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If you have any recommendations / things you absolutely want us to change in order for you to use our platform or any other inquiries, feel free to message me or reply to this post.


What will be added next to platform :
- Mobile Version

 8)

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.

First of all welcome to the site, secondly is the site ready for real money?
I mean I only see the soft launch. Does that mean the site is completely ready?
I don’t see more info about the games that we need to bet on.
Moreover i like the No-KYC feature, it will surely attract more players .
Also eagerly waiting for the mobile version, as 30% of the gamblers prefer mobile devices to play than PC.
Let’s see what more updates we see in the future.

50k sats is high specially in small gambler like us , imagine for a withdrawal of 100k sats and you will be charged by 50% this is insane lol  ;D.

_____________________________________________________

Anyway welcome to the forum , the interface is so simple and looks like a Power point project of Secondary school  ;D

sorry to say but with that high fee, i may not dare playing in this site unless you'll come to best solution in the future.

Welcome to the forum, soft launch do you mean it is a demo version for now since it's only available in a desktop format and when can we expect the mobile version?

This is like the options that are also popular and really a high risk type of gambling. What I think is good are those intervals that you have and the bettors can use what interval they have to bet with and if it will reach the price that they'll bet. Correct me if I'm wrong on that.

I think what you really need is to increase your reputation since there are the options that might be the choice of those that are into this type of game and betting.

Welcome to the forum 500xbit.com and team ..

Any plans of extending your advertising here ? if yes then best to try exposing your company using Bounties and signature campaigns.

Just try checking good managers here https://bitcointalk.org/index.php?board=52.0 tp let people hear about your gambling site all over the forum.

Its cool to see that there's a demo version on this site since anyone can test the game without even spending a single cents but for now I will just try to use the demo since I want them to be tested by others who want to risk their money on new gambling site.

Also the word xbit itself makes me wonder if they are related with 1xbit which have bad reputation here.



Good suggestion since this is one of the best option made by gambling site owner to introduce their new business here.

At a glance, the title sounds like a relative of 1xBit. ;D

Back on topic, kinda rare to see binary options as gambling here

Ops that also caught my attention but again after visiting the site it interface has nothing to be compared or related to 1xbit as one will require to register an account before you can access the site content, unlike 1xbit that is base on anonymously where you don't need to provide any information. The binary option is the part that makes it more interesting with 500xbit as it's a new development in online gambling.

You are right about the fees (it is high to bare with these low bet amounts), will lower it to incentive people trying it out and update you here when I do.


I do feel welcomed :) Even if it is a soft launch, the site is secure and ready to trade with actual BTC. The main difference is we set the max bets lower for the soft launch.
I didn't get this "I don’t see more info about the games that we need to bet on."


High risk, high reward  8)
Reputation will definitely take some time as it is an anonymous platform but as past projects have shown, if you have operational transparency, constant effort from the development side and deal with customer complaints promptly, more and more people will trust you.


Yes, have been checking out the options present. For now, its just about interacting with more users and seeing what everyone think about the platform. If the reaction is positive, you'll definitely be seeing 500xbit.com doing some fun and interesting campaigns on the forum to catch the eye of more people. Thank you for the feedback


Fair enough :) Can't say I wouldn't do the same.


No relation to 1xbit. Just thought 500xbit sounded appropriate and easy to remember considering we offer 500x leverage.
I was not sure if it belonged in the gambling section or somewhere else but since it is high risk, I put it here. If I need to move it, let me know.



Thank you all for participating and taking some time from your day to give me feedback. You are helping tons

Welcome to the forum.

50K Satoshi? At first I was interested in trying to bet if it was cheap, but after I saw this it was indeed quite large with a level of risk that we did not know as a whole. I hope as others have said that you should reconsider. The 50K Satoshi bet is indeed a bit too high even though we still have many betting places that are cheaper than this site. By the way, it looks pretty good and there aren't too many flashy colors. I hope you will consider our suggestions.

