Topic: BitBet.pro - Advanced P2P cryptocurrency price movement betting platform | Bonus (Read 912 times)

I saw the date of wagering contest and it was so long approximately 3 months again to go on september and i think that's not really good because people usually more like for weekly contest or daily contest and if supose can could you willing to considering decrease deadline date

Seems like this game is becoming more popular. I have been seeing lots of people that are creating this game online, and I have seen like up to four in this forum… Just like the one I saw last, the name is Betinance and their data is from Binance. And here is another one, seems like I would try out this game. There is no difference between this and binary trading, cause what you’re doing here is the same as price predictions, you predict and you win money from those that lose. But how do you guys plan to cope if there are not much people that are making use of the site yet?

Thanks, I now understand how the withdrawal fee is being calculated - I suppose, in this manner it is also non-biased.
As for the betting minimum I suppose it makes sense to start with a sum for testing and the fact this is subject to change is great.

The response to the users here are great and we hope that they will be doing that all throughout their journey here in crypto.
I noticed that their twitter follower at the moment is only 1, was hoping more than that.
Maybe, it's time to do marketing campaign for their site. Will help in getting more players on their platform.
And if they will continue listening to the suggestions of the community, and act on it, their platform will flourish for sure.

Hello,

the withdrawal fee is dynamic and calculated based on mempool congestion of the BTC network once every day (withdrawing through the Lightning Network has no fee at all) and is the same for every amount.
We currently provide a signup bonus for a limited amount of time (satoshis for free), but since you are betting P2P and not against the house we currently do not provide a faucet. Maybe this will change in the future and we will add a faucet (Using the service fee).
We currently have the 50 sat minimum bet because we are still testing our infrastructure and do not want people to spam bets - which will also change very soon as we are finishing up checks and our engine is capable of processing about 10.000 bets a second.

Hi, how is the withdrawal fee calculated? I understand that the service fee is 2% on the winnings, but how is the withdrawal fee calculated? Is it based on a specific the amount you take out? Also, do you think that the minimum bet amount of 50 Satoshi and no faucet may be limiting the number of people you get on your platform?

It is written that this is a betting platform. do you actually have a binary option?

Development update:

We added public access to the platform's API now! You are now able to create bots and fully automate the betting process.
Check out the API Documentation here: https://bitbet.pro/apiDocumentation

Common thing for a company that should really be done because if they do just neglect on what the communities suggestions and reactions then it would just easily die,compared for those companies that do listen out and made such changes according to demands will most likely survive into these market with having lots of competitors.

I am not gonna lie these guys knows how to run a company, they improve every single day, they are replying with magnificent answers, they are trying to add new features that are asked for and not delivered in many other places, they are literally on top of things every single time.

There are bad places that you ask something and they do not deliver, then there are good places that you ask for something and they talk about it and if there is enough interest they do it which makes them good, then there are great places like this which you ask for something and they return with an already established great roadmap showing how they have been already working on it. If you guys keep going with this and add more things to wager on I am sure you guys will become bigger than many other betting places.

Yes we will introduce that pretty soon.

If that could be managed then this would be a new place for people to come and enjoy themselves and not even that but the traffic you'll get will be huge. I just hope  you can achieve this 

Yes absolutely! As soon as our user base grows and we get enough withdrawals per day we will introduce batching of withdrawals which will completely put withdrawal fees to 0. Stay tuned for that.

Good to hear some improvement since the day one you introduced in this forum site.


Thats a great suggestion everyone love a low minimum withdrawal fee because and instant withdrawal. I know you can do it for the benefits of your site.

Thanks for all the instant replies. I was just wondering, is there perhaps a way the withdrawal fee can be reduced or removed completely? As many people will find this frustrating and if you could get around this, you would surely be a new favourite among us.

There is no fee on Lightning Network withdrawals. Unfortunately there is still an on-chain fee which the user has to pay. We try to keep the fee as low as possible using average fee/byte calculations based on mempool congestion.

I think you can use their LN option for withdrawal so you will incur very small fee upon withdrawal. This is one advantage of having lightning network within the system, a user has the option to use that service to save satoshis.

Basing on their FAQ.

@OP, a little charge up for withdrawals?

2% Deduction is good but you shouldnt imply more fees when making withdrawals.

You mention a small fee is taken as part of the service, is this a set percentage or is it a percentage that depends on the earnings?

We are currently holding a wagering contest!

Check out the infos at https://bitbet.pro/contest.

