Best Bitcoin Wallet For Poker

3/30/2022

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Best Bitcoin Wallet for Online Poker In 2021. By admin February 12, 2021 0 38. If your looking for the best Bitcoin wallet for online poker in 2021 you’ve landed in the right place. Using crypto payments is something most poker sites have embraced over the last couple of years. The main reason for this is extremely low transaction costs. Essentially, a Bitcoin wallet is a software that stores your BTCs — pretty much the same way an e-wallet stores your flat cash. It acts as an intermediary between the Bitcoin platform and the poker site. A Bitcoin wallet is what you’ll use to deposit to online poker sites and where you’ll receive withdrawals from poker.

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The strict online gambling regulations in the USA make the life of local players tough.

Fortunately, there are some gambling sites on the internet that are safe and accept US customers.

One of the best of them is Bovada. Among the many reasons I like the site so much is the opportunity to use cryptocurrencies and Bitcoin, in particular.

This is one of the fastest and most reliable payment options for US players. If you haven’t tried it before, I think you should give it a shot.

This post will help you learn more about depositing at Bovada with Bitcoin and the exclusive BTC bonus for new customers.

Also, I will share some recommended wallets for crypto and look at other US betting sites that accept Bitcoin.

Let’s start with a simple explanation of how to join Bovada and make a deposit with Bitcoin.

If you don’t have an account with Bovada, the first step would be to join the site. Please click here to get started. Orread our Bovada review if you want to know about the site first.

Once you’re on the site, you can start the registration process via one of the many “Join” and “Join Now” buttons on the home page.

You will be required to fill in some personal information like your name, address, email, country of residence, and similar. You also need to pick a password that you will later use to log in.Make sure to make it complicated so that no one can guess it.

The first thing that will happen after you open a new account is that Bovada will ask you to pick a 4-digit PIN that will be used to verify you later on when you decide to request a withdrawal.Make sure to remember the one you fill in.

Once you’re done, it’s time to visit the deposit section. You can do that by clicking on your balance in the top right corner of the screen. A huge “Deposit” button will appear, and it leads youto a screen where you can pick the payment provider you wish.

Bitcoin is on top of the list, so click on it. The next step is to get the Bitcoin address generated by Bovada and send BTC from your own wallet. If you don’t have one, I will share a couple ofrecommendations for a reliable option later in this post.

Within a minute after you send the money, it will appear in your Bovada account. You shouldn’t forget to take full advantage of the $5,000 Bitcoin bonus of the gambling site.

The biggest welcome bonus of Bovada is for Bitcoin users. You can get up to $5,000 in free cash on your first four BTC deposits.

Bovada will give you a 50% first deposit bonus of up to $500 when you add funds with Bitcoin for the first time. This means that a deposit of $1,000 will be enough for you to claim the fullamount.

There are certain terms and conditions you should be aware of. The Bitcoin bonus is available for the Bovada sportsbook, racebook, and casino. You can’t use it on the poker tables.

You need to wager the bonus 5 times in the sportsbook or the racebook. If you decide to use it in the Bovada Casino, you have to wager the Bitcoin bonus 30 times.

If you request a withdrawal before meeting the wagering requirements, you will lose the Bovada bonus.

Three 100% Bovada Bitcoin Casino Bonuses of up to $1,500 each

If you are a casino player, you can have another three Bitcoin Bovada bonuses. Each of them is worth 100% of your deposit of up to $1,500 and can’t be used in any of the other sections of Bovada.

The following terms and conditions apply.

Only deposits of $1,000 or more qualify for the Bovada Casino Bitcoin bonuses
You need to wager every bonus 25 times prior to withdrawal
Only slots and specialty games contribute 100% of the stakes placed towards the wagering requirements. Bets on products from other categories count for up to 20% of the value
Bets on live dealer games and craps don’t count towards the wagering requirements
If you request a withdrawal before clearing a bonus, you lose it, as well as the winnings from it

If you are not entirely sure if you should use Bitcoin for betting online, you should learn the advantages and disadvantages of the cryptocurrency. Let’s start with the positive sides.

Using Bitcoin is one of the fastest ways to withdraw your money from almost every betting site on the internet, and Bovada is not an exception. You can get your cash within 48 hours most of thetime, which is superb, especially for the USA.

Compare that to the 3-14 business days required for most of the other popular options, and you will see what I mean. If you want fast payouts, Bitcoin can certainly deliver.

Some of the banking methods available at Bovada come with fees. That’s not the case with Bitcoin.

The gambling site covers all the fees for the transactions, so both the deposits and withdrawals are free for the users.

There’s no full anonymity, but Bitcoin allows many options for more privacy in comparison to other payment providers.

The decentralized nature of the cryptocurrency means that every transaction remains in the blockchain, but there are no institutions like banks and governments that keep a detailed record ofevery person.

While I see Bitcoin as a mostly positive experience, there are certain downsides of using the cryptocurrency.

The exchange rate of Bitcoin is constantly going up and down. While you could control that to an extent by using wallets that support fiat currencies too, you can’t completely nullify thevolatility.

