Online poker sites have greatly increased in terms of number and players.
This is all due to the many innovations they try to implement in order to keep players interested, as well as to attract new ones.
- Jul 11, 2019 Ignition is one of the most popular poker sites accepting bitcoin for US and AUS players. Since 2011, Ignition has built for itself an excellent reputation for being one of the few Bitcoin poker sites offering user security and the full regulatory compliance of a US poker room. Pros of Ignition: Lots of poker games and formats are available.
- Sep 20, 2017 Poker sites which accept bitcoins can vary depending on the specific payment characteristics they have. All in all, we can distinguish between three types. When choosing the bitcoin poker site that fits your needs, consider the following classification in order to make the best choice.
- Poker Sites That Accept Bitcoin As far as poker sites that accept Bitcoin are concerned, there are quite a few and the total number is growing all the time. At first, poker and other gambling sites were wary of the currency just like everyone else.
Once of these tactics was adding bitcoins as a payment method. It helps facilitate payment processes and greatly increases the overall security of the players since there is no need to provide personal information during transactions.
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BetOnline was one of the first online poker sites to accept Bitcoin. Today it is among the most popular gambling websites on the internet, combining a high-quality gaming experience with an unrivaled reputation. In addition to Bitcoin, BetOnline accepts Ethereum, LiteCoin, Dash, and Bitcoin Cash. Bitcoin (BTC) is a form of digital currency (also called a cryptocurrency) that can be traded between two people anywhere in the world, including for chips with online Bitcoin poker sites. The list of places that accept Bitcoin grows each day, and includes Amazon, Overstock.com, the NBA's Sacramento Kings. When you have Bitcoin you must match it with the best table game in the world, Poker that is, and this is why today we are going to present you with 7 US friendly Poker sites that accept Bitcoin. If you want to know how to maximize both your earnings and your chance of winning when playing Poker online you can check our previous articles.
What Are Bitcoins?
Contents
The Bitcoin is an open sourced virtual currency which has become largely popular in recent years. It has existed for nearly a decade now, which was enough time to help the currency develop and increase in terms of value. It basically represents a peer-to-peer payment method which does not require any middle institution to process the transaction. Thus, there are no geo-politic limits except for those countries that have legally banned the use of this cryptocurrency. Apart from them, bitcoins are normally regarded as a commodity.Online casino vs land casino. Before you start playing online poker with bitcoins, you will definitely need to procure some. The easiest way to get bitcoins is by purchasing them off the market. Aside from this, there are many online currency exchange platforms where you can exchange some of the major currencies like USD or EUR for a couple of bitcoins. The third option when it comes to acquiring bitcoins is mining. This might require some IT and mathematical knowledge, but it basically allows you to gain bitcoins without spending a dime.
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Bitcoin Poker Deposits & Withdrawals
Deposits and withdrawals can be performed with bitcoins just as with any other currency offered by the poker sites. What is specific about these is the fact that you need to have a specific storage space where you keep the bitcoins and transfer them to and from your poker account.
Bitcoin e-wallets are specific storage places where players keep their cryptocurrency under a given bitcoin address. It is comprised of random letters and numbers, but plays a vital role in all transactions.
Depositing bitcoins at a given online poker site is done by inputting your bitcoin address on the site and specifying the amount of bitcoins you’d like to transfer. In order to do this, the chosen poker site would need to accept bitcoin as a payment method. Withdrawals are done the same way, solely using the address of your bitcoin wallet. These transactions are almost momentary, especially when it comes to deposits. Withdrawals are also performed fairly quickly, although it sometimes takes a few hours for the system to process the overall command. Yet, one of the main reasons people turn to this payment method for their online poker games is its promptness and efficiency.
Types of Bitcoin Poker Sites
Poker sites which accept bitcoins can vary depending on the specific payment characteristics they have. All in all, we can distinguish between three types. When choosing the bitcoin poker site that fits your needs, consider the following classification in order to make the best choice.
