At Phenom Poker, players can only withdraw in Tether (USDT), via Polygon. The room doesn’t charge any withdrawal fees, although your exchange may apply commissions. Money can be transferred to a personal wallet or an exchange account, with transfers taking under a minute. In this article we will elaborate on the transactions on this platform and also explain how to withdraw your winnings safely.

Phenom Poker is a blockchain-backed online poker room powered by crypto. It operates under a Curacao license. The platform has a DAO structure taht ensures full transparency and fairness in gameplay, while allowing users to vote on the platform’s direction of development

4.7
Phenom Poker, with its innovative PHNM token system, is trying to revolutionize online poker as a platform for players seeking a modern crypto poker experience. Leveraging blockchain technology, Phenom Poker offers players a unique experience with greater transparency, lower fees, and the potential for substantial rakeback rewards. Designed for both seasoned professionals and newcomers, the site brings together a wide variety of poker formats, including Texas Hold’em, Omaha, and Limit games, available across multiple devices.
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Brian Rast, a pro poker player, is one of the company's co-founders. Some of it’s weel-known ambassadors are Joseph Cheong, Chris Hunichen, Eric Baldwin, Sergio Aido, and Ben Heath.

As of early 2025, only cash games were available. MTTs, Sit & Go’s, and Chinese Poker are in development. Peak hours at night (EST) see 200 players online.

Players can personalise the layout of the table, the colour of the felt, the backgrounds, the cards, and the chips stacks

The site has gained popularity since its launch because it accepts players from all over the world, including the U.S. players. The room features a selection of less common forms of online poker, like hybrid mixes and WSOP-style mix games with 8-game, dramaha (draw + omaha), and badeucy (badugi + 2-7 lowball).

The room has its own token — Phenom Token (PHNM). It’s used to settle rakeback and reward holders (players who keep the token in their account providing liquidity). Half of the total rake generated by the players is shared through these rewards. You cannot buy or transfer PHNM, it’s a non-tradable utility token; redeemable only within Phenom Poker via the “Manage Rewards” system.

The room is browser-only and compatible with computers as well as mobiles. You can activate the four-color decks as well as customize big blind chip displays. One disadvantage is that you can’t export the hand histories — they’re only available during active sessions.

The loyalty program offers rakeback starting at 15%, but, depending on your activity, it can go up to 35%.

After logging in, you will see the Wallet tab in the top right corner. There are two deposit methods:

  • Transferring funds directly through the Polygon network – no fee, credited instantly.
  • Making a deposit with another cryptocurrency: Bitcoin, Bitcoin Cash, Ethereum, Solana, Avalanche, Litecoin, USDC, and more (18 in total). Conversion rates may affect the final amount of your deposit. Most confirmations take under 5 minutes.

How to deposit via Polygon:

  1. Go to the Wallet section in the client.
  2. Tick the box for transaction with USDT (Polygon).
  3. Copy the wallet address or scan the QR code.
  4. Send funds from your wallet or exchange account.

Exchanges like Binance and Bybit support the Polygon network if you don’t have a personal wallet. Binance, Bybit and almost every other exchange supports Polygon transactions.

USDT through Polygon is chosen by default within the deposit window

Note: Make sure to always select the right network. Transferring funds using different networks will cause loss. If in doubt, contact GipsyTeam support.

To activate the Polygon network:

  • In Trust Wallet: Click on “Tokens” then on “Add Tokens” then search Polygon.
  • In MetaMask: Click on the Ethereum icon → Choose Polygon under Additional Networks or you can also add it using search.
Adding the Polygon network in MetaMask is very simple

Step-by-step:

  1. Log in to the client.
  2. Go to Wallet.
  3. Open the Send tab.
  4. In the Withdraw to field of the form, enter your wallet address. Alternatively, if you have used the wallet address before, you can select it from the list above.
  5. Enter the amount and click Transfer Funds.

Withdrawals are only made in USDT via Polygon. If you’re sending to an exchange, make sure that the address and network settings are correct.

Choosing the correct network on Binance is straightforward

Fees are usually under $0.01. Tokens are received almost instantly. There's no limit on how much you can withdraw, but note that the minimum to withdraw may depend on your exchange’s requirements. If you're wondering how long it takes — usually under one minute.

The Phenom Token (PHNM) is used for weekly rakeback. You cannot transfer or sell this token, as it only exists within the Phenom Poker ecosystem.

How to convert PHNM to USDT:

  1. Click “Manage Rewards” in the lobby.
  2. Open the “Redeem” tab.
  3. Type in the amount and click “Redeem Now”.

The exchange rate of PHNM/USDT depends on the community’s activity over the last 30 days and is shown in the lobby.

Phenom Poker is a great fit for experienced bumhunters who run fewer tables while taking advantage of their opponents’ mistakes, and also mixed games fans. However, if you tend to prefer NLH, PLO, or MTT’s, it could make more sense for you to choose rooms with downloadable clients, multiple payment methods, and support for tracking tools.

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  • Help with deposits and cashouts
  • Access to private freerolls
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  • Access to private freerolls
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  • Help with deposits and cashouts
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  • Round-the-clock support
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  • Help with deposits and cashouts
  • Access to private freerolls
  • Round-the-clock support
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You can compare the different online poker sites based on the bonuses, rakeback, compatible software, and user reviews through the poker room review page. Our support team is always available for further assistance.

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In our other articles, you can check how to play poker and where it is best to play poker for real money. We also disclose types of poker, whether it is possible to claim a registration bonus on BetOnline in your country, and what makes CoinPoker so appealing. You’ll also find info on how to withdraw your winnings and explore secure ways to deposit and cash out your real money from Americas Cardroom safely.