Best Bitcoin Poker Sites in 2021
Bitcoin is a kind of virtual currency which you use to make digital purchases or trade as bonds or stocks. For buying and selling cryptocurrency like Bitcoin, you have to use a Bitcoin exchange. Bitcoin is used in gambling sites to play games like poker. This digital cryptocurrency makes things much convenient for poker rooms, as well as the players as it enables speedy transactions with low fees and anonymity.
Bitcoin and online poker are perfect for each other. It is especially attractive for all the casual players out there who don’t want to stay the circumvent regulation or the radar that can have an effect on their access to their favorite poker rooms.
However, when you are depositing Bitcoin to play poker, you have to make sure you have chosen the right site. With this guide, you will be able to choose the right site.
Poker Sites That Accept Bitcoin
Here are the top Bitcoin poker sites.
- Fair Poker
- mBit Casino
- Tiger Gaming
How Do We Rate the Best Crypto Poker Sites
We make sure that you play only on the best sites. So, we examine the sites thoroughly and handpick the ones that should make it to our life. Bitcoin poker sites are exclusive. Hence, casinos have to work really hard to make the cut.
Here are a few parameters we consider to rate the Bitcoin poker sites.
In case you have already played poker over the internet and haven’t ever heard the term Rakeback, you need to consider yourself ripped off. Rake is the term signifying the percentage the site takes from each hand it deals. It is one of the primary ways the casino makes money. Nevertheless, the bad always comes with something good. This is where Rakeback comes in. It is a common form of motivation for loyal gamblers who secure a percentage of the rake based on their activity. So, to list the poker sites, we examine the Rakeback percentage and policies for finding the platforms which are worth the time.
Collection of Poker Games
Irrespective of what people say, you can enjoy enough good things. This is applicable to your poker game, too. Keeping that in mind, we list websites that offer a greater diversity of poker games. We check if the website only focuses on Texas Hold’em or also offers other poker games. However, this doesn’t mean that the poker site should give you dozens of poker only for the sake of it and sacrificing its quality. It is our duty to ensure that whatever the site offers works well.
The third criteria we assess while listing the sites is the tournaments. We check each offer provided by the site for assessing the tournament quality and find out how valuable they are to the punters. Our team also pays attention to the number of tournaments that are at the disposal of the players and if there is a guaranteed prize, irrespective of the money a player deposits.
After checking all these factors, we get only the best Bitcoin poker sites on the list.
How to Use Bitcoin to Play Online Poker?
Using a cryptocurrency like Bitcoin in real money poker sites might seem a little complicated for beginners. However, in reality, it is duck soup.
Here’s what you have to do.
Register on a Cryptocurrency Exchange
If you have to use poker Bitcoin, you need to secure them first. You can only do this on the cryptocurrency exchange. It is the place where you will be able to buy Bitcoins for flat money. This is just like a Bitcoin exchange store.
Selecting an exchange might be a little tricky because of the legal restrictions related to using the service. So, you have to do research and choose an exchange that has been legalized in your residential country.
Once you find the right exchange, you can sign up to create an account. In order to create an account, you need to provide basic information such as email address, password, full name, and country of residence. After filling up the required field, the operator is going to send a verification code to the email. So, open your email to verify the account.
When you have verified the account, it is time you buy some Bitcoins. So, purchase a fiat currency, USD or EUR to swap for Bitcoins. You can fund the cryptocurrency account in various ways, including,
- Wire Transfer
- Credit and Debit Cards
- Directly from the Bank Account
It is a simple process. Although bank transfers take a little longer, credit and debit card deposits are quick. However, debit or credit cards might charge a certain fee.
Set Up a Bitcoin Wallet
The next step you need to take is to create a Bitcoin Wallet. It is not possible to deposit from the exchange to real money poker sites, directly. Hence, you will have to set up an account with the provider of the Bitcoin wallet.
A Bitcoin wallet is a software storing Bitcoin. It is just like an e-wallet storing fiat cash. The wallet serves as an intermediary between the poker site and the Bitcoin platform. There are many Bitcoin wallets that you can use.
Transfer the Bitcoins from the Exchange to the Wallet
Assuming that you have bought Bitcoins as the exchange platform and have already created the wallet, you now have one thing to do and that is to play on your preferred Bitcoin poker sites. So, transfer the Bitcoins from the exchange to the wallet.
You will find the feature that lets you transfer crypto in all wallets and exchanges. You just have to enter the number of Bitcoins you would like to send to your wallet and use the two-factor authentication for verifying the payment.
Register Into a Poker Site
Now, it is time you make your first money deposit. For that, you need to choose the right site.
Deposit Bitcoin in the Poker Site
After signing up, you have to deposit in a real money poker site. The process varies with the site you are choosing. However, the steps are almost the same.
- Find the Cashier section and choose Bitcoin from the available payment methods.
- Type the number of Bitcoins you would like to deposit.
- Copy the Bitcoin address of the poker operator.
- Open the Bitcoin wallet and insert the amount you would like to transfer.
- The funds are transferred instantly and you can start playing your favorite poker game.
What Are the Main Benefits of Using Bitcoin?
Even though many might be skeptical about using poker Bitcoins, there are various advantages of it. Let’s take a look at them.
Poker belongs to a heavily regulated gambling industry. In some countries, the gambling laws are quite strict and not everyone will be able to access their preferred poker room. Even if they do find a poker site accepting punters from your country or play at an off-shore poker site, you might not be able to deposit funds. This is because the banks will not authorize the payments. In that case, you can use Bitcoins. It isn’t subjected to any banking or government laws.
Bitcoin has been customized for the poker industry. This is mainly because of the anonymity it offers. There are Bitcoin poker sites that prioritize anonymity. It makes them better than their competitors. Poker players look for privacy. With privacy, they will be able to win real money at the poker table without even revealing their address or names.
Not only does Bitcoin offer anonymity at the poker sites but also lets punters transfer their wins to the bank account statement where the money came from. Thus, it is advantageous for countries where wins from gambling are taxed.
Since it is cryptographic in nature, Bitcoin is much safer than conventional payment methods. All your cryptocurrency transactions including Bitcoins are encrypted and verified many times at different points on the network. Moreover, once you make the deposit on a real-money site, the fund is going to go into cold storage with the passcode that will keep it safe from prying eyes.
Putting your faith in the poker operator might be easier to say than done, particularly if you have heard about the scam sites. So, you might not be sure if the poker sites are safe. This is where Bitcoin poker comes into play.
Cryptocurrency and Bitcoin sites use algorithms to generate odds that are proven fair, all thanks to the Blockchain technology, the technology that is the base of all cryptocurrency. The poker sites integrate fair features to make sure that the games are random and fair.
It is one of the most popular forms of poker. It is easy to play and since it is popular, you will find many informational sources.
It is second in its popularity. Hi refers to the highest-hand being given the entirety of the pot at showdown. It is generally played as a pot-limit game.
Before Texas Hold’em, 7-Card Stud had been quite popular. The gameplay is much different from the other forms mentioned above.
2-7 Triple Draw
It is a 5-card hand poker game. In this, a poker player will have 3 attempts to make the most of their low hand.
Now, you know everything about BTC poker. Sure, it has a bit of a learning curve. However, the good thing is once you get the hang of it, this is one of the most straightforward payment methods you can use.