Coinpoker.com | Online Crypto Poker Room Review
Unlike poker on openbetai.io where you can play straight from your browser, coinpoker.com requires you to download their software onto your pc or have their app installed on your smartphone. It is a crypto project with it's own coin CHP and they actually have a lot of action going both on the cash games and the tournaments.
Installing the app is easy and making a deposit can be done in UDST / CHP / ETH / BTC / MATIC / BNB / BUSD with options to choose from in Ethereum / Polygon / Binance Smart Chain while not supporting deposits straight from exchanges. So for anyone that is somewhat crypto-native, it is really easy to get funds on there.
Openbetai Poker Room
The poker room itself just works excellently with plenty of action on different stakes. All tables tend to have 7 seats and all 10NLor higher tables have an Ante which makes it harder if you are a complete nit. The software itself runs smooth and is easy to run in multi-table. All the options that you expect there to be are there and the background visuals can be adjusted according to your own preference and look great.
Bonus & Rakeback
There are 3 different deposit bonuses available which all 3 can be claimed for a total up to 1100$ which represents a 50% rakeback. These are realeased in batches of 10$ each time 20$ in rake is paid each of the 3 deposit bonuses have a 60 day time window to be played free.
Competition and Opposition
On Openbetai.io which most of the time only has a couple of tables available, the opposition is very soft with a lot of limpers, rarely 3bets and often crazy gambling players who basically give their money away. On coinpoker.com which has a lot more tables, the action feels a lot sharper with rarely pots where there is no pre-game raise, often 3bets, rarely crazy players but instead many multi-table grinders which might as well be bots. This for me makes it far less appealing to play as a casual player who gets his edge from discipline and patience. So far, I also just don't feel like I'm good enough at the moment to really have an edge needed to win enough for it to be worth it.
CHP Coin
CHP from what I understand is a utility coin for the platform that runs on the Polygon Blockchain. Holding it and paying rake with it gives 33% rakeback, it gives 50% more leaderboard points and reduced the withdrawal fees. The price has performed really well as the platform has seen growth in use during the bear market. Right now it is at a Fully Diluted market cap of ~28 Million Dollars but it only really makes sense to hold it if you actually play a lot on their site. In that regard, I'm not sure if it actually should be worth 28 Million and it's not an investment for me personally.
They also have some kind of fair shuffle mechanism which I haven't fully looked into honestly. For the fun stakes I play at, I just assume everything is done in a fair way.
Conclusion
coinpoker.com has really impressed me in the first week but I probably won't keep playing as the general opposition for me is too sharp which makes me more inclined to open 1 or 2 tabkes on openbetai.io where the competition just feels way softer. For anyone who is more serious about poker however, coinpoker most likely is the better option and it's nice to see a crypto project like this that actually has some good momentum!
Crypto & Blockchain-Based Bookies and Exchanges that I'm personally using as they allow anonymous betting with no KYC or personal restrictions...
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Nice review. The fair shuffle thing is the provably-fair mechanism which I think is really the big feature on this - and other future gambling sites that we will see going forward. I've delved into it briefly and it looks clever, but I haven't gone deep enough to fully prove it works myself yet.
The CG and Tourney regulars are on the hunt for the CG weekly leaderboard prize ($10k total) and the tourney monthly leaderboard prize ($15k total). Maybe you missed that, as you didn't mention.
https://coinpoker.com/promotions/
Anyway, if you are just coming back to poker, maybe you didn't hear about exchanges-crypto accepting pokersites relation (I don't know how it is in case on other gambling sites.).
Some exchanges, for example Coinbase, ban or even totally block your account if you make deposit/withdrawal to/from crypto accepting poker rooms. I never faced with that problem (i don't use exchanges for D/W anyway), but on pokerforums, I read players' topics, comments, who were the victims of that. I just checked Coinbase, it is in their TC. That's another question how they track your transactions, find out you receive money from a poker room. So that's why some crypto accepting poker rooms already highlight that: don't use exchanges directly.
I mostly just had a basic look at coinpoker from my personal use which is casual cash games. The blocking from exchanges is the same with crypto bookies but I overlooked the idea that they warn about it for that reason.
It is well known since years, here is the first forum thread what I got in the search engine:
https://www.sportsbookreview.com/forum/sportsbooks-industry/3240629-email-coinbase-asking-if-im-using-their-services-gambling-purposes.html
Back in time, I was looking for the answer, how the hell do they know, I send or receive crypto to/from a gambling site. I still couldn't find the real answer. Except all their allowed cryptos are surveillance coins, easy to track, almost cbdcs, they just don't publish how they track it.
The freemarket recognized it 7-8 years ago, so they started to use only privacy coins, but crypto gambling sites don't like that either (strange, it would be their interest, too), don't mention exchanges.
It's really stupid anyway, as it doesn't take much to send it through another wallet, but I guess soon they will implement a way to track all transactions with record keeping tags.
Here is the last one I read in a pokerforum. The guy doesn't know what's happened, as coinbase can't speak straight-forward at all. (I don't know why. It must be some legal reason, some laws, TCs must oppose, I guess. Or they just don't want to advertise, wake up crypto people, that they already trace all your transactions.)
https://www.cardschat.com/forum/poker-deposits-withdrawals-54/coinbase-email-522367/#post-6649689