The post CoinPoker Announces Zero Withdrawal Fees, $500 CSOP Main Event Crypto Giveaway appeared first on Coinpedia Fintech News
A few days after launching its annual $1 million guaranteed CSOP tournament series, crypto poker site CoinPoker is making headlines again for removing all withdrawal fees on its platform.
Renowned as the largest crypto-based poker site and casino around the world, CoinPoker has been ticking all the right boxes to provide poker enthusiasts with a combination of exciting and rewarding gameplay.
CoinPoker CSOP
On April 19, CoinPoker began its annual Crypto Series of Online Poker (CSOP) Spring tournament series.
One of the biggest online poker tournament series in the bustling poker sector, CoinPoker’s annual CSOP Spring tournament has captured the imagination of both high rollers and casual gamblers who are seeking to compete for huge prize pools.
This year’s edition kicked off amid weekend high-roller cash game action between the Lithuanian-Australian poker legend Tony G and several whales. The high-stakes action which saw Tony G win over $300k pot has successfully drawn the attention of scores of poker enthusiasts across the globe to CoinPoker’s tournaments.
To celebrate this Sunday’s CSOP main event, the poker room also launched a crypto giveaway on their Twitter, allowing participants to win a $500 ticket awarding free entry to that event.
Participants were only given some simple tasks to do – follow CoinPoker on X (Twitter), retweet the post, and comment with their CoinPoker username. If they do those three things, win the $500 ticket, and then take down the CSOP main event they stand to win $40,000 (in USDT, equivalent to USD).
CoinPoker Fees Now Zero For Withdrawals
Above all, CoinPoker’s decision to embrace a zero-withdrawal fee policy while also providing a rare opportunity for poker enthusiasts to compete for $1 million crypto prizes further enhances its market appeal and credibility.
Since the beginning of the week, CoinPoker has been featured on prominent publications like Decrypt and Benzinga, becoming the most-talked about online casino right now.
CoinPoker is following in the footsteps of top crypto betting sites like Rollbit, which also has zero withdrawal fees – only blockchain network fees apply.
With the zero withdrawal policy, CHP, the native token of the poker site, could even be set to replicate the success of Rollbit’s RLB.
In the last 12 months, the RLB price has risen by over 670%, positioning it as one of the top gainers in the market.
Prior to the announcement of the zero withdrawal fee policy by CoinPoker, CHP was down by 1.85% in the last 30 days. In reaction to the news, it jumped up on the price charts by a noticeable proportion.
According to CoinmarketCap, CHP is up by 2.13% in the last 24 hours, indicating that it’s on a recovery path. This development has drawn a comparison between CHP and RLB.
CHP’s utility lies in rakeback – holders of the site’s native token earn 33% rakeback.
Analysts are optimistic that CoinPoker could even gain more ground and bite into the market share of Rollbit with its ongoing CSOP tournament series and zero withdrawal fee policy.
CoinPoker was founded in 2017 and already has a reputation for hosting some of the largest tournaments in the world, such as a $100k buy-in event in 2022.
It hosted the largest online poker pot in history – also in 2022 – and still today has some of the biggest cash game pots we’ve seen so far in 2024.
More On The CSOP
After kicking off again on April 19, 2024, CoinPoker’s flagship CSOP tournament series has gathered huge momentum, making major headlines of top publications.
While announcing its commencement on X, the CoinPoker team revealed that the event will run for ten days (April 19 – April 28), featuring 41 high-octane events with $1 million in total prizes up for grabs.
The event also included freerolls fo low stakes players alongside exciting $20 CSOP openers and $50 MonsterStack events. Game types include progressive knockout (PKO) tournaments, Pot Limit Omaha (PLO) and No Limit Hold-em (NLHE) events, “MonsterStack” events, and the $500 entry grand finale takes place on Sunday, April 28.
Apart from the $1 million in crypto prizes, an additional $10,000 prizepool has also been put in place to reward the best-ranked leaderboard players.
As such, if the goal is to win amazing crypto prizes with poker tournaments, try out CoinPoker’s CSOP event.