WPN Strikes Gold with Bitcoin!
It has been nearly two weeks since Winning Poker Network started offering withdraws and deposits via Bitcoin and thus far the reaction has been mostly positive, with a few exceptions. This article will help you get the most from the Bitcoin option available to players and hopefully insure you have a great experience if you decide to use this new funding method.
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Winning Poker Network made huge waves in the market two weeks ago by being the first major US friendly site to offer its players the option of funding their accounts via Bitcoin. While smaller sites had been offering this service for a significant amount of time none of those sites had gained major traction in the US market. It appears that US players wanted a US friendly site that they knew they could trust though, as BTC deposits and withdraws seem to have been a success thus far as traffic has increased and bigger cash games have been running in the past two weeks.
Despite this favorable reaction there has been a few quirks and problems along the way that have caused some consternation among forum goers. Luckily, most of the problems that have been caused are easily fixable or avoidable by players taking a few extra steps to insure the smoothness of the transactions. Further, the problems that have occurred haven’t resulted in lost money or other problems that people fear when hearing Bitcoin, but instead are centered on back-end operations.
The first major problem is if you are trying to transfer directly from another Bitcoin poker or casino site. The reason this has caused issues is because many times these other sites will use multiple wallets to complete the transactions. This then causes issues on Winning Poker Networks end and they must refund the transaction and have you submit it again. The best way to avoid his problem is to put the money into a trusted wallet first and then transfer it to Winning Poker Network. This allows the transaction to go through smoothly and quickly. While it unclear of why it causes problems, it does, so just avoiding the issue all together is probably the best and easiest solution.
The second problem that some may have is when dealing with Coinbase and other major wallets. Much like PayPal, Coinbase doesn’t approve of gambling and has decided to impose that belief on the people who use their service as well. They have in the past very aggressively gone after users who transferred Bitcoin to a gambling related site and have shut down their accounts. While no one has reported this happening yet with Winning Poker Network is likely only a matter of time before this becomes an issue.
Luckily, an easy fix is to transfer the BTC to another wallet first and then from that wallet send it to Winning Poker Network. While this might be seen a bit cumbersome it can save a lot of headache for players in the future by not having to figure out how to buy BTC, which can still be a bit difficult for players in the United States sometimes. Further, this small fix will only add about 30-60 minutes on to your time to deposit and that’s if you don’t keep BTC in the other wallet in the first place. Coinbase is still a very useful and convenient tool, it’s just important to remember that they are trying to toe the line with government regulations and thus are going to go after people who are doing things they don’t want to be associated with, which unfortunately is gambling related transactions.
Things have not been all bad though as many players are reporting withdraws taking anywhere from 30 minutes to about 12 hours. It’s important to remember that time frame is for money to be deposited into their wallet, so players have their cash in that time, not just approvals to withdraw. Deposits have been exceptionally swift as well and provide players a way to move money quickly and easily.
Limits on the amount of money players can deposit and withdraw has also went up considerably. Players may now deposit anywhere from $5 to $25,000 each day. Withdraws are even better for most as you can withdraw anywhere from $25 to $10,000 per transaction with up to $100,000 total daily. The ease with which players can move money is something that hasn’t really been seen in the US since before the UIEGA, which has been a long time ago.
While the move to offering Bitcoin to players has been a bit rough at times, Winning Poker Network has done well to communicate with players what works best and how to avoid issues in the future. If these trends continue the games will only continue to get bigger and bigger and players will have more options available to them no matter what stakes they play. If you would like to use BTC, or any other deposit method, to take advantage of the great first deposit bonus on Winning Poker Network we encourage you to visit our review. Do you have any more questions about BTC and WPN? Tell us on Twitter and Facebook and we will get you the answers!