Betcoin.ag Shuts Down Bitcoin Poker Client
This Christmas brought sad memories for Betcoin.ag poker players as the site shut down its poker client on Dec. 25. But this was not a sudden move.
As early as Dec. 18, Betcoin.ag released an announcement, giving players one last chance to enjoy its poker games. The reason behind the Betcoin.ag poker client shut down is it was acquired by an unknown buyer, and the new owner has no plans to continue offering poker through Betcoin.ag.
The site expressed its gratitude to poker players in its farewell statement:
“We know this is a sad day for all of our poker players and it is unfortunate for us as well. To all our fantastic poker players, thank you so much for making Betcoin your home for poker. To those of you who use our casino and sportsbook, those will remain untouched (with the exception of improvements)”
Betcoin.ag was one of the first gambling sites to deal exclusively in digital currency, including Bitcoin, Litecoin, and Ethereum. Poker players have been using digital currency to make deposits and withdrawals safely, without compromising any personal details such as address, credit card number, and mobile number.
The value of Bitcoin is volatile and it caused some problems. The cost of a transaction has increased; it could cost players a fee to deposit $50 worth of Bitcoin, leading to the increase of rake in some poker sites.
Mixed Reactions to Betcoin Poker Closure
But for other players, the poker client closing down may be a good thing. Betcoin received complaints about allegedly shady situations, such as a rake increase without any announcement or warning, paying players to post good things about the brand, and not showing concern for player security.
Another incident involved Betcoin busting a collusion ring. Instead of banning the cheaters and returning money to the victims, however, the site gave a portion of the money back and used the rest for a freeroll. The cheaters in question were allowed to continue playing on the site “under a strict watchful eye” and kept some of the money.
Players discussed the closure in forums after the announcement. There were many players wondering if they would receive a reimbursement for their contribution to the Bad Beat Jackpot, while others shared fond memories about playing poker on the site.
In the midst of the sad news, Betcoin reassured its players that the online casino and live casino would still be active, as well as the new sportsbook. The brand would also offer the same excellent service, instant deposits and withdrawals, VIP program, and affiliate program.
Apart from the announcement and the poker client closure, Betcoin has kept quiet about any updates. It is likely that in the future, Betcoin will release further details as the new owner begins operations.
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