PokerHost has embraced cryptocurrency. For the first time in their long history, this fast-paying online poker site is accepting bitcoin deposits and providing bitcoin withdrawals to its customers. We have the full details within...
PokerHost, on the Winning Poker Network, has added the convenient digital currency Bitcoin (BTC) to its cashier for both deposits and withdrawals. This comes as welcome news to people looking for the best Bitcoin gambling sites. All games are denominated in U.S. dollars, and conversion between dollars and BTC occurs at the time of deposit or payout. By selecting an operator like PokerHost that accepts myriad forms of payment, Bitcoin poker players can usually benefit from greater game selection and security than might be possible at most sites that deal exclusively with BTC.
You can use Bitcoin to fund your account as well as to request payouts of your winnings at PokerHost, making this room an ideal option for Bitcoin poker. You can transfer as little as $1 or as much as $20,000 in a single transaction whether you’re withdrawing or depositing. This is particularly interesting to residents of the United States, who were previously limited to $2,000 on credit card deposits and $3,000 on check cashouts with even lower caps on other methods of payment. The best part about this enhancement to PokerHost’s cashier is the fact that the firm doesn’t charge any fees whatsoever on BTC withdrawals or deposits.
Using BTC at PokerHost is a straightforward matter. However, if you’re new to the whole concept of Bitcoin, then you’ll want to take a look at our thorough guide to this valuable cryptocurrency. We’ll show you how to get started, including how to purchase your first coins and how to create a Bitcoin wallet. Then, when you’re ready, return back to this page and continue reading about how to conduct cashier functions at PokerHost with Bitcoin. You simply need to go to PokerHost’s website, log into your account and select either “Deposit” or “Payout.” Choose Bitcoin from the list of options that appears. Next, enter all the details of your transaction in the form that will be presented to you, and submit it when you’re done. The steps you need to take after this will vary depending on whether you’re initiating a deposit or a withdrawal:
Once you submit the relevant data, the company will determine how much BTC you must send based upon the value in USD that you entered. It will also generate a new Bitcoin wallet code for you. This is a one-use address to which you’ll have to send your coins within seven minutes. This short timeframe may seem unnecessarily restrictive, but it’s actually there to protect you against both currency fluctuations and possible security breaches. It may take a short while – up to 30 minutes – for the money to be added to your balance. Remember to pay your wallet’s recommended mining fee on top of the transaction amount; otherwise, your deposit could be subjected to irritating delays.
After receiving your cashout request, the PokerHost security team will look it over and make sure that everything is OK. You can only ask for a Bitcoin withdrawal Mondays through Fridays, but as long as you request it before 3 p.m. EST, your funds will be sent that same day. If you fail to meet this cutoff, then it will take up to 24 hours to send you your BTC.
Unlike most of the other sites on the Winning Poker Network, PokerHost uses its own independent cashier. This is probably because it was already a long-established force in the online gambling market before joining the network in December 2014. Members of PokerHost enjoyed relatively quick payments and the provision of extra cashout methods, like bank wires and direct deposit, to longtime customers. But since the Winning Poker Network offered Bitcoin compatibility and PokerHost didn’t, it quickly fell behind in the critical area of transaction processing speed. The decision to add Bitcoin to PokerHost’s capabilities brings the poker room up to par with its network partners and may even make it superior for some players because of the extra ways that the company has of paying out winnings.
We truly feel that PokerHost is one of the best Bitcoin gambling sites, and you can read our comprehensive PokerHost review to find out why. Whether you’re a poker aficionado who’s curious about Bitcoin or a BTC lover seeking a solid Bitcoin poker solution, PokerHost fits the bill nicely. You’ll even get a bonus of 100% up to $1,000 on your first deposit. If you are interested in other Bitcoin-friendly sites that allow American players to join, please check out our legal American Poker Sites Guide.