Is Coin Poker legit?
Coin Poker is a blockchain-based online poker platform that has caught the public eye for integrating cryptocurrency into its operations. Established in 2017, it revolves around the motto that gives customers a decentralized, transparent, and fair gaming experience. However, like any other crypto and online gambling platform, the site’s legitimacy will always be questionable. For a better understanding of Coin Poker and its trustworthiness, it is necessary to focus on technological, security, legal, and reception aspects.
Blockchain Technology and Transparency
One of the primary factors that bolster the legitimacy of Coin Poker is its use of blockchain technology. Blockchain provides a decentralized ledger that records all transactions transparently. This transparency is crucial in the online gambling industry. Coin Poker went as far as making their Random Number Generator on-chain so that anyone can inspect it and be sure of its fairness. The site also uses its token called CHP, which players currently use to pay the rake and receive rake-back rewards. Thus, it can be stated that all the above features minimize the risk of fraud while providing everyone with the safest environment possible.
150% deposit match bonus – $2000!
Try it
First deposit bonus of 100% up to $600
Try it
1000€ deposit welcome bonus
Try itSecurity Measures
Security is a primary concern for any online platform, especially in the gambling industry, where financial transactions are frequent and substantial. As for anti-fraud measures, Coin Poker has made some changes and has established some specific protocols to help secure its users. Some of them are encryption technologies to protect users’ assets and information, multi-signature wallets, and security reviews to ensure there are no loopholes in the system. Moreover, the platform’s decentralized nature adds an extra layer of security. Usually, poker platforms completely manage the random number generator. In this case, all the card shuffling is done on-chain. Such decentralization lowers the chances of hacking and contributes to the fact that game outcomes cannot be manipulated by anyone.
Legal Standing and Licensing
The legal standing of Coin Poker is a complex issue due to the varying regulations surrounding online gambling and cryptocurrency across different jurisdictions. The site operates under a Curacao eGaming license, similar to other major poker platforms. However, no KYC policy puts the responsibility on players to make sure they are not playing from a jurisdiction where online poker is not allowed. In any case, be sure to read the local legal requirements before participating in online gambling.
User Experience and Community Feedback
For a relatively new poker site, Coin Poker has generally received positive feedback from its user base. People have praised fast transactions with low fees. The blockchain-based random number generator has also been one of the most applauded features. However, the most popular aspect of Coin Poker is the wide range of bonuses and promotions it offers. Talking about negative feedback, the only thing that gets mentioned is somewhat low player liquidity. As the site is gaining popularity, this segment will also get improved.
Conclusion
Coin Poker is slowly but surely establishing itself as a major player in the online poker market. It is legally licensed and provides players with a high level of security. You could make an argument that its RNG is the fairest out there as anyone, anytime, can audit it. When it comes to bonuses and promotions, there are not many online poker providers beating Coin Poker. We can only safely conclude that Coin Poker is legit, with the potential to become the biggest poker site one day.