Casinos Withdrawal Fees Rise (!?)|| October 2020 - page 12.

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Quote from: MFahad on September 04, 2020, 11:15:50 AM

Quote from: Google+ on September 03, 2020, 03:47:48 AM

Quote from: dre1982 on August 31, 2020, 12:44:48 AM

Maybe some casino's should give the user the options for bulk withdrawals. If they want their withdraw will be collected and send out every 4/6 hours in a bulk and pay less fee.

I would go for such options. I can wait for a withdraw. In most times I don't need the money that fast.

indeed there are some gambling places that implement this but I am sure it is not that good because some members want to withdraw their funds quickly and they are also chased by the price of coins at exchanges because when they are sending coins to the exchange wallets if it is too long so there is a risk that the price may collapse before your withdrawal is made, it will cost you some of your money.

If i remember correctly, freebitco offer this. They have an auto withdrawal option where the funds are withdrawal to the provided address on every Sunday and that's the cheapest way to cash out from that site. But this process of bulk cash out is not available on other gambling sites.

Currently the auto sunday withdrawal fees and slow 24 hours fees the same at 3949 satoshis while instant fees are 16.7K satoshis. They provide one of the cheapest withdrawal fees as many people also use them as a wallet as they provide interest on the deposit. Almost all of the gambling sites go with bulk batches nowadays when we are cashing normal.

MFahad

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Quote from: Google+ on September 03, 2020, 03:47:48 AM

Quote from: dre1982 on August 31, 2020, 12:44:48 AM

Maybe some casino's should give the user the options for bulk withdrawals. If they want their withdraw will be collected and send out every 4/6 hours in a bulk and pay less fee.

I would go for such options. I can wait for a withdraw. In most times I don't need the money that fast.

indeed there are some gambling places that implement this but I am sure it is not that good because some members want to withdraw their funds quickly and they are also chased by the price of coins at exchanges because when they are sending coins to the exchange wallets if it is too long so there is a risk that the price may collapse before your withdrawal is made, it will cost you some of your money.

If i remember correctly, freebitco offer this. They have an auto withdrawal option where the funds are withdrawal to the provided address on every Sunday and that's the cheapest way to cash out from that site. But this process of bulk cash out is not available on other gambling sites.

fiulpro

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This is outrageous; I do understand for a fact that the gambling sites and other sites needs to consider this if they do have to keep the customers coming.

They can set up a percentage in USD not dependent on the Bitcoins. This would even protect the companies from taking losses during a low time.

Fact is when people think about choosing XRP coins and such they don't want to go through the trouble of changing it to Bitcoins later on for long term holding and therefore the solution needs to be done for a permanent basis.

Right now I do think that people wants to gamble more since the value of Bitcoins is fairly good , let's see what the sites view point will be on this problem.

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Quote from: Becky666 on September 04, 2020, 07:07:23 AM

Quote from: Saisher on September 04, 2020, 06:16:34 AM

Quote from: Genemind on August 07, 2020, 06:48:05 PM

That is why I avoid gambling with bitcoin especially when the price rises. Moving your funds from one place to another cost a lot. I switch to altcoins to avoid this absurd fee, there are casinos where you can choose your favorite coin, you can always try XRP which I believe is one of the best options in terms of withdrawal fees.

That's the best solution to this even Ethereum is not recommended because of the high fee which until now is a big issues to traders, the best option right now are Tron, Litecoin, Doge, XRP altcoins are more preferable today not only in gambling but on many transactions, now and it will take sometime to fix this, because of the many factor, one of them is DeFi on Ethereum platform.

Ethereum for me is the worst means of doing any cryptocurrency transactions as you have already stated above. The #defi(word) of a thing has just ruined the privileges we have overtime enjoyed doing transactions with ethereum. Though, this is expected as many coins has now joined the defi world because of it magic.

Gamblers should find other alternatives to transact their withdrawal from gambling platforms. Currently am gambling with TRON dapps and have been doing this during the surge of ethereum. Although am in love with series of gambling platforms without TRON option but for my funds safety am out for now till the price normalize.

Why would we rely in a coin with high transaction fee, we have to find other alternative as I think our gambling sites, most of them are offering different alternative for coins use for gambling. At the moment, Bitcoin and ETH (especially this one) has a high transaction fee, how about using TRON? yes you are right, or doge, or even XRP.

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Quote from: Saisher on September 04, 2020, 06:16:34 AM

Quote from: Genemind on August 07, 2020, 06:48:05 PM

That is why I avoid gambling with bitcoin especially when the price rises. Moving your funds from one place to another cost a lot. I switch to altcoins to avoid this absurd fee, there are casinos where you can choose your favorite coin, you can always try XRP which I believe is one of the best options in terms of withdrawal fees.

