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Cryptocurrency

Points to Consider for Choosing the Best Crypto Poker

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Reading Time: 4 minutes

 

Introduction

The COVID-19 pandemic that put everything else on hold for nearly a couple of years surprisingly could not dam the growth of cryptocurrencies. The number of crypto users and use cases has increased exponentially during those two years. The crypto casinos are one of the byproducts of the lockdown that is still holding on to a similar momentum because the inclusion of crypto seems to make everything from performance to security better than they already are.

 

Particularly, classic games like poker have been received well in crypto casinos as they are responsible for moving a large volume of money across accounts. So keep reading to know more about the whats, whys, and hows of Crypto Poker to help you get started in this exciting area.

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About Crypto Poker

Crypto Poker can easily be called the new-age iteration of this classic game. Although the gameplay remains untouched for a large part, the innovations in the financial aspect alone are enough to make substantial changes in the game. 

 

Instead of a bank, a player opts to process his funds through a blockchain while using cryptocurrencies for poker. This blockchain is a decentralized infrastructure, meaning your funds do not have to go through an intermediary, making the transfer much faster and more affordable. The transfer is validated through what is known as a network of nodes, and players must offer a fraction of their funds as a mining fee for these nodes.

Why Should You Play Cryptocurrency Poker?

As we have come to the ‘why’ part of the article, let us briefly see about the benefits you get from P

Crypto Poker.

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  • Huge bonuses are what lure players to Crypto Poker. The decreased upkeep expenses of crypto casinos play a big part in it.
  • The wagering and withdrawal limits are comparatively higher than traditional poker games with fiat money.
  • Your financial privacy is in safer hands while using Crypto Poker. This public ledger is pseudonymous storage that does not require personal details.
  • The lack of intermediaries helps process your payments much faster, especially while making withdrawals.
  • Crypto Poker allows you to place your bets in almost any crypto casino across the globe and these digital currencies are tax-efficient, too.

How to Choose the Best Crypto Poker?

Looking for the best crypto poker site can be difficult if you do not have the checklist. So this part of the article provides essential information to assist your selection process.

Different Poker Games

Be sure of your needs while looking for a Crypto Poker platform. A casino can offer different types of poker, like virtual poker, video poker, and live dealer games. Poker also includes variations like Texas Hold ’em, Omaha Hi, Omaha Hi-Lo, 7-Card Stud, Badugi, etc. One must look for a platform with all their preferred games for the best possible experience.

Available Tournaments

If you are looking to earn some additional dimes, tournaments are the best way to do it. You must review various aspects like tournament duration, supported games, and winnings before clicking the start button.

Bonuses & Promotions

Crypto Poker offers endless opportunities to maximize your profits through bonuses and promotions. So, if you can find the absolute best casino, you will not even have to spend your money to earn a profit.

Quick Seats

It could be tiresome to wait for a tournament to join an online poker platform, so you should look for a casino with the Quick seat feature. A platform with the Quick seat feature can get you into a tournament or game in less than a minute after choosing.

Depositing And Withdrawals

Never forget to review the payment methods offered in the casino. Particularly when you are a newcomer, it is better to use a platform such as BetOnline or BitStarz that connect you to regulated exchanges and wallets.

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Rakes

In poker tables, rakes are the fees that the players pay online service providers. Generally, crypto casino rakes tend to be much more affordable than traditional poker. A crypto casino’s standard rakes are between 4% and 5%.

Mobility

It is always better to go for a Crypto Poker platform that you can access from different devices. Also, mobility is one of the important signifiers that says a lot about how the operator treats the user experience.

Customer Support 

Any activity that involves money is prone to have some trouble while processing. So prompt customer support is not only a sign but also the duty of a reliable crypto casino. This critical function needs to be tested before you can play the games.

 

Related Article: Top Crypto Gambling Sites

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Features of Crypto Poker

Apart from the advantages of cryptocurrencies, you can access several other features in Crypto Poker. The following are some unique features you can find in a Crypto casino.

