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Topic: [poorbot.io] | Exchanger for Stake - fast, cheap, simple - page 6. (Read 1671 times)

copper member
Activity: 27
Merit: 6
Ah, I see. Is there no plan to add a verification or something similar to prevent it? I guess the user can simply never post it publicly, but it would be interesting if there was an additional check before somebody made the transaction even in private. I guess that's doable with account registration or something similar, although it would reduce the user experience. I can see people abusing this to discourage using your service, at least publicly since they'd need to do multiple transactions to convert it to the right coins if they fall to such an attack.
Hi, that would be some extra work for users, but it might be possible to add that option, along with no registration exchange. However as I explained this is a very rare case and shouldn't cause issues. Thanks for your suggestions!


I have another question apart from Stake, any plans to integrate other casinos? There are a couple of big names who have their ANN already in the forum and there are many users from the forums that are active on those platforms who use Bitcoin for gambling.
Thanks for your comments! Unfortunately I'm thinking to stick with Stake for now.


I do not know if this have been suggested by someone else  before, but what I did say is, why have the option of either to post the tip publicly when it is strongly advised against?

I mean, if the op doesn't want users to post their exchange request publicly, as it could be hijacked by some random person for whatever reason, why include that option on the exchange form?, they could have just removed it and this will make sure that every exchange request coming from the poorbot will be posted privately which no chance of anyone mistakenly, or out of curiosity, posting or making the request public.
I think this is just getting overcomplicated just because that info message was put there.
Someone who sees your tip to Poorbot can do that thing we're talking about (even though they'd gain nothing and just be a nuisance). Private tip to Poorbot completely eliminates that "issue".
The option in the form is for Poorbot's tip to you, and that is completely fine. Some people like to make it publicly shown and some not.

With Dinabot for example, you need to create an account, and then verify it's yours by tipping it a random amount. It's extra work. Poorbot requires no registration.


But I have some bad news, this is not legal because it breaks some stake rules. There is a reason why they don't have the exchange/swap feature, and that's because they need a license to operate a service like that, but since that's not their business they will not implement it.
...
I mean, i really like this service, and i think you should talk with Stake and wait for their approval before they decide to close down the operation. so, good luck with the service.

Hi, thanks for your concerns, but it doesn't break the rules. This works by tipping feature, in order for an user to have a usable balance on Stake, they must complete their KYC process anyways, and exchanges are sent back to the same user, so there's no concern about that.
Regarding the Fair Use part, I've already been in contact with relevant people from Stake and they are aware of the bot already. Of course they cannot vouch for it, or "approve" it officially, for obvious reasons. As long as the bot works as expected, they have said there should be no issues. The relevant processes has been completed on the bot account also.

hero member
Activity: 1498
Merit: 785
For now, poorbot service seems to be only targeted at Stake users, possibly because Stake has one of the most active users possibly in their millions.
Yes, stake.com has a large number of users, and I think many people have stake accounts even though they rarely play there. so their target market is loyal stake.com users.

Now, the fact that you come as a third party service provider they can close your account for breaking the Anti-Money Laundering, Coin Mixing Policy and some other rules in their TOS:

Quote
....

I mean, i really like this service, and i think you should talk with Stake and wait for their approval before they decide to close down the operation. so, good luck with the service.
Now this is a concern in the future, when some users have started to like this service because they often continue to do it, suddenly stake.com finds out about this service without permission, it could be that the casino will close its account and expand to other users, maybe? This is my own thought, but I'm sure this party has another statement.

Although I like this kind of service.
legendary
Activity: 2450
Merit: 1225
-snip-
I don't think (Stake) will approved.

Or they don't simple care about these, they will always answer you (Not recommended using these service, for safety purpose). However, these service is just based (Trust) can be running without needed approval from the casino.

But, keep in mind you should know the risk and worst scenario (getting scam, or the service is running). My advice, just exchange the lowest amount you can afford.
legendary
Activity: 2982
Merit: 2681
Top Crypto Casino
This is an awesome Bot, even it's too good to be real.

But I have some bad news, this is not legal because it breaks some stake rules. There is a reason why they don't have the exchange/swap feature, and that's because they need a license to operate a service like that, but since that's not their business they will not implement it.

