be the best option due to the reliability and regulation of their transactions.
What cannot be denied is that the use of Bitcoins grows day by day and in the world of online poker as in any cyber activity you must consider the most innovative and practical solutions that there is for you.
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How To Earn Bitcoin Online — I got some big wins on bet fury poker machine...

How To Earn Bitcoin Online — I got some big wins on bet fury poker machine... submitted by blockchainprojects to referralcodes [link] [comments]

How To Earn Bitcoin Online — I got some big wins on bet fury poker machine...

How To Earn Bitcoin Online — I got some big wins on bet fury poker machine... submitted by blockchainprojects to FreeCrypto [link] [comments]

How To Earn Bitcoin Online — I got some big wins on bet fury poker machine...

How To Earn Bitcoin Online — I got some big wins on bet fury poker machine... submitted by blockchainprojects to promocodes [link] [comments]

MyBookie Online Casino & Sportsbook Bitcoin Deposit Bonus - Single Deck Black Jack, Slots, Poker & More!

MyBookie Online Casino & Sportsbook Bitcoin Deposit Bonus - Single Deck Black Jack, Slots, Poker & More! submitted by TheMACSPicks to SportsReport [link] [comments]

So I had this idea....

Okay so basically poker in the US seems like it's dead for now, but there's a way we could get it going again and it could never be stopped --- bitcoin.
Bitcoin is a distributed p2p currency that can be transferred from person to person with no record whatsoever.
There would need to be an intermediate site that was hosted outside of the united states, but there is absolutely no way they could seize bitcoins (due to the way the mechanism works). Also due to it not being an official foreign currency I'm pretty sure they'd have a hard time prosecuting it.
A second option for the use of bitcoin is to build it into the p2p system that bitcoin already runs on. Basically it would be like when they shut down Napster and everyone when to bittorrent and emule.. Without a centralized server there is noone to arrest, nothing to take down, and no way to stop it.
You can buy bitcoins with paypal, but someone needs to make a site that would track chip counts vs bitcoinsm, etc, etc..
I'm not sure how it would all work exactly, but the REALLY cool part about it is that bitcoins are a VERY finite currency. This means that people that got in the ground floor of this opportunity could get QUITE rich if online poker stars to migrate towards bitcoin. Because bitcoin is a finite currency and theres only so much being generated every day, the price of existing bitcoins would go through the roof as more and more people started to play bitcoin online poker..
Bitcoin is already a pretty established currency..
I'm a programmer by trade and really want to take up this idea because the demise of online poker is going to hurt one of my favorite things to do.
If any other programmres want to join me in this mission, please send me PM or post here with great ideas.. I'm trying folks!
More info:
Bitcoin Main Site
Bitcoin Existing Poker Site (OPEN SOURCE!)
Bitcoin explained in short video
List of sites that accept bitcoin
Recent Time Article about Bitcoin
Let me know what you guys think!
I've got a team of a few people that have committed to working on it, we've communicated via skype.. will let you know of the results soon.
Does anyone have connections to anyone on twoplustwo or anywhere with more exposure, I don't really post to poker forums much.
New Edit:
Now I need help with a name
name date 2011-04-20 2011-04-20 2011-04-20 2011-04-20 2011-04-20 2011-04-20 2011-04-20 2011-04-20 2011-04-20 2011-04-20 2011-04-19 2011-04-19 2011-04-19
I've compiled a list of a bunch of domains coming open soon with poker in them.. tell me if you guys spot any you think are good.
I will be putting together a closed project webpage for this project, if you are interested in getting access as a developer or to track the progess send me an email at [email protected] I'll be putting together a mailing list and project managment through phpCollab in the next 48 hours.
submitted by getfarkingreal to poker [link] [comments]

Bitcoin in online poker questions

I’ve never dealt with using BTC on an online poker platform and I just had some basic questions that I can’t seem to figure out using google alone. So, say I were to deposit .1 bitcoin to an online site. Would my account be credited with the dollar amount/cash equivalent of the bitcoin right then and there? I think the answer is no, but then if not when would it? Would I be limited to playing only in games with other bitcoin users or could I convert to a dollar amount to buy in to a table/tournament?
submitted by spirgnob to poker [link] [comments]

What’s the best place to play online poker with a bitcoin deposit?

submitted by dokula to poker [link] [comments]

Buddy having a tough time getting in. Banks treating Bitcoin like online poker. Can't even use our own money to buy things we want.

