Get Started with a Bitcoin Bonus at Americas Cardroom
BTC and other cryptocurrencies might not be an available option for first-time deposits. Available methods depend on your region or country.
How does Bitcoin work?
Finding crypto exchanges
Navigating the World of Crypto Exchanges
Americas Cardroom’s streamlined search tool is designed to help you identify the best exchange for your crypto, based on the way you’d like to carry out the transaction. Those new to the crypto game can use our filters to narrow down the prospects in no time. It’s worth noting that options for crypto exchanges and their associated payment methods might be limited depending on where you’re playing from.Bitcoin For Beginners
General FAQs
What is Bitcoin?
Bitcoin stands as the most recognized digital currency globally. It acts like digital money that can be traded on various platforms instantaneously, similar to how foreign exchange markets operate. Holding Bitcoin enables you to buy products or add funds to your Americas Cardroom account.
Transactions made with Bitcoin are conducted directly between individuals, cutting out the need for banking intermediaries. This means the funds move straight from the person sending them to the one receiving. Despite Bitcoin’s prominence, the world of digital currency is vast, with numerous other cryptocurrencies in circulation.
How does Bitcoin function?
What is a blockchain?
Bitcoin can be bought, sold, and transferred across different wallets and exchanges, the digital marketplaces for cryptocurrencies. Leading exchanges offer the convenience of purchasing Bitcoin via credit card, debit card, or bank account, and you even have the option to trade another cryptocurrency for Bitcoin.
Once you’ve acquired Bitcoin, you have the freedom to send it to any recipient who accepts Bitcoin, including Americas Cardroom. It’s crucial to use a unique address for each transaction to ensure your Bitcoin reaches the intended recipient.
At Americas Cardroom, we convert your Bitcoin deposits into US dollars instantly since all gameplay is conducted in USD. When you’re ready to cash out, we’ll convert your winnings from US dollars back into Bitcoin and transfer it back to you. From there, you can keep your Bitcoin, move it, or convert it into fiat currency via your bank.
What is a Bitcoin Exchange Wallet?
What are Bitcoin's benefits?
Can Bitcoin be used anonymously?
How many people use Bitcoin globally?
Pinpointing an exact figure for Bitcoin users worldwide is tricky. However, a report published by Crypto.com in 2021 suggests the global cryptocurrency user base exceeds 200 million. Considering Bitcoin’s status as the premier digital currency, it’s reasonable to infer a significant portion of these individuals engage with Bitcoin.
Basics of Bitcoin
At its core, Bitcoin is the leading cryptocurrency, mirroring digital money that’s traded on live exchanges akin to traditional foreign currencies. This means acquiring or liquidating Bitcoin is as straightforward as transacting with British pounds, Euros, or Japanese yen on international currency exchange platforms.
Once you’ve secured Bitcoin, you can effortlessly top up your Americas Cardroom account with it. Not only is it the most efficient method for funding, but Bitcoin also stands out as the prime option for withdrawing your Americas Cardroom earnings swiftly and securely. Essentially, Bitcoin simplifies the whole payment process on our platform.
Getting started with Bitcoin for your Americas Cardroom transactions is easy. Buy your Bitcoin via a trusted exchange and send it our way. We’ll convert it to US dollars as soon as we get it. When it’s time to cash out, just reverse the process. Embrace the simplicity and efficiency of Bitcoin for your gaming needs.
Ever since we embraced our first cryptocurrency deposit in 2015, Bitcoin has soared in popularity among our users. Its fast, straightforward, and secure nature makes Bitcoin the top choice for funding and withdrawals at Americas Cardroom today. Experience the benefits of using Bitcoin on our platform yourself.
The Advantages of Bitcoin
Free from the confines of traditional banking, Bitcoin deposits and withdrawals glide through without hitches, avoiding unnecessary delays. The technology powers transactions through a decentralized network, ensuring quick confirmations without intermediaries.
Bitcoin’s standout advantages include:
- Speed and simplicity
- Zero fees from Americas Cardroom
- Enhanced payout limits and speed
- Reduced rejection rates and holdups
Whether celebrating a tournament victory or simply pulling some winnings, Bitcoin offers the quickest route for financial transactions. Opting for Bitcoin enhances your capability to withdraw more funds with greater frequency than standard payment methods.