I don't see anything wrong with the UI and you don't judge other players mindset by attractive UI or not although I do not agree that it's not attractive.
Am very much impressed already with the site hope I would not have a reason to regret it

You need to login to see certain features. The Bitcoin chart though should be there even if not logged in.

This is really nice, the site looked simple. But why are some. Features there not showing up, are they disabled or what? Just like the bitcoin price chart from Binance that is not showing? This game is an interesting game to play, but the truth is that it is not easy to play, trust me, it is not. It sounds like it is easy but bitcoin and altcoins prices are difficult to predict, so you're still going to find it difficult.

We'll, it's all just for having fun. If not, I wouldn't be trying it. It's almost the same. Thing like trading, you will have to do analysis to know where the price is heading to or you can go ahead and play blindly.

We are pretty happy with the current coins on the platform.
We might add new ones in the future.

We will get an explanation video for the platform done soon.

I noticed you saying earlier you would supporting more coins in the future. So the addition of more coins would have you separate yourself apart from the other sites which offer this type of betting on the price movements of the cryptocurrency markets. Such as altcoins like litecoin which have had some major price action in the past couple of days reaching its all time high.

Just like betinance right? They are also offering this kind of game. Predicting of the price movement and have some rewards. This is reall good if you are offering different kinds of coins and not just bitcoin.
It can be more attractable if you are going to explain in a good way how to play your game on the website.
There is the potential in this gambling website, it just needs some improvements.

Yes exactly, you get 1% of the winnings of your referrals.

Oh so it's referral winnings? It doesn't matter what he was betting? If someone bets 1000 satoshis but wins 20000 your referral cut would be calculated from the 20000? If so that sounds reallllyyy good and profitable.

The game itself is really simple, let me explain it to you:

There are different markets, for example BTC:USD_1M, BTC:USD_5M etc. BTC:USD_1M means Bitcoin Price in US Dollar for a time period of 1M -> 1 minute per round.
When a new round starts for a market, it takes the price and sets it as the starting price. You can enter bets for a market for half of its period meaning you have 30 seconds to bet for a 1 minute market, 2:30 minutes for a 5 minute market and so on.
When the round expires the platform takes the current price and sets it as the ending price.
So lets say the BTC:USD_1M market started with a price of $8000 and ended with a price of $7950; That means all SHORT positions for this market won, because the price went down (Short bets are if you think the price goes down, Long if you think it goes up).

Profits are calculated simple, I'll give you another example:
Lets say the BTC:USD_1M market starts with a price of $8000 and has a total volume of 10000 satoshi for its current round, consisting of 5000 satoshi in long positions and 5000 satoshi in short positions.
Your bet was 500 satoshi on short. The market ends with $7950. Hooray, your short positions wins!
Now to the profit calculation; All short bets were 5000, including your 500, making your bet 10% of all short bets. Since short won, you will get 10% of all long positions.
Making you get a gross profit of 500 satoshi. Afterall its a PVP game, so profits are variable to the opposite positions bets.
You can get an estimated profit calculation in realtime when you enter your bet amount in the "Open a new position" box on the platform, making it easy to choose the bet amount.

I hope that explains it, if you have more questions dont hesitate to ask!

I just checked on this site but yet do not understand how this is work, I mean this is exactly betting price whether will it go lower or higher from the current after some period of time. But what does it mean long and short and how does it actually benefits us as players? Because what you will not double your money per winning here. And there is PvP based games? How is this really actually work?

For the people who are industrious to invite people they will earn some referral earnings good for them that you up refferal earnings.

I suggest add more coins because mostly we are want to use different kinds of altcoins. I visited to your site and I see the it is good platform but it same to others so if you can have time to imprpve just do ot to become more attractive.

Good news everyone: We increased the referral percentage from 25% to 50% (100%)! Now you earn 1% of your referrals winnings.

Example:

Referral wins 100000 satoshi;
BitBet takes a 1000 satoshi service fee and you get 1000 as your referral cut!

Start earning passive income now!

I don't think that it would be a good idea small market cap coin could be easily manipulated by groups ,
So if there would be a gambler that would form a group then they could easily win in those bets .
I think those decent large volume coins are already good for this kind of betting because it would be hard to manipulate the price.

