CoinPoker, an online poker site, has released a proof of reserves report showing that user deposits are covered 1:1 in cold wallets visible on the blockchain. In addition, there are additional reserves in hot wallets to process instant withdrawals. Former Austrian footballer and poker professional Mario Mosböck has partnered with the site as a new official ambassador, alongside British pro Patrick Leonard. Their mission is to guide the new leadership group to build the world’s best online poker site.
Founded in 2017, CoinPoker is a relatively new crypto poker room and casino, but it has gained recognition among the top online poker sites. Unlike traditional internet poker sites that use fiat currency, CoinPoker allows players to bet with Tether (USDT) and utilizes the blockchain to demonstrate the safety and segregation of user funds. With past scandals in the industry, CoinPoker stands out by accepting various cryptocurrencies on their platform for all actions at the poker table, including USDT, Bitcoin, Ethereum, Solana, Polygon, Binance Coin, or their own native token CHP.
Mario Mosböck, with a notable presence in live and online poker, has joined CoinPoker as an official ambassador. He has significant tournament earnings and a strong reputation in high-stakes cash games. Patrick Leonard, another ambassador, is a well-known poker player with accomplishments on both live and online circuits. His aim at CoinPoker is to help create a safe and top-notch online poker room. Leonard also works as a poker coach, helping players improve their skills and achieve success in major events.
CoinPoker’s proof of reserves report highlights their commitment to customer security. The report displays that they hold sufficient funds to cover all user assets, with additional reserves in place. The company’s financial integrity is demonstrated through Proof of Reserves, reassuring players of the safety and security of their deposits. This transparency ensures that users can trust CoinPoker with their funds, as the company maintains strict regulatory standards to safeguard customer assets.
The PoR report reveals that CoinPoker holds approximately $16 million in customer deposits, with total assets in reserve amounting to just under $16.75 million, covering 105% of deposits. The funds are held in cold storage for security purposes, with additional funds in hot wallets for instant withdrawals. Players can deposit and withdraw funds within minutes using a MetaMask wallet or a crypto exchange account, whether they are playing poker or casino games on the platform. CoinPoker’s commitment to transparency is further demonstrated through their exclusive promotion for players to gain free entry into a $40k GTD Sunday Special tournament.
Licensed in Curaçao, CoinPoker offers a range of poker games and formats for players to enjoy. New players can benefit from a 150% up to 2000 USDT matching bonus on their first deposit, and holders of the site’s native cryptocurrency CHP can earn 33% rakeback on their play. The platform is available for free download on Windows and Android devices, providing players with a secure and transparent environment to engage in online poker. With a focus on customer security and integrity, CoinPoker aims to provide a top-tier online poker experience for players worldwide.
