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Bitcoin

Bitcoin Poker

There are many reasons you should try BitCoin at Americas Cardroom.

  • First, it’s the cheapest way to fund your account. With the exception of the miniscule “miner’s fee,” there are no transaction fees whatsoever.
  • Second, BitCoin is faster than any other payment method. There’s no waiting for transactions to clear: as soon as your deposit is verified, your BitCoins are converted to poker chips in your account.

So start using BitCoin at Americas Cardroom today, or keep reading to learn what this “cryptocurrency” is all about.

How BitCoin Works on Americas Cardroom

Getting set up to use Bitcoin is easy, and once it is set up, even easier to use in the future.

We’ve worked hard to make sure we’re providing you with the best experience possible.

Our BitCoin process is simple, straightforward—and most importantly—backed by the poker industry’s most rigorous security.

Making a Withdrawal Using Bitcoin

Bitcoin is the payment method that has become the preferred option for players. Not only will you get your money much faster, but you will save by avoiding transaction fees.

You will also have the ability to get withdrawals into your bank account in just a few days for a very small fees.

The best advice we can give you is to inform yourself about this payment method. A great place to start is the BitCoin homepage and the BitCoin Getting Started page.

So What’s BitCoin All About?

BitCoin is a new kind of money. It’s a decentralized digital currency where transactions are carried out instantly from peer-to-peer.

Payments can be sent or received anywhere in the world, and processing fees are almost non-existent.

BitCoin is exciting for many reasons, but if you’re new to the subject, we highly recommend you check out this explainer video.

Transaction Limits on Americas Cardroom

Deposits Cash outs
Minimum Single Deposit: $10 USD Minimum payout: $25 USD
Maximum Single Deposit: $25,000 USD Maximum payout: $25,000 USD

In a nutshell, here’s how it works:

  1. Choose your BitCoin wallet.
  2. Purchase Bitcoins from an exchange with your bank account, or buy them from a friend or family member.
  3. Go to our Poker Cashier, and click Deposit and then Popular E-Wallets.
  4. Enter the amount in USD that you wish to deposit; the system will tell you the exact amount to send.
  5. The cashier will provide you with a BitCoin address—copy it.
  6. Go to your wallet and send the specified amount to the Bitcoin address. You have only 7 minutes to do this
    IMPORTANT: If your wallet is charging a miner’s fee, you must make sure to add this fee to the amount you send. If a miner’s fee is deducted and your deposit is less than the amount you specified, the transaction will be void.
  7. Wait for your transaction to process (usually takes no more than a few minutes).
  8. Enjoy your funds at the table! If you have trouble, call us at 1-877-314-4195 or visit our Support Page.

There are a few more things to keep in mind when playing BitCoin poker at America’s Cardroom.

1. Bitcoin Deposit Limits

  • Minimum Single Deposit: $10
  • Maximum Single Deposit: $25,000

How BitCoin Works on Americas Cardroom

Getting set up to use Bitcoin is easy, and once it is set up, even easier to use in the future.

We’ve worked hard to make sure we’re providing you with the best experience possible.

Our BitCoin process is simple, straightforward—and most importantly—backed by the poker industry’s most rigorous security.

2. Overfunding and Underfunding

It is very important to send the exact amount of BitCoins you specified to our cashier. If your transaction is overfunded or underfunded, it will be cancelled.

If your wallet is charging a miner’s fee, you must make sure to add this fee to the amount you send. If not, your transaction will be cancelled due to underfunding.

3. Merging Accounts

We do not accept the merging of Bitcoin balances, so if you have several Bitcoin wallets, you will have to use them in separate transactions.

We hope this information is useful; however, don’t hesitate calling us at 1-877-314-4195 in case you need further assistance using Bitcoin!

Bitcoin Payouts

  • Minimum payout: $25 USD
  • Maximum payout: $25,000 USD
  • One payout per day

Making a Withdrawal Using Bitcoin

Bitcoin is the payment method that has become the preferred option for players. Not only will you get your money much faster, but you will save by avoiding transaction fees.

You will also have the ability to get withdrawals into your bank account in just a few days for a very small fees.

In order to process your payout, we require a valid Bitcoin address; please ensure you provide a new Bitcoin address for each payout you request.

Due to the fluctuation of the Bitcoin, we will try and process your payout as soon as possible.
We remind you that BitCoin is a currency that has constant fluctuations, so you might see differences in the amount sent and received due to currency conversions. Bear in mind that the rate used for the conversion will be the one available at the moment the payout is processed. Players may withdraw via Bitcoin once per day, however a player may not request another withdrawal while he/she has a Bitcoin cash out in process.  In the event that a player has a cash out request pending approval, they must wait until that transaction has been approved before submitting another Bitcoin withdrawal request.

If at any time your payout is being processed and you would like to cancel it due to fluctuations, please alert us via phone at 1-877-314-4195 so we can try to stop the transaction.

What Is Bitcoin?

Bitcoin is a digital currency that uses high level encryption for regulating its generation and verification of transactions. It is however not regulated by any central authority or group. It is entirely independent and the verification process is facilitated by thousands of computers around the world.

More technically, Bitcoin is a global virtual currency stored in the form of data (and not printed). It is based on distributed computing and not on banks and gold. Because of its unique digital form and faster processing, it has led to the emergence of bitcoin poker sites like Americas Cardroom (ACR).

How Does Bitcoin Work?

Bitcoins are stored in the form of computer data and are handled by a private and public key. The keys are all that you need to carry out transactions. Bitcoins are basically created through a process known as mining. You will receive a tiny fraction of the coin when you solve/process complex mathematical problems using your computer systems.

What Are The Advantages Of Bitcoin?

Bitcoin stands out from other forms of digital currencies and payment options. When you choose bitcoin transactions, you don't have to worry about any third-party interference of seizure. There are several redundant copies of your transactions’ database. Thus, government authorities don't have any power in freezing your wealth if it is stored in bitcoins.

Another advantage of using bitcoins is that they cannot be stolen. Only the owner could change the “address.” The only way someone can access your bitcoins is by physically accessing your computer system. Thus, you will not have to worry that your bitcoins can get stolen during transactions.

What Are Bitcoin Poker Rooms?

Poker rooms have long been allowing their players to make deposits using credit cards, person to person transfers, bank wire transfers, ewallets and a number of other methods. But now some online poker sites like ACR allow bitcoin payments. Such sites are known as bitcoin poker rooms.

How Does One Acquire Bitcoins?

You can get bitcoins in 2 ways. Firstly, you could mine them. Secondly, you can purchase them from other miners or someone who has bitcoins in their wallet. Mining is the process for creating new bitcoins. It is a highly CPU intensive process and can take a lot of time. Therefore, it is more reasonable to purchase the virtual currency.

Why Bitcoin Poker Sites Are Gaining Popularity

The advantages of bitcoin over other payment methods have made it the preferred payment option for many poker players. Because of this bitcoin online poker sites are becoming more and more popular. In the past, many US poker fans would avoid online poker rooms because of the complexities and delays involved in payment systems. But with the introduction of bitcoin as an option, more players are choosing poker rooms like ACR.

The Impact Of Bitcoin Poker Sites On Bitcoin Transactions

Bitcoin transactions have been proven as cost-effective form of payment in the online poker industry. With more poker sites opening up to this simpler and faster transaction system, the popularity of bitcoins has also increased.

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