While cryptocurrencies have been around for quite some time, punters haven’t grown accustomed to betting with Bitcoin. The insane volatility of most cryptocurrencies doesn’t help either; most people can’t help but avoid it.
However, the few brave enough to try punting with cryptocurrencies tend to have numerous questions before staking their money. One of the most pressing questions online casinos aren’t answering seems to be the most important: can you make money from Bitcoin video poker?
This article will analyze how video poker works and how crypto fits into the scene. Then, you’ll learn if you can make money from Bitcoin video poker and how to go about it, if it is. If you’ve been considering playing poker with cryptocurrencies, you’ll never get a better guide.
What is Bitcoin Video Poker?
It’s safe to assume that anyone reading this article already knows a thing or two about crypto and video poker. The simplest way to describe Bitcoin video poker or crypto video poker, in general, is any video poker game that lets you stake using cryptocurrency.
No thanks to the uninclusive assumption, the above definition is insufficient. For the uninitiated, crypto video poker is a form of video poker in which players stake using crypto. Video poker is a popular casino game from the physical five-draw poker game.
While video poker is pretty old, Bitcoin video poker is relatively new, as we’ve only had cryptocurrencies for a little longer than a decade. Punters don’t particularly trust Bitcoin video poker, no thanks to the several unpalatable stories associated with the game.
The following sections will answer some of the questions you might have about the casino game to help you make an informed decision. Also, you’ll learn how to play video poker with crypto and other cryptocurrencies to earn real money (if you win).
Can I Make Money from Bitcoin Video Poker?
The preceding section has described fans’ skepticism about crypto video poker and the reason it exists. Some punters still believe Bitcoin isn’t a real currency, so you couldn’t win real money by playing crypto video poker. You can even find a few who have tried the game without success.
Regardless of your previous experiences and rumors you’ve heard on the internet, you can make money from Bitcoin video poker. However, it’s equally essential to note that it’s possible to lose money playing the game, as that knowledge will help shape your mindset while playing.
When done correctly, Bitcoin video poker is no different from your typical video poker game, except for the currency involved. For instance, the difference between staking with cryptocurrency and dollars is just like the difference between wagering with pounds and the Japanese yen.
Since we have no control over the outcome of your poker games, it’s impossible to make any promises. However, if you tend to win consistently during video poker sessions with fiat currency, you should also do well in Bitcoin video poker. The following section will show you how to play the game for real money.
How to Play Video Poker with Crypto
Video poker is a moderately complicated game that could take ages to learn, but I’m not teaching you that here. There are several resources for learning the game on the internet. However, this section targets video poker players intending to transition from fiat currency wagers to cryptocurrency.
In short, here’s how to play Bitcoin video poker like a pro.
- Acquire Bitcoin (or some other cryptocurrency)
The most crucial step in the process is acquiring Bitcoin; you wouldn’t want to walk to a physical casino without some dollar bills, would you? If you’ve ever hoped to stake with Bitcoin at an online casino and not dollars, you’ll need to acquire them first.
There are several ways to acquire and store Bitcoin, but the most common method is using an online wallet. There are many good cryptocurrency wallets, with Coinbase Wallet and Binance being the leading options in the market.
- Get a provably fair crypto casino.
While this step isn’t the most difficult, you may struggle to get the best of the bunch. You can use recommendations from other players to choose the best online casino for you. Since most online casinos accept cryptocurrencies, you should be able to use recommendations from friends who haven’t embraced the idea of Bitcoin in casinos.
- Make your first Bitcoin deposit.
Now that you have Bitcoins and a decent crypto casino, it’s time to make your first deposit. In most cases, the platform should guide you on depositing, which shouldn’t be more complicated than a simple Bitcoin transfer. Follow the steps to deposit to your account with the Bitcoin video poker site.
- Choose a game, stake, and play.
At this point, you’ve scaled through the most challenging parts of playing Bitcoin video poker. Browse the casino’s video poker collection and select what you want to play. You may have to enter a bet amount when you try to start the game; enter your stake at this point to continue.
From here, you can start playing your game. Your performance here depends on your experience level with video poker, which we assume is high. If you’re skilled and lucky enough to beat the dealer and win, you’ll want to learn how to withdraw your wins in no time.
- Withdraw the proceeds.
Like most other games in the online casino, Bitcoin video poker is a game of chance. If you’re skilled and lucky enough to win, you can withdraw your winnings like any regular currency. The only step necessary is making your wallet address available to the crypto casino when they ask for it.
If you prefer to see your money in fiat currency, you can sell your Bitcoin. In any case, your wallet should guide you through that process, as it may differ slightly.
It’s certainly possible to make money from Bitcoin video poker, and you can cash that money out to dollars or some other fiat currency if you want. By following the steps outlined in this article, you should be on your way to playing video poker on crypto casinos like a pro.