There are no withdrawal or deposit fees on our platform. Only minimal Ethereum network fees for interacting with the smart contract, typically ranging from $1 to $5, depending on network conditions.
May I ask you why you have chosen Ethereum? Instead of a layer2 network or an EVM compatible blockchain with lower fees and faster transactions like most Defi platforms are doing nowadays? The code would have been the same or almost exactly the same. Paying $5 to place a bet is not cheap at all sadly. I think you would attract more people if you were able to offer a true DeFi Betting Exchange with almost no transaction fees.
Hi, happy to answer. We do not use the Ethereum chain for processing the bets, but a custom chain with fees as low as it can get: about 0.0001 USD per transaction. To transfer assets to this chain you must use a bridge. Solutions to bridge assets exist for Bitcoin and Ethereum so far. Network fees for both are usually below 5 USD per transaction. It would be very easy to accept assets from other EVM chains, like Polygon or Arbitrum. If there is demand for it, let us know.