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Topic: 🚀 500xBit.com - Easily Bet On Bitcoin - 500 ❌ 250 ❌ 100 ❌ 50 ❌ Insane Leverage! - page 5. (Read 1062 times)

copper member
Activity: 41
Merit: 21
I tested your website, may I ask why it automatically cashed out my position?



[EDIT] Here's another one:



As LoyceV said, there is an expiration time of 5 min for 500x, 10 min for 250x, 30 min for 100x and 1 hour for 50x. After that time, your position is automatically cashed out.

Great wins! Thanks you for trying us out  Grin



sr. member
Activity: 2184
Merit: 470
Telegram: @jperryC
I ask why it automatically cashed out my position?
There's a time limit (5 minutes for 500x). I guess that's to limit the cost (a 4 month bull run would be very expensive for the site if there wouldnt' be a time limit).
Nice profit percentages!

Oh that's why, thanks LoyceV! Just got lucky Grin
full member
Activity: 2408
Merit: 202
Welcome to the forum, based on the description I thought it was a trading platform but upon checking it's like a crash game but the it's the combination of the two.
which description? the title says it Clear Easily BET on Bitcoin, meaning that is statement that tells this is a gambling site though they are offering other service aside from that as trading platform.

and the good thing is there are no KYC at any point here.

 
Quote
The difference of this to the other trading/gambling game is that you can leverage your trade up to x500 which is you will rarely find on trading sites.
Yeah that is what they are imposing but of course their legitimacy is the most important thing here.

they need to prove themselves first because they are a new platform and has no reputation so far.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
I ask why it automatically cashed out my position?
There's a time limit (5 minutes for 500x). I guess that's to limit the cost (a 4 month bull run would be very expensive for the site if there wouldn't be a time limit).
Nice profit percentages!
sr. member
Activity: 2184
Merit: 470
Telegram: @jperryC
I tested your website, may I ask why it automatically cashed out my position?



[EDIT] Here's another one:


hero member
Activity: 3178
Merit: 977
www.Crypto.Games: Multiple coins, multiple games
I have some questions in regards with the withdrawal, do we need KYC to withdraw our money? and also are you going to consider adding more deposit options since the tx fee in Bitcoin is expensive and maybe other coin trading options.
Some of the earlier posts clearly answer your questions. Op mentioned that KYC isn't required in any form on this site for deposits and withdrawals except for situations when they find something shady or fishy related to the account in question.

Also, op also mentioned that BTC/USD pair is their primary focus currently and they will probably add more cryptocurrency pairs later on.
full member
Activity: 994
Merit: 105
It's been a while since I'm here in the forum, welcome by the way. I really do like new games like this! I have some questions in regards with the withdrawal, do we need KYC to withdraw our money? and also are you going to consider adding more deposit options since the tx fee in Bitcoin is expensive and maybe other coin trading options.
sr. member
Activity: 1274
Merit: 267
Welcome to the forum, based on the description I thought it was a trading platform but upon checking it's like a crash game but the it's the combination of the two. The difference of this to the other trading/gambling game is that you can leverage your trade up to x500 which is you will rarely find on trading sites.
hero member
Activity: 2926
Merit: 567


No blocked countries, everyone from all over the globe allowed.
We do not block anyone coming from a VPN or Tor unless they are DDOSing the website

Any recommendation for a promotion that would interest you?

That's good to know that every country is allowed this will help grow membership and since you asked about promotion if you have the budget why not launch a signature campaign, it will help your cause to gain more players, big and small gambling casino launched one in the past or have an existing signature campaign.
copper member
Activity: 41
Merit: 21
And what about the blocked counties?
Are you guys allowing players from all over the globe?
And there are some countries whose ISP blocks from accessing gambling sites, so they uses VPN, Is vpn allowed in the site?
And moreover glad to see the 0 withdrawal fees. It will definitely grab attention of many gamblers.
At last it would be great if you guys can launch some sort of promotions for the users of Bitcointalk.

No blocked countries, everyone from all over the globe allowed.
We do not block anyone coming from a VPN or Tor unless they are DDOSing the website

Any recommendation for a promotion that would interest you?
sr. member
Activity: 1204
Merit: 272
1xbit.com
My interest before registering is mostly the teems of service. But they seem to be too summarized and don't cover a lot of aspects which most of us would like to know.
Are there Citizens of any country that you ban from using your platform?

