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There are many reasons you should try BitCoin at Black Chip Poker.
- First, it’s the cheapest way to fund your account. With the exception of the miniscule “miner’s fee,” there are no transaction fees whatsoever.
- Second, BitCoin is faster than any other payment method. There’s no waiting for transactions to clear: as soon as your deposit is verified, your BitCoins are converted to poker chips in your account.
So start using BitCoin at Black Chip Poker today, or keep reading to learn what this “cryptocurrency” is all about.
The best advice we can give you is to inform yourself about this payment method. A great place to start is the BitCoin homepage and the BitCoin Getting Started page.
So What’s BitCoin All About?
BitCoin is a new kind of money. It’s a decentralized digital currency where transactions are carried out instantly from peer-to-peer.
Payments can be sent or received anywhere in the world, and processing fees are almost non-existent.
BitCoin is exciting for many reasons, but if you’re new to the subject, we highly recommend you check out this explainer video.
Transaction Limits on Black Chip Poker
|Minimum Single Deposit: $10 USD||Minimum payout: $25 USD|
|Maximum Single Deposit: $25,000 USD||Maximum payout: $25,000 USD|
In a nutshell, here’s how it works:
- Choose your BitCoin wallet.
- Purchase Bitcoins from an exchange with your bank account, or buy them from a friend or family member.
- Go to our Poker Cashier, and click Deposit and then Popular E-Wallets.
- Enter the amount in USD that you wish to deposit; the system will tell you the exact amount to send.
- The cashier will provide you with a BitCoin address—copy it.
Go to your wallet and send the specified amount to the Bitcoin address. You have only 7 minutes to do this
IMPORTANT: If your wallet is charging a miner’s fee, you must make sure to add this fee to the amount you send. If a miner’s fee is deducted and your deposit is less than the amount you specified, the transaction will be void.
- Wait for your transaction to process (usually takes no more than a few minutes).
- Enjoy your funds at the table! If you have trouble, call us at 1-877-314-4195 or visit our Support Page.
Before You Get Started…
There are a few more things to keep in mind when playing BitCoin poker at Black Chip Poker.
1. Bitcoin Deposit Limits
- Minimum Single Deposit: $10
- Maximum Single Deposit: $25,000
2. Overfunding and Underfunding
It is very important to send the exact amount of BitCoins you specified to our cashier. If your transaction is overfunded or underfunded, it will be cancelled.
If your wallet is charging a miner’s fee, you must make sure to add this fee to the amount you send. If not, your transaction will be cancelled due to underfunding.
3. Merging Accounts
We do not accept the merging of Bitcoin balances, so if you have several Bitcoin wallets, you will have to use them in separate transactions.
We hope this information is useful; however, don’t hesitate calling us at 1-877-314-4195 in case you need further assistance using Bitcoin!
4. Bitcoin Payouts
- Minimum payout: $25 USD
- Maximum payout: $25,000 USD
- One payout per day
In order to process your payout, we require a valid Bitcoin address; please ensure you provide a new Bitcoin address for each payout you request.
Due to the fluctuation of the Bitcoin, we will try and process your payout as soon as possible.
We remind you that BitCoin is a currency that has constant fluctuations, so you might see differences in the amount sent and received due to currency conversions. Bear in mind that the rate used for the conversion will be the one available at the moment the payout is processed. Players may withdraw via Bitcoin once per day, however a player may not request another withdrawal while he/she has a Bitcoin cash out in process. In the event that a player has a cash out request pending approval, they must wait until that transaction has been approved before submitting another Bitcoin withdrawal request.
If at any time your payout is being processed and you would like to cancel it due to fluctuations, please alert us via phone at 1-877-314-4195 so we can try to stop the transaction.