Bitcoin poker review

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Bitcoin poker review

Why Play Bitcoin Poker?

Bitcoin poker review

Лучшие покер-румы на Биткоин и другие криптовалюты

Bitcoin poker review

However, those with a clearer understanding of the law knew that if there was a way to bypass the legislation prohibiting payment processing, it would be possible to continue playing online poker in the US — legally. Hence Bitcoin Poker was born. This section lists the various methods of transferring funds in and out of online gambling accounts which are prohibited. There is no mention in this section of peer-to-peer transfers or cryptocurrencies — even though digital ecash protocols have been around since With nothing in law to prevent Bitcoin transactions, the concept of playing online poker with the cryptocurrency quickly took off. Bitcoin poker was not only popular with poker players, but also with currency libertarians — which led to some easy pickings in the days of the first Bitcoin poker sites and attracted more poker players to investigate the concept. Taking things one step further, bitcoins are not recognized by governments as being legal tender, therefore you are not playing poker with real money according to any and all legal entities. Because bitcoins are not controlled by governments and are not touched by large financial and banking institutions, the transfer of funds to and from real money poker accounts is in no way illegal. Of course, none of this stops some people from believing that all forms of online poker are illegal in the United States. US poker sites are looking to increase the volume of players using Bitcoin by offering special bonuses and promotions over the festive season. The great thing about Bitcoin apparently the singular is the correct form of address is that you do not have to understand anything about the concept of how cryptocurrencies work in order to play online poker with Bitcoin. Using Bitcoin to play online poker is easy, safe and — if you chose the right poker sites that accept Bitcoin — potentially lucrative. In addition to many sites that you may have heard of beginning to offer bitcoin poker, there has been a major influx of other, entirely new sites looking to grab ahold of this new, lucrative market. In the years that followed the introduction of bitcoin poker, sites emerged and really pulled away from the pack. Nowadays, some of the best bitcoin poker websites emerged as bitcoin-only sites rather than extensions of pre-existing sites. In addition to being a peer-to-peer currency over which governments have little control, Bitcoins are mostly bought and sold over the Internet. This means that with no banks involved transaction charges are kept to a minimum. As many online poker players will appreciate, regularly losing 4 percent or more of your bankroll on a currency transaction can make the difference between your online poker experience being profitable or not. With no financial middle man to pay, you will consistently see that fees associated with bitcoin deposits are much smaller than they are with fiat currencies. This is something you should always research before committing to a site and making a deposit, but it is true more often than not. Another advantage associated with playing online poker with bitcoins is the speed with which withdrawals are processed. Once again, because you are not dealing with any major, multinational financial institution, payouts tend to take place in moments rather than days or weeks. A third advantage offered by bitcoin poker rooms is the anonymity tied to deposits and withdrawals. When you play at traditional sites, it is a necessity that personal and financial information be offered up in order to execute a transaction. With bitcoins, however, every transaction—though tracked and logged for transparency purposes—is completely anonymous. This means that you do not even need to put your first and last name out there, let alone your bank account and routing numbers. For people who are concerned about keeping their personal information safe and secure, bitcoin presents endless opportunities to do exactly that. The primary disadvantage of playing online poker with Bitcoin is that the value of the cryptocurrency in relation to other currencies can be volatile. Although the risk of a negative fluctuation is mitigated by online poker sites that convert Bitcoin to US dollars, players on sites that are Bitcoin-exclusive can see the value of their bankrolls increase or decrease dramatically irrespective of how they perform at the poker tables. Most visitors to BitcoinsPoker. Within that objective, each visitor has their own criteria of what is important to them and this may include We do, however, know a thing or two about playing online poker with Bitcoin and look forward to meeting you at the virtual tables!