How about your KYC/AML policy? Should we expect to be asked to verify KYC once one tried to make a withdrawal?

Hey Bitcoin_Arena,

No KYC now or ever. You only need a username and a password to sign up and you can deposit/withdraw without restrictions right away. The little information that we do have about your trading history for example, will never be shared outside the platform with a third-party.

We will never restrict withdrawals or bets and request KYC. The only reason we can restrict withdrawals or bets for a specific user is if he has exploited/hacked the platform in some way that we can prove.

Truly anyone can use the platform if he has some Bitcoin. That is one of the edge 500xbit.com wants to maintain at all cost.

And what about the blocked counties?
Are you guys allowing players from all over the globe?
And there are some countries whose ISP blocks from accessing gambling sites, so they uses VPN, Is vpn allowed in the site?
And moreover glad to see the 0 withdrawal fees. It will definitely grab attention of many gamblers.
At last it would be great if you guys can launch some sort of promotions for the users of Bitcointalk.
hero member
Activity: 3178
Merit: 977
www.Crypto.Games: Multiple coins, multiple games
Checked the site out on my mobile and the UI is all over the place though you did mention that the mobile version is in development which needs to be taken care of asap since most gamblers stick to mobiles.

Also, I observed that your team decreased the withdrawal fees to zero which is competitive and excellent. Rollbit also provides a similar leverage game though they do charge a withdrawal fee.
copper member
Activity: 41
Merit: 21
My interest before registering is mostly the teems of service. But they seem to be too summarized and don't cover a lot of aspects which most of us would like to know.
Are there Citizens of any country that you ban from using your platform?

How about your KYC/AML policy? Should we expect to be asked to verify KYC once one tried to make a withdrawal?

Hey Bitcoin_Arena,

No KYC now or ever. You only need a username and a password to sign up and you can deposit/withdraw without restrictions right away. The little information that we do have about your trading history for example, will never be shared outside the platform with a third-party.

We will never restrict withdrawals or bets and request KYC. The only reason we can restrict withdrawals or bets for a specific user is if he has exploited/hacked the platform in some way that we can prove.

Truly anyone can use the platform if he has some Bitcoin. That is one of the edge 500xbit.com wants to maintain at all cost.
copper member
Activity: 2114
Merit: 1813
฿itcoin for all, All for ฿itcoin.
My interest before registering is mostly the teems of service. But they seem to be too summarized and don't cover a lot of aspects which most of us would like to know.
Are there Citizens of any country that you ban from using your platform?

How about your KYC/AML policy? Should we expect to be asked to verify KYC once one tried to make a withdrawal?
copper member
Activity: 41
Merit: 21
May I know what does the reference of Bitcoin price use in the game so that we can verify if the result showing on the chart is sync since the game offers only low time frame option. I hope that you can add more time frame option in the with custom multiplier in your future updates. I'm addicted right now on Pancakeswap prediction game which same like this but the multiplier depends the on the bet of each side of player so this game more cool than it since you are giving players the freedom to earn more. Keep it up!
They use the average bitcoin price from Coinbase and Binance. You can see this information in their FAQ. I haven't checked the price in Coinbase but I observed it on Binance and noticed that their displayed price always remains $15-$20 higher than Binance price chart. This is like a trading game. Based on the leverage, a bet will stay active for 5 minutes to 1 hour. But you can cash out your bet before the expiration time. BTW, I'm glad to see that they won't charge any fee for the withdrawals.

Hey Beparanf, as Mahdirakib has mentionned, the price you see on 500xbit.com is calculated using an average of the latest price we get from Coinbase and the latest price we get from Binance.

Coinbase's bitcoin price is in general set a little higher than Binance which is why you might see 500xbit.com bitcoin price a "$15-$20 higher than Binance price chart"

Welcome to the forum,

To start with, I like how they have security, the fact of placing the words or phrase to save the ceunta seems excellent to me, also the fact of requiring 2FA, I also did some tests and verified that according to the pools of insanity, The 500xBit.com platform does comply and does not manipulate the market movements in its favor, which speaks highly of the honesty of the site, and this is something that is far from scams. It would be excellent if you considered that they could take other options of alts, at least the most fashionable ones, DOT, UNI, BNB, ADA.