But I like this project, the idea is certainly not unique, but done very worthily

Am not actually impressed with the platform or the idea and I would not be surprised if many are also not impressed as well. This is a weird form of betting and the chances of winning is also weird but I could be wrong or also misinterpreting the whole thing.
I would keep a close eye on the project hopefully I would see the idea more clearly sooner or later

No, we only support coins with actual liquidity (real) on our platform.

Another betting platform... I just hope it lasts without an issue, there a lot more platforms in these times right now, I wish you luck on being competetive even though you already know what's up on their services. Will try to visit your platform later on and have a good look on each of what I can do to it.

Thanks for your kind words!

The interface of the site is simple but acceptable,The team's idea of ​​providing a betting service is fantastic,I think the site's opportunity to get popular is extensive if the team is able to add a property freerolls.

Yes i have seen it already and 2% is really low fee which is really an advantage yet i commonly see 4-5% deductions mostly.A very competitive one.

They do have that bonus.



This is also the thing i do like which having a LN integration and only a few site/service/gambling sites that do really have this option.

Is a good way to start bet i think. In future if more users will use join your site can be a added a first deposit bonus or this bonus is ussually given only on betting /casino sites?

Market data is directly taken from Binance in realtime, there is no way we could manipulate it. Check it out yourself.
Profits depend on people betting either long or short. You are not betting against the house, it's a P2P betting site where you play players vs player.

The site user interface is easy and simple. The guessing game is like binary options, put and call. Currently, short position profit is 750 Satoshi per 1000 satoshi bet and long position reward is around 600. How can you convince me the market price is not manipulated in the site?

Yes it is indeed very simple site design but I don't find it very attractive or very lively so that leaves me not to register in your site and I hope you'll get enough people to play in your site but for now, it's not the right site for me to play. When accessing to the site it did redirect you to FAQ which is good in my opinion but the website's design is not for me.

We just added new markets for Monero:USD and Dash:USD!

We decided to use the simple yet effective exchange based theme as we are not a traditional casino.
Our design gives users a better experience betting on price movements.

Your site is so simple. A lot of comments here are saying that. You should make an innovative way to attract your users even I. Gambling site also needs a colorful ambiance so that we feel that we are just in casino. But don't worry, it is just our opinion. If you want to promote your site, you must also made an advertisement or bounty here.

We love the Lightning Network! This is exactly why we integrated it. We want to be the first P2P betting solution supporting it. Using the LN to deposit/withdraw makes it simple to just to a quick betting session without high fees.


You can check the fee schedule in the FAQ. Currently we take a flat 2% fee only on winnings. This is the lowest on the market currently.

One thing that I like with this betting site is the choice of using LN for deposit or withdrawal.



With this feature, small time players can bet on your website without having issues of spending a lot of their satoshis just for fees.
This is actually one of your edge from other p2p betting platforms.
And the signup bonus of 250sat will let you have the betting experience already.
So good luck with this journey in crypto! Hope to see more improvements on your site soon.

I dont see any reason for its graphics not to be attractable.I do much prefer on having that simple UI over to those fancy and other stuffs.
Why would seek out betting against the house?yet you have been given on having a bet against other player which i do see its much better.
@OP how much fee you do take on each winning bet?

To be honest I think it is already good because the platform just wants to be simple yet entertaining so the graphics that they already had is fine for their platform.
And I don't see anything good from betting against the house, I kean how would that work?
If they implement something like that and the gamblers win then they might get a problem on paying out .

If you win you get a nice notification. But yes we might do that.

If there is no counterbet (short -> long/long -> short) then the bet amount will simply go back to the users without a fee.
Thanks for your kind words!

nice i just claim the signup bonus and i play there but unfortunately i lost. can you make/move my bets history from the profile section?
i think it will be more convenient if the history is shown below "Your Open Position" so we can know after our bet wins/loses

The concept is unique and much attractive for users who keep them active into trading and not into casinos or other forms of sports betting. They'll predict better than what we do, and I have a very simple doubt. If both the players have made a wrong prediction what will happen to the bet amount. Will it be divided between the gamblers taking the fee or will it goes to the Bitbet wallet.

No, a fee is only deducted if you win.
There is a signup bonus to get your started.

are there any fees if i put a bet but there are no players bet against me?
and i think you should add a faucet for new user to try your website first

Well first time i have checked it did not entertained me enough to stay so much and even make a registration.
Altough it is my own opinion, i think the site provides a great gambling way for some users who love to bet against specific crypto currencies which i believe it will make your site worth using for.

