Crypto betting app CoinPoker recently announced the removal of all withdrawal fees on its platform, now only charging blockchain network fees when users cash out their winnings. This move mirrors other online gambling sites such as Rollbit, potentially helping CoinPoker gain more market share. By offering features similar to Rollbit along with unique propositions like poker games against human opponents, CoinPoker aims to attract more users. The removal of withdrawal fees coincides with the success of gambling coins like Rollbit (RLB), which could potentially lead to gains for CoinPoker’s own CHP token.
Previously, CoinPoker applied nominal fees to withdrawals to fund the stability and security of its platform. With the ability to ensure security without charging withdrawal fees, the platform is expected to see continued growth in its user base. Currently ranked 90th globally in the poker category by SimilarWeb, CoinPoker has been steadily climbing up the rankings. The recent announcement of zero withdrawal fees is likely to further enhance the user experience, positioning CoinPoker as a strong competitor in the online poker market. The platform offers an online casino similar to its rivals like Rollbit, but its poker section stands out with games against human players.
CoinPoker recently launched the Crypto Series of Poker (CSOP) tournament, offering a guaranteed prize pool of at least $1 million. The tournament has seen notable wins by celebrity poker player Tony G, contributing to the platform’s reputation as the best place for crypto-friendly poker on the Internet. The elimination of withdrawal fees combined with the high-quality user experience provided by CoinPoker should help increase its market share and potentially boost the value of its native token, CHP. Despite a decline of 43% in the past year, CHP has shown a 5% gain in the past fortnight and remains trading at a discount. With steady expansion, it is possible that CHP will see significant gains in the future, similar to Rollbit’s RLB coin which saw a 670% increase in the past 12 months.
Investors responding to CoinPoker’s announcement of zero withdrawal fees have shown interest in the platform and its potential for growth. While crypto investments are high-risk, the elimination of withdrawal fees signals a positive development for CoinPoker and its users. As the platform continues to enhance its offerings and expand its user base, the CHP token may see increased demand and value. With strong competition in the online gambling market, CoinPoker’s unique features and commitment to providing a top-tier user experience set it apart from other platforms. As the platform gains traction and adopts new strategies to attract users, it is poised to make further advancements in the industry.
