Poker is one of the biggest and most popular pastimes in the world, while cryptocurrency just keeps growing at a stunning rate so it’s no surprise that someone thought of a way to mix the two together and incorporated the blockchain into poker creating crypto poker which is also sometimes known as bitcoin poker.
Today we’ll be diving into the reasons why we think that crypto poker is the future of gambling and certainly the future of gambling online. Hopefully, you’ll have a better appreciation and understanding of the significance of crypto poker after you’ve read through the text. Let’s dive into it.
History of Crypto Poker
Bitcoin poker has only been around for a few years, but it certainly appears to be the wave of the future. It all began when developers realized that blockchain technology could be applied to the world of online poker and gambling in general.
This development propelled cryptocurrency into the mainstream and popularized crypto poker sites where players can use cryptocurrencies such as Bitcoin or Ethereum instead of regular money. This is something that would not have been conceivable even a decade ago, yet today there are numerous options available for players who wish to play using cryptocurrency.
The Various Benefits
The main advantage of playing crypto poker is security and privacy – your transactions are completely secure and private due to the encryption used by blockchain technology. The other great thing about crypto poker is that it’s fast and easy to set up – you don’t need to go through a lengthy registration process or provide your bank details.
In addition, transactions are instantaneous so as soon as you deposit crypto into your wallet, you can start playing immediately.
Finally, the fees for crypto poker sites are much lower than those charged by traditional online poker rooms, which makes them an even more attractive option for players.
The main benefit that crypto poker offers over traditional online casinos is incredible privacy and security. When you apply for a poker site and deposit funds you need to divulge your credit card information and a lot of other personal information too.
This then puts you at risk if the site ever suffers a data breach or if the site owners simply have malicious intentions which certainly can happen albeit not that often.
With crypto poker sites you don’t need to give this kind of info to them and can still deposit or withdraw normally. This means that you will be pretty much immune from harm even if the site were to be breached in some way and all the data they have is exposed to third parties.
Considering how hard privacy is to come by these days it’s a good idea to take it wherever you can and make good use of it due to its limited supply.
Fees are an unavoidable aspect of poker sites and they always will be since the site owners do need to make money in some way, but they vary wildly from site to site, and sometimes they can be pretty insane. If you’ve found one that has relatively low fees for most things then we recommend using it for as long as you can since they’re growing on most sites with time.
On the other side of the spectrum, you may notice that crypto sites have comparatively lower fees on average.
We’re not quite sure why this is the case but generally, you’ll find that you’ll not only have lower fees but oftentimes fewer of them too. Considering that crypto trade fee are usually also lower than credit card fees you do end up saving a decent amount of money in the long run if you switch over to crypto poker which is quite nice and we highly recommend making use of it.
One of the most beloved aspects of crypto poker and other blockchain-based gambling sites is the existence of tools that allow you to verify whether the games truly are random or if they’re rigged.
This is one of the most critical features of the blockchain for gambling as in the past you couldn’t be certain whether the hands you were dealt or the slot machine results were really random or perhaps in the favor of the house. This way you can make sure they are and have some peace of mind knowing that there is no bad intent or rigging behind your loss.
Room for Growth
Another reason why we believe that crypto poker is the future of online gambling is the fact that it can stand its own and is very competitive with traditional gambling sites while still being in its infancy, relatively speaking.
This shows the potential for it to far outgrow the old traditional poker sites and become the “top dog” in the world of online gambling and potentially gambling in general.
Considering that most of the downsides can be fixed with time or will iron themselves out once crypto is more accepted and better integrated into society it’s easy to see just how much potential crypto poker has.
We believe there are a lot of reasons why Crypto Poker has the potential to be the future of online gambling and honestly, we think it’s just a matter of time before it overtakes the gambling sites of yore and becomes the gold standard for any future gambling projects that people may create. Perhaps it in its current form isn’t the future but it’s certainly laying the blueprint for it.
We’re super excited to see what the future has in store for poker and gambling alike. With that said, we hope you have a great time playing crypto poker and don’t forget to gamble responsibly!