LetBet — Tutorial

LetBet
4 min readMay 16, 2018

How to deposit ETH to the Let.bet platform and buy LBT

If you want to buy LBT using ETH, you need to make an ETH deposit first.

Step 1: Log in using your Let.bet account. If you don’t have an account, please create your account and confirm your email first.

Step 2: After logging in, in the Wallet section, click on the button Deposit ETH and copy the provided ETH address. Use ONLY this address to transfer your ETH from your personal wallet. It would take 1–5 minutes to confirm your transaction.

Step 3: Once your ETH is successfully transferred to your ETH wallet, now you need to transfer ETH to the Ethereum ExWallet to buy LBT in the internal exchange. Click on the button Transfer In and enter the ETH amount you want to transfer. Click on the button Transfer until the transaction is confirmed.

Step 4: Now it’s time to buy some LBT using your ETH. Go to the Internal exchange using the menu on the left. In the Internal exchange, there are 4 parts:

1. Market info: Current price, 24-hour volume, 24-hour high and 24-hour low.

2. Price chart LBT/ETH.

3. Order book. The Sell orders are in red and the Buy orders are in green.

4. Market trade history and your trade history. Here you can see the latest trades, and your own latest trades.

To buy LBT, in the Buy panel, enter the price in ETH you want to buy. Next, enter the LBT amount. Check the total price in ETH and click on the button Buy LBT to place your order in the exchange.

Step 5: If someone take your order, it will be immediately processed and you will receive your LBT in your wallet. Otherwise, the order will stay in the Order book until it is taken by some seller. If your order has not been fully processed yet, you can cancel the order by clicking on the button X in the right of your open order.

How to sell LBT in the Internal exchange and withdraw your ETH back to your personal wallet

If you want to sell LBT and retrieve your ETH, follow these steps

Step 1: Log in using your Let.bet account. If you don’t have an account, please create your account and confirm your email first.

Step 2: After logging in, in the Wallet section, click on the button Transfer In in the Let.bet wallet. Enter the LBT amount you want to sell. Click on the Button Transfer to confirm the transaction. Wait 1–2 minutes until the transaction is confirmed.

Step 3: Now it’s time to sell your LBT. Go to the Internal exchange using the menu on the left. In the Internal exchange, there are 4 parts:

1. Market info: Current price, 24-hour volume, 24-hour high and 24-hour low.

2. Price chart LBT/ETH.

3. Order book. The Sell orders are in red and the Buy orders are in green.

4. Market trade history and your trade history. Here you can see the latest trades, and your own latest trades.

To sell LBT, in the Sell panel, enter the price in ETH you want to sell. Next, enter the LBT amount. Check the total price in ETH and click on the button Sell LBT to place your order in the exchange.

Step 4: If someone take your order, it will be immediately processed and you will receive your ETH in your ETH ExWallet. Otherwise, the order will stay in the Order book until it is taken by some buyer. If your order has not been fully processed yet, you can cancel the order by clicking on the button X in the right of your open order.

Step 5: After selling your LBT, if you want to withdraw your ETH, go back to the Wallet section. Click on the button Transfer Out in the right of the Ethereum ExWallet. Enter the ETH amount you want to transfer and click on the button Transfer to confirm the transaction.

Step 6: Once you’ve got your ETH in the ETH wallet, click on the button Withdraw. Enter the ETH amount you want to withdraw, your personal ETH address and 2FA code if you activate the 2FA. Then click on the Withdraw ETH button to confirm the withdrawal. It would take 3–5 minutes to see ETH in your personal wallet.

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LetBet

An blockchain-based platform that aims at providing a trustless, borderless, secure, anonymous and fast online gambling system.