{"id":5165,"date":"2024-05-27T13:49:22","date_gmt":"2024-05-27T13:49:22","guid":{"rendered":"https:\/\/icobench.com\/?page_id=5165"},"modified":"2024-05-27T13:49:22","modified_gmt":"2024-05-27T13:49:22","slug":"buy-coinpoker","status":"publish","type":"page","link":"https:\/\/icobench.com\/ico-drops\/buy-coinpoker\/","title":{"rendered":"How to Buy CoinPoker Token in 2024"},"content":{"rendered":"
Most traditional crypto gaming sites are not fully decentralized, even those with native tokens. CoinPoker debuted in 2017, bringing a fully decentralized online poker platform. Today, you can <\/span>buy the CoinPoker token<\/b> to qualify for extra on-site rewards and privileges.<\/span><\/p>\n CoinPoker uses USDT as the primary in-game currency, with the CoinPoker token (CHP) providing players with the chance to earn extra rewards. The CHP token was introduced to support the growth of the ecosystem and attract more players. The coin is integral to the platform’s growth. Purchasing the token is easy, as the platform has a direct \u201cBuy\u201d button.<\/span><\/p>\n You can buy the CoinPoker token on QuickSwap and store it on your decentralized crypto wallet. However, you\u2019ll need USDT to participate in the poker games and tournaments on the platform. This guide will show you how to buy this token and what CoinPoker offers as an online decentralized poker site.<\/span><\/p>\n Your money is at risk.<\/em><\/p>\n The CoinPoker token can be in your wallet in a few minutes. Here\u2019s what you must do to purchase the CHP:<\/span><\/p>\n Your money is at risk.<\/em><\/p>\n Besides QuickSwap, <\/span>CHP is available on Kucoin, AllCoin, HItBTC, ForkDelta, and YoBit<\/b>. You can buy CoinPoker tokens directly on these platforms without logging into the online poker platform.<\/span><\/p>\n Purchasing from QuickSwap on the website sends the CHP token directly to your poker account. If you use other exchanges, you will still need to deposit into your CoinPoker account before playing.<\/span><\/p>\n<\/div><\/div>\n <\/p>\n Those familiar with random number generators on traditional crypto gaming sites know we often cannot verify their genuineness. That means we must trust third-party testing and auditing platforms, like eCOGRA<\/b>, to verify the RNG\u2019s authenticity. CoinPoker takes a disruptive approach by allowing players to verify the authenticity of the poker card shuffles as they play.<\/span><\/p>\n Mega Dice is a similar gaming platform with a native currency, like CoinPoker. We covered it extensively in our Mega Dice price prediction<\/span><\/a>. However, Mega Dice does not have a decentralized nature like CoinPoker, making the latter worth considering if you are skeptical of game results.<\/span><\/p>\n CoinPoker is a blockchain-based poker platform. It hosts three poker games, as follows:<\/p>\n While the poker games are relatively few compared to other gaming platforms, CoinPoker hosts more tournaments<\/b>. Go to the tournaments section, and you\u2019ll find something worth your time any day.<\/span><\/p>\n You don\u2019t need any KYC checks to register with this poker platform. Transactions occur through USDT, BTC, ETH, or CHP. Additionally, you can play the games on the desktop platform or the mobile app<\/b>. Both offer exclusive access to the poker site\u2019s perks, from promotions to other rewards.<\/span><\/p>\n Here\u2019s how to register with CoinPoker:<\/p>\n There is no extra identity verification<\/b> after creating a new account with CoinPoker. Instead, the next step is to obtain the supported cryptocurrencies. The CHP has extra benefits for players, although it is not mandatory while playing.<\/span><\/p>\n Your money is at risk.<\/em><\/p>\n <\/p>\n This aspect is the primary reason CoinPoker differs from other online poker platforms. The site uses decentralized random number generator software that shuffles the deck based on the players\u2019 inputs<\/b>. That approach allows you and other players to verify the shuffle\u2019s fairness.<\/span><\/p>\n CoinPoker achieved this decentralization using the same cryptographic hash function as the Ethereum network (KECCAK-256)<\/a><\/b>. While it is impossible to reverse engineer, you can view information about the order of the deck to promote transparency in the poker game.