That's the best solution to this even Ethereum is not recommended because of the high fee which until now is a big issues to traders, the best option right now are Tron, Litecoin, Doge, XRP altcoins are more preferable today not only in gambling but on many transactions, now and it will take sometime to fix this, because of the many factor, one of them is DeFi on Ethereum platform.

Ethereum for me is the worst means of doing any cryptocurrency transactions as you have already stated above. The #defi(word) of a thing has just ruined the privileges we have overtime enjoyed doing transactions with ethereum. Though, this is expected as many coins has now joined the defi world because of it magic.

Gamblers should find other alternatives to transact their withdrawal from gambling platforms. Currently am gambling with TRON dapps and have been doing this during the surge of ethereum. Although am in love with series of gambling platforms without TRON option but for my funds safety am out for now till the price normalize.

Saisher

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Quote from: Genemind on August 07, 2020, 06:48:05 PM

That is why I avoid gambling with bitcoin especially when the price rises. Moving your funds from one place to another cost a lot. I switch to altcoins to avoid this absurd fee, there are casinos where you can choose your favorite coin, you can always try XRP which I believe is one of the best options in terms of withdrawal fees.

That's the best solution to this even Ethereum is not recommended because of the high fee which until now is a big issues to traders, the best option right now are Tron, Litecoin, Doge, XRP altcoins are more preferable today not only in gambling but on many transactions, now and it will take sometime to fix this, because of the many factor, one of them is DeFi on Ethereum platform.

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Today I have been reviewing the Tower casino and I have noticed that it has defined three Fee models:
Fast: 0.00046 BTC
Standard: 0.00042
Slow: 0.0004 BTC

Source: https://tower.bet/withdraw?symbol=BTC

The fee has already changed, previous 0.00029 BTC.

It also happens with ETH:
Fast: 0.0053 ETH / 24 seconds.*
Standard: 0.0038 ETH / 4 minutes.*
Slow: 0.0038 ETh /19 minutes.*

*Estimated time.
Source: https://tower.bet/withdraw?symbol=ETH

Quote

The table with all the other casinos I plan to update between September 15 and 20.

_

Source: https://tower.bet/withdraw?symbol=BTC

Source: https://tower.bet/withdraw?symbol=ETH

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Quote from: dre1982 on August 31, 2020, 12:44:48 AM

Maybe some casino's should give the user the options for bulk withdrawals. If they want their withdraw will be collected and send out every 4/6 hours in a bulk and pay less fee.

I would go for such options. I can wait for a withdraw. In most times I don't need the money that fast.

indeed there are some gambling places that implement this but I am sure it is not that good because some members want to withdraw their funds quickly and they are also chased by the price of coins at exchanges because when they are sending coins to the exchange wallets if it is too long so there is a risk that the price may collapse before your withdrawal is made, it will cost you some of your money.

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Quote from: MFahad on August 30, 2020, 06:36:49 PM

Quote from: RapTarX on August 29, 2020, 11:56:14 AM

Hell, I didn't even notice too although I have not withdrawn from casino for more than a month almost as I'm having regular bets these days. Although, LN isn't get much attention yet and not much casino allows LN payments, I guess people should bet on casinos which allow LN if they are quite worried about the fee.

People prefer to withdraw in altcoins because that cost them less fee. Also many people have no knowledge about Lighting Network LN. Regular gamblers who gamble daily do not need to withdraw often and usually they withdraw if they are in need of money.

Two points on your post. You are right. But, even if you have knowledge about the Lighting Network, there are not many casinos yet which support LN transactions. I have already written to some sites (not only casinos), whether they also offer LN transactions, almost all were negative or the statement came that they want to offer it at some point. Your second point that regular gamblers do not have to withdraw often is critical. Because if you have gains you should payout regularly and keep only a limited amount on your casino account, because you never know if the casino still exists tomorrow.

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Quote from: dre1982 on August 31, 2020, 02:09:50 AM

You're 100% correct with that.

I normally pick the cheapest option of fee to withdraw and havent been waiting for days. The longest I had to wait was 20 hours or something like that.

I also got a few times I choice the highest fee and after that no blocks were find for almost 1.5 hours so then you still have to wait a long time.

Exactly. I have been put through over a week's waiting but this was IIRC 2017 or 2018 when we had something like 250k mempool for days, and there was no way for the casino to adjust the fees, later RBF was possible so even they would do something if it took longer than a few days. But these days, even on lowest fee on any casino I play at it's not even a day's wait.

