Topic: Casinos and gamblers are struggling with high tx fees.? - page 2. (Read 665 times)

There are alternative ways to deal with this situation. Many casino sites have different kind of payment method which includes alternative coins. It is not necessary that you only use Bitcoin for your transactions. You can simply use other coins until this congestion get cleared. The recent transaction fee is quite low compared to some days ago. But it doesn't matter when you have alternative ways to deal with such situation.
In times of problems you can use alternative ways and that is why alternative coins were created. Go take advantage of that. It will be much easier faster and cheaper.

that is very true, most casinos/bookies have long list of payment methods already. alts which are very cheap in fees. so why are you troubling yourself with btc only? and besides, there are so many trading platforms that you can already convert your btc to these alts, and then you can just deposit this alt to the casino. how hard is that?

just a very good example is stake.com , they have this list of crypto payment methods - BTC, ETH, LTC, DOGE, BCH, XRP, TRX, EOS, USDT, BNB, USDC, APE, BUSD, CRO, DAI, LINK, SAND, SHIB, UNI, MATIC. LTC & TRX alone will give you a very good option of using low tx fees. so why not explore other alts and you may appreciate such wide-ranging payment options?


as we've been experiencing, btc deposits are not in any way at advantage these days. so better try out other alts. and for sure, you will appreciate the significance of these alts. and you won't bother much about high btc tx fees.

As I've said many times Bitcoin has long since moved into the category of coins for storing value rather than making payments as it is very expensive compared to other cryptocurrencies.

 How is it that they can't convert BTC to other cryptocurrencies?
 
Nowadays, there are already many exchangers that have a good reputation and work directly through telegram. In my country, such exchangers are in high demand. as they exclude interaction with KYC and AML and centralized exchanges that pass all information to state authorities.

You are absolutely right, it's just that sometimes people say they only have Bitcoin and there is no other way to convert it to another currency, so that's why I say that the best thing here is to put the crypto in this case Bitcoin and for the casino to give you the option. to take it or exchange it to other altcoins, because only then things can be seen in a better way, for that reason a casino like this will always be taken into consideration, something like what they call an Internal Exchange to be able to establish things well as they are as they are, then when they see something like that, people will go more to that casino, because if anyone has bitcoin, they know that if there are profits they can take it to USDT or any other altcoin, that is an advantage that now the casinos must give themselves In fact, I had seen this scenario a couple of years ago, and I have always recommended to the players to have an internal exchange, so that the players would have that option, it is much better and only then can things turn out much better.

Of course there are casinos that assume the fee and it costs them nothing for people to withdraw that money, then that is ease, it is comfort and that is what people look for in every casino, a casino that has those small details wins a lot more than they think, because that is what people are looking for, that they can win, let's say about 500usd and the withdrawal is 1 dollar and that's very good, as I said before casino like bitcasino.io where the withdrawal is assumed by the fee the casino, other casnios that are very profitable in withdrawal for example stake.com where the casino only pays 9 thousand sats, of course that is something that can be different, but things can be like that, in any case everything with Having the option to save the player money is valid, that's why I say that anything that comes close to doing things that way is good, of course we will always have the option of doing or choosing another casino, but as long as it is a casino of trust.

Any online gambling crypto casino that I know of accepts many altcoins which have fees that can be as low as a few cents. I really do not see the problem unless you are a person who only uses Bitcoin for their gambling deposits. Bitcoin was never meant as a lowest-fee currency but rather as a storage of value. I understand the current situation with Ordinal Bitcoin NFTs is complicated and has contributed to a high transaction fee, but until that situation is solved, just use trustworthy altcoins (top 10 by market cap - see coinmarketcap for more info).

Bitcoin only casinos are nearly unuseable. The minimum transaction fees are over $10 for segwit wallets and casinos are reportedly charging upto $100 for withdrawal fees.
Crypto casinos should all switch to lightning network and other altcoins. Use of bitcoin as an utility increases the numbers of transaction creating more congestion. It would be a wiser move to embrace alts for the casinos that are bitcoin only till date. Stake and bitvest are good examples how accepting altcoins increases the userbase.

That's what we have experienced, and we can't do anything about it when transaction costs increase. We can only switch to altcoins if we want to gamble, which has become a good solution for those gamblers. But there is another solution that might be even better where we should be able to use this time to take a break from gambling for a while. But indeed, bitcoin and ethereum have experienced the most frequent increases in transaction fees so far.

Yes, resting is another best solution that gamblers can do. That will allow them to enjoy other things that will also be pleasure so that they don't just think about getting that pleasure from gambling. I've been resting for some time, even though I still gamble using altcoins. But I realized that by resting, I could do other things, and that was my way of diverting my mind from going back to gambling.

Yes, perhaps bitcoin costs less now. I just checked the transaction fee, and it is still around $18, which is still a high transaction fee for me. I can use altcoins with transaction fees cheaper than $18. But to change the bitcoins we have, we still have to send bitcoins to an exchange or online exchange and then send them directly to our gambling account.

People who gamble should be able to refresh their minds. But what happens is that people use gambling to make money so that instead of getting freshness of mind, they experience prolonged stress because they have been on a losing streak. That's what we have to avoid if we want to gamble comfortably.

Depends actually into your financial capacity since not all would really be that equal in terms of financial status on which there are ones who do mind much about fees and there are ones who dont really care.
Whats $20 if you do have tens or hundreds of thousands when it comes to your funding? Pretty sure that it would really be just that peanuts but well i do agree that with the current fee that we do have today then this isnt really just that affecting those gamblers but also into those who do want to trade up or into those people who do actively making up transactions on chain.Somewhat the current price
of fee now is already going low although it might not be into those normal levels but at least we are seeing that it is really that gradually be going lower.

