This Friday brought the news on the TwoPlusTwo forums that all players will also be able to make Bitcoin deposits, up to $25,000 per deposit, from any geographical location. Bitcoin withdrawals are expected to be added this week. Update - added Jan 15th, min. $25 / max $10,000.
Unlike on exclusively Bitcoin poker sites (e.g. Seals With Clubs) account balances aren't held in Bitcoins, only used as a method to add to and withdraw from your regular USD bankroll. Players therefore aren't affected by fluctuations in BTC currency while playing.
Exact conversion rate at the time of depositing or withdrawing will be displayed in the cashier. Bitcoin poker transactions are speedy, taking as little as a few minutes up to a few hours to process. Other benefits are anonymity, low fees and transparency.
Bitcoin is a perfect match for poker players as it avoids moving large amounts of conventional currency which can have tax implications. Poker players can buy and sell BTC in the HSNL transfer thread on 2+2. Many online casinos are also increasingly beginning to accept BTC.
The Winning Poker Network (including Americas Cardroom, Black Chip Poker and True Poker) is the joint second largest room to accept US players (Bovada being the largest), roughly tied with the Merge Gaming Network seeing 24 hour peak traffic of ~1000 players. RoW players are also accepted.
Unlike Bovada and Merge rooms (e.g. Carbon) however WPN rooms still offer rakeback, 27% on demand. Live satellites to the WSOP, LPS and PCPC run, alongside $1 million in GTD MTTs each month. The Beast progressive rake race was recently made 100% free, fully funded by the network with no rake drop.
By James Spillane, Rakeback.com Staff Writer
Up to 30% Rakeback + €1000 Bonus
Up to 70% Rakeback + None Bonus
Up to 22.2% VIP Rakeback + $500 Bonus
Up to 30% VIP Rakeback + $600 Bonus
Up to 30% Rakeback + $1000 Bonus
Up to 27% Rakeback + $1000 Bonus