Casinos Withdrawal Fees Rise (!?)|| October 2020 - page 14.

ralle14

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Quote from: carriebee on August 28, 2020, 01:28:14 AM

It is best if Op could cite what betting site he is using. During these days withdrawal fees increase in mostly betting site and always be updated if that casino is still having an update to the users. Also, we should always be aware of the feedback from other users who mostly bet since there are also casinos not trusted these days. There are many top online casinos and we have always an option to switch to it.

OP did mention the casinos he used in the previous page.

Quote from: Sadlife on August 27, 2020, 06:45:41 AM

Clearly that shows some red flag, and that casino shouldn't be trusted in the first place. Users shouldn't never be disabled of withdrawal through increasing fees in an insane amount. It only means that casino or gambling site cannot be trusted with your Crypto's, and should be immediately reported here in the forum, to warn others.

You can't blame the casinos for increasing the fees during this time because they're only following the recommended fee so that our withdrawals won't get stuck.

pikkie

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Quote from: qomariah95 on August 27, 2020, 04:03:05 PM

Quote from: dre1982 on August 27, 2020, 06:53:00 AM

Quote from: Kupid002 on August 27, 2020, 04:28:02 AM

Quote from: dre1982 on August 26, 2020, 12:55:25 AM

To transfer between casino's I often convert it to DOGE so it's faster and much cheaper to transfer. Only when I want to withdraw the funds to my wallet I withdraw it as BTC.

its the same you need to transfer your bitcoin to exchange which you will be required to pay for transfer fees + conversion fee of the exchange. Unless you already have available Doge in your wallet and you don't need to convert it using exchange.

I do that of course only at the casino's where you can exchange it on the site itself. That's always cheaper then paying the fees for withdrawing bitcoin.

If you make a withdrawal using bitcoin, it must be expensive. It's not only in gambling, it's the same in exchange. For this reason, I have never made bets using bitcoin. My choice is 3 coins, TRX, DOGE and LTC. Of the three coins, I use DOGE more often. because the main reason is low cost withdrawals.

As far as I know, some gambling places still accept bitcoin withdrawals and in my opinion there are still websites that don't increase their shipping costs because that's their advantage, while several other gambling places have started to increase their shipping costs because bitcoin transactions are getting busier.

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Quote from: Sadlife on August 27, 2020, 06:45:41 AM

Clearly that shows some red flag, and that casino shouldn't be trusted in the first place. Users shouldn't never be disabled of withdrawal through increasing fees in an insane amount. It only means that casino or gambling site cannot be trusted with your Crypto's, and should be immediately reported here in the forum, to warn others.

It is best if Op could cite what betting site he is using. During these days withdrawal fees increase in mostly betting site and always be updated if that casino is still having an update to the users. Also, we should always be aware of the feedback from other users who mostly bet since there are also casinos not trusted these days. There are many top online casinos and we have always an option to switch to it.

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Quote from: dre1982 on August 27, 2020, 06:53:00 AM

Quote from: Kupid002 on August 27, 2020, 04:28:02 AM

Quote from: dre1982 on August 26, 2020, 12:55:25 AM

To transfer between casino's I often convert it to DOGE so it's faster and much cheaper to transfer. Only when I want to withdraw the funds to my wallet I withdraw it as BTC.

its the same you need to transfer your bitcoin to exchange which you will be required to pay for transfer fees + conversion fee of the exchange. Unless you already have available Doge in your wallet and you don't need to convert it using exchange.

I do that of course only at the casino's where you can exchange it on the site itself. That's always cheaper then paying the fees for withdrawing bitcoin.

If you make a withdrawal using bitcoin, it must be expensive. It's not only in gambling, it's the same in exchange. For this reason, I have never made bets using bitcoin. My choice is 3 coins, TRX, DOGE and LTC. Of the three coins, I use DOGE more often. because the main reason is low cost withdrawals.

