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    HomeCryptocurrenciesAltcoinsCoinPoker Review (2021): Security and Privacy in Online Poker

    CoinPoker Review (2021): Security and Privacy in Online Poker

    CoinPoker is an online poker site that allows players to use cryptocurrency to fund their accounts, resulting in increased security and privacy. With no forced KYC and generous promotions and prize pools, CoinPoker is a good place for people who want to play stress-free.

    Pros and Cons of CoinPoker

    coinpoker review

    Read on for a list of pros and cons that can help you decide if CoinPoker is the perfect online poker platform for you.

    Professionals

    • Decentralized shuffling: CoinPoker is dedicated to fair play, so they use a random number generator in their blockchain to shuffle them using feedback from every player at the table.
    • A generous referral program: Once you meet all the requirements, you will receive 30% from the community contributions of your referrals while using the platform.
    • Weekly prize pools: both pros and newcomers can compete for a chance to partake in a weekly prize pool that exceeds USDT 3,000.
    • Rakebeck: receive a portion of the amount earned from the platform back every Monday.
    • Low levels of community input: Ranging between 2% and 7%, community contributions are used by the team to give back to their players in the form of other promotional activities.
    • Sports book: The platform recently added sports betting to its sportsbook offer, featuring 15 sports.
    • No deposit or withdrawal fees: Beyond the usual fees charged by any blockchain network, you won't have to pay anything to the platform itself when depositing or withdrawing your money.

    Cons

    • Relatively small community: There aren't many people playing at CoinPoker at the moment - but it does mean you might meet professional players for a unique opportunity to play against them.
    • Only Bitcoin Legacy addresses are supported: although it's just a bit of an inconvenience, it's worth knowing that in order to download money to your BTC address, you'll need to have the old version which starts with 1 as the platform doesn't support anything else.

    What is CoinPoker?

    CoinPoker is an online cryptocurrency poker site with its own native currency called CHP . The site launched in 2017 with play money and switched to real money in 2018. The platform uses blockchain to provide security, transparency and randomness, which helps address any potential issues with foul play.

    coinpoker key features overview

    The cryptocurrency poker niche itself is still relatively small, which CoinPoker considers an advantage: it means that the rankings aren't just cluttered with pros - even casual players can find their way in and win. However, that doesn't mean that only beginners and casual players play at CoinPoker: here you can meet Viktor "Isildur1" Blom, TonyG and Isabelle "No Mercy" Mercier for a unique opportunity to see how you would fare against the pros.

    withdrawal on coinpoker

    Generally speaking, the website is very clean and organized and incredibly easy on the eyes. It can be accessed from all over the world - including the US - and since they only accept cryptocurrencies, there's no need to worry about issues with banks. CoinPoker also doesn't enforce any KYC checks, which means their users don't have to worry about privacy breaches. Instead, the cryptocurrencies, which include USDT, ETH, and BTC, along with local CHF offer speed, security, and reliability.

    coinpoker review

    How to get started

    Starting a game at CoinPoker is extremely simple: just follow the link to download and install the app, then choose a username and set up your account. Alternatively, if you have already created an account and are now just reinstalling, you can log in straight away. Once you have entered your basic information, you will receive a confirmation email. There's an additional verification step: you can choose between phone number verification, where you receive a code via SMS, or a third-party KYC app called Civic, which you install and then scan a barcode to complete your account setup.

    download coinpoker review

    This is a far cry from the traditional idea of KYC: instead of having to provide absolutely every detail of your personal life - many providers insisting on KYC will ask you things like what your annual salary is or what you do with your money - you just have to prove you're not a bot and have access to a phone.

    With the check removed, the only extra thing you need to do before hitting the tables is filling out your account (which we'll cover in more detail in a separate section - in the meantime, you can rest assured that it's not complicated at all) . Should you encounter any issues, the platform invites you to feel free to contact the support team via email or even join their Telegram channeleven if it's just to hang out with other players.

    CoinPoker Games

    In addition to poker, CoinPoker also offers a sports book. Since its inception, their sportsbook has covered 15 sports with both pre-game and in-game markets, market odds, and all major football and basketball leagues.

    coinpoker sports book

    Of course, poker is still their main focus. Here you'll find Texas Hold 'Em, Short Deck, Pot-Limit Omaha and 5-Card Omaha. Texas Hold 'Em fans can also play Cosmic Spins, which can offer a prize pool worth up to 1,000 times your original buy-in. In the spirit of fairness and transparency, the platform also has a detailed blog post with the odds and rules for Cosmic Spin.

    coinpoker review

    What are the contributions of the community?

    Community Contribution (CC) is an important part of CoinPoker. Because the platform itself is commission-free, there are low levels of community contribution that drive it - instead of the usual table commission revenue used by traditional brick and mortar stores. These funds are returned to the players as they are the pool from which the promotions come from, among other things.

