Bitcoin is becoming an increasingly popular method of funding online gambling accounts, with the Bitcoin gambling industry growing every single year and the regular gambling industry seeing more and more companies integrating Bitcoin deposits and in some cases also deposit.
One of the benefits of accepting Bitcoin deposits for the companies is that it is completely secure and comes with little to no fee for them, unlike the traditional payment methods that has a 2-5% fee and a risk of chargebacks.
The Winning Poker Network was one of the first places to integrate Bitcoin payments, both deposits and cash outs. It is a very popular method for Americans who doesn’t want to pay high cash out fees and wait up to weeks before they can have their money.
Now Enet Poker, an Italian-friendly poker network, is also accepting Bitcoin deposits, in partnership with Neteller. Neteller integrated Bitcoin deposits earlier this year and so far it has been a modest success.
When you want to deposit Bitcoins using Neteller, your Bitcoins will be exchanged into Euro’s at the market rate at the time and you will receive that amount in your account. The Bitcoins will then be converted into fiat-money and send to the poker site accepting the deposit.
At this time it is not possible to cash out in Bitcoins with the Enet Poker sites, but it is possible to cash out to the traditional cash out methods instead.