I visited your website and I like it. There are huge risks in this type of game, the players who will play must have an idea about the risk. Since I have visited your website using mobile phone, I think if you make your website more mobile phone responsive, it will be convenient for the users.I am sharing my opinion, because nowadays people prefer to browse the internet using mobile phones.

Welcome to the forum.

After watching the red cross mark in the title, I thought it's a scam accusation against a casino. I didn't give much attention to the title :P. By the way, welcome to the forum. The sign-up process is a bit different at your platform. We just need to provide our username and password. Then it gives a 6 words recovery phrase which have to be used in case of password change in future. And there is no option to add email in the account page. I think adding email will make the users account more secure. However, I liked the big leverage system.  But you should consider about the withdrawal fee.

Welcome to bitcointalk forum. Either official launching of the site or not official is okay and you are very welcome to stay. I suggest stay here for answering questions as it will help your team to make the platform better or solve issues if there is or made new changes.

It does remind me of 1xbit because of similarities of the name. Well, let's just not judge them and let the platform prove their legitimacy if they are willing to run for a long time. I haven't checked the site but base on what I read here is that the con of this platform is not small time gambler friendly.

^ I don't see any problem with the minimum amount to bet and I think if you cannot afford it probably this casino is not for you. Probably, if you are a small-time gambler, this is not for you because you need huge capital before you can play. However, to the OP, welcome to the forum, at the first glance in your casino I thought it was build about 1 year ago because the interface is looking so good and your website is like the professional one but I never expect it is really a new casino. Good luck with your project and I hope you can really have a target audience here.

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.. ;)

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.

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.

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

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.

I've tested the site 4 months ago (https://bitcointalk.org/index.php?topic=5336367.0), 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:
https://loyce.club/other/failedQR.png

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 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?

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.

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  :D, 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%.

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.

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 .

___________________________________________________

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.

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.

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.

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.

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 .

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.

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.

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.

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.

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.

 8)

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

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.

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"


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.

 8)

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.

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.

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?

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.

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.

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.

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.

I tested your website, may I ask why it automatically cashed out my position?

https://talkimg.com/images/2023/05/16/blob5f1f30b8d7324241.png

[EDIT] Here's another one:

https://talkimg.com/images/2023/05/16/blob69a30d4a8569c9bc.png

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!

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.

 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.

Oh that's why, thanks LoyceV! Just got lucky ;D

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  ;D

I visit your gambling platform and I would like to suggest something like a stoploss, I see that there's an automatic take profit option but I think it's better if you would have a stoploss too just like in normal trading and it's much better if there's a public chat to share some thoughts, free drops to anyone or sharing profit images and communicate to other players but you might need an admin for that.

Welcome to the community! This is only a soft launch? When is the official launch and can you discuss what could possibly the maximum bets for each leverage available? Also, I think having a mobile version is really good and accessible to all of us I hope you would consider that too.

I'm confused, are you a casino or a trading site (you posted this thread in the Gambling section)? If you are a casino, do you provide an option for investors to deposit to/withdraw from your bankroll?

I'd say it's a casino: you're gambling on the exchange rate going up or down within the next hour. On an exchange, you trade against other users, on 500xBit you trade/bet against the house (like a casino).

Hello, welcome to bitcointalk!
What mainly is your platform? Is it a trading platform or a gambling platform? I'm confused actually.
I'm happy to see some service that offer this kind of leverage even having only small capital.
Goodluck to your team!

first of all, welcome to bitcointalk, this is an excellent idea and as I really like to trade I'll probably use your site, I'm already practicing in the demo to better understand how everything works and potential profit and the risks I'm going to take, in short I'm getting familiar with everything before depositing and trading with real money

Chat system is near the top of our list. An added social side could definitely be worth it. Will consider the stop loss. Thanks for the recommendation.


The official launch will most probably once we have a couple of improvements done like the mobile version. It should be in about 2 weeks if not earlier. For now, I cannot reveal the exact maximum bets for each leverage, what would you like the maximum bet to be, if I may ask?


