CoinPoker Casino Review

CoinPoker Bonus and Promotion Structure: A Detailed Examination

Coinpoker welcome bonus

CoinPoker extends a 150% first deposit bonus up to $2,000 to new players. This bonus is automatically activated upon depositing $10 or more. The bonus wagering requirement is 30 days. Bonus payments are released incrementally: 10% for every 2x rake paid. This translates to a 50% rakeback structure. For example, a $100 deposit yields a $150 bonus. For every $30 paid in rake, 10% of the bonus, or $15, is released. To maximize the welcome bonus, a deposit of $1,334 is required.

Monthly Sunday Specials at CoinPoker

CoinPoker’s promotional landscape includes several ongoing initiatives. The CoinPoker Monthly Rake Chase offers fixed payouts up to $5,000 with 20% rakeback. Regular promotions, such as Sunday Specials, enhance the tournament schedule. These specials feature high-roller tournaments with buy-ins of ₮1,000 and ₮5,000 and guaranteed prize pools ranging from ₮100K to ₮200K. Satellite tournaments with entries starting at ₮5 provide qualifying opportunities.

Bad Beat Jackpot

The CoinPoker casino bonus system comprises several permanent features: rakeback, rake races for all MTT (multi-table tournament) and cash game stakes, a Bad Beat Jackpot, and the aforementioned welcome bonus.

Leaderboards provide additional incentives. Three regular leaderboards exist: a ₮12,000 weekly cash games leaderboard (for NLH and PLO, with the top 50 players receiving prizes, including ₮1,000 for the winner), a ₮15,000 monthly tournament leaderboard, and a daily Spin&Go leaderboard with a ₮500 addition. A key advantage is that players earn 50% more points on all leaderboards when paying rake in CHP (CoinPoker’s native token).

Bad Beat Jackpot

The Bad Beat Jackpot shares its prize pool across all cash tables, funded by 2.5% of the total rake generated. To trigger the jackpot, players must lose with a strong hand: AAAKK (in No-Limit Hold’em), a straight flush (in Pot-Limit Omaha 4), or a straight flush to 7 (in Pot-Limit Omaha 5). The payout structure depends on the stakes.

Specific conditions apply, including the hand going to showdown, at least three players receiving cards, the jackpot applying only to the first board, and both players using their two hole cards. The payout is distributed as follows: 50% to the loser, 20% to the winner, 20% distributed among all hand participants, and 10% administration fee.

CoinPoker also offers a referral program

Referring friends through the Worldpokerdeals affiliate program allows players to earn lifetime commissions on the rake generated by their referrals. The program includes competitive lifetime commissions, detailed reports, and on-time payments to various e-wallets.

In summary, CoinPoker’s rewards program is beneficial for regular players, offering high rakeback percentages starting from a base of 33%. The Bad Beat Jackpot is the primary promotion targeted toward casual players. This system presents an opportunity for improvement and expansion in catering to a wider player base.

CoinPoker casino operates exclusively with cryptocurrencies for all financial transactions. Therefore, possessing a cryptocurrency wallet is a prerequisite for participating in games on this platform. Depositing funds involves having a balance in your preferred cryptocurrency and following the instructions provided in the cashier section. For depositing from a centralized exchange like Binance, a specific “Deposit from Exchange” option is available.

Withdrawals, however, have a key distinction. Direct withdrawals to wallets associated with centralized exchanges (such as Binance or Coinbase) are not permitted. A personal, non-custodial cryptocurrency wallet is required for withdrawals. CoinPoker casino recommends MetaMask and also supports other wallets like MEW, Trust Wallet, Ledger, SafePal, Exodus, and Enkrypt. One unique aspect is the use of CHP for rakeback, encouraging players to hold onto this token for additional benefits. However, the lack of fiat options might be a barrier for players not yet comfortable with cryptocurrencies. Coinpoker also allow reverse withdrawal. 

Here’s a breakdown of withdrawal fees for various cryptocurrencies:

Withdrawal processing times typically range from 2 to 48 hours. CoinPoker does not charge deposit fees.

The CoinPoker casino cashier system also facilitates peer-to-peer (P2P) transfers between players. It’s important to note that balances received through P2P transfers may be subject to additional checks and gameplay requirements before they can be withdrawn.

Account Verification (KYC)

A significant aspect of CoinPoker’s policy is the absence of mandatory Know Your Customer (KYC) document verification, even for withdrawals. The platform’s policy only requires phone number verification for account setup and gameplay. This approach prioritizes user privacy and streamlines the initial onboarding process.