Gambling is taking more and more center stage when it comes to metaverse technology, and projects such as MetaBet (MBET) are moving quickly to get in on the action. Operates as a software company that creates technologies for sports betting in the metaverse and with the benefits of blockchain. In this guide, we are going to discuss the project, and its background and provide you with a handy step-by-step guide on how to purchase it.
What is MetaBET?
Founded by Benn Gurton and chaired by CEO and co-founder Mark Philip, MetaBET was first launched in January 2019. As stated by its official website MetaBET hopes to bring the technical experience of its team to meet the demands of the emerging challenges of the ever rapidly expanding metaverse/cryptocurrency market. Aiming to create the software and hosting protocols necessary for creating a ‘professional, trustworthy and user-friendly’ virtual platform for gambling.
This project uses blockchain-based solutions to create a suite of engagement tools that allow the integration of live sports betting, poker, and other gambling protocols, already seen in elements such as iGaming. With road mapped aspirations to host celebrity gaming/poker tournaments as well as sleek, easy to use online casino metaverse spaces.
On the technical level MetaBETs native token MBET operates off the ERC20 standard and is found on the Binance Smart Chain Mainnet.
Step 2: Buy MBET with Fiat Money
As soon as your funds appear in your TrustWallet account, you can move to trade these funds for some ETH. To begin, open the TrustWallet app and select the trade tab. Choose ETH, then enter the amount you want to buy and hit the ‘trade’ button.
Several cryptocurrency exchanges, such as TrustWallet, CryptoWallet, or TrustWallet, will provide you with a range of price charts, trading tools, and other live market data when you use these types of crypto financial services. It’s a good idea to pay close attention to these helpful tools since they may help you make better financial decisions if you use them appropriately.
There will be a little confirmation wait after you’ve finished the transaction, which is normally approximately 30 minutes but might be a bit longer depending on trading traffic. The quantity of ETH in your TrustWallet app will be shown, as well as any remaining fiat funds on the screen after that.
Step 3: Transfer MBET to an Altcoin Exchange
MBET isn’t found on the major exchanges, instead, you’re going to have to fund your way over to ShibaSwap and search out the ETH/MBET trading pairs.
Once you are at ShibaSwap, you’re going to have to connect your TrustWallet to the exchange. To do this, select the ‘connect wallet’ function in the top right corner of the ShibaSwap main page and follow the onscreen instructions.
Once linked, search out the trading pair ETH/MBET, it’s possible you may have to import the address for MBET directly into the exchange. This address can be found here at Coinmarketcap. Be careful when importing addresses for wallets or trading pairs, to ensure no mistakes or lost funds occur.
After you’ve done all that, select the amount of ETH you wish to trade for MBET and select trade.
Last Step: Store MBET Securely
Well done! You now have some of your very own MBET.
Now that you have some of your very own MBET, you may be thinking about what to do with it. So you’ll need to consider a wallet system. Although your possibilities for MBET are quite limited, it is still worthwhile to look around. Your main alternatives will be TrustWallet and MetaMask.
So, on ShibaSwap, click the “Connect to a wallet” button in the upper right corner of the screen. Select TrustWallet from the drop-down menu, then follow the onscreen steps. Select ‘switch network’ from your TrustWallet Wallet after it has opened. You should now be able to transfer your funds from ShibaSwap to your TrustWallet account.
CryptoWallet, as previously mentioned, provides a number of wallet services as well as a high level of security; while it does not presently host MBET, it does host a variety of other coins and services. Therefore CryptoWallet might be a provider to keep an eye on in the future.
Other Useful Tools for Trading MBET
Even if we are not licensed to provide you with trading or financial advice, we can give you a short summary of some of the tools available on most exchanges that, when used correctly, may assist you in making the best economic decisions with your funds.
The On-Balance-Volume (OBV) indicator is a commonly used and very straightforward instrument that displays both positive and negative volume movement, as well as the trend’s value direction.
The Average Directional Index (ADI) is another simple indicator that informs traders about the strength of a supply or demand trend. The asset’s movement intensity might help you figure out how often lengthy motions occur.
Traders use a Stochastic Oscillator to watch the price of an asset over time and in relation to a certain event, giving them better insight into the movements of a potential trade.
Can I buy MBET with cash?
Unlike other cryptocurrencies, MBET tokens cannot be purchased with fiat currency. Instead, you might purchase an existing cryptocurrency such as MBET, Bitcoin, or Ethereum, and then swap it for the altcoin you desire on an altcoin exchange. Look at the directions above to figure out how to do it.
Are there any quick ways to buy MBET in Europe?
When compared to other cryptos, purchasing MBET may appear to be a bit more difficult. However, if you read through our offered instructions, we can lead you through each step and this guide is suitable for those in the EU.
Are there any alternative platforms to buy MBET or Bitcoin with credit cards?
Unlike other cryptocurrencies, MBET cannot be purchased using fiat currency. Instead, you might purchase an existing cryptocurrency such as Bitcoin, or Ethereum, and then swap it for the altcoin you desire on an altcoin exchange. To discover how to achieve this, go to the instructions above.
Bitcoin however can be purchased with a credit card by registering on a crypto exchange that hosts this service. eToro, for example, is one such provider of this service.