FAQ Sticky - What is TLHC Beta Launch?
TLHC Beta Launch A is currently underway, focusing on creating a quality product for players interested in playing Limit Holdem on their phones or computers. During this beta phase, the following limitations apply:
Stake Availability: Only the lowest stake—which corresponds to 1/2 USD Limit Holdem—is available. The club intentionally avoids handling larger sums of money during the beta period. Instead, they encourage players to join, explore the software, and help build a player pool in a relaxed manner.
Transition to Beta Launch B: Once Beta Launch A concludes, the club will transition to Beta Launch B. If all aspects of the club prove satisfactory and any issues are resolved, they then plan to move into the official launch phase.
Stake Details: The 1/2 stake is played as 0.1/0.2 TLHC and will be raked at 0.1%.
Deposit Opportunity: Depositing 100 USD (equivalent to 10 TLHC) allows players to try out the software at that stake level and enjoy some fun games.
Feedback Welcome: Suggestions for improving the club during this period are welcome.
Upcoming Stakes: In Beta Launch B, additional stakes such as 0.4/0.8 TLHC and 1.2/2.4 TLHC will be added to the available games.
Timeline: There is no exact timeline for when Beta Launch A or B will end; updates will be provided as things evolve.
FAQ Section TLHC
Here we will update information that we think is relevant or could be helpful for players in the club.
1. Why can I only deposit in Cryptocurrency?
TheLimitHoldemclub (TLHC) operates with a payment and security approach centered around cryptocurrency. Here’s how it works:
Cryptocurrency Transactions: TLHC uses cryptocurrency for transactions to maintain player anonymity. Given that private clubs operate in an unlicensed and unregulated space, cryptocurrency serves as a convenient and secure choice.
Safety and Cost-Effectiveness: Cryptocurrency offers a safe and cost-effective solution for creating a deposit and withdrawal structure. Unlike costly payment processors, this approach aligns with TLHC’s vision of keeping player funds within the player pool.
Minimal Overhead: TLHC avoids paid personnel and streamlines its payment system to minimize resource-intensive processes. The setup prioritizes efficiency and sustainability.
Strict Structure: Players buy chips using cryptocurrency, ensuring a straightforward process. Funds remain within the club’s wallets until withdrawal, reducing complications and credit-related issues.
Summary: TLHC’s commitment to player-centric, essentially rake-free Limit Hold'em is reflected in its payment system. TLHC Crypto wallets currently offer four ways to deposit cryptocurrency and receive chips for playing in the club on the app: Sending USDT on the Ethereum Network, Sending USDT on the Polygon Network, Sending USDC on the Ethereum Network, and Sending USDC on the Polygon Network. No other deposit options exist at the moment.
2. How does Stablecoin work?
A stablecoin is a type of cryptocurrency that is designed to have a stable value, typically pegged to a specific asset or a basket of assets. Unlike other cryptocurrencies like Bitcoin or Ethereum, which can experience significant price volatility, stable coins aim to maintain a steady value. This stability is achieved through various mechanisms, such as collateralization, where the stablecoin is backed by a reserve of assets held in custody. Another method involves algorithmic adjustments to the supply of stablecoins to maintain price stability. Stablecoins can be used for a wide range of purposes, including as a medium of exchange, a store of value, and for remittances. Their stable value makes them especially useful for everyday transactions and as a hedge against the volatility of other cryptocurrencies.
3. How does USDT work?
USDT, which stands for Tether, is a cryptocurrency that operates as a stablecoin. It was launched in 2014 with the aim of providing a digital asset backed by traditional fiat currencies, such as the US dollar. USDT works by pegging its value to the value of the US dollar on a 1:1 basis. This means that for every USDT token in circulation, there should be an equivalent amount of US dollars held in reserve. This ensures stability and helps to minimize volatility in the cryptocurrency market. USDT has gained popularity over the years, particularly in the world of digital trading, as it offers a reliable and easy-to-use alternative to traditional fiat currencies. Its history is marked by its steady growth and adoption, making it one of the most widely used stablecoins in the cryptocurrency ecosystem today.
