Online Poker Sites Where You Can Use Bitcoin as a Payment Method
Bitcoin (BTC) may have been around for a while but it is only recently becoming more well-known and widespread. Consequently, many online poker rooms have now added Bitcoin as a payment method, thus catering for the growing number of players who like to deposit and withdraw via BTC.
If you’re looking for a poker site that accepts bitcoins as a form of payment, this article will help you.
Using Bitcoin as a payment method has numerous advantages:
- Transactions are very fast
- Anonymity
- No exchange fees
At this point we would also like to recommend the best Bitcoin Exchanger ‘Wirex‘, which also offers three Visa debit cards with the currencies €, $ and GBP for every BTC Wallet. The verification process is very fast and the support is excellent.
Below we will highlight the online poker rooms that accept Bitcoins as a payment method and provide some useful info. If you still have any questions, we are always happy to help!
Winning Poker Network (WPN)
The Winning Poker Network (WPN) is a veteran online poker room whose player traffic consists of 80% US players. Those from other countries are welcome, too, of course, and the fact that WPN has so many recreational players is a good reason in itself for the profit-seekers to join.
There are a variety of interesting promotions, and you can take advantage of a very attractive rakeback programme. Not only are Bitcoin and other cryptocurrencies accepted as a payment method on this platform, but players who deposit via Bitcoin will even receive a first deposit bonus of 100% up to $2,000, which is twice as much as other payment methods.
Chico Network
The Chico Network is the second largest US-friendly poker network after the Winning Poker (WPN) network. It is also becoming increasingly popular with Europeans, and has built up a small fan community. When it comes to rakeback, the Chico network is behind other sites/networks, but the ‘softer’ player pool can’t be ignored as a key factor.
There is also an interesting first deposit bonus of $100 up to $1,000, and every month there are some interesting extra promotions that can add to your bankroll.
Importantly, another advantage is that Bitcoin and other cryptocurrencies are accepted.
As can be seen, those of you wishing to use Bitcoin have a number of excellent online poker rooms from which to choose and, no doubt, as the world further embraces this ultra-convenient method of transaction, others will follow suit. We will continue to keep you up to date and well-informed, and we’ll make sure to offer you the best extras and exclusive offers when you join new poker sites via YourPokerDream!
FAQ online poker and bitcoins
How long do deposits and withdrawals take via Bitcoin at a poker room?
A deposit is usually credited to the player account after 20-60 minutes, as soon as the transaction has 1 confirmation in the blockchain network. Payouts are usually processed by the provider within a maximum of 24 hours and then sent directly to your wallet.
Which course is being taken?
When making a deposit, the current rate is used as the basis for calculation when the payment arrives on the provider’s wallet. As far as withdrawals are concerned, the provider takes the current rate at the moment the payment is sent.
Does the poker room deduct fees for a BTC transaction?
No, the providers do not charge any fees for processing a BTC transaction. To be on the safe side, you should still check with the provider again, as this may change.
Why don’t all poker rooms accept Bitcoin as a payment method yet?
Many providers are still holding back a little because the fluctuations in the price are still very extreme. In addition, it also depends on where the poker room is licensed, some licensors are still not quite able to make friends with Bitcoin as a means of payment. But that will certainly change over time, since BTC has definitely arrived in our society.
ShenPoker
Shen Poker is housed within the IDN Play Poker Network – the largest poker network in Asia! The number of players in Asia’s largest network is unsurpassed and is still on the rise. The IDN network came to Europe less than a year ago and has grown quickly. It is currently #2 on the global cash game market, right behind PokerStars.