To date, there are not many people who have not heard anything about the Bitcoin cryptocurrency. Over the 9 years of its existence, bitcoins have become very famous. They also didn’t pass the poker world and today we’ll figure out which poker rooms you can make a deposit using bitcoins, which pitfalls can be beneficial in this. Our experts provide you with an overview of the best poker sites using Bitcoin.
Best Bitcoin Poker Sites
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What is bitcoin?
What is bitcoin, is it abbreviated btc in simple words? This is a new generation of decentralized digital currency, created and working only on the Internet.
No one controls it, the issue of currency occurs through the work of millions of computers around the world, using a program to calculate mathematical algorithms. This is exactly the essence of bitcoin.
Advantages and Disadvantages of using bitcoins
Let’s start with a few advantages, due to which bitcoin largely gained its popularity.
1. Bitcoin is anonymous. You do not need to confirm your identity in any way in order to make a transfer through bitcoins and this is one of the main advantages for users.
2. Bitcoins can be mined. In fact, all cryptocurrency was produced by the users themselves, who used the power of their computers to calculate and mine coins. This in many respects gave an impetus to the development of bitcoins, because the initial complexity of the calculations was minimal and almost any user could independently generate several coins.
To date, the difficulty of obtaining has increased and specialized machines and pools continue to mine. Unlike other currencies, bitcoin production is limited to 21,000,000 coins, and gradually less and less are introduced into their circulation.
3. Low commission. Most poker rooms working with bitcoins offer the possibility of deposits and cashouts without a commission. But even if it is present, then it is minimal.
Of course, there were some Disadvantages :
4. Bitcoin is not secured; its value is conditional. They can be compared with gold, because in a number of parameters they pretty much coincide. Bitcoins also can’t be created in unlimited quantities due to cryptography. At the same time, you can’t only make purchases for bitcoins, but also change them to other popular currencies. To date, 1 BTC is approximately 1,000.
5. High volatility and several major scandals. The Bitcoin exchange rate is very variable, so keeping your bankroll in BTC you risk both increasing it and losing it significantly in money, literally in a matter of days. Also in the history of bitcoins there were several major thefts and frauds, when users generally lost all their savings on a particular exchange. For an example, you can read the history of the Mt.Gox exchange.
Overview of poker sites with Bitcoin
Important features in evaluating the best Bitcoin poker rooms that we used in our article:
- Reliability and reputation based on it
- The work of deposits and cash outs – their simplicity, convenience and features
- Traffic, rake, poker client and bonus policy
Betcoin Poker is one of the oldest cryptocurrency rooms. It has been working since 2014. The game is played on μBTC (micro bits). 1000 μBTC = 1 mBTC = 0.001 BTC.
At the end of 2017, the room was closed due to attempts by the company that owns it will focus only on Bitcoin casinos, but in February 2018, Betcoin Poker was re-launched with updated bonuses.
The bulk of players at Betcoin Poker are US citizens. The room also collaborates with the American WPN network – it works on its software and has a common tournament network.
Evening room traffic for North America watches is within 500 connections. The SNG and MTT pools are integrated with the Winning network, and the Betcoin cache tables are accessible and visible only directly.
Most of the game is focused on low limits, and the main good news is the availability of HU-tables that respawn regularly. Occasionally, an action takes place in HU PLO and NLH in the flesh to the highest limits, where Betcoin Casino players come to try Martingales new strategies with local regulars. Room regularly holds freerolls for beginners.
The Yatahay Ltd software, which uses Betcoin, is well known to Poker King / Winning players and is a strong and reliable client that offers all modern multi-tabling capabilities and doesn’t require a distribution converter to display statistics. With the tracking programs Holdem Manager and Poker Tracker – Betcoin works directly.
Deposits and Withdrawals
Deposits and cashouts in Betcoin are serviced only through the Bitcoin and Litecoin cryptocurrencies, which guarantees complete anonymity of transactions, as well as fast, semi-automatic processing of cashouts.
