CoinPoker Poker Room Review

Poker Room Reviews > CoinPoker Poker Room Review

Pros

• Accepts players from all over the world including the US, Australia, and Canada – no geographical restrictions
• Supports cryptocurrency, stablecoins (USDT & USDC), and fiat deposits
• High-stakes cash games and tournaments
• Excellent software and mobile compatibility
• Weekly cash game leaderboard
• No Know Your Customer checks or ID verification
• 150% deposit bonus of up to $2000
• 33% rakeback if you’re willing to hold CHP coins
• Zero withdrawal fees
• Bad Beat Jackpot applies to all cash games

Cons

• Limited to a few poker variants

CoinPoker History

CoinPoker made its debut in 2017 and quickly established itself as a preferred destination for all categories of poker players worldwide. It also launched its native crypto token known as CHP through a Pre-ICO campaign the same year.

And by early 2018, the CHP token had been fully released.

Renowned as a completely decentralized poker site, CoinPoker leaves no stone unturned to deliver unbeatable gameplay. It offers three high-quality poker variants: No Limit Texas Hold’em, Pot Limit Omaha, and 5 Card Pot Limit Omaha. While few in number, these games deliver the authentic thrills that players crave.

The platform also constantly hosts tournaments, promotions, and other exciting events, with massive prize pools—all of which have contributed to its steady growth over the past few years.

In 2022, CoinPoker made major headlines after hosting the largest online poker pot. Today, CoinPoker still boasts some of the biggest cash pots around.

Originally a crypto-only poker site, CoinPoker has decided to expand its payment options to cater to other categories of players. At the time of writing, it supports fiat payments in more than 25 countries alongside stablecoins (USDC & USDT) and cryptocurrencies like BTC, ETH, SOL, BNB, and many more.

New players get a 150% welcome bonus of up to $2000, while existing players, particularly those depositing with CHP receive a 33% rakeback weekly. Freerolls are organized regularly to supercharge the competitive spirit and give players free entry to high-roller tournaments.

Major poker pros like Tony G, Mario Mosböck, Patrick ‘Pads’ Leonard, Carl Froch, Olivio Gontijo, and Bobby James have all joined the rapidly growing poker community of CoinPoker as ambassadors. The platform is also a regional sponsor of the Argentine Football Association, a feat that speaks to its credibility.

CoinPoker Mobile Compatibility and Software

CoinPoker is available to download on any PC, Mac, iOS, or Android device. The poker software operates smoothly and without interruption across all platforms, so you can easily play here using many modern devices.

CoinPoker makes a point of publicizing a “provably fair” Random Number Generator to deal all poker games. The software also boasts a number of user-friendly features like full hand histories and replays, the ability to run it twice during cash games, and plenty of visual customization.

You can adjust the way the deck and cards look, table backgrounds, and much more.

Mobile support at CoinPoker is excellent as the site boasts a full poker client that Android and iOS users can download through the CoinPoker website. Through the mobile application, you can access all of the cash games and tournaments that are available on the desktop client.

The application also updates quite regularly, which ensures it continues to improve and operate well. The CoinPoker mobile software does utilize portrait orientation like many of the popular “social poker” apps, but the functionality is excellent and it even allows users to play multiple games at once.

₮10 NL Hold’em cash game table at CoinPoker

CoinPoker Cash Games

CoinPoker is primarily known for its excellent cash game offerings from the micro-stakes all the way to the highest nosebleed stakes available on the internet. All of the cash games here are denominated exclusively using USDT, or Tether.

Blinds are available as low as ₮0.02/₮0.05 up to heights of ₮2,000/₮4,000. In recent months, there have been more battles of ₮1,000/₮2,000 blind levels, often at the Pot-Limit Omaha tables.

Most cash games are 6-handed here as there are no standard 9-max tables present at all, although heads-up tables do exist as well.

In terms of game types, CoinPoker is recognized for offering several somewhat notable poker variants such as No Limit Texas Hold’em, Pot Limit Omaha, and 5 Card Pot Limit Omaha.

A ₮0.05/₮0.10 Pot-Limit Omaha cash game at CoinPoker

The vast majority of cash games also charge players a small ante, which is usually equivalent to approximately 1/10th the big blind. Antes are standard in all of CoinPoker’s cash games starting at ₮0.05/₮0.10 and up. Antes are a great way of instigating action, and play at CoinPoker tends to be loose and action-packed.

CoinPoker also offers players the opportunity to straddle, or post 2x the big blind in the UTG position. Posting a straddle from UTG will allow you to act last preflop and it will make the game play twice as big. This is another way that CoinPoker promotes action and loose play.

CoinPoker Bad Beat Jackpot

CoinPoker also boasts a massive Bad Beat Jackpot for all cash game players. The jackpot is funded by 5% of the rake generated at the cash game tables, so you won’t need to pay any extra fee to participate. The good thing is that this promo is available for all cash games on the platform.

The Bad Beat Jackpot at CoinPoker is usually well over ₮100,000. The unique aspect of the BBJ at CoinPoker is that all blind levels are eligible to win, but the lower stakes can only win a much smaller percentage of the total jackpot.

The minimum requirements for the losing hand will change according to game type: No Limit Holdem requires AAAKK or better, PLO requires a straight flush or better, and 5PLO necessitates a straight flush (3-7) or better.

The BBJ percentage awarded will vary depending on the stakes and game. It is important to keep in mind that even at the highest stakes, it is only possible to receive a portion of the total Bad Beat Jackpot. The BBJ distribution that each game type and blind level is eligible for is included below:

• ₮0.02/0.05 – NLH is 2.5%, PLO is 1.25%, and 5PLO is 1%.
• ₮0.05/0.10 – NLH is 5%, PLO is 2.5%, and 5PLO is 2%.
• ₮0.10/0.25 – NLH is 12.5%, PLO is 6.25%, and 5PLO is 5%
• ₮0.25/0.50 – NLH is 25%, PLO is 12.5%, and 5PLO is 10%
• ₮0.50/1 and above – NLH is 45%, PLO is 25% and 5PLO is 20%

Once the Bad Beat Jackpot has been triggered, the jackpot will be awarded accordingly: 50% will be awarded to the loser of the hand, 20% will be awarded to the winner of the hand, 20% will be shared among all players that were dealt in at the beginning of the qualifying hand, and 10% will be utilized to reseed the Bad Beat Jackpot.

CoinPoker Tournaments

Although the majority of the action is usually concentrated at the cash game tables at CoinPoker, there is a solid array of multi-table tournament action across numerous buy-in levels. There are daily freerolls and tournaments with buy-ins as low as ₮0.10, so it is easy to get in on the tournament action.

Of course, there are also plenty of higher stakes tournaments every day with buy-ins as high as ₮100. Weekly and monthly tournaments featuring even larger buy-ins and prize pools are also offered with increasing regularity at CoinPoker.

You’ll also be able to participate in special events and tournament series’ at CoinPoker like the CoinMasters that has been underway since April 13.

Alongside its standard series offerings, CoinPoker has also emphasized running mini-tournament series’ featuring micro-stakes buy-ins to coincide with the standard tournament series’. These large field tournaments feature buy-ins as low as ₮0.50.

CoinPoker Community Contributions

All online poker sites charge some form of rake. CoinPoker refers to its rake schedule as “community contributions”. 6-handed cash games at CoinPoker currently charge a 5% community contribution.

The 5% rake at CoinPoker is capped and the cap varies according to the blinds. For example, the ₮0.05/₮0.10 blind levels feature a ₮0.75 cap and the ₮1/₮2 games feature a ₮3 cap. These figures are highly competitive and slightly lower than at most other online poker sites.

Tournaments at CoinPoker charge a flat 8% fee across the board.

CoinPoker Sportsbook

While CoinPoker’s major focus is on poker, it also supports sports betting across 100 markets like football, baseball, hockey, cricket, volleyball, handball, tennis, and basketball.

CoinPoker’s Sportsbook

Both live and in-play betting options are available. More so, you can bet on thousands of events, from major leagues to niche sports, and there are live stats to guide all your bets. As such, whether it’s a small wager or a bigger play, CoinPoker makes it possible for you to turn your insight into real-time winnings.

CoinPoker Deposits and Withdrawals

CoinPoker is fairly unique when it comes to deposits and withdrawals. All poker play here is denominated in USDT (₮), or Tether, a stablecoin pegged to approximately $1.

