BETDEX - Exchange and brokerage services

☆☆☆☆☆ 4.5/5

Online Since:

2021

Available payment methods:

Bitcoin, USDT, USDC, Sol, VISA/Mastercard

Minimum deposit and payout:

Depending on the method

Average payout time:

Fast

Withdrawal fees:

Free

Arbitrage and winning players:

Accepted

VPN Policy:

Accepted

Odds format:

Decimal

License:

Ireland no. 1020267 and Anjouan no.ALSI-092404022-FI2

Country Restrictions

Allowed

Restricted

BETDEX does not accept players from the following locations: USA, UK, Spain, France, Netherlands, Belgium, Australia, Russia, Ukraine, Belarus.

Players from all other locations are accepted.

BETDEX Review

BETDEX is a sports exchange that dates back to 2021, when the founders of the exchange, individuals associated with FanDuel (Nigel Eccles, Varun Sudhakar, Stuart Tonner), raised $21 million from investors to start operations. Among the investors who decided to join and finance the development of BETDEX were: Multicoin Capital, Paradigm, Solana Ventures, Lightspeed Venture Partners, Ryze Labs, Hack VC, Everyblue Management and FTX Ventures.

Betdex is a platform based on Solana’s blochain and running on the Monaco protocol. It was intended to be, and in fact is, a decentralized (in most aspects) sports betting exchange. BETDEX is licensed in Ireland, but also has an Anjouan license, making them available in most locations around the world. BETdex also offers a brokerage service for large players on their site. So you could say that they are in a sense not only an exchange but also a sports betting broker.

Their fees do not seem exorbitant, you could even say they are quite low by market standards. They don’t have any premium fees, and the only fee required is a 3% commission on winnings. This puts them in a pretty good position compared to other sports betting exchanges.

Interested in the specifics of Betdex? Read below.

Bonus

Betdex, like most other sports exchanges, does not offer any bonuses.

BETDEX brokerage service

Betdex also offers a brokerage service. After registering on the exchange, there is a link to the brokerage service at the bottom of the page. Once clicked, the player is taken to a short application form. After applying, one has to wait for approval. If we qualify (this is an offer for players with medium and higher turnover). We will be given access to contact the Betdex broker and can contact them to place the bet we are interested in. The procedure is very simple, after the request, we will receive an offer of the odds for this bet, after which, if approved, it will appear in the bookmarks with all other bets made in the classic way on the Betdex exchange. The main account will also be debited for the bet and winnings paid out.

Technical Support

There are no problems with communication with Betdex sports exchange technical support. The main channel of communication is live chat on the site. When you click on the chat icon, you have the option to choose a response by a bot and talk to a human. Other contact options are social media, such as discord, or email contact.

Registration

Registering at Betdex takes about a minute and is no different from registering at other exchanges or sports betting brokers. All you have to do is fill out a short registration form in which you provide basic personal information and that’s it, your account is registered and you can proceed to payments and betting. The only thing I don’t like is that when you click on the “registration” button, the form appears and you can’t turn it off. Even after leaving the page and re-entering, an aggressive message appears to complete the registration and you can’t move on. Admittedly, it’s not a big deal, but it can be a bit disruptive if someone just wants to look at their site and form.

FAQ

BETDEX FAQ

Does Betdex offer only sports betting?

Yes, BETDEX offers only sports betting. We won’t find other games like casino, poker or bingo here as it is on a large part of bookmaking sites in the industry. You can see that they focus only on betting and if there are any novelties in the offer it is only within sports (not to mention the technical issues of the platform, of course). This kind of specialization is quite positive for sports gamblers, thanks to this you can see that they focus on one topic and that’s their whole business. At the moment it doesn’t look like they are planning to introduce other services.

Does Betdex limit winning accounts and what is their approach to arbitrage players?

No, Betdex does not limit winning player accounts so you don’t have to worry about limits. High-turnover business models make it in the interest of the exchange to have the highest possible turnover, whether you win or lose. This is nothing specific to Betdex, it’s simply a feature of any sports betting exchange. The same is true for arbitrage betting, if you use this strategy, you can use their platform for this type of betting according to their terms and conditions. That is, without worrying about problems with account closure and other troubles that may (but don’t have to) occur with classic bookmakers when betting on surebets.

Is the 3% commission guaranteed?

Yes, the 3% commission on winning bets is the only commission Betdex charges. No other fees, including premium fees. So everything is readable and clear. There is one commission of a certain value. It doesn’t look like this is going to change in the near future. Even if the fees would increase, the exchange will certainly inform about it in advance. Although of course nothing can be ruled out, in the short to medium term this would be strange and would contradict the premise of a decentralized and low-cost exchange. In any case, for the time being let’s enjoy the low guaranteed commission.

Is it good to bet and trade on Betdex on mobile devices?

Yes, Betdex sports games work well on mobile devices, be it IOS or Android. It is a new project, which is intended to be and is modern. It would be very strange if they didn’t take care of such an obvious issue as the ability to place bets using a smartphone. Thus, the exchange website is entirely useful for such a form of betting and trading. In this way also made all other operations around betting, such as payments, contact with technical support, etc.