Descriptive information on Bitcoin wallets and exchanges, with links and useful guidelines for bitcoin setup, how to deposit to poker sites, and more.
Although Professional Rakeback recommends Coinbase as a good way for beginners and advanced users to purchase and manage Bitcoins, there are several accepted wallets and exchanges that vary in ease of use depending on your knowledge of Bitcoins. We provide a sample of these sites below with a brief description of each - be sure to do your due diligence to find the right wallet and exchange for your needs.
Players also have a lot of choice in what website they will deposit on using bitcoin with all of them also offering fast and efficient withdrawals, something US-based players have been clamoring for. Each site has advantages and disadvantages to consider and we would encourage you to check out our USA Poker Site Guide, First Deposit Guide, Cash Game Rake Guide and our other front page articles to find out what best work for you and your playing preferences.
If you would like a detialed guide on how to move bitcoins on and off a poker site using Coinbase and Blockchain we have a perfect guide for you with very detailed insturctions. To learn more about Bitcoins, we also recommend Bitcoin.org as a great source of general and accessible information.
Coinbase (Professional Rakeback recommended)
Coinbase serves to allow Bitcoin purchasing and storage with a simple, straight forward approach for any type of user. This is our recommended wallet for USA players. However, we recommend that it be used in conjunction with Blockchain. We recommend Coinbase to be the link to your US bank accounts, and Blockchain to be an intermediary between Coinbase and the real money US poker sites you use.
Blockchain (Professional Rakeback recommended)
Offering wallet services and in-depth insights into Bitcoin transactions, Blockchain offers "My Wallet" as a free online Bitcoin wallet which you can use to make worldwide payments for free. Blockchain is what Professional Rakeback recommends that you use to deposit and withdraw directly to online poker and gambling sites. We recommend that you then use another Bitcoin wallet such as Coinbase to do transactions directly with your linked bank account(s).
Electrum's focus is speed and simplicity, with low resource usage and instant start up times operating in conjunction with high-performance servers that handle the most complicated parts of the Bitcoin system.
SpareCoins is a open-source Google Chrome extension that can be opened with one click, offering browser encryption and storage for better security and decentralization while maintaining user convenience.
Simply design for ease of use and actively secured and monitored, Bitstamp allows users to buy from, trade, and/or sell Bitcoins to anyone over the internet directly. This is our "go to" site for checking up to date buy and sell prices of Bitcoin.
Kraken offers a professional, secure, and feature-heavy trading platform for speedy Bitcoin deposits and wirthdrawals.
GDAX is the trading platform that Coinbase does most of its business with. This is a good option for bitcoin users in the USA. By using limit orders at this exchange, players can reduce their effective fees down to a fraction of a percent.
Based in Norway but available worldwide, Justcoin is a straight forward Bitcoin exchange that allows users to securely trade, deposit, and withdraw Bitcoins.
LocalBitcoins is a safe and secure marketplace for trading Bitcoins locally for cash or online payments of your choice.
BitQuick is a Bitcoin exchange that helps connect Bitcoin buyers and sellers directly to their own bank accounts.
BTCspot is a direct Bitcoin exchange service that allows users to find the best deals to buy and/or sell Bitcoins in their own country.
Pai Wang Luo Network - This is the old Bodog Poker Network, which was sold to a group of Hong Kong investors. Since the sale, the site has been expanding into fishier markets such as Latin America and Asia. Players can deposit and withdraw bitcoin in amounts as low as $20 and all the way up to $9,500 at a time. The poker is fantastic, as the network excludes all of the shark-heavy European countries from playing there. Players in the USA can join the network via Ignition Casino's poker room and players from Canada and Latin America can access the games via Bodog brand. PWL network is currently the 4th largest poker network in the world and has cash game, tournament, SNG, and Zoom action ranging from micro stakes to $2,000 buy-in games.
Chico Poker Network - Chico Poker Network, which is home to BetOnline, is one of the newest additions to the Bitcoin poker world. Chico offers a plethora of tournaments, cash games and sit n’ gos with great promotions for each of those disciplines. Chico is also home to a trustworthy and well regarded sportsbook and casino. If you are not a member of Chico Poker Network you can take advantage of a great 200% up to $1,000 welcome bonus. If you already are a member keep watch of our home page for reload bonuses that are generally very lucrative every couple of months!
Seals With Clubs - The largest of the Bitcoin online poker sites. The site sports approximately two hundred player peak cash game traffic and one hundred and ten player cash game traffic average. Seals With Clubs offers fifty percent rakeback to players who start tables and through its lucrative Krill Rakeback Program, it offers up to another fifty percent rakeback. Yes, you read that correctly, a player who reaches the top tier Krill Rakeback and who starts tables can achieve one hundred percent rakeback while playing on this bitcoin poker site! Check out the Professional Rakeback review link, sign up, and and start enjoying the fishy games on Seals With Clubs today.
Winning Poker Network - The WPN consists of Americas Cardroom, Black Chip Poker, True Poker & YaPoker mainly. These are the network owned and operated skins of the third largest US friendly poker network. They now fully accept and process bitcoin. The deposits and withdrawals are very quick, with most people able to get money in their bank account in less than 72 hours! Winning Poker Network offers cash games, tournaments and sit n' go's, including their new Jackpot sit n' go's, which ahve become very popular. The site is the largest site activley seeking new US-based players and provides a very compeittive rake race for both cash game players, but also SNG players! Players can take advantage of the 100% up to $1,000 sign on bonus that clears at a very compeitive rate.
5Dimes -The flagship skin of the 5Dimes sportsbook group. This A+ rated sportsbook group has two different poker rooms, on two different networks for your enjoyment! Players who sign up at 5Dimes can deposit via bitcoin and participate in any of the poker games on either Winning Poker Network which has all of the great offerings we already covered or they can play games on Grand Poker Network, which is their own proprietary network that is great for micro stakes and small stakes players. Players can also bet sports and play casino games with their bitcoin deposits at 5Dimes. Shark Tank rakeback is available at 27% and Grand poker network is minimum 50% rakeback with a higher percent easily possible through their unique rakeback program!
Sportbet - This is the sister skin to 5Dimes. It carries the same financial strength as its sister site as well as an A+ rating at nearly every sportsbetting review website on the Internet. This American friendly poker site, sportsbook, and casino also accepts btc deposits from players all over the world as well as US poker players. Sportbet offers Shark Tank, Open Waters, and Fish Pond just like 5dimes. Like 5Dimes however, there is no poker deposit bonus available, only the standard rakeback deals of 27% for Shark Tank and 35% for Open Waters.
Betcoin (avoid: Incompetent Management) - This once promising upstart poker room has been plauged by an incompetent and unresponsive management team. We at Professional Rakeback think that the poker site itself has a chance of success, but only if the fools who currently run it are ousted and replaced with a management team that cares about both its clients and poker. Until such time, we highly recommend avoiding Betcoin Poker.
Professional Rakeback hopes that you've found this list of bitcoin wallets, bitcoin exchanges, and online poker sites that accept bitcoin to be helpful. If you are interested in any of the poker sites that accept bitcoin which we have mentioned, please read our reviews. If you still have questions, no sweat, just use the contact us link at the bottom of every page and drop us a line on Skype, AIM, email, Facebook or even Twitter. We will be more than happy to help with any and all questions as well as find the poker site that best fits your needs as a player.