How to Sign Up for SX Bet (Detailed Guide)

Start betting peer-to-peer on the world's largest web3 sports & crypto prediction market

Step 1: Sign up for SX Bet by connecting your MetaMask or via Email

Email (Fortmatic)

You will receive a 3 digit number & confirmation email. Enter the 3 digit number to confirm your login.

MetaMask

Confirm connection when prompted in MetaMask.

*if you are using a mobile device sign up via email.

Step 2: Complete Verification

You may start betting once basic verification is complete, though we recommend completing enhanced verification so you gain access to the new sign up offers like the $20 Free Bet and $1,000 New User Bonus.

*some regions are unavailable

Step 3: Funding your Wallet with USDC

There are several ways to fund your wallet with USDC. You can purchase via PayTrie (Canada) or Moonpay on SX Bet, or you can fund through a crypto exchange.

Using PayTrie or MoonPay

First, click on the "Deposit" or "Get Crypto" button on SX Bet:

PayTrie (Canada)

For Canadians, you can purchase USDC directly onto SX Network Blockchain via Interact Transfer.

MoonPay

With MoonPay you can buy USDC via credit card onto Polygon Blockchain.

You can see which assets are on which chain on your assets page.

Using a Crypto Exchange

What exchange you will use depends on your location but some popular crypto exchanges include CoinBase, Kraken, Crypto.com, Binance and eToro.

Once you've purchased USDC through a crypto exchange, send funds to your betting wallet. We'll run through an example on using Coinbase.

1. Click on the "Deposit" or "Get Crypto" button on SX Bet and copy your Deposit Address.

2. Click "Send" from your desired crypto exchange, paste in your Deposit Address, amount you'd like to send, and confirm the transaction. You can keep the default setting as Ethereum Network.

3. Select self-custody wallet - both MetaMask and email (Fortmatic) are self-custody wallets. Meaning, you stay in control of your funds. Confirm the transaction.

*if you're using Ethereum we recommend purchasing some ETH on Ethereum Network for when you want to sell your crypto back into fiat currency.

Step 4: Bridge Your Funds to SX Network

1. Use the bridge on SX Bet to move funds from Ethereum, Polygon, or Arbitrum to SX Network. Enter the amount desired and confirm the transaction. There is a $1 fee for the transaction.

• When you bridge your funds to SX Network you will recieve a small amount of SX Token for gas so you can swap tokens. We suggest swapping a small amount your USDC for SX and WSX (wrapped SX)

• If you need SX for gas, please message support and we will send you some.

*if you have USDC on Arbitrum you can bet directly from Arbitrum chain. Learn more about betting from Arbitrum chain.

Step 5: Start Betting!

SX Bet is a peer-to-peer betting exchange so you can take odds like a you would a regular sportsbook by placing a Market Order or offer offer odds to other users by placing a Limit Order.

Let’s use the Los Angeles Dodgers vs. San Diego Padres game as an example to explain the difference between market and limit orders on SX Bet. Click into the market to pull up the order book.

Market Order

A market order is when you want to place a bet immediately at the best available odds. Think of it like buying a candy bar at the store: you see the price, you like it, and you buy it right away.

Example:

• You want to bet on the Dodgers to win.

• The current best odds for the Dodgers are 2.23.

• You place a market order, and your bet is matched instantly.

Limit Order

A limit order is when you set the odds you want and wait for someone to match your bet. It’s like telling the store, "I will buy this candy bar, but only if you sell it to me for $1 instead of $1.50," and then waiting until someone agrees.

Example:

• You think the odds for the Dodgers to win should be higher than 2.23.

• You place a limit order to bet on the Dodgers at 2.24.

• Now you wait for a match.

Because you have to wait until someone else thinks those odds are good enough and agrees to take the other side of your bet, there is a chance your offer might not get matched.

• You can see your order pop up in the order book on the San Diego side.

• Limit Orders can be cancelled prior to them getting matched.

• If your Limit Order is not matched your funds are returned.

• You can manage your bets my going to the Portfolio page
  

Step 6: Own the Platform

One of the most exciting facets of SX Bet is community ownership and earning potential. Users have the power to vote on governance proposals that shape the platform while also earning by staking SX Token.

1. Swap to get WSX (wrapped SX) and SX (for gas) on the Swap Page

2. Go to the Staking page

3. Choose a validator and enter the amount you would like to stake

4. Click Approve to approve the transaction, then click Delegate to delegate your WSX to your chosen Validator (Learn more about choosing a Validator)

5. Claim your rewards! You can also choose Compound Yeild to re-stake your rewards.

• Once you've staked your wrapped SX tokens, you’ll have the ability to vote in governance proposals, earn daily rewards, and participate in the community chat box.

FAQ

Q: How do I "withdraw" or "Sell" my crypto back into fiat currency

A: Bridge your funds back to Ethereum, Polygon or Arbitrum and sell your crypto on an exchange. If you are in Canada you can also sell through PayTrie. Check out the full guide.

Q: I use MetaMask but like to bet on my Mobile device, what should I do?

A: Create your SX Bet account with an email address (Fortmatic) and import your private key into MetaMask. Check out the full guide.

Q: Is there Live Betting on SX Bet?

A: Yes! SX Bet offers live sports betting on various sports including American Football, Basketball, Baseball, Soccer and more.

Q: Does SX Bet limit or ban sports bettors?

A: No! Unlike some traditional sports books where you bet against the house, everything is peer-to-peer so we do not ban or limit bettors. Winners are welcome here. You may choose to self-exclude, as we want to support safe and fun betting environment.

Q: How is SX Bet different than other crypto sports betting sites?

A: SX Bet is built on a blockchain and is a true web3 sports and crypto betting exchange featuring some of the best sports betting odds in the world.

Here are some key differences:

• All bets are peer-to-peer

• All transactions are on-chain and verifiable on the SX blockchain explorer

• SX is community owned, users are owners and have opportunity to vote

• SX is non-custodial, meaning your funds are not deposited onto the platform, they stay in your wallet. You keep control of your crypto.

• No bans or limits on winning bettors.

• If you want to get large bets ($2,000-$50,000) we offer OTC. Message support and we will coordinate with our network of market makers to get you the best pricing on large volume bets. No charge - we're here to help bettors.