Hey, we are a high risk, high reward trading platform. No minimum deposit. Minimum bet is 0.1$ so anyone can start with a small capital to trade. No withdrawal fee but you have to withdraw at least 0.0001 BTC


Great to hear! Take your time. Will be looking out for you on the leaderboard

 8)

What i wanna hear is when their platform to be available in Mobile/Ipad form as I am mostly in gadget now because my Lappy is stocked and i need to bring in technician to be fixed .
so it will be nicer in my part if i can try their x500 while using smaller gadgets.

Hope this will be added sooner Guys, thanks.

This is actually nice. The minimum withdrawal is just 0.0001 which is just around $4 and there's no withdrawal fee? Or do you mean you don't have withdrawal fee but we still cover the transaction fee?

Anyway here's what I really do care about and which is what I really like on your website

I don't really bet big on games or in this case trade but this just my personal idea about it. I think all leverage should only have the same maximum bets or maybe except for x500 since they all have different time expirations but that was just my idea. I'm not really sure what's the best but $20-30 maximum bet for x500 leverage is good for me.

Usually the maximum profit depends on the house's bankroll. Depending on the house edge, it's often around 1%. So if the house owns 10 Bitcoin, the maximum profit per bet should be 0.1 Bitcoin. With dice, it's easy to calculate a maximum bet size that results in the maximum profit, but with 500xBit, there's no hard limit to the amount you can win. You should probably set a certain "auto cash out" around 1% of the house's bankroll on top of a certain maximum bet. This protects you from going bankrupt ;)

Hey! Currently we pay for the transaction fee and don't have any withdrawal fee. So you get the full amount you withdraw.


We'll most probably gradually make it go up. I am confident it will reach 25$ or more for the maximum bet of 500x quickly ;)


We do set a max profit per bet (depending on leverage) that you can see in the "more info" section. Currently for a 50$ bet at 50x, the max profit is 300$. We also allow up to 5 bets per users so we have to take that into account when increasing the max bet.

I really like the fact that you've lowered withdrawal fees to 0 because right now bitcoin fees are near zero yet there are a ton of casinos that are charging 0.0005 BTC still from the earlier eras.

I like the game mode as well - it's quite innovative but risky at the same time!

Will there be longer expiration contracts available in the future that is not just 5 minutes?

Bitcoin fees are cheap now or almost zero which it is really good to see that they are freeing the fees but time comes when everything supposedly to change then for sure they would be charging.
So it would be better if they would just make out some dynamic ones.

The game itself is really risky that's why its gambling in the first place. :D.

It would be nice if they would be adding up some pairs not only BTC but also with ETH and other top altcoins in the market.

Is it legit will you get the bitcoin though if you win?

I think it is legit, you can try it by yourself.
After all, it is gambling which you can win or lose so you need to be careful.
I think they will add the other altcoins in the future after they see the potential to make more income from the bet.
They need to focus on running their business first and they can add it later after the site can run properly.

Captcha is terrible (on Tor). After several rounds of Captcha and a disconnect in between, it ends with:
A Captcha bypass code (https://bitcointalk.org/captcha_code.php) like Bitcointalk has would be highly appreciated.

Captcha nowadays is nothing more than an AI deciding humans can't pass as humans.

You can try it yourself, they have automatic payment system and they don't charge you for the transaction fee as well as withdrawal fee. You can deposit any amount to test the website. I tried already your website through the demo bet it was really entertaining and I won good amount but it's just a demo coin I will transfer coins when you officially open your website since I see that it was just a soft launch but I think it's good already.

There is a Demo version & a live version. If you use the demo version (the one where you are not logged in), it is not real bitcoin and is meant for you to test the platform. If you log in, deposit your bitcoin and trade. Then whatever you profit, will right away be added to your balance and you can withdraw it right away if you want with no withdrawal fee.


Noted :) will see what I can do.



Just wanted to point that although I called it a soft launch, it is ready to trade with real bitcoin. Its just that since it doesn't have the mobile version and few other features, I called it a soft launch.