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Who would have thought that Bitcoin would have come so far, in such a short period of time? Billion dollar corporations such as Dell, Expedia, and Microsoft do as well. Websites promote it. Periodicals, like Bitcoin Magazine have emerged to publish news about it, as have cryptocurrency discussion forums. Hundreds of crypto exchanges have been developed in order to trade it. It has its own application programming interface API , price index, and published exchange rate. Just a few years ago, the idea of using Bitcoin to play games of chance online was just a pipe dream. But now, it is a reality. In fact, there are many gambling websites that allow you to use Bitcoin. Using cryptocurrency makes things convenient for both players and poker rooms alike, because of the speedy transactions, anonymity, and low fees. Today we would like to share with you the top Bitcoin poker sites. If you still are not sure what cryptocurrency is, let me remind you that Bitcoin is a decentralized virtual currency known as a cryptocurrency. To cut through some of the confusion surrounding Bitcoin, we need to separate it into two components. On the one hand, you have bitcoin-the-token, a snippet of code that represents ownership of a digital concept — sort of like a virtual IOU. On the other hand, you have bitcoin-the-protocol, a distributed network that maintains a ledger of balances of the token. Since Bitcoin is an unregulated currency, it presents an excellent way to play in gray markets. Online gambling operators have realized their potential. Thus, the number of crypto gambling sites is increasing. Today, there are three primary ways to play online poker with cryptocurrency: Bitcoin-only websites, sites accepting BTC as a payment option, and sites that accept crypto deposits through Neteller. The casino has a very impressive game collection, with several casino poker variations and very generous deposit bonuses. Betcoin Poker They hold all sorts of freeroll and buy-in tournaments and have a decent community size. BTC deposits and withdrawals are instant and customer support is quite good. With tables at all stakes, heads up, 6 and 9 max tables of any poker variation and an onslaught of continuous buy-in and freeroll poker tournaments kept this site at the top for a long time. While it is still a good place to play, the community has migrated to other sites. Betcoin Withdrawals usually take 24 hours or so, which is very slow, while the customer support could be a bit more courteous. The player base is not the largest, but Betcoin is part of the Winning Poker Network, and players can enjoy huge and frequent tournaments daily. NitrogenSports A browser-based gambling site that is easy to navigate and allows you to play anonymously. CloudBet is one of the best Bitcoin casinos with a good selection of virtual games. Bovada One of the biggest online gambling sites made its glorious return to the main stage recently. BTC withdrawals are handled within a few hours, even though the casino reserves the right to process them for up to 48 hours. While this timeframe is unreasonably high, the longest it took for one of my three withdrawals was five hours. No downloads, no installation. Bet Online You can have a lot of fun here either in tournaments or cash games. They have high stakes tables and daily tournaments for all skill levels. Somewhat disappointingly, the only poker games are of the video poker variety, but at least the selection has 24 different types. One of the greatest advantages of mBit is the huge list of software providers that really contribute to the diverse experience and different gameplay. The competition is very soft, so skilled recreational players can definitely make a buck here. Smooth interface, great variety of games and attractive live casino action await video poker enthusiasts at Bitcasino. Bitcasino has very decent welcome bonuses, but you can benefit from them only if you play slots, which makes it less than ideal for casino players. Best Bitcoin Poker Sites Sites 1. The player base is not the largest, but Betcoin is part of the Winning Poker Network, and players can enjoy huge and frequent daily tournaments. Playing poker at Betcoin on an Android device is kind of overwhelming though. The poker room requires Android users to download a specific browser called the Puffin Web Browser in order to even load the game. CloudBet Casino is a Curacao-regulated poker room that was established in The Cryptocurrency-only online casino is not a provably fair gaming platform. On the other hand, CloudBet offers a Random Number Generator RNG certificate to ensure that gameplay results are statistically random and unpredictable. There are nearly 50 video poker variations to keep you entertained and help you earn the coveted loyalty points, which count toward cashing out the very generous matched deposit bonus of up to five BTC. A friendly customer support team and independent audits guarantee smooth and fair gameplay for those who are