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 CardroomGetting 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 BitcoinBitcoin 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
|Minimum Single Deposit: $50 USD||Minimum payout: $50 USD|
|Maximum Single Deposit: $25,000 USD||Maximum payout: $10,000 USD|
In a nutshell, here’s how it works:
- Choose your Bitcoin wallet.
- You can purchase Bitcoins from an exchange with your bank account, or buy them from a friend or family member.
- Go to our Poker Cashier, and click Deposit and then Popular E-Wallets.
- Enter any amount in USD that you wish to deposit, the processor will adjust accordingly to the amount you enter.
- The processor will provide you with a Bitcoin address–copy it so you may paste it into your wallet.
- From your wallet, send your preferred amount to the Bitcoin address. We’ll hold the exchange rate that’s tied to the generated address for 15 minutes.
- Wait for your transaction to process. This usually takes no more than a few minutes.
- Enjoy your funds at the table! If you have trouble, call us at 1-877-314-4195 or visit our Support Page.
- Please note that the maximum Bitcoin withdrawal per transaction is $10,000.
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: $50
- 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!
- Minimum payout: $50 USD
- Maximum payout: $10,000 USD
- One payout per day up to 5 per week
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.
What is Bitcoin?
Bitcoin is a type of digital currency that you can use to make online purchases.
How does Bitcoin work?
Bitcoin can be traded person to person around the world, without having to put it into trust or paying fees like you would have to with Visa, a postal service or a bank. You keep your Bitcoin in an online wallet, the same as you would keep your cash in the wallet in your pocket. Each wallet has a unique address, this is how you send and receive your money. If you want to receive money, you give your Bitcoin wallet address to the person sending the money. If you want to send money to a person, you need to send it to that person’s specific address. Just like you would an email.
Is Bitcoin hard to use?
Signing up for your Bitcoin wallet is very straightforward and takes just a few minutes to do. After your wallet is verified and you’ve purchased your Bitcoin, sending and receiving it is as fast as sending an email.
Why is my deposit taking so long?
Depending on which cryptocurrency wallet you use, transaction times may way.
Will I lose money due to the Bitcoin fluctuation?
While Bitcoin does fluctuate, if you buy and spend the Bitcoin in a short timeframe, there should be a minimal change in price, if any at all. From the time it takes you to buy the Bitcoin and send it to Americas Cardroom any price change would be minimal. However, if you store your Bitcoin in your online wallet for large amounts of time, you will need to deal with the fluctuations that come with the currency.
Why did I receive less money from my BTC Cash Out?
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. 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.
How many cash outs can I request per day?
Players may withdraw via Bitcoin once per day, 5 times per week maximum. 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.
Why do I have to wait for Bitcoin Miner confirmation?
This ensures the accuracy of your transaction. Because Bitcoin is not controlled by any single company or authority, it must be verified multiple times before the transaction is completed by the miners.
Who are Bitcoin Miners?
The Bitcoin system works by having the computers of those who’ve downloaded the Bitcoin program process all the transactions automatically. Miners is the nickname given to the computers that process all the Bitcoin transactions.
How much will the transaction fee be?
The fee is the amount you must add to a Bitcoin transaction on top of the amount you want your recipient to receive. The amount of the fee depends on the amount of pending transactions that there are at the time because the more transactions there are, the higher the fee. The miner’s fee is very inexpensive and usually a fraction of what you would pay using other processors.