CoinPoker introduces zero withdrawal fees

Previously, CoinPoker imposed nominal withdrawal fees for platform stability and security

Crypto betting app CoinPoker has made a significant announcement during its annual Crypto Series of Online Poker (CSOP) tournament. The platform has declared the removal of all cashout fees, effective immediately, except for standard network transaction fees.

This strategic move follows a trend set by competitors like Rollbit, aiming to enhance user experience and potentially attract more users to the platform.

Previously, CoinPoker imposed nominal withdrawal fees to ensure platform stability and security. However, advancements in technology now allow the platform to maintain security measures without charging withdrawal fees.

The elimination of these fees is expected to bring several advantages. Firstly, it could attract new users to CoinPoker while encouraging existing users to wager more by freeing up funds previously spent on fees.

Additionally, the move might contribute to an improved ranking for CoinPoker on SimilarWeb's list of top poker platforms, where it currently holds the 90th position globally.

CoinPoker's CSOP tournament, running from April 19 to April 28, features 41 events with a combined prize pool of $1m. Inspired by the renowned World Series of Poker (WSOP), the CSOP has become one of the largest online crypto poker tournaments globally.

Antanas Guoga, also known as Tony G, a well-known figure in the poker world, plays a significant role in CoinPoker's CSOP as its ambassador. His involvement adds credibility to both the tournament and the CoinPoker project.

CoinPoker, established in 2017, operates with its native cryptocurrency, $CHP, an ERC-20 token that offers rewards and incentives to holders. While wagers on the platform are conducted in USDT, $CHP holders receive a 33% rakeback during gameplay.

Despite $CHP experiencing a 43% decline in value over the past year, the removal of withdrawal fees could potentially contribute to its price recovery.

CoinPoker stands out with a team passionate about poker. Offering instant and secure transactions in USDT, ETH, BTC, or $CHP tokens, alongside no KYC checks, the platform prioritizes player privileges and boasts generous promotions, delivering thousands in value each week.

At the core of the CoinPoker ecosystem is $CHP, the native currency, providing exclusive benefits and supporting future community-driven developments.

As a decentralized platform, CoinPoker ensures fairness through a sophisticated random number generator. Whether on mobile or desktop, the user-friendly app facilitates quick access to a variety of poker games.

Looking for your next crypto casino? Check out Mega Dice or FortuneJack!

Written by Silvia Pavlof

Silvia has explored various forms of writing, ranging from content creation for social media to crafting movie scripts. Drawing on her experience as a journalist specializing in the gambling sector, she is currently investigating the impact of cryptocurrencies and blockchain on traditional gambling and iGaming.

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