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Quote from: Natalim on August 27, 2020, 07:52:00 AM

Quote from: dre1982 on August 27, 2020, 07:43:57 AM

Quote from: ralle14 on August 27, 2020, 04:25:36 AM

Quote from: dre1982 on August 26, 2020, 04:18:36 AM

Still no fees are great. Are they withdraws instant of do they collect it and create bulk withdrawals to pay not that much fee at the end?

From my experience they don't process the withdraws instantly and it's one of the reasons why I move to a different sportsbook. I still remember their withdraw speed was kind of similar to nitrogensports.

Well if they collect withdraws to sent out at once and if the users dont have to pay the fees I could live with that. Wish all casino's did that. I knew there was a site where you could choice if you wanted to withdraw it instant or just wait for a bulk withdraw to pay a lot less fee.

Based on experience also, I only experience with sportsbet.io the instant withdrawal and it's also free.
However, the downside is the betting odds, it's not that competitive with other sportsbook and though they have a price boost, but it's not for every bet.

Yeah, I also had the same experience. I am starting to think now that you really can't have all the goodness in one online casino website. If you have any other great online casino suggestion, please do leave it here.

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Quote from: dre1982 on August 27, 2020, 07:43:57 AM

Quote from: ralle14 on August 27, 2020, 04:25:36 AM

Quote from: dre1982 on August 26, 2020, 04:18:36 AM

Still no fees are great. Are they withdraws instant of do they collect it and create bulk withdrawals to pay not that much fee at the end?

From my experience they don't process the withdraws instantly and it's one of the reasons why I move to a different sportsbook. I still remember their withdraw speed was kind of similar to nitrogensports.

Well if they collect withdraws to sent out at once and if the users dont have to pay the fees I could live with that. Wish all casino's did that. I knew there was a site where you could choice if you wanted to withdraw it instant or just wait for a bulk withdraw to pay a lot less fee.

Based on experience also, I only experience with sportsbet.io the instant withdrawal and it's also free.
However, the downside is the betting odds, it's not that competitive with other sportsbook and though they have a price boost, but it's not for every bet.

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Quote from: ralle14 on August 27, 2020, 04:25:36 AM

Quote from: dre1982 on August 26, 2020, 04:18:36 AM

Still no fees are great. Are they withdraws instant of do they collect it and create bulk withdrawals to pay not that much fee at the end?

From my experience they don't process the withdraws instantly and it's one of the reasons why I move to a different sportsbook. I still remember their withdraw speed was kind of similar to nitrogensports.

Well if they collect withdraws to sent out at once and if the users dont have to pay the fees I could live with that. Wish all casino's did that. I knew there was a site where you could choice if you wanted to withdraw it instant or just wait for a bulk withdraw to pay a lot less fee.

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Quote from: dre1982 on August 27, 2020, 06:53:00 AM

Quote from: Kupid002 on August 27, 2020, 04:28:02 AM

Quote from: dre1982 on August 26, 2020, 12:55:25 AM

To transfer between casino's I often convert it to DOGE so it's faster and much cheaper to transfer. Only when I want to withdraw the funds to my wallet I withdraw it as BTC.

its the same you need to transfer your bitcoin to exchange which you will be required to pay for transfer fees + conversion fee of the exchange. Unless you already have available Doge in your wallet and you don't need to convert it using exchange.

I do that of course only at the casino's where you can exchange it on the site itself. That's always cheaper then paying the fees for withdrawing bitcoin.

if i may add, xrp is also a very good candidate in replacement of btc withdrawal from casinos. that is if your casino is offering to have internal exchange and can exchange it to xrp. fast and very cheap!
so these casinos should look into offering internal exchange and have alternative alts that the player can opt to whenever btc is having high tx fees and not practical to use the btc network

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Quote from: Kupid002 on August 27, 2020, 04:28:02 AM

Quote from: dre1982 on August 26, 2020, 12:55:25 AM

To transfer between casino's I often convert it to DOGE so it's faster and much cheaper to transfer. Only when I want to withdraw the funds to my wallet I withdraw it as BTC.

its the same you need to transfer your bitcoin to exchange which you will be required to pay for transfer fees + conversion fee of the exchange. Unless you already have available Doge in your wallet and you don't need to convert it using exchange.

