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

[Eureka_07]

New Platform Soft Launch Alert   (Max bets set lower for soft launch)

* Desktop Only for Now *<Snip>

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!

[1714589620]

1714589620

[1714589620]

1714589620

[Slow death]

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

[xbitnuts]

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.

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.

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.

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?

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!

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

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

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

 

[btc78]

New Platform Soft Launch Alert   (Max bets set lower for soft launch)

* Desktop Only for Now *<Snip>

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!

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.

[toast]

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

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

500xBit uses BitGo as a custodian to store all users’ Bitcoin balances. This ensures an extremely strong wallet security for any balance deposited on our platform.

[bonjouros]

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.

[LoyceV]

what would you like the maximum bet to be, if I may ask?

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

[xbitnuts]

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?

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

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.

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

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

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.

[sikke]

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?

[Lanatsa]

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. .

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.

[antminerguruguy]

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.

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

[traderethereum]

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.

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.

[LoyceV]

Captcha is terrible (on Tor). After several rounds of Captcha and a disconnect in between, it ends with:

Your computer or network may be sending automated queries. To protect our users, we can't process your request right now. For more details visit our help page.

A Captcha bypass code like Bitcointalk has would be highly appreciated.

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

[john_nautica]

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.

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

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.

[xbitnuts]

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

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.

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

Noted will see what I can do.

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.

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.

[iamwithyou]

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.

[xbitnuts]

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

[24Kt]

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.

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.

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.

[iamwithyou]

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 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. 

[Kyraishi]

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?