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Bitcoin Poker

Poker has always been the most popular card game out there, known by all, independent of age. It is also quite straightforward. As online gambling was becoming a thing, online poker never got left out and was part of the listed games. Recently, crypto casinos have also been booming. This is how we got to see Bitcoin Poker.

Best Poker sites to play with Bitcoin

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BitcoinBitcoin is the most popular cryptocurrency on the market right now and will probably go down in history as such.

It allows for many advantages over regular currencies when it comes to wagering. Aside from that, there aren’t that many differences. You will still be choosing from 100% virtual Bitcoin poker and Live Casino Bitcoin poker.

If you go through a crypto casino’s game list, you will notice how the table game that is always included is Bitcoin poker, even if no other similar games are available. Some even create sections and sub-sections that go by that name. Don’t expect the games to number in the hundreds or thousands like Crypto slots. The reason for that is that it is not possible to have so much variety as in slots, so there are only a couple of developers specializing in this field.

What is Bitcoin Poker?

Bitcoin poker put simply, is regular online poker, either completely virtual or operated by a real-life croupier, where instead of fiat currency, you will be placing bets using Bitcoin. Usually, Bitcoin Poker contains simplified poker games, suitable for players who have Bitcoin sitting around. This means that you will not need much experience with poker particularly, and if you need instructions, such can be found in-game.

The fact that anyone can play Bitcoin poker made this type of poker popular in recent years, especially in 2021. This comes as no surprise as crypto casinos have been getting more players than ever, due to the advantages it offers, when compared to regular online casinos.

If you are interested in online poker in general, we strongly suggest testing out the waters in the Bitcoin poker sector. This is due to the many advantages Bitcoin poker has to offer, which are specifically attractive to new players. But before that, what are the differences between Bitcoin poker and regular online poker?

Bitcoin Poker

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Differences between regular and Bitcoin poker?

Bitcoin poker has many strong points that make it potentially better than regular online poker. This goes without saying. But before that, are there are fundamental differences when it comes to rules or gameplay?

The answer is short and simple – no. You still need to make a Bitcoin deposit to the crypto casino of choice. After that, you need to find the type of Bitcoin poker you wish to play, usually found in the table games category. Once you start the game, you will choose how much you wish to bet. If you win, withdrawing will be even easier as crypto casinos usually have no foundational currency, unlike regular online casinos.

On the other hand, some casinos have a base currency, for example, USD, so when you make a deposit in EUR, it gets converted to USD but your balance is still shown as EUR. This exchange, of course, has a fee, which is usually noted in the Terms & Conditions. It makes things way harder than at a crypto casino.

This is just one simple difference and advantage that Bitcoin poker has over regular online poker, but what other advantages are out there?

What advantages does Bitcoin Poker have over regular poker?

Straight to the point, the advantages of Bitcoin poker come more from the fact that Bitcoin is used as a wagering currency, more than from the games themselves. In our other articles, we talk a lot about the advantages that Bitcoin has over other crypto and fiat currencies, and this is no exception.

First and foremost, it will be coming down to availability. Unlike fiat currencies, which are government-controlled most of the time, Bitcoin is decentralized. Fiat currency transactions are monitored and some countries do not allow their citizens to participate in gambling of any kind. But since Bitcoin is decentralized, no government has view and control over crypto transactions.

Additionally, you will be remaining completely anonymous due to the same reason. The blockchain records transactions, which can be traced back to you, but you are not required to provide personal information to exchange platforms. Furthermore, most crypto casinos only require basic personal information, proving that tracing is going to be even harder. And if you want to go all-out, we recommend you use a VPN service, which will completely hide you from the radar.

People always want to start playing as soon as they choose their crypto casino. There is nothing better than being able to do so in a matter of minutes. Crypto transactions happen almost instantaneously, so you will be getting to game sooner than at a regular online casino, where you need to do multiple verifications.

Aside from that, the transaction fees are usually negligible (they depend on the speed of the transaction you choose), and when compounded through multiple deposits and withdrawals don’t cause too much of a ruckus. Financial institutions hate Bitcoin and other cryptocurrencies exactly due to that, since people are leaning towards the idea of crypto transactions more and more.

Now, the best news is that Bitcoin poker has better wagering limits than regular casino limits. This is possible due to the fact that providers are required to put certain limitations to fiat betting, which does not stand true for Bitcoin. You will be getting the option to bet less than a cent, but will also be able to bet as much as a thousand dollars, depending on the game. This allows all types of players to enjoy gaming without worrying too much about wins and losses.

