Topic: Casinos Withdrawal Fees Rise (!?)|| October 2020 - page 4. (Read 6360 times)

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.

Hi! @ice098
In all the casinos that you see in that table I have an account and also  in some I have deposited and in others I have withdrawn, in some of they I have reached VIp levels.
I think you should know how much is the withdrawal in Stake today, That could tell us if it is the same as the table or not. (!?)

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The subject of the Alts is overcome in this thread.

According to your comment in the quote, Which Casinos offer swap (convert) (?) I am mentioning just a few, but if you know others you should say so  there is the contribution Topic. 

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I assure you that if you enter a casino and win a big prize, the fee is the least of it. And that has nothing to do with whether you are a great "big stake" or "High Roller" which are better terms to refer to the subject in question.

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.

Although you may not believe it, the issue of casinos is their withdrawals is an "posture" to consider for any type of bankroll you have, unless you are a sporadic or recreational player, many high wagered players are moving their working capital (or fun) constantly and believe me the numbers and the control of everything that surrounds your money is part of your day and in a calendar year for example any high profile player can leave three figures high in fees and it does not matter if this does not affect their bankroll in a "x"percentage but they know it.

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.

Yups they still charge no fee until now,but this are only for the sportsbetting and not for other gambling activities in which the majority of players in gambling love to play.

and also the issue here is not the free but the amount being charge in each withdrawal in which not the one written in the actual fee.

If they can spend some bitcoin playing gambling, they should not worry about the volatility. That gambler can convert it into an altcoin and use it to place a bet. With some bitcoin at a high price, they will get much amount of one altcoin to make them be able to play gambling longer because they can place a bet in a small amount. And if they win, they can convert it back to bitcoin or directly send it into an exchange or another wallet to hold for a while and sell it when the altcoin price increases.

Indeed, bitcoin fee has gone many times but most gamblers still prefer to use bitcoin, with big holding of bitcoin, you don't worry on the fees, you worry on the volatility that might happen if you'll convert your bitcoin to an altcoins in order to save fees, they would not do that of course.

That gives easiness to us and the other gamblers to use altcoin to withdraw. They get the benefits from altcoin in withdrawal while they can also get benefits if they use altcoin to gamble, and perhaps, the altcoin creation was to reduce the fees instead of using bitcoin.

People who have big money in bitcoin will not use altcoin because they can accept bitcoin fees, whether the fee increases or decreases. They feel confident using bitcoin, and they don't want to use altcoin. Those people don't need altcoin to gamble because they have a huge bitcoin that they can use for anything they want.

Most of the gambling sites now are accepting altcoins, and since altcoins now have a good volume or liquidity, it will make gamblers to be confident using an altcoins. However, though the fee is less and faster, we still can't eliminate the reality that there are people who doesn't want to convert, they want to solely gamble using bitcoin and they will take the fees, regardless of the amount.

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.

Acceptance whenever that time comes is no brainer.

Whether we like it or not, if the price of bitcoin goes on high and we have no choice but to pay and choose whichever is recommended or what we prefer.

At least we get to accept it as early as now.

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.

Most of us would really be having that kind of behavior on where we do much prefer on having almost instant withdrawal but since the network isnt really
always not on the calm side then expect that there would really be some changes in fees specially when its clogged.

Majority of gamblers are really keen when it comes to fees where everytime they do saw that theyre paying that too much then they do  rather decide
to held specially if there are no altcoin conversion options left.

So we should really be prepared in times like these because gambling sites do have mostly that dynamic fees.

I want to receive it as soon as possible and just withdraw it.

But if there are gamblers out there and too conscious about the fees and they think that those differences at that much for them, they can wait until it's processed.

It's still different to have it with almost instant but with higher fee.

I have several gamblers I know and I often read gambling discussions, so I am surprised by your assumptions. I thought that most of the gamblers have been operating according to this scheme for a long time: input/output in currencies like ETH, EOS, etc. and the game is in bitcoin.

As far as I know, there is no website which offers an overview of fees of gambling sites. The best way to figure out is to search for particular casino reviews on sites like bitcoinplay.net (I am not associated with this site) and look for the fees. They are currently listing 72 sites from where you can get a good overview. The impression given in this thread is deceptive. In my experience, there aren't many honest casinos that charge fees for withdrawals.

You can try sportsbet, I believe they still don't charge a withdrawal fee for every transaction, I haven't gambled in the site for like 4 months or more, but during that time, they don't charge a fee for every withdrawal, that's why I like to gamble in the site, but since the fee had increased now, I'm not sure if they still continue with their good feature.

This is good idea, but other will just set it to lowest even the transaction will be that long to transfer it into your main wallet, most casino are becoming more expensive fee's one of the main reason is they needed it to support their monthly financial to keep their business running and also for protection for ddos attacks and other attacks, TX fee estimator is reasonable to apply in gambling sites but is this really good enough for them since bitcoin volume is increasing too.

Although different gambling sites have different withdrawal fee's but can anyone tell me which gambling site take the most amount for the withdrawal from their site. I think the old gambling site will not charge us the most when it comes to withdrawals fee.

We can see the gambling site that even there are VIP's and High Rollers still the contribution of Small players are there,because they are the one who fill the time of absence of those High rollers.
Not in all time those whale players are online and playing but the small gamblers are always there playing in different time schedule and Budget .so Basically the casino may survive but not as profitable as they are with the lower players.
So i'm confident that Casino owners will always consider them and will do the best to make them stay and don't go around local gambling places in their community .

They will not move but they will certainly give another option which is the altcoins, it's bitcoin that made crypto casinos popular and it wills stay that way.
$30 to $50 is not really big if you are a high rollers who are gambling for $10,000 or more, and if you are not making frequent deposits and withdrawals.

If the network is not scaled up and bitcoin reaches $100k the casinos will definitely be forced to move away from bitcoin and towards low-cost cryptocurrencies. I don't think casinos will spend about $30-50 on commissions. Or gamblers will wait longer for withdrawals.