Buddy having a tough time getting in. Banks treating Bitcoin like online poker. Can't even use our own money to buy things we want. submitted by calledbluff to Bitcoin [link] [comments]

05-14 20:54 - 'Poker IDN Online Resmi' (self.Bitcoin) by /u/PokerPro99 removed from /r/Bitcoin within 22-32min

Izin Share kak Admin ^.^
untuk kamu yang suka bermain game poker online. mau kasih tau nie . ..sekarang ada situs poker online terasik dan seru hanya .di [pokerpro99]1 ..kamu bisa menangkan jutaan rupiah dan mendapatkan jacpot tiap harinya ..yu gabung sekarang juga.dan dapatkan Bonus Member baru sebesar 20% dari deposit..Buruan daftar sekarang juga
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untuk info lebih lanjut bisa HUBUNGI WHATSAPP '+62 0822 8989 9777.

Poker IDN Online Resmi
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Author: PokerPro99
1: www*poker*r*99.*o*/ 2: previe*.*****sy41.*p*?width=2834&f**mat=pjpg&*mp;*u*o=w*bp*am*;*=a5009*02e*d**bc48c*8bfc4*4**d**de*f9*4*5
Unknown links are censored to prevent spreading illicit content.
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Quite an interesting project. The collision symbolKingcasino is a Curacao licensed online casino site that offers a collection of over 1000 high quality slot games, sports betting, Blackjack, Poker. Join this project. #KCT ​​#ICO #IEO #game #bitcoin #Casino
BCT username: Em00n01
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Poker site earns Guinness World Record for the largest cryptocurrency payment in online poker tournament with $1,050,560 Bitcoin payout

Poker site earns Guinness World Record for the largest cryptocurrency payment in online poker tournament with $1,050,560 Bitcoin payout submitted by CoreySteel to Bitcoin [link] [comments]

Any online poker room played in Bitcoin?

I am trying to find this because if you leave money in dollars it will go down in Bitcoin value. This is the only reason I stopped playing online poker. So please let me know thanks
submitted by andrewlin0410 to poker [link] [comments]

03-06 03:04 - '' (self.Bitcoin) by /u/dfr2014 removed from /r/Bitcoin within 6-16min

Aqui en esta plataforma te regalan bitcoin por
registrate de 13 ha 15 dolares mas menos ha ese
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Author: dfr2014
1: re*lpoker**et/o*li**-p*ke?*d*368*535 2: *e*lp*k*r.n*t/*nline-poke*id=3688*35**^1
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Where to play real money online poker for withdraw options besides bitcoin

I am interested in playing online poker for real money. I've been looking around the internet for a couple of days already and it seems that the only sites that play with real money have withdraw options only with bitcoin, or wiring to a bank account with a big transaction fee. Are there any sites that have different withdraw options?
submitted by jmkryzanski to poker [link] [comments]

11-10 02:13 - 'i have no trust in any online casino besides maybe pokerstars or full tilt poker, possibly party poker for casino. / Im done with online gambling. If i ever gamble again i will go to a real casino where if i get lu...' by /u/unpopularopinionwhat removed from /r/Bitcoin within 41-51min

i have no trust in any online casino besides maybe pokerstars or full tilt poker, possibly party poker for casino.
Im done with online gambling. If i ever gamble again i will go to a real casino where if i get lucky enough to win i will actually get paid. And now i will go back to saving bitcoin, XLM, XRP and putting them on my ledger.
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Author: unpopularopinionwhat
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FREE $$$$ Bitcoin For Online Poker

I know all you guys are loaded but i just started my grind from $20 dollars on Bovada. I was wondering if anyone here would like to earn free $$$ in the form of crypto (bitoin, bitcoin cash,ect to depoist and use it to start out your bankroll. Its free just takes a lil time, i just made 28 dollars tonight (8/2/19) and im about to go gamble it but thought at least one of y'all would take me serious and we could help each other out.
all you need is a coinbase account, this is necessary for converting the bitcoin that you win online to cash and withdrawing to your card, or bank, or paypal. You can make a new account and get $10, then your can use my links and earn $ for watching short vids. Then another $10 the same way by watching another set of shorts vids for Stellar, $10 also for watching BAT vids. Then you can earn $20 by watching the vids for Dia, and then $10 for wathing the vids on Eos. No lie and i wish someone had told me but i found out, so i gotta share this info. Also if you use my link it will send me $10 after you watch the vids and earn yourself $10. Im just starting my bankroll so every penny helps and you can watch me daily and donate on my youtube and twitch channel. I am CADILLAKPOKER. Peace!
Support the stream:


submitted by CADILLAKPOKER to poker [link] [comments]

