[poorbot.io] | Exchanger for Stake - fast, cheap, simple, 0.8% fee

[Bitinity]

I do not see your exchange at two websites.
https://kycnot.me/
https://orangefren.com/

You can pull a request to those website teams and ask them to consider listing your exchanger there. If they agree to list your exchanger, it will be a good marketing for your business.

Poorbot is not like common exchanger you can find out there in the market, it is just an exchanger that can be used in one specific casino at the moment. The main purpose is to offer exchange service for Stake players only, means that anyone without Stake account will not be able to use this exchange service. No one will create a Stake account just to use this service because once player try to use it, Stake may do something. I do not think they need to be on such list.

Could I know why this thread is in Gambling, even I see connection to Stake?

Simply because this exchange is mainly targeted to Stake players only, the same as dinabot which has their ANN thread in this gambling board. This is the right board only for their services.

[joniboini]

If you post your BTC tip publicly, someone could enter the site and fill out the form, "on your behalf", and exchange it to ETH instead, since there's no other (practical) way to validate whose tip it is. A possible "attacker" would gain nothing from this but just annoy people.

Ah, I see. Is there no plan to add a verification or something similar to prevent it? I guess the user can simply never post it publicly, but it would be interesting if there was an additional check before somebody made the transaction even in private. I guess that's doable with account registration or something similar, although it would reduce the user experience. I can see people abusing this to discourage using your service, at least publicly since they'd need to do multiple transactions to convert it to the right coins if they fall to such an attack.

[xLays]

Your exchanger is no registration, no KYC.

I do not see your exchange at two websites.
https://kycnot.me/
https://orangefren.com/

You can pull a request to those website teams and ask them to consider listing your exchanger there. If they agree to list your exchanger, it will be a good marketing for your business.

Could I know why this thread is in Gambling, even I see connection to Stake?

Man don't be obvious that you're not reading and not understanding the OP. I think you just read the title and post a reply right away. This  isn't an exchange that what you're thinking. Bitinity already explained it so I don't have too. Now you're promoting this service in signature space I think its time to understand what service you're promoting. Just my two cents.

[pakhitheboss]

Snip..

Thanks poorbot, for the explanation of how the bot fuctions. I was not sure about it in the beginning and that was the reason I asked such a naive question. I know Stake does not have a cryptocurrency swap facility and this bot will come in handy.

I have another question apart from Stake, any plans to integrate other casinos? There are a couple of big names who have their ANN already in the forum and there are many users from the forums that are active on those platforms who use Bitcoin for gambling.

I am planning to use your bot as I do have an account on Stake and occasionally use it for sports betting. I have a small balance like you mentioned on it and I might use those Satoshis for conversion to another crypto to use them on another platform that I am promoting.  

[rodskee]

A new type of service providing for stake site , and already having their advertising in this
forum? nice entrance mate you are going good with that attitude so Welcome in this great forum and
wishing you a long business with extension of having other casino offering not concentrating in
Stake.com only.

Signature campaign is now live for those who might be interested in joining. Looking for only hero or legendary members currently https://bitcointalk.org/index.php?topic=5479483.msg63398391#msg63398391

Hope that the team will consider hiring low ranking members  in the future but for now congrats
for having new management , and hope will have more in the coming days.

[Fivestar4everMVP]

If you post your BTC tip publicly, someone could enter the site and fill out the form, "on your behalf", and exchange it to ETH instead, since there's no other (practical) way to validate whose tip it is. A possible "attacker" would gain nothing from this but just annoy people.

Ah, I see. Is there no plan to add a verification or something similar to prevent it? I guess the user can simply never post it publicly, but it would be interesting if there was an additional check before somebody made the transaction even in private. I guess that's doable with account registration or something similar, although it would reduce the user experience. I can see people abusing this to discourage using your service, at least publicly since they'd need to do multiple transactions to convert it to the right coins if they fall to such an attack.

I do not know if this have been suggested by someone else  before, but what I did say is, why have the option of either to post the tip publicly when it is strongly advised against?

I mean, if the op doesn't want users to post their exchange request publicly, as it could be hijacked by some random person for whatever reason, why include that option on the exchange form?, they could have just removed it and this will make sure that every exchange request coming from the poorbot will be posted privately which no chance of anyone mistakenly, or out of curiosity, posting or making the request public.

