CoinPoker Review: Play at #1 Crypto Poker Site

CoinPoker is the leading cryptocurrency online poker site that caters to players worldwide, offering them a chance to enjoy different poker formats across all stakes using USDT, a popular stablecoin that maintains a 1:1 ratio with USD.

Founded by a team of poker enthusiasts, CoinPoker strives to provide a safe and pleasant environment for all players who prefer playing with crypto over fiat. The site is licensed by the Government of Curacao and built on a technology that ensures transparency and fairness.

This extensive CoinPoker review explains everything there is to know about this modern poker operator, including an in-depth explanation of CHP, the site’s own cryptocurrency that is used internally and plays an important role in rakeback payments.

Why Play at CoinPoker?

CoinPoker Welcome Bonus

CoinPoker offers a big welcome bonus for all new players, featuring a generous 150% match up to $2,000 on your very first deposit.

While all games on the site happen in USDT, you can deposit with many other cryptocurrencies, so there are no restrictions in this department.

To claim the welcome bonus at CoinPoker, players need to deposit at least $10, which gives them a $15 bonus.

To take full advantage of the offer, you’ll need to deposit $1,334, which will result in a full $2,000 amount.

To unlock the full bonus, you’ll need to generate two times the bonus amount in rake paid. The offer is released in 10% chunks.

For example, if you deposit $200, you’ll receive $300 in bonus funds. These funds will be distributed in 10 installments worth $30 each, with one chunk released every time you generate $60 worth of rake playing in cash games or tournaments.

You will have 30 days to release the full bonus amount. If you don’t manage to do it, any remaining bonus balance is removed after the 30-day period, but any money released up to that point will remain in your balance.

• Deposit at least $10
• Use the appropriate bonus code when depositing
• Play games to generate rake & release the bonus
• To release the bonus, you need to generate two times its value in rake
• The bonus is released in 10% installments

Coin Poker Promotions

There is a variety of promotions on offer at CoinPoker, giving players a chance to claim additional funds beyond their winnings at the tables. This includes a generous rakeback system, various leaderboards, and much more.

CoinPoker Rakeback

All players on CoinPoker are eligible for a 33% rakeback. This applies from the moment you sign up for an account and start playing for real money, and it is a pretty good deal.

However, this is where CHP, the operator’s native crypto, comes into play, and to take advantage of the rakeback offer, you need to understand how this works.

CHP is a cryptocurrency that CoinPoker created, and it is used for Community Contributions such as rake, bad beat jackpots, etc.

You do not have to own any CHP to play on the site, and if you don’t have any, your Community Contributions will be paid from your USDT balance. However, only rake paid with CHP qualifies for 33% rakeback.

So, once you leave a table, if you have enough CHP in your balance to cover the rake paid, you’ll have 33% rakeback calculated and added to your running tab. The rakeback is paid every Monday to your CHP balance, and you can easily convert funds from CHP to USDT and vice versa whenever you want.

This may sound a bit confusing, but the bottom line is that you should always have some money in your CHP balance to make sure you get the full benefits of the rakeback, and you can convert the rest to USDT that you can use to play with.

• Play cash games & pay rake in USDT
• When you leave the table, 50% of the amount paid is taken from the CHP balance
• That amount is paid back into your USDT balance
• Every Monday, you receive 33% of your rake back

Cash Game Leaderboards

CoinPoker hosts daily cash game leaderboards for Texas Hold’em and Pot Limit Omaha players. Leaderboards have daily prize pools of USDT 1,000 each, awarding the top 15 players at the end of the period.

Leaderboard points are awarded based on the number of big blinds contributed by a player. Naturally, higher stakes bring bigger points. Here’s how it all breaks down:

• NLHE2 & PLO2 – 2 points per big blind contributed
• NLHE5 & PLO5 – 1.75 points per big blind contributed
• NLHE10 & PLO10 – 3.25 points per big blind
• NLHE25 & PLO25 – 8 points per big blind
• NLHE50 & PLO50 – 15 points per big blind
• NLHE100 & PLO100 – 24 points per big blind
• NLHE200+ & PLO200+ – 36 points per big blind

The winner of each respective leaderboard claims $250, the runner-up gets $175, and the third-place finisher claims $125. The minimum amount paid for those finishing in paying positions is $10.