Bitcoin-exclusive poker sites are those sites which do not allow their players to perform payments with any other payment method. Many players enjoy these sites due to their claims that it’s less confusing and much safer. The other type of poker sites is bitcoin-inclusive.
This means that the online poker rooms allow their players to choose bitcoin out of a list of payment methods including the regular credit and debit cards, wire transfers, cash transfers etc. Even though these poker sites will normally ask you to perform your deposits and withdrawals using the same method, some poker players prefer these sites for their selection.
The third type of bitcoin poker sites includes bitcoin as a payment method only when it is used with the e-wallet Neteller. This e-wallet service is known as one of the best bitcoin storages. Apart from that, it also allows its users to convert the cryptocurrency into any other major fiat currency.
Legal Regulations & Security
The matter of legality is completely separate from the level of safety provided by this payment method. On the one hand, bitcoins are still a grey area in the global economic sphere. However, the number of explicit prohibitions does not greatly surpass the number of legal approvals. Since they aren’t regulated by any formal institution, there are no legal obstacles for players who wish to use bitcoins in their next poker game.
As for security, the encryption of bitcoin’s system is one of the safest locations for anyone’s funds. Players are able to handle their money without providing any personal information except for the e-wallet address. Plus, this currency is completely free of risk when it comes to inflation due to the fact that the number of bitcoins has been limited at 21 million since the cryptocurrency’s creation.
FAQs
There is no centralized body which regulates these processes. However, a team of developers constantly work in order to improve the system according to the needs of bitcoin owners.
Bitcoin deposits are completely free of charge, while withdrawals may require an insignificant sum for the payment processing. It usually ranges around 1% of the amount.
There is no hard evidence which would reveal the true inventor. Nevertheless, Satoshi Nakamoto is known as the pseudonym used by the real person who released this currency to the world.
Using bitcoins on poker sites is regarded as any other currency. Therefore, you shouldn’t have any problem claiming all the possible bonus offers available at your poker site.
The Bitcoin’s greatest disadvantage is the lack of governments willing to legalize it as a currency. This has an impact on its value, even though the recent period saw it rise over $1200.
By April 27th, 2018 | Last updated on November 17th, 2018
The best US deposit methods for online gamblers are the most famous ones: Bitcoin, American Express, Visa, and MasterCard. Most online casinos and poker sites accept payments using Visa, MasterCard, and Amex. The payment methods accepted for the major credit networks include credit, debit, gift cards, and prepaid cards. While real money online gaming sites are less likely to accept credit cards for withdrawals, Visa and MasterCard are available in some locations.
Increasingly, more sites accept Bitcoin payments. Blockchain technology makes Bitcoin, Litecoin, and Ethereum some of the safest and fastest payment methods. In this article, I’ll discuss the many payment options and suggest which are best for your gambling needs. Our subject today is deposits mainly, though I’ll provide information on payouts when some fact is notable. Let’s start with the newest deposit option: Bitcoin.
Bitcoin Deposits
Bitcoin is both a currency and a payment method. As you probably know, Bitcoin is the most famous and popular crypto-currency used for online casino deposits. Depositors who use the virtual currency uses blockchain technology to provide safe, anonymous, and verifiable betting deposits. Anytime a bitcoin transaction is made, the information is added to the blockchain. Because the code used for an individual transaction is unique, your payment information cannot be stolen over the Internet. Identity thieves simply cannot fake your Bitcoin code. This allows online gaming operators to send payments using Bitcoin faster than otherwise possible. View all Bitcoin poker sites here
To buy bitcoins for use online, you’ll need to go to a bitcoin exchange. This is where you convert US dollars or other traditional currencies into bitcoins. Dozens of bitcoin exchanges exist. Some of the most famous exchanges are Coinbase, BTC-e, Kraken, Bitstamp, Bitfinex, Cryptsy, BTCChina, and Bitcoin Source. This is an essential part to using bitcoin deposits at an online casino, sportsbook, or poker room, but you’ll need to pick a bitcoin wallet before buying bitcoins.
