Chico Network Introduces Bitcoin Option!
Chico Poker and Sports Network Introduces Bitcoin Transactions
Bitcoin has become one of the hottest currencies in online transactions and poker networks are embracing this method at a higher and higher rate in recent months. Chico Network, now challenging to be the second largest US-facing site, is the most recent addition to this list, and the largest US-facing network to introduce Bitcoin transaction. Unlike some other networks that have introduced Bitcoin, Chico Network is not just a prolific poker network, but also has a very competitive and respected sportsbook and casino.
Bitcoin Transactions Logistics
The Bitcoin addition to the cashier isn’t new as this method has been in beta testing for a few weeks now. Since its inception, Bitcoin has become the second most popular funding source for accounts behind only credit cards, according to Chico Network representatives. The specifics of the Bitcoin transaction might give us a good indication as to why it has become so popular, even prior to being rolled out to all players. Players can deposit between $20 and $2,000 at a time, with deposits being exceptionally fast with minimal fees (many times none.) This large spectrum with low requirements makes Bitcoin not only appealing to recreational players, but also higher stakes players as well.
Players may also request withdrawals using the system. The stated time on these transactions is 48 hours, but many players have reported receiving their money in less than 24. While it is unlikely they change the stated times it takes to receive your money, just in case, it’s good to know that you are also unlikely to have to wait that long for you money. Even with the 48 hour limit it becomes one of the quickest, if not the quickest option for US-based players and avoids the large fees associated with payment methods such as Western Union or MoneyGram.
Players are still eligible to take advantage of the great deposit bonuses, both first deposit and reload bonuses. Currently new players can get 200% up to $1,000 with a minimum $50 deposit. If you want to learn more about the bonus structures, read this review of Betonlin.ag.
Chico Network Promotions
If you are still on the fence about depositing on BetOnline, or one of the other Chico Network partner sites, then let us tell you about some of the great offers for all types of players. Once you get past one of the highest available first deposit bonuses, which you shouldn’t ignore, there are still plenty of great promotions. Chico Network runs a very lucrative sit n’ go leaderboard, but unlike other sites available to US-players this one doesn’t lump all players into the same category. There are three different tiers that allows even nano-stakes players get free money when competing in their favorite SNGs.
Cash and tournament players will see a rotating cast of option available to them, such as a $10,000 tournament leaderboard this past month. These are updated frequently and it’s best to check back here to find out the most up to date information available!
Summary
Bitcoin is a new deposit method that is being used by more sites at a much faster rate. This deposit and withdrawal method allows for a lot of great advantages compared to more traditional methods, such as anonymity and speed. If you want to try out this new funding method, or any other we encourage you to give Chico Network a try! Sister site Sportsbetting.ag also has bitcoin, so read up on our Sportsbetting Poker Review if you would like to try an alternative skin. Tell us what you think about this development or the network in general on Twitter and Facebook!