I have a pretty simple question, what's the source of your chart price data? I mean there has to be some sort of averaging algorithm going on based on various established exchanges, or it's just your own judgment.
Because on 500x if you just manipulate your chart data by 0.01% (which is hard to detect) that helps a lot in reaching liquidation quickly.

We get the price of Binance and Coinbase through each of their available apis and use the average of both exchanges' latest price to calculate 500xbit.com latest price. If you wanted to verify us, we invite anyone to do their own small programming code to compare with our price. It should be the same as ours at all times.

Hope that helps

I don't think they will ruin their reputation this early, if they will not let you withdraw what you should have. But yes, adding other alts may be a good one to attract more players. So that means, we may not only see betting on btc price but also other alts, which for me, is interesting. They should run some rewards program or contests to entice these gamblers to play on their betting exchange.

I will let this matter rest in the hands of knowledgeable members of this wonderful forum. I don't have expertise on the specific matter but it would be more transparent if you post the code/process/method in detail publicly here. 

I think that the idea is really cool.

Would there be any sort of possibility to audit the prices that you provide? E.g. would you provide a price history which can be independently verified against Coinbase/Binance?

Also, what happens if Coinbase/Binance experiences a flash crash? Do people get automatically liquidated or is there a protection mechanism against that?

Its a casino with 2.5% house edge. lol

Great to hear that you appreciate the idea.

For the auditing of the prices we provide, I will see if there is no security risk in sharing the exact code we use to make the api request to Coinbase/Binance so that anyone can use our code so that anyone can independently verify our prices.

We don't have any protection mechanism against flash crashes but the opposite is also true for any auto-cashout done with a short/long position which makes things fair in my opinion.


In some ways, you could say it is since we charge 2.5% for the 500x leverage but remember that the fee is 0.25% for 50x, 0.5% for 100x and 1% for 250x.

It's nice that you are open about the codes and make it public, I think having a stop-loss option is a better idea to avoid those flash crashes I'm curious maybe you could add like trading view graph wherein we can put indicators or other tools to analyze it or maybe that's too much since it will look like a trading website and not gambling site anymore?

Can we only bet on Bitcoin or can you also add more cryptocurrency or you would just stick with one currency? I do like BNB and Dogecoin by the way I think Dogecoin could be a good idea on your website not just because the fee is low but it was commonly used in online crypto gambling.

Hey welcome to the forum! This is a unique game, I tried the demo and the leverage was really insane since you can rarely find 500x leverage on exchange site I really do like the animation of the price and you can change it to candle sticks I would like to leave some feedbacks

- Add Stop-loss order
- Light Theme
- Mobile version
- Public chat

I do like the fact that you add 2FA for extra security and also previous trades so users would be able to review their trades. In overall in terms of design, game, security. This is an awesome gambling site.

If there's some bonus deposit for us members, I don't mind giving it a shot :)

Deposit bonus is a good idea but the problem is it might be abused since you can easily create multiple accounts I think it can only be applicable to casinos and sports betting websites but probably they could have at least a trading competition on which users can have more wins something, they have existing leaderboard and maybe they can give rewards weekly to top 10 players and restart the leaderboard weekly or have an option to look monthly leaderboard, weekly and competition leaderboard.

Deposit bonus is usually designed with strict requirements such as wagering requirement, it is to avoid those abusers who want to take an advantage from the bonus. Deposit bonus can be applied to all type of games including in a trading game/binary trading like 500xbit. Trading tournament is also good idea and may attract more users than deposit bonus.

I mean using some special offers for us members, not available anywhere else.

Can be like "BITCOINTALK" promo code, with 50 uses max :p

There's this: 🚀 [FREE TO ENTER] Predict The Bitcoin Price - 250$ in prizes🚀Until Sunday 9pm (https://bitcointalk.org/index.php?topic=5363672.0) :)

Thanks, I'll give it a shot.

And here's one to round it off to a nice number :)

Don't miss it, I will also guess in this contest.

