Exbet is LIVE >> The Bitcoin Betting Exchange [exbet.io]

[exbet.io]

OK peeps, little update here: in-play liquidity filling up the Soccer markets on Exbet!



If you're looking to back, lay and trade Soccer, Cricket, and a host of other sports, at an industry-leading commission of 1%, then Exbet is worth checking out 

[exbet.io]

It's an IPL Monday and the price is nice on Exbet  

[xMarcel]

Exbet looks promising and has some pros, but in my opinion 1% (even 0%) comission isn't enough to attract a lot of customers, especially after we consider in-play BACK/LAY spreads, liquidity and volume matched. Few things really MUST be added/implemented in Exbet in order to compete with top BTCsportsbooks (like Sporstbet.io, Cloudbet, Betcoin.ag) and Betfair white-labels (Orbit, SKYexchange, Mountbet, Satfair) and surpass them.

1) The main thing is the ability to make deposits/withdrawals via USDT TRC-20 and bet in USDT directly.
Many players don't like having their balances in volatile Bitcoin which price goes up and down every day/month. Why on Binance and Kraken almost all cryptos are trading against USDT? Because people want to cover their trading results and have balances in something stable.
Also Betfair offer betting in multiple STABLE fiat currencies.
The betting option in multiple cryptocurrencies will attract more players.
But if we stuck to just 1 currency, then it definitely should be stable USDT, not volatile BTC.
Also USDT TRC-20 transfer costs around 1$ regardless of the amount. Compare it to BTC transactions...

2) The liquidity issue. All independent betting exchanges (not white-labels under Betfair's umbrella) have this problem. Low figures of matched volume also affect and discourage people from betting/trading on Exbet because players understand that after in-play bet will be placed then marketmakers might just remove their offers thus they will unable to cover their positions or cover on much bigger spreads.
The solution is to combine exchange and sportbook service.
I mean look at SKYexchange.com cricket markets. They offer exchange odds and sportsbook odds at the same time. On both offers spreads are tight, liquidity is decent (bet limit on sportsbook). That's what players want to see. I believe Betradar (Sportradar) is the company who provide sportsbook odds for them.
For now, SKYexchange isn't perfect betting site since they have limited number of payment methods, KYC and don't work with crypto, but they built in their platform something really useful and innovate.


Hope some of this will be on Exbet too.
There are really no company in the industry which has all-in-one (great reputation, accepting players from different range of countries, not restricting players, easy or no KYC, USDT betting, exchange and sportsbook with good spreads and liquidity, API tools, livestream of events) and Exbet might become the first one, might become more attractive to players and grow.

[Zackgeno96]

The site has been running on the forum for about 2 years now as far as I can see. The most positive point, of course, is that there are no bad things written about this site at all. You also don't read complaints from players. But the biggest problem is liquidity. There are bigger exchanges like Betfair and smarkets, and most people are lying there and placing their bets there. If they could manage to put a lot more liquidity into it, it could be a huge success.

[arco-yabamba]

The site has been running on the forum for about 2 years now as far as I can see. The most positive point, of course, is that there are no bad things written about this site at all. You also don't read complaints from players. But the biggest problem is liquidity. There are bigger exchanges like Betfair and smarkets, and most people are lying there and placing their bets there. If they could manage to put a lot more liquidity into it, it could be a huge success.

yeh agreed exbet excellent in all my dealings with them, exchange v smooth especially api, now they need to kick on with bringing money in. to be fair exbet volumes and prices stronger often than smarkets

eng vi india test now, exbet and smarkets both 104% books, you can get 4000 usd at best prices india, but only 200 usd on smarkets. liquidity much better exbet, but action not there yet

[Gianluca95]

Congratulation for your idea sir, your platform looks to be really promising, probably you're the first one that purpose an idea of betting exchange in bitcoin.

I like your platform, way to deposit and also the odds, maybe it should be made some improvement on liquidity (but this means that you've to attract many other players). I'll surely play with it.

[lumbanrang]

hi there, I'm very interested in trying your site but why when I want to open it, this site runs very slowly in my browser even though I use chrome to open it.

[exbet.io]

hi xMarcel, thanks for comments!

1) The main thing is the ability to make deposits/withdrawals via USDT TRC-20 and bet in USDT directly.
Many players don't like having their balances in volatile Bitcoin which price goes up and down every day/month. Why on Binance and Kraken almost all cryptos are trading against USDT? Because people want to cover their trading results and have balances in something stable.
Also Betfair offer betting in multiple STABLE fiat currencies.
The betting option in multiple cryptocurrencies will attract more players.
But if we stuck to just 1 currency, then it definitely should be stable USDT, not volatile BTC.
Also USDT TRC-20 transfer costs around 1$ regardless of the amount. Compare it to BTC transactions...

We agree. We will be moving Exbet over to use Euro as the base betting currency in the second half of 2022. As you say, people want to bet in stable currencies, and we have listened to this feedback.

