New Bitcoin Poker Site BitnPlay to Go Live in February

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bitnplay home The latest entrant into the European online bitcoin gambling market is, which is expected to go live on Feb 1, 2015. At Bitnplay, players do not have to bother about traditional funding methods; they can just play safely, securely, and anonymously with bitcoins.

Unique Features of Bitnplay

Bitnplay is going to be a site with the difference. Since the primary banking method at Bitnplay is Bitcoin, players are going to feel very comfortable about depositing, wagering, and making withdrawals.

Players will also be happy to know that Bitnplay does not store any bitcoins on its website. Players can buy-in to tournaments directly from their bitcoin wallets and winnings will be sent directly to the winners’ bitcoin wallets. In other words, Bitnplay has no cashier and players do not have to make any deposits. This eliminates any worry players might have about the safety of their bitcoins.

Bitnplay will start by offering multi-table and Sit N Go Texas Hold’em tournaments.

Excellent Opportunity for Investors

Since it is a startup company, Bitnplay is presenting an excellent opportunity to investors and hopes to attract many of them through a system called Bitnpartners. The operator is selling 200 partner tokens, each of which is worth a couple of bitcoins. This makes the current dollar value of each token $630. So far, Bitnplay has managed to sell only one token, but if it succeeds in selling all 200, it could raise as much as $125,000.

Investors who have purchased the partner token will get 100% rakeback for life at Bitnplay. There is no restriction associated with these partner tokens; they just need to be associated with a single account. Investors are free to sell their tokens any time they please. A single investor can purchase several tokens via multiple accounts and sell his/her tokens to his/her friends.

On a website devoted to its Bitnpartners, Bitnplay says that affiliates can use this token by offering their own rakeback to players who agree to attach it to their accounts and get revenue without even playing poker.

Bitcoin Poker – An Infant Industry

Grinders will understandably be interested in an opportunity to get 100% rakeback for life, but this will be useful only if Bitnplay succeeds in building up a huge base of players. So far, no bitcoin online poker room has succeeded in attracting the hundreds and thousands of players required for an offer like the above-mentioned to be worth it.

Currently, the biggest bitcoin online poker room is SealswithClubs. has placed it in the 43rd rank as far as player traffic goes. The bitcoin poker site attracts weekly average of 110 players to its cash game tables. Bitnplay, being a startup, may find it very difficult to achieve this rank.

It is also worth remembering that no government or financial institution regulates Bitcoin at present, which makes it a great way to dodge unfavorable gambling laws in grey markets. There are a few disadvantages too. Since they are not insured, there is no way to recover lost or stolen bitcoins.

January 15, 2015: • No Comments

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