Monthly Tournament Leaderboards

For tournament players, CoinPoker features a monthly MTT leaderboard with $15,000 in prizes up for grabs. The leaderboard rewards the top 150 finishers with a mix of cash and MTT tickets.

Tournament leaderboard points are calculated using a special formula that takes into account the number of players, the finishing position, and the tournament buy-in.

Additionally, you can get a 10% points boost by signing up for a tournament before it begins, which is CoinPoker’s way to incentivize players to register early and create bigger MTT fields.

Likewise, if you have enough CHP in your balance to pay for Community Contributions (rake) when registering, you’ll receive 50% more points. This is another reason to always have some CHP handy and use it to cover tournament fees.

After a full month of play, results are finalized, and winners are paid. The top finisher picks up USDT 1,000 in cash as well as $900 worth of tournament tickets.

Bad Beat Jackpots

All cash game tables at CoinPoker participate in the bad beat jackpot promo, and 2.5% of all rake collected goes towards building the bad beat pot.

All stakes play for the same jackpot, but the amount awarded depends on the stakes. There is a detailed breakdown of these percentages on the CoinPoker site.

To trigger a bad beat jackpot, there are a few things that need to happen:

• At least three players must be dealt into the hand
• The winning player must use both hole cards
• The losing hand must be AAAKK (for NLHE), Straight Flush (for PLO), or Straight Flush 3-7 or better (PLO5)

If all these conditions are met, all players seated at the table will get to share the corresponding percentage of the bad beat jackpot. The lion’s share of 50% goes to the losing player. The winning player gets 20%, while everybody else shares 20%. The site keeps the remaining 10% as the admin fee.

What Games Can You Find on CoinPoker?

CoinPoker offers a good selection of games across an excellent range of stakes. At the moment, there are three game variations available: No Limit Hold’em, Pot Limit Omaha, and Pot Limit Omaha 5.

Cash Games

CoinPoker features a wide array of stakes when it comes to cash game action. Players can join tables with blinds as low as $0.01/$0.02, where the buy-in is just $0.80, which is great for those new to the game or looking to build their bankroll.

On the other end of the spectrum, there are cash tables as high as $500/$1,000 for full-ring games and up to $1,000/$2,000 for heads-up play.

CoinPoker Tournaments

It’s interesting to note that you’ll only find heads-up, four-handed, and seven-handed tables on CoinPoker. The site doesn’t offer any traditional full ring (9-max) or standard short-handed (6-max) play.

• NLHE stakes: $0.01/$0.02 up to $150/$300 ($500/$1,000 for heads-up)
• PLO stakes: $0.01/$0.02 up to $400/$800 ($1,000/$2,000 for heads-up)
• PLO5 stakes: $0.01/$0.02 up to $400/$800 ($500/$1,000 for heads-up)

For tournament players, there is plenty of action on offer as well. CoinPoker features a rich daily and weekly schedule, and there are several big series throughout the year where things pick up, and guarantees grow significantly.

There is something for every bankroll, as there are plenty of freerolls and micro buy-ins starting as low as $0.10 for satellites and $1 for regular tournaments. For high-rollers, CoinPoker hosts numerous big buy-in events, too, with buy-ins as high as $5,000.

Outside of major series like Crypto Series of Online Poker (CSOP), some of the biggest and most valuable events taking place on CoinPoker every week are:

• $1,000 Falcon with $150,000 GTD
• $500 Sunday Main Event with $70,000 GTD
• $200 Sunday Warmup with $20,000 GTD
• $250 Daily Supreme with $7,500 GTD

Cosmic Spins

CoinPoker Features its version of jackpot spin-and-go tournaments called Cosmic Spins. These games feature a familiar format with three players and a prize pool that is randomly determined at the start of the tournament.

With Cosmic Spins, the prize ranges between 2x and 1,000x the buy-in, and there are eight distinct buy-in levels to fit every bankroll. Additionally, there are two Daily Cosmic Spins Leaderboards awarding $500 in tournament tickets to top finishers.

• $0.25 Cosmic Spins – win up to $250
• $1 Cosmic Spins – win up to $1,000
• $3 Cosmic Spins – win up to $3,000
• $5 Cosmic Spins – win up to $5,000
• $10 Cosmic Spins – win up to $10,000
• $25 Cosmic Spins – win up to $25,000
• $50 Cosmic Spins – win up to $50,000
• $100 Cosmic Spins – win up to $100,000

How to Start Playing on CoinPoker

Signing up for CoinPoker is easy, and you’ll have your account ready in no time. Follow these simple steps, and you’ll be in action in a few minutes.

