I dont pay Withdrawal fees when I gamble with Bitcasino and Sportsbet.
Of course because they don't charge a single cent, I've been gambling with sportsbet so I can attest that your statement is correct, however I can't on bitcasino as they don't offer a sports market, and we know these business are own by one owner so they have a similar feature in terms of deposits and withdrawals. 
Topic: Casinos Withdrawal Fees Rise (!?)|| October 2020 - page 6. (Read 6122 times)
I dont pay Withdrawal fees when I gamble with Bitcasino and Sportsbet.
Not every casino will charge a high fee. Depending on the amount and also depending on the payment method. There is still a lot of difference.
A small fee is manageable, but if the amounts are high it can become expensive. At the end it is the call from the casino.
It would become expensive when the entire network is clogged which is a common scenario everytime the market is really that on high traffic where feesA small fee is manageable, but if the amounts are high it can become expensive. At the end it is the call from the casino.
do skyrocket and most casino now do have that dynamic kind of withdrawal fees basing on network condition and if it sees that its on the calm
side then fees are low but in the opposite then expect that numbers will be changing.
Just like on what most people been talking about alternatives then people will really be using up altcoin temporarily because it
wont really be giving out some good feeling on paying up ridiculous high fees.
Not every casino will charge a high fee. Depending on the amount and also depending on the payment method. There is still a lot of difference.
A small fee is manageable, but if the amounts are high it can become expensive. At the end it is the call from the casino.
A small fee is manageable, but if the amounts are high it can become expensive. At the end it is the call from the casino.
Demand of online casino has nothing to do with casino withdrawal fees and if you do look in all of them then this do always depend of vary with the network condition
and has nothing to do with it.
In most casino, the fee is fixed in terms of satoshis and therefore if you calculate it with the usd, you will think the fee is increased because the rate of bitcoin is almost doubled from 10,000 to 19000$ within 2 months. In satoshi value, the fee is still the same.
It isn't the price of fees that is increasing but rather the price of Bitcoin which is actually normal. I think the best strategy is just to use altcoins instead of Bitcoin since the price of Bitcoin right now is still high. They're not increasing the rate but it's the value of Bitcoin that is getting highs so we shouldn't blame the gambling sites instead.
You would really be ending up with big fees if those casinos would just simply stick out with fix satoshi withdrawal fee value.So far in most online casinos that ive been playing, they do have that adjusting
fee's depending on network condition which is a must rather than on online casinos do only stick out on a certain number knowing that this market is too volatile and which do mainly affect
the market movement and so as with fees of course.
We do have lots of options to take when we do find out that Bitcoin fees is too high.We can make use of DOGE and TRX instead if it is available on the site you were playing
then that would be a good option if you cant take to pay up high fees with BTC.
Majority of online gambling sites now do have that multiple coin for you to make out conversions thats why it isnt already a problem anytime theres a sudden increase in
network fees.
It isn't the price of fees that is increasing but rather the price of Bitcoin which is actually normal. I think the best strategy is just to use altcoins instead of Bitcoin since the price of Bitcoin right now is still high. They're not increasing the rate but it's the value of Bitcoin that is getting highs so we shouldn't blame the gambling sites instead.
There are actually two things happening in conjunction with each-other which infulences the price of withdrawing (cashing out) from any casino:
- The price of bitcoin is rising
- unconfirmed transactions have from time to time recently pushed the TX price sky high.
The problem with the latter is users who do not engage coin control, or, worse still, are unable to utilise coin-control due to their choice of wallet program.
Demand of online casino has nothing to do with casino withdrawal fees and if you do look in all of them then this do always depend of vary with the network condition
and has nothing to do with it.
In most casino, the fee is fixed in terms of satoshis and therefore if you calculate it with the usd, you will think the fee is increased because the rate of bitcoin is almost doubled from 10,000 to 19000$ within 2 months. In satoshi value, the fee is still the same.
It isn't the price of fees that is increasing but rather the price of Bitcoin which is actually normal. I think the best strategy is just to use altcoins instead of Bitcoin since the price of Bitcoin right now is still high. They're not increasing the rate but it's the value of Bitcoin that is getting highs so we shouldn't blame the gambling sites instead.
Small time gamblers will really affected on this but High rollers don't care because for them 1 bitcoin is 1 bitcoin in betting.
No, I believe they still based it on the current price of bitcoin, 1 bitcoin is 1 bitcoin but due to volatility, value changes, and these are gamblers, they use the platform for gambling, they are not trading. Maybe the fee would not affect them since paying 10 usd equivalent of bitcoin is a small for high rollers who gamblers over $1000 worth of bitcoin.
