🚀 500xBit.com - Easily Bet On Bitcoin - 500 ❌ 250 ❌ 100 ❌ 50 ❌ Insane Leverage!

[Mahdirakib]

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!

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.

[1714602787]

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[xbitnuts]

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!

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"

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.

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.

 

[Bitcoin_Arena]

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?

[xbitnuts]

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.

[Haunebu]

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.

[LimLims]

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.

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.

[xbitnuts]

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?

[aioc]

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.

[rijaljun]

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.

[mardaed]

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.

[Haunebu]

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.

[joeperry]

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



[EDIT] Here's another one:

[LoyceV]

I ask why it automatically cashed out my position?

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!

[rodskee]

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.

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.

 

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.

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.

[joeperry]

I ask why it automatically cashed out my position?

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 wouldnt' be a time limit).
Nice profit percentages!

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

[xbitnuts]

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



[EDIT] Here's another one:

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 

[rijaljun]

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.

[bonjouros]

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.

[NotATether]

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?

[LoyceV]

I'm confused, are you a casino or a trading site (you posted this thread in the Gambling section)?

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).