Topic: Fees!!! - page 2. (Read 2877 times)
It's really good question. Nowdays some gambling websites have old fixed transaction fee which causes problem for withdrawing of serious amount of bitcoin. So to fix this situation, you have to withdraw small amounts or you can change your gambling website. There is no another chanse or maybe contacting with support and fixing situation with him/her will be another choise.
You shouldnt be worried about fees till casino pays full amount. In this casino business they dont want to look so pity for few bucks. Dont forget, transaction fees are mostly related to bitcoin price.
Most of the Casino are deducting fees to the total amount that you withdraw like Primedice and Bitsler were the fees are incredibly high. But some Casino still offers fee free like fortunejack and betcoin. BTW the withdrawal on fortunejack is now instant so we can cashout anytime without thinking fee.
As a user, if you find it hard to cope with the fees, you can always withdraw once a month.
Also, with block size consensus reached, we're going to have much lower fees in the next 6 months.
If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?
I think yes but no any casino will be willing to take this responsibility. They only update their system when someone report this issue to them and what best users can do is to either wait for confirmation or use tx accelerator services like viabtc tx accelerator to get faster confirmation. It is true. If we want to accelerate the confirmation of our transaction then it is to our expense. The only responsibility of casino with our transfer is releasing the fund. The delay of the confirmation is not covered of their responsibility since the fund is out of their hands and have been transfered to their client.
The casino has no concern with the confirmation of the transactions. The only role of the casino is to make sure that the funds have been released to the accounts.
Well, I do want someone to take the responsibility for that slow confirmed transaction. Anyhow, it is a problem which everyone is facing everyday
let us not forget that most of these casinos and sportsbooks dont put these fees on us and they have taken the resposibility to take it up as there own, besides the are profit based businesses so i guess they have to minimize on loss by setting acceptable fees which in most instances are not that slow to confirm.I think these casinos earn so much that they do not have to worried about the fee and they give fee of transactions themselves, as it is so minimal as compare to the profits they earn.
If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?
I don't think so. Remember we are playing and using crytocurrency here. We shouldn't really consider the price of it in fiat as that is not what we are playing here. We are not playing $2 per bet but 1mbtc per bet, something like that. So we should not really convert anything even at the point of withdrawal.
You shouldnt be worried about fees till casino pays full amount. In this casino business they dont want to look so pity for few bucks. Dont forget, transaction fees are mostly related to bitcoin price.
Most of the Casino are deducting fees to the total amount that you withdraw like Primedice and Bitsler were the fees are incredibly high. But some Casino still offers fee free like fortunejack and betcoin. BTW the withdrawal on fortunejack is now instant so we can cashout anytime without thinking fee.
You shouldnt be worried about fees till casino pays full amount. In this casino business they dont want to look so pity for few bucks. Dont forget, transaction fees are mostly related to bitcoin price.
he doesnt generally mean about the fees on sending the withdrawals since most casinos do really make free of charge for their players the main concern of op is when gambling sites do set small amount of fee for a certain withdrawal and he was on doubt on sudden price decrease of bitcoin in times on when its still transferring, to asnwer this question they wont bother at all to give you add up knowing the price of bitcoin is volatile. the only thing here is if we withdraw and the timing is bitcoin fell down better to hold and wait for the price to fluctuate before exchange it into fiat.
Yes I agree I am also not in favor of the panic selling. When you come to know that the price is getting down hold your coins for a while and wait for the desired price. I mostly recommend that people should wait for the bitcoin price to raise high and then sell it. I think people who are in panic selling of the bitcoin are doing mistake because keeping in mind the future of the bitcoin the best option for everyone is to wait instead of the panic selling.For a gambler who will be ready to hold and for those who are not dealing in fiat value, this will not be a big concern. After getting into bitcoin gambling, I totally forget about calculating how much I am making or losing in gambling in fiat equivalents.
You shouldnt be worried about fees till casino pays full amount. In this casino business they dont want to look so pity for few bucks. Dont forget, transaction fees are mostly related to bitcoin price.
If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?
Will you be ready to return some portion of your withdrawal amount in the case of prices increasing between your withdrawal time and confirmation time ?We are in agreement with every gambling houses to deal in BTC value regardless of where the prices of bitcoin is fluctuating.
A sender of bitcoin cannot be responsible for confirmation time except setting up enough fees for transactions.