I may need a bit of explanation on this, if non have been given before, what are the possible benefits of posting an exchange request publicly?

[ajiz138]

I haven't used this service before, because from what I know it's the first time I've seen this offer on a forum.

Does this mean that this is specifically for stake.com users? I very rarely play at the casino because it is often in other casinos, but if you in the future include many casinos like this then I'm sure this service will continue to be crowded with visitors even though you say only focus on stake.com.

Well if there is time to go back to playing at stake casino, then I will try this service.

[Fivestar4everMVP]

I haven't used this service before, because from what I know it's the first time I've seen this offer on a forum.

Does this mean that this is specifically for stake.com users? I very rarely play at the casino because it is often in other casinos, but if you in the future include many casinos like this then I'm sure this service will continue to be crowded with visitors even though you say only focus on stake.com.

Well if there is time to go back to playing at stake casino, then I will try this service.

For now, poorbot service seems to be only targeted at Stake users, possibly because Stake has one of the most active users possibly in their millions.

But then, just like you, I have also thought about this service extending to other online casinos as well, since we have alot of online casinos that don't bother implementing a swap or exchange service in their system aside from Bc.game which already have their own in-built swap service for their users.

So, I personally would also love to see this service extended to other casinos as well, but like we all know, the service is just starting here and with Stake, the kind of success they record or achieve while providing for Stake users might be the determinant to whether they will extent same service to other casinos in the near future.

[Taskford]

I haven't used this service before, because from what I know it's the first time I've seen this offer on a forum.

Does this mean that this is specifically for stake.com users? I very rarely play at the casino because it is often in other casinos, but if you in the future include many casinos like this then I'm sure this service will continue to be crowded with visitors even though you say only focus on stake.com.

Well if there is time to go back to playing at stake casino, then I will try this service.

For now, poorbot service seems to be only targeted at Stake users, possibly because Stake has one of the most active users possibly in their millions.

But then, just like you, I have also thought about this service extending to other online casinos as well, since we have alot of online casinos that don't bother implementing a swap or exchange service in their system aside from Bc.game which already have their own in-built swap service for their users.

So, I personally would also love to see this service extended to other casinos as well, but like we all know, the service is just starting here and with Stake, the kind of success they record or achieve while providing for Stake users might be the determinant to whether they will extent same service to other casinos in the near future.

It's undeniable that there's a lot of Stake users around the globe that's why they target them so that those people could think about that there is an exchanger exist that focusing to do business with them. For sure there's also gambler which usually play on other casino seeking some service like this and if they could just add the other popular casino or maybe make it as free to all exchanger then provably maybe they get a best result for that.

For now lets see how they can go well since if they can satisfy those people who want to test out their site then provably they can earn some good reputation from that. So they should focus to market well their site so a lot of people could able to notice the existence of this new exchanger.

[seoincorporation]

This is an awesome Bot, even it's too good to be real.

But I have some bad news, this is not legal because it breaks some stake rules. There is a reason why they don't have the exchange/swap feature, and that's because they need a license to operate a service like that, but since that's not their business they will not implement it.

Now, the fact that you come as a third party service provider they can close your account for breaking the Anti-Money Laundering, Coin Mixing Policy and some other rules in their TOS:

7. DEPOSITS

7.5 You should only deposit money into Your account for the purpose of You using such money to place bets/wager on the Website. Stake is entitled to suspend or close Your account if we reasonably believe that You are depositing funds without any intention to place sporting and/or gaming wagers. In such circumstances we may also report this activity to relevant authorities.

7.12 Funds cannot be transferred from your Stake Account to the Stake Account of another Player.

8. WITHDRAWALS

8.3 All withdrawals must be done through the same payment method chosen by you when placing a deposit, unless we decide otherwise or are unable to do so. If you deposit using a number of payment methods, we reserve the right to split your withdrawal across such payment methods and process each part through the respective payment method at our discretion and in accordance with anti-money laundering policies and regulation.

16. FAIR USE

16.1 The Website and Services may only be used for recreational purposes by placing bets and wagers on events and/or gaming products.

