• A Bitcoin Poker is a card table game whose goal is to collect a winning combination of cards. It can be a combination of two or five cards. During the game, the gambler must force other players to exit the game by bluffing or actually collecting combinations.
• The Best Bitcoin Poker Sites. Our online poker experts have evaluated and reviewed every online poker site which accepts cryptocurrencies like Bitcoin (BTC), Litcoin, Ethereum and Tether (USDT). We list the best and most trusted BTC poker sites below. Not every site makes the grade.

Betcoin.ag, an online gambling site that was one of the first to deal exclusively in cyber currency, including Bitcoin, Litecoin, and Ethereum, closed its poker room on Christmas day. The online casino and sportsbooks are still active.

Betcoin Poker boasts the largest selection of promotions in the Bitcoin poker industry. The site offers all new clients a 100% first deposit bonus, up to 1 BTC. Chips can be earned by participating in freerolls, playing the most hands in a day, or playing on consecutive days. You can play at casinos using a huge variety of cryptocurrencies and take part in massive Bitcoin Poker tournaments with millions in crypto jackpots to be won. Enjoy promo codes that give free rolls, BTC bonuses, free faucets, blockchain games along with casino welcome coupons and matched vouchers from the best sites of 2021.

The use of Bitcoin – and later other cyber currencies – started getting popular in the online poker world a few years ago (Betcoin.ag launched in 2014). Free of centralized bank control and perhaps more importantly, government regulation, Bitcoin has been used as a way for poker players to get their funds to and from online poker sites without worrying about sketchy payment processors and various workarounds.

Bitcoin Poker No Deposit

The extreme runup in the value of Bitcoin – as well as its volatility – has caused some problems, though. Transaction costs have soared; it could cost a player $20 or more just to deposit $20 worth of Bitcoin. Rake at some sites has also skyrocketed, though some, like SwCPoker, have been proactive about lowering it. And the volatility can quite literally make someone lose money while they win at poker. Granted, a sharp drop in Bitcoin’s value would cause someone to lose money regardless of whether or not their Bitcoin was tied up in a poker room, but it could still result in the crypto currency being an unattractive funding method for players.

None of this is to say that the recent Bitcoin insanity has anything to do with Betcoin shutting down its poker room. Betcoin’s official reason is that it has been acquired by another company/site. We don’t know who purchased Betcoin, nor do we even know who owned it in the first place. It is one of the most mysterious poker sites on the internet.

Betcoin Poker might not really be missed, either. Players have had many problems with the site, stemming from allegedly shady activities by management. One incident that got publicity in the poker community was when Betcoin busted a collusion ring, but rather than banning the cheaters and giving funds back to the victims, Betcoin only gave some of the money back, using the rest to fund a freeroll. The cheaters were also allowed to keep playing on the site “under a strict watchful eye” and were permitted to keep some of the money.

The beginning of Betcoin’s farewell statement is as follows:

Play Poker For Bitcoin

Betcoin.ag has been acquired and we regret to inform you that the new Betcoin will be discontinuing its poker service as of Monday, December 25, 2017. There are lots of fond memories to look back upon including the Betcoin Cage, the Daily Coin and hundreds of Bitcoin awarded in freerolls. We enjoyed posting about the achievements of our many players who hit it big with wins in major tournaments. But most of all, we have truly enjoyed providing a home to our great poker players these last 3+years. Betcoin poker hasn’t been just a place to play, but a community filled with unique individuals. The dynamic has been almost like a family, in that we loved, we fought, sometimes even dined together (virtually). While this is a big disappointment to us all, we hope to continue that type of camaraderie going forward as Betcoin moves into its next chapter.

The site reiterated that the casino and sportsbook are going nowhere and that player accounts there will not be affected.