CoinPoker<\/a> blends the thrill of poker with the innovation of cryptocurrencies, offering a modern twist to the classic game. Rooted in blockchain technology, the platform provides a decentralized and secure environment tailored for crypto and poker fans. Despite primarily focusing on poker and limited sports betting, CoinPoker has yet to establish a dominant presence in the wider global gambling market. Here’s a detailed overview of what sets CoinPoker apart and how it operates.<\/p>\nA Blockchain-Based and Cryptocurrency-Focused Experience<\/h3>\n
CoinPoker launched in 2017, initially offering poker without real-money stakes. By 2018, the platform shifted gears, introducing cryptocurrency betting to elevate the poker experience. Users earn and wager using CHP, CoinPoker’s proprietary token, while also being able to transact with widely-used cryptocurrencies such as Bitcoin and Ethereum. Built on the Ethereum blockchain, CoinPoker ensures enhanced security and uses a blockchain-based Random Number Generator (RNG) to guarantee fair game outcomes. Player anonymity is a key priority, with all identities protected during transactions.<\/p>\n
Emphasizing Transparency with Proof of Reserves<\/h3>\n
CoinPoker places a strong emphasis on transparency, adhering to the requirements of its Curaçao eGaming license. To assure users of its financial soundness, it utilizes a Proof of Reserves (PoR) system, demonstrating that all player deposits are fully backed. Player funds are segregated from corporate funds, with approximately $16 million held in deposits and a total reserve of $16.75 million—providing 105% fund coverage.<\/p>\n
Commitment to Fair Play and Responsible Gaming<\/h3>\n
To maintain fair play, CoinPoker employs blockchain-based RNG technology and implements measures to detect and prevent fraudulent behavior. The platform also offers sports betting with competitive odds and a mobile app available on Android and iOS, providing easy access on the go. Responsible gaming is a significant focus, with tools available to help users manage their play and options for self-exclusion to assist those facing gambling issues. CoinPoker has a responsible gaming officer to ensure compliance with best practices.<\/p>\n
Fast, Private Transactions with Cryptocurrency<\/h3>\n
One of CoinPoker’s standout features is its focus on privacy and speed in transactions. Players can deposit and withdraw funds through cryptocurrency wallets, offering an anonymous, streamlined experience. This emphasis on private transactions makes CoinPoker particularly attractive to users who prioritize discretion.<\/p>\n
Exciting Giveaways and High-Profile Poker Partnerships<\/h3>\n
CoinPoker engages its community with frequent giveaways and collaborations with top poker ambassadors. Notably, ambassador Bobby James recently made waves by placing fifth at the 2024 EPT Cyprus Main Event, earning $271,400. To mark the occasion, CoinPoker hosted a Sunday giveaway event, encouraging fans to connect via social channels. Fellow ambassador Patrick Leonard also had a notable showing, finishing 28th and earning $26,600. These strategic partnerships and events help to energize and grow CoinPoker’s user base.<\/p>\n