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Fastest Poker Payouts

Fastest Poker PayoutsOne of the best things about poker is that you’ve got all that money right in front of you, ready to be won or lost. It is...enticing. One way or another, when the final cards are played and the pot is drained, somebody (maybe several somebodies) is leaving with actual cash in their pocket. Maybe they’ve won a stack of chips in a casino someplace, or perhaps they’ve won a pile of dimes over a friendly, vaguely drunk night at Jim’s. It doesn’t matter – real, physical money is the reward. It’s the fastest poker payout there is.

With the advent of Internet-based poker and casino games, however, convenient payouts have lagged behind. For all the benefits (and there are many), this is one aspect of the game where online poker just can’t compare to the real thing. That said, you can now monetize your winnings quickly, and it’s a simple matter to open a free gaming account and set it up to work with the best and fastest poker payouts possible.

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What Are The Best Poker Payout Methods?

The “best” poker payout methods all depend on your specific needs. For many online gamblers, it is unimportant to receive immediate payouts, and these folks tend to keep large amounts of winnings in their accounts at Bovada, Ignition, BetOnline, and other sites. When they do submit a withdrawal, they’ll often use a traceable paper mechanism like courier check, money order, or bank transfer, virtually amortizing the fees associated with these more laborious payouts. Generally speaking, money orders and bank transfers also offer the highest maximum withdrawal amounts, so they’re best suited to high rollers and high-volume bettors.

For other bettors, a peer-to-peer solution might be better. Still others will prefer virtual “gift card” and e-wallet services like Neteller and Skrill. Customers in European markets can even use PayPal. Typically, these payout options take less time than traditional paper methods, but they still often take 24-48 hours to finalize.

Lastly, there’s the cryptocurrency route. Most legal online poker sites take Bitcoin, as it’s become the gold standard for the industry. (Other sites may take additional cryptocurrencies, with Litecoin being the apparent next favorite. Ethereum is not widely used in the online poker world yet, but it’s only a matter of time before a wide menu of these 21st Century currencies is offered on a standard basis industry-wide.)

What To Use For The Fastest Poker Payouts

The fastest poker payouts are unquestionably handled via Bitcoin and other cryptocurrencies (where available). Bitcoin specifically is used at every online poker room of note, and in many ways, it is the perfect vehicle for funding your gambling lifestyle. Not only does Bitcoin provide the fastest poker payouts, it also allows users to deposit into their gaming accounts with a level of ease second to none. (For deposits, debit and credit cards are usually faster, but these transfers can be blocked or delayed by your bank at any time. Bitcoin doesn’t have that problem.)

Taken as a whole, Bitcoin is the clear choice for efficiency and ease-of-use on the user end, and it is worth your time to investigate and start trading in the cryptocurrency. Bitcoin is hands down the current king of the hill when it comes to the fastest poker payouts.

How To Speed Up Your Poker Payouts

Switch to Bitcoin. That’s it. If you don’t want to make that jump (and there are plenty of reasons to be wary when it comes to cryptocurrency in general), your only other option beyond waiting for a physical check or paying out the wazoo for a bank transfer or money order is to set up a verified credit card account for periodic chargebacks (if your sportsbook will do them in the first place, which is unlikely). Otherwise, it’s Bitcoin or wait.

Why Is Bitcoin The Best Choice For The Fastest Poker Payouts?

Bitcoin is the best choice for the fastest poker payouts primarily because the cryptocurrency is a wholly unregulated phenomenon. There is, in effect, no transactional middleman with Bitcoin, meaning that the value of the stuff is completely set by its community of users on the various exchanges. It cannot be artificially inflated or depreciated, and it is not beholden to the market fluctuations of global fiat currencies.

Further, Bitcoin is an exceedingly difficult payment system for hackers and hucksters to actually track, making it difficult for these cybercriminals to run away with your cash. While Bitcoin “heists” have happened in the past, there are better protections in place today, and there are a few things that Bitcoin users themselves can do to better guarantee the security of their investment.

Lastly (and bestly), the lack of middlemen and focused user tracking also makes Bitcoin more or less untouchable by the government. While there have been many discussions in many countries about how to regulate the cryptocurrency, these have been fruitless. Indeed, the entire point of Bitcoin is that it bypasses government oversight, and – much to master’s chagrin – it has succeeded beyond all expectations. Gambling is, in a very fundamental way, the embodiment of the free market philosophy. Bitcoin is, in an equally fundamental way, the manifestation of that philosophy in the real world. (Please bear in mind that, depending on your chosen exchange, Bitcoin may have real-world tax implications once you convert it to fiat money. Always pay your taxes and blah, blah, etc.)