10-18 15:24 - 'you can play online poker fast on Tron network via they are adding BTC as payments soon' by /u/flashosophy removed from /r/Bitcoin within 114-124min

you can play online poker fast on Tron network via they are adding BTC as payments soon
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Converting bitcoin to cash from online poker

I’m really sorry if this has been asked before, I searched for about 10 minutes and didn’t find a thread.
I’m new to bitcoin bout after about 30 minutes I got my feet under me, created a wallet, and got my funds from an online poker site transferred to my bitcoin wallet.
So my question is what is the best way to convert that bitcoin to real cash.
It looks like my best options are on shapeshift? Or to order a bitpay card online and then transfer funds to that and use one of the bitcoin atms located near me.
Any advice would be greatly appreciated, I’ve never done it before so obviously alittle bit apprehensive.
submitted by returntothewinnerO to BitcoinBeginners [link] [comments]

Jonas Odman: Bitcoin Cash is the new Neteller for online poker players

Jonas Odman: Bitcoin Cash is the new Neteller for online poker players submitted by higher-plane to btc [link] [comments]

The Bitcoin Poker Takeover with Doug Polk - YouTube BitVegas: Free bitcoins for being online + Poker ! How to Hustle Online Bitcoin Poker Bitcoin Poker  Play For Free  Mobile and Online Poker Rooms Play Bitcoin Poker online on - YouTube

BetOnline was one of the first online poker sites to accept Bitcoin. Today it is among the most popular gambling websites on the internet, combining a high-quality gaming experience with an unrivaled reputation. In addition to Bitcoin, BetOnline accepts Ethereum, LiteCoin, Dash, and Bitcoin Cash. That way you can switch things up according to the currencies’ fluctuations. This poker Bitcoin ... Bitcoin Online Poker Guide 2020 - Learn about the best Bitcoin online poker sites from this page. Find the biggest bonuses, games & how to get started. Einer der neueren Trends in der Online-Poker-Welt sind Bitcoin-Pokerräume. Diese Pokerseiten werden immer beliebter, denn die digitale Kryptowährung ermöglichst es den Spielern, Gelder anonym einzuzahlen und abzuheben. Wer auf der Suche nach einer Bitcoin-Pokerseite ist, ist bei uns genau richtig. Wir haben alle großen Pokeranbieter mit Bitcoin getestet und einen kleinen Leitfaden zum ... Bitcoin Online Poker. Bitcoin is one of a growing number of "crypto-currencies" that can be used to buy goods or to fund your real money online poker account. It may be a relatively new type of currency, but the number of online sites accepting Bitcoin deposits is growing quickly. Bitcoin is quick, free of fees and totally anonymous. For these reasons many people think that Bitcoin online ... Bitcoin Online Poker. Poker is among the very well-known games worldwide. It’s continued to keep its appeal in the modern era of the world wide web. Nearly all the casinos dealing in bitcoin offer (s) this game that is excellent as an essential betting game because of its online gambling services. There are variants and many variants of bitcoin poker on the web; those games include, Omaha ...

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The Bitcoin Poker Takeover with Doug Polk - YouTube

Steuertipps für Bitcoin & Co.: Steuertipps für Influencer ... Crushing the Highest Stakes Online Poker Players - Duration: 5:47. pokernewsdotcom Recommended for you. 5:47 ... BitVegas: Join via minecraft Apologies on using a crappy microphone. This video is unavailable. Watch Queue Queue. Watch Queue Queue Bitcoin is an international currency, so you will get players from ALL over the world playing in these poker rooms. In addition to 'real money' bitcoin games you can also join the free play money ... Cashing Out on Bitcoin Poker Sites/Apps, Fastest Withdrawal to Checking Method? - Duration: 5:57. DK Poker 2,908 views. 5:57. PokerStars Championship Cash Challenge Episode 3 - Duration: 48:38. ...