I do that of course only at the casino's where you can exchange it on the site itself. That's always cheaper then paying the fees for withdrawing bitcoin.

Sadlife

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Clearly that shows some red flag, and that casino shouldn't be trusted in the first place. Users shouldn't never be disabled of withdrawal through increasing fees in an insane amount. It only means that casino or gambling site cannot be trusted with your Crypto's, and should be immediately reported here in the forum, to warn others.

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Quote from: peter0425 on August 27, 2020, 05:10:13 AM

Quote from: Sadlife on August 11, 2020, 08:24:13 AM

To those players who are unable to withdraw you should just deposited small amounts instead of big bankroll. This should be a lesson learned.

mate gamblers have different rate of playing,you cannot advise those big players to do such move because this is out of their strategy.

Probably does not have an idea what's saying.
The problem here is the high withdrawal fee in gambling sites, not the amount they gamble.

Actually if we will follow his advise to deposit a small amount, then for sure we will feel the withdrawal fee which is big.
These days, if we gamble using bitcoin, we can't deposit or withdraw $1 due to high fees.

peter0425

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Quote from: Sadlife on August 11, 2020, 08:24:13 AM

I understand casino owner's with this kind of move it's to protect their business, especially when Bitcoin had such a massive move through the upside, they will end up in losses for sure.

Or they are just taking advantage of the situation?what is the difference of the fees when the bitcoin price is volatile?
they can even charge same value since it will grow whenever the price of bitcoin up as well.

Quote

To those players who are unable to withdraw you should just deposited small amounts instead of big bankroll. This should be a lesson learned.

mate gamblers have different rate of playing,you cannot advise those big players to do such move because this is out of their strategy.

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Quote from: dre1982 on August 26, 2020, 04:18:36 AM

Quote from: tyz on August 26, 2020, 03:51:23 AM

I recently withdrew from FortuneJack casino. Here are the details.

Casino Name: FortuneJack
Actual Fee: No fees.
Previous Fee: No fees.
Swap: N/A
Comment / opinion / additional details: There are no fees but minimum withdrawal amount is 0.004 which is quite high at the current Bitcoin price.

Still no fees are great. Are they withdraws instant of do they collect it and create bulk withdrawals to pay not that much fee at the end?

I tried last time and its instant widrawal and they not ask for widrawal fees for players. The only issue is if you want to deposit because you cannot avoid bitcoin fees if you are the one who will send it to fortunejack.

Quote from: dre1982 on August 26, 2020, 12:55:25 AM

To transfer between casino's I often convert it to DOGE so it's faster and much cheaper to transfer. Only when I want to withdraw the funds to my wallet I withdraw it as BTC.

its the same you need to transfer your bitcoin to exchange which you will be required to pay for transfer fees + conversion fee of the exchange. Unless you already have available Doge in your wallet and you don't need to convert it using exchange.

ralle14

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Quote from: dre1982 on August 26, 2020, 04:18:36 AM

Still no fees are great. Are they withdraws instant of do they collect it and create bulk withdrawals to pay not that much fee at the end?

From my experience they don't process the withdraws instantly and it's one of the reasons why I move to a different sportsbook. I still remember their withdraw speed was kind of similar to nitrogensports.

Quote from: famososMuertos on August 26, 2020, 11:19:38 PM

although be careful some casinos require that you bet a certain wager on your deposit.

Usually the wagering requirement is at least 1x of your deposit and because of this rule I always assume casinos to have these rollovers.

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@tyz I verify and include it, I am making the list with the casinos that I am getting to know, from the list shown in some I have deposited in others not, the idea is that sometimes the casinos are left with an amount trapped by the withdrawal conditions, $ 5, $ 10 in various casinos add up, but knowing the fees and limits you can redeem funds, for example Fortunejack is one of the highest I have seen in withdrawal condition, but if you have $ 20 and want to redeem them, deposit the difference and voila, although be careful some casinos require that you bet a certain wager on your deposit.

