Casinos Withdrawal Fees Rise (!?)|| October 2020 - page 7.

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Quote from: Harlot on December 05, 2020, 05:42:46 PM

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.

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Quote from: Harlot on December 05, 2020, 05:42:46 PM

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 can see that being left open to abuse with users simply using the site to exchange their crypto to another coin without actually engaging in any game plays (or very little to give the illusion of gaming) - tracking IP's should go a little way to keeping tabs on punters who are just swapping crypto4crypto

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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.

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Quote from: mindrust on December 05, 2020, 08:54:56 AM

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Quote from: boyptc on December 05, 2020, 03:47:46 AM

Quote from: Questat on December 03, 2020, 07:10:57 AM

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.
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.

We'll have been experiencing the high fee in carrying out transaction recently, this is happening becasue of Bitcoin price movement but won't sty forever. It has been long i withdraw Bitcoin form my selected gambling platforms becasue i choose those casinos with the option of switching between coins to withdraw my winnings with. So, ensure to look out for such features in casinos before make deposit just to avoid this high charges from several casinos.

2017 was like this too. Bad news is the price will probably go down along with the fees. Right now there is a lot of interest for bitcoins.

If you want to make trades and got trapped on the casinos now that sucks. You'll have to pay the fee. Otherwise, just wait.

Clogged network doesnt really last long thats why if you arent on a hurry then its better to skip out and wait for the right time for you to make out such transaction.

If you are willing to pay up those high fees then its your choice but we know that not all would really be having that kind of thinking or financial capacity on where they do just
simply ignore those more bucks as long they would able to play and make a withdrawal later on.For big players then this wont matter but for small ones?
Sure thing that fee does really matter.

You would need to wait up if you dont like to spent up more.

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Quote from: Maslate on December 05, 2020, 08:25:21 AM

I guess there are already sites that offers that, Betnomi have that feature, you deposit a btc or any coin and you have a choice to cash out at any coin you like, other gambling site is bitsler, you can trade your coins to other coins, so it's very convenient.

Actually there are many of them right now, and the number of casinos that accept other altcoins increased significantly specially in this year and it's nothing like what it was in 2017 or even 2018-2019, now from all the casino websites that I know of I only know one or two of them that don't accept anything other than Bitcoin but sooner or later they surely will be adding altcoins specially if bitcoin keeps climbing and fees with it too, I don't understand why anywhere that accepts Bitcoin would be that much hesitant towards adding at least one or two altcoins on the side too considering their customers/users are going to save a lot of money using them as payment method and that gives them a clear advantage over their competitors.

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Quote from: boyptc on December 05, 2020, 03:47:46 AM

Quote from: Questat on December 03, 2020, 07:10:57 AM

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.
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.

We'll have been experiencing the high fee in carrying out transaction recently, this is happening becasue of Bitcoin price movement but won't sty forever. It has been long i withdraw Bitcoin form my selected gambling platforms becasue i choose those casinos with the option of switching between coins to withdraw my winnings with. So, ensure to look out for such features in casinos before make deposit just to avoid this high charges from several casinos.

2017 was like this too. Bad news is the price will probably go down along with the fees. Right now there is a lot of interest for bitcoins.

If you want to make trades and got trapped on the casinos now that sucks. You'll have to pay the fee. Otherwise, just wait.

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Quote from: Bitinity on December 05, 2020, 05:47:29 AM

Quote from: BuNga_cute on December 05, 2020, 04:15:31 AM

No need to panic about the increase in withdrawal fees at online casino, this is because the price of Bitcoin and some altcoins
has increased in price. But the solution is very easy, we only need to make withdrawals using altcoins which have low transaction fees.
Based on my observations, only Bitcoin and Ethereum have experienced a quite high withdrawal fee increase, the rest of the altcoins
are relatively cheap. My advice is to use Tron to make withdrawals from the gambling site, I have proven it, Tron transaction fees are
very cheap and fast.

The solution works only if you make the deposit with altcoins or you play on a casino with a direct conversion of your deposit into fiat then you can withdraw with any available coins on the casino. High transaction fees wont be a problem at all if we are playing on casinos with fixed withdrawal fee or casinos with free withdrawal fee. The increase happens on casinos where the withdrawal fee is always change based on the latest blockchain network, when network is congested then players will be charged higher fee. On the opposite, players will be charged less when the network is back to normal.

I guess there are already sites that offers that, Betnomi have that feature, you deposit a btc or any coin and you have a choice to cash out at any coin you like, other gambling site is bitsler, you can trade your coins to other coins, so it's very convenient.