2) The liquidity issue. All independent betting exchanges (not white-labels under Betfair's umbrella) have this problem. Low figures of matched volume also affect and discourage people from betting/trading on Exbet because players understand that after in-play bet will be placed then marketmakers might just remove their offers thus they will unable to cover their positions or cover on much bigger spreads.

As you say, liquidity is built across a number of metrics - price spread, volumes available, volumes matched.

As another poster wrote, we think that Exbet is VERY competitive on the first two metrics (price spread, volumes available) when comparing with most other exchanges, Betfair being an exception sometimes, of course. On the third metric, we need to see matched amounts increasing on Exbet. We believe that we will start to see this in the second half of 2022, as we move to Euro support, and as we continue to improve the product and offering.

[arco-yabamba]

lumbanrang i have not had problems loading exbet are u on mobile

[LUCKMCFLY]

Hello exbet,

I like how you are doing things, now seeing your latest comments and observing that the world situation has changed a bit, the euro has been equated at one point with the dollar, so I think that to talk about a stable currency in these It is difficult at the moment, I think that if it leaves the dollar, the euro, it could have the ability to please many, because whoever wants to operate with the Eur should do so, I know that many do not like the hegemony of the dollar, which has always existed, but it is a way of sharing that they can do things for certain types of people, preferably.

[valdonike]

hi xMarcel, thanks for comments!

1) The main thing is the ability to make deposits/withdrawals via USDT TRC-20 and bet in USDT directly.
Many players don't like having their balances in volatile Bitcoin which price goes up and down every day/month. Why on Binance and Kraken almost all cryptos are trading against USDT? Because people want to cover their trading results and have balances in something stable.
Also Betfair offer betting in multiple STABLE fiat currencies.
The betting option in multiple cryptocurrencies will attract more players.
But if we stuck to just 1 currency, then it definitely should be stable USDT, not volatile BTC.
Also USDT TRC-20 transfer costs around 1$ regardless of the amount. Compare it to BTC transactions...

We agree. We will be moving Exbet over to use Euro as the base betting currency in the second half of 2022. As you say, people want to bet in stable currencies, and we have listened to this feedback.

2) The liquidity issue. All independent betting exchanges (not white-labels under Betfair's umbrella) have this problem. Low figures of matched volume also affect and discourage people from betting/trading on Exbet because players understand that after in-play bet will be placed then marketmakers might just remove their offers thus they will unable to cover their positions or cover on much bigger spreads.

As you say, liquidity is built across a number of metrics - price spread, volumes available, volumes matched.

As another poster wrote, we think that Exbet is VERY competitive on the first two metrics (price spread, volumes available) when comparing with most other exchanges, Betfair being an exception sometimes, of course. On the third metric, we need to see matched amounts increasing on Exbet. We believe that we will start to see this in the second half of 2022, as we move to Euro support, and as we continue to improve the product and offering.

any referal program on exbet?

[boroBTC]

Significantly higher liquidity for football. For example Nottingham - Man U (more than 16 000 USDT). Have there been any changes or is it spontaneous?

[efialtis]

hi xMarcel, thanks for comments!

1) The main thing is the ability to make deposits/withdrawals via USDT TRC-20 and bet in USDT directly.
Many players don't like having their balances in volatile Bitcoin which price goes up and down every day/month. Why on Binance and Kraken almost all cryptos are trading against USDT? Because people want to cover their trading results and have balances in something stable.
Also Betfair offer betting in multiple STABLE fiat currencies.
The betting option in multiple cryptocurrencies will attract more players.
But if we stuck to just 1 currency, then it definitely should be stable USDT, not volatile BTC.
Also USDT TRC-20 transfer costs around 1$ regardless of the amount. Compare it to BTC transactions...

We agree. We will be moving Exbet over to use Euro as the base betting currency in the second half of 2022. As you say, people want to bet in stable currencies, and we have listened to this feedback.

2) The liquidity issue. All independent betting exchanges (not white-labels under Betfair's umbrella) have this problem. Low figures of matched volume also affect and discourage people from betting/trading on Exbet because players understand that after in-play bet will be placed then marketmakers might just remove their offers thus they will unable to cover their positions or cover on much bigger spreads.

As you say, liquidity is built across a number of metrics - price spread, volumes available, volumes matched.

As another poster wrote, we think that Exbet is VERY competitive on the first two metrics (price spread, volumes available) when comparing with most other exchanges, Betfair being an exception sometimes, of course. On the third metric, we need to see matched amounts increasing on Exbet. We believe that we will start to see this in the second half of 2022, as we move to Euro support, and as we continue to improve the product and offering.

any referal program on exbet?

They wanted to launch it years ago, never happened... go figure

[efialtis]

Any update regarding your affiliate program? We are getting close to 2024... it`s a shame we haven`t been able to promote a promising product all this time.

[DUPONDIUS]

Any news from Exbet? 

[efialtis]

Server not found - looks like they closed shop