Black Chip Poker - How to create Bitcoin and withdraw to Bitcoin
May 3rd, 2020 12:40 PM
Poker Deposits & Withdrawals
Join Date: Mar 2015
Poker at: ACR
I’ve actually been using Bitcoin for deposit and withdrawal on ACR lately. And I have a couple thoughts on it. The first thing I’ve noticed is it is actually an easier and quicker payout option, but it does have drawbacks. For one every time you put money in your Bitcoin wallet and then use it for deposit it files it as a transaction that you can be taxed for. Then again when you withdraw using it. So I’d just warn to be careful if your worried about being taxed.
For me, the main thing is the availability and speed of withdrawal of money. I do not care what method it will be, the main thing is that the money was in my wallet, quickly and with minimal commission.
Never use bitcoins, in my case just pains. But anyway I am analyzing it, maybe it is in my interest to save in bitcoin, but of course, I do not know the commissions and details to know if it is more convenient or not.
Elon Musk himself recognized Bitcoin as a means of payment. They say it's not a pyramid. Therefore, I plan to open an account in the near future. I consider it a profitable investment of a small amount of money. Therefore, I would withdraw money to bitcoin.