Topic: 🚀 500xBit.com - Easily Bet On Bitcoin - 500 ❌ 250 ❌ 100 ❌ 50 ❌ Insane Leverage! - page 6. (Read 1062 times)

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.

I like your style of giving light to anyone. I'm sure people will be easily attracted by this policy. Hopefully this gambling site reaches more all parties and gamblers are comfortable in it. You have to add more games, otherwise people will get bored easily if that's all they play. This is based on our experience of gambling, every time we experience more losses we will definitely move to another room to take luck.

Email would also add another attack vector to compromise an account.

Just a thought: Lightning-Roulette allows players to deposit instantly, without creating an account. Everything is taken care of by a browser cookie, and the user gets an "ACCOUNT / NONCE" to backup.
I always dislike having to register an account through email before I can test a site. You already have the "Try for free" before signing up, so maybe that's enough.

they already addressed that part mate if you will only scroll up a little and this is what the OP say


Meaning they are going acting on this part as the Fee is ridiculously high and small time gamblers wont even afford this as deposit fund what more if they are going to withdraw?

but hope they will settle this so we can start playing .

I assume that the high fee is justified,because the website owner needs enough revenue to payoff big profits from all those huge leverage ratios.
On the other hand,having small minimum bets and a gigantic 250,500x leverage will incentivize the gamblers to bet only small amounts and wait for a big profit,by using the big leverage,which means that the deposit amounts will be low,while the withdrawals will be big.This seems like a losing business model for a crypto casino,so the high fees will have to compensate this.
I agree that the high fees will kinda stop the smaller gamblers from using the site,which is risky,because newly launched small crypto gambling websites will have to rely on small gamblers at first.
Anyway,good luck with the project,OP.

That would be great if we get to play with cheap altcoins like TRX or DOGE. Most of the sites have support for these coins and i wish 500xBit also in co-operate them in their site as soon as possible.

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.

Great man , you are up for that since this will be for long term effect and please don't look for the instant community reaction from the interacting or even from the campaigns to conduct because surely this will take time to reflect .

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Anyway I love the simplicity of your interface as i am having a Eye issue and don't wanna play in very colorful site.

Will be playing soon Guys.

Are you going to add popular alts soon, so for those who are having issues with high fees in bitcoin, they can also play, like using TRX, XRP or LTC?  But it is fine if you are still in fine tuning stage of the site. I understand that it will take time. As long as you are active in this thread, not only because you are just starting but as you establish your name in this industry.

Wow, I did not expect so many responses so quickly. Definitely a motivator. Thank you


Mobile version is on top of our list.


I don't think emails provide that much security but maybe I add it as an optional option for users. For now, I think 2FA + a strong password is very strong.


For the soft launch, we put low max bets in part to assure we could handle the bets that are being placed. Right now, it is meant to be tested by users to see if you like it or not. We also have measures in place to prevent any new positions of being made if ever the platform's bankroll is running low but for the max bets we currently have set, we don't see this being an issue. We will never increase the max bets to a number we cannot handle, especially considering how high the leverage we use are, so big whales are not a concern for now. Once, ready to attract larger bets and bigger traders, I think some bankroll proof on the site is a good idea.


The minimum bet is in fact 0.1 $ USD worth of BTC, so whatever 0.1$ USD is worth in BTC at the time you open the bet.


Only leverage trade, yes ! There is 50x, 100x, 250x & 500x leverage available. Since it is so risky and can be used like a fun game, I think it fits better in gambling

Hey LoyceV  , all 4 points noted and added to my list. Thank you very much.


Our platform is meant and made for everyone. Very soon, we will lower the BTC withdrawal fee so that anyone can put a very small amount of money and withdraw as long as it is more than 0.0001 BTC (about 5 USD at the time of writing this)


I appreciate the positive comments !

The platform uses a simple formula (which you can find on the website in the FAQ section) to calculate the liquidation price(which you can see in the "more info" section once you have a multiplier/leverage selected) This formula was designed and tested on the market to see at what price we have to liquidate prices to lose less money on liquidations as often as we gain from liquidations.

Concerning your fee question : the fee is 0.25% for the 50x, 0.5% for the 100x, 1% for the 250x and 2.5% for the 500x. The Fee applies on the nominal bet amount so that a 10$ bet at 500x (the equivalent of holding 5000$) has a 0.25$ fee (10$ * 2.5%). If you calculate the platform fee on the leveraged position, the fee on the leveraged position is 0.005%.

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.

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.

I like the site and the game mode!

Very original and I think that it's fast paced enough to attract gamblers.

I also like the animation side of things. However, I'm just wondering how are you able to control for periods of mass liquidations? Also the fees of 2.50% to the house seems a bit high - are they applied to the leveraged position or just the nominal bet amount?

You're right on all counts, I'm just giving a suggestion how certain casinos are only accessible to wealthy gamblers like you. Aren't casinos made to let anyone have fun? However, I really can't afford to gamble with big bets, well you're right I'm a small gambler. I think all this time the casino was open to anyone. Remember this is not a casino that has been established and has a good reputation as we are familiar with and can find many on this forum. So doesn't it hurt that any advice has a good impact on the survival of the casino.

I've tested the site 4 months ago, and it works very nice now (even on Tor browser). The interactive tutorial is very clear.

Things I noticed:
When signing up, I have to tick "I have read and accept the Terms of Service and Privacy Policy". When I click the words "Terms" and "Privacy", it toggles the selection instead of bringing me to the actual Terms.

It looks like the Leaderboard already violates your own Privacy Policy. You may want to add that you share usernames.

When signing up:
Now I have to guess which characters aren't allowed.

Password Recovery Words shows 6 words, after which I click "Next". I expected words 7-12, but instead went to the website. I tried again with a new account to see if I didn't overlook anything.
My suggestion: change the "Next" into "Finish".

The Deposit QR code doesn't work in Tor browser. It looks like this now:

Is it a platform for leverage trade only? Since I'm on mobile, I couldn’t have a look as you said Desktop version onlt. According to the text above, it seems like that. So, you are allowing up to 500x leverage. That's quite impressive though it's very risky. I don’t know how much max other platform allows.
If this is the only feature, I think you would better post your thread on exchange board. That would better for both party.

Minimum bet is at 1 Sat. Just checked by typing anything beyond the 8 decimals and it would auto-correct to the 8th decimal.

No sane person would start with 50K unless they're son of the oil tycoons ;p

Where is the information that the min bet is 50k satoshi? If we read the text on the image, they are even allowing users to bet $1. Even if it is true that the min bet is 50k satoshi, I would say that it will be a problem for the site. Maybe it is not a problem for you as you can afford to bet that big but it will be a big disadvantage for the site because it is not competitive to other similar sites. Just checked the site back but I cant access, it seems the site is down at the moment.

Since this one involves with Leverage and i have seen you do put up limit of 50 usd in maximum on 50x lev... Can you at least put up a signed message on your bankroll? Shows that you could pay off someone.

5 bets max limit is somewhat short but i do understand of such limitations.It would be nice if you do grant my request above.

Welcome to the forum!

As i have checked out the site then its well designed and not really that boring as a binary options kind of gambling.One thing i dont like is using up that xBit name?
I dont know if its just me but that name does really ring a bell and not really appealing.

I might try this one out later on an that rocket animation is sick..