Topic: Casinos Withdrawal Fees Rise (!?)|| October 2020 - page 11. (Read 6360 times)

High casino fees are for our own good if you understand it wisely. They use the fees to send our transaction with much higher fee to get it confirmed and have our coins in our hands quick. On the other hand, if some casinos allow us free withdrawals, that should be counted as their generosity. I play at betnomi as they allow me to withdraw in any crypto and I save fees that way because there are some altcoins available with cheaper fee and I withdraw them to save myself some bucks.

Only a few online casinos does offer free withdrawal fees and when the time comes where network is clogged up then they would really need to impose huge or bigger fees
unless if the do stick out on less then that withdrawal would take more longer and that will surely frustrate those users who are on that platform unlike for those who set
out fees which are dynamic ones then its expected that it will really be correlate on the current network congestion this is why i do really skip on making withdrawals or
even transactions neither on gambling or trading when this do happen.I do wait up for the network to relax a bit before proceeding.

All the casinos seem to be using the same terrible fee algorithm. The mempool isn't even that backlogged and some places are still charging nearly $10. One of the problems is that people are paying crazy high fees to get quicker confirmation despite there only being around 10 blocks worth of unconfirmed transactions. This is driving up the fees for everybody who relies on an algorithm instead of looking at the mempool to see that it is not that full and you can probably go with a cheaper fee.

I also often wonder why there are such high fees. The only thing I can think of is that they work with certain companies that also want to ask for a commission.
And as for the bitcoin, that could also be, only you have the network costs. They are not capitals either, but still. If a casino had to cover the network costs of all payouts, it will be expensive.
Some casino's do, and some do not.

Earnbet seems to be one of the cheapest ones out there. I feel like withdrawal fees are not as big of a deal as they used to be because we could always pick another coin that is very low on fees if we want to. I understand that many big places that accepts bitcoin only are in big trouble and that will definitely be a bit of a problem in the end, however I feel like there are a lot more places that accept things like XRP and Doge which is accepted in many places, so people could focus on things like that if they want to and remove all the problems with having high fee with coins like btc and eth. Obviously we would rather gamble with eth or btc if we could but it is not really ideal right now, but gambling with doge is already fixing a ton of problems so we are doing fine.

I guess the stuck transaction was done in bitcoin, that's one among other problem with this coin while gambling with it on the casinos, including the withdrawals. The above have made me switched from bitcoin to TRX, most of my gambling platforms am currently participating are those that accept altcoins which are far lesser in transaction compare to bitcoin.

Mempool went to zero a few days ago but then back above 20k yesterday so I guess most casinos will be doing their best to keep up. Yolo still at 56k (for batch) so your table is correct, but Crypto-Games doing Lightning Network is a very interesting development. Maybe we can all ask different casinos to do something about it too:)

I switched to XRP for tranfsering between casino's and for withdrawing. I only withdraw BTC when I want to put it safe in a paper wallet. Last weeks I had a transaction which was stuck for 3 weeks and I don't want to have that again.

I hope the withdrawal fees will decreased because sometimes theit withdrawal fee is not good,  let say the bitcoin transaction rising but it doesnt mean that they need to rise the transaction a lot.  I use alternative altcoins such as Ripple so I can save money because if we use bitcoin for the transaction we lost some money so be wisely and choose casino who accepting altcoins and better to play now in that casino.

The price of bitcoin dancing or trying to get dancing at $ 16,000. Lovely but this is reflected in the increased fees of some casinos.

This month the table brings interesting things, first I have incorporated two new casino "duelbits, vipgame," the first incorporates a withdrawal amount of $ 50, thus joins Roobet.com as the only two casino that have established their withdrawals in dollars as a basis for conversion to BTC.

The other remarkable and novel thing is that "Crypto Games" incorporates LN, simply great for those users who are using LN channels.

Roobet incorporates three types of withdrawals Low, medium, High giving alternatives when withdrawing your money.


The colors in the table:
The white in the first column indicates that you have incorporated some important new feature.
The colors in the date column indicate that the fee has changed, if the color is the same the fee remains the same. If there are several colors for a particular casino it simply indicates that it has had several changes.

e.g. The change color of Oct 17 was yellow for that date, only two casinos kept that color PrimeDice and Chips, of course gray is the initial color and only a few casinos have kept the same rate since August 12.