#1 Visit CoinPoker Site

To start, visit the CoinPoker official site through our link and click on the red ‘Download’ button. You’ll need to download the software to be able to sign up, as there is no web-based signup process.

#2 Sign Up for a New Account

Once the download completes, run the software and click the registration button. Fill in the few basic boxes with your email and basic personal info, and you’ll be all set.

#3 Log In & Deposit With Our Bonus Code

Log in with your newly created account, navigate to the cashier, and make your first deposit. Make sure to use the bonus code when doing so to take advantage of our exclusive welcome offer.

#4 Pick Your Game

You can now browse the CoinPoker lobby to see all the cash games and tournaments running. Take your time to find the ones that fit your preferences and bankroll.

#5 Join the Action

Once you find the games you want to play, you can join the action with a simple click. Take your seat to start playing and generating rake to release your welcome bonus.

Coin Poker Software

The CoinPoker desktop software may not be as polished as that of some bigger and better-known poker operators, but the platform does the job more than well.

This is proprietary software that was developed specifically for CoinPoker. The classic black and white layout gives off stylish vibes, while the whole interface is very straightforward and player-friendly.

You can easily access several main lobbies, such as tournaments, cash games, events, and Cosmic Spins, while the filters system allows you to further narrow down the games you want to play by stakes, types, and registration status.

In the account settings, you can configure things such as:

• Your avatar
• Deck type
• Table background
• Auto rebuys
• Show stacks in big blinds
• Run It Twice

CoinPoker also allows you to configure betting buttons for preflop and postflop betting action. This is very useful, especially for players playing multiple tables who rely on certain bet sizes in a majority of common spots.

CoinPoker Mobile Apps

Like every modern operator, CoinPoker offers mobile apps for Android devices and iPhones. You can download both apps straight from the site, and you’ll need to manually allow the installation once you do.

The app itself is pretty sleek, similar to what other operators offer. You can play up to three tables at once, and cash games, tournaments, and Cosmic Spins are all available.

CoinPoker Player Traffic & Game Quality

The player traffic at CoinPoker has been on the rise lately, and this trend will likely continue, with the operator investing a lot of effort to attract more players.

You will not struggle to find games up to $1/$2 for NLHE, PLO, and even PLO5, as there are almost always a few tables running, especially during evening hours. At $0.50/$1 and below, there is always plenty of action, so you can easily get in on a few tables.

Higher stakes games run as well, but, as is often the case, these aren’t available at all times. There are usually a few players waiting for action, so there are some games with three and even four-digit blinds happening now and again.

When it comes to the quality of players you’ll encounter on the site, it is certainly lower than what you’ll find on traditional poker sites. CoinPoker has a good number of recreational players, so games are much softer and much more exciting.

The fact that there is a lot of PLO and PLO5 action also speaks volumes about the type of players you’ll come across here. Many of them are looking for action and are willing to give action, which is pretty much the perfect setup.

• Good traffic up to NLH/PLO200
• Some action at higher stakes
• Softer games and more action across all stakes

How Does CoinPoker Banking Work?

As mentioned earlier, CoinPoker is a crypto poker site, which means that it only works with cryptocurrencies and doesn’t handle payments from traditional methods.

You’ll notice that all games on the site are displayed in USDT, which is a stablecoin that is equivalent to USD, i.e., 1 USDT is always worth $1 without any fluctuations.

However, in the CoinPoker cashier, you’ll also notice CHP, which we’ve already mentioned as the site’s cryptocurrency that is used to cover Community Contributions. We’ll now explain CHP in some more detail and also cover deposits and withdrawals.

CoinPoker and CHP

CHP is an ERC-20 token that can be purchased and sold on a variety of cryptocurrency exchanges, but players can also obtain it on the CoinPoker platform.

It is important to understand that CHP is not used to play games and you don’t have to have it to be able to play on the site. However, whenever possible, the operator will use available CHP to cover rake or tournament fees.

