iPoker Network Site to Accept Bitcoin
Bitcoin is legit. ipoker network member, WinPoker.com, is adding Bitcoin support for deposits and withdrawals to its customer service options. The move marks the first time a major online poker network will offer first-class Bitcoin support.
Though ipoker is not the first notable poker name to offer Bitcoin ewallet options – US-facing poker site Seals with Clubs, online casino SatoshiDice, and independent poker room Switch Poker all permit Bitcoin payments – it is the first of the big-name poker brands to endorse and accept Bitcoin.
ipoker is the largest network of online poker rooms operating internationally, and features over 30 brands all sharing the same player pool. Among the brands is William Hill, Betfair and Titan Poker. ipoker also operates smaller networks in the regulated markets of Italy, France and Spain.
WinPoker.com players can deposit Bitcoin's decentralized crypto-currency directly into their Bitcoin wallets via the poker site's cashier. The transaction typically takes no more than ten minutes to be recorded, after which the money is made available in the player's account. Players who store their wallets on their smartphones can deposit by scanning a QR code.
Withdrawals are made via request and are sent to players' Bitcoin wallets in about the same time as traditional withdrawal methods.
The funds held within the WinPoker.com cashier will be converted into the currency of the player's choosing upon receipt. Currency options include Euro, US dollars, UK Sterling and Indian Rupees.
Fans of the alternative currency say that one of its biggest advantages is the fact that all Bitcoin transactions are anonymous, which greatly reduces the risk of fraud, player identity theft and security breaches.
Said James Lucas, a spokesperson for WinPoker.com, “Players control their own wallets, and choose what (if any) personal information to associate with them.”