CoinPoker is one of the leading decentralized, crypto-based online poker rooms. It offers a unique 33% rakeback system powered by its own cryptocurrency, the CHP token. While this model may seem unconventional at first, understanding how it works can help you maximize your rakeback and reduce your real cost per hand.
What Is Rake and How Is It Charged on CoinPoker?
In online poker, the rake is a small fee taken by the poker room. On CoinPoker:
- Cash game rake: 5%
- MTT rake (multi-table tournaments): 8%
- Cosmic Spin rake: 5%
All rake is charged in USDT (Tether), making it stable and predictable for crypto poker players.
When and How Is CoinPoker Rakeback Credited?
CoinPoker calculates and pays out rakeback weekly, every Monday. The standard rakeback rate is 33%, but to receive it, you must meet a key condition: you need to hold a sufficient amount of CHP tokens.
The correction mechanism that determines whether you qualify for rakeback is triggered each time you leave a poker table – not at the end of the day or week.
How Does the Correction Work?
When you exit a table, CoinPoker’s system:
- Calculates the total rake you paid during that session in USDT.
- Checks if you have enough CHP tokens on your CoinPoker account to cover 50% of the total rake.
✅ If You Have Enough CHP:
- 50% of the rake is deducted from your CHP token balance.
- The previously charged 50% in USDT is refunded to your account.
- The full 33% rakeback (based on the total rake) is credited in CHP on the following Monday.
❌ If You Don’t Have Enough CHP:
- No correction takes place.
- The entire rake remains deducted in USDT.
- You receive no rakeback for that session.
⚠️ Important: There is no partial rakeback. If you only have enough CHP to cover 30% of the session’s rake, you won’t receive any refund or rakeback.
Practical Example of CoinPoker’s Rakeback System
Let’s say you pay 60 USDT in total rake during a week across several poker sessions.
If you had enough CHP available at every table exit:
- CoinPoker refunds 30 USDT to your account,
- Deducts 30 USDT worth of CHP,
- Credits you with 20 CHP as rakeback (33% of 60 USDT) on Monday.
If your CHP balance ran out on Sunday:
- Sunday’s rake (e.g. 10 USDT) remains fully deducted in USDT.
- You won’t receive any rakeback for that session.
- You’ll still receive rakeback for previous sessions that qualified.
This system encourages players to continuously maintain sufficient CHP throughout the week for maximum crypto poker rewards.
Where to Buy and Hold CHP Tokens for Rakeback
To benefit from CoinPoker rakeback, you’ll need to hold CHP tokens directly on your CoinPoker account at the time you leave a table. There are multiple ways to acquire CHP:
- Buy directly in the CoinPoker client (easy and user-friendly).
- On decentralized exchanges (DEX), such as QuickSwap.
- On centralized crypto exchanges, such as HitBTC.
- Using MetaMask or other Ethereum-compatible wallets on the Polygon network.
Always ensure the CHP is visible in your CoinPoker wallet before ending a session.
Why Is Holding CHP Worth It?
CoinPoker’s rakeback model is transparent and consistent. By tying rakeback rewards to CHP token holdings, it incentivizes loyalty and crypto engagement. This unique system aligns poker rewards with token economics.
CHP as an Investment
In addition to its utility for rakeback, CHP may also have speculative potential. On April 7, 2020, CHP was priced at $0.0053. As of April 7, 2025, the price is around $0.0493 – a nearly 10x increase over five years.
Of course, past performance doesn’t guarantee future returns.
Risks of Using CHP for Rakeback
Unlike stablecoins, CHP is subject to market volatility. For players who don’t intend to invest, this may pose a short-term risk. If you’re only interested in earning rakeback and not speculating on token price, it’s recommended to only hold as much CHP as needed to cover 50% of your expected rake.
CoinPoker Rakeback Summary Table
| Rake currency | Deducted in USDT |
| Rake rates | 5% (Cash), 8% (MTT), 5% (Cosmic Spin) |
| Rakeback percentage | 33%, if all conditions are met |
| Correction timing | At the moment you leave the table |
| CHP requirement | Must cover 50% of the session rake |
| Correction method | 50% USDT refunded, 50% taken in CHP |
| Partial correction | ❌ Not available |
| Rakeback payout schedule | Weekly, on Mondays, in CHP |
| Where to buy CHP | CoinPoker client, DEX (QuickSwap), CEX (HitBTC), MetaMask |
Final Thoughts: Is CoinPoker Rakeback Worth It?
If you play regularly on CoinPoker, holding CHP tokens is one of the best ways to maximize your value and reduce effective rake. This system rewards loyalty and offers a crypto-native incentive for grinding. By understanding the timing and structure of rakeback, you can optimize your strategy and keep more of your winnings.
✅ Tip: Always keep track of your CHP balance and top it up before leaving a table to ensure rakeback eligibility.
Why Play on CoinPoker?
✅ Fast & secure cryptocurrency transactions, plus credit card and bank deposit options 💳🏦⚡
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🔗 Blockchain-based transparency you can trust 🧾
🙅♂️ Play without mandatory KYC verification 🕵️♂️🚫
🎁 33% rakeback + ongoing promotions for loyal players 💸🎯
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