Casinos Withdrawal Fees Rise (!?)|| October 2020 - page 3.

Reatim

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Quote from: leea-1334 on January 07, 2021, 08:48:29 AM

Quote from: Reatim on January 07, 2021, 05:48:29 AM

Even Deposit really increased , Maybe that's about the Blockchain miner but still affecting our gambling activities .
I tried to deposit 50$and the transaction fee arise to 21$ ? look how huge that was ?

But good thing that until now i have not winning so I don't need to experience the High Withdrawal fee Grin

But i guess it's practical just to let our coins for a while in gambling site when this fee increasing happens ?
so sooner when the fee adjusted we can withdraw at lower value.

Time to use your own Bitcoin wallet my friend,,, there is no way at the current network line that you can pay even $2 for a next block confirmation (and that is counting the high price of BTC now).

Either you are not setting your own fees OR you have a lot of utxo which is why you should regularly consolidate.

Yeah i guess thats a Good idea, thanks for the heads up mate and will try dealing with this system.
I wanted to Enjoy the Sites specially in this booming market, when there are many promos available .

Quote

PErsonally, I do not withdraw my BTC until the fee makes sense (for me this means fee should never be higher than 0.5% of the withdrawal amount!).

OR. I gamble for my fee:p

Actually i am not into Withdrawal but Depositing , Because Like you if ever i Won big withdrawal will not come ASAP , and will wait for how long it takes until the congestion gone.

bitterguy28

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Quote from: ice098 on January 14, 2021, 08:37:48 AM

Quote from: ethereumhunter on January 07, 2021, 07:12:20 AM

Quote from: ?? on ??

For me this is the time where i couldn't afford to lose even a single bitcoin for the sake of gambling. I would prefer to save it and hodl my bitcoin as much as the bitcoin market didn't yet settle and as i am expecting it will continue to go up its value to a higher than how much its value today. And it is a right decision i guess that we would use altcoins for transactions for the mean time till the market was in bullish state.

I prefer to stop gamble for a while and hold my bitcoin as you. I feel that the bitcoin price can be up to any higher price. But I miss my time to gamble, and maybe I will gamble again in the other days when I want to gamble. I think the fee will be up and down too following the bitcoin price, and we have many choices to withdraw, and not just use bitcoin to withdraw the money. The altcoins can be a good alternative to gamble and make a transaction for withdrawing.

Even knowing that bitcoin price now has dumped from $41000 to $33000 these value was still a high value that should be treasured and worth to keep in the hard wallet. For me, i am taking my bitcoin seriously keep at my hard wallet and making it in the last option to uswd in case of emergency. And yes i did altcoins to alternative paying bills or paying in gambling or any transactions than taking risks my bitcoin. There's no doubt that bitcoin withdrawal fees may also follow the market pattern of bitcoin (pumping and dumping at the same time).

But the Price of Bitcoin is 38,000$ now mate , 33,000 has been the value since 2days ago.
I'm Playing only now on sites that accept Dogecoin Since Ripple has already out of my currency for a while until the issue settled.

ice098

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Quote from: ethereumhunter on January 07, 2021, 07:12:20 AM

Quote from: ?? on ??

For me this is the time where i couldn't afford to lose even a single bitcoin for the sake of gambling. I would prefer to save it and hodl my bitcoin as much as the bitcoin market didn't yet settle and as i am expecting it will continue to go up its value to a higher than how much its value today. And it is a right decision i guess that we would use altcoins for transactions for the mean time till the market was in bullish state.

I prefer to stop gamble for a while and hold my bitcoin as you. I feel that the bitcoin price can be up to any higher price. But I miss my time to gamble, and maybe I will gamble again in the other days when I want to gamble. I think the fee will be up and down too following the bitcoin price, and we have many choices to withdraw, and not just use bitcoin to withdraw the money. The altcoins can be a good alternative to gamble and make a transaction for withdrawing.

Even knowing that bitcoin price now has dumped from $41000 to $33000 these value was still a high value that should be treasured and worth to keep in the hard wallet. For me, i am taking my bitcoin seriously keep at my hard wallet and making it in the last option to uswd in case of emergency. And yes i did altcoins to alternative paying bills or paying in gambling or any transactions than taking risks my bitcoin. There's no doubt that bitcoin withdrawal fees may also follow the market pattern of bitcoin (pumping and dumping at the same time).

famososMuertos

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Quote from: Reatim on January 07, 2021, 05:48:29 AM

...//..:

If you look at the tables there is an Exchange column, which can be an alternative for those who need their bitcoin.
Anyway, the point is to pay the correct fee and not the one that is imposed by casino even as I have said before if you are a high roller.

