Step-by-step guide to playing online poker with Bitcoin Step 1 - Take a crash course in cryptocurrencies. Step 2 - Set up your virtual wallet. Step 3 - Identify online poker rooms that support Bitcoin. Step 4 - Deposit funds from your Bitcoin wallet. Step 5 - Withdraw funds to your Bitcoin wallet.
Several years ago, the idea of using Bitcoin to play online poker was just a dream, but now it is a reality on many poker sites. The digital cryptocurrency Bitcoin makes things convenient for both players and poker rooms, as it allows for quick transactions with relative anonymity and low fees. This is especially useful for US poker enthusiasts and those in other restrictive markets, who would otherwise have to wait a long time for payments to arrive and sometimes have to pay considerable surcharges. It has also made many inroads into online poker, with a few Bitcoin-only poker sites in operation and more and more mainstream poker sites accepting Bitcoin as a deposit option. In fact, you'll find just as many fixed-limit poker games as no-limit poker games on all poker sites that accept Bitcoin, so you'll never be restricted in the number and types of poker games you can play.
Many poker sites will allow you to play for a fraction of a Bitcoin or some sites will convert a Bitcoin into their own credit type system where you get that many poker game credits for every Bitcoin you deposit. Therefore, each of our Bitcoin accepting poker sites have a full and valid gaming license, and as such you have the added protection of that gaming commission and will always get a fair result in any poker game you choose to play when using Bitcoin to make your deposits. Since Bitcoin is unregulated and is legally considered a commodity rather than a currency, laws prohibiting depositing and playing online poker with US dollars do not apply on US bitcoin poker sites. To save you the agony of scouring the web for hours looking for a Bitcoin-friendly poker platform, I've compiled a list of the best bitcoin poker sites. Here's a closer look at Bitcoin poker online, a brief history of the world's most famous digital cryptocurrency, and the future of bitcoin poker sites in the United States and beyond.
According to The PokerBank's Bitcoin Poker Guide, withdrawal times vary between 1 and 48 hours at different bitcoin poker sites that accept cryptocurrency deposits. Bitcoin has long been touted as the "killer app" for online poker, but it is only recently that major online poker sites have taken a gamble on the cryptocurrency. Internet poker using Bitcoin is also on the rise, and has found its way into a small number of online poker rooms. So you have a poker balance in Bitcoin after you have cashed out in the poker room and you want it in the cold, hard local currency. Most (if not all) Bitcoin poker rooms will offer bonuses and incentives to players just like any other online poker room would.