Either you play slots or Blackjack the action you perform is called gambling, provided of course you bet money on it.
However, the game which has the most fans all over the world and thousands of poker tournaments held about it all the time is none other than poker.
The game has met great success featured in online casinos, and with the appearance of Bitcoin and other cryptocurrencies, it has risen even more.
Today we are going to talk about what are poker “cryptocurrencies”, how many there are, which the best to use are, and where you can buy them.
Some Things to Keep In Mind
When talking about online poker and tournaments where it is played we mostly refer to the variation called Texas Hold’em. So if you catch a “mistake” on something we say, please check if it applies to your chosen type of poker.
Also, there isn’t such a thing as a poker cryptocurrency, and this is why we used quotation marks in the title. However, the most famous ones used to play poker on the Internet are referred to in that way.
What Are Poker Cryptocurrencies
Just as mentioned before they are all the cryptocurrencies that are accepted by online casinos and can be used to play in their poker rooms at the same time.
In general, using cryptocurrencies can prove to be very safe as none of your details are required when registering on an online casino.
But which are those cryptocurrencies exactly?
How Many Cryptocurrencies Can You Use to Play Poker Online?
Not all cryptocurrencies can be used to play poker online. However, there are about 11 ones you can use.
These are Bitcoin, Ethereum, Dogecoin, Litecoin, Dash, Namecoin, and Novacoin which we are going to take a closer look at.
There is also Clam, Peercoin, Fujicoin, and Monero but not many online gambling platforms accept them let alone for Poker room use.
The Best Poker Cryptocurrencies You Can Use
As already mentioned there are currently seven ones you can use when playing poker online. They all have some unique features as well as share the same core elements. Let’s take a look at them.
Even though Bitcoin was created back in 2009 with the primary purpose of being used for fast and easy anonymous money transactions, online casinos quickly started accepting it when they saw how much it was growing.
Bitcoin is currently the biggest and most popular cryptocurrency in the world, and a big bonus that comes alongside using it to play poker is the great bonuses.
Ranging from welcome offers to various promotions now and then major cryptocurrency casinos like BetOnline and CloudBet both offer thousands of dollars’ worth in bonuses.
CloudBet offers the most significant Bitcoin bonus in the industry. A 100% match bonus up to 5BTC to be exact.
Those two provide some pretty good tournaments as well. Some other known casinos you can play Poker with Bitcoin are BitStarz, Betchain, Betchan, FortuneJack and many more.
As time goes by and other cryptocurrencies start becoming more trustworthy, we are sure you will be able to use them either that is to gamble online in general or in poker rooms.
Right behind Ripple and some other smaller cryptocurrencies, you will find Ethereum as the fastest one to use in transactions. Ethereum is a platform as the original cryptocurrency it provides is called Ether and is utterly easy to use.
Regarding privacy, it is match better than Bitcoin as many online casinos don’t even require you to register when using it.
You would only be asked to give a username and connect your cryptocurrency wallet address with it. Ethereum has been online for about two years now and has quickly grown to fame.
Not many online casinos accept it as of now. Some of the best ones are FortuneJack, LuckyGames, and Crypto-games.
Even though you can’t currently play poker with it, there is a platform still in the making called Virtue Poker which will revolutionise the way we use this cryptocurrency and enable us to play cryptocurrency poker safely.
Litecoin is similar to Bitcoin’s blockchain, but the transaction speed is more like Ethereum. It takes about two and a half minutes, comparing to Bitcoin’s few-hour-wait for a transaction to be confirmed and processed.
Also, is it used by many online cryptocurrency-accepting casinos and you can play poker and some other games using it.
Except for FortuneJack, you can also use it on Betcoin.ag, Bitcoin Penguin, and 1xBit.
Most people loved the Shiba Inu dog breed after watching the famous movie “Hachi: A Dog’s Tale” or the popular doge meme. For us gamblers though, we are familiar with it by using the cryptocurrency it associated with.
Dogecoin has a capitalisation of more than $350 million, and therefore many online casinos which also offer poker have started accepting it. Some of them are FortuneJack, LuckyGames, 1xBit, and Bitcoin Penguin.
There is also a poker centred version of the Dogecoin called PokerShibes which offers daily Freeroll as well as regular tournaments.
Dogecoin is faster than both Bitcoin and Litecoin – it has a 1-minute block reading speed!
With the four most famous cryptocurrencies already out of the way let’s take a look at three less favourable but still great choices.
One of them is Namecoin. It is very similar to Bitcoin code – wise thus the transaction times are very similar.
A few online casinos accept it. Those are FortuneJack, Bit777, and Monerodice. You can’t play poker on the last one.
With a capitalisation of more than $1.5 billion, Dash is one of the few cryptocurrencies so dominant to be accepted to use when playing poker on online casinos.
Apart from FortuneJack, it is also accepted by Crypto-Games, LuckyGames and the poker fan favourite – Betcoin Poker!
What makes Novacoin so influential in the cryptocurrency industry is that currently, it has a market capitalisation of about $2 billion. This can be changed in the future if needed.
Unfortunately, only three major online gambling platforms accept it. Those are FortuneJack are Winvery Casino where you can play poker and Satoshi Roulette that doesn’t have a poker room option.
Where Can You Buy Each Cryptocurrency?
There are plenty cryptocurrency exchanges available to use online. However, we will mention only the best, and safest at the same time, ones you can use.
The most popular choice is of course Coinbase. Small fees and fast transaction speed are guaranteed by the site as well as a free cryptocurrency wallet. They trade Bitcoin, Ethereum, and Litecoin.
The Best Online Poker Cryptocurrency Casino
It goes without saying that one of the top online cryptocurrency casinos, in general, out there is FortuneJack. The platform accepts all significant cryptocurrencies which can also be used to play in their poker room.
Most of them are easy to use and don’t require any personal details when registering on a gambling site that accepts them.
What most people don’t know is that as of the time of this writing the global capitalisation of all cryptocurrencies together has reached more than $160 billion and many experts believe it may as well reach the $200 billion mark by the end of 2017.
If all cryptocurrencies could be referred to as a global brand, they would be in the top 25 on the planet. Unlike other companies, their value doesn’t decrease but only increases as time goes by so it would be a pretty good time to invest in some.
Playing poker online is the future of gambling, and with all those different currencies you can use things have never been as easy as they are now.
We hope that you learned what are poker “cryptocurrencies” and found this article useful enough to get you going.
All of the cryptocurrencies mentioned in our article, as well as the platforms that accept them, are all excellent choices and you can’t go wrong no matter which one you choose to go with.
And if you’re ready to start, read our guide to the top Bitcoin casinos.