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

[iamwithyou]

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).

Its a casino with 2.5% house edge. lol

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[xbitnuts]

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?

Great to hear that you appreciate the idea.

For the auditing of the prices we provide, I will see if there is no security risk in sharing the exact code we use to make the api request to Coinbase/Binance so that anyone can use our code so that anyone can independently verify our prices.

We don't have any protection mechanism against flash crashes but the opposite is also true for any auto-cashout done with a short/long position which makes things fair in my opinion.

Its a casino with 2.5% house edge. lol

In some ways, you could say it is since we charge 2.5% for the 500x leverage but remember that the fee is 0.25% for 50x, 0.5% for 100x and 1% for 250x.

[RokokGudangGaram]

For the auditing of the prices we provide, I will see if there is no security risk in sharing the exact code we use to make the api request to Coinbase/Binance so that anyone can use our code so that anyone can independently verify our prices.

We don't have any protection mechanism against flash crashes but the opposite is also true for any auto-cashout done with a short/long position which makes things fair in my opinion.

It's nice that you are open about the codes and make it public, I think having a stop-loss option is a better idea to avoid those flash crashes I'm curious maybe you could add like trading view graph wherein we can put indicators or other tools to analyze it or maybe that's too much since it will look like a trading website and not gambling site anymore?

[bonjouros]

Can we only bet on Bitcoin or can you also add more cryptocurrency or you would just stick with one currency? I do like BNB and Dogecoin by the way I think Dogecoin could be a good idea on your website not just because the fee is low but it was commonly used in online crypto gambling.

[safari88]

Hey welcome to the forum! This is a unique game, I tried the demo and the leverage was really insane since you can rarely find 500x leverage on exchange site I really do like the animation of the price and you can change it to candle sticks I would like to leave some feedbacks

- Add Stop-loss order
- Light Theme
- Mobile version
- Public chat

I do like the fact that you add 2FA for extra security and also previous trades so users would be able to review their trades. In overall in terms of design, game, security. This is an awesome gambling site.

[UserU]

If there's some bonus deposit for us members, I don't mind giving it a shot

[MonsterV]

If there's some bonus deposit for us members, I don't mind giving it a shot

Deposit bonus is a good idea but the problem is it might be abused since you can easily create multiple accounts I think it can only be applicable to casinos and sports betting websites but probably they could have at least a trading competition on which users can have more wins something, they have existing leaderboard and maybe they can give rewards weekly to top 10 players and restart the leaderboard weekly or have an option to look monthly leaderboard, weekly and competition leaderboard.

[dustboy]

If there's some bonus deposit for us members, I don't mind giving it a shot

Deposit bonus is a good idea but the problem is it might be abused since you can easily create multiple accounts I think it can only be applicable to casinos and sports betting websites but probably they could have at least a trading competition on which users can have more wins something, they have existing leaderboard and maybe they can give rewards weekly to top 10 players and restart the leaderboard weekly or have an option to look monthly leaderboard, weekly and competition leaderboard.

Deposit bonus is usually designed with strict requirements such as wagering requirement, it is to avoid those abusers who want to take an advantage from the bonus. Deposit bonus can be applied to all type of games including in a trading game/binary trading like 500xbit. Trading tournament is also good idea and may attract more users than deposit bonus.

[UserU]

Deposit bonus is a good idea but the problem is it might be abused since you can easily create multiple accounts I think it can only be applicable to casinos and sports betting websites but probably they could have at least a trading competition on which users can have more wins something, they have existing leaderboard and maybe they can give rewards weekly to top 10 players and restart the leaderboard weekly or have an option to look monthly leaderboard, weekly and competition leaderboard.

I mean using some special offers for us members, not available anywhere else.

Can be like "BITCOINTALK" promo code, with 50 uses max :p

[LoyceV]

I mean using some special offers for us members, not available anywhere else.

There's this: 🚀 [FREE TO ENTER] Predict The Bitcoin Price - 250$ in prizes🚀Until Sunday 9pm

[UserU]

I mean using some special offers for us members, not available anywhere else.

There's this: 🚀 [FREE TO ENTER] Predict The Bitcoin Price - 250$ in prizes🚀Until Sunday 9pm

Thanks, I'll give it a shot.

And here's one to round it off to a nice number

[Raflesia]

I mean using some special offers for us members, not available anywhere else.

There's this: 🚀 [FREE TO ENTER] Predict The Bitcoin Price - 250$ in prizes🚀Until Sunday 9pm

Thanks, I'll give it a shot.

