Bitcoin and online poker

When in 2008 the crypto-currency Bitcoin was first introduced, many people doubted that it would ever be sucessful. It seemed to be bases on a very complicated reward system. But it was quickly adopted by the internet community, especially as a means of payment that was totally decentral, and not supervised by any government agencies.

By 2015, over 100.000 online businesses accepted Bitcoin for transactions, which had, among other things, the advantage of unusually low transaction fees compared to, for example, companies like Paypal. Also, people who bought or accumulated larger amounts of Bitcoin early on made huge profits later. The monetary value of one unit of Bitcoin was app. $0.07 in August 2010, and as of today, May 3rd 2017 is at a whopping $1,435!

Bitcoin and online gambling

Since Bitcoin has become such a success, it is no surprise that online gambling has quickly jumped on the bandwagon, offering Bitcoin deposits and withdrawals to their customers. That means that now you can build your bankroll with Bitcoin Poker, play online slots for money and even place sports bets online using Bitcoin.

What is great about using Bitcoin is the fact that while you can use it to play poker or any casino game, you can also transfer it back and forth between the casino and your Bitcoin account (in real time!) and have your funds sitting in your Bitcoin account while your not playing. While your money is in your bitcoin account, it can generate winnings when the price for one Bitcoin unit goes up. No casino will pay you an interest rate on funds parked in your gambling account, but Bitcoin does offer you that chance. Of course, there is also the risk that the exchange rate vs. $ could decline, the same as buying stocks is always risky. But in the long run, Bitcoin value has been going up steadily over the past years.

Where to play

Most of the casinos and poker rooms that accept Bitcoin are not as well known as the market leaders, so before signing up with one of those providers, we recommend that you check the link given above. That link brings you to an (English-speaking) website that is dedicated to the topic of bitcoin poker rooms and bitcoin casinos.

In case you are unsure about how to create a new Bitcoin account for yourself, the site gives you info about that too, in fact they have every Bitcoin topic covered for your convenience.

Iif you use Bitcoin for sports betting as well, we recommend to visit this site about tennis betting.