Blockchain Poker — Where to Play and What to Know
If you love poker and cryptocurrency, blockchain poker is sure to be your next big passion. With convenience and entertainment at the tip of your fingertips, it’s no wonder online casinos are expanding more than ever.
Nowadays, there are tons of different games and poker variations to be played online, all within the comfort of your home. So if you’ve been thinking about taking part in this exciting endeavor, CoinPoker has your back. Today, we’ll break down how blockchain works, the best places online to play poker, and much more. So let’s get into it.
Blockchain vs. Cryptocurrency
Before we go any further and talk about poker rooms and bonus options, we thought it best to explain what blockchain and cryptocurrency are exactly, so there’s no confusion down the line.
Blockchains are essentially public databases, which people can view or add to at any time. They represent distributed ledgers that are secured by cryptography, and the unique thing about them is that they don’t reside on one, centralized server. Transactions are compiled into blocks, which are vehicles that hold data. And the chain makes up a consecutive string of every block.
On the other hand, cryptocurrency is a digital store of value. Its primary use is buying and selling goods, property, or services. The most popular examples of cryptocurrency are Bitcoin, Ethereum, Litecoin, and Dogecoin. One of the reasons people turn to cryptocurrency is that it can’t be counterfeited and it’s often not controlled by a single, centralized authority.
So what’s the difference between blockchain and cryptocurrency?
Well, blockchains can enable decentralized platforms, which then require cryptocurrency. Cryptocurrencies are a tool used on the blockchain and tokens used within a network.
Coins vs. Tokens vs. Assets
While we have you here, let’s just quickly go over the differences between coins, tokens, and assets. Here’s how to remember it:
Coins, like Bitcoin, Ethereum, Litecoin, and Dogecoin are highly visible and can be traded. They also have their own blockchain network, and they can be earned as rewards when playing.
Tokens don’t have their own blockchain network but are rather built on top of an already existing one. They can’t be earned through mining, but rather for providing specific, on-chain services.
Lastly, we have assets, which can be traded but aren’t divisible. They also can’t be earned through mining, but they can represent real world-items.
Benefits of Playing with Cryptocurrency
For some, blockchain poker and playing with cryptocurrency seem more of a hassle than it is worth. But we’re here to prove you wrong.
First off, there’s the issue of security, which can be lacking on platforms not powered by blockchain. It is virtually impossible for someone to hack, cheat, or scam another player on the blockchain.
What’s more, the distributed network of nodes is self-regulatory, which means that your money is safe and your transactions are secure. Oh, and also, there’s no way the game can be rigged against you.
Then, there’s the factor of anonymity, which is paramount for a lot of players. There are blockchain poker sites, which don’t require almost any personal data, and if they do, your information is completely secure.
You should also know that most blockchains are faster in processing transactions than regular banks, which means faster deposits and payouts. What’s more, many online poker sites offer incentives for players using crypto.
Features of the Best Blockchain Poker Sites
If you’re already feeling the inspiration to start playing blockchain poker, you should know the best places to do it. But first, let’s talk about what you should be looking for before you sign up for a platform.
Game Variety
Don’t get us wrong, blockchain poker is incredibly entertaining, but what happens when you want to play something else? The online casino you choose should offer a wide variety of games to play.
But if you’re stuck on poker, make sure to find virtual poker rooms that support different variants. The most popular ones you’ll find include:
- Texas Hold’Em
- Omaha
- Open Face Chinese (OFC) Pineapple
Network Traffic
If you love playing with others, you need to make sure that the online casino or poker rooms you choose have good traffic and a mix of players. Solid traffic is especially important if you want to participate in tournaments.
Tournaments and Prize Pools
Speaking of tournaments, if you feel like your game is good enough to join one, your chosen casino should give you the option. They tend to be more high-octane and high-reward and can attract players from all over the world.
You should also check out how big the prize pools are so you’re not wasting your time. Speaking of, CoinPoker hosts a monthly tournament, and players can win their share of ₮15,000 value every month!
Bonuses and Promos
Bonuses and promotions are excellent ways to get access to games or poker rooms you might not usually get. Of course, online casinos offer tons of different options, so always make sure to find something that works for you. While some players can’t do without a welcome bonus, others feel like having consistent promotions is more important.