Education in the use of bitcoin also includes knowing the correct rates to use in any business model, this is not only about casinos.
_________

Quote from: Timelord2067 on January 07, 2021, 07:00:02 AM

...///... bare-bones Bitcoin wallets is they don't have any kind of coin controll and so seem to just pluck prices out of thin air which the ordinary punter is oblivious to. It's a self fullfilling prophecy...//...:

As you express them, magic rates Cool

but as mentioned before in this same thread, we know that the point of this action by the casinos is that the transaction is made or executed as soon as possible, but this option requires the correct fee, it is stupid to pay such high fess in some cases.

The tendency should be to go to an adjustable bar of those mentioned only one casino offers this option.

____________

Quote from: ethereumhunter on January 07, 2021, 07:12:20 AM

...///...:

Please! Yes, ALTs are an alternative.

Considerations for future comments:
- Casinos do not receive any benefit from charging high fees.
- Yes! the Atls are good alternatives.
- If you have any experience or know of any fees, please mention the name of the casino.
- Please! select the correct quote from the user you wish to reply to or, failing that, use a criterion of "...", "*", "snip" "etc"

G.B.

leea-1334

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Quote from: Reatim on January 07, 2021, 05:48:29 AM

Even Deposit really increased , Maybe that's about the Blockchain miner but still affecting our gambling activities .
I tried to deposit 50$and the transaction fee arise to 21$ ? look how huge that was ?

But good thing that until now i have not winning so I don't need to experience the High Withdrawal fee Grin

But i guess it's practical just to let our coins for a while in gambling site when this fee increasing happens ?
so sooner when the fee adjusted we can withdraw at lower value.

Time to use your own Bitcoin wallet my friend,,, there is no way at the current network line that you can pay even $2 for a next block confirmation (and that is counting the high price of BTC now).

Either you are not setting your own fees OR you have a lot of utxo which is why you should regularly consolidate.

PErsonally, I do not withdraw my BTC until the fee makes sense (for me this means fee should never be higher than 0.5% of the withdrawal amount!).

OR. I gamble for my fee:p

ethereumhunter

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Quote from: ?? on ??

For me this is the time where i couldn't afford to lose even a single bitcoin for the sake of gambling. I would prefer to save it and hodl my bitcoin as much as the bitcoin market didn't yet settle and as i am expecting it will continue to go up its value to a higher than how much its value today. And it is a right decision i guess that we would use altcoins for transactions for the mean time till the market was in bullish state.

I prefer to stop gamble for a while and hold my bitcoin as you. I feel that the bitcoin price can be up to any higher price. But I miss my time to gamble, and maybe I will gamble again in the other days when I want to gamble. I think the fee will be up and down too following the bitcoin price, and we have many choices to withdraw, and not just use bitcoin to withdraw the money. The altcoins can be a good alternative to gamble and make a transaction for withdrawing.

Timelord2067

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The trouble with some of these bare-bones Bitcoin wallets is they don't have any kind of coin controll and so seem to just pluck prices out of thin air which the ordinary punter is oblivious to. It's a self fullfilling prophecy in that miners only take the high end TX fees for their blocks while Bitcoin wallets oblige with ever higher paid fees in response.

Reatim

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Eloncoin.org - Mars, here we come!

Even Deposit really increased , Maybe that's about the Blockchain miner but still affecting our gambling activities .
I tried to deposit 50$and the transaction fee arise to 21$ ? look how huge that was ?

But good thing that until now i have not winning so I don't need to experience the High Withdrawal fee Grin

But i guess it's practical just to let our coins for a while in gambling site when this fee increasing happens ?
so sooner when the fee adjusted we can withdraw at lower value.

famososMuertos

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LE ☮︎ Halving es la purga

We are in ATH time and they happen so often that it is already something normal these days Wink

however it is always interesting to see how some casinos behave in relation to the price of bitcoin and its fees.

I have decided to separate the data into three large groups, those that do not change their fees, those that have a change either low or high in their value and those that offer different types of fees according to the priorities of each user at the time to withdraw.

- Casinos that have not changed their fee at least since September 2020:

-Casinos that have changed their fee and that offer a single alternative.

The fees shown in green have had a decrease in relation to previous fees

- Finally we have the group of casinos that offer at least two alternatives.

