1. Why is the fee taken from the matched amount and not from the net profit like other exchanges?
2. Why am I unable to see the amounts in the "view market"?
3. It claims that some BTC addresses are invalid even though they clearly are not.
4. Your signature claims "instant bets" even though as far as I understand bets have to enter the blockchain (a matter of minutes) first.
Thank you for your interest in XBet.IO.
As you can see, we are now quite busy but we will gladly answer any questions you may have after we are finished integrating the new feature.
You have asked valid questions and we will address them in order:
1. The fee structure is embedded inside the counterparty technology we are using to keep users' funds safe in the protocol's escrow. The 1% fee is considerably lower than standard betting sites.
2. We are working on improving that display, We will update shortly.
3. We have received another report on this issue from another user but none of our tests has shown any problem with BTC addresses. Please PM the address you were using and we will take care of it.
4. In XBet.IO, bets are settled publicly on the blockchain. For that reason, only after one confirmation bets are considered valid by the Counterparty network. Normally, if a user has XCP, it can place a bet immediately from its own wallet. On XBet.IO, we have developed a system that allows users to make a bet just as fast using BTC. We have been able to cut down the delay and make it as fast as one block from the moment the BTC deposit is made, until the moment the bet is placed on the blockchain. From the user's perspective, a bet takes only seconds to make, and all the heavy lifting is made "backstage" by XBet.IO.