 

  • Provably Fair is probably the best deal you get in a crypto casino. This cryptographic algorithm helps users actively check the games’ fairness.
  • The payments are hassle-free and do not require your details. Furthermore, the platforms can use identity proofing solutions like Proofi to avoid storing users’ data.
  • If you are looking to win big in tournaments, cryptocurrencies, like BTC, ETH, etc., should be your choice. For example, One Million Windfall in BetOnline casino is a poker tournament where you can easily turn your $10 into a million dollars if you have what it takes.
  • Some casinos have built-in Crypto Exchange features to help you exchange your funds, no matter how small. They also have converter features to keep tabs on your money’s value.
  • Players also have choices like Virtual or Live poker games and do not have to compromise on the experience they expect to have.

 

Conclusion

Crypto Poker is one of the latest trends that not only helps you blow some steam off with exciting gameplay, but it can also help you land the jackpot if you are lucky. But beware not to lose your peace of mind for the jackpot and play responsibly. There is only one true way to win the jackpot in a poker game: to not chase after it.

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Cryptocurrency

SCCG Management Announces Sponsorship Partnership with Hoppa! Card

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SCCG Management, a leading advisory firm in the global gaming industry, has announced a sponsorship partnership with Hoppa! Card, a pioneer in crypto payments and banking solutions. This collaboration is set to revolutionize the payment landscape for the gambling industry with a strong focus on crypto technology, leveraging SCCG’s extensive ecosystem of over 120+ client partners and its global presence across all major regions.

Through this partnership, SCCG Management will support Hoppa! Card in delivering their innovative crypto payment and banking solutions to a wider audience within the gaming industry. The synergy between SCCG’s expansive network of client partners and Hoppa! Card’s cutting-edge financial technology aims to enhance the efficiency and security of managing complex payment needs in the gambling sector.

Hoppa! Card’s flagship products, including the Exclusive Global Soft KYC High Limit Crypto Offramp VISA Card and the Unique Payment Gateway, are designed to meet the most challenging payment requirements. The VISA Card offers high limits and the highest possible privacy standards with anonymous cards, ensuring global accessibility with both virtual and physical card options. The Payment Gateway provides seamless processing for various crypto and fiat transactions, eliminating chargebacks and non-acceptance of cards, while catering to all gaming licenses and jurisdictions.

Stephen Crystal, Founder and CEO of SCCG Management, said: “Partnering with Hoppa Card allows us to provide our clients, as well as our global network of operators and platform providers, with crypto-focused payment solutions that are crucial in today’s fast-evolving gaming industry. Their innovative products align perfectly with our mission to drive strategic growth and maximize revenue for our partners.”

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Igor Lavrih, CEO of Hoppa Card, said: “We are excited to kick off the partnership with SCCG, merging our payments expertise with their deep market insights to explore new opportunities and drive innovation. We look forward to the synergies our partnership with SCCG will bring forward, delivering unique payment solutions in the gaming industry to an array of growing and established businesses.”

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Compliance Updates

Payhound Selects Chainalysis’ Crypto Compliance Solution for Regulatory and Operational Safety

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Fintech crypto company Payhound has selected Chainalysis, the blockchain data platform, to safeguard operations from exposure to malicious activity and uphold strict compliance standards.

With a strong commitment to combating illicit activities and a regulatory obligation to safeguard its customers, Payhound has chosen Chainalysis as part of its compliance and risk management strategy. This collaboration underscores Payhound’s dedication to maintaining top-tier regulatory compliance and security standards within the industry.

Chainalysis is leading the way in establishing a safe global economy built on blockchains through its blockchain data platform, which assists businesses and governments in making informed decisions and protecting their customers. By implementing Chainalysis solutions, companies gain access to a suite of investigation, compliance and risk management tools.

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Michele Santulin, Regional Director Mediterranean Area at Chainalysis, said: “In today’s crypto market, where trust is key to success, companies like Payhound need to take advantage of blockchain’s built-in transparency and use advanced blockchain analysis solutions to maintain strict adherence to regulations, protect their brands, and last but not least, offer reliable services to their customers. We are thrilled to support Payhound in that mission.”

