How does the exchange rate work with buying into WPN tournaments which are in dollars (USD)?

Last updated: August 1st, 2014

When you buy in to a WPN tournament we will automatically use the current BTC/USD exchange rate to convert your bitcoin to the necessary amount of USD.

For example, let's say the tournament buy in is $100 and the current bitcoin price is $600 for 1 BTC. Also note that within Betcoin.ag 1 BTC = 1,000 chips.

So the buy in for this $100 WPN tournament would come to: $100 / $600 = 0.1666667 BTC which comes to 167 chips to buy in.

If a week later the price of bitcoin is $700 this same $100 tournament would be: $100 / $700 = 0.142857 BTC, or 143 chips to buy in.

We take care of this conversion automatically in realtime the moment you buy in to a WPN tournament and the moment you are awarded a prize from a WPN tournament.

1 Comment

Lmental: .....
Wed, 03/11/2015 - 13:50

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