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Quote from: BuNga_cute on December 05, 2020, 04:15:31 AM

No need to panic about the increase in withdrawal fees at online casino, this is because the price of Bitcoin and some altcoins
has increased in price. But the solution is very easy, we only need to make withdrawals using altcoins which have low transaction fees.
Based on my observations, only Bitcoin and Ethereum have experienced a quite high withdrawal fee increase, the rest of the altcoins
are relatively cheap. My advice is to use Tron to make withdrawals from the gambling site, I have proven it, Tron transaction fees are
very cheap and fast.

The solution works only if you make the deposit with altcoins or you play on a casino with a direct conversion of your deposit into fiat then you can withdraw with any available coins on the casino. High transaction fees wont be a problem at all if we are playing on casinos with fixed withdrawal fee or casinos with free withdrawal fee. The increase happens on casinos where the withdrawal fee is always change based on the latest blockchain network, when network is congested then players will be charged higher fee. On the opposite, players will be charged less when the network is back to normal.

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No need to panic about the increase in withdrawal fees at online casino, this is because the price of Bitcoin and some altcoins
has increased in price. But the solution is very easy, we only need to make withdrawals using altcoins which have low transaction fees.
Based on my observations, only Bitcoin and Ethereum have experienced a quite high withdrawal fee increase, the rest of the altcoins
are relatively cheap. My advice is to use Tron to make withdrawals from the gambling site, I have proven it, Tron transaction fees are
very cheap and fast.

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Quote from: Questat on December 03, 2020, 07:10:57 AM

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.

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.

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Quote from: Questat on December 03, 2020, 06:46:39 PM

Thanks for the tip, I think I'll have to wait until fee will get lowered or best alternative is to use an altcoins to gamble, at the moment, a lot of sites already have options for altcoins as deposit and since it's easy to create an account in different site, it should not be a problem.

I think there are casino already that you can choose what coins you want to widraw your earnings in other crypto currency aside from Bitcoin betnomi is one of the example you can play there in fixed USD value once you deposit and you can widraw in the altcoin of your choice other gambling sites also have own exchange that you can convert it to other crypto currency of your choice.

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Quote from: nikola22 on December 02, 2020, 03:39:09 PM

Quote from: pankowri on December 02, 2020, 05:28:40 AM

For transferring, I mainly use TRX to get faster service. I withdraw my funds from Betnomi which is a gambling sites and there has an option to select which you want. I generally select TRX to withdraw my funds and directly send to Binance. Currently, the fees increased in Eth transaction too. So if you don't want to withdraw now for fees then convert your Btc to another crypto which has lower fees, then go for withdrawal.

if you make bets in TRX or XRP the fees are relatively low and there are no problems with withdrawals. but if you make bets in BTC or ETH the fees are really high and user should think twice before withdrawing small sums.

Yes, I understand what you want to mean. But if I make bets on Btc or Eth or whatever crypto currency I use, I need to convert those whenever I make withdrawal. This service can be found on Betnomi sites. You can choose the option in withdrawal time. I mostly withdraw USD to TRX for low fees.

So it depends according to the site's policy. Fixed regulations policy or based on network both in different from each other. That's why it can be different.

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Quote from: panjul07 on December 03, 2020, 08:59:21 AM

Quote from: Questat on December 03, 2020, 07:10:57 AM

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?

Depends on the casino withdrawal fee's system, if the casino uses fixed system then it will remain the same no matter how expensive the current withdrawal fee is.
But if the casino uses a system where the fee is based on the latest network/mempool condition then players will have to pay higher fee.
30k satoshi is still low compared to what we have to pay few weeks back, so better thing to do is to wait till we get cheaper transaction fee if we are playing on casino with the 2nd mentioned system if we do not want to pay too high fee.

Thanks for the tip, I think I'll have to wait until fee will get lowered or best alternative is to use an altcoins to gamble, at the moment, a lot of sites already have options for altcoins as deposit and since it's easy to create an account in different site, it should not be a problem.

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Quote from: k@suy on December 03, 2020, 11:33:11 AM

Quote from: shield132 on December 02, 2020, 04:53:42 PM

As I see this thread was created in August. To be fair I don't remember how high were transaction fees back in August. Even if it was high, pre and post quarantine periods were the greatest for casinos, their profit was very high, so it should balance this out but right now, I can't say anything because in some countries there are significantly increased fees on casinos and even some countries seriously take care of antigambling companies that includes prohibiting of casino advertisements in TVs, billboards, etc. That's bad for casinos and their marketing.
I think casinos should let us to set custom fees on transactions! This will be the right deal for everyone right now.

