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1. Overview

CoinPoker is a cryptocurrency-first online poker room (with additional casino/spin and crypto features) that launched around 2017-18. 
It emphasizes crypto deposits/withdrawals (USDT, BTC, ETH, and others), uses its own token “CHP”, and markets itself for global players including US-facing users. 
It offers multiple poker formats (No Limit Hold’em, Pot Limit Omaha, PLO5) plus tournaments and cash games with crypto denominated blinds.

2. Licensing & Regulation

• The site claims a licence from the Government of the Union of the Comoros (Anjouan) for its crypto poker operations.

• As with many crypto-poker sites, the regulatory oversight is lighter than fully regulated mainstream poker operators; consumer protections may be weaker.

• The decentralized RNG, blockchain transparency features (hand hashes, provably fair claims) are highlighted as trust-points.
  Takeaway: Fair game mechanics and crypto anonymity are strong appeals, but regulatory protections (e.g., payout dispute resolution) are less robust than major regulated venues.

3. Game Library & Traffic

Poker Formats

• Cash games: NLH, PLO, PLO5. Stakes range from micro (e.g., USDT $0.01/$0.02) up to high stakes.

• Tournaments: Daily/weekly MTTs, freerolls, “Cosmic Spins” style jackpot tournaments, leaderboards.

• Unique table formats: Heads-up (HU), 4-max, 7-max chairs are supported; some reviewers note fewer 9-max/full-ring options.

Traffic & Player Pool

• Reviews say there is plenty of action at micro and low stakes; medium to high stakes less guaranteed.

• Some users on Reddit note the “site works well” but traffic is lower than major fiat poker rooms.

4. Banking, Cryptocurrency Support & Rakeback

Deposits & Withdrawals

• Play currency is USDT (stablecoin) though deposits may accept BTC, ETH, BNB, etc.

• Withdrawals go to personal wallets; network fees apply; instant in many cases though larger withdrawals may face further review.

Token & Rakeback (CHP)

• CoinPoker uses its native token CHP for certain mechanics (rakeback, tournament boosts).

• Rakeback is generous in many reviews: e.g., 33% rakeback if conditions met (holding CHP, etc).

• Some complexity: to maximise benefits you must pay rake in or hold CHP; without it you might miss full rakeback.

5. Bonuses & Promotions

• Welcome Bonus: Up to 150% match on first deposit up to e.g., US$2,000 (varies by region) according to recent reviews.

• Leaderboards, Daily/Weekly races, Bad-Beat Jackpots are part of the promotion mix.

• Bonus terms: For example, bonus release in instalments, rake-generated release, time limits (~30 days) in some cases.

6. User Experience & Feedback

What Users Appreciate

• Crypto-centric model: fast deposits/withdrawals, anonymity, comfort for crypto users.

• Soft tables: Reviews mention recreational/crypto-enthusiast feel, which can mean easier games for skilled players.

• Transparency: Provably fair RNG and blockchain verification are cited in reviews.

Complaints & Risks

• Mobile app/support/variant breadth: Some reviews say mobile/table format and client still need improvement.

• Poker variant limitation: Fewer formats (e.g., no full 9-max ring in some reports) compared to large networks.

• Withdrawals: While many positive reviews, any crypto poker site carries risk of delays, wallet errors, or jurisdictional ambiguity. Always check.

• Bonus terms: Even though bonuses are strong, terms (rake requirement, time limits) may be less favourable if you’re not a regular grinder.

Example User Commentary

“Games are good, site works well … Big high stakes games pop off … but for most poker players I think it’s a good site for those that grind the micros.” 
“CoinPoker is easily the best crypto poker platform I’ve tried. Fast transactions, fair games, and no drama with withdrawals.” (Trustpilot) 

7. Strengths vs Weaknesses

8. Final Verdict & Suitability

Verdict

CoinPoker is legitimate within the crypto-poker niche: it offers serious features for players comfortable with crypto, stablecoins and willing to engage with the token mechanics (CHP, rakeback, wallets). If you play poker regularly (cash games/tournaments) and are comfortable with crypto, this can be a strong option.

Who It’s Good For

• Crypto-savvy poker players who prefer to operate in a decentralized fashion, value anonymity and fast wallet transactions.

• Players looking for softer games than highly-regulated large poker networks, particularly at micro to medium stakes.

• Those willing to engage with the CHP token/higher rakeback mechanics as part of the “game”.

Who Might Not Find It Ideal

• Players who prefer fiat deposits/withdrawals, or who require state-regulated poker jurisdictions and maximum consumer protections.

• Casual players who dislike navigating token mechanics, rakeback terms, or prefer simpler bonus systems.

• High-stakes players looking for largest field size, full variant breadth (9-max, international fields) may find fewer options.

Estimated Rating (out of 5): ~ 4.0 / 5
Good choice in category, with caveats around niche nature and crypto mechanics.

9. Tips for Use

• Ensure you understand the token (CHP) mechanics before depositing large amounts.

• Use a personal wallet for withdrawals; double-check network/coin details to avoid errors.

• Keep transaction records (wallet address, TXIDs, chat logs) for any issues.

• Start at lower stakes to test traffic, withdrawal reliability and software behaviour.

• Read current terms of the welcome bonus, rakeback, leaderboards carefully (as they change).

• If in a restricted jurisdiction, check local regulations before playing.

10. Frequently Asked Questions (FAQ)

Q: Is CoinPoker legit?
A: Yes — it appears operational, with license, blockchain transparency, and positive user reviews. That said, it is still a crypto-poker site and carries the inherent risks of that category.

Q: Can I use fiat currency?
A: Primarily crypto. Games are in USDT; deposits via other cryptocurrencies accepted. Fiat support is limited or indirect.

Q: Are withdrawals fast?
A: Many users report rapid withdrawals, but as with any crypto poker site, larger withdrawals may trigger verification or review.

Q: What’s the welcome bonus?
A: Examples: up to ~150% match first deposit up to ~$2,000 in some regions. Release by generating rake. 

Q: Does traffic exist?
A: Yes, particularly at micro/low stakes. High stakes traffic is less consistent than biggest poker networks.

Disclaimer: This review is for informational purposes only. Poker involves risk. Cryptocurrency transactions involve volatility and regulatory uncertainties. Check local laws and only wager what you can afford to lose.