FAQ – SwC Poker
SwC Poker related and general questions frequently asked in the past.
We are a small team of humans dedicated to building a secure, fair, low rake Bitcoin poker platform. We offer an honest, secure Bitcoin poker room. Player balances are denominated in Bitcoin, and all cash-ins and cash-outs are done via Bitcoin. No traditional currency is ever used. The organization chooses to remain anonymous. We’re committed to Bitcoin poker for the long haul.
As you may know, Seals With Clubs closed in early February 2015. We are SwC Poker, a network that opened at the end of February 2015 with different ownership, staff and software than the old Seals With Clubs.
Seals With Clubs provided SwC Poker with a list of former Seals usernames, krill, and e-mail addresses; no funds or passwords. Funds at Seals With Clubs were available for withdrawal from that site, using your former credentials, through May of 2015.
Original Seals usernames and krill are reserved permanently at SwC Poker. Usernames which had an e-mail address associated (which was optional at Seals) may be claimed at SwC Poker through verification of that e-mail address. Usernames which had no e-mail address associated are retired permanently.
Bitcoin is a popular peer-to-peer digital crypto-currency that has been in use since 2009. SwC Poker transacts business in Bitcoin. We make depositing and withdrawing Bitcoin fast and easy. (More information is available on our Bitcoin FAQ page).
1 Chip on SwC Poker is worth 0.000001 BTC. This unit is also known as 1 bit, or 1 microBTC (μBTC). 1,000,000 chips is equal to 1 Bitcoin.
There is no minimum deposit. All deposits are credited, down to the smallest unit of Bitcoin, 1 satoshi, also expressed as 0.00000001 BTC or 0.01 SwC Poker chips. The minimum withdrawal amount is 500 chips.
Deposits are credited after just 1 confirmation on the Bitcoin network. The time for this is variable, but averages 10-30 minutes. Withdrawals are processed regularly, averaging 4-6 hours. On rare occasion, withdrawals may take up to 24 hours.
A transaction fee must be paid to the Bitcoin network for all transfers of bitcoin. The fee required for a fast transaction is normally small, but varies based on network demand.
Depositing and withdrawing Bitcoin requires paying this network fee. For withdrawals, the required network fee is deducted from the total amount withdrawn. Players pay only network fees and SwC Poker does not charge any additional fee.
Poker experience should be similar to a live cardroom, whereby players can buy chips, play, and cash out anonymously. By using Bitcoin, SwC Poker can securely, anonymously and quickly process transactions without requiring any documentation. Only an e-mail address is required to create and use an account.
Yes. Player funds are never used for operating expenses. Players’ Bitcoins are held in several wallets of varying accessibility for security reasons.
SwC Poker does not discriminate by country of heritage or residence.