partypoker has great news for their players who use cryptocurrency. They can now deposit at MuchBetter using cryptocurrencies and then use MuchBetter to deposit into their partypoker account. The payment system works with BTC, ETH, LTC and XRP. After verification, high limits are available - during the year, players can make financial transactions for $140,000.
The Luxon payment system is anoth[...] Read more » partypoker Players in Russia can Now Deposit with Cryptocurrency
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20496
we all know how big is russian market for gambling and how much they can spend,so everything that they can improve and to offer them to make bigger and faster deposit is great!when you see this numbers and how big limit will be,its crazy!for me only bad thing is this fee when you will make cashout!so for deposit you dont have fee,but for cashout its big 4 %!so silly!
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 5395
I don't really like cryptocurrencies that much, because their value varies a lot, and sometimes that is a headache, now, a few months ago I was about to open an account in MuchBetter to deposit in rooms with cryptocurrencies and when I went to the application I saw in the comments various complaints of this application, it gave me a lot of distrust and from there I did not download it, well I need your comments from those who use that application.
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13310
Russia is a big country with a lot of potential and it is normal for them to introduce anything that is for their benefit. I don't like virtual currencies, but bitcoin is very valuable and can be accepted. The other currencies do not know what their value is, but i prefer dollars, euros or money from my country.
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 5395
Someone of you uses that MuchBetter application, I want you to tell me your opinions, because I feel very distrustful of many negative comments and complaints that many have made on many platforms and within the application.
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13310
sometimes it is complicated with these applications, because errors can occur and your money disappears. Then you will have to waste time to recover them. From my point of view, these coins were created to make money for banks and virtual coin makers. It would be best to invent a universal currency and one existing in each country.
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20496
I also love more to use cards,real cash,skrill and not to think about this crypto,how much they will worth every day and so on!I know that this is maybe easier for some players and they will have big limit for deposit and cashout,but when you see this fee,then everything is clear!but russians love every way of transactions and gambling!
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 5395
That's right, my friend, it is better to have applications that are recognized worldwide and work with recognized currencies, the danger of these cryptocurrencies is that they change in value every day, and you cannot actually have a specific amount in the future.
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13310
the exchange rate increases or decreases depending on the tricks of the bankers. They make money from it and all we have to do is to use a few currencies. Russians people will also accept this option because are many, they play a lot and have experience with dollars, euros, virtual currencies or anything else.
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 5395
Each one chooses what money they can use for their transfer in poker rooms, once I spoke with an assistant in natural8 and they told me that there is a considerable percentage of players who deposit in cryptocurrencies through coinpayments, but I do not do it because I have fear of it.
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13310
You must to have confidence, because these virtual currencies are just like the money from bank accounts. I talking about electronic transfer part... The coins will not disappear from your account due to exchange rate. Only a major fall can do that. Trust in Russians peoples because there are many and they use these virtual currencies.
Joined: Dec '14
Location: Greece
Age: 40 (M)
Posts: 2122
More and more people nowadays use cryptocurrency for their purchases online . they trade with these currencies , its not like it used to be many years ago when very few used them . Its very convinient for many , especially in countries with many restrictions in the free market . Far too many players will like this from Partypoker
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20496
but with crypto you have problems with their value,because they can fall or grow every day and you cant be sure what value you will have when you make cashout!thats why I like more this regular currencies,cards and cash! but also big problem is this fee that they will took from you on your cashout,4 % is big amount!
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13310
This decision will bring more cryptocurrency depositors for this poker room. Party knows that the russians peoples have cryptocurrencies on the international markets and it will be easier for them to use. It will be good for their benefits.
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 5395
Cryptocurrencies have advantages and disadvantages, but I think that for more security I use regular currencies, in cash, nothing has happened to me with my virtual currencies, I do have some crypto but it is in smaller quantity.
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20496
its funny how they want that people use this type of deposits,because they will not take any fee for that,but when you will earn something,they they will take nice amount from you,which isnt fair! for example,if you want to make cashout of 100 K,they will take 4 K for fee,which is big amount!for pro player this kind of big cashouts isnt strange!
Joined: Dec '14
Location: Greece
Age: 40 (M)
Posts: 2122
I haven't tried withdrawal or deposit with crypto yet , wanted to create a crypto e-wallet , but coinbase wanted a different document , and that made me furious , since then it's on ice , I trust coinbase . I think I have read most good commentds for coinbase . Maybe I will try somewhere else in the near future , then deposit and withdraw from a poker room where I have cash balance , tickets , $T , they promote crypto currencies exchanges , I think it's threir best withdrawal option . As for fees I do not know , until now I thought that most fees wete absorbed , that you didnt pay a lot , guess I will find out when the time comes
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13310
in a year we can see a short summary of the accounting of these amounts that will run in party poker, because general figures are official and then it will be proved the effectiveness of this choice. This marketing strategy is good and will bring interest.
Joined: Sep '19
Location: Peru
Age: 29 (M)
Posts: 5395
The problem with cryptos is that if you fail in something like in the transactions you lose your chips, and you have no one to claim, it is very risky, even with the price fluctuations every month.
Joined: May '09
Location: Croatia
Age: 39 (M)
Posts: 20496
no matter how much money you have on account,nobody want to give fee for something that he dont need to and nobody want to pay some site fee just because he want money that he earned!if this would be some normal amount,players wouldnt care,but to take 4 % its just too much!
Joined: Jan '14
Location: Romania
Age: 44 (M)
Posts: 13310
The risk of losing is much higher in cryptocurrencies than at normal currencies. To be honest, I don't like to have a job and to be paid with crypto. I would like LEI (RON), dollars, euro or anything else, but not something like bitcoin. Russian players will use this, but i don't know how much confidence they have in currency fluctuation.