^{There is no hierarchical order for any of the tables shown.
If you do not see the casino of your choice, it is not that I do not like it, it is that I have simply selected a part of the large number of casinos that exist.}

Timelord2067

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Quote from: Questat on December 16, 2020, 06:32:19 PM

Bitcoin is pumping, it's not a good idea to use bitcoin if you are trying to save on fees, right, altcoins is the best solution for now as the party is only on bitcoin and altcoins remain calm as it was before, we don't know when bitcoin will settle, either it will continue to pump or will result to a bigger splash or dump, regardless, it will still make the network congested.

The bitcoin mempool currently has 73,000+ transactions waiting to occur with a total of close to 170Mb in those transactions. IIRC I saw the suggested fee to transact is now around 100 sats/byte

maydna

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Quote from: famososMuertos on December 16, 2020, 05:40:49 AM

Quote from: maydna on December 13, 2020, 08:40:34 PM

~snip~

I ask you, do you have an estimate of how much you have spent in fee this year, no (!?) You should know it even if you use Alts, specific things deceive many, the long term is the key.

I guess the fee is not much than $100. I never think about how much the fee is should pay, even in Altcoin, because the fee will be less than if I paid in bitcoin.

Quote from: MWesterweele on December 16, 2020, 11:53:20 AM

Quote from: maydna on December 12, 2020, 09:37:58 PM

~snip~

Might as well good to transfer or convert your bitcoin withdrawal into other crypto coin to able to spare from high fees. I believe that casino fees will continue to add a withdrawal fees in their pay outs and the current ATH of bitcoin maybe one of the reason. We shouldnt set aside the huge possibilities and potentials of other altcoins like Ethereum, Binance and XRP that was a good investments too to consider.

You are right. The casino will adjust the fee with the market situations, and as you said, the fee will also increase following the bitcoin price. So that can make the use of the altcoin for withdrawal will be increase. And that can attract the altcoin price will also increase because of the demand for using altcoin increase.

Oilacris

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Quote from: fortunecrypto on December 16, 2020, 07:09:58 PM

Quote from: Questat on December 16, 2020, 06:32:19 PM

It's always advisable for gamblers to use another cryptocurrency to withdrawal to avoid the fees, and I think many gambling websites are

Bitcoin is pumping, it's not a good idea to use bitcoin if you are trying to save on fees, right, altcoins is the best solution for now as the party is only on bitcoin and altcoins remain calm as it was before, we don't know when bitcoin will settle, either it will continue to pump or will result to a bigger splash or dump, regardless, it will still make the network congested.

Now that Bitcoin is having an all-time high I prefer using DogeCoin and Tron, Bitcoin is still going to go up this year reaching one all-time high to another I prefer saving my Bitcoin for more profit, I'm also active in faucets now, every satoshi counts now, people are now going to speculate how high Bitcoin will reach this year and the gambling industry will be very active more than ever.

Some gamblers wouldnt really mind if they do make use of their Bitcoins towards their gambling activity yet they can always make some adjustments basing off with fiat value which means that they wont really be caring
much as long with fees too specially for those high rollers as long they can get their withdrawals they wont mind paying big fees but few bucks wont really hurt if you do withdraw out hundred bucks.

Bitcoin is indeed on the rise and im really making some switch to XRP and DOGE where transfers were fast and cheap.Best time to do when bitcoin is mooning.

fortunecrypto

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Quote from: Questat on December 16, 2020, 06:32:19 PM

It's always advisable for gamblers to use another cryptocurrency to withdrawal to avoid the fees, and I think many gambling websites are

Bitcoin is pumping, it's not a good idea to use bitcoin if you are trying to save on fees, right, altcoins is the best solution for now as the party is only on bitcoin and altcoins remain calm as it was before, we don't know when bitcoin will settle, either it will continue to pump or will result to a bigger splash or dump, regardless, it will still make the network congested.

Now that Bitcoin is having an all-time high I prefer using DogeCoin and Tron, Bitcoin is still going to go up this year reaching one all-time high to another I prefer saving my Bitcoin for more profit, I'm also active in faucets now, every satoshi counts now, people are now going to speculate how high Bitcoin will reach this year and the gambling industry will be very active more than ever.

