This website reviews and compares the World’s most popular bitcoin poker rooms and lists any available bonuses, offers and rakeback. Bitcoin poker blogs transactions are made outside of the traditional banking system and so there is no regulation and no centralized authority. This decentralization of the currency means that players who once had difficulty depositing and withdrawing from online poker rooms are now able to.
Bitcoin is not considered to be a legal currency by law. It is the same as playing poker with match sticks, except these matchsticks can be sold on an exchange for real money. This ability to make anonymous deposits and withdrawals with bitcoin is what makes playing poker with the currency so appealing to so many. The lack of a central governing body for bitcoin means that transactions are not only made easily, but cheaply as well. The low transaction costs are passed onto the players in the form of extremely low rake charges. Seals With Clubs rake as little as 2.
To make bitcoin transactions more flexible, one bitcoin can be broken down into much smaller amounts. For example, it is possible to send and receive 0. 00000001 of a bitcoin, but this does also make the thought of a poker table 0. US poker rooms will often simplify bitcoin chips. For example, Seals With Clubs have chips, where 1000 chips is equal to one bitcoin.
Making transactions with bitcoin is fast. You will often find that deposits and withdrawals are made instantly and without trouble. However, to be able to deposit and withdraw in bitcoin, you will need to have a bitcoin wallet on your harddrive and be familiar with your chosen bitcoin exchange. There are a number of bonuses available for bitcoin poker players, not least the first deposit bonuses which can be found at many of the popular poker sites.