Topic: Casinos and gamblers are struggling with high tx fees.? - page 3. (Read 605 times)

if sending fee transaction is high is good play in gambling site use centralized gambling site
because sending only once if different use decentralzed gambling every play must pay sending
another option use coin low price and low sending fee example tron or doge

This can be very true. There are still no KYC gambling sites. But they are centralized gambling sites aside the Web3 gambling sites. Which means they can be force to do KYC at anytime by submitting their identity documents. All gamblers should know that.

It is also good to know that the fee is not much recently. It it is expensive during the week days, it went less expensive during the weekend and it went down to $2. Gamblers can wait until it is weekend to fund their gambling account.

Nowadays fees have decreased and with around $2-$3 for transaction fees I think only small gamblers will mind the fees but for those who usually make deposits above $500 I think it's only a small part.
Players can use other alternatives such as stablecoins or other coins which have quite cheap transaction fees and are also quickly confirmed.
For players who only have Bitcoin and are reluctant to spend money on fees that are considered quite high, they will benefit by slightly reducing their gambling activity, but active gamblers will always have a way to fund their casino account even if the network does not improve.

A little guessing 🤔. Maybe Bitcoin gamblers only have Bitcoin to play with, and feel reluctant to exchange to other cryptocurrencies. There are other goals, such as if you experience victory, the results obtained are also directly in the form of Bitcoin. Or maybe as you say, they are rich people and don't care about fees. It's better to bear the fees and remain anonymous and comfortable and not have to worry about having to exchange all kinds of coins.

I wonder why Bitcoin gamblers still exist today, are they rich enough to carry out transactions there, Bitcoin deposits are very high at the moment and I think there are many crypto options in casinos that can be used, especially with very cheap transaction fees, I think Bitcoin is only used as an investment but apparently there are still people who use it for gambling. It's a bit confusing whether rich gamblers use Bitcoin to gamble, if they are rich, they shouldn't mind transaction fees either.

There are so far alternatives to avoid paying high transaction fees now, either by crypto gamblers or other Bitcoin users. Users and gamblers can either employ the use of Lightening Network which makes Bitcoin transactions faster and cheaper, or they could still continue their gambling with the use of other crypto assets such as the USDT and others which do not require huge tx fees to transact with.

I know bc.game is offering an option for Bitcoin deposits through the Lightning Network but I wasn't aware of that for Rollbit. I have an account there, but I don't find how to access this feature, in addition I don't find any information about it on internet. So are you sure about that for Rollbit? It's maybe an early option only available to some users or countries for now, if you are not mistaken though, but I don't think it's available for everybody at least.

The recent increase in Bitcoin transaction fees is very disturbing. It is better to avoid transactions using Bitcoin and always check transaction fees before making transactions using Bitcoin, in fact there are many other crypto options for making deposits or withdrawals on gambling sites. However, it will take a little time and effort if we have to exchange it to another crypto.

Casinos will manage, just like any other company that uses bitcoin. Fees are nothing we should be worrying about. Let's face it, how often do you deposit on exchanges, or casinos?
If you used to do it once a week, do it once a month now? Increase the amount of money sent and fees won't hurt you that much. Use lightning network more and in extreme cases deposit on exchanges. In case of emergency you'll be able to exchange bitcoin fast. I usually don't recommend that but this is for people who bet on sports and need to act fast. It's really not worth it to send $20 with a $10 fee, so if you're one of the people who need to deposit such small amounts of bitcoin, use custodial services.

The casino business may only have been affected the first time and within that time that the transaction fees suddenly went up, but right now, everything is back to normal for the casino business because gamblers have adjusted to the fees and how they will put money in their account to gamble with. It is only the people who are not gamblers and have other fun alternatives to gambling that will consider stopping gambling for the now until the fees normalize.

Maybe that's true, especially if you are a budget gambler and you are also addicted in gambling. But there are still die-hard Bitcoin fans who will continue transacting using BTC no matter what.

Or if they are also in budget, they can wait for a while and go back playing again when the high fees have subsided. Given that there are those types of gamblers, casinos can get affected as well in terms of their sales but those casinos who only support a few coins, (mainly the bulky ones) are the ones who are going to be affected the most. I wonder why they still stick on that principle. Hhmm...? Is it possible that the people behind it are also a select crypto enthusiast? But yeah casinos are adjusting their fees accordingly.

Why do I gamble or what have I done to mitigate the effects of the high transaction fee? Here's some -

• I have reduced the number of times I gamble from 3 times per week to 1
• I leave a huge portion my winnings in my casino wallet reduce deposit into my wallet
• I sometimes use other crypto
• I have reduced the amount I used for wagering.

