Update: 08/09/2020
Update/edit: 08/10/2020
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Please feel free to contribute additional topics:_ I have already commented on the reason for the increase in Fee. Several guesses with that, but "ready"
_ Yes! altcoin / shitcoin are alternative, it is not necessary to add more of that.
If you have any personal experience, specific recommendation, you would be contributing enormously.
If you know the casino fees of your campaign, it is good to know them if you know of others, also preferably add Bitcoin.
Anyway, add "substance," I'd appreciate it.
In the case of YOLOdice website, we can't deny that the withdrawal fees are significantly high which makes it impractical to withdraw such low amount of bitcoin. At the time of writing this, the "instant withdrawal" option will cost you for about 0.00117 BTC while the batch withdrawal will cost you for about 0.000585 BTC. That is why, it would be more appropriate to withdraw at least 0.03 - 0.05 amount of bitcoin on a regular basis whenever the mempool is congested.
Moreover, I also don't think if YOLOdice is making profit with regards to withdrawal. The reason why there is an increase of withdrawal fees is that ethan decides that the withdrawal fee must be proportional to the network fee and making sure that the transaction will be confirmed in the next few blocks possible.
There is nothing we can do but wait until the mempool transaction declined or cash out big.
Thank you, it is that one wants to read and even more so if it is in your signature "should" (that nothing forces it, but is restrictive from the point of what it does, promote a betting site) to know, I am surprised to read comments " like I don't gamble "or" I usually don't "and he's in Gambling and he's got a related signature.
Hopefully there will be more reading options like yours, # 2, and also from those who contribute in relation to the OP.
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This is to be expected I guess, especially in this time of pandemic because people started to prioritize first their needs and they only gamble a little compare before, that's why the gambling site increases their withdrawal fees, because they have a business to keep running as well as families to feed.
Just like what you have mentioned, clearly they are taking the advantage to take back the profits or bankroll they lost during the first wave of the pandemic. And I guess you shouldn't probably playing gambling if you're being bother by the sudden rise of their withdrawal fees cause that just means you can't afford to lose what you have.
Please! do not include or treat sensitive topics and try to relate them to my OP. I do not feel identified with your comment, not in how it intends to contextualize, if my OP led her to that, it is not the idea, my apologies.
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The OP is concerned about big player but they are not really the most affected because transaction fee is fixed to all withdrawal amount so that minimal fee will not gonna hurt them. Small players is the most affected and suffering huge withdrawal fee. It's better to gamble using altcoin like $XRP because it's fee is very cheap no matter what is the price of BTC.
Some Casino has built-in exchange, Players there are very lucky because they can avoid huge transaction fee of BTC by converting in to altcoins that has lower fee.
Don't change my context, in fact you are taking my idea in your answer.
It is not XRP or any other altcoin, it is bitcoin in the bet, the action to withdraw can be changed if the casino allows it, there are more "good" casinos that do not have it.
Understand something when you get used to making calculations in relation to the bet size potodds etc that are relevant, you cannot be using shitcoin (which is not limiting). I know that many here only know about slots, dice, sports bets.
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Gamblers won't withdraw from the casinos regularly. Most of the top rated casinos always give the best entire access to the users. We're responsible to take care of our funds with ultimate security.
Look into casineos casino, once on sign-up you need to secure your security key as well as recovery words. Further if you forget your password this is the only option to recover your funds. The team can't do anything in such situation. As there is no third party control over our funds why can't we withdraw at some specific time interval to avoid the fee.
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Do not put 99.99% Off-topic mode and 0.01% On Topic
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Withdrawal fee doesn't increase due to the price rise, its just increased due to more clogged network on the blockchain, and you can't blame the casinos and if you care about the increase in bitcoin's withdrawal fee then better move to altcoins to bet so you can save that micro bet you are talking about.But what I noticed is that withdrawal fee on the casinos are far less than while withdrawing from our wallets because casinos make batch withdrawals which can save fees in total.
Please do your research on the subject, do not target your answer based on things you have just read, perhaps in this thread, experience helps contextualize and knowledge to be accurate.
