Post
Topic
Board Gambling
Re: 🎲BetFury.io|🤠Crypto Rush for 50 000 000 BFG | $100 000 Grand Lottery💸
by
maydna
on 01/07/2023, 13:13:45 UTC
Exchange like Betfury cannot set a price except when it is first traded as a base price, this is an old concept when there is a difference price between one exchange and another, the trader automatically adjusts it to arbitrage. Just try to pay attention to the prices on each exchange, if you find a price difference then you can get another advantage of course it needs some consideration and as traders they know what things need attention Smiley I checked Coinmarketcap and the Betfury exchange is not listed there yet so you can monitor it.
The exchange feature on Betfury is more like an internal exchanger rather than a full-fledged DEX. So I wouldn't expect coinmarketcap to add data about Betfury's exchanger as Betfury has no information about the daily trading volume and liquidity for each trading pair. As for arbitrage, I think it's possible, but it's clearly not a good idea. At least, it seems to me that Betfury can ban a user's account if they detect that the user is using the Betfury site for arbitrage instead of gambling.
Seeing the exchange inside Betfury reminded me of one of those closed casinos. It gives users the freedom to convert their coins into other coins, which will be up to them. It's normal if we find a price difference between the exchanges on Betfury and other exchanges. And that's okay because we can still use the exchange if we want to. Gamblers can bet and get wins first, then convert them to the coins they want.