Fairlay.com – Fairlay Review

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Fairlay has been around since 2013 in beta form and it continues like that. Although this can be frustrating to some, it is not a ‘no-no’ and therefore a Fairlay review is necessary. There are definitely advantages and disadvantages in using Fairlay as your preferred Bitcoin prediction market. So what do you say? Shall we start evaluating what they have to offer?

Fairlays Website

Have you seen modern looking websites that attract your attention and keep you enthusiastic throughout your navigation? Well, Fairlay is nothing like that! Unfortunately, their website is really basic and the worst part is that it is chaotic. There are some categories on the top menu, at least. Other than that, it is just a display of features, new and closing events. What is more, there are no legal details at the bottom and this can be a problem. They provide nothing more than information on the events and the option to sign in or register.

The Fairlay Sign Up Process

At Fairlay they offer one click register. Upon clicking on the top right button, you can choose if you want an instant account or a normal account. The instant account does not involve any email or password. They give you a secret URL to use. The normal account does involve your email account and the use of a password, offering deeper security through email notifications. Either way, from Fairlay they inform you that you must be over 18 years old and free to gamble where you reside. Unfortunately, UK residents cannot create an account on the platform.

Fairlay.com Security

Normal accounts certainly include a better sense of security than instant accounts. Since users only trade in Bitcoin, their payments are safe and remain anonymous. It is concerning that they do not include any type of disclaimer, privacy policy and other stuff on their website. Although there really is nothing to worry about, it is relieving to find these legal disclaimers on sites that handle financial transactions. No encryption is available on the site, either.

Trading Process

Upon signing up for Fairlay, you are ready to start trading and winning money. This is a user-generated Bitcoin prediction market. What does this mean? Well, it means that users are welcome to add their own events and create trades on their own. If you have inspiration regarding an upcoming event, you are more than encouraged to create the event. However, Fairlay needs to approve it before posting it online. Obviously, if you are not feeling comfortable with this process you can always place your orders on already existing events. You will see that people vote and this makes price rates go up or down. Now they offer 0% fees on specific categories (Sport, Live and Fun markets) and minimum fees on others (2%).

Plethora of Trading Options

There are many options for you to trade on when it comes to Fairlay. The main categories are the following: Sports, News, Horse Racing, Fun and Live. Of course, these all break down to subcategories and allow you to wander through lots of options. You are able to create your own events and this can be truly exciting.

By choosing the time duration of the event, the closing and resolution dates, as well as linking to enlightening details about the event, you are in control. This means that not only are there a lot of different events, but you can customize them to meet your needs in full.

Help & Support

Fairlay does not include any live chat and this is not news. After all, they are still in beta. You can click on the right side button (feedback & support), so as to contact support or offer your feedback. What is more, from the same button you can wander through the knowledge base. There is a thorough FAQ section, but without any tutorials. On the bright side, there is an active forum where you can find instant answers to your questions. Social media presence only offers Facebook and Twitter, but these are the most popular portals in social networking.

Compatibility

Fairlay is basic in structure as a site, but it is fully (or let’s say 95%) mobile responsive. You can use Fairlay on all devices and OS, without experiencing any discomfort. You can benefit from trading on the go, making great use of the API. All in all, users are welcome to get online on whichever device they feel like. They will not encounter any difficulties throughout their trading activities.

Offers

On their official website, you will not find any offer or discount or reward. But when you sign up to their service, they will send you an email from Fairlay (this is why you had better choose the normal account). In this email, besides welcoming you, they will offer you the chance to get 1 mBTC. The only restriction is that you need to deposit 1 mBTC at least for claiming this reward.

Fairlay in a nutshell

Pros

• A plethora of trading events
• You can create your own event
• They offer one click register (both instant and normal accounts)
• Active forum

Cons

• They are still in beta
• Their website is basic
• No legal papers are available on the site
• UK residents cannot create an account

As you have come to see for yourself, there is still room for improvement in the case of Fairlay. Of course, they are great when it comes to creating new events on your own. They provide you with the option to get an instant account, without even using your email. There are many different events for you to choose from, under several categories. Last but not least, their active forum will help you out a great deal.

On the other hand, they have been in beta for a while now and they should move forward. The website needs a lot of improvements, since it is very basic and does not even cover the legal information on most other sites. UK residents cannot use the platform, which is a shame. Once they fix these matters, the overall rating of this Fairlay review will definitely go up!

Meta: Learn more on this Fairlay review about the pros and cons of using this Bitcoin prediction market, so that you know if it is worth trying out.