PROS

  • Betting Limits – Unlike fiat currencies that have set limitations when wagering, Bitcoin does not force providers to place a certain betting frame. This means that you can bet less than a cent, but also thousands of dollars, perfect for both low-risk and high-roll players.
  • Anonymous During Betting – Since crypto exchange platforms do not require you to provide them with your personal information and crypto casinos only require basic information, you will be staying anonymous when playing Bitcoin poker. This is further cemented with the use of a VPN service.
  • Availability – Bitcoin is completely decentralized, removing any government overwatch and tampering with transactions. This allows for people from all across the globe to play equally. Although, there are some crypto casinos that do not accept the use of a VPN service.
  • Transaction Speed & Fee – Bitcoin transactions happen way faster than fiat currency transactions since they do not need to go through a financial institution for approval. Instead, that happens directly on the web. Additionally, the Bitcoin transaction fees are also smaller than the conventional fiat transactions.
  • Gameplay Speed – If you are looking for a crypto casino to play, you most likely want to start playing almost immediately. This is actually possible, due to how the blockchain works. You will be depositing, playing with, and withdrawing Bitcoin, without the need to exchange on-site currencies. All of this means that you will be getting to play only a few minutes after you create your account.
  • Crypto-only Bonuses – Some providers add Bitcoin-only bonuses, such as multipliers. Please note that not all games yet offer such bonuses, especially the table games.

CONS

  • Fewer Bitcoin Poker Games – Since the crypto casino sector is rather new, providers are just getting started with the production of such games, meaning some poker games might not accept Bitcoin yet.
  • Volatile Value – Similar to any other crypto, Bitcoin is also highly volatile, meaning your winnings might be worth nothing the day you wish to withdraw your winnings, although the opposite also stands true.
  • Lesser Regulations – The better regulators such as MGA and UKGC are not yet affiliated with crypto casinos. This leaves only the Curacao license as an option, which is known to not be amongst the best.

How & Where to Buy Bitcoin?

If you know this and that about cryptocurrencies, you probably know that they are held in wallets. These wallets are specifically named “crypto wallets”. This is where all of your Bitcoin will be stored, and to which all winnings will be sent. There is no way to make crypto transactions without the ownership of a wallet.

Before purchasing Bitcoin, you will need a crypto wallet. Some of the better virtual crypto wallets on the market right now are Exodus, Kraken, Trezor.

If you don’t have any Bitcoin already, you might need to go to an exchange platform such as Coinbase and Binance. This is where you will be giving fiat currency to buy cryptocurrency. Once you are stacked up on Bitcoin, you will just need to select your crypto casino, make a deposit, and you can start gaming!

Types of Bitcoin Poker

Standing above all else is definitely Texas Hold’em. This is without a doubt the most popular poker variation. It is so well-known as Hollywood has implemented the use of it during movies and series. The rules are pretty simple, there are winning combinations, you have 2 hidden cards and 5 community, face-up cards to play with. Similar to all other Bitcoin poker variations, this includes a lot of strategy and skill.

Pot Limit Omaha is another great example of an increasingly popular model of regular poker. It is very similar in terms of rules and betting options, although there is a significant difference between the two. PL Omaha starts with 4 hidden cards but allows for the use of only 2 when completing your hand.

Aside from these classics we simply must talk about what is called “video poker“. This is the simplest form of online poker, which can be played without the need of other players. Here, you will be playing against the virtual dealer, where only 2 cards are dealt to each. You win if your hand is better than that of the dealer.

Additionally, there are many online poker tournaments you can join, allowing you to compete against others, where the prize pool is way higher than that of a regular game. In recent years, the variety of poker types allowed in these tournaments has grown immensely.

Final Words

Looking at it with simplicity, Bitcoin poker is the better version of regular online poker. It comes with plenty of advantages, although there are a couple of disadvantages as well. We hope the provided information is sufficient enough for you to make a decision.

We strongly recommend checking out Bitcoin poker, even if only with a small amount to test the waters. It is way more convenient and fun, and also, there is a chance you will be getting better value at withdrawal.

BTC Poker FAQ

Bitcoin poker is becoming trendy for many reasons, the first of which is the hype around Bitcoin. People own Bitcoin and if they have a hobby of gambling, then this becomes their favorite option for many reasons. First of all, you will be remaining completely anonymous, whilst also getting great betting limits, unlike any fiat wagering limitations.

It is well-known that Bitcoin is a decentralized cryptocurrency. This means no government can track and tamper with the transactions happening. There are some countries that do not condone the use of Bitcoin, but if you insist, you can use a VPN service to make sure nobody can monitor your crypto casino experience.

There are many types of Bitcoin Poker, such as virtual poker, Texas Hold’Em, Pot Limit Omaha, Caribbean Stud Poker, Casino Hold’em, Pai Gow Poker, as well as many poker tournaments with hefty prize pools.

Bitcoin has great wagering limits for both low-budget and high-risk players. To give an example, providers are obliged to limit the amount you can bet when it comes to fiat currencies, due to law. All of this goes out the window when it comes to Bitcoin, due to its decentralization and lack of regulation. This means you will be getting to bet both less than a cent and thousands at the same time.

Victor Stuard

the author

Victor Stuard

Victor Stuard

Crypto Specialist

the author

My name is Victor Stuard and I am passionate about crypto-currency, blockchain, fair gambling and new technologies. I have been in the crypto mining for the last 7 years and since the first Bitcoin casino was launched. I am here to help you finding the best crypto casinos and compare their pros & cons.