Americas Cardroom, one of the largest poker sites to still accept American traffic, has decided to integrate Bitcoins as a payment method as of today. Players are currently only able to deposit money on Americas Cardroom using the popular cryptocurrency, but sources from inside the company suggests that withdrawals using Bitcoins is also on its way.
All deposits made by Bitcoin to the poker site will be converted into US Dollar in order to make it possible for players to play on the tables. The exchange rate is based on the current rate of the Bitcoin, which has been relative stable lately, with one Bitcoin being worth between $850 - $1,000.
Americas Cardroom follows in the footstep of the iPoker skin Winpoker, who was the first large network poker site to integrate Bitcoins as a payment method, doing so back in March 2013. The biggest site to allow Bitcoin transactions is also a site that only allows Bitcoin transactions, SealsWithClubs is the name and is by far the largest poker site online for Bitcoin players, having up to 700 players online in primetime. That is nearly double the amount of traffic in 2013 compared to the year before and SealsWithClubs does a great job of constantly adjusting the rake of the games.
Americas Cardroom will continue to accept US traffic to their site, with the exceptions of players from Maryland, Kentucky and Washington. Players wanting to try out Americas Cardroom should do so without any problems, as cash out reports of the large site is very positive and allows Americans to withdraw their funds fast and cheap.
The integration of Bitcoins for gambling sites is part of the sites strategy to accept American players without having to find payment processors. Bitcoins can be used anonymously and allows sites to go around the Unlawful Internet Gambling Enforcement Act known as UIGEA with ease and have the American traffic playing without having to worry about cash outs or the government.