And here's one to round it off to a nice number

Don't miss it, I will also guess in this contest.

Maybe this is some opportunity for users to get a large enough capital to play at 500xbit if they win, but I'm sure with bitcoin price predictions it's not difficult, we just guess and wait for the results.

This is a very interesting contest.

[ScamViruS]

Don't miss it, I will also guess in this contest.

Maybe this is some opportunity for users to get a large enough capital to play at 500xbit if they win, but I'm sure with bitcoin price predictions it's not difficult, we just guess and wait for the results.

This is a very interesting contest.

I haven’t participated yet. It seems that I should participate in it. It is sometimes easy to predict the Bitcoin price, but it is not always possible because the market situation is such that it is not easy to predict anything from there.
Since 500xbit offers a chance to win something by predicting the price of Bitcoin, this opportunity created a way to view their website in more detail. I will try to join this contest. And if luck helps, maybe I can win something!

[xbitnuts]

Can we only bet on Bitcoin or can you also add more cryptocurrency or you would just stick with one currency? I do like BNB and Dogecoin by the way I think Dogecoin could be a good idea on your website not just because the fee is low but it was commonly used in online crypto gambling.

I am confident more of the top cryptocurrencies will be added. Mainly the ones with a lot of volume of trade. I couldn't tell you exactly when but stay tuned.

Deposit bonus is a good idea but the problem is it might be abused since you can easily create multiple accounts I think it can only be applicable to casinos and sports betting websites but probably they could have at least a trading competition on which users can have more wins something, they have existing leaderboard and maybe they can give rewards weekly to top 10 players and restart the leaderboard weekly or have an option to look monthly leaderboard, weekly and competition leaderboard.

Would love to give some deposit bonus but it is quite easily exploitable as you have mentionned as you can create accounts very easily since we have no KYC. I might add one for bitcointalk users that will give them back a certain $ amount for every X amount they bet but I prefer the idea of giving rewards according to a leaderboard (either top profit earners or top wagered traders). That is the one we have planned first for 500xbit.com to favour active traders. For now, you can stay tuned for giveaways/contests specifically designed for bitcointalk.org users like this one : https://bitcointalk.org/index.php?topic=5363672.0

 

[Chato1977]

Can we only bet on Bitcoin or can you also add more cryptocurrency or you would just stick with one currency? I do like BNB and Dogecoin by the way I think Dogecoin could be a good idea on your website not just because the fee is low but it was commonly used in online crypto gambling.

I am confident more of the top cryptocurrencies will be added. Mainly the ones with a lot of volume of trade. I couldn't tell you exactly when but stay tuned.

but at least the plan is enough for gamblers of crypto rely with.

because there are many gamblers here like me that usually uses altcoin than bitcoin.

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welcome to our humble forum guys , please stay active and provide more experiences to us.

[bunglor]

I mean using some special offers for us members, not available anywhere else.

There's this: 🚀 [FREE TO ENTER] Predict The Bitcoin Price - 250$ in prizes🚀Until Sunday 9pm

It's nice that they have something like this kind of games and rounds promotion but I think in order not to be abused they should at least ask users to place at least 1 bet and use the ID as a ticket in order to place prediction on their promotion, I think that's a good idea to control users with multiple account.

[xbitnuts]

It's nice that they have something like this kind of games and rounds promotion but I think in order not to be abused they should at least ask users to place at least 1 bet and use the ID as a ticket in order to place prediction on their promotion, I think that's a good idea to control users with multiple account.

That's a good idea but for now we will make it accessible for everyone Might switch it up for next time.

[RokokGudangGaram]

This is one of the good new gambling website that recently open, there's a lot of gambling sites that open recently but this website is the one that I mostly like your team is also active in giving promotions and considering the idea of the community. I wish you all the best and welcome again to the forum.

[tippytoes]

I remember the site bettler.io, but it is a pvp betting exchange site. So this one, you are betting against the house, which I think can gain more players. Because the problem with pvp is you need to wait for other players to show up. Here, you don't need to wait but bet against the site itself. Other additional alts to bet may also attract some players.

[LoyceV]

Its a casino with 2.5% house edge. lol

In some ways, you could say it is since we charge 2.5% for the 500x leverage but remember that the fee is 0.25% for 50x, 0.5% for 100x and 1% for 250x.

I don't think "house edge" is the appropriate term here, it sounds much better when you say you charge [a fee]. In the past hour, Bitcoin went up by $3k. If you're betting when that happens, it doesn't seem like a completely random outcome and might even give the player an edge.