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Quote from: bobyhodob on August 31, 2020, 06:38:35 PM

Quote from: carlfebz2 on August 31, 2020, 05:04:20 PM

Quote from: Twentyonepaylots on August 31, 2020, 02:49:15 PM

Quote from: Debonaire217 on August 30, 2020, 11:50:58 PM

Would there be any other ways for you to cash out? I see bitcoin and ethereum are the top cryptos that have a very huge transaction fee, and I think it also affects how casinos set their withdrawal fees.

Yes it does, apart from the selected network that you want to withdraw say bitcoin or ethereum, there is other fee that you are paying from the casino itself. Bitcoin and ethereum fees are on fire right now, both are freaking high but ethereum's network today is burning Shocked

I was about to withdraw in ethereum but I saw the fee its higher than bitcoin so I jumped back from withdrawing bitcoin.

I guess you need to compare it first when you wanna save some bucks for the fees.

For small time gamblers then checking it out first would really be our main priority because it can really decrease out in terms of our profits but for those who do play big time then these
numbers wont really be a bothersome yet they dont really care on how much they do pay up for fees.

Some casinos doesnt give out a fee or charge additional into that network fee which is great but there are some that really adds up which make even more bigger.

There are no other options but to take that altcoin path for you to withdraw if there are options available.

Unfortunately not only are some gambling places that provide this facility while well-known gambling places such as casineos and other gambling places still require fees to make withdrawals but at gambling establishments that provide altcoins as an option to make faster withdrawals so the best choice for now is indeed with altcoins because the withdrawal fees will be cheaper and faster.

And right now, if there are other options like xrp or doge, it is better to use them when you withdraw because btc is really expensive and you will feel the effect of it if you are just a small time player. So it is the advantage of the casino to offer alternative options to withdraw and if possible if they can have internal exchange that will ease the burden of players in converting their coin to other currencies.

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Quote from: carlfebz2 on August 31, 2020, 05:04:20 PM

Quote from: Twentyonepaylots on August 31, 2020, 02:49:15 PM

Quote from: Debonaire217 on August 30, 2020, 11:50:58 PM

Would there be any other ways for you to cash out? I see bitcoin and ethereum are the top cryptos that have a very huge transaction fee, and I think it also affects how casinos set their withdrawal fees.

Yes it does, apart from the selected network that you want to withdraw say bitcoin or ethereum, there is other fee that you are paying from the casino itself. Bitcoin and ethereum fees are on fire right now, both are freaking high but ethereum's network today is burning Shocked

I was about to withdraw in ethereum but I saw the fee its higher than bitcoin so I jumped back from withdrawing bitcoin.

I guess you need to compare it first when you wanna save some bucks for the fees.

For small time gamblers then checking it out first would really be our main priority because it can really decrease out in terms of our profits but for those who do play big time then these
numbers wont really be a bothersome yet they dont really care on how much they do pay up for fees.

Some casinos doesnt give out a fee or charge additional into that network fee which is great but there are some that really adds up which make even more bigger.

There are no other options but to take that altcoin path for you to withdraw if there are options available.

Unfortunately not only are some gambling places that provide this facility while well-known gambling places such as casineos and other gambling places still require fees to make withdrawals but at gambling establishments that provide altcoins as an option to make faster withdrawals so the best choice for now is indeed with altcoins because the withdrawal fees will be cheaper and faster.

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Quote from: RapTarX on August 29, 2020, 11:56:14 AM

Hell, I didn't even notice too although I have not withdrawn from casino for more than a month almost as I'm having regular bets these days. Although, LN isn't get much attention yet and not much casino allows LN payments, I guess people should bet on casinos which allow LN if they are quite worried about the fee.

I think you do not understand, in reality the fee for the bitcoin network is added to an additional fee that some casinos charge, in others even the opposite happens, the casino takes care of the fees and offers fee 0 in withdrawal.

Quote from: Mauser on August 30, 2020, 04:06:06 AM

Quote from: famososMuertos on August 07, 2020, 06:30:23 PM

.....

I didn't really notice a big change in withdrawal fees. Just cashed out $50 last weekened after winning in poker and didn't notice any new fees being charged to my account.

This might not be for every casino yet. But we as gamblers should definitely keep on eye on the fees as it can make a big part of your winnings if you still with a small bankroll.

Friend, comment on-topic, which casino do you use? that's what this thread is about, just say which casino you use and how much is your withdrawal fee.