For example, you may place a bet, win it, and still lose value because the price of Bitcoin has dropped in the meantime.

On the bright side, the opposite could happen, too. You might actually end up winning way more thanks to the nature of the currency.

While Bitcoin is no longer some shady concept that is unknown to the masses, it’s still a bit complicated for most users. Understanding how everything works might be difficult for a lot ofpeople, so it would take time and energy to learn how to operate with Bitcoin.

The good news is that some of the wallets I recommend in the next section are among the easiest to use out there. If you think that would be important for you, make sure to check them out.

Recommended Wallets for Depositing Bitcoin at Bovada

Some of you probably already have a wallet for Bitcoin, so you don’t really need help in this regard. Others might just be entering the world of crypto, so it would be a good idea to receive sometips first. I will share a couple of reliable wallets but also explain how I selected them.

This will help you find one on your own if you prefer to conduct separate research.

Let’s start with some general advice for picking a Bitcoin wallet for gambling purposes. I always explore the following aspects of any service.

Safety
- You should always pick companies that can be trusted. The safety of your money is the top priority of the selection process, so make sure to check the reputation of each wallet and theexact way the information is stored and protected

User experience
- One of the downsides of using crypto is that it’s not exactly a piece of cake for beginners. Fortunately, most wallets nowadays are much easier to use compared to a couple of years ago

Country
- Using Bitcoin for gambling purposes from the USA could be an issue. If the wallet you are using is owned by a company in the US, it might be monitoring your activities. A lot of peoplehad their wallets shut for that reason. There are plenty of legit wallets based in countries where crypto is a grey area. I recommend that you stick to them, and there will be no issues

Fiat currencies
- One of the biggest downsides of using Bitcoin for gambling purposes is the high variance in the price. It goes up and down constantly. If you want to avoid big losses, you should pick awallet that lets you keep your money in a fiat currency like US dollar or euro. That way, you won’t care what’s going on with the price of Bitcoin

If you want to learn more details about the different types of wallets, I recommend that you visit the page below. It features plenty of useful information on the topic.

What Types of Bitcoin Wallets Are Available?

Before I move on to my actual recommended Bitcoin wallets for betting, I would like to share a couple of words about the different types you could get. They all have their advantages anddisadvantages.

Web wallets
- As the name suggests, you can go to the internet and find various sites that offer such a service. Some have a cloud-based platform, while others are basically exchanges that includewallets to their service. They are easy to use and require less time, but the security level is lower compared to some of the other options

Desktop wallets
- Another solution would be to download a desktop wallet. You simply need to install additional software to your computer. While people believe this is a safer approach compared to webwallets, you need to secure your computer well if you pick a desktop wallet

Mobile wallets
- You could also use a mobile app that would serve as your wallet. The logic is similar to desktop wallets, but this time, you add the software to your phone or tablet instead of yourcomputer

Hardware wallets
- The most secure way to store Bitcoins and other crypto would be to use a hardware wallet. That’s an external device that holds all of the information offline. You can connect the deviceto a computer when you need to move your money, but that’s it. The extra security comes at a cost, though, as the hardware wallets are the most expensive and rather hard to use

My recommendation to beginners would be to try one of the first three types of wallets first. If you like Bitcoin and you decide to invest more for some reason, explore the hardware options.

I will share my top choice for each group above, though, so it’s up to you. All of the recommended Bitcoin wallets can be used to deposit and withdraw from Bovada and other online bookmakers thataccept Bitcoin.

Let’s start with my recommended web Bitcoin wallet for gambling purposes. A lot of people think Coinbase is the place, but not for US players. You will most likely get your wallet closed, as thecompany is based and regulated in the USA.

Instead, you could give GreenAddress.it a shot. The platform is easy to use and has a flawless reputation. It’s one of the best for beginners out there, and there are some extra layers ofsecurity such as two-factor authentication options, the option for a hardware wallet, and others.

If you are looking for a solution that’s easy, safe, free, and fast, GreenAdress.it is a solid choice.

I was a bit torn on which desktop wallet to recommend, but Electrum gets the nod. It’s one of the safest desktop wallets thanks to some excellent encryptions and other measures designed toprotect your money. For instance, you can use a second computer that stays offline as storage.

At the same time, Electrum is completely free and one of the easiest desktop Bitcoin wallets to use. Even people with no experience with crypto should be able to quickly learn how to comfortablyhandle the software.

The good news is that Electrum is also available on iOS and Android. Feel free to visit the website of the wallet and learn more foryourself.

There are plenty of options on mobile, but I like Mycelium the most. That’s one of the earliest mobile wallets for Bitcoin out there. Initially, it was only available on Android, but you can nowuse it on iOS too.

Mycelium offers multiple features that provide security to your account. A good example is the “Watch Only” mode that allows you to view all activities while the transactions are disabled.

One of the downsides of Mycelium is the outdated design, but the user experience is still decent, and the app is certainly among the best mobile Bitcoin wallets on the market.

You can see the download options here.