ready to test their skill and will against the mighty RNGeesus. Getting started at CloudBet — signup and initial deposit — takes less than two minutes. Withdrawals are processed instantly. Playing poker at CloudBet on an Android device does not require a specific browser or app. FortuneJack offers you the best experience anywhere in the industry, whether you are new to the game, or have been playing for years. You start playing immediately, which means you can learn the basics at your own pace. Besides poker, FortuneJack offers various crypto dice, slots, and other casino games. Additionally, players can qualify for cashback, rakeback, and a generous casino first deposit bonus. Best of all, withdrawals and deposits take minutes to process. Everything is done through a web browser, but the site is fully optimized for mobile devices. SwC is one of the crypto websites dedicated exclusively to poker. Bitcoin transactions and account management function very smoothly. SwC has a restriction though: it is available only for Windows users. You have to download their client to play, and it has yet to be released for any other platform, desktop or mobile. The site has an impressive variety of games and the lowest rake on a gambling site that I have seen. The latter is particularly attractive and quite unique to SwC. The interface allows players to transition smoothly from one area of the site to another. Viewing your account settings, betting on sports and customizing your own bets is simplified and makes using the site pleasant for beginners and experts alike. Registration does not require an email or any personal information of any kind and can be done in 2 simple clicks of the mouse. Deposits require 0 confirmations so you can start betting as fast as the Blockchain permits, and withdrawals are virtually instant. Accounts can be secured with 2-Factor Authentication if players wish to maximize the safety of their coins. Poker can be played in all stakes with a legitimately decent interface, chat box included. There are freeroll tournaments which run every hour for unskilled players to participate in if they so choose with 1 mBTC payouts for 1st place. Can I play Bitcoin poker in the U. The short answer is yes, although, because online gambling is essentially unregulated in the United States right now, except in 3 states, playing on a gambling site that both accepts U. This part of the article might be especially useful for American poker fans because they otherwise would have to wait a long time for payouts to arrive and sometimes would have to pay substantial surcharges. Ignition Poker is the largest site in the U. These sites on the Chico Poker Network are heavy supporters of digital currencies, as evidenced by their recent decision to transact in Litecoin, in addition to Bitcoin. Bovada is a wonderful place for BTC gambling, and also for casino games and sports-betting. There are separate welcome bonuses for each type of gaming. The limits at Intertops are a bit restrictive, but they should be fine for most players looking to just play a few tables now and again. Grand Poker is among the newer gambling networks, but it can handle large deposits and payouts because of its association with the large 5Dimes sportsbook. The range of valid BTC amounts is a bit wider than at other WPN skins, so this might be a better solution for some people. SwC Poker is the latest evolution of the old Seals with Clubs, which first introduced cryptocurrency to the gambling ecosystem. Nitrogen Sports is probably the most well-known Bitcoin sportsbook around, and they added poker to their portfolio in A note to U. Coinbase is one of these. Make sure to read all of the rules and regulations before using an online wallet to make deposits into an online casino. You can also use a hardware wallet , which is the safest way to store your coins. They have no restrictions, and require no middle man for storage or transactions. The legality of a gambling site is dependent on the country in which it is based. For instance, depositing and withdrawing cryptocurrencies in European-based websites is entirely legal. On the other hand, Bitcoin gambling websites are usually illegal in the United States, thus U. As BTC is not seen as official money yet, it is handled like playing for play-money in many countries — which makes it perfectly legal. There are many crypto casinos that are secure and provably fair in their games and payouts, as there are many fake and unfair casinos that are not secure. Because cryptocurrencies are largely unregulated by governments, many Bitcoin casinos can operate freely without a license or any oversight whatsoever. Bitcoin grants highly valuable online anonymity, but it does bring about a handful of problems that have yet to be addressed convincingly. Bitcoin poker sites should continue perfecting their security policies. Constant monitoring of their expanding player base can reduce the unfair play significantly.

Bitcoin poker review

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