How Coinflip Works And How To Set It Up

                                                

Coinflip is a popular crypto game where users select one coin to flip between two different coins. 

                   

Users set a bet in crypto currency, select a coin, flip, and can double the amount they bet if the flipped coin is the one they selected. 

                   

After adding their wallet address, your members can visit the “Flip Coin” section on your site, select the coin they will bet on, place their bid into this box, and then click on “place bet” to flip the coins. 

                   

If they guess correctly, they’ll win the amount they bet, effectively doubling the money they had! 

                   

The good news is that you will earn a revenue fee for each bet each user places, and you can set the percentage you want to earn as fee in your dashboard. 

                   

You will also earn income every time a user loses the flip game, because you will win the amount they bet! 

                   

To configure Coinflip, click on the “CryptoKit Settings” shortcut. And then click on the “Earn Settings” tab in the following page. 

                   

Now click on the “Coinflip” tab. 

                   

Then enter the coins you want users to flip, to upload the coin logos, set the minimum bet amount users can place, and set your revenue fee percentage. 

                   

Ethereum and Litecoin are set by default, but you can change them to other coins. 

                   

For example, you can enter “Solana” as the front coin into the “Enter Coin Front Name” field. 

                   

And next, let’s enter “Tether” as the back coin into the “Enter Coin Back Name” field. 

                   

Add the coins logos, noting that the image sizes need to be 256 by 256 pixels. Upload them by clicking on the “upload” icon under each coin name. 

                   

You can then enter the “user minimum bet amount”. This is the minimum a user has to bet to play Coinflip. 

                   

You can enter a low amount so many people can participate as many times they want. 

                   

Lastly, you’re going to enter the “Admin Revenue Fee Percentage”. This is the percentage you’ll earn off each bet users place. 

                   

By default, this is set as 10%, but you can adjust it. I recommend setting a 15 to 20 percent revenue fee. 

                   

Finally, click on the “Enable Coinflip” lever button to activate Coinflip on your site. And then click on the “Save Changes” button.