Fun88 Exchange Review

  • Mobile availability for both IOS and Android
  • Wide payment options
Harry TheTrader 9 minutes
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Fun88 exchange is a platform that provides online services to interested bettors.

Established in 2009, the brand new rates itself as one of the best exchange sites in India and Asia; we will find out if it is really true.

This Fun88 review will go into more depth about how the exchange operates.

Chapter 1

How Does Fun88 Exchange Work?

How Does Fun88 Exchange Work?

Is Fun88 just another regular bookie?

The answer is no, but what makes it any different?

Is its operations legal?

Find your answers in this section.

Is It Legal and Trusted?

Fun88 India has a valid license from E Gambling Montenegro (license number: 0133) which legalizes its operations. And while the license is legit, we still have our concerns.

The E Gambling Montenegro licensing body is not a popular one so it doesn’t have a high level of influence compared to the likes of the UKGC, Malta Gaming Authority, and Curaçao Gaming Authority.

Their present license may earn them respect in India and Asia, but we don’t think it will be enough on a global scale. 

In short, Fun88 is legal and trusted, but we believe that with over 10 years in the business, they should have more to show for it.

Back and Lay Betting at Fun88

Fun88 is an exchange that supports both back and lay bets. Back bets are stakes you place to support an event or outcome; all betting options available in a traditional bookmaker falls under back bet.

Any regular bettor is already familiar with this betting type. 

Lay bet on the other hand is the opposite and it involves staking against an outcome or event. So if you stake on a team to lose, we categorize it as a lay bet.

Traditional bookies don’t have lay bet options but exchanges like Fun88 operate with it. 

When you bet at the exchange, it is not against the house.

Instead, all your bets are against another player. Take it this way – for every lay bet you place successfully, there is a back bettor on the opposite end and you both are betting against each other.

And for every back bet you place, an opposing lay bettor is betting against you. 

The work of Fun88 Exchange is to match the two respective players’ bets. And a successful one is called a matched bet. 

Chapter 2

Promotions

Promotions

What do the Fun88 promotions look like?

Does the exchange have exclusive offers?

Well, not so much.

But we will review the available ones below.

Fun88 as a brand has numerous promotions but most of them are for specific casino and sportsbook games and for only some providers. We will only list the few ones you can enjoy in the exchange. 

Refer a Friend Offer

When you sign-up on the Fun88 platform, you will get a referral code and QR code. You need to introduce your friend to the brand and let them input your code while signing up for it to count as a referral. As soon as your friend plays Rs.

5000 worth of bets, you will receive an Rs. 500 bonus. The number of referrals is capped at ten people and you have 30 days to meet a 10x turnover requirement before you can withdraw the profits you make from the Rs. 500.

Super Surprise

The Super Surprise offer is a daily offer that works with accumulated deposits. To qualify, you have to make up to Rs. 1000 in a day.

After hitting the threshold, you will have five shots at trying to win Super Surprise rewards which include an iPhone 13 pro. And if you can win successfully, Fun88 credits you with additional Rs. 100.

This offer renews every day but it is only open for 600 players daily. It also has a 30-day validity for a rollover requirement of 1x to withdraw profits from the Rs. 100.

Chapter 3

Commission

Commission

Fun88 charges a 4% commission on your winning bets. Compared to several other exchanges around, we believe 4% is a little on the high side.

After over ten years in the business, they should be able to charge less on your winnings.

And just like every other exchange, Fun88 does not take any commission on your losing trades.

However, they need to do a little better with the 4% rate.

Chapter 4

Liquidity

Liquidity

Liquidity is one of the least issues you can have with Fun88.

The brand has a solid customer base in India and Asia; they also offer a decent variety of sporting options.

So the chances of getting a partially matched or unmatched bet are quite low.

Fun88 also took advantage of sponsorship from well-known sports brands and teams to make a name for themselves.

It is one of the reasons why it has decent liquidity.

Chapter 5

Registration

Registration

Are you facing difficulties registering on the Fun88 website?

We have this section specially designed to show you how to register step by step.

Here is a step-by-step guide to signing up on the Fun88 website.

