Bitcoins Enter the Online Poker World

There are not a lot of good poker sites that take bitcoins. Betcoin.ag is hoping to change that, however. They have recently announced that they have joined the Winning Poker Network (WPN) and will be offering daily and monthly tournaments, including a 150 btc guaranteed tournament each month.

The Winning Poker Network is owned by Betcris, one of the most respected online gambling companies in the world. Licensed out of the Kahnawake Gaming Commission, the network takes most US players. Only Delaware, Maryland, Nevada, New Jersey, and Washington players are banned from the network.

Betcoin, through WPN, combines all the best aspects of an online poker website. Deposits are instant, immediate rakeback, a VIP Player’s club, high priced poker tournaments and sit-n-go’s, detailed player statistics, player notes, instant hand history, game replayer, and private / password protected games.

The use of bitcoin for gambling is a key positive versus using currency like the US Dollar or Euro. Bitcoin is digital cash. More specifically, bitcoin is a decentralized currency and payment network making it a new kind of money.

Bitcoin uses peer to peer technology to operate without a bank or any type of central authority. Transactions are managed and bitcoins are issued collectively by the network. Bitcoin is open source, with its design completely public therefore nobody or entity owns or controls bitcoin yet everyone can take part in bitcoin. Because of its unique properties, bitcoin allows for extremely fast transactions including instant deposits and instant withdrawels, as well as a myriad of other uses that could not be covered by any previous payment system. With bitcoin you no longer have to wait for deposits to clear and company’s to send you your money. If you deposit and win you can withdraw quickly.

For many poker players, forced to wait weeks for a payout by the likes of Bovada and other US-facing poker companies, Betcoinag’s entry into the poker world is great news. No longer will the “check be in the mail”. Bitcoin bettors who play at quality sportsbooks are quite familiar with getting paid in minutes rather than weeks. Now poker players will get that opportunity as well, thanks to Betcoin.