Now, the fact that you come as a third party service provider they can close your account for breaking the Anti-Money Laundering, Coin Mixing Policy and some other rules in their TOS:

Quote
7. DEPOSITS

7.5 You should only deposit money into Your account for the purpose of You using such money to place bets/wager on the Website. Stake is entitled to suspend or close Your account if we reasonably believe that You are depositing funds without any intention to place sporting and/or gaming wagers. In such circumstances we may also report this activity to relevant authorities.

7.12 Funds cannot be transferred from your Stake Account to the Stake Account of another Player.

8. WITHDRAWALS

8.3 All withdrawals must be done through the same payment method chosen by you when placing a deposit, unless we decide otherwise or are unable to do so. If you deposit using a number of payment methods, we reserve the right to split your withdrawal across such payment methods and process each part through the respective payment method at our discretion and in accordance with anti-money laundering policies and regulation.

16. FAIR USE

16.1 The Website and Services may only be used for recreational purposes by placing bets and wagers on events and/or gaming products.

17.4 You are not permitted to:

c) enter, access or attempt to enter or access or otherwise bypass Stake’s security system or interfere in any way (including but not limited to, robots or similar devices) with the products or the Website or attempt to make any modifications to the software and/or any features or components thereof;

I mean, i really like this service, and i think you should talk with Stake and wait for their approval before they decide to close down the operation. so, good luck with the service.
hero member
Activity: 2520
Merit: 783
I haven't used this service before, because from what I know it's the first time I've seen this offer on a forum.

Does this mean that this is specifically for stake.com users? I very rarely play at the casino because it is often in other casinos, but if you in the future include many casinos like this then I'm sure this service will continue to be crowded with visitors even though you say only focus on stake.com.

Well if there is time to go back to playing at stake casino, then I will try this service.
For now, poorbot service seems to be only targeted at Stake users, possibly because Stake has one of the most active users possibly in their millions.

But then, just like you, I have also thought about this service extending to other online casinos as well, since we have alot of online casinos that don't bother implementing a swap or exchange service in their system aside from Bc.game which already have their own in-built swap service for their users.

So, I personally would also love to see this service extended to other casinos as well, but like we all know, the service is just starting here and with Stake, the kind of success they record or achieve while providing for Stake users might be the determinant to whether they will extent same service to other casinos in the near future.

It's undeniable that there's a lot of Stake users around the globe that's why they target them so that those people could think about that there is an exchanger exist that focusing to do business with them. For sure there's also gambler which usually play on other casino seeking some service like this and if they could just add the other popular casino or maybe make it as free to all exchanger then provably maybe they get a best result for that.

For now lets see how they can go well since if they can satisfy those people who want to test out their site then provably they can earn some good reputation from that. So they should focus to market well their site so a lot of people could able to notice the existence of this new exchanger.
legendary
Activity: 2254
Merit: 1052
Leading Crypto Sports Betting & Casino Platform
I haven't used this service before, because from what I know it's the first time I've seen this offer on a forum.

Does this mean that this is specifically for stake.com users? I very rarely play at the casino because it is often in other casinos, but if you in the future include many casinos like this then I'm sure this service will continue to be crowded with visitors even though you say only focus on stake.com.

Well if there is time to go back to playing at stake casino, then I will try this service.
For now, poorbot service seems to be only targeted at Stake users, possibly because Stake has one of the most active users possibly in their millions.

But then, just like you, I have also thought about this service extending to other online casinos as well, since we have alot of online casinos that don't bother implementing a swap or exchange service in their system aside from Bc.game which already have their own in-built swap service for their users.

So, I personally would also love to see this service extended to other casinos as well, but like we all know, the service is just starting here and with Stake, the kind of success they record or achieve while providing for Stake users might be the determinant to whether they will extent same service to other casinos in the near future.
hero member
Activity: 1498
Merit: 785
I haven't used this service before, because from what I know it's the first time I've seen this offer on a forum.

Does this mean that this is specifically for stake.com users? I very rarely play at the casino because it is often in other casinos, but if you in the future include many casinos like this then I'm sure this service will continue to be crowded with visitors even though you say only focus on stake.com.

