Crypto Poker in Australia
These last few years, we’ve all seen cryptocurrency steadily start to dominate various industries, replacing traditional payment models and, in some instances, even establishing itself as the new standard. But few industries could benefit from the speed, security, and convenience that crypto provides quite as much as the gambling industry does – and none as much as the Australian online poker scene.
Whereas Australia’s Interactive Gambling Amendment Act caused many sites to stop offering their services to Aussie punters, it was cryptocurrency poker sites that remained their loyal companions. It is all thanks to the anonymity of crypto transactions. This article will go over the types of crypto poker Australia and its betting enthusiasts have access to, answer burning questions such as ‘’What is the best crypto wallet in Australia?’’ and ‘’is Pokerstars legal in Australia?’’ and explore the exciting world of possibilities that crypto and blockchain tech have opened the doors to.
Play Crypto Poker in Australia
Basic Types of Crypto Poker in Australia
Before we venture into the realm of Bitcoin, Dogecoin and the lot, we’re going to familiarise ourselves with some of the basic concepts.
Cryptocurrencies, often referred to as ‘crypto’, are digital or virtual currencies that use cryptography (codes) to secure transactions, hence the name. They operate via a peer-to-peer system that enables you to send and receive payments from anyone, anyplace. Some examples of popular cryptocurrencies are:
- Bitcoin (most popular in online poker)
- Binance coin
There are several ways to buy crypto. One, you can find yourself a reliable broker who can offer ways to purchase and sell crypto, along with other assets like stocks, bonds, etc. Alternatively, you can opt for a trusted cryptocurrency exchange. It’s important to note that when you own crypto, you don’t technically own anything tangible. Rather, you own a key that lets you move records from one person to another without involving any third party, such as a bank.
Unlike traditional, real-life currencies, cryptocurrencies are not controlled by any central authority, such as governments or financial institutions. This decentralised nature of crypto is made possible by blockchains.
Blockchains act as public ledgers of all transactions to their respective cryptocurrencies, holding records of each transaction made. Blockchains are secure, transparent, and impervious to modification. Because there’s no need for intermediaries, blockchain tech makes crypto safe from certain government restrictions, such as the aforementioned Australian Amendment Act.
Unlike their real-world counterparts, crypto wallets don’t actually contain your cryptocurrency – that’s the blockchain’s job. What they do is they keep your keys, or the passwords you use to access your cryptocurrencies, safe and right within reach. There are three main types of wallets:
- Paper wallets – The keys are written on a piece of paper or another physical medium and then tucked away for safekeeping. This type of wallet is a bit inconvenient, but hey, to each their own.
- Hardware wallets – They store your keys offline within a USB flash drive, the optimal blend of convenience and safety.
- Online wallets – As their name suggests, they’re stored on the cloud and can be accessed through a web browser.
Is Cryptocurrency Legal in Australia?
Long answer: It is legal to receive, spend, trade and store cryptocurrencies, and they’re generally accepted as methods of payment for personal and business transactions. However, what has been subject to restrictions (and betting enthusiasts should be all ears here) is the use of credit cards in online gambling transactions – they are completely banned as a consequence of the Interactive Gambling Amendment Act of 2017. Considering that it had already been illegal to provide online poker in the territory of Australia, it is now quite tricky to find providers that still have online poker on offer. But all is not lost! We have a (perfectly legal) ace up our sleeve, and that is crypto poker.
Certain poker rooms are still available to Australian players, and they all use cryptocurrency. What makes the use of the glorious invention, that is, cryptocurrency, legal in Australia is the anonymous and decentralized nature of its peer-to-peer transactions. This makes crypto the perfect solution to this conundrum, as it doesn’t need to rely on Australian financial institutions. Although the Act of 2001 banned betting platforms from providing services such as poker, there is nothing in it that legally stops you, the player, from playing it.
How to Play a Crypto Poker Casino in Australia?
Though the regulations in place may seem daunting, dedicated punters will be unfazed. After all, there is a variety of crypto options for you to choose from. Here are some of the options most popular among Australians:
- Bitcoin (BTC) Almost synonymous with cryptocurrency, Bitcoin is its original and most widely accepted form. And while some people still ask is Bitcoin legal in Australia and does Bitcoin work in Australia, most, if not all, crypto-friendly online casinos accept BTC for withdrawals and deposits.
- Bitcoin Cash (BCH) Within a blockchain, changes of protocol can occur, and we call this change ‘’a fork’’. This is what Bitcoin Cash is. It shares many of its sibling’s characteristics but also contains some new features.
- Ethereum (ETH) Being BTC’s runner-up is nothing to take lightly. Its smart contracts make everything run a lot smoother on the blockchain, it’s faster than BTC, and its fees are lower, but it is also more volatile than its more popular counterpart.
- Litecoin (LTC) Its fast transactions make it one of the preferred currencies to use in online gambling, along with its lower transaction fees and advanced encryption technique.
