Bitcoin Now Online Poker Deposit Method

One of the most important services which online poker sites need to provide their users is quick and easy deposit and withdrawal methods. Over the years many different deposit methods have been developed and all serious poker site need to integrate these new methods into their software and businesses.

One of the newest methods which have surfaced is Bitcoin. Bitcoin was first introduced to the world in 2009 but has only started to gain awareness more recently. Bitcoin is a digitized currency which is unique in that it does not have a centralized bank and relies entirely on a peer-to-peer Internet based network.

The first poker site to adopt Bitcoin as a channel for depositing and withdrawing funds is WinPoker which is one of over 30 poker sites on the iPoker network.

More poker sites will adopt Bitcoin over time

As Bitcoin becomes more and more popular, there will be more and more pressure on the established poker brands to adopt it as their newest deposit method. This is always the same trend when new deposit methods are introduced to the online poker world. Over the next two years we will see more and more sites adopt Bitcoin as one of their deposit methods.

Current methods of depositing on poker sites

All the established poker sites from Pokerstars to Poker Time, provide a wide range of deposit methods for their users. In the end of the day these sites are businesses so it's important to provide as many methods as possible so that no potential player is left behind.

The most popular methods of deposit are credit cards. Most sites support all the major credit card companies (Visa, MasterCard and AmericanExpress).

Other popular methods of deposit are through the many e-wallets like Paypal, Entropy, Neteller and Skrill (previously known as MoneyBookers) and with prepaid cards like PaySafeCard and Ukash.

Instant eChecks, bank transfers and instadebit are also popular among higher stakes players.

In Eastern Europe and Russia WebMoney is the popular choice and supported by most online poker sites.

Each poker site supports different methods for different countries. Some countries don't support prepaid cards or bank transfers so it's important to check which methods are supported for your country with the poker site of your choice.

Some sites also support quick deposit which is a super-fast method to deposit funds into your account from your deposit method of choice. Not all deposit methods support fast deposit but you can also check this with the poker site.

Earn bonuses with certain deposit methods

Occasionally poker sites will run promotions around a certain deposit method. An example of this might be giving players who deposit with WebMoney $20 for free. These promotions are particularly common place when a new deposit method has been added to the site. Taking advantage of these promotions is a very smart move even if you usually deposit using a different method. A bonus is a bonus and taking advantage of it will help you earn more money in the long run.