The thread has posted a month of August and we all know that there have some countries like Japan, And France being considerate to the gambling world today. We are now at the years bitcoin ATH and yes maybe a possibility of casino withdrawal fees may increase but knowing that there are some countries which are being considerate to the gambling fees were amazing. Though even casino gambling fees may rise hopefully that it wouldn't cost that much so that gamblers can enjoy a holiday gambling.
If they do not raise their withdrawal fee together with the price increase of Bitcoin then they will not last in the business world. It is fair in my opinion, they do need to support their staffs after all and maintaining a website is no joke. It won't be a problem if you are a patron and a high roller, you will not feel the increase.
This is very wrong, even with the current state of the network where transaction fee could be high at times, there are still some sites that offers free withdrawal and yet they are still operating profitably. Some of the sites I know are sportsbet.io and Adkinsbet.com, a new one here in the forum. this is from their terms and condition:
i assume there are no minimum or maximum withdrawal, no matter how much you withdraw i think they will cover it. that's really a good feature about them in my opinion.
Quote
When processing withdrawals, a user do not have to pay any withdrawal fee. All fees for the network are covered by Adkinsbet.
i assume there are no minimum or maximum withdrawal, no matter how much you withdraw i think they will cover it. that's really a good feature about them in my opinion.
If they do not raise their withdrawal fee together with the price increase of Bitcoin then they will not last in the business world. It is fair in my opinion, they do need to support their staffs after all and maintaining a website is no joke. It won't be a problem if you are a patron and a high roller, you will not feel the increase.
The income of a casino does not depend on the withdrawal fees. It is simply so that the network executes them with priority, that has nothing to do with operating expenses or what you mention. If I understand you well because it is a bit confusing but I get your idea, I think.The point is to pay the right fee, it is not about whether you are a big stack or whatever as a player according to the size of your bankroll, the reality is to have knowledge about the subject of fees.
Casinos arent really taking something when it comes to fees.It is a dynamic one which do automatically adjust basing up on network condition which means they arent
getting some commission or part of it for you to say that they would become bankrupt unless if they do offer free withdrawal fee then that will surely
count as an expense.
There are casinos that do give out that option neither that withdrawal of yours will be on high priority or low ones basing off on someones needs.
Fees would give out some hesitation anytime the entire network is clogged and as others mentioned that altcoin will really be
playing its role.
If they do not raise their withdrawal fee together with the price increase of Bitcoin then they will not last in the business world. It is fair in my opinion, they do need to support their staffs after all and maintaining a website is no joke. It won't be a problem if you are a patron and a high roller, you will not feel the increase.
The income of a casino does not depend on the withdrawal fees. It is simply so that the network executes them with priority, that has nothing to do with operating expenses or what you mention. If I understand you well because it is a bit confusing but I get your idea, I think.The point is to pay the right fee, it is not about whether you are a big stack or whatever as a player according to the size of your bankroll, the reality is to have knowledge about the subject of fees.
If they do not raise their withdrawal fee together with the price increase of Bitcoin then they will not last in the business world. It is fair in my opinion, they do need to support their staffs after all and maintaining a website is no joke. It won't be a problem if you are a patron and a high roller, you will not feel the increase.
Small time gamblers will really affected on this but High rollers don't care because for them 1 bitcoin is 1 bitcoin in betting.
No, I believe they still based it on the current price of bitcoin, 1 bitcoin is 1 bitcoin but due to volatility, value changes, and these are gamblers, they use the platform for gambling, they are not trading. Maybe the fee would not affect them since paying 10 usd equivalent of bitcoin is a small for high rollers who gamblers over $1000 worth of bitcoin.
Demand of online casino has nothing to do with casino withdrawal fees and if you do look in all of them then this do always depend of vary with the network condition
and has nothing to do with it.
In most casino, the fee is fixed in terms of satoshis and therefore if you calculate it with the usd, you will think the fee is increased because the rate of bitcoin is almost doubled from 10,000 to 19000$ within 2 months. In satoshi value, the fee is still the same.
Definitely it will change because as a gambler who does not really hold, we will feel the value of bitcoin and we will feel the high fee when bitcoin is rising. Maybe we have to get ourselves used to it, withdrawal fee should not be a big problem because we already know in the first place how volatile bitcoin is.
Quote
The point of this thread is, some gambling sites does not adjust their fee based on the approximate value of transaction fee per blockchain.
That is the main point it is normal that the fee will increase once there are Big pumps that happen but at least Gambling operator will act on this as sooner as they found the increase,but instead they tend to pretend nothing is happening because this will favor their site.Quote
For some it could be an issue, while for some it's okay, as in okay that they'll not mind it anyway.
