CoinPoker Review 2024 - Strong security, bonuses, 90% rakeback, top tournaments

CoinPoker is leading the charge in the world of crypto-powered online poker. 

Combining top-tier security with massive bonuses and cryptocurrency integration, it’s setting a new standard for online poker platforms in 2024. This isn’t just another poker site—it’s a game-changer.

CoinPoker lets you enjoy the thrill of poker with the added benefits of crypto, including fast transactions, huge 90% rakeback rewards, and exclusive access to a growing player base. From its lucrative tournaments to its player-friendly promotions, CoinPoker is built for those who want more from their poker experience.

In this article, we’ll break down everything you need to know—from the platform’s generous bonuses to its top-tier games—so you can see why CoinPoker is the ultimate choice for poker players in 2024.

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Let’s first take a quick look at the basics of CoinPoker platform:

CoinPoker brings a fresh twist to online poker by leveraging the power of crypto and blockchain. Their mission is simple: to “give the game back to the players.”

By decentralizing the platform, CoinPoker eliminates geographical restrictions, allowing players from places like America, Canada, Australia, and the EU to join the action. Many of these regions are often restricted or banned outright from online poker, but CoinPoker lets them bypass those barriers.

On top of that, CoinPoker isn’t just a poker site; it’s also home to its own cryptocurrency—CHP (CoinPoker token). If you’re into crypto, you’ve probably seen CHP on CoinMarketCap, where it currently sits with a $10 million market cap. It’s even available for trading on KuCoin. Now, you don’t need to have any CHP to start playing, but here’s a little incentive: if you do hold some, you can get 20% rakeback on your games.

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In addition to the generous CoinPoker welcome bonus, there are plenty of exciting ongoing promotions for players to enjoy. Let's start with the leaderboards—there's a lot to compete for!

One of the most talked-about promos is the Bad Beat Jackpot, which is available on every cash table.

This jackpot kicks in when a strong hand gets beaten by an even stronger one—definitely a frustrating moment, but the jackpot helps ease the blow.

To trigger it, at least three players need winning combinations from their hole cards. Plus, 2.5% of the rake from all tables goes towards this growing jackpot, so it can become pretty substantial over time.

Another exciting promotion is the weekly casino raffle, where you can snag some extra winnings. For every $1,000 you wager, you’ll earn an entry, and each week, five lucky players win $1,000 each!

New to CoinPoker? They’ve got a pretty generous deal for first-time players—a 150% deposit bonus up to $2,000.

The bonus is applied to your first deposit, and unlike many other platforms, you don’t need a promo code.

Best of all, your bonus funds are withdrawable, which isn’t something you see too often.

To activate your bonus, just make a deposit of at least $10, and you’ll automatically qualify for the 150% bonus. So, for instance, if you deposit $100, CoinPoker will add another $150 to your account.

The catch? To release the full bonus amount, you’ll need to generate 2x the bonus amount in rake. CoinPoker pays out the bonus in 10% increments, so you’ll see it hit your account gradually, making it easier to unlock as you play.

CoinPoker has a rewarding rakeback system, but there’s a key detail: to qualify, you’ll need to hold some CHP in your wallet. When you have CHP, it gets used to cover the rake, and in return, you receive a nice 33% rakeback, paid straight into your account every Monday.

For those playing with USDT, CoinPoker uses an interesting method—half of the rake gets converted into CHP, which is deducted from your balance, while the equivalent amount of USDT is refunded to you. It's a smart setup to keep everything flowing smoothly.

Here’s how the rake system works:

The rake is capped between $0.03 and $25, which is one of the lowest in the industry, keeping costs down for players.

CoinPoker offers a variety of poker formats that cater to both seasoned players and those new to the game.

Let’s break down some of the most popular formats available in the CoinPoker lobby:

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For those looking for a bit more action, 5-Card Pot Limit Omaha offers an exciting twist on regular Omaha.

In this format, players receive five hole cards, adding even more complexity and opportunities to the game.

Just like in standard Omaha, players must use exactly two of their hole cards and three community cards to create the best possible hand.

If you’re not careful, the added card can make decision-making trickier, so it's a good idea to know your strategy before diving in.

Arguably the most well-known poker format, Texas Hold’em (often just called Hold’em) is the go-to for many poker players around the world.

In this game, you’re dealt two face-down cards—known as your hole cards—and five community cards, revealed in stages.

First comes the Flop (three cards), then the Turn (one card), and finally the River(another single card).

After each stage, there’s a round of betting, and the goal is simple: to create the best hand possible using your hole cards and the community cards.

If you have the top hand (or if all your opponents fold), you take the pot. In some cases, split pots can occur if two or more players have equally strong hands.

A favorite among poker enthusiasts, Pot Limit Omaha is similar to Texas Hold’em but with a key difference—players are dealt four hole cards instead of two.

The game gets even more interesting when you realize that you must use exactly two of your hole cards and three of the community cards to form the best hand.

The extra hole cards create more potential combinations, making Omaha a game that’s rich in strategy and excitement. However, the increased complexity also makes it a bit more challenging, especially for newer players.

CoinPoker’s lobby is user-friendly, offering quick access to these various formats. Whether you’re a Texas Hold’em pro or looking to experiment with Pot Limit Omaha, the platform has options for everyone. The wide selection ensures that players can find a game format that matches their experience level and style of play.

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When we hopped on to review CoinPoker, we found over 500 players actively playing across 200+ tables, with 4 tournaments running at the time.

This is actually more than what PokerScout typically reports during CoinPoker's peak traffic hours. What’s interesting is that the number of players seemed to climb throughout the day, showing that the player base is growing and active.

While CoinPoker might not rival the massive traffic numbers of some of the bigger poker sites, it still offers a healthy and lively environment for most players.

Whether you're on the go or prefer playing from your computer, CoinPoker has you covered.

You can easily download their software, compatible with both Windows and Mac, by heading to the CoinPoker site and clicking 'Download.'

For mobile users, the CoinPoker app is available for Android and iOS, giving you the flexibility to play wherever you are.

Once you've installed the software or app and created your account, funding your CoinPoker wallet is simple.

You can deposit using Bitcoin (BTC), Ethereum (ETH), or Tether (USDT).

They’ve also recently added support for Polygon (MATIC), which means you'll enjoy nearly zero transaction fees when using the MATIC network.

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To get started with withdrawals, you'll need a crypto wallet and an account on a crypto exchange if you don’t have one already.

You’ll buy your chosen cryptocurrency on the exchange and transfer it to your personal wallet. After that, you can send the funds to your CoinPoker wallet and start playing.

For those new to crypto, services like Changelly allow you to easily convert money into crypto using your debit or credit card, without having to sign up for a crypto exchange.

Once you have your funds in your personal wallet, you're ready to deposit and play. It's important to note that CoinPoker requires withdrawals to be sent back to the same address they were deposited from, for security reasons.

CoinPoker doesn’t set any minimum deposit limits, so you’re free to fund your account with any amount.

However, the minimum withdrawal is 5 USDT. When making your first deposit, you’ll need to assign your personal crypto wallet address, which will also be used for future withdrawals.

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If you're into cryptocurrency, CoinPoker brings a lot to the table. The fast transactions, solid security, and generous bonuses are big pluses.

And let’s not forget the 90% rakeback—that’s a game-changer for a lot of players. But like any platform, it’s not perfect.

If you're after a more traditional poker site, CoinPoker’s crypto focus might not be for you. Still, if you’re curious about trying something different and love the idea of playing poker with crypto, it’s worth checking out.

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