Comparing Exchanges
| Exchange Name | Payment methods | Withdrawals offered? | Storage offered? | Mobile App? |
|---|---|---|---|---|
| Edge App | Debit Card / Credit Card | Yes | Yes | Yes |
| Coinmama | Debit Card / Credit Card / Bank Transfer | No | No | No |
| Paybis | Debit Card / Credit Card | No | No | Yes |
| CEX.io | Debit Card / Credit Card / Bank Transfer | Yes | Yes | Yes |
| Changelly | Debit Card / Credit Card | No | No | Yes |
| Cash App | Debit Card / Credit Card | Yes | Yes | Yes |
| Paxful | Debit Card / Credit Card / Bank Transfer / E-Wallets Pre-paid Cards | Yes | Yes | Yes |
| Bitstamp | Bank Transfer | Yes | Yes | Yes |
| Gemini | Bank Transfer /Bank Wire | Yes | Yes | Yes |
| Kraken | Bank Transfer /Bank Wire | Yes | Yes | Yes |
| LibertyX.com | Cash at location | No | No | Yes |
| Bitcoin ATMs | Cash at location | Cash at location | No | No |
| Bitquick.co | Bank Cash Deposit | Cash at location | Yes | No |
Deposit FAQs
How do I deposit using Bitcoin at Americas Cardroom?
Head to the Cashier section, select the deposit button, pick Bitcoin as your deposit method, and input the amount. A unique address will be generated for you to copy. Go to your Exchange Wallet, find the option to send or withdraw Bitcoin, specify the deposit value, and input the address you copied.
How long do Bitcoin deposits take?
Bitcoin deposit durations can fluctuate due to the network’s current activity, generally taking anywhere from 10 minutes to slightly over an hour. The blockchain needs to verify the transaction before the funds appear in your Americas Cardroom account.
Are there any deposit fees with Bitcoin?
No deposit fees are charged by Americas Cardroom for Bitcoin transactions. Do keep in mind the miner’s fee, which is standard for Bitcoin operations, yet considerably lesser than fees associated with alternatives like international bank wires.
To ensure the recipient gets the full desired amount, you must cover the miner’s fee on top of your deposit amount. This fee adjusts according to the Bitcoin network’s congestion level.
Where can I check the status of my Bitcoin deposit?
For status updates on your Bitcoin deposit, blockchain.com/explorer is the place to go. Upon entering the Bitcoin address you used, you can track the deposit’s progress. Deposits need a minimum of six confirmations to be recognized.
Can I buy and send Bitcoin using my debit card or credit card?
Of course! Buying and sending Bitcoin via debit or credit cards is the quickest method, with approvals usually happening within minutes. This method is far more efficient compared to the traditional bank transfer.
If you’re in the market for Bitcoin, the exchanges we’ve outlined are your best bet. Our search tool is also available to assist in finding the right exchange for your needs.
Can I buy and send Bitcoin using cash?
Yes, it’s possible to buy and send Bitcoin using cash. Find a Bitcoin ATM, which are readily available across the United States. The ATMs provide user-friendly instructions for buying Bitcoin and offer you the option to either keep it in your wallet or send it on to Americas Cardroom.
For more details on Bitcoin or other queries, our support team is on standby to help. Visit our support page for assistance.
Withdrawal FAQs
Can I withdraw with Bitcoin?
Absolutely! We highly recommend Bitcoin along with our other cryptocurrency payout methods for their efficiency. If you’re a newcomer to Bitcoin, you’ll need to sign up for an Exchange Wallet first. For guidance, peek at our wallet tutorial in the ‘Cryptocurrency Exchanges’ area. With your wallet good to go, head over to the Americas Cardroom Cashier, hit ‘Withdraw’ followed by ‘Bitcoin’ to initiate your cashout.
What cryptos are available for withdrawals?
While Bitcoin takes the cake for popularity and recognition globally, we also welcome withdrawals in Ethereum, Dash, Litecoin, and Bitcoin Cash. Simply choose ‘Withdraw’ and then ‘Cryptos’ in the cashier to explore all available options.
How long will my Bitcoin withdrawal take?
Expect your cryptocurrency withdrawals to be processed quickly. Bitcoin withdrawals, in particular, are known for their speed, usually taking under an hour.
How often / how much can I withdraw via Bitcoin?