- Ripple (XRP) Popular for its fast and low-cost transactions.
Online Platforms to Play Poker in Australia
We’ve established that it may be a bit difficult for Aussies to find an online platform that has poker on offer, so here is a choice of three:
With Bitcoin games and promotions galore, 7Bit Casino is an excellent choice for Australian poker enthusiasts. The casino boasts over 7000 games, as well as a welcome bonus of up to $5000 on the first 4 deposits for its Australian members. Unfortunately, it doesn’t have a mobile app, so you’ll have to enjoy it from your PC.
At 21Bit, crypto is the primary payment method. They, too, have a huge library of games to browse, as well as 24/7 customer service and live chat if you run into any issues. As part of the Golden Package, they will match your 1st deposit 100%, up to 0.006 BTC, while there is also the Highroller Package, with many lucrative benefits of its own. Besides the standard lineup of slots, jackpot games, and table games, the platform offers live games of blackjack, roulette, baccarat, Texas Hold’em and live shows.
Conveniently, whichever crypto you’d like to use to make a deposit or withdraw your funds, they most likely have it.
In the race to become the top crypto casino Australia offers, there is no shortage of promotions platforms will offer. Wild Fortune isn’t behind on this account. For instance, there is a daily bonus if you make a $30 deposit in a single day, earning you up to 30 mystery spins, and that is only the beginning of their many promotions. Their loyalty program comes in seven tiers:
- Barefoot Wanderer
- Loot Lord
- Gold Reaper
Each tier has its own perks and bonuses, depending on how many points you earn.
Why Play Poker with Bitcoin Is Better?
Bitcoin is by far the most popular option among Australian online wagerers, and no wonder. First of all, it is secure. BTC transactions require no personal data, which protects you from identity theft. The next benefit of BTC is its transparency, which allows you to always find information on addresses and your balances on the blockchain. BTC is also not subject to inflation, so that is a good source of stability. Finally, BTC is not always taxed, but it’s best to check what your local tax laws say about profits made with crypto. In most cases, though, BTC is largely unregulated. Still, it is quite a game-changer!
What Is the Best Crypto Wallet in Australia
The common view seems to be that hardware wallets are the way to go.
- Ledger Nano X
- Trezor Model T
- Ledger Nano S Plus
However, if you prefer not to carry your crypto keys with you, you might want to go for a wallet on the cloud.
- Binance Wallet
- Coinbase Wallet
Best Crypto Gambling Australia Sites in 2023
Now that you’re an expert on all things crypto, here is a selection of some more crypto-friendly gambling sites that you can access from Australia and bet to your heart’s desire.
- BC.GAME Neat security features and a good selection of games. The sheer number of cryptocurrencies available lets you know that these guys mean business.
- SuperSlots They offer over 18 currencies and plenty of games to choose from. In the casino game since 1991.
- Jackbit This Curaçao-licensed site with a catchy name gives you the option to choose from over 14 cryptocurrencies. They also have a good archive of games.
- 7Bit Casino Over 7000 games and a generous welcome bonus of up to AU$5000.
- 21Bit A crypto casino with welcome offers for high rollers and newbies alike.
- Wild Fortune 7 tiers of the loyalty programme and a 1st deposit bonus of 100% up to AU$500.
Why Do So Many People Gamble With Crypto In Australia?
There is an array of reasons why Aussies opt to use crypto in their gambling journey. The tricky legislation on the topic has certainly forced their hand, so to speak, but there are other, equally compelling reasons.
Crypto Gambling In Australia Is More Versatile
The demand for more options on the online casino front reached an all-time high after the Amendment Act, so casino sites had to rise to the challenge. There are many options to choose from, each platform offering tempting promotions and welcome offers, with an abundance of games and special features.
Extremely Low Fees and Lightning-Fast Withdrawals
Especially so with Bitcoin, it’s never been easier to withdraw money, and compared to classic casinos, the fees for crypto that online casinos charge are considerably lower and, in some cases – nonexistent!
Limits Are Not A Thing On Crypto Casinos In Australia
Cryptocurrency bypasses the need for reliance on any national financial institution, so the transactions can flow freely in spite of Australia’s Amendment Act of 2017.
Players Can Make More Money Thanks To Crypto Gambling Websites
The crypto gambling platforms await Aussie punters with open hands. There are a bunch of bonuses, free spins and low fees that await those who use cryptocurrency to bet.
When it comes to Australia’s online poker scene, cryptocurrency is a game changer in the truest sense of the word. It has proven to be the optimal way to avoid relying on any third-party intermediaries, keeping everything nice and legal. It’s a good idea to do your own detailed research when choosing which cryptocurrency you want to go for, each has its own pros and cons. Also, for those exploring the world of crypto poker in Australia, it’s worth checking out discussions on crypto casino Australia Reddit, where enthusiasts share insights, tips, and experiences about the best platforms and strategies in the ever-evolving online gambling landscape.