The undisputed leader among hardware Bitcoin wallets is Trezor.io. If you want the best and most secure option on the market, that’s it. You can buy the device from various places, includingAmazon. It’s the only paid option on my list, but it’s worth the $70-80 you have to spend.

The Trezor.io device can be connected to Windows, Linux, iOS, and Android, so you can use it with pretty much every mainstream OS out there.

Another advantage is the encryptions implemented by Trezor.io that make sure your password is secure. You can easily restore your money if something happens, too, so this is the full package.

If you want one, Amazon is one of the places you can get it.

Other Betting Sites That Offer Bitcoin to US Players

Bovada is my top choice for a betting site that works with Bitcoin and accepts US players, but there are other trusted sportsbooks that do the same.

All of them offer a reliable service and a bunch of gambling products, including a sportsbook, a casino, and a racecard for horses.

If you have never tried Bitcoin for sports betting and you are in the USA, you are missing out. The cryptocurrency provides a reliable and fast way to gamble online.

I would recommend you to at least give it a try. Bovada is probably your best option, but the other gambling sites mentioned here would be an excellent choice too.

Betting Type

We feature the top bitcoin video poker casinos, also learn what is video poker, how to play it, and the different types of games that are available.

USA Players

7 Bit Casino – This casino is a great option for players residing in America. They have a wide variety of video poker machines including Oasis Poker, All American Poker, Bonus Poker, and Double Bonus Poker. Most of these games are available with 1, 5, 10, 50 or 100 hands hands.

What is Bitcoin Video Poker?

For several decades, Video Poker has been a favorite in casinos and bars globally, especially in the US. Currently, the game has a huge online community. With the improvement of the Internet and computers, it’s only logical that the newer generation of casinos offer games for Bitcoin, one of them being Poker. This article serves as a guide as to how to find and relish in the best Video Poker Games for Bitcoin, as well as highlight the advantages of them –a variety of games available and some information on how to get the most out of the same.

Advantages of Playing Bitcoin Video Poker

Poker players understand the unpredictability of the shuffles that create unlikely outcomes and even then, question the integrity of online casinos. This does not apply with Bitcoin casinos; BTC casinos layout information you require to show that deals are indeed fair. Known as ‘provably fair’, this involves server strings which are encrypted mixed with numbers from your own device to prove that the deals are true.

Best Wallet To Buy Bitcoin

One of the biggest advantages of Bitcoin Video Poker is that the games can be played completely anonymously. When registering you only need to provide a valid email address — the rest of your personal information stays completely private. Some casinos also note that the player needs to check whether online gambling is legal in their area.

When it comes to depositing or withdrawing with Bitcoin, transaction fees are non-existent. Firstly, you do not need to pay the 5% deposit of your credit card as a ‘transaction payment’. Secondly, casino overheads are lower without having to deal with payment processors. This also means that bonuses that you get on each deposit are much more generous compared to regular casinos.

Types of Video Poker Games

Joker Poker, Multi-hand variations, Jacks or Better, Deuces are some of the popular titles you can find on Bitcoin Video Poker games. The variety of these games is huge — both in quality or gameplay.

If you are looking for provably fair Video Poker games, you can choose from two different Bitcoin casinos. SatoshiBet — considered a pioneer, it offers 9 titles in its catalog of HTML5 games. Additionally, these include titles that are appraised as the core of the game. One example is Jacks-or-better which does not feature any kind of animation — the advantage being in the server strings that verify that the deal was indeed fair.

An improved version is the Btoomba Casino Video Poker. Known as the ‘Pirate Poker’, this allows you to play up to 10 hands at the same time, while opting for how many coins you want to use for each hand. The legitimacy of fair play is done by a pop-up window on the left-hand side. Also dubbed as Joker-poker, where Kings+ are needed for the littlest payout.

A newer and original casino provider is SoftSwiss, contributing two Video Poker titles to the Betchain casino — the two being Wild Texas and Jacks-or-better. In Wild Texas, you can choose to play from 1 to 100 hands, and is grounded to the rules of joker poker. The only downside being that this game does not offer proof of fairness, so you need to depend on the reputation of the casino or some other third-party software.

If you want a wider selection of games, you should head to BitCasino.io. Some of the games included are Joker Poker, Deuces, and Jokers, Deuces Wild, etc. You can also find versions of the same games that are enhanced for smaller devices, such as smartphones.

Another global software brand is PlayTech which offers titles through BC-Casinos. Some of the games you can find are Jacks-or-better and Joker Poker. The games are the most basic compared to the other offers from PlayTech, though they are highly rated for their gameplay. Keep in mind that the games are not the safest to play — do so at your own risk.

Get the Most of Bitcoin Video Poker

The most significant element of participating in Video Poker games is that you should always play with the highest number of coins as possible. The reason for this being that the royal flush payout is greater in relation to the fifth and final coin. Lowering the house edge to an extremely low percentage keeps your payroll in-game for a maximum of the time. You may also be able to reduce the value of this coin in order to keep the per-hand bet balance the same.

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