<\/span><\/p>\n Players can verify how random the deck was once a hand is complete<\/b>. They can also view the undealt cards that would have been in play.<\/p>\n This approach contrasts with traditional poker rooms that are secretive with their shuffling formula. CoinPoker has produced a secure yet transparent and open system to play poker easily and assuredly. The CoinPoker token is an icing on the already working formula<\/b>.<\/p>\n Players can opt out of participating at the beginning of each hand. Once they choose to participate, the system generates a cryptographic function with a secret seed value<\/b>. This value applies to all the poker players for that hand, each player having its own.<\/span><\/p>\n CoinPoker will aggregate all the seed values to create the final value and use it as input for the random number generator<\/b>. Then, we will see the results in the final deck order.<\/span><\/p>\n This power to view undealt cards and the deck takes the poker experience to another level. That is an innovation we wouldn\u2019t mind seeing in new gaming ICOs<\/span><\/a>.<\/span><\/p>\n With over 60,000 players since debuting in 2017<\/b>, CoinPoker is shaping the poker industry. The tournaments share this decentralized card shuffling technology. Playing poker at CoinPoker is an experience that surpasses what traditional poker rooms provide.<\/p>\n CoinPoker makes joining its platform easy and seamless. <\/span>You can deposit from your crypto wallet or through an exchange<\/b>. Both ways are efficient and secure to fit different needs and preferences.<\/span><\/p>\n Processing fees will apply to your deposits but withdrawals are free<\/a><\/b>. With that in mind, here\u2019s how to deposit from your crypto wallet:<\/span><\/p>\n Depositing from an exchange is equally seamless. Follow the steps below:<\/span><\/p>\n With the payment currency<\/strong>, you can select any of the following:<\/span><\/p>\n Withdrawals from CoinPoker are simple. Select your preferred cryptocurrency, and you are good to go. The platform allows withdrawals to any private wallet address.<\/span><\/p>\n CoinPoker uses the CHP token for bets, payments, and promotions. Owning the token comes with numerous benefits. Fortunately, CHP and USDT are ERC-20 tokens<\/strong>, meaning you can use one wallet to store them.<\/p>\n This casino offers several benefits to players who own or hold CHP. As of this writing, we have identified two uses for the CHP token. However, the platform plans to expand the use cases further.<\/p>\n <\/p>\n With that in mind, CHP benefits include the following:<\/strong><\/p>\n Paying your community contributions through CHP makes you eligible for the rakeback promotion<\/strong>. This bonus offers a 20% rakeback<\/strong> that can come in handy if you have a losing run. Players who break even can become winners through this exclusive bonus.<\/p>\n This benefit can allow players with less luck to see more profits. That is because of the 20% rakeback and the low community contributions.<\/p>\n All players have two wallets on CoinPoker. One wallet shows your CHP balance, while the other shows your USDT balance.<\/p>\n The platform will take funds from your CHP balance for community contributions<\/strong>. It will only switch to your USDT balance when you have no funds in your CHP wallet. Hence, you\u2019ll become eligible for the 20% Rakeback through your CHP balance, enough for community contributions.<\/p>\n Paying community contributions from your USDT account will automatically convert to CHP if you have the latter. Then, your USDT account will revert to its original balance.<\/p>\n The 20% rakeback is calculated from all your community contributions. This approach is unlike traditional gaming platforms that pay reloads or cashback from player bets or deposits. That aside, you will receive the 20% rakeback every Monday<\/strong>.<\/p>\n You can pay conversion fees in your preferred cryptocurrency, provided CoinPoker supports it. However, using the CHP token for the conversion fees makes you eligible for a discount. That is why you should buy CoinPoker tokens<\/strong> when registering with the platform.<\/p>\n You can compare your savings when using the CHP token to other cryptocurrencies for conversion fees. Then, pick the one that offers the most savings, which will most likely be the CHP token.