Questat

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Quote from: Lanatsa on December 16, 2020, 05:33:55 PM

Quote from: MWesterweele on December 16, 2020, 11:53:20 AM

Quote from: maydna on December 12, 2020, 09:37:58 PM

Quote from: xSkylarx on December 12, 2020, 08:27:41 PM

I think withdrawal fees only affect bitcoin so if you want to lessen the fees then convert it to another cryptocurrency. Some popular gambling platforms now offer that kind of thing. We can't avoid or blame the gambling website if the bitcoin withdrawal fee there increases. It's normal for that to happen if there are many bitcoin transactions going on the blockchain network.

It's always advisable for gamblers to use another cryptocurrency to withdrawal to avoid the fees, and I think many gambling websites are aware of that. The gambling sites realize that they can't only use bitcoin for their site, especially if they have many gamblers who play gambling on their site. Some of them add another cryptocurrency such as eos, tron, or another crypto in the gambling site while they already have ethereum, litecoin, and doge. I am sure the gambler will know what coin they should use if they don't want to use bitcoin for withdrawal.

Might as well good to transfer or convert your bitcoin withdrawal into other crypto coin to able to spare from high fees. I believe that casino fees will continue to add a withdrawal fees in their pay outs and the current ATH of bitcoin maybe one of the reason. We shouldnt set aside the huge possibilities and potentials of other altcoins like Ethereum, Binance and XRP that was a good investments too to consider.

When it comes to times like these then we wont really have any options left but to switch up on alts yet fee's would really be helpful or would
really be saving you on spending too much on fees.

Currently the network having that 100 sats/byte at this moment.It might not really be that high but it is already on $3 fee which not all
wont really be willing on paying it out.

Switching into other alts will really save you into this problem.

Bitcoin is pumping, it's not a good idea to use bitcoin if you are trying to save on fees, right, altcoins is the best solution for now as the party is only on bitcoin and altcoins remain calm as it was before, we don't know when bitcoin will settle, either it will continue to pump or will result to a bigger splash or dump, regardless, it will still make the network congested.

Lanatsa

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Quote from: MWesterweele on December 16, 2020, 11:53:20 AM

Quote from: maydna on December 12, 2020, 09:37:58 PM

Quote from: xSkylarx on December 12, 2020, 08:27:41 PM

I think withdrawal fees only affect bitcoin so if you want to lessen the fees then convert it to another cryptocurrency. Some popular gambling platforms now offer that kind of thing. We can't avoid or blame the gambling website if the bitcoin withdrawal fee there increases. It's normal for that to happen if there are many bitcoin transactions going on the blockchain network.

It's always advisable for gamblers to use another cryptocurrency to withdrawal to avoid the fees, and I think many gambling websites are aware of that. The gambling sites realize that they can't only use bitcoin for their site, especially if they have many gamblers who play gambling on their site. Some of them add another cryptocurrency such as eos, tron, or another crypto in the gambling site while they already have ethereum, litecoin, and doge. I am sure the gambler will know what coin they should use if they don't want to use bitcoin for withdrawal.

Might as well good to transfer or convert your bitcoin withdrawal into other crypto coin to able to spare from high fees. I believe that casino fees will continue to add a withdrawal fees in their pay outs and the current ATH of bitcoin maybe one of the reason. We shouldnt set aside the huge possibilities and potentials of other altcoins like Ethereum, Binance and XRP that was a good investments too to consider.

When it comes to times like these then we wont really have any options left but to switch up on alts yet fee's would really be helpful or would
really be saving you on spending too much on fees.

Currently the network having that 100 sats/byte at this moment.It might not really be that high but it is already on $3 fee which not all
wont really be willing on paying it out.

Switching into other alts will really save you into this problem.

mardaed

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Quote from: MWesterweele on December 16, 2020, 11:53:20 AM

Quote from: maydna on December 12, 2020, 09:37:58 PM

Quote from: xSkylarx on December 12, 2020, 08:27:41 PM

I think withdrawal fees only affect bitcoin so if you want to lessen the fees then convert it to another cryptocurrency. Some popular gambling platforms now offer that kind of thing. We can't avoid or blame the gambling website if the bitcoin withdrawal fee there increases. It's normal for that to happen if there are many bitcoin transactions going on the blockchain network.

It's always advisable for gamblers to use another cryptocurrency to withdrawal to avoid the fees, and I think many gambling websites are aware of that. The gambling sites realize that they can't only use bitcoin for their site, especially if they have many gamblers who play gambling on their site. Some of them add another cryptocurrency such as eos, tron, or another crypto in the gambling site while they already have ethereum, litecoin, and doge. I am sure the gambler will know what coin they should use if they don't want to use bitcoin for withdrawal.

