Bitcoin Poker: The Ultimate Guide 2018

Hi, you gambler! Finding a good online casino where you can play poker is very easy. However, the same can’t be said on finding a bitcoin one. The process can be time-consuming and difficult.

However, luckily for you, we are about to make your life easier and give you a thorough explanation on how to win big with Bitcoin!

What is Bitcoin?

Probably you might know by now! As bitcoin’s exposure is increasing steadily. There is a lot of cryptocurrencies such as Ethereum, Litecoin and Dogecoin which you can play online poker with.

However, Bitcoin was the first cryptocurrency to be invented and the most popular until the current time. Just like other cryptocurrencies, Bitcoin is decentralized meaning that it can’t be controlled by single entity.

Amazing short video explaining basics of Bitcoin

Benefits of Using Bitcoin

Using Bitcoin when playing in an online casino has a perfect balance of pros and cons but what exactly are those? Here are all the reasons you can, and absolutely should use Bitcoin when gambling online:

Privacy

Like most of the cryptocurrencies, Bitcoin is a decentralized currency. That means that no banks have jurisdiction over the transactions made using it. And thanks to that, your details aren’t shown anywhere.

You will only be asked to provide bank account or credit/debit card details when purchasing Bitcoin from an online vendor. After that everything can be entirely anonymous.

Transaction Speed

As mentioned earlier, decentralised currencies are in no need of authorisation by banks to complete any transactions using them. Due to that, the transaction speed can be rapid and sometimes even instant.

Although, you have to remember that even though they can be rapid the time your earnings can get to you when withdrawing from an online casino is determined by how much time will the platform take to review and accept your withdrawal application.

Most online casinos have the right to hold your winnings and not let you withdraw until specific arguments are met so make sure to read the guidelines carefully when you pick and register on a gambling platform.
As soon as your withdrawal application has been accepted the money will be in your cryptocurrency wallet anywhere from about 2-10 minutes.

Flexibility

By that, we don’t mean you will be able to perform yoga exercises but what you will be able to do is to “bypass” specific laws that may apply in your country regarding online gambling.

Some countries, especially the US, have stringent prohibitions when it comes to both online and physical gambling in general.

But at the time of this writing, there isn’t a single law anywhere in the world that states you can’t use the famous cryptocurrency to play online casino games and especially the table ones such as Blackjack, Baccarat, Craps, Roulette, Poker and so on.

However, you have to be very careful because there may be laws about using Bitcoin in general in your country or gambling online. Those two can contradict and may lead gaming online using Bitcoin to become illegal where you live.

Bonuses

That may be the reason so many people like using Bitcoin when gambling on the Internet. Except for all the other pros, you will also be awarded much bigger bonuses when using Bitcoin.

CloudBet, for example, provides the biggest welcome bitcoin bonus which will match your deposit on a 100% level up to 5BTC which at the time of this writing is worth more than $30,000.

How to Start Playing Bitcoin Poker?

Just because it’s dealing with cryptocurrencies, not fiat money, Bitcoin poker doesn’t mean it’s complicated to register and play. All you need to play is to follow this 3 steps:

STEP ONE: Create a Wallet

The first step to play online bitcoin poker is to create a cryptocurrency wallet to be able to put the bitcoins to buy in it. Wallets are available online for free or you can purchase a physical bitcoin hardware wallets. The physical ones are better as they are more secure and can be controlled easily from the buttons on the ‘USB Stick’.

The most popular one has to be the Ledger Nano S which is affordable and has an elegant design and discrete design as well. Other options would be TREZOR and KeepKey as well as Jaxx.

Each cryptocurrency wallet comes with a unique address which you will be required to use when gambling online using Bitcoin.

STEP TWO: Buy Bitcoins

After the wallet is set up then the next step is to buy the coins to fill the wallet! To buy bitcoin players can buy it through credit cards by using regular money. There are many online exchanges where you can get Bitcoin.

The best two are Coinbase and BitPanda where you will be only asked to provide your bank account or credit/debit card details. Then, you just select the amount of Bitcoin you want to purchase and how you want them to be stored – hence, you have to pick a cryptocurrency wallet.

Apart from those two vendors, there are many other reputable and trustworthy choices such as Kraken, Bitfinex, Gemini and countless others. Some require more details and others less so take a look at each of the features all the vendors provide before deciding which one you’d like to go with.

STEP THREE: Deposit Bitcoin into Poker Site

The last thing you require is to pick up a trustworthy online Bitcoin Casino (mind you, we will help you later on!) and sign up to create an account on their platform.

Then you will go on your profile page and from there you will see an option somewhere on the dashboard that says “Deposit’ or “Your Funds” or anything of that sort. Click on it and then you will be asked to link your cryptocurrency wallet to your account.

After you do that you will be able to select and deposit any amount of Bitcoin you like, provided it is equal or more significant than the minimum deposit amount.

