SX.bet
Year established: 2020
Mobile compatible: Yes
Jurisdiction: Curacao
Overall rating: C-
Recommended: For professional players (Blockchain Betting Exchange)
SX.bet Review
SX.bet makes peer-to-peer trading on sporting and political events more fair using the Ethereum public blockchain. In the process, they hope to bring cryptocurrency and smart contract-based protocols to the mainstream. With their industry-low fees, fun tournaments, and unique non-custodial exchange technology, you can set your own odds and trade against others with confidence. Sports betting should be priced like a commodity, because it is one.
Unlike other sports betting platforms, your funds are protected and payouts are guaranteed. Players bet directly from their cryptocurrency wallet, while wagers are held in escrow by smart contracts until a winner is determined. No delays, no partial payments. You get your winnings in your wallet when you win.
Powered by the Ethereum-blockchain and built on the SX.bet smart contract protocol, they avoid the risks of vulnerable, manipulable in-house servers. This means security is greatly enhanced thanks to the blockchain being spread across thousands of nodes worldwide.
SX.bet is run by a team of passionate sports betting fans and Ethereum blockchain advocates. They believe that by bringing the latest technology to the sports betting world, they can offer their players the best user experience. The SX.bet platform doesn’t require deposits, pays out instantly, with publicly verifiable code.
Advantages:
– Blockchain Betting Exchange;
– Offers anonymous peer-to-peer betting;
– Trade market movements, not just the Sport;
– Ability to make lay bets and to trade in-game:;
– Quite high limits for major sports;
– No betting limits, better odds;
– Instant deposits/withdrawals.
Disadvantages:
– No bonuses and promotions;
– Needs more sports betting markets;
– Low market liquidity, particularly during in-play betting;
– A limited number of bet types;
– Poor payment options.
Payments:
SX.bet supports betting in WSX, USDC or Ether (ETH). USDC are cryptocurrencies pegged 1:1 to the U.S. dollar, meaning 1 USDC = $1.00. The SX Token (wrapped version – WSX) can be staked to earn daily staking rewards, reduce betting fees and participate in governance.
*Keep in mind to double check information. Be prepared for changes to restricted countries, bonuses, currencies, deposit and payment options, languages, contact info.
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