Its been a few weeks that we are experiencing those high fees that even making some small transactions cant really be possible or would really be making you hesitate due to high fees.
For those who do mind about $20 fee then it cant be avoided for you to be stagnant.

I don't think that will affect most casinos because they have options to make deposit with altcoin so most of the gambler would prefer converting their bitcoin to other network that is more free and faster in confirmation than using bitcoin, including withdrawal they may prefer using another network to make withdrawal which can be more faster and smarter except such person is not in haste to receive his withdrawn amount and most likely some of the casino might have adjusted their fee's to quickly suite the current challenges of network confirmation.

With the nature of the transaction fee recently, I don't think many gamblers would want to opt in to using Bitcoin to fund there account because of the high transaction fee. I think many of us are now switching to using usdt on different exchange to convert our Bitcoin to something batter for now so that the transaction fee would not be too much to handle. Many of us that have stock if Bitcoin in our portfolio and want to gambler are facing the challenges of paying more just to fund our different accounts to be used to bet on different gambling platforms. We have no choice than to keep using Bitcoin for those of us that have only Bitcoin in our portfolios.

Right now Bitcoin fee is cheaper, it was not as cheap as before ordinal spams, but at least it won't really hurt you. If someone only have Bitcoin, now it's a good way for them to convert some of their Bitcoin to Altcoins that only used to gamble.

Actually people are gambling to refresh their minds, gambling isn't a must activity, anyone can gamble whenever they want and whenever they can.

High prices and high transaction costs are certainly a problem for bitcoin gamblers, so far I have switched to other crypto payments which have cheaper transaction costs compared to using bitcoin, I think bitcoin and ethereum have no solution on how to overcome this problem of high transaction costs , to this day both networks are often very busy. each casino should be able to provide other alternative payments to solve this problem.

I probably won't think long about gambling when transaction costs are expensive, I will switch and won't wait for time to relax, let alone take a break, because when I want to gamble I have to gamble right there without having to wait for bitcoin transaction costs to become cheaper, after all, there are also casinos. which provides crypto exchange for bitcoin so it is also easier to use the alternative then convert to bitcoin, I think the casinos have made it easier now.  

I’m not at all sure that Bitcoin makes up a significant part of the turnover of crypto casinos. People choose faster and cheaper options even with “regular” commissions, but in the current environment, using Bitcoin is crazy (unless of course you are a high roller and the commission is a tiny fraction of your stake). It’s high time to come to terms with the fact that Bitcoin no longer satisfies the goals (part of them) for which it was created, “fast and cheap payments on the Internet”.

I have reduced my gambling activities after bitcoin transaction fees increased very high. I tried to convert my bitcoins to altcoins or stablecoins, as you said, and it helped me reduce the transaction costs. Many altcoins still do not charge high transaction fees, so altcoins can be an option for gamblers who still want to gamble.

But those who still want to use bitcoin as a coin for betting can do so as long as they can accept the high transaction fees. But it would be even better if they could take a break from the current high transaction costs so they can refresh their minds from gambling.

The gambling habit is what drives the roadblocks away. Many sites have learnt how to cope up with increased fees. They will pre-credit your account from their wallet with a 1% fee - more money for them obviously.

In either case, altcoins exist to come to rescue for the addicted gamblers during such times and casinos rarely see much drop in traffic as the increased fees start becoming consistent over a week or so.

It is not another example of how addictive gambling can be.

They're probably fine with it and it's not like you can't set how much tx fees you're going to pay for a transaction so casinos are probably doing just fine and players can just switch to using other crypto with a lower tx fees to prolong and sustain their gambling habit, it's unlikely for a lot of hardcore and some casual gamblers to stop due to high tx fees so I don't see any struggle maybe a little down on the number of players but there's still some consistency in my opinion in players that are active.

Yes, it's really a struggle for us to really used bitcoin for our gambling as the fees are so high, although it has settled a bit, but there are days that it will shoot up to more than 400 sat/vB and it will hurt us.

So converting to altcoins or stable coins, or even just used local betting site and use our local fiat just to continue with our gambling. For now that's my option, not touching any crypto for the meantime and just withdraw if necessary so that I wouldn't be affected by this huge fees.

Converting bitcoin to other coins is a solution so that gamblers can continue gambling and don't have to think about high transaction fees. By using other coins, they can save on transaction costs, and they can immediately gamble with coins. Big gamblers won't really mind the cost, but for those of us who are just small gamblers, we will choose to use other coins to gamble. I also use other coins like TRX, LTC, or even USDT because of their low transaction fees. But to respond to this situation of high transaction costs, I prefer to take a break from gambling and enjoy my free time by doing other things until the transaction costs decrease and return to normal.

Exactly. Some crypto casinos I think has options to convert to other coins like Doge, Dash or other crypto that has a lesser transaction fee than Bitcoin. Not only online casino gamblers suffer this kind of thing but also traders. I don't think gamblers mind the fees, they maybe thinking of something like winning or some kind of strategy to beat the odds. 😁

I feel like we are sort of forced to play at centralized casinos to avoid high fees nowadays. I wish Bitcoin developers could come up with better solutions to high fees cause these are %100 disrupting crypto businesses too. I think there are no better solution other than gambling with doge and completely avoid Bitcoin and/or Ethereum blockchains. 10-15 dollar fee is ridiculously expensive just to gamble couple of times daily.