Depositing Funds

How Deposits Work

BeeNBet doesn't require traditional account deposits. Instead, you bet directly from your connected crypto wallet using Bitcoin, Ethereum, or other cryptocurrencies. This approach provides:

• No Custody Risk: Your crypto funds stay in your wallet
• Full Control: You control your private keys
• Instant Betting: No waiting for deposits to clear
• Lower Fees: No deposit/withdrawal fees

Supported Assets

Bitcoin (BTC)

• Primary Currency: Bitcoin is the main betting currency
• Transaction Fees: Required for all transactions
• Betting: Use BTC to place bets
• Withdrawals: Receive payouts in BTC

Ethereum (ETH)

• Secondary Currency: Ethereum for betting
• Fast Transactions: Quick confirmation times
• Betting: Use ETH to place bets
• Withdrawals: Receive payouts in ETH

Stablecoins

• USDT: Tether for stable value betting
• USDC: USD Coin for stable value betting
• DAI: Dai stablecoin for stable value betting

Getting BNB

From Exchanges

1. Buy BNB: Purchase BNB on a cryptocurrency exchange
2. Withdraw to Wallet: Send BNB to your wallet address
3. Verify Receipt: Confirm BNB is in your wallet
4. Check Balance: Ensure you have enough for trading

From Other Wallets

1. Transfer BNB: Send BNB from another wallet
2. Use Bridge: Bridge BNB from other chains
3. Swap Tokens: Exchange other tokens for BNB
4. Receive BNB: Get BNB from friends or services

From DeFi Platforms

1. Liquidity Mining: Earn BNB through DeFi protocols
2. Yield Farming: Generate BNB through farming
3. Staking Rewards: Earn BNB through staking
4. Trading Profits: Make BNB through trading

Wallet Setup

MetaMask Setup

1. Install MetaMask: Download from metamask.io
2. Create Wallet: Set up a new wallet or import existing
3. Add BNB Chain: Configure MetaMask for BNB Chain
4. Fund Wallet: Add BNB to your wallet

Trust Wallet Setup

1. Download App: Get Trust Wallet from app store
2. Create Wallet: Set up a new wallet
3. Buy BNB: Purchase BNB directly in the app
4. Connect to BeeNBet: Link your wallet to BeeNBet

Other Wallets

1. Choose Wallet: Select a BNB Chain-compatible wallet
2. Install/Setup: Follow wallet-specific instructions
3. Add BNB: Fund your wallet with BNB
4. Connect: Link wallet to BeeNBet

Adding BNB Chain

MetaMask Configuration

1. Open MetaMask: Click on the MetaMask extension
2. Go to Settings: Click on the settings gear
3. Networks: Select "Networks" from the menu
4. Add Network: Click "Add Network" button
5. Enter Details:
   • Network Name: BNB Smart Chain
   • RPC URL: https://bsc-dataseed.binance.org/
   • Chain ID: 56
   • Symbol: BNB
   • Block Explorer: https://bscscan.com/

Trust Wallet Configuration

1. Open Trust Wallet: Launch the Trust Wallet app
2. Go to Settings: Tap the settings icon
3. Wallets: Select "Wallets" from the menu
4. Add Wallet: Tap "Add Wallet" button
5. Select BNB: Choose BNB from the list of cryptocurrencies

Funding Your Wallet

Minimum Requirements

• Gas Fees: 0.01-0.1 BNB for transaction fees
• Trading Funds: Amount you want to trade with
• Buffer: Extra BNB for unexpected fees
• Total: Sum of all requirements

Recommended Amounts

• Beginners: 0.1-1 BNB to start
• Regular Traders: 1-10 BNB for active trading
• Large Traders: 10+ BNB for significant positions
• Gas Reserve: Always keep 0.1 BNB for fees

Funding Methods

1. Exchange Purchase: Buy BNB on Binance, Coinbase, etc.
2. Peer-to-Peer: Buy BNB from other users
3. DeFi Swaps: Exchange other tokens for BNB
4. Earned BNB: Receive BNB from staking, farming, etc.

Trading with BNB

Direct Trading

• Buy Shares: Use BNB to purchase market shares
• Gas Fees: Pay transaction fees in BNB
• Payouts: Receive winnings in BNB
• No Conversion: Trade directly without swapping

Stablecoin Trading

• Swap First: Convert stablecoins to BNB
• Use DEX: Use PancakeSwap or similar DEX
• Pay Gas: Still need BNB for gas fees
• Trade: Use BNB for trading

Gas Fee Management

Understanding Gas Fees

• Transaction Cost: Fee for each blockchain transaction
• Network Congestion: Higher fees during busy periods
• Gas Price: Amount you're willing to pay per gas unit
• Gas Limit: Maximum gas you're willing to use

Optimizing Gas Fees

• Timing: Trade during low-activity periods
• Gas Price: Use recommended gas prices
• Batch Transactions: Combine multiple actions
• Gas Tracking: Monitor network conditions

Gas Fee Examples

• Simple Trade: 0.001-0.005 BNB
• Complex Trade: 0.005-0.01 BNB
• High Congestion: 0.01-0.05 BNB
• Emergency: 0.05+ BNB

Security Considerations

Wallet Security

• Private Keys: Never share your private keys
• Seed Phrases: Store seed phrases securely
• Hardware Wallets: Consider using hardware wallets
• Regular Backups: Backup your wallet regularly

Trading Security

• Verify Transactions: Always verify transaction details
• Check Addresses: Ensure you're sending to correct addresses
• Gas Limits: Set appropriate gas limits
• Network Verification: Confirm you're on BNB Chain

Best Practices

• Start Small: Begin with small amounts
• Test First: Test with small transactions
• Keep Records: Track all your transactions
• Stay Updated: Keep your wallet software updated

Troubleshooting

Common Issues

• Insufficient Gas: Add more BNB for gas fees
• Wrong Network: Ensure you're on BNB Chain
• Transaction Pending: Wait for confirmation
• Wallet Not Connected: Reconnect your wallet

Getting Help

• Support Email: support@beebbet.io
• Discord: Join our community Discord
• Documentation: Check our troubleshooting guides
• FAQ: Common questions and answers

Ready to Trade?

Once you have BNB in your wallet:

1. Connect Wallet: Link your wallet to BeeNBet
2. Check Balance: Verify you have enough BNB
3. Browse Markets: Find interesting prediction markets
4. Place Your Bet: Start trading on events

Remember: You need BNB for both gas fees and trading. Make sure you have enough for both purposes.

Ready to start trading? Learn how to place your first bet!