Well if there is time to go back to playing at stake casino, then I will try this service.
legendary
Activity: 2254
Merit: 1052
Leading Crypto Sports Betting & Casino Platform
If you post your BTC tip publicly, someone could enter the site and fill out the form, "on your behalf", and exchange it to ETH instead, since there's no other (practical) way to validate whose tip it is. A possible "attacker" would gain nothing from this but just annoy people.
Ah, I see. Is there no plan to add a verification or something similar to prevent it? I guess the user can simply never post it publicly, but it would be interesting if there was an additional check before somebody made the transaction even in private. I guess that's doable with account registration or something similar, although it would reduce the user experience. I can see people abusing this to discourage using your service, at least publicly since they'd need to do multiple transactions to convert it to the right coins if they fall to such an attack.
I do not know if this have been suggested by someone else  before, but what I did say is, why have the option of either to post the tip publicly when it is strongly advised against?

I mean, if the op doesn't want users to post their exchange request publicly, as it could be hijacked by some random person for whatever reason, why include that option on the exchange form?, they could have just removed it and this will make sure that every exchange request coming from the poorbot will be posted privately which no chance of anyone mistakenly, or out of curiosity, posting or making the request public.

I may need a bit of explanation on this, if non have been given before, what are the possible benefits of posting an exchange request publicly?
full member
Activity: 2394
Merit: 198
★Bitvest.io★ Play Plinko or Invest!
A new type of service providing for stake site , and already having their advertising in this
forum? nice entrance mate you are going good with that attitude so Welcome in this great forum and
wishing you a long business with extension of having other casino offering not concentrating in
Stake.com only.
Signature campaign is now live for those who might be interested in joining. Looking for only hero or legendary members currently https://bitcointalksearch.org/topic/m.63398391
Hope that the team will consider hiring low ranking members  in the future but for now congrats
for having new management , and hope will have more in the coming days.
hero member
Activity: 2100
Merit: 771
Top Crypto Casino
Snip..

Thanks poorbot, for the explanation of how the bot fuctions. I was not sure about it in the beginning and that was the reason I asked such a naive question. I know Stake does not have a cryptocurrency swap facility and this bot will come in handy.

I have another question apart from Stake, any plans to integrate other casinos? There are a couple of big names who have their ANN already in the forum and there are many users from the forums that are active on those platforms who use Bitcoin for gambling.

I am planning to use your bot as I do have an account on Stake and occasionally use it for sports betting. I have a small balance like you mentioned on it and I might use those Satoshis for conversion to another crypto to use them on another platform that I am promoting.  
sr. member
Activity: 1596
Merit: 358
https://shuffle.com?r=nba
Your exchanger is no registration, no KYC.

I do not see your exchange at two websites.
https://kycnot.me/
https://orangefren.com/

You can pull a request to those website teams and ask them to consider listing your exchanger there. If they agree to list your exchanger, it will be a good marketing for your business.

Could I know why this thread is in Gambling, even I see connection to Stake?
Man don't be obvious that you're not reading and not understanding the OP. I think you just read the title and post a reply right away. This  isn't an exchange that what you're thinking. Bitinity already explained it so I don't have too. Now you're promoting this service in signature space I think its time to understand what service you're promoting. Just my two cents.
legendary
Activity: 2170
Merit: 1789
If you post your BTC tip publicly, someone could enter the site and fill out the form, "on your behalf", and exchange it to ETH instead, since there's no other (practical) way to validate whose tip it is. A possible "attacker" would gain nothing from this but just annoy people.
Ah, I see. Is there no plan to add a verification or something similar to prevent it? I guess the user can simply never post it publicly, but it would be interesting if there was an additional check before somebody made the transaction even in private. I guess that's doable with account registration or something similar, although it would reduce the user experience. I can see people abusing this to discourage using your service, at least publicly since they'd need to do multiple transactions to convert it to the right coins if they fall to such an attack.
legendary
Activity: 3066
Merit: 1312
I do not see your exchange at two websites.
https://kycnot.me/
https://orangefren.com/

You can pull a request to those website teams and ask them to consider listing your exchanger there. If they agree to list your exchanger, it will be a good marketing for your business.
Poorbot is not like common exchanger you can find out there in the market, it is just an exchanger that can be used in one specific casino at the moment. The main purpose is to offer exchange service for Stake players only, means that anyone without Stake account will not be able to use this exchange service. No one will create a Stake account just to use this service because once player try to use it, Stake may do something. I do not think they need to be on such list.