Quote from: slaman29 on August 31, 2020, 02:02:26 AM

I never truly understood the complaints (except in very obvious cases). Every casino I have some money at has a cheap option which at most takes a couple of days to confirm. If you are so desperate for money that your casino balance is your life or death situation, then you really shouldn't be gambling at all, no?

Please comment On Topic, thank you.

No casino withdrawal takes days, if so tell me, with which casino does this happens to you? is the point of the thread.

Do not put thoughts, words that I have not mentioned, do not make prejudices or just comment off topic.

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Quote from: Twentyonepaylots on August 31, 2020, 02:49:15 PM

Quote from: Debonaire217 on August 30, 2020, 11:50:58 PM

Would there be any other ways for you to cash out? I see bitcoin and ethereum are the top cryptos that have a very huge transaction fee, and I think it also affects how casinos set their withdrawal fees.

Yes it does, apart from the selected network that you want to withdraw say bitcoin or ethereum, there is other fee that you are paying from the casino itself. Bitcoin and ethereum fees are on fire right now, both are freaking high but ethereum's network today is burning Shocked

I was about to withdraw in ethereum but I saw the fee its higher than bitcoin so I jumped back from withdrawing bitcoin.

I guess you need to compare it first when you wanna save some bucks for the fees.

For small time gamblers then checking it out first would really be our main priority because it can really decrease out in terms of our profits but for those who do play big time then these
numbers wont really be a bothersome yet they dont really care on how much they do pay up for fees.

Some casinos doesnt give out a fee or charge additional into that network fee which is great but there are some that really adds up which make even more bigger.

There are no other options but to take that altcoin path for you to withdraw if there are options available.

Twentyonepaylots

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Quote from: Debonaire217 on August 30, 2020, 11:50:58 PM

Would there be any other ways for you to cash out? I see bitcoin and ethereum are the top cryptos that have a very huge transaction fee, and I think it also affects how casinos set their withdrawal fees.

Yes it does, apart from the selected network that you want to withdraw say bitcoin or ethereum, there is other fee that you are paying from the casino itself. Bitcoin and ethereum fees are on fire right now, both are freaking high but ethereum's network today is burning Shocked

I was about to withdraw in ethereum but I saw the fee its higher than bitcoin so I jumped back from withdrawing bitcoin.

I guess you need to compare it first when you wanna save some bucks for the fees.

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I agree with you OP, you're totally right, these fees are ridiculously high.

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Quote from: slaman29 on August 31, 2020, 02:02:26 AM

I never truly understood the complaints (except in very obvious cases). Every casino I have some money at has a cheap option which at most takes a couple of days to confirm. If you are so desperate for money that your casino balance is your life or death situation, then you really shouldn't be gambling at all, no?

I think it because when a gamblers win from some gambling games, and he can make a lot of money, he wants to withdraw that money in one-time.
But then, he sees that the fee increases, and he doesn't accept the increases, so he complaint why the fee increases.
I think if he is a real gambler who always play gambling, and he can win many times, he will realize and admit that the fee can increase or decrease anytime.
I am sure that the gambler will have another option to withdraw his money, even if that means, he needs to convert his win money to the other coins.

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Quote from: slaman29 on August 31, 2020, 02:02:26 AM

I never truly understood the complaints (except in very obvious cases). Every casino I have some money at has a cheap option which at most takes a couple of days to confirm. If you are so desperate for money that your casino balance is your life or death situation, then you really shouldn't be gambling at all, no?

We are different and unique. That guy has probably no patience in waiting. I do sometimes but I never do complain instead I adjust with the way how it should be.

The best thing to do is ask the management or make a suggestion to something one does not like. Posting it here could not be help but you can get somehow the idea of every user's here how to appeals or solve your problem.

OP try to reach out the management, who knows that the management will grant wishes.

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Quote from: slaman29 on August 31, 2020, 02:02:26 AM

I never truly understood the complaints (except in very obvious cases). Every casino I have some money at has a cheap option which at most takes a couple of days to confirm. If you are so desperate for money that your casino balance is your life or death situation, then you really shouldn't be gambling at all, no?

You're 100% correct with that.

I normally pick the cheapest option of fee to withdraw and havent been waiting for days. The longest I had to wait was 20 hours or something like that.

I also got a few times I choice the highest fee and after that no blocks were find for almost 1.5 hours so then you still have to wait a long time.

slaman29

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I never truly understood the complaints (except in very obvious cases). Every casino I have some money at has a cheap option which at most takes a couple of days to confirm. If you are so desperate for money that your casino balance is your life or death situation, then you really shouldn't be gambling at all, no?

Topic: Casinos Withdrawal Fees Rise (!?)|| October 2020 - page 12. (Read 6360 times)