Bitcoin is arguably one of the most popular and trusted digital currencies in the current cryptocurrency space. Hailed as one of the founding digital currencies by anonymous creator Satoshi Nakamoto. Its acceptance as a digital currency transcends into the online gaming industry, with its application rampant in online crypto poker sites.

Crypto poker sites utilize Bitcoin as a popular choice for users to make both deposits and withdrawals at the poker site. Moreover, using Bitcoin is linked with low transaction fees, fast transactions, and high security compared to traditional payment solutions.

Our list of top poker sites that accept Bitcoin

What is Bitcoin?

Bitcoin is a digital and decentralized currency, highly popular on poker sites. Bitcoin was created in 2009 by an anonymous person using the pseudonym Satoshi Nakamoto. Unlike traditional currencies issued and regulated by governments, Bitcoin operates as a peer-to-peer network without interference from governments, financial institutions, or banks.

The main foundation of Bitcoin is its blockchain technology. This public and distributed ledger records all transactions made with the digital currency.

Users must choose a digital wallet for owners to buy and use these digital currencies. Each wallet features a public address and a private key for security purposes.

All Bitcoin transactions are recorded in the public blockchain identifying the users involved.

Over time, Bitcoin has gained mass acceptance as a trusted digital currency used in transactions such as online poker sites. It features low transaction fees, fast deposits and payouts, and increased security compared to traditional payment alternatives.

How to signup for a Bitcoin account

In general, there is nothing like a ‘Bitcoin account,’ Bitcoin is a decentralized digital currency, which means it does not have an account with a third-party entity. Instead, users can invest in Bitcoin by purchasing a cryptocurrency exchange such as eToro, OKX, or ByBit.

Below is a simple guide on how to create your Bitcoin account:

eToro

• Create a Bitcoin account: Go to the official website for exchanges or wallets like eToro, OKX, or ByBit to open your Bitcoin account.
• Verify your identity: If you’re purchasing a large amount of Bitcoin, you must verify your identity. You must upload your ID, driving license, or passport to complete this.
• Deposit funds: The next step is adding funds to your account. You can do this through a bank transfer or buy Bitcoin with a credit card.
• Send Bitcoin: Afterward, you can send your Bitcoins to your Bitcoin wallet account, which you can use for multiple types of coins. You can send money straight to your gaming account from the eToro waller

OKX

Here is how to sign up with OKX:

• Create a Bitcoin account: Visit the official website and follow with the sign-up button. This kickstarts the account creation process.
• Verify your identity to KYC level: After creating your account, click the verification icon in the dropdown menu. Provide personal information details, including:
  • Nationality
  • ID type
  • ID number
  • Legal name

• Deposit funds: After completing the verification process, most of the website’s functionalities will open up. Visit the cashier section and select Bitcoin as your preferred cryptocurrency.

Why Bitcoin is a good choice for Online Poker Sites
Bitcoin poker sites are a good choice for online poker sites due to the decentralized nature of cryptocurrencies and not falling under the purview of any government or financial institution. Here is a look at different reasons why Bitcoin poker sites are the perfect choice:
· Accessibility
Regular online poker sites pose a challenge of accessibility owing to the standard gambling rules and regulations imposed on players’ jurisdiction. Some of the online poker sites have easy accessibility while favoring any anonymous registration registrations to create a crypto casino account. This gives users access to poker sites, but other platforms limit their access due to geographical limitations.
· Payment solutions
Payment options at most online poker sites, including Visa, Mastercard, Paypal, and bank wire transfers, require users with their personal account details. Depending on the user’s country, certain payment methods might restrict funding of one’s account.
However, Bitcoin allows users to fund their user’s account with real money at any time without any restrictions.
· Anonymity
Bitcoin poker sites offer their users anonymity compared to traditional online poker sites. In a traditional poker site, users must fund their account with e-wallets that require account details and personal information such as physical address. However, Bitcoin poker sites allow for anonymous transactions with an added security feature due to the blockchain-based network.

· Lower fees
Bitcoin deposits usually feature low transaction fees compared to standard payment methods available at online poker sites. Moreover, some Bitcoin poker sites offer free deposits for each transaction made.
· Provably fair
Most Bitcoin poker sites feature fair games owing to blockchain technology. Provably fair means that the poker game uses an integrated algorithm to ensure the game’s fairness. Bitcoin poker sites ensure the poker games are random and accredited to blockchain networks.
Disadvantages of Using Bitcoin for Your Online Gaming
Even though Bitcoin is considered a top choice for online crypto poker sites, there are certain drawbacks for users at the online poker site, including:
· Highly volatile
Bitcoin is highly volatile in nature in comparison to stablecoins. Moreover, it is highly subject to market fluctuations. Given the uncertainty around its value, it is hard to predict whether a transaction will be profitable.
In case of a sudden market fall, users at the crypto poker site holding it as a digital currency stand to lose out most. Therefore, this is a risk that users must anticipate through their gaming experience at the poker site.
· Untraceable
The untraceable nature of Bitcoin tends to be a bit problematic for users when tracking their records and transactions at the poker site. There is no security in this sense compared to traditional payment alternatives. Moreover, it opens the room for instances of malicious hacks and fraud.

