Is Bitcoin Poker Legal In The US?
Yes. In order to remain in your legal limits, players have to engage with legally sanctioned websites. As long as the Bitcoin poker site is in possession of legal licensing and is regulated by a legitimate governing jurisdiction, most nations do not prohibit their residents and visitors from engaging in their services. This includes players from the United States. There may be plenty of restrictions tied to operating an online poker business, but very few laws restricting things from the player perspective. All of the poker sites listed on this page are operating legally within the industry. Those destinations that legally accept USA players are designated with a United States flag next to their name.
Who Regulates These Online Bitcoin Poker Sites?
Online poker regulation is handled through various gaming commissions that oversee the legal status of the industry for their respective territories. There is no one large regulatory body controlling all Bitcoin poker sites around the world, but rather is left up to individual governing jurisdictions. Regulation keeps the sites in check and prevents any sort of unethical or illegal activity. All of the brands we feature in this guide are subject to strict regulatory oversight from legitimate governing bodies.
Is Bitcoin Regulated?
No. Part of what makes Bitcoin so attractive to users is the fact that is not regulated by a central financial institution or government. The cryptocurrency operates on a legal peer-to-peer network. This independent status means that the alternative currency is not subject to any additional fees.
Are There Advantages To Using Bitcoin With Online Poker?
Yes. The fact that Bitcoin is not monitored by a centralized institution means that your money is being processed unfiltered. Players will have access to their money faster through deposits and payouts without the application of additional fees. Processing times are a lot faster because all it takes is a miner verifying your transaction details on the blockchain.
Are My Poker Bets Stored On The Blockchain?
No. There is no information stored on the Bitcoin blockchain regarding the bets you place through online Bitcoin poker sites. The only information stored in the blockchain are transaction details. This includes the input (where the transaction is originating from), the amount and the output (where the Bitcoins are being sent).
Are Bitcoin Transactions Secure?
Yes. All Bitcoin transactions are conducted through the use of digital wallets. Players have the option of either downloading a wallet or using a web-based version. Experts suggest using a downloadable wallet because they are safer to work with. Each wallet comes with a unique address that you must enter each time you want to make a transaction (a good eWallet will generate a new address for you with each transaction). No personal information is attached to Bitcoin transactions. Online poker rooms have their own security profiles complete with SSL (secure sockets layers) and data-bit encryption.
Are These Online Bitcoin Poker Rooms Fair?
Yes. Online poker sites use RNG (Random Number Generator) technology to generate randomized card drawings using algorithms. This technology is subject to inspection from licensed service providers to ensure compliance. Bitcoin sites are also beginning to incorporate provability software. Provability technology allows players to verify if their bet outcomes were correct and fair. Cryptographic hashes are assigned to each game and sent to the player. The player then adds their own value and runs through the game. Once the game is completed, the player will receive the hash used in the bet. If the values match, there has been no interference. This is the first instance of players being able to authenticate their game outcomes in real time. The technology is still new and is in the process of being rolled out, but more and more Bitcoin poker sites are beginning to integrate the service.
What Games Are Available Through These Bitcoin Poker Rooms?
Game selection varies per site, but most offer the standard run of game versions. This includes Texas Hold’em, Omaha, Omaha Hi/Lo, among others. Some sites offer live dealer games along with a tournament interface. Tournament games are easy to partake in and are often run through a dashboard that allows players to navigate between game rooms.
How Do These Online Poker Sites Function?
Some sites have their own proprietary software and others outsource. Most poker rooms require you to download software that will allow you to enter into the games, however this is not the case with all sites. If you are required to download software, it is a simple download that does not take up too much storage space on your device.
The interface is user-friendly and utilizes a dashboard setup. Players can toggle between game variations, poker rooms and real money games versus free play easily through their dashboard settings. You can adjust your game preferences in terms of blind amounts, number of seats at the table and more. This type of customization is part of what appeals to the growing number of online Bitcoin poker players.
Are There Bitcoin Poker Bonuses?
Yes. Most reputable online poker sites will offer various types of bonuses and promotions for players. Bonuses are percentage matches on deposits that put additional money in your online poker account. In addition to welcome bonuses, Bitcoin poker sites will usually have Bitcoin-exclusive bonuses that incentivize use of the cryptocurrency. Bitcoin is the only deposit method that consistently coincides with its own bonus schemes. Other promotions involve welcome bonuses and reload bonuses as well as tournament and bad beat bonuses.
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