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Author Topic: 🚀 500xBit.com - Easily Bet On Bitcoin - 500 ❌ 250 ❌ 100 ❌ 50 ❌ Insane Leverage!  (Read 1004 times)
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September 18, 2021, 09:15:17 AM
 #21

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.

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...Next Generation Crypto Casino...
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September 18, 2021, 05:00:06 PM
 #22

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

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

Quote from: Privacy Policy
we ask for any user to provide us a username
~
will never sell, rent or share user information to any third-party
It looks like the Leaderboard already violates your own Privacy Policy. You may want to add that you share usernames.

When signing up:
Quote
Password contains illegal characters
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:
Image loading...

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September 18, 2021, 07:56:04 PM
 #23

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 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.

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.

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September 18, 2021, 09:08:28 PM
 #24

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?

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September 18, 2021, 11:01:40 PM
 #25

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.

High risk, high reward  Cool
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, 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.

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September 18, 2021, 11:43:18 PM
 #26

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.

High risk, high reward  Cool
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, 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.
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September 19, 2021, 03:53:10 AM
 #27

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

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.

Mobile version is on top of our list.

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 Tongue. 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.

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.

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.
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.

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.


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

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.

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.

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

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

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

Quote from: Privacy Policy
we ask for any user to provide us a username
~
will never sell, rent or share user information to any third-party
It looks like the Leaderboard already violates your own Privacy Policy. You may want to add that you share usernames.

When signing up:
Quote
Password contains illegal characters
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.

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

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.

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 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?

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%.
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September 19, 2021, 04:23:52 AM
 #28

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.
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September 19, 2021, 04:26:57 AM
 #29


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.


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


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.

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September 19, 2021, 06:12:39 AM
 #30

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.

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.

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September 19, 2021, 06:15:04 AM
 #31

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.

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.

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September 19, 2021, 06:19:25 AM
 #32


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.

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.

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September 19, 2021, 07:04:43 AM
 #33

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.

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


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  Grin.

_____________________________________________________



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.



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 .

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September 19, 2021, 07:43:42 AM
 #34

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.
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.

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September 20, 2021, 05:41:50 PM
 #35

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.
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 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.

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September 20, 2021, 05:53:48 PM
 #36

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.

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.

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.
sunsilk
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September 20, 2021, 11:58:03 PM
 #37

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.
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.

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September 24, 2021, 12:05:05 AM
 #38

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.

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.

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.


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.

 Cool
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September 24, 2021, 01:13:10 AM
 #39

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

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September 24, 2021, 05:03:14 PM
 #40

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.

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