Crypto Poker – The best Cryptocurrency Poker Sites and Exchanges
In 2017 cryptocurrency has become a global phenomenon with enormous importance. As of today, crypto is booming and the next bull market has started taking Bitcoin and Ethereum to new highs.
So it’s a great time to start investing into cryptocurrencies or using crypto poker sites since there is a reasonable chance that cryptocurrencies will replace fiat money and become the money of the future.
The blockchain technology, which cryptocurrencies are based on, is a brilliant invention that has the potential to change the world, so we recommend and would like to inform yourself about it now in order to avoid instead of potentially missing out on some huge profits.
That’s why the purpose of this page is to educate and give a good understanding about cryptocurrencies as well as to introduce you to crypto poker.
In addition to that, we provide the best bonuses and constantly updated reviews of the leading cryptocurrency exchanges such as Binance plus the best rakeback deals and poker bonuses for all available cryptocurrency poker sites.
Best Crypto Poker Sites
In the widget below we have listed the best Crypto Poker Sites, which accept numerous and the most popular cryptocurrencies such as Bitcoin, Ethereum, Binance Coin or XRP for deposits and withdrawals:
Best Cryptocurrency Exchanges
Below are the best and safest cryptocurrency exchanges 2022, which provide a huge variety of altcoins as well as the lowest fees:
By signing up at Bitpanda, you will join Europe’s most popular crypto exchange. Bitpanda also offers a service called Bitpanda Pro which features very low trading fees.
- Europe’s No.1 exchange
- Licensed in Austria
- Low trading fees
By signing up at Binance, you will join the world’s leading crypto exchange with numerous cryptocurrencies that you can buy and sell.
- World’s largest exchange
- Lowest trading fees
- Lots of different coins
What is Cryptocurrency?
Cryptocurrency is a form of digital money that uses cryptography, which is the process of converting information into an almost uncrackable code.
All Cryptocurrencies are based on blockchain technology, which is a decentralized and completely transparent system.
In other words, the blockchain is an incorruptible digital ledger that can be programmed to record not just financial transactions but virtually everything of value.
The first and most well-known cryptocurrency is Bitcoin. It was invented in 2009 by Satoshi Nakamoto.
There has been a massive increase in cryptocurrency in recent years. Currently, 9,726 different cryptocurrencies are being publicly traded on big cryptocurrency exchanges such as Binance, Coinbase, Kucoin or Bitpanda.
How to buy Cryptocurrency?
First of all, you need to download a cryptocurrency wallet to be able to buy Bitcoin or altcoins such as Ethereum, Binance Coin, Dogecoin, Cardano, XRP, Chainlink, Uniswap or Polkadot.
We highly recommend BitPanda or Binance, which are the leading exchanges when it comes to buy and sell cryptocurrencies.
To register at BitPanda and open up a cryptocurrency wallet is very easy and should not take longer than two minutes.
Once this is done you are able to buy and sell your favorite cryptocurrency such as Bitcoin, Ethereum, BNB, DOGE, DOT using all popular payment options such as bank wire, Visa, Mastercard as well as Skrill or NETELLER.
When using eWallets make sure to benefit from the best cashback deals for NETTELLER and Skrill on the internet!
As soon as you have bought your preferred coin, you simply choose your favorite online poker site from above, select Bitcoin, Ethereum, Binance Coin, Litecoin or Bitcoin Cash as deposit method and start playing.
What is the best cryptocurrency exchange?
What is the best cryptocurrency exchange for you depends on your level of experience as well as if you want to simply buy or trade cryptocurrencies.
Bitpanda is the best cryptocurrency exchange for beginners as its user interface is very well-structured and the broker is very easy to use, so it doesn’t require previous experience.
If you are looking for a huge selection of altcoins or want to trade cryptocurrencies then Binance is your best bet.
The reasons are that it offers lower fees than other exchanges, it has the biggest variety of cryptocurrencies and trading pairs plus it offers advanced charting and very good promos.
Which Cryptocurrencies are accepted by Poker Sites?
The four biggest cryptocurrencies by market cap: Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) and Dogecoin (DOGE) are all accepted as payment options for deposits and withdrawals by several online poker sites.
Bitcoin and Ethereum are still by far the most accepted cryptocurrencies by online poker sites, but others such as Binance Coin, Cardano, DOT or Doge are catching up slowly but surely.
However, Ethereum is keeping up big time as all the upcoming projects and new Cryptocurrency Poker Sites such as Coin Poker and Virtue Poker are build on the Ethereum blockchain.
