Online Poker is on Fire – BTC Poker Sites Booming

Online poker is booming . The ‘perfect storm’ of almost everyone staying at home due to Covid19, coupled with the fact that sportsbetting has been highly impacted (with most sports events being cancelled for the near future) has led to people hitting the virtual felt to get their gambling kicks.

Online gambling (sportsbetting, poker, casino) is not considered ‘legal’ everywhere. It many countries and in some states of the USA, it’s legal to wager online, but there are some exceptions where it’s a gray area. In these cases bettors, recreational gamblers and poker players turn to offshore poker sites – which are not subject to as many licensing laws and regulations as regulated gambling companies. You can check out our legal sportsbetting tracker to see the status of gambling in your state if you’re in the USA.

Online poker sites which accept USA poker customers (Bovada Poker, BetOnline poker & Americas Cardroom) have been experiencing customer traffic levels they haven’t experienced since back in the poker-boom days, before ‘Black Friday‘ – the day when the US government “closed down” online poker in the USA.

Similar things can be seen at regulated poker sites like PokerStars, 888 Poker and GGPoker, where tournament prize-pool guarantees seem to just get bigger and bigger, due to all the new players who have dived into the poker eco-system.

Bitcoin makes it easy to gamble online, securely and anonymously wherever you are

Bitcoin, also known as “BTC” is a digital currency (“crypto-currency”) which can be bought and/or traded on the internet. Bitcoin and other cryptocurrencies (such as Ethereum, Litecoin) have been embraced by the world – and especially so in the gambling world. Banks and payment companies are often reluctant to do business with gambling companies, and in some cases forbidden by law. Cryptocurrency gambling is a ‘magic bullet’ for gambling site operators, cryptocurrency gambling offers has many benefits to the consumer too.

Bitcoin Gambling Benefits

  • Reliability: Deposits with Bitcoin will NEVER be rejected, and will always be delivered to the recipient, with no doubt about receipt.
  • Speed: Crypto-based deposits and withdrawals happen in seconds and minutes – not hours, days or weeks, as is the case with traditional banking systems when checks, bank transfers and credit-cards are involved
  • Value: Some Bitcoin sites offer bigger bonuses crypto-currency customers over those depositing via credit-cards
  • Anonymity: as well as offering complete anonymity – Bitcoin is 100% secure
Thomas Nielsen