To make bitcoin deposits, you need to choose a bitcoin wallet. This acts like a credit card, bank institution, or web wallet would, holding your currency and moving it to and from the online gambling site. Top bitcoin wallets include Mycelium, Breadwallet, Electrum, Bitcoin Core, Bitcoin Knots, ArcBit, Green Address, Armory, and Bither. Many sites tell players their preferred 3 to 6 bitcoin wallets, which work best with their cashier.
Visa Deposits
With the possible exception of China’s UnionPay, Visa is the biggest credit card network in the world. Many online gamblers prefer to make deposits with their Visa credit card, because it boosts their purchases and generates a lot of rewards and cashback for their Visa account. In that way, online bettors can double their rewards, through the online casino promotions and their own credit card rewards program. Online casinos offer welcome bonuses and most have a VIP rewards program. Combined with Visa Rewards, these are two powerful ways to lower the house edge when betting online. View all Visa poker sites here
Visa depositors have several other options. Visa Debit and Visa Electron are popular payment methods for players who don’t want to expose their credit line to potential identity thieves. The online casinos we review are top-of-the-line sites which use advanced 128-bit encryption and SSL certificates to protect your information. Still, Visa Debit and Visa Electron are popular payment methods. Visa Buxx is not used as a deposit option much, because many online gambling sites accept payments from players 21 and up. I do want to discuss another type of Visa program, which deserves special attention.
Prepaid Visa Deposits
Visa Prepaid Card is a reloadable debit card. Prepaid cards are safer than credit cards, because of the limited amount of cash on them. They have worldwide functionality, because of their association with Visa. Prepaid cards can be reloaded online, over the phone, or by ATM machine around the globe. Also, you don’t have to worry about paying a bill at the end of the month or going into debt. People 18 and up are accepted without regard to credit rating, because it’s a prepaid debit card. View all Prepaid credit card sites here.
A lot of prepaid Visa cards exist, associated with one prepaid company or another. Examples include GreenDot Prepaid Visa and MyVanilla Prepaid Visa. You can either go to the Visa website to buy a Prepaid Visa Card or buy one at a retail store like Walmart, Target, CVS, or Walgreens.
MasterCard Deposits
Bitcoin Poker Sites
MasterCard is the second-largest credit card network in the United States and beyond. MasterCard deposits are accepted at all legitimate online casinos, bookmakers, and poker sites. I’ve noticed that MasterCard is used as a withdrawal method less often than Visa is worldwide, but neither are likely options as withdrawals to US players. Despite that, MasterCard is a favored payment method, because of the similar cashback and incentives offered through MasterCard rewards programs that I described in the Visa section above.
Bitcoin Poker Room
MasterCard has its own debit, prepaid, and gift card programs. MasterCard Maestro is the current debit card program, though you might encounter older brand names like MasterCard Switch or MasterCard Solo in some locations. Those who prefer prepaid cards will find GreenDot Prepaid MasterCard or MyVanilla Prepaid MasterCard, which are sold at major retail outlets across the United States. View all Mastercard poker sites here.
Play Online Poker With Bitcoin
Amex Deposits
American Express is a popular deposit method at many US-friendly online casinos. You won’t find Amex as a deposit method at quite as many online gambling sites, but hundreds upon hundreds of gaming sites do allow American Express. Amex deposits are free, instantaneous, and safe. American Express is world famous for having the best rewards program of all the major credit cards, while it handles bigger transactions than many Visa and MasterCard cards. If you are an American high roller who wants the best rewards for their credit card casino deposits, then you should make American Express deposits. View all Amex poker rooms here.
Poker Sites Accepting Bitcoin
Players who use the American Express Green Debit Card from MAIB or the American Express Green Debit Card from MAIB receive unlimited cashback and “Pay & Save” cashback, which is not always available with debit cards. Amex provides insurance and travel rewards with their green and gold debit cards, too. American Express Serve is the company’s reloadable prepaid debit card program. Different cards in Amex Serve include free reloads and 1% cashback, so shop to see which American Express Serve card is best for your needs.