As stated some posts above, we will add more markets (up to 30D) when our userbase grows. Adding more markets now is not really smart since there is only a small portion of players betting. Stay tuned

YES! This is great, I have been looking for something like this for some time now, Freebitco.in started offering bets on price predictions but they were only a few, you should add more time frames too, 1H, 4H and 1D like the charts usually have, I haven't tried it yet but I will register immediately and post my thoughts here.

We will add even more coins to the platform once our userbase grows. Stay tuned for that!

So if I am not mistaken this is another platform that you would bet if the price would go up ro down right?
I like the idea and it is not just Bitcoin that is being used in this platform there are also other so I really like it.
And thanks for the bonus .

Oh!I already see it,i didnt notice it earlier and im currently making some long-short bets as of this moment.Good luck to this site and you should put up some
budget on marketing side to have more exposure.

You can see the price source on either the chart or the price box on the dashboard.
Thanks for your kind words

Seems like a nice and clean platform, I have one question about what exchange you pick the price from, will that exchange name be called before the bet start or will the exchange be picked when the bet ends?

There is not one correct price of bitcoin, each exchange has its own price, depending on the trade there.

The used price source can be viewed on the platforms dashboard. We currently use data from Binance and Kraken.

In my own thoughts it's unrealistic to predict the price movement of a coin to the very figure and prediction of if the coin would go up or decline would be more like it or a price prediction range. The concept is interesting and would be so much fun

it looks a lot like trading with binary options, but i like the site i will follow the latest news on twitter...

You should publish also on this thread if you are really aiming for maximum exposure of your site yet this would be a good site for those who do seek on those type of betting that do involves predicting prices or simply as trading.Just one more thing,i would like to ask on what exchange on where the prices integrated?

We are already working on a light theme for the platform. Just follow us on twitter, we will publish any news there!

This is some sort of margin trade/binary options and i do really like the dark theme designed of the site.It would be good if you do make some options on having light mode because some users doesnt prefer on the current UX.I might consider on trying up this site later on.

I like the concept and it is the first time I came thru a betting site about crypto price. This will be interesting, I know that there ars still a lot to improve in regards to the site, if you will steadily improve it there's a chance you can have more users in your site. You should also include adding more promotions for your site. Good luck on your project.

The site is simple with lesser animation compared to usual sites that we see but it's user-friendly and easy to use.
It's nice to read a thread containing important information about the site so we will be able to understand your vision and how your team works. I'm sure that Bitbet.pro is a potential site.

Thanks for your kind words! We try to be as transparent as possible.


We will add more markets as soon as our userbase increases. Thanks for you kind words


You can only play against other players.
Don't worry we are improving our UI constantly.

The idea is good but the interface of the site is too much simple. It should be a little bit more attractive and graphical. Also let me know if we can bet with other players only or we can bet with house too ?

I really like this, it's a great skill game, It's like trading but better, if you get enough users to 'play' the game this could be huge. The good thing about this instead of trading is that you don't have to wait for your position to fill, stop losses or anything like that, you simply bet on long and wait. I would add more time frames, though.

i just visit the website but for me the UI still not attractive to make players play in your website

Very simple and clean design,which is good.
I like the fact that you are transparent about the way profits are calculated.

Seems like a promising platform,but you will have to get more participants.Good luck,OP.

https://bitbet.pro

What is BitBet.pro?
- BitBet.pro is an advanced P2P cryptocurrency price movement betting platform. Predict the price movement of various cryptocurrencies and win Bitcoin from others players!

Why should I play on BitBet.pro?
- We provide you with the most advanced betting interface on the market, lowest fees, most stable platform and fastest deposits/withdrawals.

Is this game fair?
- It absolutely is. We cannot possibly change the price of a cryptocurrency. Data is taken from reputable exchanges including Binance and Kraken, in realtime. We are not after users winnings since users play against each other. We collect a small fee to keep the service running.

What cryptocurrencies are supported?
- For deposits and withdrawals you can use on chain Bitcoin and Lightning Network Bitcoin. Price movements you can bet on currently include Bitcoin:USD, Ethereum:USD, Litecoin:USD, BitcoinCashABC:USD, Monero:USD and Dash:USD.

Referral system?
- Of course! Invite your friends and earn 50% of the fee the site takes of your referrals winnings.

Signup Bonus?
- We are giving away free Satoshis for a limited time! Register now and grab your bonus on the profile page to try out the platform.

Still have more questions? Head over to https://bitbet.pro/faq and checkout our FAQ!

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