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.

3 Comments

lmental79: .....
Wed, 03/11/2015 - 13:50

.....

Blindme: It seems to me that it would
Mon, 07/03/2017 - 15:58

It seems to me that it would be a hell of a lot easier to convert to bitcoin for the prize payouts.
Then having to explain over and over to customers that you payout in USD even though they buyin at a bitcoin price. It seems like something you could easily adjust since you already have buyin set at bitcoin.
So it leads me to think this is done on purpose, this post is from 2014 that I was pointed to and nothing has changed. All I need to know about visual optics.

theBatmann: you said it right
Mon, 08/27/2018 - 06:53

the site only deals with crypto but the prizepool and buyins are in USD. because they share with the poker network that is what they answered me. i love playing the freeroll to just have a little runtest on the game here on betcoin but after i made it to the final table and finished in 5th place then it automatically converted to btc i just felt i have been ripped off.. when i buy 2USD worth of BTC im getting atleast 0.00027 - 0.0003BTC but the prize for 5th place is 0.95USD it only gave me 0.000014btc lol like that's only 1USD barely

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