Payment Options
We can’t talk about playing blockchain poker without mentioning the diversity of payment options. Depending on which casino you choose, make sure that their payment options work for you and that they accept the cryptocurrency you’re using. At CoinPoker, players can use USDT, CHP, BTC, or ETH to withdraw or deposit money from their accounts.
Best Blockchain Poker Sites
Now that you know how blockchain works and what you should be looking for in an online casino, let’s talk about where you’ll be playing. Of course, you’ll have your pick of poker rooms, but here are a few of our top selections.
CoinPoker
CoinPoker is a community-owned blockchain poker website that offers many different cash games, including:
- No-Limit Texas Hold’Em
- Open-Face Chinese
- Omaha
CoinPoker is available on mobile, which means you can take part in all tournaments, cash games, and crypto poker experiences on the go. At CoinPoker, you can take part in many different tournaments, which are open to all, beginners and pros. In fact, the platform hosted the biggest pot in online poker history, worth $1.6 million.
There’s also a 30% rakeback program that makes up for the lack of a traditional welcome bonus. Using impartial and secure blockchain technology, CoinPoker can ensure safety and fairness.
BetOnline
BetOnline has a long history, having been established in 1991. It’s a credible and safe site where you can play crypto poker games. There’s a steady number of players, distributed evenly across several tables.
BetOnline offers a welcome bonus for all newcomers, and it’s 100% for deposits that are smaller than $1000. However, there’s a 5.5% rake on cash tables, and there are no rakebacks. The supported currencies on BetOnline are BTC, BCH, ETH, LTC, USDC, 0x, ZEC, and XRP.
Ignition
Lastly, there’s Ignition, a platform that started operating in 2016 and sees a lot of network traffic. Like CoinPoker, they offer a solid game variety and tournaments with sizeable prize pools.
Ignition also has slots and live casino games, as well as eSports betting. New players get a $3,000 crypto welcome bonus, which is split 50/50 between casino games and poker. At Ignition, players can make deposits and withdrawals with BTC, BCH, ETH, LTC, and USDC.
How to Sign Up at the Best Blockchain Poker Sites
Now that you know where to play, it’s time to talk about the how. Keep in mind that each site will have its specific registration process and rules. But here’s what it usually looks like overall.
First, you’ll open the registration page, where you can input your email, nickname, and password. Then, you’ll receive a confirmation message in your inbox, asking you to verify your email.
Once you’ve successfully done that, CoinPoker will ask you to download the application, and it’s available for Windows, macOS, Android, and iOS.
The installation wizard will guide you through all the steps until it’s time to click Finish. Once you open CoinPoker, all you have to do to start playing is log in. To verify your account and ensure safety, CoinPoker also does SMS verification.
When you’ve taken care of all of that, you’ll see the entire platform and the games or poker rooms you can play. You can take your pick from Cash Games, Tournaments, Cosmic Spins, and OFCP. You can also see all the games currently being played and how many people are waiting to join.
Blockchain Poker FAQ
There are countless advantages to playing poker on blockchain sites, starting with accessibility. Also, these sites provide a level of anonymity that regular online casinos simply can’t offer. Their withdrawal times are quicker, the tournaments bigger, and the bonuses larger. And in the case of CoinPoker, there is provably fair deck shuffling to ensure no players have the upper hand over others.
Yes, when playing on reputable sites like CoinPoker and BetOnline, the experience is entirely safe and secure. Because blockchain technology is decentralized, all data is shared simultaneously on thousands of devices across the world. Unlike their fiat currency counterparts, blockchain guarantees privacy and security.
Yes, most online platforms also have mobile versions of their casinos. These will allow you to play on the go, no matter where you are.
When trying to figure out where you want to play, you should ask yourself a few questions. For example, can I play my favorite poker variant there, and is there a good mix of low and high-stakes games? What are the promotions and bonuses like and is there enough network traffic for it to be enjoyable? You should also look for information about payout processing, tournaments, and prize pools.
Why You Should Choose CoinPoker
With our large player network, world-class tournaments with massive prize pools, and ease of use, CoinPoker has it all. Our blockchain poker games see high traffic on a daily basis and with our wide variety of payment options, we’re sure to have something from almost all cryptocurrency lovers.
Our aim is to offer the most secure poker platform online, all while rewarding our players. We’re very proud to have given out thousands of USDT, ETH, BTC, and millions in CHP already.
Register today and join our growing community of crypto poker lovers at CoinPoker!