4. How USDC work?
USDC, or USD Coin, is a type of cryptocurrency that operates on the Ethereum blockchain. It was created as a stablecoin, meaning its value is pegged to a fiat currency, in this case, the US dollar. This stability is maintained through regular audits and reserves held by trusted financial institutions. USDC allows for instant, low-cost transactions across borders, making it a popular choice for global payments and remittances. Launched in 2018, it was a joint venture between Circle and Coinbase, two prominent companies in the crypto space. The idea behind USDC was to provide a digital asset that combines the benefits of blockchain technology and the stability of traditional currencies. As a result, it has gained widespread adoption and is now one of the most widely recognized and trusted cryptocurrencies available.
5. How do I create USDC-wallet on Polygon Network?
To create a USDC wallet on the Polygon network, follow these steps. First, ensure that you have a compatible wallet that supports Polygon, such as Metamask. If you don't have one, install and set up Metamask on your browser. Next, click on the Metamask extension and select the Polygon network from the network options. Once you have switched to the Polygon network, click on "Add Token" and search for USDC. Select the USDC token and add it to your wallet. Now, you have successfully created a USDC wallet on the Polygon network. You can now use this wallet to send, receive, or store USDC tokens on the Polygon network.
6. How do I fund my USDC Polygon Wallet?
There are various methods available to fund your USDC wallet on the Polygon network. One option is to use a cryptocurrency exchange that supports Polygon. You can deposit funds into your exchange account and then transfer them to your USDC wallet on Polygon. Another method is to use decentralized finance (DeFi) platforms. These platforms allow you to lend or borrow digital assets, and you can use the borrowed funds to fund your USDC wallet. Additionally, you can participate in yield farming by providing liquidity to liquidity pools on decentralized exchanges (DEXs) such as QuickSwap. By doing so, you can earn rewards in the form of additional tokens, which can be converted into USDC and added to your wallet. It is essential to research and choose the method that best suits your needs and provides the necessary security measures
To create a USDC account on your Ledger for the Polygon network and fund it, you need to follow a few simple steps. Firstly, ensure that you have a Ledger hardware wallet and access to the Ledger Live software. Open Ledger Live and connect your Ledger device to your computer. Next, navigate to the Manager tab in Ledger Live and install the USDC app on your Ledger device. Once the app is installed, open it on your Ledger device and ensure it is connected to Ledger Live. Now, select the Polygon network within the USDC app on your Ledger device. To fund your USDC account, you can transfer USDC tokens from an existing wallet or exchange to your Ledger address on the Polygon network. Ensure that you double-check the recipient address before initiating the transfer. By following these steps, you can easily create and fund your USDC account on your Ledger for the Polygon network.
7. How do I Set up my USDC Ethereum Wallet?
To set up a USDC wallet on the Ethereum network, follow these step-by-step instructions. Firstly, ensure you have a compatible wallet. Popular options include MetaMask, MyEtherWallet, and Trust Wallet. Once you have selected your preferred wallet, download and install it on your device. Next, open the wallet and create a new account. Your wallet will provide you with a unique address for your USDC tokens. Make sure to securely store your private key or seed phrase. After setting up your wallet, visit an exchange or a decentralized finance (DeFi) platform that supports USDC. Deposit your desired amount of USDC into your wallet by sending it to your unique wallet address. You are now ready to use your USDC wallet on the Ethereum network for various purposes like trading, lending, or making payments. Remember to always keep your wallet secure and updated with the latest security measures.
