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What is bitcoin poker ?
Using bitcoin to play online poker is the newest thing in gambling as poker players from around the world have found out that there are many added benefits to using bitcoin for playing online poker that was not available a few years ago.
Bitcoin poker became popular in the last few years due to players mainly from the united states that were banned from using fiat currencies on major poker sites and needed a fast and relaible way to make deposits and cashouts.
The hype originally started with players looking for an ewallet that would allow them to make transactions from and to the poker sites , but quickly it became apparent that this was not enough as major poker sites also blocked them from playing as regulations and juresdiction issues started to arise.
Many saw this problem arising and needed to fill the gap with a payment system as well as a poker client that would allow players from all over the world be able to continue gambling and avoid juresdiction problems and the continued problem of denied credit card processoring from online gambling.
What exactly is bitcoin and how does it work ?
Bitcoin is a peer-to-peer decentralized currency.It is operated by the users of bitcoin , no one owns it and no government or group has any claim over the system. This currency was originally created by Satoshi Nakamoto in 2009. Run on a network of user software, bitcoin is both a payment processor and a currency. Mining for new coins through the use of software that solves mathimatical problems and set of mutually agreed upon rules creates bitcoins.
What are the added benefits of playing bitcoin poker ?
Anonymity - when you bet /gamble with bitcoin you do not need to put any real information , no emails real information , that way you can gamble comfortably without being bombarded with emails about current promotions that the gambling website offers.
INSTANT DEPOSITS / WITHDRAWLS - unlike traditional online gambling websites where you need to wait between 2-5 business days to recieve your money or to make a deposit , bitcoin gambling websites have an instant deposit and withdrawal system that makes it ideal for fast and safe game play.
LOW FEES - making a deposit with bitcoin is very easy and the fees are extremely small , when you deposit through bitcoin to online bitcoin gambling sites the transaction fees are usually no more than a few cents unlike traditional gambling sites that take alot more.
Bitcoin Poker Explained
Playing online poker with the use of bitcoins is exactly the same as playing poker with real money (fiat currency) the difference is the .
exchange system each point is worth for your bitcoins in chips.
Bitcoin transactions can be broken down to many small parts. For example, it is possible to send and receive bitcoins from 0.00000001 which is 1 satoshi of a bitcoin, but this would make it very confusing to play online with such long numbers. So online bitcoin poker rooms have an exchange system in place set as 1 bitcoin equals 1000 chips so every chip is worth 0.001 bitcoin.
While most reular poker rooms have a set minimum , bitcoin poker rooms have no minimum , you can deposit any amount that you want , it is always preferable to deposit more so you do not have to pay for the fees every time , rather only once for one deposit.
What are bitcoin poker freerolls?
Poker sites want to attract players to their website in hope that you will enjoy the particular promotions and offers , before diving into the site. They set up free money for players to try out with money that the website pays for.
Btcjack has set up exclusive bitcoin poker freerolls for new players in the bitcoin niche to come and try out these sites and see which ones they like. We hold various freerolls on many of the top bitcoin poker operators with free money ranging from 0.05 bitcoin all the way up to 2 bitcoin freerolls , daily and weekly events.
To learn more about bitcoin please check out our what is bitcoin.
For a complete list of our bitcoin poker freerolls check out our bitcoin poker freerolls
What sites accept bitcoin to play poker?
There are a few poker sites that are only with bitcoin and there are a few that have bitcoin as an additional form of payment.
Before we add any bitcoin poker sites we test them out to see that they have an easy deposit and withdrawl system in place, that they payout big amounts as well as the small ones and that they have no bad reviews written about them.
Not all bitcoin poker sites can ve trusted so we have done extensive research on the ones that we believe are the best to gamble on.
Complete list of bitcoin poker sites can be found here
check out our bitcoin poker freerolls in the link below to see where you can play poker for bitcoins free