First deposit bonus – 200% up to 1BTC. It’s paid in installments at 2 mBTC and provides 15% rake return.
Betcoin Poker has a loyalty system of five weekly levels. Players for 1 μBTC rake are credited with 1 Point. In addition to rakeback from 10% to 55%, bonuses in the form of tickets and admission to the jackpot are provided at each level.
- WPN Tournaments and Jackot SNGs
- 24-hour reactive cashouts
- No account verification needed
- Up to 55% rakeback + bonus
- HU tables in PLO and NLH
- Tracker support
Low rake, fast cashouts, access to Jackpot SNG and WPN tournaments, promotions for beginners and high reliability of the casino brand make Betcoin an attractive option for players in markets where the use of Neteller, Skrill and credit cards for gaming is limited by law, which means and for our grinders.
At Betcoin, novice players will be surprised by the large number of freerolls where you can win real BTC, and more experienced players will appreciate the possibilities of bamhunt without strong competition.
All active players of the room get access to our VIP services, and for real grinders from 2 BTC monthly rake we have something to offer even beyond that.
Intertops Poker is the flagship poker room of the Horizon Poker Network and one of the oldest rooms in the world hosting US players. The room belongs to the gaming company of the same name from Germany, which has been operating in the market since 1983 (on the Internet – since 1996) and provides an influx of fans of bets and casinos into the poker room. Throughout its history, the company has been distinguished by a responsible approach to withdrawing money from players. Bitcoin here is very popular.
Intertops is a small room, but many Americans play at its tables up to NL400 $, and you can get a high fixed rakeback of 36%. There are also several dozen tournaments daily with guarantees of up to $ 2,000 and a small number of participants.
The Horizon network is focused primarily on players from the United States, so the peak value of the number of games in its rooms reaches late at night and early in the morning. In the evening, European time, the tables in the lobby are 15-20% less.
At peak, the total number of connections reaches 300-400 players. In cache, the game runs at 6- and 8-max tables, both in NLH and PLO. Note that there are significantly more Omaha tables in American Prime than in any other hours.
The poker room runs on Cake 2.0 software. In modern realities, it can be called obsolete and doesn’t have all those interface features, like many top-end rooms, but it is completely suitable for a regular skating rink.
Deposits and Withdrawals
The room is extremely responsible for its financial obligations to the players. When it was still part of the Cake network and its rooms had not been withdrawing money to players for years, Intertops always made cashouts for its users.
Now the poker room has several payment systems. Among them are the well-known Skrill, Neteller, ecoPayz. Also, transactions can be carried out using Bitcoin.
There are several permanent bonuses in the room. Almost all of them are aimed at getting direct rakeback. These include:
- Welcome bonus 200% up to $ 1,000
- Loyalty system or fixed rakeback 36%
- FPP race $ 4,000
- $ 1,000 Depositor Freeroll
It is activated upon the first replenishment of an account in the amount of $ 25 and using the bonus code “1000ITP”. The bonus is won in parts of $ 5 for every 83.335 Frequent Player Points (FPP’s). 1 point is awarded in cash games for $ 1 rake. The wagering time is 3 months. The rakeback you receive from this bonus will be 6%.
- US players
- Heads up tables
- Oldest brand
- VIP rakeback deal for our
- Works with trackers
- Add. room to Chico and WP
Pros and cons of playing Intertops:
- A solid gaming brand with a good reputation
- Accepts players from the USA
- Due to the dealt method, rake is credited even if you did not
- participate in the deal
- High percentage of fixed rakeback
- HUD works
- Outdated software
- Small cache traffic
The ability to make deposits and cashouts using bitcoins can be useful in a number of cases when a player wants to keep their transfers anonymous or in case of access to some not so popular rooms and networks, especially if one considers the development prospects of the Asian market, where bitcoins are very popular.
Nevertheless, you should not keep significant amounts of bankroll in bitcoins, because due to the high volatility you will expose yourself to additional risks and one rainy day it may turn out that your bankroll amount in USD has decreased by 2 times due to a significant jump in the exchange rate.