Could I know why this thread is in Gambling, even I see connection to Stake?
Simply because this exchange is mainly targeted to Stake players only, the same as dinabot which has their ANN thread in this gambling board. This is the right board only for their services.
hero member
Activity: 2254
Merit: 831
Your exchanger is no registration, no KYC.

I do not see your exchange at two websites.
https://kycnot.me/
https://orangefren.com/

You can pull a request to those website teams and ask them to consider listing your exchanger there. If they agree to list your exchanger, it will be a good marketing for your business.

Could I know why this thread is in Gambling, even I see connection to Stake?
sr. member
Activity: 322
Merit: 306
Forum Only For Fun
Campaign should launch within 24 hours. OP has already sent funds for the 1st week and we are good to go, just waiting for designer to reply. Hope this calms everyone down for the next few hours at least. I'll let everyone know when it's ready.

It has appeared and has been seen by 201 people with 7 participants registering. It is likely that the number of participants applying will increase in the campaign you are entrusted to manage.
The designer is good. Hopefully this campaign will live long yahoo62278.
Participants who meet the requirements to participate are those with the rank of Hero - Legendary.
Good luck to you and poorbot.io
legendary
Activity: 3584
Merit: 4420
Signature campaign is now live for those who might be interested in joining. Looking for only hero or legendary members currently https://bitcointalksearch.org/topic/m.63398391
copper member
Activity: 27
Merit: 6
Looks like I misunderstood your service. I am aware of internal exchangers which is why I will definitely be using your bot in the future thanks to the low fee advantage and because I play in Stake now and then.

Can your bot cover other sites too such as Nitrobetting, Sportsbet.io etc? An all-in-one bot like that would be spectacular.

Thanks for your interest! Unfortunately I'm currently not thinking about adding other sites :/

I dont use Stake so much these days and it would be cool to enable this for other casinos.
This tool looks useful, but what happens if bitcoin was sent to exchange when fees are high like it is now?
Are you using other third party external exchanges or something else?


Thanks for your comment, unfortunately at the moment I'm thinking about continuing with Stake only

Since you will send the bot a tip from Stake, there are no fees on that, and for actual exchange bot uses its own liquidity.
Given that it's used mostly for small amounts, handling that is not much of an issue
legendary
Activity: 2058
Merit: 1264
Logo Designer ⛨ BSFL Division1
I dont use Stake so much these days and it would be cool to enable this for other casinos.
This tool looks useful, but what happens if bitcoin was sent to exchange when fees are high like it is now?
Are you using other third party external exchanges or something else?
hero member
Activity: 3038
Merit: 969
www.Crypto.Games: Multiple coins, multiple games
It's useful for balances already in your account. On Stake, Bitcoin withdrawals have $4.11 fee at the moment (and they take way longer), while Litecoin only has $0.02.
It can also be useful when the withdraw destination does not support the currency you have. Or, when you have multiple currencies (from challenges, promotions, rakeback, rains etc.) and you want to combine them, either to play or withdraw.
For gambling part, some games have different minimum bet amounts as well. Going even further, some players believe you have "different luck" with other currencies on some games!

While $10-20 fee is relatively reasonable for a $5,000 balance, when you have smaller balances, say under $100, or need a quick transfer, using the bot can be better.
With higher amounts, using an exchange is for sure a better option.

Thanks for your interest!
Looks like I misunderstood your service. I am aware of internal exchangers which is why I will definitely be using your bot in the future thanks to the low fee advantage and because I play in Stake now and then.

Can your bot cover other sites too such as Nitrobetting, Sportsbet.io etc? An all-in-one bot like that would be spectacular.
copper member
Activity: 27
Merit: 6
I have used Dinabot a lot of times in the past. The exchange fee rate is pretty high at Dinabot (3%-5%), otherwise it was pretty good and smooth. But your one is better as you are providing the service with 0.3% exchange fee only. You are providing a 3rd party service, but this type of service doesn't work automatically without API access from the site. Have you taken the API access from Eddie? Or will your exchange service work manually?

Not from Eddie himself, but yes, of course we've arranged it and bot is using API. Otherwise it'd be pretty hard to manage Cheesy
Thanks for your comments!
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