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

[exbet.io]

Hi exbet.io
an optimal solution covering the 2 fiat & crypto markets, could be having accounts in stablecoin (for example USDT)

Stablecoins like USDT definitely offer a path to unified markets that cater for both crypto and fiat. We think it's a strong contender for a solution. We'll update with more on this when we have it. Great talking it over with you!

[arco-yabamba]

ok but if you use tether what about people who want to keep funds in btc and not miss the moon? not bothered for myself but we know theres plenty here (clue its called bitcointalk lol) who are all in on crypto. how is fiat denomimated exchange (which is what usdt support wd be if i understand correct) going to attract there custom?

[tumis]

ok but if you use tether what about people who want to keep funds in btc and not miss the moon? not bothered for myself but we know theres plenty here (clue its called bitcointalk lol) who are all in on crypto. how is fiat denomimated exchange (which is what usdt support wd be if i understand correct) going to attract there custom?

I'd avoid it

[elabor77]

ok but if you use tether what about people who want to keep funds in btc and not miss the moon? not bothered for myself but we know theres plenty here (clue its called bitcointalk lol) who are all in on crypto. how is fiat denomimated exchange (which is what usdt support wd be if i understand correct) going to attract there custom?

Because an exchange is for smart bettors who use normal exchanges and bookmakers to trade, therefore accounts in stablecoinn are needed, because prices do not have to be extremely volatile like BTC.
Instead a regular bettor does not need an exchange, except if he does not want to be limited by bookmakers.

[arco-yabamba]

ok but if you use tether what about people who want to keep funds in btc and not miss the moon? not bothered for myself but we know theres plenty here (clue its called bitcointalk lol) who are all in on crypto. how is fiat denomimated exchange (which is what usdt support wd be if i understand correct) going to attract there custom?

Because an exchange is for smart bettors who use normal exchanges and bookmakers to trade, therefore accounts in stablecoinn are needed, because prices do not have to be extremely volatile like BTC.
Instead a regular bettor does not need an exchange, except if he does not want to be limited by bookmakers.

if its only smart bettors on the exchange who do they all make their money from? i politely suggest they need some ++when moon++ idiots to keep feeding btc into the machine

[exbet.io]

It's interesting that as the exchange user gets more "professional", they are probably better equipped technically and temperamentally to hedge BTC volatility off-exchange. At the same time we need to accept that BTC is still a niche currency and many existing Betfair market makers and traders will not have first-hand experience using it. Which is where stablecoin has some advantages - it ensures lower barriers of entry to those considering the move to another exchange.

[exbet.io]

Closing in on first release of Exbet API - very excited! This will be in the hands of beta testers later this month, so DM us (here or on Twitter) if you're interested getting involved early with Exbet's trading interface.

https://twitter.com/exbetio/status/1258887289138266115

[mirq20]

Hi, I wrote DM, I would like to try it out

[exbet.io]

Hi mirq20

Thanks for your interest, we replied to your DM 

[arco-yabamba]

just in case it wasnt clear in latest dm, please send over api details asap and i will get my guys on it, expect feedback aplenty

[exbet.io]

Don't worry arco-yabamba, we've got you covered!

[exbet.io]

Excellent news about La Liga - restart schedules for 12 June:
https://www.espn.com/soccer/spanish-primera-division/story/4098472/la-liga-given-green-light-to-restart-on-june-8-by-spanish-prime-minister

Looks like the sporting schedule is really starting to pick up. Let's hope it continues but in a way that keeps players and support staff healthy.

[Degens]

What are the proposed fees for Exbet? Degens currently charges 0.5% on winning bets but we don't accept bitcoin, only DAI stablecoin.

[Haunebu]

Its already been a couple of months since you guys announced this exchange. After the beta, I didn't observe any major updates regarding the release apart from sports news here and there. I thought it would launch in Q1 of 2020. Any issues op?

What are the proposed fees for Exbet? Degens currently charges 0.5% on winning bets but we don't accept bitcoin, only DAI stablecoin.

They state that 1% commission is charged on your winning bets on the site. I guess Degen is better in this area. However, I have never heard of DAI stablecoin.

[exbet.io]

Correct, Exbet has commission of 1%. To be clear, commission is charged on net profits in a market (as per the industry standard), not on "winning bets".

Its already been a couple of months since you guys announced this exchange. After the beta, I didn't observe any major updates regarding the release apart from sports news here and there. I thought it would launch in Q1 of 2020. Any issues op?

Q1 2020 was the aim but Covid-19 decimated the sporting calendar, so launch has been postponed until we get a critical mass of sporting events running again. Everything moving in the right direction, with Bundesliga rolling and La Liga set for mid-June start. We'll be keeping everyone updated on launch plans here, on Twitter, and via our newsletter which you can sign up to at exbet.io.

The Exbet API will soon be out in beta, which is one more step towards launch. Watch this space!

[exbet.io]

We've just started sending out first invites to the Exbet API beta. More info later today.

[exbet.io]

Very nice coverage of the Exbet API going in to beta here:
https://www.cryptogamblingnews.com/news/exbet-api-hits-beta-milestone/

[arco-yabamba]

just to say weve been playing about with the api for a few days now, all the basics are there, pretty much as per other exchanges so happy days. one or two things incl pagination would make life easier, have sent that over to you also some performance questions from our devs

[exbet.io]

just to say weve been playing about with the api for a few days now, all the basics are there, pretty much as per other exchanges so happy days. one or two things incl pagination would make life easier, have sent that over to you also some performance questions from our devs

Great to hear it arco-yabamba! Our people will be in touch with your people etc 

[arco-yabamba]

we saw an issue with correct score, selections wrong way round for final 3, very minor, have messaged details separately cheers