This is a discussion on Ewallets, Bitcoin or credit card? within the online poker forums, in the Poker Deposits & Withdrawals section; Hello. I rarely heard someone saying that they deposited through their original visa/master card. For some reason people prefer Bitcoin and ewallets, any specific reason
I quit from the (official) bank system. So even ewallets is out from the options. Anyway, nowadays, it is really visible, that cryptos have future, all the main companies located, or at least have offices where the banks came from. They work on legal issues.
There is no real differences, even for most of the people, it is still not clear. They can track that, too, they provide you CC for cash withdrawal, online shopping etc., too.
I just accepted that fact, it is not going to disappear, it is built in the system already. Just not regulated properly, yet, but you see the news time by time, they are going to that direction. Nothing changed, with the first boom few, not so big new faces turned up in the money world. That's all. Basically, it is already part of the bank system, the money owners had time to take their share.
So why not, I just avoid to transfer or store big amount - big for me - in crypto, in the same place. And I am pretty sure, the transfer fees and especially exchange rates will go downer and downer. Anyway it is easier for me.
"The motherf*ckers got in my head Trying to make me someone else instead"
"Saint Anger 'round my neck He never gets respect F*ck it all and no regrets!" - St. Anger, Metallica
In many countries, poker and casino have no legal status(so-called grey markets). It might be preferable to use crypto and wallets for making deposits. In my country, all gambling transactions are blocking by special state services, so we have to use Crypto
Hello. I rarely heard someone saying that they deposited through their original visa/master card. For some reason people prefer Bitcoin and ewallets, any specific reason for it or just preference?
I prefer to deposit crypto, but my poker rooms don't allow that. I lose less on the exchange of the currency when transferring the funds to crypto exchange and then make deposits. Also, easy and fast withdrawal, not like with card, we need to wait 6 days max.