Blockchain technology is among the most innovative technological breakthroughs of this generation, giving life to “cryptocurrencies”, which are now being adopted in various industries, such as financial services, e-commerce, real estate, venture capitals and the gaming industry.
Cryptocurrencies are mainly powered by blockchain technology, making use of a decentralized system that allows users to securely transfer their assets through the internet. This new system is particularly helpful in making financial transactions, and is now being considered by a lot of businesses aiming to provide a safer and more transparent medium for customers to store, deposit, or withdraw their money.
Numerous online gaming operators, including poker rooms now integrate this new feature into their platforms. Some even consider cryptocurrency as the next big thing that will boost the global online poker market.
Advantages of Cryptocurrency in Poker
Cryptocurrencies are secured by cryptography, which helps to prevent potential counterfeits and fraud. They are supported by decentralized networks, meaning they are not entirely controlled by a single entity. Users also make transactions without the need for time-consuming bank authorizations, and they get a higher level of anonymity, protecting their privacy.
Poker rooms that allow cryptocurrencies also offer lots of bonuses for players, going as high as $30,000, add to that unlimited promos and freerolls throughout the year, giving users plenty of opportunities for rebates and more earnings. The new technology also does not involve high transaction costs, which is also one of the reasons why a lot of players are now going for this option.
Best Poker Sites Allowing Bitcoin Transactions
The main cryptocurrency allowed in online poker rooms today is Bitcoin. Bitcoin is the first to implement blockchain technology in 2009 and has led the way in providing a safer and innovative platform for people to make financial transactions.
Recently, a lot of online poker rooms have taken the crypto route, and if you’re still considering going for this new method, you might find it difficult to choose which sites will work best for you. Of course, you can find plenty of reviews on the web, but to make the task a lot easier for you, we’ve compiled a list of credible sites that support bitcoin.
Ignition Casino
Ignition Casino is a new player in the online gaming market, having only gone live in 2016, but they have started it right and can surely expect a bright future ahead. Players looking for high-paying games should visit this site and try their offerings. Promo-wise, the site also has one of the best offers, giving away up to $2,000 in welcome bonuses for new players. The platform is mobile-friendly, and its customer service is also among the best.
Bet Online
BetOnline is home to a huge community of players looking for intense competition. The site’s poker offerings include tons of cash games and tournaments carrying mouth-watering guarantees. Whether you’re into online poker or sports betting, you can expect fast payouts, generous bonuses and top-notch customer service. The site’s software is not entirely up-to-date, but it does not affect their reputation as being one of the most trusted iGaming sites today.
Fortune Jack
Fortune Jack supports the most number of cryptocurrencies. Transactions through Bitcoin, Litecoin, Dash, Zcash, Ethereum, Tron, Bitcoincash, Monero, and Dogecoin are all allowed in the site. The platform is also easy to navigate and does not require its users to regularly download and update the apps, resulting in smooth gameplay.
Americas Cardroom
Americas Cardroom (ACR) remains one of the most popular poker sites in the US. It is known for its million dollar Sunday tournaments and weekly progressive Sit & Gos. The site also offers rebuys and time-based tournaments, so players have plenty of options. ACR also has a user-friendly interface, and offers up to $1,000 initial bonuses, plus 20 free jackpot poker tournaments.
Bitcoin Disadvantages
There’s no doubt that bitcoin brings in a lot of benefits for players, however it also has some drawbacks. One of them is that the system does not guarantee stability, as the cryptocurrency market value is subject to fluctuations. Online casinos are also starting to get to know cryptocurrencies, which means not as much are currently supporting this new technology.
But overall, bitcoin answers the players’ need for safer, more transparent and efficient transactions, taking online poker experience to a whole new level.