8. How do I Fund my USDC Ethereum Wallet?
To fund your USDC wallet on the Ethereum network, there are several steps you can follow. Firstly, you need to ensure you have an Ethereum wallet that supports USDC. Once you have a compatible wallet, you can proceed to the next step. The most common way to fund your USDC wallet is by purchasing USDC tokens from a cryptocurrency exchange. You can transfer your purchased USDC tokens to your wallet address on the Ethereum network. Another option is to receive USDC tokens as payment for goods or services. In this case, you would provide your USDC wallet address to the person or entity making the payment. Lastly, you can also participate in decentralized finance (DeFi) platforms that offer lending or borrowing services, where you can earn or borrow USDC tokens to fund your wallet. Remember to always double-check the transaction details and ensure you are using a trusted platform or exchange to fund your USDC wallet securely.
9.How do I create USDT-wallet Ethereum network?
To set up a crypto wallet for USDT on the Ethereum network, follow these step-by-step instructions. Firstly, ensure you have a reliable and secure internet connection. Next, download a reputable crypto wallet app that supports USDT and Ethereum. Install the app on your device and create a new wallet. Remember to choose a strong password and enable two-factor authentication for added security. Once your wallet is set up, open the app and navigate to the "Add Token" or "Manage Tokens" section. Find USDT in the list of supported tokens and click on it to add it to your wallet. You may need to enter the USDT contract address, which can be found on the Tether website. After adding USDT, you are ready to send, receive, and store your USDT on the Ethereum network securely.
10.How do I Fund my USDT-Wallet Ethereum network?
There are several methods to fund your USDT wallet on the Ethereum network. One common method is to use a cryptocurrency exchange platform that supports USDT and Ethereum. You can deposit funds from your bank account or other cryptocurrencies into the exchange, and then convert them into USDT. Another option is to use a decentralized exchange (DEX) that operates on the Ethereum network. These DEXs allow you to directly swap one cryptocurrency for another, including USDT. Additionally, you can participate in Initial Coin Offerings (ICOs) or token sales on the Ethereum network to acquire USDT. However, it is important to be cautious and ensure the legitimacy of the project before investing. Lastly, you can also receive USDT as payment for goods or services, if the sender is willing to transfer it to your wallet.
11. How do I create USDT-wallet polygon network?
To set up a crypto wallet for USDT on the Polygon network, follow these step-by-step instructions. Firstly, ensure that you have a compatible wallet that supports the Polygon network. Next, download and install the wallet application on your device. Once installed, open the wallet and create a new account by following the provided instructions. After your account is set up, navigate to the network settings within the wallet and select the Polygon network. Then, locate the option to add a new token and search for USDT. Once found, click on the USDT token and choose to add it to your wallet. Finally, confirm the transaction and wait for it to be processed on the Polygon network. Congratulations! You have successfully set up a crypto wallet for USDT on the Polygon network.
12. How do I Fund USDT-wallet polygon network?
To fund your USDT wallet on the Polygon network, there are several step-by-step methods you can follow. Firstly, ensure that you have a USDT wallet set up on the Polygon network. Then, you can choose to deposit funds from an external wallet or exchange. Transfer the desired amount of USDT to your Polygon wallet by selecting the deposit option and providing the relevant wallet address. Another method is to use a decentralized exchange (DEX) on Polygon. Connect your wallet to the DEX and navigate to the USDT market. Here, you can choose to directly swap another cryptocurrency for USDT or provide liquidity to earn fees. Lastly, you can consider participating in yield farming or liquidity mining programs on Polygon. These programs offer rewards in USDT for providing liquidity to various protocols. Remember to research and understand the risks associated with each method before proceeding.
13. How do I Transfer USDC/USDT to TLHC Wallets?
When initiating a deposit with TLHC you will be given the TLHC recipient-address for either USDC or USDT on the Ethereum or Polygon Network, depending on your preference.
To transfer funds from your USDC Polygon wallet to another USDC Polygon wallet, you can follow these steps. Firstly, ensure that you have both wallets set up and connected to your preferred cryptocurrency exchange or wallet provider. Next, access your USDC Polygon wallet and locate the option to send or transfer funds. Enter the recipient's wallet address, which should be provided by the recipient. Double-check the address to avoid any mistakes. Specify the amount of USDC you wish to transfer and review the transaction details. Once everything is accurate, confirm the transfer. The funds should now be sent from your wallet to the recipient's USDC Polygon wallet. It is worth noting that you may incur a small transaction fee, so it's advisable to review the fee structure before proceeding.