Despite this fact, crypto lovers can initiate deposits using cryptocurrencies like Bitcoin, Ethereum, Binance Coin, MATIC, and BUSD. Fiat options are also available, particularly in twenty five countries, including Australia, Austria, Sweden, Italy, Ireland, Spain, Switzerland, UAE, Portugal, and the United Kingdom.

And for those who prefer funding their accounts with stablecoins, CoinPoker accepts deposits in both USDT and USDC, too.

Withdrawals are processed almost instantly, and the maximum that can be withdrawn varies, depending on the currency.

CoinPoker Promotions

CoinPoker has a generous set of bonuses for both new and existing players. For new players, there is a 150% bonus of up to $2000.

In addition, you’ll be able to earn a 33% rakeback on a weekly basis, as long as you’re willing to invest a small amount into the CHP crypto token. The way that this works is that you can exchange your USDT for CHP from inside of the poker client at any time.

When you go to play at the tables, any rake that you need to pay will be converted to CHP and taken from your CHP balance as opposed to your USDT balance. You’ll actually pay the USDT rake at the table, and then the moment you leave, all of your paid rake will be tallied and the USDT will be returned to your account after taking the equivalent amount of CHP.

Every week on Monday, you’ll be able to receive a 33% rakeback as long as you were able to pay the rake using CHP. Anytime you run out of CHP, you can quickly convert more to ensure that you continue earning 33% rakeback.

One other benefit to playing here is that you can participate in the weekly cash game leaderboard that awards ₮12,000 every week to the top players on the leaderboard. A NLHE leaderboard and a PLO leaderboard are present and the ₮12,000 is split between the two leaderboards.

Players who hold CHP tokens and pay rake in CHP will earn 50% more points towards the leaderboard.

CoinPoker Summary

CoinPoker is an excellent online crypto poker site. The site has continued to garner a significant amount of steady traffic and has experienced solid growth over the past few years.

There are a number of reasons to play here including increased anonymity, crypto support, generous bonuses, and 33% ongoing rakeback. Additionally, the play tends to be somewhat soft, especially at the lower limits.

CoinPoker also boasts a “provably fair” RNG and shuffling algorithm to deliver transparent and balanced gameplay. The site also features excellent software and a solid selection of cash games and tournaments.

Therefore, those seeking to experience the authentic thrills of online poker are invited to explore the platform.

Frequently Asked Questions

Question: Can I receive rakeback at CoinPoker?

Answer: Yes, by holding a balance in CHP, CoinPoker’s proprietary coin, you’ll receive a 33% rakeback every Monday.

Question: Is CoinPoker trustworthy and safe?

Answer: It is our opinion that CoinPoker is highly professional, trustworthy, and safe. We only recommend sites that we have personally used and we have no qualms about recommending CoinPoker. Additionally, there are multiple prominent figures in the poker world that support CoinPoker like Mario Mosböck, Patrick ‘Pads’ Leonard, Carl Froch, Olivio Gontijo, and Bobby James.

Question: Can US players play at CoinPoker?

Answer: Absolutely. Players are welcome to register and play at CoinPoker from all 50 states. Because CoinPoker supports crypto that does not run Know Your Customer checks or any kind of customer ID verification, you can sign up and play from almost anywhere in the world. Despite this, we would still encourage players to research the legality of playing in your area before playing at CoinPoker.

Question: Can Australians play at CoinPoker?

Answer: Yes, players from Australia are welcome at CoinPoker and because of its support for fiat, crypto, and stablecoin deposits in the country, Australians should have no problem depositing, withdrawing, and playing safely.

Question: Can I deposit and withdraw using Bitcoin at CoinPoker?

Answer: Yes, you can utilize Bitcoin for deposits and withdrawals at CoinPoker, although you will be assessed a 3% withdrawal fee at minimum. If you want to withdraw Bitcoin from your CHP wallet, you’ll be charged a 5% withdrawal fee.

Question: How do deposit bonuses work at CoinPoker?

Answer: You can redeem a 150% bonus of up to ₮2000 whenever you make a first-time deposit to your CoinPoker account. Claiming your bonus is automatic; all you need to do is play. There is only a 2x rake requirement, so you’ll earn 50% effective rakeback through these bonuses. You’ll have 60 days to complete the bonus wagering requirements.