It is nearing Christmas time, and Intertops has brought us all an early treat. The award winning A+ rated Intertops cashier has added Bitcoin deposits and withdrawals for all players! This latest move will allow players to make transactions with the site much easier than ever before using the Bitcoin crypto currency!
UPDATE: Full Bitcoin integration is now live and Bitcoin withdrawals are now available as well!
Intertops is an A+ rated online gambling company who has been in online operation steadily since 1996, making them one of the oldest online sports books in the world. Intertops has long been known for their sports betting, but they also offer two online casinos featuring over 200 individual games, live betting, and what we are most concerned with, an online poker room connected to the Revolution Gaming Network.
Intertops's A+ rating at many sportsbook and poker review sites stems from the fact that their payouts are exceptionally speedy. In a business such as online gambling which is unfortunately ripe with fly-by-night operators looking to separate customers from their money, Intertops stands out as a long-term reliable partner to players all over the world, including players from the USA. Now, in accordance with keeping up their reputation of fast, flexible, and diverse deposit and withdrawal methods, the Intertops cashier has introduced Bitcoin deposits.
Bitcoin is a word that has been said a lot in the past couple years, but many people still don’t know what it is, and even fewer understand how it works. Bitcoin is a digital crypto-currency that allows for individuals to make purchases anonymously and without needing to give credit card or other important sensitive identifying information to any person, company, or government entity. The price that bitcoins are trading at is strictly based on the perception of value that it creates, i.e. via supply and demand in the good old free market. This is the case, because no government or other agency backs the currency and it is not tied to a commodity such oil, or a metal such as gold or silver.
Intertops is not the first network to offer its players Bitcoin as a method in the cashier, but it is by far the most reputable . Poker players who want their winnings to remain anonymous, or have a very easy and cheap way of moving money to or from a site have an option that will meet their needs now. This is especially important for American online poker players who have limited methods available for deposits and withdrawals.
The Bitcoin deposit will work like current funding procedures available to Intertops customers. This means that they will use the cashier button conveniently located in the poker client and will then have to make a selection to deposit via the Bitcoin option. If a player makes a deposit they will see the amount credit to their account in as little as 10 minutes.
The USD to bitcoin conversion rate that Intertops uses yields a very competitive conversion rate. In Professional Rakeback's testing, we tested multiple $1,000 deposit requests and then compared the amount of bitcoins needed to fulfill that deposit against the current bid and ask prices listed on the very popular BitStamp.net site. The results of these tests always yielded prices somewhere between the bid and ask spread currently offered on BitStamp at the time of the deposit request. This should allow players to feel they are getting a fair price at all times and will guard against short term variation in one price source as opposed to another. The price quoted to a potential depositor at the time of deposit will be good for 30 minutes at which time it will expire and if a deposit hasn't been made, a new deposit will need to be initiated.
At the time you are reading this article, deposits to should be available to all Intertops customers in the USD equivalent of as little as $10 up to $1,000 USD. Keep in mind however that this is only the opening phase. By the end of 2015, the maximum deposit amount is likely to increase. Bitcoin denominated payouts and withdrawals are scheduled to go live in January 2016. Withdrawal times are expected to be 24 hours or less once implemented.
For poker players, Interops offers an above average package. Through Professional Rakeback, players creating accounts will be given 36% rakeback paid directly to their accounts by Intertops, with a mere 24 hour delay. That means that the prior day's play is paid out the following day! The poker room also offers a 200% matching bonus, up to $1,000 maximum which means that a $500 btc deposit will net you the entire poker deposit bonus. Said poker deposit bonus clears at approximately 27% effective rakeback for most game types, yielding an initial combined bonus and rakeback rate of 63%! Not to mention rake is calculated using the dealt methodology, so players get paid for every single hand they play. Furthermore, Intertops offers a weekly $4,000 rake race, new depositor freerolls, and a variety of satellite tournament entries to live poker tournaments.
Sports bettors are greeted with a $200 deposit bonus, and up to $500 worth of free NFL bets. While casino players have two different options, the "Classic Casino" and "Red Casino," each of which have their own separate 100% matching deposit bonuses as well as free Wheel of Fortune spins and other various freebies.
Intertops is now another of the major US facing network to offer Bitcoin as an option for deposits and withdraws. When coupled with the great promotions and player incentives already at the Revolution Poker Network it’s a very smart move to start playing on Intertops's digital felt. Are you going to take advantage of the new bitcoin deposit and withdrawal options? Do you feel comfortable using bitcoins for your poker transactions? Tell us on Twitter and Facebook!
You can read our entire Intertops Poker review here
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