  • On the official Fun88 website, click the ‘Join Now’ button on the top right.
fun88 web-site main page
  • The next page will ask you for some details; fill it and click on ‘Register’ and you are in!
Fun88 registration form

How to Login After Registration?

Here is the simple guide to logging into your account after registering:

  • On the home page, click on the ‘Login’ button on the top right.
fun88 web-site main page login button
  • The next page will prompt you to input your username and password. Supply the details and click ‘Login,’ and you are in!
Fun88 login page

What to Do If Your Login Fails?

In any chance that you are unable to log in even after inputting the right details, your best bet is to reach out to customer support. On the homepage, you will find the customer support button on the lower right.

fun88 main page

On the next page, you will need to fill in your username and preferred language and click ‘start chatting.’ It will connect you with an agent; tell them your Fun88 login issue and they will direct you on how to go about it.

fun88 registration form

Chapter 6

Payment Methods Available

Payment Methods Available

Fun88 has a decent catalog of deposits and withdrawal methods.

This section will address the available methods alongside a step-by-step guide to depositing and withdrawing from the website.

Fun88 has a decent number of payment methods. On the official website, the listed available methods are:

  • UPI
  • GPay
  • MasterCard
  • Visa
  • Local Bank Transfer
  • Astropay
  • Sticpay
  • ecoPayz
  • NET Banking

How to Deposit Money On Fun88

Here is a simple guide to depositing money after a successful sign-up:

  • Log into your Fun88 account and you will find the ‘Deposit’ button on the upper dashboard.
Fun88 deposit button on main page
  • Clicking the deposit button will take you to a new page where you will have to choose your preferred option.
Fun88 deposit page
  • After selecting the preferred deposit method, specify your deposit amount and hit the ‘Submit’ button.
Fun88 depositing form

How to Withdraw From Fun88

Follow these steps to successfully withdraw your money from Fun88.

  • When you log in, you will find the ‘Withdraw’ button on the top dashboard.
Fun88 Withdraw button on main page
  • After clicking the withdraw button, the next page will ask you to specify your preferred method.
fun88 Withdraw page
  • After choosing your preferred method, input how much you would love to withdraw, and after filling in the other details, click ‘Withdraw.’
fun88 Withdrawing

Chapter 7

Betting Options Available

Betting Options Available

What does the Fun88 market look like?

We will show you in this section.

And do you know that the brand has a special affiliate program?

You will find out the details as you read on.

Fun88 may have an exchange but it also takes after the betting options you will find in a regular bookmaker.

The available options span from regular Moneyline to others like over/under. Most importantly, you can also place in-play bets especially since the odds of exchanges are averagely better than that of traditional bookies.

Markets Available

We commend Fun88 in this aspect because the markets available are above average. You can trade sports like cricket, tennis, football, hockey, and several others. And you can also place live bets as you wish. 

Fun88 being able to offer these sports is not a huge surprise. With the number of club sponsors they have, they also offer the respective sports.

Features

After scanning through the Fun88 platforms, we figured that it doesn’t have so many special features. However, one thing that stands out is the affiliate program. If you are interested in joining the program, it is a decent offering. 

The only downside is that the affiliate commission for the exchange section is lower compared to the casino and sportsbook section. Fun88 needs to do better in this aspect because the margin is too wide. 

Here is a tabular breakdown of the affiliate commissions for the exchange:

Valid Bet Amount (in one month) Minimum active players under youYour commission
Rs. 1 – Rs. 380,000100.25%
Rs. 380,001 – Rs. 2,280,000200.5%
Rs. 2,280,000 and above400.75%

Now that we look at it again, the percentages seem a bit too low. The sportsbook and casino affiliate players earn as much as 35% on 40 active players, whereas affiliate traders earn 0.75%. It doesn’t seem fair and we don’t understand their reason but we believe they can do better. 

Chapter 8

Mobile App

Mobile App

Fun88 has a mobile app but is it functional?

What platforms does it run on?

Does using the app grant you any special benefits?

Let’s find out!