How to Deposit Funds to Your Bitcoin Account

The process for depositing funds into your Bitcoin account varies depending on the exchange of your choice. However, here is a basic guide on how to make a direct deposit:

Through Mobile App

• Login to your exchange account with the mobile app
• Select portfolio in the bottom navigation bar
• Select the deposit button and select crypto
• Select the crypto of your choice (Bitcoin) or use the search bar to find one
• Scan the QR code or copy the deposit address and paste it into your third-party wallet or exchange

Through Web

• Login to exchange account via a web browser
• Click the deposit button at the top right corner and select the crypto option
• Choose your preferred crypto (Bitcoin)
• Scan the QR code or copy the deposit address and paste it into your third-party wallet or exchange

How to Deposit Funds from Bitcoin to the Bitcoin Poker Site

Depositing funds from your Bitcoin to the Bitcoin poker site is simple and different depending on the site. Here is a basic guideline:

• Navigate to the cashier section
• Select Bitcoin as the preferred cryptocurrency
• Place the number of funds you wish to deposit
• Copy the poker site’s dynamics Bitcoin address (scan the QR code on your phone)
• Open Bitcoin wallet
• Select the ‘send’ option in your Bitcoin wallet
• Paste the poker site’s address
• Place the amount you want to deposit and click send
• Wait for the transaction to take place
• Start playing

How to Withdraw Cash from Bitcoin Poker Sites

Withdrawing from Bitcoin poker sites is a simple process. Here is a simple guide on how to withdraw from Bitcoin poker sites:

• Complete ID verification: The registration process differs from one Bitcoin poker site to another. Users must provide basic details, including email addresses, contact numbers, and phone details. Users must carry out ID verification, including email address and phone number verification, based on the registration requirements, to kickstart the withdrawal process.
• Go to withdrawal: Visit the cashier/ payment section on the Bitcoin poker site on the player dashboard. There are supported payment methods, including credit card, crypto payment, or more varied, and one can choose a suitable method that involves a faster payout.
• Create a new crypto address: Creating a new crypto address wallet is a safe option to avoid online theft. Instead of storing funds in exchanges, we highly recommend choosing some of the best wallets with enhanced security features. Ensure to create a new address for transferring funds each time for a safe experience.
• Add withdrawal amount: Copy the newly created crypto wallet address and paste the details with the funds’ transfer. Ensure to check the wagering requirements and withdrawal limit, which varies for each Bitcoin poker site. Therefore, choose a Bitcoin poker site that offers low withdrawal limits, low withdrawal charges, and minimum deposit limits.
• Click submit: Verify the crypto wallet address before clicking the final submission to complete the withdrawal process.

Frequently asked questions

Here is a roundup of commonly asked questions about Bitcoin poker sites:

Why is Bitcoin more secure than other e-wallets?

Bitcoin operates on the blockchain network representing a public ledger for recording all transactions. This nature makes it difficult for different entities to manipulate or control the system. Therefore, it means all funds stored in the crypto exchange are safe and secure.

Will I still have access to bonuses and promos on poker sites if I use Bitcoin?

Yes. However, this depends on the specific poker site. Some of the best online poker sites offer welcome bonuses and ongoing promotions even when using Bitcoin as a payment option.

Is Bitcoin available in Canada?

Yes. Multiple locally regulated crypto exchanges are available in Canada, including BitBuy, Coinsmart, and Coinberry. Hence, users can create a free Bitcoin account on their app, deposit Canadian dollars, and purchase Bitcoin instantly to play at Bitcoin poker sites.

Are poker sites that accept Bitcoin regulated and licensed?

All Bitcoin poker sites highlighted on this page that accept Bitcoin are fully regulated and licensed. This means users can make deposits and experience online poker games that are fair and random.

Can I use Bitcoin for both deposits and withdrawals?

Most online poker sites that offer Bitcoin as a deposit option could also facilitate Bitcoin as a withdrawal option. However, this fully depends on the specific site.

How much can I deposit or withdraw from a Bitcoin casino (minimums and maximums)?

The maximum and minimum deposit or withdrawal amount from a Bitcoin poker casino depends on the specific site. In general, most sites vary between $10-$50,000.

Is it a must to use a verified Bitcoin account?

If you are interested in buying or selling Bitcoin using a licensed and regulated crypto exchange, it is highly recommended to verify your identity. This helps in providing a seamless experience while complying with regulations.