Are you looking for the best Bitcoin Poker Sites? Make sure you read our guide first!
There appears to be an exceptionally uncanny correlation between the growth of cryptocurrencies and the online gambling industry. In a way, this makes sense – especially when one considers the target audience of each individual phenomenon. As a result, there are now close to a hundred casino platforms now specializing exclusively in cryptocurrency deposits and withdrawals.
This strong appetite to gamble with a blockchain operator is with good reason – anonymous accounts, provably fair games, instant deposits and withdrawals, enhanced security, lower-house edges and significant welcome packages all play their part. However, although the vast majority of crypto casinos mainly focus on table games, slots and live dealers – did you know that there are now a good selection of platforms that host live poker rooms?
In this brief guide we are going to discuss why more and more people are now beginning to transition from traditional USD-driven poker rooms, over to that of a Bitcoin poker room. Once we have ascertained the underlying benefits, we will then discuss where you can find the best Bitcoin poker sites.
What’s the difference between a traditional poker site and a Bitcoin poker site?
In a nut shell, a traditional poker site operates much in the same way as the rest of the fiat currency sector. When a play opens an account, they need to provide the platform with an array of information. At an absolute minimum this will center on the player’s full name, nationality and address, as well as their date of birth.
After that, you will at some point need to verify the information that you have provided by uploading a range of documents. Again, at a minimum this will include a government issued ID (passport/driving license), a proof of address (utility bill/tax statement/bank statement) and a copy of your payment method (front/back of payment card).
Without adhering to the above demands, you will not be able to play at a traditional online poker site. As Bitcoin poker sites do not deal with fiat currencies, they do not need to adhere to the same set of regulatory demands. This then allows them to facilitate anonymous accounts, meaning that players only need to provide an email address to play.
There are also some other key differences between the two formats. When it comes to withdrawing your winnings, Bitcoin poker sites often process the request autonomously. This means that there are certain blockchain casinos that can process withdrawals instantly. If using Bitcoin, players receive their winnings in as little 10 minutes.
This is significantly faster than using a traditional poker site, which can day days – if not weeks, before the funds are received back by the player.
Are Bitcoin Poker Rooms Fair?
Essentially, when it comes to actual gameplay, there is very little difference between the two formats. The underlying rules of each specific game remain in place – and you can also access all of the usual variations such as cash tables, sit and go tables and tournaments. It is the generation of gameplay data that separates Bitcoin poker sites with its counterparts.
When playing with a traditional fiat poker room, there are no mechanisms in place to guarantee with any certainty that the operator is playing fair. This is because operators keep all of their data behind closed doors, with the general public unable to view or audit it. Instead, players must trust that the platform is dealing cards in a true and fair manner.
On the contrary, the best Bitcoin poker sites that are currently offering their service install a provably fair protocol. The underlying technology is supported by an advanced form of mathematics called ‘Cryptography’, which is where the term ‘Cryptocurrency’ comes from.
Every time a new card is dealt, it is based upon the provably fair algorithm. This algorithm cannot be altered by the casino, nor can it be manipulated by other players. It is cryptographically secure and all of the data can be independently verified by anyone who wants to. In this sense, Bitcoin poker sites offer significantly more safeguards that their fiat alternatives.
What are the best Bitcoin poker sites?
If you have read this article up to this point and like the sound of what a Bitcoin casino can offer, then look no further. Although there are a large number of operators now in existence, there are only two poker rooms that we feel comfortable recommending . Not only are the two platforms established with a huge customer base, but we have independently tested them ourselves.
Betcoin are one of the most established crypto casino platforms in the industry. Created in 2013, they offer a huge range of games. This includes traditional table games such as blackjack and roulette, live dealers, a full sportsbook and of course poker rooms. By registering an account, Betcoin offers a huge 100% matched deposit bonus of up to 1 BTC.
Other than Bitcoin, the platform also supports 8 other cryptocurrencies including Ethereum and Litecoin. The Betcoin poker room covers both cash tables and sit and go tables, across various staking levels.
Although Betcoin have no relationship with fiat currency, they actually hold a full gaming license from the Curacao Gaming Control Board. Moreover, their poker rooms are facilitated by a provably fair protocol, ensuring that each and every hand is true and fair.
The second option that we would recommend is 1Xbit casino. Of all of the crypto-specific gambling platforms that we have evaluated – 1Xbit have by far the largest range of games. They have a comprehensive casino consisting of software and live dealers, hundreds of slots, a huge sportsbook and of course poker rooms too.
Their parent company is 1Xbet, who have built a strong reputation on the fiat side of the industry. 1Xbit facilitate instant deposits and withdrawals, they are fully regulated by the Curacao authorities and all of their software games – including poker, are guaranteed for their fairness by the provably fair protocol.
When playing at a 1Xbit poker room, you can choose from sit and go or tournament tables, or if traditional cash games are more your thing, they have this too.