There are quite a few countries around the world that are still unclear when it comes to online poker and the United States is right at the front. But there is a new currency which has come into the online gambling scene which has turned everything upside down, Bitcoins. This digital currency is quickly overtaking regular currency as the preferred means of payment for online gambling. This is nothing like regular currency where players wait for months on end just to receive their checks. But before you start buying Bitcoins, I'm sure you will want to know more about it. That's why, in this article, I am going to discuss some of the important features about Bitcoins.

 

Bitcoin is basically an electronic currency which works pretty much like stocks. They can be bought as well as sold on peer-to-peer exchanges & their value is basically decided by the amount of money people want to pay.

 

The first thing you need to know about Bitcoins is that you will need to go through an exchange if you want to convert it into any physical currency. And as far as the amount of time taken is concerned, it takes anything between half an hour and a few days to settle a single transaction. The amount of time taken will depend on the exchange you are working with.

 

As far as what else you can buy using Bitcoins is concerned, if you visit bitcoinstore.com, you will see that you can buy almost anything using Bitcoins. But what's even more interesting is the number of people that have started using Bitcoins for gambling. There are a few online casinos that accept Bitcoins exclusively as well. And the best part about it all is that there is no long waiting time while your money is being processed. You won't have to wait for more than 10-15 minutes to receive your Bitcoins. Isn't that awesome?

 

If you worried about the legalities of this all then the first thing you need to know is that online gambling isn't exactly legal in the United States anyway. Why else do you think most online casinos are hosted outside the country? Anyway, since Bitcoins aren't really considered a currency, they aren't being controlled in any way and none of the existing rules apply to them. So technically, you could say that gambling online using Bitcoins is safer than using real money. Plus, when you don't have any banks in the middle to charge you fees, what have you got to lose? Try playing Bitcoin poker online today.