BetOnline is one of the world´s longest-established destinations for online gamblers. The site first started accepting online sports bets in 2001 and has developed over the years into a first rate venue. As well as being able to bet before-the-event and in-play on sports, visitors can bet on horseracing, esports and financials, try their luck in a choice of casinos, or test their skills at BetOnline Poker.
In October 2015, although already providing multiple banking options, BetOnline expanded its cashier so players could deposit and withdraw via Bitcoin – adding Litecoin and Ethereum deposit facilities in 2017. Now players not only have one of the most comprehensive online betting sites at their disposal, but the widest choice for funding their action quickly and securely.
When you make a Bitcoin deposit at BetOnline, the dollar value of the deposit is added to your account balance. When you request a Bitcoin withdrawal, you enter the dollar amount you want to withdraw, and it is converted into Bitcoin at the market rate. As the price of Bitcoin can rise and fall quickly, there may be a small discrepancy between what you expect to receive in your Bitcoin wallet and what you actually receive, but the discrepancy can sometimes be in your favor.
Bitcoin Transactions at BetOnline are Easy
In order to make a Bitcoin deposit at BetOnline, you will need to have created an account with the site and have funds available in a Bitcoin wallet. Then you log into your account (either via the website or via the downloadable poker client), click on “Deposit” and scroll down the page until you reach the Bitcoin option. Enter the amount you want to deposit and any applicable BetOnline Poker bonus code.
BetOnline will provide you with a wallet address to send the funds to, and you simply copy and paste the address into your wallet and click “Send”. A “Transaction Completed” message will appear on the deposit page once the deposit process is completed, and your funds will be ready to use immediately. You can deposit a minimum of $20, up to a maximum of $3,500.
To request a withdrawal, visit the cashier´s page, select Bitcoin as your withdrawal option, enter the amount you want to withdraw (minimum $20, maximum $5,000) and your wallet address. BetOnline guarantees to process the transaction within 48 hours – although in our experience, withdrawn funds arrive much quicker. There is a 2% charge for Bitcoin withdrawals.
The BetOnline Poker Bonus and Other Promotions
If the Bitcoin deposit is your first at the site, you will qualify for a BetOnline Poker bonus of double the amount you deposited up to a maximum dollar bonus of $2,500. In order to claim the bonus, you have to key in the BetOnline Poker bonus code “VIP2500” during the process described above. You also have to send an email to email@example.com with “VIP2500” as the subject of your email. Be sure to include your account number in the text of the email so the bonus is applied to the right account.
Once the bonus is applied, you receive Comp Points for paying a tournament entry fee or based on the amount you pay into the pot in cash games. Each time you have collected 1,500 Comp Points, $5.00 of your outstanding bonus is added to your account balance. The equivalent “rakeback rate” is a very generous 33%, and you have sixty days to clear the BetOnline Poker bonus before it expires.
Both while you are clearing your first deposit bonus and after it has cleared, you have the opportunity to take advantage of weekly rake races and leaderboard competitions, play in valuable poker tournaments with guaranteed prize pools and be in with a chance of winning the site´s $100,000 guaranteed Bad Beat Jackpot. BetOnline also offers a selection of non-poker deposit bonuses, freeplay promotions and rebates in its sportsbook and online casino.
The Choice of Poker Games at BetOnline Poker
BetOnline Poker offers a huge variety of cash games for players of all bankrolls. The most popular format of online poker – NL Texas Hold´em – is provided from stakes of $0.01/$0.02 all the way up to $5.00/$10.00; and, if you prefer other formats of poker, you can choose between Omaha, Stud, Americana and 32 Card Poker with a similar range of stakes.
All the site´s Sit and Go games and multi-table tournaments are played in NL Texas Hold´em format. Many of the tournaments have a re-buy and add-on structure and short periods of late registration. Some can be bought into using the Comp Points you will have collected while you were clearing the BetOnline Poker bonus, and the better you perform in the site´s Sit and Go games and multi-table tournaments, the more points you will earn towards the BetOnline weekly leaderboard competitions.
If you would like to check out the poker software before making a Bitcoin deposit, the site hosts freeroll NL Texas Hold´em tournaments throughout the day with real money cash prizes. Although giving you an opportunity to become familiar with the software´s features, the quality of play in these events is not representative of what you will find at the site when you pay to enter a multi-table tournament.
Around-the-Clock Traffic Makes the Site More Appealing
BetOnline Poker offers Bitcoin deposits, a valuable schedule of promotions and a wide choice of games; but one of its most appealing factors is that the site has around-the-clock traffic. Like many cryptocurrency-friendly online poker sites, BetOnline Poker´s tournament schedule is primarily targeted at players in US time zones. However, there are still plenty of opportunities for players from all over the world to enjoy a lucrative online experience at any time of the day.
One particularly lucrative opportunity for rest-of-the-world players exists in the qualifiers for the site´s weekly $50,000 guaranteed tournaments and monthly $100,000 tournaments. There are satellites to these valuable events taking place every few hours, and the ones taking place in the early American morning are frequently undersubscribed. Provided the timing of the target events (usually 4:00pm EST) is not too inconvenient for you, these represent a great opportunity to get extra value for your Bitcoin.
Also running around-the-clock is the site´s excellent Customer Support. Customer Support representatives can be contacted by phone, email or live chat (in the cashier) at any time of the day or night. We have found the representatives to be polite, well-informed and resourceful at addressing any problems we have encountered, even though they might be dealing with back-to-back enquiries about sports betting, casino games and online poker.
Our Overall Impression of BetOnline Poker
BetOnline Poker provides an acceptable product for people who want to fund their poker action with Bitcoin. The site´s poker software is not the best in the world, but it does have plenty of customizable options and can be played on Windows and Mac PCs or on your mobile. Over time there have been significant improvements in the software and we see no reason why this should not continue.
Everything else about BetOnline Poker gets top marks. It is a long-established site with a good reputation for fair play and security. The bonus for first deposits is one of the largest in the industry (be sure to use the BetOnline Poker bonus code “VIP2500”), there is a good choice of poker games, and the site hosts a large selection of skill-based promotions that many players benefit from.