Might as well good to transfer or convert your bitcoin withdrawal into other crypto coin to able to spare from high fees. I believe that casino fees will continue to add a withdrawal fees in their pay outs and the current ATH of bitcoin maybe one of the reason. We shouldnt set aside the huge possibilities and potentials of other altcoins like Ethereum, Binance and XRP that was a good investments too to consider.

I agree that this with be one of the ideal ways to counter escalating withdrawal fees with Bitcoin. I would love to hear more from this topic. Although regardless of the circumstances, there will always be fees that is due for each gambler.

MWesterweele

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Quote from: maydna on December 12, 2020, 09:37:58 PM

Quote from: xSkylarx on December 12, 2020, 08:27:41 PM

I think withdrawal fees only affect bitcoin so if you want to lessen the fees then convert it to another cryptocurrency. Some popular gambling platforms now offer that kind of thing. We can't avoid or blame the gambling website if the bitcoin withdrawal fee there increases. It's normal for that to happen if there are many bitcoin transactions going on the blockchain network.

It's always advisable for gamblers to use another cryptocurrency to withdrawal to avoid the fees, and I think many gambling websites are aware of that. The gambling sites realize that they can't only use bitcoin for their site, especially if they have many gamblers who play gambling on their site. Some of them add another cryptocurrency such as eos, tron, or another crypto in the gambling site while they already have ethereum, litecoin, and doge. I am sure the gambler will know what coin they should use if they don't want to use bitcoin for withdrawal.

Might as well good to transfer or convert your bitcoin withdrawal into other crypto coin to able to spare from high fees. I believe that casino fees will continue to add a withdrawal fees in their pay outs and the current ATH of bitcoin maybe one of the reason. We shouldnt set aside the huge possibilities and potentials of other altcoins like Ethereum, Binance and XRP that was a good investments too to consider.

bitterguy28

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Quote from: famososMuertos on December 16, 2020, 05:40:49 AM

The first thing here is education on the bitcoin feature and its fees, you must pay what is due, not what is imposed on you.

Seems like this Little words explains it all,Maybe majority of the comments came from small rollers or spends little in gambling like me that's why Fee amount is very Big deal,But taking from your word this must be understand that If we are a real gambler we must take the amount Due to us and not is what imposed in the site.

Thanks for this enlightenment it answers all to me now,and will make sure that the next time i gamble in knew what i need to expect.

Quote from: ?? on ??

Indeed this should be addressed by the community because this is kind of day light robbery, and mostly gambling platforms should have fair amount of increase. 300% is kind of insane, i wonder why not so many users are complaining about this issue. A 3-5% should be enough for them.

Hope you checked first the Post i have just quoted ,because the word came from a real gambler that understand everything and explains welll all the thing.

suzanne5223

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Quote from: ?? on ??

Indeed this should be addressed by the community because this is kind of day light robbery, and mostly gambling platforms should have fair amount of increase. 300% is kind of insane, i wonder why not so many users are complaining about this issue. A 3-5% should be enough for them.

This problem needs to be addressed but I believe it will be a decent discussion if the problem is discussed with the support or representative of the casino that increased their withdrawal fee by 300% than discussing it here cause it may generate no effort to the problem.
With that been said, if the casino allow the switch of withdraw crypto like DuelBits it will be good to withdraw with crypto like ETH but the BTC tx fee was low the last time i searched yesterday.

Debonaire217

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Quote from: robelneo on December 16, 2020, 06:37:56 AM

When I'm playing my coin of choice is always Bitcoin, I am hitting two birds with one stone if ever I got lucky because I know that Bitcoin will always go up and it is destined to go up, of course, I am very careful when playing I always allocate money that I can afford to lose I deposit a different kind of coins when I feel that I am going to be lucky I use Bitcoin.

Would that be a good idea if you still use Bitcoin to cash out even if the withdrawal fee is so high? But that wouldn't be the case if the only option you have when you cash in is Bitcoin, most of the gambling sites do not offer to exchange your bitcoin for another crypto so there's really no way you can cash out or withdraw without accepting the Bitcoin's high withdrawal fee. That is why when we are going to gamble, we should first think carefully about which cryptocurrency to use especially in terms of transaction fees. As far as I know, LTC is one of the best cryptos for gambling because of its small withdrawal fee. Perhaps, if the Bitcoin network will be further improved, such as making the transaction speed and fees better, Bitcoin will remain perfect for all uses not just in gambling.

Topic: Casinos Withdrawal Fees Rise (!?)|| October 2020 - page 3. (Read 6122 times)