Did you know you can fund your pokerstars account using bitcoin? read on below to find out how.
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Pokerstars Don’t Directly Accept Bitcoin
First of all you should know pokerstars don’t directly accept bitcoin! This means if you go to the pokerstars cashier you won’t see an option to deposit using your bitcoin funds. This is mainly due to the volatile cost of bitcoin and the very strict regulations these sites have to abide by.
How to get Bitcoin to Pokerstars
To make a bitcoin deposit to pokerstars first signup for a neteller account. Neteller is a wallet system similar to paypal buit dedicated to gambling transactions. Almost every poker room and casino accepts neteller. However, there may be some restrictions for example many countries aren’t compatible with neteller so you may have troubles signing up through them. For example players in the USA cannot create an account (they also can’t play on pokerstars or bet365). Once you have signed up you need to verify your account by sending in copies of your passport or utility bill. This is done to prevent fraud and to comply with money laundering regulations.
Once you are signed up to neteller go to the deposit options page. Here you can fund your account like you would do with paypal. Most of the options include things like credit/debit cards or wire transfer. There should also be a bitcoin option. Clicking on this will take you to a page which will allow you to generate a bitcoin address to send funds too. From your bitcoin wallet simply send funds to the address shown. It may take a few hours to arrive depending on how much network traffic there is. Neteller may also need to approve the deposit but this is usually done automatically. Due to the fluctuating rates of bitcoin you should double check the exchange rate with neteller before depositing.
Once your funds are in neteller you can then go and deposit to pokerstars. Open up the cashier and click on deposit. You should see a neteller option. Enter your email and passcode and click deposit and you are done! You have successfully sent bitcoin funds to pokerstars. Of-course you can send any crypto funds such as ether too, simply using a bitcoin exchange to transfer crypto in to bitcoin then send this on to neteller
So, as you can see it’s entirely possible to deposit funds from bitcointo your pokerstars wallet even if the procedures is a bit long winded. However we highly recommend checking out cloudbet above, they are a dedicated crypto gambling site and you can deposit funds directly to the site without the need for a netreller account. If you are depositing to pokerstars I highly suggest you just use a credit/debit card. Trying to deposit with bitcoin won’t allow you to skip ID check or gamble from illegal countries as pokerstars check the identity of all their customers. Also if you deposit bitcoin to neteller they will also check your identity to comply with anti money l;sundering regulations. Furthermore if you deposit with a credit card to pokerstars your money is protected, using bitcoin opens you up to many scams and phishing attempts so make sure you read and understand how to secure your bitcoin, there are a lot of resources out there. Make sure you use a service like protnmail to keep your email secure and never use the same password twice. Always use 2fa when it is offered (including on pokerstars)
Pokerstars has been around for almost two decades, they have built a reputation as being the biggest poker room on the net. They have so many players that sites like party poker can’t compete when it comes to liquidity. Since their inception they have grown by offering top customer services and a huge range of games. They also offer a lot of offline events such as the EPT in Europe and also sponsors pro players at the WSOP. Pokerstars isn’t without it’s controversies as they were the biggest sites to get shutdown by the FBI during black Friday when American players were forced of the site, more recently they were bought out by amaya (which subsequently closed down full tilt poker), since the buyout amaya have been desperate to recoup the huge buyout costs and have introduced a casino and many other casino options design to separate the recreational players with there money. Many poker pros have left the site including Victoria coren. As a result pokerstars have reduced the amount of poker options and tournaments run less frequently but they continue to push their sportsbook and casino options on new and existing players. However due to their massive monopoly over online poker few other poker rooms have yet to come close to having their player pools and sizes. Therefore if you want to play in a big tournament with a big prize pool of you want to play a cash game with high limits you are stuck with pokerstars,
Bitcoin is a p2p crypto currency system. It allows you to send and receive money to anyone in the world with minimal fees without interference from 3rd parties or governments. Although bitcoin isn’t anonymous which many people think it is still a popular currency for sending and receiving money to poker rooms and other gambling sites in jurisdictions where gambling is a grey area. Remember you should always check with your local authorities to ensure that you can legally gamble or use bitcoin. Although most countries aren;’t too bothered about people using bitcoin you may also be subjected to taxes if you profit from bitcoin.
Buying bitcoin is easy and can be done via exchanges such as coinbase. You simply need to sighnup and deposit funds using a bank transfer or credit/debit card. You can then instantly purchase bitcoin or other crypto currencies such as ether instantly. Once this is done you can either hold on to your crypto currency in the hopes it rises in value or use it to deposit to a poker room such as pokerstars.. Ideally yuou should store your bitcoin offline using a paper wallet or usb key. This is to ensure no 3rd party has access to your funds. Leaving your money on an exchange is very d dangerous as it means someone may be able to hack your account or the exchange may simply run of with your money as has happened many times in thee world of crypto currencies.
Neteller is a popular wallet system, it’s kind of like paypal but for gambling sites. You can also send p2p payments to other neteller users. Neteller is a needed resource in order to get bitcoin from your bitcoin wallet to your pokerstars wallet. Once you have setup your neteller account it’s very easy to deposit. Simply go to the deposit option in your neteller account and select bitcoin. You can then generate a new bitcoin address from which you can send funds from your bitcoin wallet. You can send funds directly from your exchange which is advisable if you have just made a deposit to buy bitcoin but remember you should nbever keep your bitcoin on an exchange for any length of time. Once you have funds on your neteller account you can deposit to almost any gambling site. Just remember you need to be in a legal country to use neteller, some countries such as USA cannot use neteller. You also need to be 18+. Also the site which you use to deposit from neteller too also needs to be ion a legal country. You will be asked to verify your ID on both neteller and the new casino you deposit too (including pokerstars). A further thing to bear in mind is that some casinos or poker rooms don’t give bonuses to customers that deposit with neteller so always check the T&Cs first.