Feel free to request a Bitcoin withdrawal once a day, capped at five times a week. For each withdrawal, the limit is $10,000.
Are there any fees on Bitcoin withdrawals?
At Americas Cardroom, withdrawing Bitcoin is free of any service fees. However, your Exchange Wallet might impose nominal charges for converting Bitcoin into traditional currency (USD, Euro, etc.). Additionally, using a Bitcoin ATM may incur fees.
Can I transfer Bitcoin to my bank or PayPal account?
Direct Bitcoin transfers to a bank or PayPal account are not possible. Instead, Americas Cardroom will send your Bitcoin withdrawal to your Exchange Wallet. There, you can convert Bitcoin to USD or another currency and transfer it to your bank or PayPal account.
What if I enter the wrong crypto address when doing a withdrawal?
Crypto transactions each have a unique address, to be used only once. We urgently suggest copy-pasting the Bitcoin address into the Cashier instead of typing it manually. Entering an incorrect address could result in your funds being sent astray, potentially lost forever.
What if I mistakenly use a Bitcoin Cash (BCH) address instead of Bitcoin (BTC), or vice versa?
Given that Bitcoin and Bitcoin Cash are separate entities with unique addresses, it’s crucial the cryptocurrency type selected in the Cashier matches the address provided. Mismatched information means the withdrawal won’t go through, and you might lose your funds.
Why did I get less for my withdrawal than I expected?
Like any currency, Bitcoin’s value is subject to change. Such fluctuations might work in your favor or not. To mitigate the impact of these changes, we advise converting your Bitcoin withdrawal into fiat currency (USD, Euro, etc.) promptly instead of leaving it in your wallet.
Should I pay taxes on Bitcoin withdrawals?
Americas Cardroom does not offer tax advice. For matters related to taxes, reaching out to a financial advisor or tax expert in your region is best. For U.S. residents, the IRS website can provide specific tax information.
Should any questions arise that this FAQ doesn’t address, our Customer Support team is ready to assist.
Depositing Bitcoin at Americas Cardroom
STEP 1 – Select Your Exchange Wallet
The initial step involves acquiring Bitcoin. This can be done by setting up an account with a Bitcoin Exchange Wallet. Remember, creating an account with an Exchange Wallet will require you to provide proof of identity and fill in some personal information. For further details about Exchange Wallet services, dive into our Cryptocurrency Exchanges section, and for a hands-on guide, our Exchange Guides section is packed with information.
STEP 2 – Buy Bitcoin
After setting up your Exchange Wallet, the next move is to fill it with funds using USD or another traditional currency. These funds are then used to buy Bitcoin. Within the Exchange Wallet, look for options labeled as ‘Deposit’ or ‘Buy/Sell’. For expedited transactions, we suggest using a debit or credit card for purchasing Bitcoin, as it typically concludes within minutes. Conversely, using a bank transfer could extend the waiting period to 1-5 business days.
STEP 3 – Send Bitcoin
To add Bitcoin to your Americas Cardroom account, visit the Cashier and follow these instructions:
- Click Deposit.
- Choose Bitcoin.
- Enter the Deposit Amount.
- Click GET ADDRESS.
- Copy this address.
- Return to your Exchange Wallet.
- Visit the Withdraw or Send section.
- Choose the type of crypto (i.e. BTC) and enter the amount.
- Paste the address into the field given.
It typically takes between 10 and 60 minutes for the Bitcoin to show up in your Americas Cardroom account balance.
IMPORTANT!
Each Bitcoin transaction has a unique address. We highly recommended copying and pasting the Bitcoin address (use the copy/paste icon in the Cashier). Do not manually type the address on your keyboard
. If there is an error with the address, you might send the Bitcoin to the wrong receiver and the funds could be lost forever.
Always visit the Americas Cardroom Cashier for a new Bitcoin address when sending Bitcoin. Never use the same address more than once!
Withdrawing Bitcoin at Americas Cardroom
Bitcoin isn’t just a quick and convenient method for funding your account; it’s equally the fastest avenue for withdrawals at Americas Cardroom. To retrieve your winnings, simply follow these instructions.
STEP 1: Get your Bitcoin receiving address
If you’re just starting with Bitcoin, it’s essential to get your Exchange Wallet ready before initiating a withdrawal. Remember, many Exchange Wallets demand ID verification and the linking of your bank account or debit card, which might take several days. However, this is only required once, and after your wallet is completely set up, you can enjoy the speed of Bitcoin payouts. Additionally, check that the exchange you select permits withdrawals, because this isn’t a universal feature. For further details, please refer to the Exchange Guides mentioned above.