What Are The Benefits Of Fast Poker Payouts?

The main reason why so many players select the fastest poker payouts is, simply, because they want their money in a manageable, spendable form as soon as possible. There is, after all, a certain amount of risk in keeping your winnings piled up in your online poker room accounts, as any significant shift in global politics can render that money inaccessible overnight. It’s happened before in the US (with the 2006 passage of the Unlawful Internet Gambling Enforcement Act, or UIGEA), and there’s always the chance that a similar disruption could happen again. A bird in the hand and all that.

Why Do Some Players Use Slower Poker Payouts?

Different players have different reasons for both opting for and against the fastest poker payouts. Folks in the latter group may be more concerned with maintaining official records and hard copies of their gambling transactions. Perhaps the specific laws in their areas – especially those dealing with income taxation – lend themselves to easier compliance via traditional payment means. No method is the right choice for everybody, and it won’t take long for you to decide on the best, fastest poker payouts for your particular lifestyle.

How Safe Are The Fastest Poker Payouts?

While there is no withdrawal method that is substantially safer or more dangerous than any other, the fastest poker payouts usually carry a small amount of additional risk compared against the more traditional avenues. That’s because the fastest methods, as discussed, are transferred via cryptocurrencies, and these come with a not-insignificant learning curve if all you’re used to is fiat money and traditional financial systems. Bitcoin is by far the most popular cryptocurrency in the online poker industry, but it brings a few unique challenges to the table.

First, the stuff is freaking volatile. Bitcoin is worth approximately $4100 per coin today, but it definitely won’t be by the time you’re reading this. Though Bitcoin is trending massively up year-over-year, it is not uncommon for its value to fluctuate by up to $500 per day. This is something worth paying attention to any time you’re converting dollars or pounds or euros to Bitcoin (or vice versa). Remember, buy low and sell high! If you’re not careful, Bitcoin’s volatility can wipe out your poker winnings. On the other hand, if you’re smart about it, Bitcoin can boost those poker winnings substantially.

Secondly, Bitcoin is still a somewhat “untested” concept – it’s only been around for about eight years, and as the progenitor of the idea of a decentralized, unregulated Internet currency, it shoulders much of the mysticism and skepticism that observers heap onto the movement. Yes, the bottom could fall out at any time, but it seems much more unlikely to do so than fiat currencies tied to governmental trade deals and borrowing limits. Still, people are trepidatious. In other words, Bitcoin seems safe, but the model is a conceptual challenge for many folks.

Finally, Bitcoin isn’t particularly accessible to casual users concerned with data security. Don’t misunderstand: Bitcoin is exceedingly secure, but you have to manage it closely. For example, do not leave your Bitcoin in an exchange-connected wallet. Instead, you want to print out your unique balance code and keep that – and your password – in hard copy. Remember, any Bitcoin left in an exchange’s digital wallet product is technically their property, and if those folks run off with your holdings, there is literally zero legal recourse. Don’t give them the option.

Which Legal Gambling Sites Have The Fastest Poker Payouts

Obviously, if you want the fastest poker payouts, you need to join an online casino that has a variety of withdrawal options for legal US gambling, an attentive customer service policy, and all-around legendary reliability. After all, it makes no difference how fast the payout is if the poker room on the other end won’t actually pay what they owe. As with everything online gambling, then, it’s best to go with one of the old standbys. Bovada, Ignition, and BetOnline all have similar poker room setups and payout options, and none of them will ever scam you out of your deposits or withdrawals.

Incidentally, each of these legal online poker rooms also accepts Bitcoin, and they each make it a point to promote the cryptocurrency to new and returning users. Bovada offers a $5000 Bitcoin welcome bonus, while Ignition offers a $2000 welcome bonus and unlimited deposit match bonuses for Bitcoin users. BetOnline (and its sister site SportsBetting) will match Bitcoin deposits of up to $1000 for new members. In every case, Bitcoin users always get the best bonus deals available. Deposit by any other method, and you’re probably walking away from significant extra poker money.

Bitcoin is obviously better for the industry of Internet poker, and it’s almost certainly better for you. If you really want the fastest poker payouts, you need to get on board with cryptocurrency and work Bitcoin into your daily financial flow.