To transfer USDC from one Ethereum wallet to another, follow these step-by-step instructions: 1. Open your current Ethereum wallet and navigate to the USDC token. 2. Locate the option to "Send" or "Transfer" USDC and click on it. 3. Enter the recipient's Ethereum wallet address where you want to send the USDC. 4. Specify the amount of USDC you wish to transfer. 5. Before confirming the transaction, review the fees involved. These fees typically include gas fees, which are required to process the transaction on the Ethereum network. 6. Ensure you have enough ETH in your wallet to cover the gas fees. 7. Double-check all the details, including the recipient's address and the amount of USDC. 8. Once you are certain, confirm the transaction. 9. Wait for the transaction to be processed and confirmed on the Ethereum network, which may take a few minutes. 10. Once the transaction is completed, the USDC will be successfully transferred to the recipient's Ethereum wallet. Please note that the exact steps and interface may vary depending on the Ethereum wallet you are using. Make sure to consider the current gas fees and have enough ETH to cover them for a successful transaction.
To transfer USDT from one Polygon wallet to another Polygon wallet, you can follow these steps: 1. Open your Polygon wallet application or connect to a supported wallet provider. 2. Ensure that you have USDT tokens in your wallet, or deposit them into your wallet if needed. 3. Navigate to the "Send" or "Transfer" section within your wallet. 4. Enter the recipient's Polygon wallet address in the provided field. Make sure to double-check the address for accuracy. 5. Specify the amount of USDT you wish to transfer. Take into account any transaction fees involved. 6. Review the transaction details and confirm the transfer. 7. Wait for the transaction to be processed on the Polygon network. 8. Once confirmed, the USDT will be successfully transferred to the recipient's Polygon wallet. Please note that there may be network fees associated with this transaction, which can vary depending on the network congestion and gas fees at the time of the transfer. Make sure to have enough funds in your wallet to cover these fees.
To transfer USDT from one Ethereum wallet to another, follow these steps: 1. Open your first Ethereum wallet that holds the USDT tokens. 2. Make sure you have the address of the second Ethereum wallet you want to transfer the USDT to. 3. Access the USDT tokens within your first wallet and locate the "Transfer" or "Send" option. 4. Enter the address of the second Ethereum wallet as the recipient of the USDT tokens. 5. Double-check the address to ensure accuracy to avoid any loss of funds. 6. Specify the amount of USDT you wish to transfer to the second wallet. 7. Confirm the transaction details, such as the gas fee, and proceed with the transfer. 8. Wait for the transaction to be confirmed on the Ethereum network, which may take a few minutes. 9. Once confirmed, check the balance of your second Ethereum wallet to ensure the USDT tokens have been successfully transferred. Please note that it is crucial to be cautious while entering the recipient's address to avoid any loss of funds.
14.How do I Get chips in the Club once transfer is done?
TLHC (TheLimitHoldemclub) has a structured approach for deposits and withdrawals using cryptocurrency. Here’s how it works:
Initiating Deposits:
You start the deposit process through the Telegram/WhatsApp channel with TLHC.
Once TLHC receives the USDC/USDT transfer, you will receive TLHC chips in the club to play with.
Deposit/Withdrawal Structure:
By initiating the deposit, you’ve set up the deposit/withdrawal structure.
When you wish to withdraw from the club, follow the same process.
Withdrawal Process:
Upon withdrawal, the USDC/USDT will be returned to the same wallet (either USDC/USDT Polygon or Ethereum) that you used for the deposit.
This ensures that no one can impersonate you and withdraw funds to another wallet.