Remember that these rates are reference and are subject to change by parts of the casinos mentioned at any time in fact in the case of "Crypto Games, Earnbet and Casineos" mention that the fee may be different from the one shown on the screen at the time of withdrawal . With the exception of those casinos, the others will charge you the amount indicated on the screen.

The color thing is as @Viscore (ty) mentions.

As for Crypto.Games, if you verify it now, it is possible that the fee is different, so in the previous one it was o.ooo39 with "*" this time I left it at 0.0 but in yellow, because it is not fixed, it is variable.

These are screenshots from right now, for the highest in:



And the lowest fee:


And the previous one with the " * ":



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As I check on the chart, yellow means there is a change in fees. And the good thing is that many gambling sites lower down their withdrawal fees which exactly the best thing to do just to cope up and go along with the gambler's demand.

But a big surprise that Chips asking for a fee this time while the others are consistent with no fee at all.
Well, I hope that they get back to zero again.

You posted Crypto-games as now having 0 fees for withdrawal, is this accurate? What does the yellow cell indicate?

Interesting that roobet does the fee in a dollar amount actually, I really didn't know that.

So it's just FJ, SWC and Luckybit and SB who have no fees charged for withdrawal right?

This month the casinos have kept the fees down for the most part, at least those in this table, the others (fees) remain the same, with an "acceptable" fee that does not change. This month, unlike the previous ones, none made changes to the bullish. (   )

Another interesting issue is that several casinos incorporated "Exchange" as an added value to incorporate more utility for those who want or need it at a certain time, read the conditions of these Swaps well because some can charge up to 10% of the amount involved.


All the information provided in said table has been reviewed as of today 17-10, so if you see any change in the rate in relation to what you know, check first. As you can see in the table the "fees" change with the passing of the days.

If you do not see your casino in the table shown there is a table in BTCGOSU that can help you.

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Tower.bet offers the standard withdrawal and the Fast withdrawal for the same amount, you can check it in the image:



G.B.

...//... betting with bitcoin only, then you can play at stake.com because they offer 0.00005 btc fee, the lowest i have seen among all the casinos.
[/quote]

Really!!No.

Please read the information provided here. I do not understand the misinformation in your post.

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Thanks for the information and details, in some I already have an account in others I am taking the information from your comments. Those new casinos enter my gaming radar and consequently go to the table.

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Source: Casinos.
[1] Fee adjusting bar.
[2] Roobet is the only casino on the list that shows fees in dollars.
[3] Not active.
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Please! Tower.bet tiene exchange.

Most of the crypto gambling sites today has a simple exchange inside it. Crypto.games is just one, I've been playing the lotto there from time to time and the opportunity knocks when Stratis suddenly announce the new development of the project so instead of withdrawing BTC, I exchange mine to Stratis while the price keeps rising. This is like gambling while trading.

Withdrawing altcoins is cheaper. There are users who just don't want altcoins though so its still their choice not to.

There are several gambling sites nowadays that do really have that exchange feature ex. Crypto-games where you can possibly exchange or convert your btc on your desired altcoin and do make
withdrawal later on which i can say that it is really a nice feature to have on a gambling site specially on times like these where fees are way too high. Im not really that surprised
that there would really be a day where fee is really a burden even on trading matters which its all the same.

Didn't knew about it. I use to be more active in freebitco 2 years back and at that time there was no fee for the auto withdrawal but tradeoff was that we need to wait a few days before we could get the money in our personal wallets. Still 24 Hrs fee of 3949 satoshis is very cheap if we compare them to any casino withdrawal fee.

unfortunately in some gambling places there is no one that does not provide a solution for withdrawing with altcoins, if at the beginning you used XRP you might be able to withdraw with XRP, but if at the beginning you made a deposit using bitcoin then how to make withdrawals with other coins because exchanges can not be made at the gambling venue.

Try using XRP on casino instead.  The fees in making transactions with XRP seem to not change.  The only that you would not like is that the price don't spike high which if you have it, its not growing.

Making transactions in BTC also takes a lot of confirmation before it goes through. The casino I'm working with even asks that if we could consider XRP as pay for promoting them. I don't mind so I also use XRP to bet.


Its the first time I heard of tower.bet but I think its fair withdrawal fee. Exchanges are asking the same amount too.