MoneyPot: Safe & Secure Versatile Cryptocurrency Web Wallet?

With the increasing popularity of many alt currencies like Bitcoin, Ethereum, Litecoin, it is important for investors to store their digital assets in secure wallets that have been encrypted via the use of latest safety mechanisms (especially if one possesses large crypto quantities). MoneyPot in its core sense is an “e-wallet” but with a slight twist. It takes a different approach to cold storage, and melds currency safekeeping with gambling.

To further elaborate on this point, we can see that it encourages users to play against “other bettors” and try their luck with a simple game that allows us to earn money. While MoneyPot is not as popular as some of the big gambling websites out there, the concept itself makes it quite appealing and market ready.

Who is Behind MoneyPot?

MoneyPot is the brainchild of web developer Ryan L. In addition to founding this platform, Ryan has also previously worked to create websites such as BitUndo and Bitcoin Vigil. However, since the value of Bitcoin started soaring in 2014, he came up with a gambling idea that later eventually morphed into MoneyPot.

What makes money pot stand out is the fact that is based solely on chance, and there are no loopholes whatsoever that any participant can exploit.

How Does the Game Work?

The game is quite straightforward and employs the use of a “basic line graph that increases rapidly until it reaches a point where it crashes”. Thus, the higher the line reaches, the larger the final winning amount becomes. However, the catch here is that users need to cash out before the crash occurs (failing which, all bets are lost and a new round is started).

Other Key Aspects of MoneyPot

(i) Unique Design and Concept:

While other gambling games (such as slots) do not allow for any control from the users end, Money Pot allows for active participation which makes it more enthralling and intriguing. However, it should be understood that there is very little skill involved here (the game is 99% luck).

(ii) Difficult to Grasp Initially:

For first timers, the concept can be a bit challenging. However, it can be safely said that after 2-3 times of playing, anyone making use of this platform will be able to enjoy the game without any issues.

(iii) Lower Risk:

Owing to its use of a highly unique gaming model, MoneyPot can be enjoyed by Bitcoin gamblers as well as causal enthusiasts. The game accepts Bitcoin in ratios as small as one millionth of a bitcoin (i.e 1 bit), thereby ensuring that large losses are not incurred.

(iv) Different Options:

When making use of MoneyPot, customers should note that they must choose between one of three tables, each of whom have a minimum betting amount.

What Are the Betting Options Being Offered to Me?

(i) Casual Tables:

These tables are meant to be used by novices/casual gamers who just want to check out the scene and maybe earn a few bucks. The least amount that needs to be bet here can lie between 1 – 100 bits.

(ii) Players Table:

At this table, the betting limit is higher, and users can bet amounts as high as 10,000 bits.

(iii) Serious Business Table:

As the name clearly alludes to, this is a large stake game where the minimum bet is set at 1,000,000 bits.

Another key aspect of this service is that incase a person is short of money, he/she is given 2 bits per hours for free. Thus, literally everyone can get involved and play this game.

Other Details to Keep in Mind

(i) Confirmation Time:

When withdrawing or depositing funds from the wallet, customers have been asked to wait for a period of at least 15 minutes before contacting support staff.

(ii) Manual Transactions:

For larger sums of money, manual verifications are performed by the company. Thus in order to withdraw large quantities of BTC, users may need to wait anywhere between 2-24 hours.

MoneyPot Conclusion

Since the outlay of the official MoneyPot website is quite bland, many people may assume that the service might not be worth checking out. However, as we get a better grasp of the game, it becomes much more interesting and thrilling. Also, according to the official company website, MoneyPot is “provably fair”.