Confirmation and Security:
If you need to withdraw to a different wallet, you’ll be asked to sit at a private table in the App to confirm your identity.
At the time of deposit, you can also request that withdrawals only go to the wallet you deposited from. Note that this request cannot be changed later.
FAQ Section 1
About Mobile poker apps, history and legality of private clubs for real money
1.What's the history of poker through mobile apps?
Mobile app poker operators have come a long way since their inception. The history of these operators dates back to the early 2000s when online poker started gaining popularity. As smartphones became more advanced, so did the poker apps. Today, the mobile app poker industry is thriving and has become a massive market. With millions of users worldwide, these operators offer a seamless and convenient way to play poker anytime and anywhere. They provide a wide range of game options and attractive features that attract both casual players and professionals. The industry has also witnessed the emergence of numerous poker tournaments and championships exclusively for mobile app users. The accessibility and convenience offered by these operators have contributed to their immense growth and popularity, making mobile app poker a significant player in the global online gaming market.
2.Whats the history of private real money clubs online?
The history of offering and building private clubs on mobile poker apps for real money is a fascinating journey that has shaped the online poker market. Over the years, these private clubs have provided a unique and exclusive experience for players seeking a more personalized and intimate setting to enjoy their favorite poker games. This concept has gained immense popularity, attracting a growing number of enthusiasts and reshaping the landscape of online poker. The timeline of this portion of the market showcases a steady growth, with new apps and platforms emerging to cater to the demand for private club experiences. As technology continues to advance, the future of private clubs on mobile poker apps for real money looks promising, offering even more immersive and interactive gameplay for poker enthusiasts worldwide.
3.Hows the market for real money clubs online now?
The market for online poker clubs on mobile apps like PokerBROS, ClubGG, and Pokio is indeed substantial. While these operators cannot offer or endorse real money games, they serve as social media gaming outlets by providing poker software for creating private poker clubs. Interestingly, a significant number of players actively create and participate in real money games through these clubs. Although specific figures are not readily available, the popularity of these apps and the growing demand for private poker club games indicate a thriving market. These clubs provide a unique and exclusive experience for poker enthusiasts who prefer a private, anonymous setting convenient from their phone. With the convenience of mobile apps and the ability to play with real money, these clubs—sometimes forming unions—successfully attract a dedicated player base. As the online poker industry continues to evolve, the future for these private clubs remains promising, with more players joining in and the market expanding further.
4.Will Authorities crack down unlicensed private clubs?
Authorities may not be cracking down on real money poker clubs operated as private clubs on poker mobile operators such as PokerBROS or ClubGG for several reasons. Firstly, it may be challenging for authorities to monitor and regulate these private clubs effectively due to their online nature. Additionally, these platforms may operate within legal gray areas, making it difficult for authorities to take decisive action. Furthermore, authorities might prioritize their resources on more pressing matters or activities that pose a greater risk to public safety. However, it is important to note that running such a club responsibly and within legal boundaries does not guarantee complete safety. Players should exercise caution and ensure the credibility and reliability of the platform before participating in real money poker games.
5. Is this club even legal?
Maybe not? The legality of poker in club-form is murky, varying by jurisdiction and local laws. Over the past five years, playing real money poker in online private clubs has gained large popularity worldwide, without authorities cracking down. Large player unions, consisting of numerous clubs and thousands of players, have emerged. While it remains uncertain whether starting such a club is fully accepted now or just impossible to stop, TheLimitHoldemclub (TLHC) has decided to take the risk to create something needed for the Limit Holdem players.
6. So is this club not very shady then?
TLHC (TheLimitHoldemclub) exists to create a space for Limit Holdem enthusiasts—a space that we believe is currently missing. Our approach emphasizes a nonprofit model, with a completely different rake structure compared to other clubs. We do this out of love for the Limit Holdem game.
Many players have experienced the frustration of large sums of money suddenly disappearing from regulated online poker sites. Sometimes, regulators can’t even provide satisfactory answers. Licensed and regulated poker isn’t always beneficial—for your wallet or anything else.
