Americas Cardroom has announced that, from today, it is to accept deposits from players who wish to fund their accounts using the crypto-currency Bitcoin.
Bitcoin is a virtual crypto-currency that was originally developed by Satoshi Makamoto in 2009 and which is used around the world as an anonymous payment option; free from financial or legal regulation.
The major benefits of using Bitcoin as a poker deposit option include that there are no payment processing charges, profits from Bitcoin poker are free of tax, and withdrawals in Bitcoin are practically instant.
Now the leading skin on the Winning Poker Network – Americas Cardroom – has announced that it is going to add Bitcoin to its existing range of deposit options; although how soon the site will be facilitating Bitcoin withdrawals is not yet known.
The Advantage of Playing Bitcoin Poker on ACR
One of the main reasons why Bitcoin Poker has not been embraced entirely by US poker players is because of its volatility. The dollar value of the Bitcoin has varied significantly over the past twelve months, and goodness knows there is enough variation in poker as it is.
However, Americas Cardroom Bitcoin deposit option allows players to convert their Bitcoin into dollars to play at the tables, and then withdraw their winnings in dollars; so that the issue of potential currency losses is eliminated.
On the other side of the coin, when Americas Cardroom introduce a Bitcoin withdrawal facility players who have deposited in dollars should be able to withdraw their tax-free winnings without transaction fees (adios Western Union) into their own Bitcoin wallets to spend as they wish.
Increasing the Liquidity on Americas Cardroom
The decision to allow Bitcoin deposits will no doubt have a positive effect on the liquidity of Americas Cardroom, as poker players who already have Bitcoin accounts will now find another channel through which to transact the crypto-currency.
Although there is no way of telling the method of deposit on Americas Cardroom, Bitcoin poker players tend not to have such a wide skill set as “dollar depositors”, and existing (observant) players on ACR should be able to identify who the Bitcoin players are by their betting actions.
This situation should make Americas Cardroom a generally more profitable experience for existing players; although it should be noted that the standard of play on other US poker sites that exclusively accept Bitcoin as a deposit option has increased over the past year.
Another User-Friendly Benefit from ACR
It is because of user-friendly options such as accepting Bitcoin deposits that Americas Cardroom has risen to be the second most popular online poker site that accepts players from the USA. Innovations such as the “Beast” progressive rake race, the “Sit & Crush” SnG competition and ACR´s exclusive “On Demand” tournaments have attracted players from all over the world to the site.
Americas Cardroom has developed a reputation for excellent customer service, valuable promotions and efficient cashouts. Now, by accepting deposits in Bitcoin, Americas Cardroom has become even more user-friendly than before. Check out the best Bitcoin poker site today!