After releasing Ethereum withdrawals last month we are excited to announce that you can now cash out your CoinPoker funds in Bitcoin alongside CHP and Ethereum!
After today’s update, players who have completed a first deposit using CHP or ETH will be able to find a BTC option under the “Withdrawals” tab. Withdrawing is as simple as entering the BTC address you want to receive your funds on, the amount of CHP to covert, and hitting send.
But before diving in, there are a few important things to take note of before cashing out in Bitcoin.
1. BTC Withdrawal Limits on CoinPoker
The minimum amount of BTC you can withdraw is set to 1,000 CHP. BTC withdrawals also come with a daily cap of 500,000 CHP. Transactions that exceed the limit will have to be completed manually, which may take up to 72h not including the blockchain processing time.
CHP to BTC conversions also
2. New BTC Address Formats Not Supported
When entering your BTC address, whether personal or from your preferred exchange, you will need to do it in the old format starting with “1”. New BTC address formats are not supported, and you will be prompted to enter the correct format when trying to withdraw.
3. Withdrawing in BTC Takes Longer
While offering Bitcoin withdrawals gives players more freedom in terms of how they want to cash out, it also comes with the lengthiest payout time. Payment processing on the Ethereum network is much quicker, so if you’re looking for
Feel free to share your thoughts, questions, or feedback in the comments below. For assistance with withdrawals of any kind, you can get in touch with our support team on Telegram, or sent an email to [email protected]
Ready to play poker with your Bitcoins?