Introduction
SX Bet is a non-custodial sports betting exchange. This means that your funds are either in your own wallet or in a "smart contract" which is a program that runs on the SX Network Blockchain.
Betting on SX Bet does require the creation of a user account with formal sign-up process. This is both for compliance reasons and to allow you to compete in SX Bet tournaments. The process is extremely straightforward and privacy-preserving. Confused? Read on!
Please note the entire sign-up process detailed below is made easy with automatic prompts on the SX Bet as you progress through each stage. The entire process should take less than 2 minutes. This document serves as backup in case you get confused or stuck on a particular stage.
What is a wallet?
A wallet allows you to interact with smart contract-based applications on the SX Network blockchain. You can store USDC, ETH, SX and other assets in your wallet. You will need one in order to bet on SX Bet.
Where can I get a wallet?
For the vast majority of users, we recommend creating a Fortmatic/Magic wallet. It is extremely simple to use, has great customer support and security, and allows users to use SX Bet on both desktop and on the mobile progressive web app. Note: there is no additional sign-up required to use Fortmatic/Magic, simply go through the sign-up process on SX Bet and you will be guided through the process of signing up for one.
If you're more comfortable with using SX Network apps and solely use SX Bet on desktop browsers, the browser extension MetaMask is another great option. Other wallets and browsers may "just work" but we do not officially support them yet.
You can also use mobile dapp wallets like Coinbase Wallet and Trust Wallet, which are mobile app that also allows you to use the desktop site by scanning a QR code to link the two together. (Note: this is a mobile app that is different than having a Coinbase.com account. Coinbase Wallet FAQ)
How do I fund my wallet?
Users can bet on SportX using either the DAI stablecoin or the Ether cryptocurrency (ETH). The Cashier page on SX offers a variety of options for users to fund their wallet.
There are multiple options for funding your wallet with crypto:
Fund USDC, WSX or WETH directly to your wallet address if you own them already
Buy USDC, WSX or WETH straight to your wallet with Coinbase
Convert USDC, WSX or WETH straight from your wallet with 0x
There are also multiple options for funding your wallet with fiat (i.e. dollars):
Buy USDC or WETH with debit/credit card using Moonpay (Global)
Buy USDC or WETH with interac e-transfer using Paytrie (Canada-only)
Buy USDC or WETH with bank transfer using Ramp (EU-only)
How do I sign up for a SX Bet account?
Once you've created a wallet and funded your account, you will be required to create a SX Bet specific user account. This requires you to input basic information including your nationality and date of birth, and the creation of an username that will be displayed in SX Bet tournament leaderboards. This part of the process takes less than a minute to complete.