    CC rates range between 2% and 7%. Cash game stakes are 3%, while tournament stakes are 7%. However, the figures are not set in stone as the team has ensured to take the community feedback into consideration. Although they can be paid in any currency accepted by the platform, paying in CHP is preferable and offers special treatment, which we'll look at below.

    CoinPoker Bonuses

    The majority of players will want to know if a platform offers incentives to stay loyal to them. Although CoinPoker doesn't have traditional welcome bonuses that reward newcomers just for signing up, they make up for it with other ways to grow your wallet.

    Referral Program

    One of their current promotions is a referral program. You start by logging in and navigating to the checkout menu on your desktop or account menu on your mobile phone. Here you'll find your referral link - just share it with as many friends as you like, with a minimum of two before the rewards start rolling in, and get 30% of the total community contributions they make. This also comes with strings attached: you can't get anything until both of your referrals acquire at least USDT2 in community contributions.

    coinpoker referral program

    Once rewards become eligible for claiming, you'll need to do this manually - though there's nothing more to it than clicking a button that says "Transfer to Balance". While it's not automatic, it's also not a scary process that will take you all the time. It's also far from a one-time thing: once all the requirements are met, you'll continue to receive your reward as long as your referrals play at CoinPoker.

    Weekly prize fund

    A weekly prize pool of over USDT 3,000 is spread across three different classifications: No Limit Hold 'Em (NLHE), Multi Table Tournament (MTT) and Omaha Poker (PLO). A total of 150 players receive their share of the prize each week. The MTT ranking splits USD 860 between them each week, while the Cash ranking - which includes both NLHE and PLO - receives a total of USD 2,300 each week.

    coinpoker bonus

    The calculations are quite simple: for MTTs, your points will depend on the number of buy-ins, the number of participants and the seat occupied. Meanwhile, the Cash leaderboard calculates points based on the number of big blinds gone for community contributions, effectively rewarding activity rather than stakes. Additionally, if you select CHP when paying community contributions, you'll receive additional 50% points as an incentive for players to use the platform's own coin.

    Bad Beat Jackpot & Rakeback

    Beginners and veterans alike will agree that there are few things as frustrating as a bad beat. That's why CoinPoker has introduced the Bad Beat Jackpot, triggered when a very good hand is beaten by an even better one - and once triggered, everyone at the winning table will be rewarded regardless of their hand. There's nothing like a prize to take the sting away.

    bad bit jackpot

    CoinPoker also includes a concept called rakeback: a small percentage of the pot is taken (rake) from CoinPoker each time a hand is played. The platform keeps good track of this and 20% of the total rake you pay into CHP is returned to you every Monday.

    Deposits and Withdrawals

    Before you start playing at CoinPoker, you will need to complete your account. To deposit, you simply need to send the desired amount of BTC, ETH, USDT or CHP from your personal wallet to your CoinPoker account. The platform also warns you not to send directly from an exchange because that won't work, meaning your funds will be lost. The platform does not charge any fees for depositing. Deposits are instant in all cases except BTC, which can take a few hours to reach the required number of confirmations.

    When you deposit for the first time, you will need to provide your wallet number. This is permanently assigned to your account, meaning you will only be able to fund your CoinPoker account from this one wallet. This can be reset should you change your wallet for any reason, but only by going through the necessary steps with their support team.

    Withdrawals are even simpler: for ETH, USDT and CHP, the platform recommends using a MEW wallet as swap fees are under 1%. Funds are sent to the same wallet you used to deposit.

    However, BTC withdrawals are slightly different: first, the minimum amount you can withdraw is 1000 CHP. You will also have to pay a transaction fee to convert CHP to BTC. You will also need to provide an old BTC address that starts with 1; new formats are not supported. The download process also takes longer, but this is due to Bitcoin's requirements, not anything the platform can affect.

    CoinPoker Security

    CoinPoker takes the security of its users very seriously. First, unfortunately a very common problem with online poker rooms is the cheating potential. CoinPoker deals with this by introducing a random number generator on top of the blockchain, which is used as decentralized card shuffling software. All players at the table provide input, which is used by the software to determine the final shuffle value, so the shuffle is as fair as possible. The platform also has a fair play and anti-fraud system that ensures no one uses third-party software - unethical or automated play is eliminated.

    coinpoker review

    However, the site does not indicate whether they hold funds in offline wallets or use other security measures. For personal accounts, the security comes from the fact that you can deposit and withdraw with only one personal wallet - this ensures that the funds are yours and yours alone.

    CoinPoker Support

    CoinPoker offers customer support via a dedicated email address, but also Telegram channel, where you can meet other players and chat with them. Users are encouraged to contact the support team if they need help, but also for things like changing your account wallet or running into problems. There is no live chat feature integrated into the site, nor phone numbers through which you can reach them.

    Conclusion

    CoinPoker is a sophisticated cryptocurrency poker platform that puts customer satisfaction at the forefront. With generous prize pools, promotions and a great referral program, players will be able to replenish their account in a variety of ways - all the while playing poker through a secure platform without worrying if other players are potentially cheating.

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