US Regulations about Bitcoin Poker

Bitcoin is totally legal in the US, in fact, it has the biggest bitcoin userbase in the world. The laws of Bitcoin poker is the same with traditional online poker meaning that it is legal upon state confirmation which is a growing industry in reality.

Gambling Laws In The USA

Our Picks for Best Bitcoin Poker Sites in 2018

There are plenty of online poker sites out there, but we came up with this specific list compiled by the six best Bitcoin poker sites you can find:

Bovada

Bovada is one of the few online casinos that accept US players and accepts Bitcoin deposits. One of the biggest advantages of Bovada is the fast payouts which tend to be a problem for casinos and bookmakers that are allowed to operate in the US. Cheques are usually delivered within five working days, and Bitcoin transfers take approximately 15 minutes.

Bovada Poker puts $2,000,000 every week in guaranteed events. In addition to that, they host a weekly freeroll with $5000 paying out 20% of top finishers!

Read our updated review of Bovada here.

Americas Cardroom

Bitcoin-Poker-Amercias-Cardroom

This casino is the first go-to place for any poker player, including the US citizens. Frequent promotions and daily tournaments are what keeps players coming back. Some of the most popular games which can also be played as tournaments are:

  • Sit and Go
  • Rebuy
  • Final Table Experience
  • Knock Out Tournaments
  • Time-Based Tournaments
  • Multi-Table Tournaments

Our Americas Cardroom review coming soon!

Ignition Casino

Ignition Casino is number three on our list, but it doesn’t mean that they have nothing to be proud of! First of all, there are freeroll tournaments as well as games with prize pools that can reach the $2,000 mark with ease each month!

When it comes to the other ones, Sit-n-Go’s are the main attraction of the site. Just to get a grasp of how much money goes into Poker in Ignition Casino you should know that more than $1.5 million is going to the prize pools each week!

There are many high paying games but at the time of this writing the one that goes on is called Golden Spade Poker Open (or GSPO for sort) which features more than 100 events and the prize pool is $3 million. The buy-ins can start from as low as a single dollar and go as high as $450. How nice does that sound?

Feel free to check out BitPokerStar’s review of Ignition Casino here.

FortuneJack

You may know this online casino as the one that accepts the most cryptocurrencies out of them all but what you didn’t realise is that they hold many poker games every single day.

On a regular basis you will find many hourly freeroll tournaments with small yet respectable prize pools but where the real fun begins is on the special ones such as the “Horror Tournament” that was held only some days ago with a prize pool of €1,500 in Bitcoin. This is just one of them. Every then and now there will be another high paying one popping out.

Need more info? Read the FortuneJack review.

CloudBet

The famous Bitcoin-only casino is known for its extensive selection of games and high payout percentage even though its games aren’t certified as “provably fair”. One of the biggest attractions of their website is the Poker room.

Their welcome first deposit awards you a 100% match bonus up to 5BTC which may as well be the highest one in the online Bitcoin gambling industry.

You can imagine their tournaments have substantial prize pools as well. They also offer some of the best paying Bitcoin poker games when it comes to freeroll ones.

Click here to visit CloudBet Casino review.

Bitcoin Poker Tournaments

Bitcoin’s growth opened new opportunities to online casinos to give more options to their players and increase their profit. The only difference between bitcoin poker and common payment poker is the conversion as the game types and tournaments are common. Here is a short recap:

Game Types

The most common game type of bitcoin poker is Texas Hold’em. Other types may include Omaha and Seven-card stud. With the difference that in normal transactions poker may be up to just 2000 while bitcoin poker can be up to 5000.

Tournament Types

Most online poker tournaments are Sit-n-Go, Bitcoin poker tournaments are the same. Either of a single table or a multi-table knockout nature. These tournaments let the players buy in with a specific amount of money and also all players on the table start with the same number of chips. Some of them may take place only for a single table until someone wins after all the other players losing all their chips.

The multi-round type is somewhat the same thing, but in this case, there are many more tables going on at the same time. The winners of each stage get a seat on the next one’s desk. The final stage winner gets the money.

In real life tournaments, the contestants may be up to 100, and that’s to say the most. When it comes to online poker tournaments, this number can easily be in the thousands.

Conclusion

If we had to choose which one we think is the best we would probably go with Bovada or Americas Cardroom due to the wide variety of game choices and the huge prize pools that accompany them. If you live in Europe, then Ignition Casino should be the best way to go for.

If you wanted to know which are the best Bitcoin poker, you could find online, we have hopefully answered that question with our well-researched list.

And if you’re still not sure about the rules – check our detailed guide on how to start playing the most popular type of poker – Texas Hold’em

Finally, we would like to wish you may win every single Bitcoin poker game you participate in.

Good luck with your upcoming online gambling adventures!

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