Alright, your Exchange Wallet is set and verified. What’s next? Navigate to the ‘Deposit’ section on the Exchange Wallet’s website or app. Remember, the layout and the terminology they use could differ a little based on the specific Exchange Wallet you’re working with.
From the ‘Deposit’ section, choose the type of currency you want to receive from Americas Cardroom. Make sure to choose Bitcoin or BTC if that’s your desired method. Just a heads up, if there’s a mismatch between the currency or address you give Americas Cardroom and what you pick, there’s a chance you could lose your money for good. So be sure to triple check this information.
After that, you should either find or generate your Bitcoin address and make sure to copy it. Avoid writing it out on paper; to cut down on errors, just use your device’s copy and paste tools.
STEP 2: Request your Bitcoin withdrawal from Americas Cardroom
- Launch the poker client and log into your Americas Cardroom account.
- Click the red My Account button, which you’ll find on the bottom right hand corner of the screen.
- Click the Withdraw button and choose from the list of withdrawal options.
- Enter the amount you wish to withdraw in US dollars.
- Paste your Bitcoin address, which you generated in Step 1 above, into the box.
- Read the important disclaimer before proceeding.
- Click verify withdraw to submit your request.
STEP 3: Convert the Bitcoin you received to USD and transfer the funds to your bank
At Americas Cardroom, we aim to process payouts swiftly, typically in under an hour. Still, every payout goes through a review process which might extend the wait occasionally.
When your Bitcoin lands in your Exchange Wallet, you have the convenience of transferring it to your bank account. Look for a feature labeled ‘Sell’ or ‘Trade’ to do this. Due to the unpredictable nature of Bitcoin, changing it to US dollars quickly is a smart move.
Then select the ‘Withdraw’ function to transfer your cash from the exchange wallet to your bank, an e-wallet option, or PayPal. Keep in mind, some Exchange Wallets don’t offer compatibility with all these withdrawal options.
Need further assistance? Our support page is always available. Contact our Customer Service team, and they’ll be ready to assist you.
Security and Safety
Bitcoin Safety and Security
Bitcoin ranks among the top for secure banking options, assuming proper usage. Whether it’s deposits or withdrawals, following simple security measures can keep your cryptocurrency transactions safe. Let’s dive into the security measures Bitcoin offers and go over a few practical tips.
Secure Features of Bitcoin
Bitcoin is powered by blockchain technology—a public, decentralized ledger that ensures transparency and security in transactions. The open nature of blockchain makes altering transaction details incredibly difficult.
Transactions made with Bitcoin are encrypted and maintained on the blockchain, providing a secure record of your funds.
Additionally, Bitcoin transactions keep your personal information out of the equation, reducing the risk of identity theft and other digital threats.
Security Best Practices for Bitcoin Users
- Keep your passwords private and secure at all times.
- Enable two-factor authentication for added security—it’s like having a second defense for your account.
- For each transaction to Americas Cardroom, use a unique Bitcoin address. Our cashier can guide you on how to do this correctly.
- When entering your Bitcoin address, always copy and paste rather than typing it out to avoid any mistakes.
- Before initiating any transactions, double-check, or even triple-check the Bitcoin address. Once a transaction is made, it’s permanent unless the receiver decides to send back the funds by good grace.
Disclaimer
This information contained on this page is meant purely for educational and informational purposes helping players manage their transactions at WPN sites. It should not be considered investment advice, trading advice, or financial advice.
Americas Cardroom does not endorse buying, selling, or the custody of any cryptocurrencies, commodities, or securities. We urge users to undertake comprehensive research before executing any such transactions. It’s advisable to consult a licensed financial professional who’s licensed in your jurisdiction before proceeding with any investments.
None of the individuals working at Americas Cardroom or WPN hold accreditation as investment advisers, brokers, or securities dealers. Additionally, our organization does not engage or promote trading in futures, options, or any derivative forms.
Legal consultation is not within the services offered by Americas Cardroom or its subsidiaries. For legal advice, please speak with a licensed legal advisor. Americas Cardroom holds no liability for legal advice perceived from the content provided on its site.