Maybe this is some opportunity for users to get a large enough capital to play at 500xbit if they win, but I'm sure with bitcoin price predictions it's not difficult, we just guess and wait for the results.

This is a very interesting contest.

I haven’t participated yet. It seems that I should participate in it. It is sometimes easy to predict the Bitcoin price, but it is not always possible because the market situation is such that it is not easy to predict anything from there.
Since 500xbit offers a chance to win something by predicting the price of Bitcoin, this opportunity created a way to view their website in more detail. I will try to join this contest. And if luck helps, maybe I can win something!

I am confident more of the top cryptocurrencies will be added. Mainly the ones with a lot of volume of trade. I couldn't tell you exactly when but stay tuned.


Would love to give some deposit bonus but it is quite easily exploitable as you have mentionned as you can create accounts very easily since we have no KYC. I might add one for bitcointalk users that will give them back a certain $ amount for every X amount they bet but I prefer the idea of giving rewards according to a leaderboard (either top profit earners or top wagered traders). That is the one we have planned first for 500xbit.com to favour active traders. For now, you can stay tuned for giveaways/contests specifically designed for bitcointalk.org users like this one : https://bitcointalk.org/index.php?topic=5363672.0

 8)

but at least the plan is enough for gamblers of crypto rely with.

because there are many gamblers here like me that usually uses altcoin than bitcoin.

___________________________________

welcome to our humble forum guys , please stay active and provide more experiences to us.

It's nice that they have something like this kind of games and rounds promotion but I think in order not to be abused they should at least ask users to place at least 1 bet and use the ID as a ticket in order to place prediction on their promotion, I think that's a good idea to control users with multiple account.

That's a good idea but for now we will make it accessible for everyone :) Might switch it up for next time.

This is one of the good new gambling website that recently open, there's a lot of gambling sites that open recently but this website is the one that I mostly like your team is also active in giving promotions and considering the idea of the community. I wish you all the best and welcome again to the forum.

I remember the site bettler.io, but it is a pvp betting exchange site. So this one, you are betting against the house, which I think can gain more players. Because the problem with pvp is you need to wait for other players to show up. Here, you don't need to wait but bet against the site itself. Other additional alts to bet may also attract some players.

I don't think "house edge" is the appropriate term here, it sounds much better when you say you charge [a fee]. In the past hour, Bitcoin went up by $3k. If you're betting when that happens, it doesn't seem like a completely random outcome and might even give the player an edge.

Fair enough!



Bumping this topic as if there is a time to make huge gains on bets on Bitcoin short term, it's now !

Come take a shot at 500xbit.com (http://500xbit.com)

For anyone interested, we added a promotion that pays 25$ in Bitcoin per day (exclusively for Bitcointalk.org members) if you maintain the top 1 position on all-time leaderboard.

Total profit to beat as of now : 131.06$

Here is the topic : https://bitcointalk.org/index.php?topic=5364291.new#new


🚀🚀

Good marketing initiative, but I think that you should probably do stuff that are a bit more specific than leaderboard positions.

E.g., perhaps run contests with particular leverage/profits? $10 for whoever is able to hit the highest profit with 500x leverage etc.

Just my two cents to keep the engagement up.

This is a good idea, I think having a different races to different leverage could be good too but we do appreciate the current promotion you have that by just playing you would be able to win more. I see that it was daily, I think I'll give it a shot.

I can do that too if users like that. Let me figure out the rewards and I'll update you here when it is up.

From what I've seen (in the past) on online casino's: the user with highest total profit barely changes. Once someone hits it, he can keep that position for a very long time.
Once someone has a negative profit, he has more to make up for and will likely be out of this race. A daily or weekly race for a Leaderboard might attract more users, as they're more likely to win this.

https://i.ibb.co/CvRZrnC/photo-2021-10-09-22-37-18.jpg

When I want to use mobile mode the display is so messy it seems there are still a lot of things that need to be fixed for this mode but on the computer display there is no problem even I like it, it's just that on mobile it doesn't fully support it.
I hope in the future this can be improved or optimized with a pretty interesting appearance.