This global pandemic we have right now has a positive effect in gambling especially onling gambling and casino. Online casino become the new trends in gambling and a good thing about online gambling was they are offering bitcoin as a payouts for player. Which made the crypto market especially bitcoin pump to now of having a value of $19,187. But the rise of bitcoin, the in demand of online gambling and casino may also be the reason of rising a casino withdrawal fees. Which of course was'nt impossible.

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.

If a casino do set up plus fees aside from network fees when making up some withdrawals then that would turn out to be not an appealing thing for most gamblers.

No doubt that online gambling did really make some significant advantage with this pandemic situation but doesnt mean that it would really be retaining when this
situation comes normalize.

About rise of fees then specially for dynamic ones then its already an anticipated thing and as others suggested then altcoin option will be your best shot.

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Quote from: shield132 on December 02, 2020, 04:53:42 PM

As I see this thread was created in August. To be fair I don't remember how high were transaction fees back in August. Even if it was high, pre and post quarantine periods were the greatest for casinos, their profit was very high, so it should balance this out but right now, I can't say anything because in some countries there are significantly increased fees on casinos and even some countries seriously take care of antigambling companies that includes prohibiting of casino advertisements in TVs, billboards, etc. That's bad for casinos and their marketing.
I think casinos should let us to set custom fees on transactions! This will be the right deal for everyone right now.

This global pandemic we have right now has a positive effect in gambling especially onling gambling and casino. Online casino become the new trends in gambling and a good thing about online gambling was they are offering bitcoin as a payouts for player. Which made the crypto market especially bitcoin pump to now of having a value of $19,187. But the rise of bitcoin, the in demand of online gambling and casino may also be the reason of rising a casino withdrawal fees. Which of course was'nt impossible.

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This is when the importance of altcoins in gambling is considered. Gamblers can still play using LTC or ETH whatever they see fit but to be honest, even ETH today is having a high market price which means that there's huge market activity and also might induce higher transaction fees like bitcoin. I would advise you to cash in through a bank or card if you cannot accept Bitcoin's transaction fee. But most of the time, these transaction fees are caused by huge market congestion. Meaning, many Bitcoin holders are transacting at the same time and the solution is just to wait.

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Quote from: Finestream on December 03, 2020, 09:02:22 AM

Quote from: panjul07 on December 03, 2020, 08:59:21 AM

Quote from: Questat on December 03, 2020, 07:10:57 AM

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?

Depends on the casino withdrawal fee's system, if the casino uses fixed system then it will remain the same no matter how expensive the current withdrawal fee is.
But if the casino uses a system where the fee is based on the latest network/mempool condition then players will have to pay higher fee.
30k satoshi is still low compared to what we have to pay few weeks back, so better thing to do is to wait till we get cheaper transaction fee if we are playing on casino with the 2nd mentioned system if we do not want to pay too high fee.

I think that's not a gambler's thing to "wait", I suggest to deposit a decent amount so you'll not make deposit from time to time, but of course only do it in a gambling site that you trust the most, putting your money more than 24 hours in their wallet is highly risky.

also make sure that you have a full control of your self before you decide to depo big at once because there are gamblers that when they see their self with a big balance the ego of them when betting are also boosted .

if your that type of gambler that still fine to depo big if you really want to do it for the sake of saving some money because of the high transaction fee of btc but make sure you do it on a casino that has an in built vault system on them to be able to put most of your depo money in the safe .

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Quote from: panjul07 on December 03, 2020, 08:59:21 AM

Quote from: Questat on December 03, 2020, 07:10:57 AM

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?

Depends on the casino withdrawal fee's system, if the casino uses fixed system then it will remain the same no matter how expensive the current withdrawal fee is.
But if the casino uses a system where the fee is based on the latest network/mempool condition then players will have to pay higher fee.
30k satoshi is still low compared to what we have to pay few weeks back, so better thing to do is to wait till we get cheaper transaction fee if we are playing on casino with the 2nd mentioned system if we do not want to pay too high fee.

I think that's not a gambler's thing to "wait", I suggest to deposit a decent amount so you'll not make deposit from time to time, but of course only do it in a gambling site that you trust the most, putting your money more than 24 hours in their wallet is highly risky.

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Quote from: Questat on December 03, 2020, 07:10:57 AM

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?

Depends on the casino withdrawal fee's system, if the casino uses fixed system then it will remain the same no matter how expensive the current withdrawal fee is.
But if the casino uses a system where the fee is based on the latest network/mempool condition then players will have to pay higher fee.
30k satoshi is still low compared to what we have to pay few weeks back, so better thing to do is to wait till we get cheaper transaction fee if we are playing on casino with the 2nd mentioned system if we do not want to pay too high fee.

Questat

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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?

Topic: Casinos Withdrawal Fees Rise (!?)|| October 2020 - page 7. (Read 6122 times)