For now, we will be sticking with BTC and focusing on making it mobile friendly. Once the website's structure is finalized with BTC/USD, we plan on adding other cryptos.

 Cool

legendary
Activity: 1946
Merit: 1026
In Search of Incredible
May I know what does the reference of Bitcoin price use in the game so that we can verify if the result showing on the chart is sync since the game offers only low time frame option. I hope that you can add more time frame option in the with custom multiplier in your future updates. I'm addicted right now on Pancakeswap prediction game which same like this but the multiplier depends the on the bet of each side of player so this game more cool than it since you are giving players the freedom to earn more. Keep it up!
They use the average bitcoin price from Coinbase and Binance. You can see this information in their FAQ. I haven't checked the price in Coinbase but I observed it on Binance and noticed that their displayed price always remains $15-$20 higher than Binance price chart. This is like a trading game. Based on the leverage, a bet will stay active for 5 minutes to 1 hour. But you can cash out your bet before the expiration time. BTW, I'm glad to see that they won't charge any fee for the withdrawals.
legendary
Activity: 2548
Merit: 1873
Leading Crypto Sports Betting & Casino Platform
Welcome to the forum,

To start with, I like how they have security, the fact of placing the words or phrase to save the ceunta seems excellent to me, also the fact of requiring 2FA, I also did some tests and verified that according to the pools of insanity, The 500xBit.com platform does comply and does not manipulate the market movements in its favor, which speaks highly of the honesty of the site, and this is something that is far from scams. It would be excellent if you considered that they could take other options of alts, at least the most fashionable ones, DOT, UNI, BNB, ADA.
hero member
Activity: 2856
Merit: 783
Burpaaa
What a nice binary option game. This is what I'm looking for long time ago instead of a crash game which you rely on the client seed for the validation of result. May I know what does the reference of Bitcoin price use in the game so that we can verify if the result showing on the chart is sync since the game offers only low time frame option. I hope that you can add more time frame option in the with custom multiplier in your future updates. I'm addicted right now on Pancakeswap prediction game which same like this but the multiplier depends the on the bet of each side of player so this game more cool than it since you are giving players the freedom to earn more. Keep it up!


PS: Accept more coin deposit option please
copper member
Activity: 41
Merit: 21
Welcome to bitcointalk. I did a quick visit and check your website, it looks simple but attractive. Frankly, I'm not a fan of this type of game so I wont talk too much about the game. I will comment about your withdrawal fee, based on FAQ you charges 50k satoshi. Dont you think it is too much? You should consider to reduce it, you need to be competitive in all aspect including about withdrawal fee.

The best thing which I noticed about this site is that you can test the site with demo account (without creating account), tutorial walks you through every step for placing the bet. Its nice and easy way to get familiar with the site.
But the fee is ridiculously high i.e. around 240 USD or 0.005 BTC. With this high fee you find big gamblers only but there are rear chances of getting business from small gamblers.

I believe you have a typo error here, 0.0005BTC or about 22USD as we speak, not 0.005BTC.
But even then, 50k sats is very high. Actually, one of the highest that I've seen in casinos here.
Anyway, the OP said that they will rectify this fee to accommodate other players.
The good thing here is that they are open to changes and listen to what the community is suggesting.
Also, other alts would be good addition if players are avoiding these high withdrawal fee in BTC.


500xbit.com now lowered the withdrawal fee to 0 with a minimum btc amount to withdraw of 0.0001 to incite people to try it out without heavy costs.

 Cool
hero member
Activity: 3038
Merit: 634
Yes, it goes as it is.

You're right that those factors are going to make you reputable. If you mostly interact with your customers and solve their issues if there is as fast as you can, then that gives the customers confidence that this platform is very quick in response which is what makes a customer stay on a platform.

Wish you the best with your continuous development.

What am I thinking here is that if there will be a player who wins big, does the site has the bankroll to pay? Just wondering if they have good amount of funds. But anyway, right now, no one is complaining yet as they are still new to this industry. If they can keep up with the interests of players, they can find their own niche in this crypto gambling industry.
Only them can answer that and based from what they've answered to your question. I think they've answered well and they have a plan from the low max bets that anyone can do, they have a limitation for one can make as they soft launch.

And they have a plan when their site gains traction in the long term. I guess that every casino has this plan and start and they're preparing themselves to go for a better milestone while increasing the budget for potential huge wins as they increase the max wager/bets.
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