For someone a little less familiar with cryptocurrency transfers and transactions, your first CoinPoker deposit may be a little tricky. To help you out, we’ve outlined the steps you need to take to do this easily and securely.
If you want a written walkthrough, go ahead and keep reading. You can alternatively watch the following video guide, where Sarah Herring from PokerNews goes through the process of sending CHP to her own CoinPoker account.
In case you’re super new to CoinPoker, here are some other helpful guides you should read before diving into this one:
- How to get started on CoinPoker
- What CHP is and why you need it
- How to choose a CHP wallet
- How to purchase CHP tokens on KuCoin
- How to exchange ETH to CHP in CoinPoker
- Online crypto scams to avoid
Step #1: Find CHP Tokens on Your Preferred Exchange
The list of exchanges that list CHP continues to grow, and you can purchase the tokens with Ethereum (ETH) or Bitcoin (BTC) on the following platforms:
One important thing to note is that none of these exchanges allow you to purchase ETH or BTC using fiat currency, meaning that unless you already own cryptocurrency you need to acquire it elsewhere. Some options for exchanges where you can purchase cryptocurrency using a credit card are Coinbase and Kraken.
Step #2: Purchase CHP Tokens
For most sites the action is the same: search the coin listings for CHP and hit purchase. Note that you do need to buy ETH or BTC first, and once you have them they need to be transferred to your selected exchange before buying CHP.
Another option is using CoinPoker’s ETH to CHP feature instead. This in-app tool allows you transfer ETH to your CoinPoker account (from your verified wallet only) and exchanges it to CHP for you. For more details on how to use this feature click here.
If you need help getting an account at any of these exchanges, make sure you get in touch with their support teams or do a quick YouTube search for “How to purchase BTC/ETH on…”. There are plenty of resources out there thanks to a super active and growing crypto community of content creators.
Step #3: Set Up an ERC-20 Wallet (If You Haven’t Already Done So)
CHP tokens are an ERC-20 token, which means that they work with Ethereum Smart Contracts and can only be held in compatible wallets. If you’re new this may be a lot of to wrap your head around, which is why we split up all the details into two guides:
Once you go through these you will not only understand how CHP works, but you’ll be able to choose the safest and most convenient wallet for your tokens (CHP included!).
Step #4: Add CHP Tokens as a Custom Token
Altcoins and assets like CHP need to be added to your wallet before you can view them. This applies to online clients like MyEtherWallet (MEW) and hardware wallets that link to it. In order to do this you need to follow the instructions below:
Step #5: Transfer CHP from the Exchange to Your Crypto Wallet
VERY IMPORTANT: DO NOT DEPOSIT TO COINPOKER FROM AN EXCHANGE!
Never transfer CHP tokens directly from an exchange to your CoinPoker account. This is because exchanges hold the funds of all their users in a collective wallet address, and when you do this it is impossible to know who or where the deposit is coming from.
You need to transfer the tokens to your ERC-20 wallet first, which should then be confirmed on your CoinPoker account which we will get into next.
Step #6: Verify Your ERC-20 Wallet on CoinPoker
Verifying your ERC-20 wallet in CoinPoker is a crucial step you need to take before making any deposits. The verfiied wallet is where we will send your CHP when you make a withdrawal, and is where all your deposits to your account need to come from.
In order to do this, please follow the steps below:
Step #7: Transfer CHP from Your Verified Wallet to Your Account and Play!
All that’s left is completing the transfer to your CoinPoker wallet address, and depending on the speed of the Ethereum network your deposit will be credited and you can start hitting the tables!
Here’s how you do it on MyEtherWallet:
Go to the “Send Ether & Tokens” tab and access your wallet using one of the recommended methods. You can of course use the non-recommended options but note that these are less secure (here’s why).
Still Struggling? Our Support Team is Always Ready to Lend a Hand
If any of these steps are confusing, or if you experience any issues while completing your CHP deposits on CoinPoker please get in touch with our support team. You can do this on our official Telegram channel, or by sending an email with the following details to [email protected].
- Your CoinPoker username
- A brief summary of the issue you’re dealing with
- In the case of deposit or withdrawal problems, please include a link to the Etherscan transaction (NOT A SCREENSHOT)