Their site is stilll not responsive that's why it look messy in our phone when we access it. But as what I can remember, they said that they are working on that one, probably very soon they'll update their site with a very clean and responsive site for any device. Just wait for it.
Their site is pretty young, I believe there would be great changes that will come sooner or later.

I have to take it there that the site is still new so the team still needs to do it so that it is responsive on all versions including mobile, and maybe I missed those words from the admin so I don't know about this, but with that conversation then I wouldn't worry for sure they as a team would sort it out quickly.
For now we can only enjoy it in the computer version and indeed this is everyday life at home only in front of the PC.

Daily leaderboard is most suitable for this type of competition. But OP said that there isn't enough activity of the users. A forever leaderboard will not attract new people as it will be tough to beat the top profit makers. Because they have low betting limits and maximum 5 bets can be kept open at a single time. Giving prize to the all time highest wager maker will be reasonable. But the profit maker contest leaderboard should get cleaned each day. BTW, I will opt in the contest if OP change it to the daily one.

I think that is one of their priority some users doesn't have computer available anytime and some people play on their free time like on their work break and having mobile version is pretty popular for some people. I actually do like playing on mobile but yes the desktop version works very well and smoothly.

Mobile I would say is just an alternative when you cannot use your computer or do not have it. Computer is always easy to use and always put you at an advantage spot over mobile. As you can be quick and more efficient on computer than you can be on your mobile.

Bug: there's no contact information in your "We’ll be back soon!"-message:

You are in TOR browser, right? Is it still same there? TOR browser isn't allowing to open the mail address. But I have checked with Chrome and another browser. Both of the browser are forwarding me to my mail app and their support mailing address automatically getting filled in the receiver part (when I'm clicking on ‘contact us’).
And I can see their support mail while I'm holding my finger on their ‘contact us’ part (in mobile).
https://i.imgur.com/KHuGD5D.jpg

Correct.
It now shows the email:

This is true because most people are now on their mobile phones when it comes to accessing on things which means they should consider out on making responsive or interacts that well or could be surfed out well
when its access through mobile.This is the main thing i had noticed out which is really not that appealing where things jumbles up.

I do love binary option but this is just pure gambling imho. xbit tag name is a bit off considering on those common known scammy websites name.

It's not actually xbit but "500x bit" since they offer a 500x leverage on their website and bit is for Bitcoin of course which what they accept on their website. Yes it's really nice if they would be able to have a mobile version as soon as possible most us these days are playing through our mobile even in casino games I am using my mobile to place bets.

Is your website still on beta stage or was it already opened officially? I think you should finish first the mobile version and I find some typos on the pop up when you withdraw your money they yellow one?

Previously the website had been officially opened but the team said a few days ago after announcing the contest they were busy working on the website so it might be under maintenance until they re-announce it here.

I think 500xbit already knows about the display complaints in phones and they must have seen this, so it's likely to be accompanied by this so when the website recovers all versions are available by then.

Good summary. Yes, website is being worked on. Will be back up soon. Anyone that needs to withdraw his funds asap can contact the email added to website.

Will update this thread once ready to trade again :)

Yes please - I think that this is a fantastic site.

I don't think that shutting down the site altogether is a good idea, perhaps just disable the games for the time being but allow for people to access their balances?

That way players don't feel like you're just leaving them high and dry.

Would much better and its quite a hassle thing that you would need up to contact the site just for that withdrawal. How they could verify out those legit users compared to fake ones? Using up on the same email?

If they have shut down the entire operation then this is basically pertaining on upgrading the site which its understandable on fixing things up and for those gamblers who had stuck up their

money then I don't see for it to be an immediate reaction but I cant blame though because there were no tentative dates for things to be fixed completely.

While the game and website cannot be accessed due to long maintenance, I will continue to support the team to resolve it.

Maybe what the admin means is that when someone has a balance in a 500xbit account, it can be withdrawn at any time by sending it to the email that has been listed on the site.