Well, when a player  is in the casino for example at stake.com, things are usually done in different ways, first of all we are people who like to enjoy the game and it is known that we are not playing a lot, because we want to do things very well. And for that reason, the least we should think about is the fee rates because of how high they are or something like that, that's why I'm talking about this casino because the transaction rates are quite low, but things have to happen right, also in Bitcoin. They don't even charge a Transaction fee to leave and make a good withdrawal, so if we play in casinos that are really reliable, that take care not to think that this could be one of the ways that could harm us with bitcoin, at least In these casinos it is like that , of course, not all casinos currently have this, the casinos now have many that do not have this that they assume the majority of the fee, or that the fee is very small, there are only a few casinos that do it.

Now, when we are in the process of doing the best possible in a game, we must always maintain the best, sometimes we as players have a lot on our mind , First of all some players are not very well, because they feel stressed, they Feel pressure to to be Able to win, in reality we do not Know how many struggles players have in a casino, there are some who play with the prevailing need to win, something that I never recommend doing, but no matter how much it has been talked about in different forum forums, There arePlayers who still Believe that the Casino is or can be Considered a job, or that they can earn an Income Similar to that of a job or something like tha t, that is Something that we should never Alow , that is why we should always do everything possible to be well with Everything, and a casino that at the end of the day afterDoing good management, the least we want is for them to take money from us just for withdrawing , that is what we Should avoid.

I'm sure they're doing fine. It's the gamblers that have to adjust.

How are the gamblers adjusting? They use other coins, they wait longer before withdrawing, they deposit more instead of many small transactions a month they deposit a single one, some use lightning.
Of course last but not least, they pay lower fee and wait longer for their transaction. You don't have to pay $20 to send your bitcoin. You can pay $5 and it's still going to get through, just in 2 days or something like that. Don't be greedy guys, just wait and don't lose money for nothing.

I am with your position regarding highest fees transaction when using bitcoin for depositing fund, some responds give alternative convert from bitcoin to be fiat or altcoin how to reduce fees transaction. But not all gambling platform supported with altcoin deposit, last days I won sport betting and my balance $0.001 BTC and minimum withdrawing before fees deduction is 0.001 BTC, my fund not enough yet and I have thing when deposit btc to my gambling platform account need bigger fund because fees transaction of bitcoin highest right now. Its easily convert to altcoin when btc fees highest but not all gambling platform have altcoin fund deposit.

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Not easy for gambling platform with bitcoin fund deposit supported only because transaction get delay more than two hours and need to pay higher fees each time deposit and withdrawing.

This is a common issue of course but that is inherent to bitcoin and the currently chosen block size that is unlikely to change in the near future as it is the income of the miners that support the network. However, there are always cheap fee alternative, so you need to seek for sites that would accept Litecoin or other low-fee alternatives to the Bitcoin transaction itself.

It will have a big impact to any casino who only using a Bitcoin as the deposit method. Its a doomsday for them, there is no way to fix it.
Except if they dare to burn the money with cover the user transaction fees, but I doubt any casino will do that.

Things should be normal on any casino who offers different coins as the deposit method because small/med or non VIP users will use other coins.
For highrollers and VIP with thousand of dollars deposit, Im pretty sure $10 to $30 is not a big deal for them and they are aware of what happen with the BTC network.

I think that increasing bitcoin fees on the network is not disturbing at all for gamblers considering that most crypto gamblers use alternative networks besides bitcoin for their gambling activities. For example, I use Litecoin which I think is faster, cheaper and easier to use for deposits or withdrawals from my gambling platform. Using Litecoin is no different from using Bitcoin, so I thought why force myself to use the Bitcoin network for my gambling activities, and maybe other gamblers also think the same way as me.

Even the best casinos may end up spending way too much on transactions and still fail, because the blocks are quite heavily volatile right now, they end up being like one price at one moment, you pay just a little bit more and get it quickly, then it rises even more than what you paid so you end up waiting.

It is not really an issue right now to me, it can take as long as it should, as long as I am provided with a proof that the money is sent to me, I feel like I am going to end up being fine, I will not care about it. I get that some people may want quicker returns, but to me that's not really a big deal, I can just feel fine about it and not really care when it arrives, I know it's on the way so why would I care, it can take as high as 24 hours and I will be able to wait. This is why I keep saying they shouldn't even pay that much fee for my transaction, just pay that money to me and I would be willing to get paid slower but get paid a lot more money as well.

For now, with the increase in transaction costs from bitcoin, gamblers are using altcoins if they want to deposit some money for gambling. That can help gamblers who still want to gamble at times like these.
But we know that those who already gamble often won't stop them even if bitcoin transaction fees become higher. They can use other methods to keep gambling.
Casinos won't have much of an impact with high transaction fees but we don't know. Maybe the casino will also increase its transaction fees to match existing transaction costs.