17.4 You are not permitted to:

c) enter, access or attempt to enter or access or otherwise bypass Stake’s security system or interfere in any way (including but not limited to, robots or similar devices) with the products or the Website or attempt to make any modifications to the software and/or any features or components thereof;

I mean, i really like this service, and i think you should talk with Stake and wait for their approval before they decide to close down the operation. so, good luck with the service.

[ryzaadit]

-snip-

I don't think (Stake) will approved.

Or they don't simple care about these, they will always answer you (Not recommended using these service, for safety purpose). However, these service is just based (Trust) can be running without needed approval from the casino.

But, keep in mind you should know the risk and worst scenario (getting scam, or the service is running). My advice, just exchange the lowest amount you can afford.

[ajiz138]

For now, poorbot service seems to be only targeted at Stake users, possibly because Stake has one of the most active users possibly in their millions.

Yes, stake.com has a large number of users, and I think many people have stake accounts even though they rarely play there. so their target market is loyal stake.com users.

Now, the fact that you come as a third party service provider they can close your account for breaking the Anti-Money Laundering, Coin Mixing Policy and some other rules in their TOS:

....

I mean, i really like this service, and i think you should talk with Stake and wait for their approval before they decide to close down the operation. so, good luck with the service.

Now this is a concern in the future, when some users have started to like this service because they often continue to do it, suddenly stake.com finds out about this service without permission, it could be that the casino will close its account and expand to other users, maybe? This is my own thought, but I'm sure this party has another statement.

Although I like this kind of service.

[poorbot]

Ah, I see. Is there no plan to add a verification or something similar to prevent it? I guess the user can simply never post it publicly, but it would be interesting if there was an additional check before somebody made the transaction even in private. I guess that's doable with account registration or something similar, although it would reduce the user experience. I can see people abusing this to discourage using your service, at least publicly since they'd need to do multiple transactions to convert it to the right coins if they fall to such an attack.

Hi, that would be some extra work for users, but it might be possible to add that option, along with no registration exchange. However as I explained this is a very rare case and shouldn't cause issues. Thanks for your suggestions!

I have another question apart from Stake, any plans to integrate other casinos? There are a couple of big names who have their ANN already in the forum and there are many users from the forums that are active on those platforms who use Bitcoin for gambling.

Thanks for your comments! Unfortunately I'm thinking to stick with Stake for now.

I do not know if this have been suggested by someone else  before, but what I did say is, why have the option of either to post the tip publicly when it is strongly advised against?

I mean, if the op doesn't want users to post their exchange request publicly, as it could be hijacked by some random person for whatever reason, why include that option on the exchange form?, they could have just removed it and this will make sure that every exchange request coming from the poorbot will be posted privately which no chance of anyone mistakenly, or out of curiosity, posting or making the request public.

I think this is just getting overcomplicated just because that info message was put there.
Someone who sees your tip to Poorbot can do that thing we're talking about (even though they'd gain nothing and just be a nuisance). Private tip to Poorbot completely eliminates that "issue".
The option in the form is for Poorbot's tip to you, and that is completely fine. Some people like to make it publicly shown and some not.

With Dinabot for example, you need to create an account, and then verify it's yours by tipping it a random amount. It's extra work. Poorbot requires no registration.

But I have some bad news, this is not legal because it breaks some stake rules. There is a reason why they don't have the exchange/swap feature, and that's because they need a license to operate a service like that, but since that's not their business they will not implement it.
...
I mean, i really like this service, and i think you should talk with Stake and wait for their approval before they decide to close down the operation. so, good luck with the service.

Hi, thanks for your concerns, but it doesn't break the rules. This works by tipping feature, in order for an user to have a usable balance on Stake, they must complete their KYC process anyways, and exchanges are sent back to the same user, so there's no concern about that.
Regarding the Fair Use part, I've already been in contact with relevant people from Stake and they are aware of the bot already. Of course they cannot vouch for it, or "approve" it officially, for obvious reasons. As long as the bot works as expected, they have said there should be no issues. The relevant processes has been completed on the bot account also.

[Wapfika]

I’m not sure if this question is already asked so just forward me the answer if there’s already existing one.

I’m not a regular Stake player but my concern is how do you deal with account that commit violation of terms such as bonus abuse? Since you are not affiliated with Stake, is there any incident that accounts was linked to the other one just because they use the bot? I’m referring to the potential connection of account with violation to regular gambler that both use the bot at the same time.