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Quote from: tyz on August 26, 2020, 03:51:23 AM

I recently withdrew from FortuneJack casino. Here are the details.

Casino Name: FortuneJack
Actual Fee: No fees.
Previous Fee: No fees.
Swap: N/A
Comment / opinion / additional details: There are no fees but minimum withdrawal amount is 0.004 which is quite high at the current Bitcoin price.

Still no fees are great. Are they withdraws instant of do they collect it and create bulk withdrawals to pay not that much fee at the end?

tyz

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I recently withdrew from FortuneJack casino. Here are the details.

Casino Name: FortuneJack
Actual Fee: No fees.
Previous Fee: No fees.
Swap: N/A
Comment / opinion / additional details: There are no fees but minimum withdrawal amount is 0.004 which is quite high at the current Bitcoin price.

dre1982

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

That bitcoin rises and consequently the withdrawal fees rise, we are used to it, but this time some casinos have increased up to 300% or more, I do not know if anticipating that bitcoin continues to increase.

The increase should always be proportional to the increase in bitcoin or fairly close.

How much does it bother you that it increases disproportionately? Do you change casino for this reason?

Let's go! It is not that they are so exorbitant amounts compared to some exchanges, for example.
But there are players who are moving their balances from one place to another looking for bonuses etc.

Generally those that move in a bankroll between $ 10 and $ 100. This affects them, a withdrawal commission of $ 3 after paying before (bitcoin price +/- $ 9500) $ 0.45 is taking away a percentage of profit from the players of the micro-bets.

Please! Big cash out players, we understand how insignificant the increase is for you. Cool

But sometime in his successful career, he had the experience of paying a commission that meant 30% of his withdrawal of funds. (!?)

To transfer between casino's I often convert it to DOGE so it's faster and much cheaper to transfer. Only when I want to withdraw the funds to my wallet I withdraw it as BTC.

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

That bitcoin rises and consequently the withdrawal fees rise, we are used to it, but this time some casinos have increased up to 300% or more, I do not know if anticipating that bitcoin continues to increase.

The increase should always be proportional to the increase in bitcoin or fairly close.

How much does it bother you that it increases disproportionately? Do you change casino for this reason?

Let's go! It is not that they are so exorbitant amounts compared to some exchanges, for example.
But there are players who are moving their balances from one place to another looking for bonuses etc.

Generally those that move in a bankroll between $ 10 and $ 100. This affects them, a withdrawal commission of $ 3 after paying before (bitcoin price +/- $ 9500) $ 0.45 is taking away a percentage of profit from the players of the micro-bets.

Please! Big cash out players, we understand how insignificant the increase is for you. Cool

But sometime in his successful career, he had the experience of paying a commission that meant 30% of his withdrawal of funds. (!?)

Since I gamble for very little money this really bothers me because the commissions are simply too high for me to pay and when you add that I do not really like the idea of leaving my coins in a casino then this means that I will have to pay even more fees as I deposit and withdraw my coins constantly.

This has limited my gambling activities but in a way this is a good thing after all this is not really the moment to gamble a lot of money when you never know if you're going to get fired from your job and you will need to begin to save as much money as possible until you find the next one, something not easy to do in this difficult economic situation.

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Quote from: dre1982 on August 25, 2020, 12:56:19 AM

I don't mind if the sites use a dynamic system to calculate the correct fee. I like when you got the option to select if you want a slow/normal/fast withdraw with the right fee.

But they have to pay the fee they charge you. I had in the past some site which didn't do that.

you are going to withdrew , your also going to pay your fees and not the website . i like it if we have 3 options to choose from when withdrawing just like what you described above but if there isnt , its fine because we have no choice if we have funds stuck inside and wants to withdrew it we will accept whatever the fees are but we we should think again next time if we will depo on that site because of the fees or not .

Topic: Casinos Withdrawal Fees Rise (!?)|| October 2020 - page 14. (Read 6360 times)