Another cryptocurrency, which is accepted as a payment option by a couple of online poker rooms is Litecoin.
Litecoin is a so-called altcoin, which was created in 2011 by Charlie Lee. It is part of the Lightning network and much faster and cheaper than Bitcoin.
The best Crypto Poker Sites
The question what are the best crypto poker sites is almost impossible to answer as it depends heavily on your personal taste and preferences.
It is however possible to narrow down the range to a handful of online poker sites and the widget below will help you to quickly find the best Crypro Poker rooms currently available.
We highly recommend the following Crypto Poker Sites: GGPoker, Natural8, Red Star, Bovada as well as Bodog Poker.
All of the above have been tested intensively by our team consisting of professional online poker players. We have taken all important features such as traffic, software, security, rakeback and promotions into consideration and came up with this list.
The Best Ethereum Poker Sites
Ethereum is on an insane run and just hit a new All-Time High. That’s why more and more crypto poker sites are adding it as a payment option.
The Winning Poker Network (WPN) has added Ethereum Withdrawals on the 15th of November. That means you are now able to cash out your poker profits from GGPoker, Natural8 in Ethereum!
In addition to that, there are currently two massive Initial Coin Offerings (ICOs), which will launch as online poker sites soon namely CoinPoker and Virtue Poker. Both of them will run on the Ethereum blockchain.
While CoinPoker is backed big time by the founder of Pokernews and Member of European Parliament Antanas “Tony G” Guoga, Virtue Poker has already added poker legends Phil Ivey, Brian Rast and Dan Colman as poker pros and ambassadors.
Other Cryptocurrencies accepted by Online Poker Sites
Bitcoin Cash (BCH) is a cryptocurrency that was created by a Bitcoin hard fork on the 1st of August 2017.
By setting the block size limit to eight megabytes, the number of transactions its ledger can process was increased heavily. Bitcoin Cash is much faster and cheaper to use than Bitcoin as you hardly pay any fees and transactions are almost instant.
Can I get a Crypto Poker Bonus?
Of course you can and the best thing is that a crypto poker bonus is often much bigger compared to using fiat money!
A lot of online poker sites are already endorsing the use of cryptocurrencies by offering massive crypto poker bonuses when you use Bitcoin, Ethereum or Litecoin to make a deposit.
Some online poker sites are even offering special Bitcoin Poker Bonuses of 100% up to $5,000!
Is Crypto Poker legal?
One question that is on most people’s minds is whether playing crypto poker is legal in their country? The answer is quite frankly: YES!
This question is particularly valid for countries, with unclear legislation such as the USA.
It is very important to note that neither the IRS nor the Department of Justice has said and done anything against crypto poker sites, although they are very aware that people are using cryprocurrencies to play online poker and that they convert their winnings into US Dollars.
Please Note: Playing online poker using cryptocurrencies is as legal as using cash!
What are the advantages of Crypto Poker?
First, cryptocurrencies are the perfect form of poker payment as they have no or very low fees and are almost instantaneous.
In fact, it is much safer to use cryptocurrencies as they are encrypted and decentralized, which means they have no central bank or other institution controlling them.
Cryptocurrency is anonymous and absolutely transparent, making them a perfect fit for online poker.
Cryptocurrencies are the cheapest way to fund your poker account. Except for a minuscule “miner’s fee,” there are no transaction fees at all!
The time you have to wait for your withdrawal/cashout is finally over as cryptocurrencies are faster than any other payment method! The moment your cashout is verified, the money is already available at your bank account.
But that is not all, not by a far margin as there are several advantages of Crypto Poker Sites:
- Much lower or even no fees for your deposits and withdrawals.
- Decentralization: Cryptocurrencies are managed and controlled by a whole network and not only by one central authority such as a Central Bank.
- Cryptocurrency Poker Sites are safer and transactions can’t be manipulated.
- Cryptocurrencies are anonymous.
- Crypto Poker Payments are settled almost immediately worldwide.
- Access and availability for everyone that has internet ensure social equality.
What are the disadvantages of Crypto Poker?
Although the advantages of Crypto Poker Sites clearly outweigh the disadvantages, there are some smaller downsides of cryptocurrencies.
We have listed the disadvantages of Crypto Poker Sites below:
- The market is unregulated means the regulatory framework is incomplete.
- Cybersecurity issues hot crypto wallets can be hacked.
- The lack of widespread adoption causes higher volatility.
- Having to deal with naysayers, fear, uncertainty and doubt.