At TLHC, we prioritize responsible deposit schemes and aim to offer an authentic poker experience. The decision to participate in TLHC’s Limit Holdem games is yours, and anonymity is your option.
7.How do I know my money is safe with TLHC?
TLHC (TheLimitHoldemclub) is committed to ensuring a secure and transparent environment for players. Here’s how we handle deposits and withdrawals:
Cryptocurrency Transactions: TLHC exclusively uses cryptocurrency for transactions to maintain player anonymity. Given the unlicensed and unregulated nature of private clubs, cryptocurrency provides a convenient and secure choice.
Rigid Structure: Each TLHC wallet will have a strict limit on how much player fund it can hold. This ensures that player funds are safeguarded and never compromised.
Hands-Off Approach: Once deposited, the funds remain untouched. Only trusted personnel will have access to each wallet. We prioritize security and integrity.
Withdrawals Assurance: As long as no complaints arise regarding withdrawals, consider it evidence that we are diligently fulfilling our responsibilities.
Dedicated Wallets: The USDT or USDC in TLHC’s Cryptowallets will never be diverted for any other purpose. These funds should always match the amount of chips held by players in the club.
8.Wouldnt my money be safer regulated and licensed?
In recent years, there has been a significant controversy surrounding the regulation of online poker sites by regulatory bodies like the Malta Gaming Authority (MGA). One of the major concerns that have emerged is the occurrence of player funds being lost. While the intention behind regulatory oversight is to protect players and ensure a fair gaming environment, instances of mismanagement or fraudulent activities have led to the loss of funds for a number of players. This has sparked debates about the effectiveness of regulatory measures and the ability of such bodies to adequately safeguard the interests of online poker players. Critics argue that stricter regulations and enhanced supervision are necessary to prevent such incidents, while proponents of self-regulation advocate for greater transparency and accountability within the industry.
FAQ Section 2
About how to set up your cryptowallet and deposit and withdraw with TLHC
FAQ Section 3
About the App and the software we play on and gamblingaddiction
1.Tell me abit about our app - PokerBROS?
PokerBROS operates on a business model that revolves around private club-style poker. This means that players can create or join private poker clubs hosted on the platform and enjoy poker games with their friends or other club members. The poker software used by PokerBROS has undergone rigorous testing to ensure a fair and secure gaming experience for all players. Various tests have been conducted to evaluate the integrity of the software, such as testing the random number generator, analyzing the shuffling algorithms, and monitoring the gameplay for any signs of cheating or manipulation. By implementing these measures, PokerBROS aims to provide a transparent and trustworthy environment for poker enthusiasts to enjoy their favorite game. It should be noted that PokerBROS is a social media gaming platform and not a real money pokersite. Real money only takes place in the private clubs where club-managers and agents set real money games up with their player-pool. As mentioned this might not be legal in many jurisdictions but nonetheless now a major player in the poker market. Example of other mobile operators offering the possibility of creating private clubs are ClubGG , PPPoker and UPoker. Below you can find a couple of links where you can read more about the app PokerBROS.
PokerBros Review — All You Need to Know (2024 update) (worldpokerdeals.com) PokerBROS (reddit.com)
2.When should I seek help for gambling-addiction
If you're wondering whether you're a gambling addict or not, there are certain signs you can look out for. Firstly, ask yourself if you have the ability to control your gambling habits. If you find it difficult to stop gambling or if you feel restless and agitated when you try to cut back, it could be a sign of addiction. Another indicator is if gambling starts to interfere with your daily life. Are you neglecting your responsibilities, such as work, family, or personal relationships, because of gambling? Additionally, if you're constantly thinking about gambling, spending more money than you can afford, or experiencing mood swings related to your gambling behavior, it might be time to seek help. Remember, if you suspect you have a gambling addiction, reaching out to a professional can provide you with the support and guidance needed to overcome it.
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