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Should You Be Using PayPal or Bitcoin at Poker Sites in 2019?

For many online poker players, funding your account is one of the biggest struggles you encounter. This is because it can not only be a little bit annoying (who wants to waste time making transfers when they could be playing), but because you want to be able to use a deposit method which is 100% secure, efficient and reliable.

This is why so many online poker players have turned to alternative payment methods. These methods allow you to make online transactions with speed and in a way which doesn’t compromise your bank details.

Two of the most popular online poker depositing methods in 2019 are PayPal and Bitcoin. But which should you be using? Read on below to find out.

Why Should You Use PayPal?

PayPal is appealing for a number of reasons, not least because most of us already have a PayPal account set up for online transactions. This makes it very easy to get started at PayPal casinos and poker sites.

What’s more, PayPal transactions are almost immediate, and so the funds are in your poker account in a matter of seconds. The e-wallet service also usually has high depositing limits, which means it’s the perfect method for high-rollers.

That being said, PayPal is only really a useful depositing method for poker players who are residing in the UK.

US players, on the other hand, may find it quite difficult to find a poker site which accepts PayPal deposits. This is because PayPal has a stringent acceptable use policy, which means it can only be used in the few states where online poker is legal.

Why Should You Use Bitcoin?

Unless you have been living in a cave for the past few years, chances are you’ve heard a little about the rise of Bitcoin. Bitcoin is now a very popular depositing method for online poker players.

This is because the cryptocurrency is completely anonymous. As a decentralized currency, it can be used to make untraceable poker deposits. As such, it’s the perfect alternative for US players who cannot use PayPal.

Moreover, Bitcoin is incredibly quick and easy to use, once you get the hang of it. Of course, you’ll first need to get yourself a bitcoin wallet, and some bitcoins. After that, depositing at BTC poker sites is as straightforward as any other payment method.

So, Which Method Should You Use?

Ultimately, in 2019, both methods are incredibly convenient and worthwhile. Both Bitcoin and PayPal offer advantages over traditional banking methods such as credit/debit card payments.

The deciding factor in using Bitcoin or PayPal simply comes down to location. If you’re residing in a jurisdiction where the biggest poker sites accept PayPal (such as the UK), then great! PayPal will be your best friend in making easy deposits.

However, if you’re residing in a location where PayPal distances itself from online gambling (such as the US), then you may find Bitcoin more beneficial. BTC has become an increasingly popular casino depositing method, there’s now a wide range of sites which accept it, including Americas Cardroom and BetOnline.

How Much Cash Back Will I Earn?

Rakeback increases your winnings from online poker as you continually earn money back from every raked hand or tournament you play.

Many players earn a living wage from rakeback alone. Use the calculator below to estimate the size of payments you’ll get over a given period of time. The calculator will compute your expected daily, weekly, and monthly cash back depending on the stakes and tables you input.

Calculate Your Rakeback
$125
Hourly
$998
Daily
$17,472
Monthly
$174,720
Yearly

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