Elton Dimech, Managing Director at Payhound, said: “Chainalysis is an invaluable resource for companies such as Payhound. Their forensic data and analytical approach, allowing for continuous crypto transaction monitoring, has proven indispensable in an effort to adhere to our own AML and Compliance obligations.”

The post Payhound Selects Chainalysis’ Crypto Compliance Solution for Regulatory and Operational Safety appeared first on European Gaming Industry News.

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Cryptocurrency

Betting on Crypto: How Crypto Casinos are Driving Mainstream Adoption

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Author: Scott Major, CCO, Transact365

In the digital age, two revolutionary trends are converging to reshape the landscape of financial entertainment: cryptocurrencies and online gambling. At the forefront of this intersection are crypto casinos, innovative platforms that are not only leveraging blockchain technology but also driving the widespread adoption of digital currencies.

By integrating digital assets into an engaging and familiar activity like gambling, crypto casinos are introducing a wider audience to the practical uses of blockchain technology. Conversely, the growing popularity of cryptocurrencies is attracting more users to online gambling platforms, expanding the reach of such platforms to tech-savvy individuals who prioritise privacy and decentralisation.

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Crypto Casinos: Pioneering Adoption

Crypto casinos represent a new frontier in the gambling industry, leveraging blockchain technology to offer players a secure, transparent, and decentralised gaming experience. By accepting cryptocurrencies like Bitcoin, Ethereum, and others, these platforms provide users with unparalleled privacy, faster transactions, and lower fees compared to traditional fiat currency casinos. This alignment with the ethos of decentralisation and financial sovereignty inherent in cryptocurrencies has attracted a growing number of tech-savvy users and early adopters to the world of online gambling.

Moreover, crypto casinos are not just leveraging cryptocurrencies; they are actively promoting their adoption. In fact, crypto casinos are expected to become more mainstream by the end of 2024.  Players who may have been previously unfamiliar with digital assets are now acquiring and using them for entertainment purposes, thereby integrating cryptocurrencies into their everyday lives. This increased exposure to cryptocurrencies through gambling fosters a deeper understanding and acceptance for their utility and benefits beyond the gaming sphere. Therefore, as cryptocurrencies gain wider acceptance, more traditional gamblers are likely to explore crypto gambling options. This trend could expand the market share of crypto casinos within the overall online gambling industry.

The Ripple Effect: Cryptocurrencies and Online Gambling

Cryptocurrencies are also revolutionising the online gambling industry by addressing long-standing challenges related to payment processing. One of the critical barriers for traditional online casinos has been the inefficiency for certain underbanked sectors and at times costliness of payment solutions –  exacerbated by stringent regulations and geographical limitations. Cryptocurrencies circumvent these hurdles by offering a decentralised payment method that operates across borders with minimal fees and swift transaction times.

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An efficient payment solution is paramount to maximising the synergy between cryptocurrencies and online gambling. Crypto casinos have capitalised on blockchain technology’s ability to facilitate instant and secure transactions, ensuring seamless deposits and withdrawals for players worldwide. This efficiency not only enhances the user experience but also expands market reach by attracting players from regions where traditional banking systems may be unreliable or inaccessible.

Harnessing Efficiency for Growth

By streamlining financial transactions through blockchain technology, crypto casinos are able to offer competitive advantages that resonate with today’s digital-first consumers. This includes faster payouts, reduced transaction fees, and heightened security measures that inspire trust and confidence among players.

The rise of crypto casinos is not merely a trend but a transformative force that is propelling the adoption of cryptocurrencies and reshaping the online gambling industry. By embracing blockchain technology and user-friendly crypto and local payment solutions, these platforms are fostering a symbiotic relationship that not only benefits both industries but most importantly the customers alike.

The post Betting on Crypto: How Crypto Casinos are Driving Mainstream Adoption appeared first on European Gaming Industry News.

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