Here’s how it works in a nutshell. When you play in a ring game, you’ll be paying a rake in USDT as the game progresses. Once you leave the table, if you have CHP available in your balance, the operator will take 50% of the total amount paid in CHP and reimburse USDT back to your cash balance.

The reasons why you should have some CHP have already been explained in this CoinPoker review. Only the rake paid with CHP is calculated for the rakeback. When you pay tournament fees with CHP, you’ll get point boosts for MTT leaderboards, etc.

The easiest way to get CHP is through the CoinPoker cashier, where you can easily and instantly exchange any amount of USDT for CHP and vice versa.

CoinPoker Deposits & Withdrawals

Although all play on CoinPoker happens in USDT, you are free to deposit using a variety of other cryptocurrencies, which are converted to USDT. You can make deposits from personal wallets and major exchanges in the following cryptocurrencies:

• USDT
• BTC
• ETH
• CHP
• BNB

When it comes to withdrawals, you can cash out only to a personal wallet, so you’ll need to have one ready to cash out your winnings. Depending on the selected wallet and cryptocurrency, there are different withdrawal fees:

Withdrawal Option	Fee
USDT – ERC-20	10 USDT
USDT Polygon	0 (No fee)
ETH	5 USDT
BTC	0.00001536 BTC
BNB	0 (No fee)
MATIC	0 (No fee)
CHP	10 USDT

Withdrawals are usually processed within a few hours, although it can take up to 48 hours for larger withdrawals to come through.

It is worth mentioning that CoinPoker also allows player-to-player transfers, which is always a very handy feature to have.

Licensing & Trustworthiness

CoinPoker features a gaming license from Curacao, which is a standard gaming license for gambling operators targeting international players. It is worth noting, however, that, unlike many crypto operators, CoinPoker actually obtained a gaming license, which speaks volumes about their dedication to a fair and safe gaming space.

The operator uses a special decentralized Random Number Generator that guarantees the fairness of all games. The output is generated based on the actions of all players at the table, which makes the RNG impossible to reverse engineer.

CoinPoker takes player data protection very seriously and handles user information with the utmost care. The company adheres to all modern laws and standards in this regard, so you can rest assured your sensitive personal and financial information will not be distributed without your explicit consent.

The site has a standard set of KYC procedures in place, but, in practice, players are allowed to deposit and withdraw without undergoing this process in most cases. This makes playing at CoinPoker a much smoother experience, removing some of the usual frustration that comes with slow and inefficient account verification procedures.

Finally, if you ever come across a problem, CoinPoker offers support via email, on-site chat, and Telegram, where you can get in touch with support agents around the clock. Many of the common questions have already been answered in the Telegram channel, so you might be able to find them on your own.

Why Should You Try CoinPoker?

While the idea of a cryptocurrency site may initially turn many players off, there are many reasons to give CoinPoker a try.

For one, the games on the site are much softer and more enjoyable than what you’ll find in most rooms, and there is still plenty of player traffic to keep you busy. This alone is a big reason to play here.

Secondly, the room operates on a model that gives almost all of the rake back to the players in one way or another. With rakeback, all the different leaderboards, and other promotions, there is a lot of extra money you can get to boost your bankroll.

Finally, once you get used to using cryptocurrency, you’ll love the fact that withdrawals are often lightning-fast, devoid of unnecessary delays and holdups. Quick and efficient cashouts are something every poker player out there wants!

FAQ

Is CoinPoker a safe site?

CoinPoker is a reputable online poker site licensed by the Government of Curacao and powered by a decentralized Random Number Generator that guarantees the fairness of all games.

What is a CHP token on CoinPoker?

CHP is an ECH-20 token used by CoinPoker to cover Community Contributions, i.e., rake, tournament fees, bad beat jackpot contributions, etc.

Do I have to buy CHP to be able to play on CoinPoker?

You don’t have to buy CHP to play on the site. However, having the CHP token in your cashier will make you eligible for rakeback and give you other boosts when it comes to various promotions.

Is there a CoinPoker mobile app?

Yes, there are CoinPoker mobile apps for Android and iOS devices. You can download both from the operator’s official site as they are not featured in respective app stores.

What poker variations can I play on CoinPoker?

At the moment, CoinPoker offers No Limit Texas Hold’em (NLHE), Pot Limit Omaha (PLO), and Pot Limit Omaha 5 (PLO5).