[ryzaadit]

-snip-

Or, perhaps in the future (Stake) seeing these services have such a big transaction.

Due to that, they created an exchange service on (Stake) with around a fee 2-5% on their casino. After that, the service provider will be closed by their own due stake already having their exchange system without blocking the the account.

IMO, no need to block but take these as the suggestions for casinos for their service.

-snip-

Nope, there is no correlation with these. It's just tipping (Multi-account based on device + IP) meanwhile bonus abused is based season each individual activity.

[poorbot]

I’m not sure if this question is already asked so just forward me the answer if there’s already existing one.

I’m not a regular Stake player but my concern is how do you deal with account that commit violation of terms such as bonus abuse? Since you are not affiliated with Stake, is there any incident that accounts was linked to the other one just because they use the bot? I’m referring to the potential connection of account with violation to regular gambler that both use the bot at the same time.

Hi, thanks for your interest, bonuses are given based on their KYC processes and own considerations, and there is no limitation to tip other users or withdraw the bonus immediately. So using the bot wouldn't give users any advantage for abusing bonuses.
Bot always sends the tips back to sender, minus fees if exchanged, or the same amount & currency if it wasn't exchanged for 2 hours. And Stake is aware of the bot, so it should be fine.
I personally play on Stake as well with my personal account, and I've made it clear to Stake the bot will not claim any bonuses, has all promotion and rain etc. features turned off.

...
Or, perhaps in the future (Stake) seeing these services have such a big transaction.

Due to that, they created an exchange service on (Stake) with around a fee 2-5% on their casino. After that, the service provider will be closed by their own due stake already having their exchange system without blocking the the account.
..

Thanks for your comment, you've explained it really good. Yep, if they decide to add a swap/exchange feature themselves, well, goodbye Poorbot

[dzungmobile]

Bot always sends the tips back to sender, minus fees if exchanged, or the same amount & currency if it wasn't exchanged for 2 hours. And Stake is aware of the bot, so it should be fine.

Do I miss that tipping is not an on-chain transaction and it is more like a credit to an account?

Later when a user submits a withdrawal request, the casino will check and approve it, then if the withdrawal request is accepted and proceeded, it's time for an actual on-chain transaction, then we will talk about transaction fee here.

I personally play on Stake as well with my personal account, and I've made it clear to Stake the bot will not claim any bonuses, has all promotion and rain etc. features turned off.

It's your good approach to keep your account safely.
What did cause you to name the bot like Poorbot, but not Richbot?

Gamblers want to be rich, not poor.

[poorbot]

...
Do I miss that tipping is not an on-chain transaction and it is more like a credit to an account?

Later when a user submits a withdrawal request, the casino will check and approve it, then if the withdrawal request is accepted and proceeded, it's time for an actual on-chain transaction, then we will talk about transaction fee here.

I meant the exchange fee, which is 0.3% right now. Gotta make some bread

What did cause you to name the bot like Poorbot, but not Richbot?

Gamblers want to be rich, not poor.

My personal account on Stake has username starting with "poor...", so I kinda used that, and thought it'd catch some attention & be funny!

[notblox1]

Thanks for your comment, unfortunately at the moment I'm thinking about continuing with Stake only

Since you will send the bot a tip from Stake, there are no fees on that, and for actual exchange bot uses its own liquidity.
Given that it's used mostly for small amounts, handling that is not much of an issue

$500 is not such a small amount for some people, but maybe you dont see tips that high so often 
So let me see if I understand correctly, you are using your Stake account for accepting tips from other Stake customers, and then you later exchange coins you received for different coins, with small fee.

[poorbot]

$500 is not such a small amount for some people, but maybe you dont see tips that high so often 
So let me see if I understand correctly, you are using your Stake account for accepting tips from other Stake customers, and then you later exchange coins you received for different coins, with small fee.

Yeah, I wanted to still keep it a bit high, but usually exchanged amounts are smaller than that. Above that it makes much more sense to use a "real" exchange
Yes, it receives tips, and sends back in another currency. When balances reach or drop to a certain amount, I deposit or withdraw, keep it balanced.