I think admin's understanding is like that.

This is a good idea. I don't have any funds invested in this site currently, but I know how it feels to have your funds inaccessible in this manner. Makes you feel like you got scammed or something similar.

Am not stating that this is a scam site, but the 500xBit team needs to allow players full access to their funds without resorting to sending emails etc in my opinion.

It will be better if the members can log in to their account, access their funds directly, and withdraw it. But if members can not access the site because of maintenance and need to contact the account to withdraw their funds, members need to follow the suggestion. Hopefully, the withdrawal process will not take too long to receive the funds.

How do you want full access to control funds while the site is still under maintenence? Unless he wants to withdraw funds quickly then one way is to send an email along with the data on the left.

I don't know when this site will be normal? while the team has not determined when this will be completed, is it near or long term?
Honestly, those who have money in their account will be worried if something happens, but in reality this site is not a scam.

It's a good thing that your support is always easy to approach and that you're providing an updated announcement whenever there are developments and changes. I was having trouble with some sites that don't inform their users when they have updates.

It's been a while that you're gone, may I ask when will the maintenance will be finished and what could be the possible reason of the maintenance? are you preparing for the official opening of your site? I really do like playing on your website and that 500x leverage which you can't find anywhere on the market.

This long is not a Maintenance issue i believe , because for my years in gambling online , maintenance took only at least yours or days but this? almost a Month and yet no update? there is a deeper issue inside the site or maybe they are facing bigger issues than things can be done by maintenance .
anyway with their "INSANE LEVERAGE" promises? is this a kind of luring strategy and since there are no reaction from the players here , they realized that it is a waste of time continuing this business?

Yes that could be one of the reasons, but there might be other reasons for example classic reasons maintenance for almost a month and slowly disappearing
This isn't the first time I've seen a site like this close a business for no reason if there is a problem they can say it here so users don't have to wait.

If you have balance in your 500xBit.com account then you can get the access to your balance by contacting their email support. I don't have any balance in my account, but I sent a message to their support on 13th October to know the reason behind this maintenance and received their response on 17th October. They said
https://i.imgur.com/naoJH8J.jpg

The maintenance is about the security of 500xBit.com. They had huge leverage, no withdrawal fees. But they were supporting Bitcoin only and the max bet limit was low. Hopefully they will continue their business. 500xBit is a platform which started their journey by taking some feedbacks (https://bitcointalk.org/index.php?topic=5336367.0) from the forum members.

Only a few could really able to say that theyre closing for good or simply  tell their users that  they would be closing their doors and its true story that
most of them would definitely had that common behavior on which they do really have that pending issues which do really ends up for users to wait up fr  long  time.

Maintenance duration shouldnt really last long and it would be understandable if the  trouble would really be a serious one or justt
minor which is really hard to believe on that it is really taking long time  to be fixed.

It's still quite confusing whether they really want to go slowly or do they always delay maintenance because in general maintenance will not last long and will recover because they have technicians like that so 500xbit is still quite surprising and full of question marks.
I know 500xbit doesn't leave a bad crowd on this forum but this should need more clarity on what the real problem is, and everyone knows that 500xbit may have some people wanting sites online again, but when is that?

We couldnt really make any conclusions yet they havent still responding on what people been qualming on here but basing up with our own common sense

then we could really tell that they arent doing good because once people had been done on this one then it would leave out bad impressions and the worst
there would be some accusations.

If they would still intent to last long and have good impressions on this market then they should at least be mindful on doing
the rightful thing.

I understand them. They opened a beta test and find some probably bugs or risk that may affect their website I think we shouldn't rush them i think the reason why some users wanted them to open immediately is because they were amused to their game. I really do like their game and imagine you can earn a good profit in a matter of second if you managed to predict the price of Bitcoin. It's x500 profit.

Looks like they're still not finished with the maintenance, does anyone have any more information in regards their launch again? I was studying trading and I wouldn't miss the chance of applying the things I learned in trading and the gambling part at the same time. I hope they could give us some good news soon.