Question 1

What is PeetBet?

Accepted Answer

PeetBet is a decentralized peer-to-peer betting platform where you bet against other players with true 50/50 odds. There's no house edge - just you vs another player.

Question 2

Do I need to create an account?

Accepted Answer

No account needed. Simply connect your Ethereum wallet (MetaMask, WalletConnect, etc.) to start playing. Your wallet is your identity.

Question 3

What currencies are supported?

Accepted Answer

Currently, PeetBet uses PYUSD (PayPal USD) on Ethereum Sepolia testnet. More chains and tokens will be added in the future.

Question 4

How do I know the games are fair?

Accepted Answer

All randomness is generated by Chainlink VRF, a decentralized oracle network that provides cryptographically verifiable random numbers. You can verify every game result on-chain.

Question 5

Are my funds safe?

Accepted Answer

Yes. PeetBet is non-custodial - your funds are held in smart contracts, not by us. You can withdraw at any time. All contracts are open source and auditable.

Question 6

Has the smart contract been audited?

Accepted Answer

Our contracts are open source and have undergone internal security reviews. We're planning third-party audits before mainnet launch.

Question 7

How long does a game take?

Accepted Answer

Most games complete in 30-60 seconds. The majority of this time is waiting for Chainlink VRF to generate and verify the random number (typically 15-45 seconds).

Question 8

What happens if my opponent disconnects?

Accepted Answer

Once both players have joined a room, the game will complete automatically via the smart contract. Disconnecting doesn't affect the outcome.

Question 9

Can I cancel a game I created?

Accepted Answer

Yes, you can cancel a room you created as long as no opponent has joined yet. Your stake will be returned to your balance.

Question 10

What fees does PeetBet charge?

Accepted Answer

PeetBet charges 0% on deposits, 0% on betting, and 0% on withdrawals.* The only exception: if you withdraw MORE than you deposited (you won!), we charge 2% on that withdrawal.

Question 11

So withdrawals are really free?

Accepted Answer

Yes! If you deposit $100 and withdraw $100 or less, you pay $0 in fees. The 2% fee only applies when you withdraw more than you deposited. Example: deposit $100, withdraw $150 = 2% of $150 = $3 fee.

Question 12

Are there gas fees?

Accepted Answer

Yes, standard Ethereum gas fees apply for all on-chain transactions (deposits, bets, withdrawals). These go to the network, not PeetBet.

Question 13

Which wallets are supported?

Accepted Answer

We support any EVM-compatible wallet via WalletConnect, including MetaMask, Coinbase Wallet, Rainbow, Trust Wallet, and many others.

Question 14

What blockchain does PeetBet run on?

Accepted Answer

Currently Ethereum Sepolia testnet. We plan to launch on Ethereum mainnet and expand to other chains like Polygon and Arbitrum.

Question 15

Where can I view the smart contract code?

Accepted Answer

All contracts are verified on Etherscan/block explorer. Visit the Contracts page in the docs to view the verified source code and addresses.

Frequently Asked Questions

General

Security & Trust

Gameplay

Fees & Withdrawals

Technical