Purebet requires no KYC or signups. Simply connect your funded Solana blockchain wallet to the website and you are good to go. Betting is done in USDC, and a small amount of SOL is needed for blockchain fees ($1 worth can complete thousands of blockchain transactions). Both USDC and SOL can be obtained from a cryptocurrency exchange or bought by card within Phantom wallet.
Select the event and market you wish to bet on and you will see a grid of odds and liquidity. The liquidity represents the amount you can stake and instantly get matched. Click a cell in the trading grid to open a bet slip. Here you can enter your stake and adjust the odds up (if you want to place a marker order — but this may not be matched by a counterparty before the event starts) or adjust the odds down (if you are betting big and need to move down the orderbook to instantly get filled). Clicking “place bet” will trigger your blockchain wallet to ask you to confirm the transaction. Once you confirm the transaction, it will be passed to our exchange matching engine on the Solana blockchain. If the liquidity is from another user’s order, your bet will be matched instantly. If it is from an aggregated protocol, it will be matched as soon as we confirm the bet has been placed at that protocol. If we have an error placing the bet, your bet will remain unmatched — you can either cancel it and try again or wait on another user matching it.
Once the event is over and the market is settled, any money you are due is automatically sent back to your wallet. There is no need to claim anything. This includes any rent exemption (a type of blockchain fee) that you paid.