{"id":1726,"date":"2024-10-04T18:50:23","date_gmt":"2024-10-04T18:50:23","guid":{"rendered":"https:\/\/pokeroff.com\/?post_type=news&p=1726"},"modified":"2024-10-04T18:50:24","modified_gmt":"2024-10-04T18:50:24","slug":"coinpoker-chp-rakeback-withdrawal-swap-guide","status":"publish","type":"news","link":"https:\/\/pokeroff.com\/en\/news\/coinpoker-chp-rakeback-withdrawal-swap-guide\/","title":{"rendered":"CoinPoker Changed The Way Rakeback Is Paid: Pokeroff Guide"},"content":{"rendered":"\n
At the beginning of October 2024, CoinPoker updated the rakeback system and terms of using CHP. In this article we provide detailed information about changes, tutorial for CHP withdrawal and its exchange for USDT, and also answers to the most frequent questions.<\/p>\n\n
CoinPoker Rakeback From October 2024<\/h2>\n\n
Weekly 33% rakeback on CoinPoker is available only for players who have not only USDT for buy-ins and rake but enough CHP to cover rake deduction as well. Rakeback is credited the following way:<\/p>\n\n
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Each player pays the rake \/ fee in USDT \u2014 these commissions are called Community Contributions in the room.<\/li>\n\n\n\n
When a player leaves the table \/ finishes the tournament, the room converts the amount of paid rake from USDT to CHP.<\/li>\n\n\n\n
Half of the converted sum is withheld in CHP by the room.<\/li>\n\n\n\n
The other half of the converted sum is then returned to the player’s account in USDT.<\/li>\n\n\n\n
On Monday, 33% rakeback in CHP is credited to the player’s account.<\/li>\n<\/ol>\n\n
If a player doesn\u2019t have CHP on their balance at the moment of payment of rake, the whole amount of rake will be withheld in USDT without rakeback.<\/p>\n\n
Polygon vs Etherum: Which Blockchain Is Better For CHP<\/h2>\n\n
While CoinPoker allows CHP transactions on Ethereum and Polygon, the room\u2019s support recommends players to use PoS for several important reasons:<\/p>\n\n
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CHP liquidity on Ethereum blockchain is much lower than on Polygon blockchain. It restricts players\u2019 limits on the volume of CHP transactions on Ethereum network.<\/li>\n\n\n\n
CHP withdrawal from CoinPoker through the Ethereum network is subject to a $5 fee while using Polygon will cost you only $1.<\/li>\n\n\n\n
Transactions through the Polygon network are cheaper than through Ethereum. According to Etherscan on October 4th, miner\u2019s fee on Polygon was between $0.00025 and $0.00051 per transaction, while on Ethereum it was between $0.29 and $0.41.<\/li>\n<\/ol>\n\n
Another important reason to choose Polygon for CHP transactions is the opportunity to swap CHP via QuickSwap for any other token and cryptocurrencies working on Polygon with a more beneficial exchange rate than via crypto wallet.<\/p>\n\n
Where To Buy CHP to Deposit on CoinPoker<\/h2>\n\n
Before depositing CHP to your CoinPoker account, you need to create a crypto wallet account first. The best choice will be the wallet that supports CHP on Polygon blockchain.<\/p>\n\n
Pokeroff recommends using Metamask since it allows customers to swap tokens in its own interface without leaving the app.<\/p>\n\n
CHP liquidity isn\u2019t very high, so the easiest and the most convenient way to deposit it on your CoinPoker account is by internal swap of USDT for CHP.<\/p>\n\n
First step is to deposit USDT on your Metamask account through Polygon or Ethereum blockchain, then deposit USDT to room and finally swap it to CHP in the \u00abBuy CHP\u00bb cashier tab. This operation is taxed with a 5% fee by the room.<\/p>\n\n<\/figure>\n\n
Note!<\/strong> Metamask doesn\u2019t work with Polygon by default. After you create an account on Metamask, you should add this network to your account. Open Metamask in your browser, click on the blockchain sign in the left upper corner and then on the \u201cAdd network\u201d button.<\/p>\n\n<\/figure>\n\n
After that Metamask redirects you to the browser page where you need to find Polygon Mainnet and click the \u201cAdd\u201d button.<\/p>\n\n<\/figure>\n\n
When you see a confirmation window, click the \u201cApprove\u201d button and then the \u201cSwitch to Polygon Mainnet\u201d button.<\/p>\n\n<\/figure>\n\n
Remember that transactions through Metamask on the Polygon network require you to have enough native token of this blockchain \u2014 POL token \u2014 to cover gas.<\/p>\n\n
How to Swap CHP to USDT on CoinPoker Wallet<\/h2>\n\n
In Autumn 2024, CoinPoker stopped offering the swap of CHP to USDT. But the opposite option is still available \u2014 players can exchange USDT to CHP with a 5% transaction fee. You can make it in your CoinPoker wallet in the \u201cBuy CHP\u201d tab.<\/p>\n\n
How to Withdraw CHP from CoinPoker and Swap CHP to USDT<\/h2>\n\n
Before you can withdraw CHP from your CoinPoker account, you need to verify your wallet in the room. It can be done by deposit, the simplest way is send USDT through Polygon or Ethereum blockchain. It doesn\u2019t matter which one because they will have the same address.<\/p>\n\n<\/figure>\n\n
You should use only a personal wallet<\/strong> for transactions with CoinPoker but avoid transactions via any exchange.<\/p>\n\n
After the first deposit your wallet becomes verified in CoinPoker. Any questions related to this matter need to be addressed to CoinPoker Support: support@coinpoker.com<\/a>.<\/p>\n\n
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