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