Bitedge.com’s Review of CoinPoker: Is it a Scam?
As blockchain technology advances, exclusively designed crypto casinos are growing in popularity. One such casino is CoinPoker. CoinPoker is a crypto casino focused solely on poker. Let’s take a comprehensive look at what this casino has to offer.
General Information
- Established: 2017
- License: Curaçao eGaming
- Platforms: Windows, macOS, Android, and iOS
- Website: https://coinpoker.com/
- Payment methods: USDT, ETH, BTC, and CHP
Pros
- Top-notch security
- Different variations of poker games available
- 33% rake back every week
- Quick deposits and withdrawals
- Few transaction fees
Cons
- No Sportsbook available
- No Fiat currencies available
Decentralization
According to https://bitedge.com/crypto-casinos/ one of a crypto casino’s true marks is its decentralization and CoinPoker doesn’t fail. The site operates entirely on blockchain and features decentralized online card shuffling. It employs a decentralized random number generator (RNG) that utilizes the KECCAK-256 cryptographic hash function from the Ethereum network. This setup allows all players to influence the card shuffling process, promoting fairness.
User interface
CoinPoker’s user interface is laid out like top poker sites; simple, intuitive, and user-friendly. This makes it easy for both new and seasoned players to use the platform. The casino’s game organization helps players find what they want easily. They can also access their accounts, enjoy games, and handle payments without any hassle.
Games
CoinPoker offers poker games suitable for all skill levels. Players can enjoy different types of poker, including Texas Hold’em, Omaha Hold’em, 5-Card Omaha, and Short Deck Poker.
CoinPoker goes beyond standard games by adding jackpots, PLO cash games featuring popular players like Tony G, and various poker tournaments. These tournaments include a $200K GTD Hold’em event with a $5K buy-in, a $1K-entry tournament with a $100K guarantee, and two Omaha events with guarantees of $150K and $100K.
Is CoinPoker Licensed?
CoinPoker is authorized by Curaçao eGaming with license No. 1668 JAZ. This license enables it to run as a crypto casino in regions where such operations are allowed.
Registration experience
Registration on CoinPoker is quick and simple and no KYC (Know Your Customer) documentation is required to validate your account once you’re registered. To create an account, you will need to provide your name, email address, home address, date of birth, and password.
Payment information
CoinPoker is a crypto casino that supports USDT, ETH, BTC, and CHP. Because it is blockchain-based, deposits and withdrawals are instant.
Deposits
Though deposits are completed using USDT and CHP tokens, you can also deposit in BTC or ETH. Depositing into your CoinPoker account is easy:
- Register your CoinPoker
- Fund your account.
- Add your preferred crypto wallet. Engaging in crypto gambling requires you to have a crypto wallet.
- During the initial deposit, input your wallet’s address.
Deposits made in ETH and BTC are automatically converted into USDT.
Withdrawals
CoinPoker has very minimal restrictions on withdrawals and withdrawing from CoinPoker is also just as simple. The casino allows you to withdraw to any private wallet to get the cryptocurrency you would like to receive.
From time to time, nominal fees are applied to enhance the security of CoinPoker and provide straightforward cryptocurrency transactions and player-to-player transfers.
To withdraw:
- Log in to CoinPoker.
- Choose the cryptocurrency you want to withdraw and click “Withdraw”.
- Enter the amount.
- Enter your wallet address.
- Click the “Withdraw” button.
- An email confirmation code will be sent to confirm your withdrawal request.
Always remember that the value of the cryptocurrencies on the platform is subject to fluctuations.
Bonuses and promotions
CoinPoker offers enticing bonuses and promotions like:
- 150% Welcome Bonus of up to $2,000 for a minimum of $10. The bonus will be unlocked in 10% installments as you meet the rake requirements
- ₮1,000 to be won in the daily Hold’em and Omaha leaderboard pool.
- ₮15,000 to be won on the casino’s Monthly Tournament Leaderboard
- Increase your winnings every week with the 33% Rakeback every Monday for the previous week’s play. However, this is only available in CHP.
- Daily Cosmic Spins Leaderboard with a prize pool of ₮500 every day.
- Bad Beat Jackpots (BBJs) with $411,000+ in Total Payouts. This jackpot is triggered when a great hand is beaten by a better one. The list of the hands that need to be beaten for the jackpot to be paid out is in the terms and conditions. In other words, the jackpot is triggered when at least 3 players are dealt at the beginning of the hand and you use your pocket cards for the winning combination.
Final Opinion
CoinPoker isn’t a scam. It’s a legitimate crypto-gambling platform designed by poker lovers for poker lovers. It uses USDT as its in-game currency and CHP as a bonus. The poker-focused casino offers players a fantastic alternative to fiat-based poker gambling, including all the benefits that come with a crypto casino.