Fun88 betting exchange also successfully replicates itself in a mobile application. This mini version of the exchange is just as functional as using the website.

The interesting thing is that it successfully packs in the exchange, sportsbook, and casino of Fun88.

These are things that you normally have in different apps but Fun88 has made it work. 

The app has a lot of merits such as personalized offers and promotions, fast login, and several other benefits.

It is available on both IOS and Android so irrespective of your device, you should be able to run it seamlessly.

How to Download the App

You can download the apps without using any app store. Simply head to the Fun88 homepage and scroll to the bottom.

You will find an ad telling you about the app; under the ad, there is a button that says ‘How to Download’.

Click it and it will take you to a new page. 

About fun88 mobile app

The new page contains the download link. Or scan the QR code to do it faster.

How to download fun88 mobile app

The link will redirect you to a page where you have two options. ‘Android Download Link,’ and ‘iOS Download Link.’ Depending on your device, choose your preferred method and it will successfully download the app on your mobile phone. 

fun88 mobile app banner

Chapter 9

Trading Software

Trading Software

Does Fun88 have its exclusive software?

Or does it adopt an external software.

Let’s give you the answers below.

It is no surprise to us that Fun88 uses Betfair trading software for its exchange platform. This software is arguably the best in the business.

It provides a seamless user experience that allows you to enjoy sports trading. Betfair software is one we can vouch for and since Fun88 publicly declares it as their software, we have no problems with it. 

Chapter 10

Security

Security

We can never ignore security when considering sports betting exchanges?

What do we think about Fun88’s security?

Find out below.

Security is something no one should ever take lightly. To start with, the brand has an E Gambling Montenegro license which validates its operations.

But that is not enough to guarantee the safety of traders. 

We checked the website’s certificate and it has one from the Sectigo RSA Domain Validation Secure Server. It also has encryption keys secured with AES_256_GCM.

By our standards, this is decent for a gambling site. It puts our minds at rest that the platform safely guards its user’s information.

Chapter 11

Usability of the Platform

Usability of the Platform

How usable is the Fun88 website?

We noticed a few things that you may have missed.

Read on and find out.

While the website is quite okay, a more critical look at it leaves us wanting more. The white and blue are a great choice but we found the blue not to be so consistent on every page.

While some appear in a light shade of blue, others have a darker shade. There should be a degree of consistency, hence, players may have doubts whether they are on the right site. 

The buttons are functional and responsive but we believe they have some fine-tuning to do with the designs.

We found that after checking individual promotions, we had to return to the homepage as there was no button to take us directly to the general promotions page.

An average user may not notice these little things but we believe Fun88 can do better.

But overall, both the website and mobile app are usable so you won’t have any problems with it. 

Chapter 12

Conclusion

Conclusion

As we draw the curtains to a close, what do we have to say about Fun88?

Do we recommend it for traders?

Check out our verdict below!

Fun88 is doing a decent job in bringing trading services to players. This is not one of those Fun88 reviews that will give false analysis; so we will give you the plain truth. 

One thing we noticed is that the brand barely markets its exchange; it seemingly focuses more on the sportsbook and casino of the brand and we don’t understand why.

It is also evident in the promotions as there are several specialized bonuses for the sports and casino but none for the exchange. But overall, the exchange is decent for players. 

It contains substantial sports and options alongside reasonable odds. Fun88 may rate itself as one of the best, which is quite true, but we believe it needs more effort to claim the number one spot.

Chapter 13

FAQs

FAQs

This section is specially tailored to answer your lingering questions.

We have no doubt that you will find it useful.

What is Fun88 Exchange?

Fun88 exchange is a brand that allows users to trade sports by placing back and lay bets on them. 

How Do I Withdraw Money From Fun88? 

We have a step-by-step guide to withdrawing from Fun88 in our review. Take a little time to check it and you will understand. 

Is Fun88 Trusted? 

Yes, Fun88 is trusted. It has a valid license and the website is encrypted and certified. 

How Do You Use Fun88?

To use Fun88, you need to first sign-up. Then you can proceed to place back and lay bets on your favorite sports at the exchange.