<\/p>\n CoinPoker started as a commission-free poker platform<\/b>. This approach allowed players to test and try crypto poker for the first time. However, it is inadequate to fund the progress and value CoinPoker intends to deliver to its community.<\/span><\/p>\n The introduction of community contributions on cash and tournament tables is to provide resources for CoinPoker\u2019s growth. All contributions are reinvested into the platform<\/strong> for more value and to build a thriving community. Even so, CoinPoker maintains low-cost entry and easy access for anyone wishing to try crypto poker.<\/span><\/p>\n Players will receive 100% of the contributions<\/b> through community-centric promotional activities, partnerships, etc. Nonetheless, the operator will spare a small part for administrative purposes and expenses.<\/span><\/p>\n Here\u2019s how the contributions apply:<\/span><\/p>\n The CoinPoker token is an excellent investment for investors who want to participate in the crypto casino. Holding CHP offers eligibility to exclusive rewards, bonuses, and discounts.<\/p>\n CoinPoker token\u2019s limited use on the gaming platform<\/strong> means that it might not be the best long-term investment for non-casino players. If you do not plan on using the casino, we recommend taking a look at the best long term cryptos<\/a> to buy in 2024.<\/p>\n <\/p>\n In the following section, we will take a look at both the pros and cons of buying CHP tokens<\/strong>. That way, you will have balanced information before investing. With that in mind, let\u2019s begin with why you should invest in CoinPoker token.<\/span><\/p>\n There are several reasons why you might want to buy CoinPoker tokens in 2024.<\/span><\/p>\n Buying CHP gives you exclusive benefits when using the CoinPoker platform for your poker games. The most significant benefit is the 20% rakeback<\/strong> that comes every Monday. This amount can change your gaming dynamics and help you break even on your deposits into the poker hands.<\/span><\/p>\n CoinPoker boasts that the rakeback bonus can help players who break even make more profits<\/b>. That is true, seeing that the rakeback depends on how much you put into the community contributions. The more money you put in, the more returns you will have every Monday.<\/span><\/p>\n Besides the 20% rakeback, owning CHP can help you save on conversion fees. <\/span>CoinPoker offers to process lower conversion fees when you pay using CHP<\/b>. This benefit will leave more crypto for you to wager on the poker games and tournaments. Hence, you will have more winning chances and potential wins.<\/span><\/p>\n CHP offers lucrative rewards to token holders which has attracted a strong community<\/strong> of supporters. Hence, they provide adequate backing through their community contributions.<\/span><\/p>\n Community backing will keep the token valuable for players<\/b>. While optional, we expect new players to adopt the token because of the benefits.<\/span><\/p>\n CoinPoker\u2019s decentralized random number generators make a huge difference to the gaming experience. You don\u2019t need to wonder if the card shuffles are rigged against you. Instead, you can<\/span> confirm the authenticity because of the RNG\u2019s hash function<\/b>.<\/span><\/p>\n A fair and transparent platform will attract players <\/b>who want fun in a non-biased game. With that influx comes demand for the CHP. The increased demand might send the prices higher, allowing you to swap some extra CHP for cash or other cryptocurrencies.<\/span><\/p>\n Blockchain technology is driving the adoption of gaming tokens. GameFi is now prominent because <\/span>players can earn cryptocurrencies by participating in play-to-earn games<\/b>. In-game assets have become tokenized, with some supporting trading on external platforms.<\/span><\/p>\nHow to Buy CoinPoker Token (Short Buying Guide)<\/h2>\n
\n
What is CoinPoker?<\/h2>\n
\n
\n
The Decentralized Card Shuffling<\/h3>\n
How to Deposit and Withdraw at CoinPoker<\/h3>\n
\n
\n
\n
The CHP Token<\/h2>\n
Rakeback Participation<\/h3>\n
Discount on Withdrawal Fees<\/h3>\n
The Community Contributions<\/h3>\n
\n
Why Invest in the CoinPoker Token?<\/h2>\n
Why You Should Invest in CoinPoker Token<\/h3>\n
Exclusive Benefits on the Platform<\/h4>\n
Community Backing<\/h4>\n
Fair and Transparent Platform<\/h4>\n
Growing Adoption of Gaming Tokens<\/h4>\n