Small time gamblers will really affected on this but High rollers don't care because for them 1 bitcoin is 1 bitcoin in betting. 
Demand of online casino has nothing to do with casino withdrawal fees and if you do look in all of them then this do always depend of vary with the network condition
and has nothing to do with it.
In most casino, the fee is fixed in terms of satoshis and therefore if you calculate it with the usd, you will think the fee is increased because the rate of bitcoin is almost doubled from 10,000 to 19000$ within 2 months. In satoshi value, the fee is still the same.
Definitely it will change because as a gambler who does not really hold, we will feel the value of bitcoin and we will feel the high fee when bitcoin is rising. Maybe we have to get ourselves used to it, withdrawal fee should not be a big problem because we already know in the first place how volatile bitcoin is.
The point of this thread is, some gambling sites does not adjust their fee based on the approximate value of transaction fee per blockchain.
For some it could be an issue, while for some it's okay, as in okay that they'll not mind it anyway.
Demand of online casino has nothing to do with casino withdrawal fees and if you do look in all of them then this do always depend of vary with the network condition
and has nothing to do with it.
In most casino, the fee is fixed in terms of satoshis and therefore if you calculate it with the usd, you will think the fee is increased because the rate of bitcoin is almost doubled from 10,000 to 19000$ within 2 months. In satoshi value, the fee is still the same.
....//...: Tron transaction fees are
...//
Please read the OP's suggestion and as 4 previous suggestions, no more retreat recommendations with shitcoin the subject has already been discussed or commented....//
This thread is about Bitcoin withdrawals and their fees, please tell your experiences or add information to include it in the table, thanks.
___
An interesting topic is being developed in relation to a withdrawal based on a swap, not every casino has it, but those who have it should know that they have additional cost rates that range from 10% fee additional to the amount you exchange, there are also minimum amounts for use internal exchanges.
I have just started using Betnomi and this casino offers to withdraw in any currency, without surcharge, well at least it happened with the currency with which I made the operation, deposit in bitcoin and withdraw in ETH.
It is really interesting because it converts your deposits into fiat currency (euros or dollars) and then you withdraw in the currency of your choice without any problem.
Well you can always gor for gambling casinos where they have an exchange function capable of you exchanging your BTC to another altcoin that has lower transaction fee and then later on just converting it back to BTC. I know some gambling sites have this made becahse of the high withdrawal fees but actually some crypto gambling sites just removed it entirely because some people are abusing it and literally using it just to trade crypto.
Basically that their method of earning a passive income and if we're thinking they are abusing it, I guess we can't control them because that's their ways of managing funds to avoid being drowned financially. Btc transaction fees literally spikes due to rising value, so it's expected to happen, of course if you're earning good then everything always matters on other certain consideration.
But not many people can have earnings good from gambling. They think that if they can win the game, the money will be worth it for them, so they want to reduce the fee by converting bitcoin to altcoin, which can help them pay a low fee. It is normal if they always do that while the bitcoin fee transaction is too high for them, but they will back to bitcoin withdrawal once the fees can be low.
If they can convert their bitcoin to altcoin, that can bring them another benefit because the altcoin can also rise higher. When they can hold the altcoin for a while and not too rush to sell at once, they can sell it at a high price. That can give them more money.
Looks like bitcoin transaction fee is high at the moment, I transacted recently and the fee was like 0.0003+ per transaction.
Would this mean that you guys are experiencing a high withdrawal fee also at the moment?
Yes, it's high.Would this mean that you guys are experiencing a high withdrawal fee also at the moment?
But for fixed withdrawal fee casinos, they won't increase the fees. I think that's what can we see for those casinos that have fixed withdrawal fees.
Other casinos that have integrated exchange can convert into alts for lesser fees. But not all gamblers are like that, because of the increase in bitcoins price. They want to remain it as is in bitcoin.
Well you can always gor for gambling casinos where they have an exchange function capable of you exchanging your BTC to another altcoin that has lower transaction fee and then later on just converting it back to BTC. I know some gambling sites have this made becahse of the high withdrawal fees but actually some crypto gambling sites just removed it entirely because some people are abusing it and literally using it just to trade crypto.
I usually use other crypto or altcoins in gambling like XRP or ETH since BTC fees is way too high that It's fee also can be used to atleast bet in a 1-3 rounds. Luckily, there are already many casinos who accepts not just BTC but also many other altcoins depending on what casino they are, or better if they are in EOS platform.
What's special about EOS platform? sorry to ask, never gambled on a certain platform before. Jump to: