Best Bitcoin Poker Sites & Online Poker Rooms
This page should serve as a guide not only to Bitcoin itself, but also to Bitcoin Poker and everything you need to know about playing online poker using Bitcoin.
In the first part of the page we explain what Bitcoin and the Blockchain technology is, how Bitcoin is produced and how Bitcoin wallets and Bitcoin exchanges work in order to give you a basic understanding of the technology behind Bitcoin.
In the second part we follow up with a guide how to buy and use Bitcoin, we explain why Bitcoin is perfectly suited for online poker and review the best Bitcoin Poker Sites and rakeback deals.
What is Bitcoin Poker?
The term Bitcoin Poker refers to online poker sites, where Bitcoin is used as currency and you are playing completely in Bitcoin.
As well as to online poker rooms where you can use Bitcoin as payment option.
How to buy and use Bitcoin for Online Poker?
When you want to use Bitcoin to play online poker, the first step is to download a Bitcoin wallet from one of the renowned Bitcoin exchanges such as BitPanda.
It only takes a few minutes to create a Bitcoin wallet. Once done connect the Bitcoin wallet to your preferred payment options such as use credit card, bankwire or eWallets like Skrill, NETELLER or ecoPayz to buy Bitcoins from a Bitcoin exchange.
Then you go to the Bitcoin Poker Site of your choice, select Bitcoin as deposit method and start playing.
This question is difficult to answer as it depends on your personal taste and preferences.
To help you quickly find the best possible Bitcoin Poker Site we have created the below list with the best Bitcoin Poker rooms currently available.
We highly recommend you to choose one of the following Bitcoin Poker Sites: Tonybet, Red Star, Americas Cardroom, Bovada, Black Chip Poker or VietBet.
All of the above have been reviewed and tested regarding the most important features such as software, security, gameplay, promotions and promotions by our team of online poker experts, so you can’t go wrong with either one of them:
Why you should use Bitcoin for Online Poker?
The answer is because Bitcoin is perfectly suited for online poker: safe, fast, cheap and anonymous! What more can you ask for?
One of the most important things to consider is that the number of pure Bitcoin Poker Sites is on the rise and that a lot of online poker rooms nowadays give special poker bonuses, when you deposit with Bitcoin.
Another one is that the fees for deposits or withdrawals are much lower than the fees for all other payment options, so you can actually save quite some money when you deposit with Bitcoin.
We have listed the most important advantages of Bitcoin Poker here:
- Bitcoin is the safest, fastest and cheapest payment option for online poker
- Payments using Bitcoin are completely anonymous
- The fees for both deposits and withdrawals are much lower
- A lot of online poker sites nowadays offer special Bitcoin Poker Bonuses
How to buy Bitcoin for Online Poker?
First of all you need to download a Bitcoin wallet to be able to buy Bitcoin. We highly recommend BitPanda/Coinimal, which is Europe’s best free service to buy and sell cryptocurrencies such as Bitcoin, Ethereum, Dash and Litecoin.
To open a Coinimal/BitPanda wallet is very quick and easy and should not take longer than two minutes.
The last two are very popular among poker players and on top we offer the best cashback deals for NETTELLER and Skrill on the internet!
Once you have bought Bitcoin, you simply choose your favorite Bitcoin poker site from above, select Bitcoin as deposit method and start playing.
To conclude our journey into the world of Bitcoin Poker, we thought it’s a great idea to sum up the most important points and create the ultimate guide to Bitcoin Poker.
When you have read the content of this site you should now have a good understanding of Bitcoin, how it works and why Bitcoin is perfectly suited for online poker.
If we have convinced you and you want to use Bitcoin for online poker, than simply follow the steps below and you will be good to go in only a couple of minutes:
- Sign-up an Account with Bitpanda clicking the banner above.
- Load your BitPanda Account using Skrill, NETELLER, Bankwire or Credit Card (Visa/Mastercard) and buy Bitcoins.
- Sign-up an Account with any of our Bitcoin Poker Sites above.
- Make a deposit using Bitcoin and start playing!
What is Bitcoin?
Bitcoin is a digital currency, which is created and held electronically. Bitcoins are not printed such as other currencies printed, they are produced by both people and businesses in a process called “Bitcoin mining”.
Bitcoin is the first and most popular cryptocurrency in the world. Bitcoin was invented by the an unknown Japanese group Satoshi Nakamoto in 2009.
Bitcoin is not only the most-used cryptocurrency, it also has by far the highest value and is constantly increasing in price breaking one record after another.
What are Cryptocurrencies?
Cryptocurrencies are digital assets designed to work as a medium of exchange. By using cryptography transactions are secured, the creation of additional units are controlled and the transfer of assets are verified.
A cryptocurrency is operating independently of a central bank, payments are super safe, fast and completely anonymous.
In addition to that, the fees for transaction using Bitcoin are much lower compared to other common payment options such as credit cards or eWallets. Bitcoin was the first decentralized cryptocurrency.
How is Bitcoin produced?
Bitcoin is produced by a competitive and decentralized process called “mining”. Bitcoin mining is the process of adding transaction records to the Bitcoin blockchain.
Bitcoin miners securing the network as well as processing transactions. They are rewarded for their efforts by the network in form of Bitcoin.
What is a Blockchain?
A blockchain is a digitial and decentralized ledger for all cryptocurrency transactions. It serves to confirm transactions to the rest of the network.
The blockchain is constantly growing as the most recent transactions, also called blocks, are added to it in chronological order.
The blockchain therefore allows market participants to keep track of transactions, so that there is no need for central recordkeeping.
The Bitcoin Price more than tenfold in the last 12 months!
Bitcoin has been absolutely crushing in the last 12 months reaching one record high after another:
Within one year the Bitcoin Price has more than tenfold increasing from $750 on the 22nd of November 2016 to $8,200 on 22nd of November 2017.
This equals an 891.9% increase within last year and no end seems to be in sight.