Well, I do want someone to take the responsibility for that slow confirmed transaction. Anyhow, it is a problem which everyone is facing everyday
let us not forget that most of these casinos and sportsbooks dont put these fees on us and they have taken the resposibility to take it up as there own, besides the are profit based businesses so i guess they have to minimize on loss by setting acceptable fees which in most instances are not that slow to confirm.Well, I guess they really have to shoulder these fees as we don't really have control over how much inputs and outputs they are going to do in every transaction they get. Nowadays and usually, these services charge fees for withdrawals so in effect users pay a portion of the fees. And they also combine transactions which means sometimes they get more money from fees their users pay them.
Well, I do want someone to take the responsibility for that slow confirmed transaction. Anyhow, it is a problem which everyone is facing everyday
let us not forget that most of these casinos and sportsbooks dont put these fees on us and they have taken the resposibility to take it up as there own, besides the are profit based businesses so i guess they have to minimize on loss by setting acceptable fees which in most instances are not that slow to confirm. If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?
i am sure that the casino will have a minimal fees for withdrawal and i am sure that they will concern about this because they don't want to see that their members have any problem when they want to make withdraw their winning money. and if the price of bitcoin drops a lot, the casino will be anticipate this too and i am sure that they will solve the problem and will make their members satisfied with their service. without satisfying from the members, i think its hard to see the casino will stay for a longer time and i think the casino will gets bankrupt soon without any members want to playing games in their site.
Yes the casinos will never make problem to there players. Becasue it will effect on their main business. Yes now the confirmation fees are bit high in all casinos, but they are giving good service. I am also satisfied for this fee. Yes if the price drops then the casino's also taken some action on this fee, and they will give other better solution for players.
If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?
i am sure that the casino will have a minimal fees for withdrawal and i am sure that they will concern about this because they don't want to see that their members have any problem when they want to make withdraw their winning money. and if the price of bitcoin drops a lot, the casino will be anticipate this too and i am sure that they will solve the problem and will make their members satisfied with their service. without satisfying from the members, i think its hard to see the casino will stay for a longer time and i think the casino will gets bankrupt soon without any members want to playing games in their site.
Fees are still not significant, really.
For most people who gamble significant amounts, especially those who use sports related sites or do arbitrage betting, it really doesn't matter that they pay a couple of dollars to get confirmations, because Bitcoin is still more convenient than fiat for online gambling.
You could always use an altcoin as well.
At the current rate, I'd say that fees are becoming pretty significant though. Especially for people who like to gamble under $100, if you're sending Bitcoins with multiple inputs.For most people who gamble significant amounts, especially those who use sports related sites or do arbitrage betting, it really doesn't matter that they pay a couple of dollars to get confirmations, because Bitcoin is still more convenient than fiat for online gambling.
You could always use an altcoin as well.
I think the casino should cover part of the fees and some casino's do that, it's a great service imo.
I think there would be adjustment in these fees as well when btc price gets too high or too low. even in exchanges, i've observed some platforms raised their charges for transactions like withdrawals though its possible that it still will change depending on the movement of btc
If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?
This is a surprisingly interesting question for gambling my opinion is YES if they do not provide an option for you to top up the fee that is sent to a wallet, if you can toggle between certain fee prices and decide to pay a low one and get burned that's on you, if you pay extra for speed and agree to that cost then that should be allowed.
I agree with this... There are only a few comment posters on this thread with some sense and you are one of them. The others who says casinos are responsible because "THEY" didn't add enough fees, then who is? Apparently a lot of posters didn't read or understand the question. For example I had one casino to send a withdrawal that took 3 days to confirm because of low fees. The price dropped by the time i got it. What if the price you cashed out at btc were 2500 but the casino decided to stall and when they did finally paid you the price of btc is at 1800. Is this not a problem?
If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?
I think yes but no any casino will be willing to take this responsibility. They only update their system when someone report this issue to them and what best users can do is to either wait for confirmation or use tx accelerator services like viabtc tx accelerator to get faster confirmation. I think the tx fee are very minimal as compare to the earning of the casino. So no casino will put a less tx fee, just to delay the transcation and ruin their reputation. If a casino does this, no one will come back again to the casino to play, so it will be a blunder for a casino to put low tx fee. A good casino should put a high tx fee and no deduction of fee to give their customer a better playing experience and therefore a boost in their own business.
This is a big problem I always had with Directbet before it closed (and I left them like 2 months due to that). They sent the payment fully without taking anything from me but the fees are very very low, I had to use accelerators sometimes and wait for days... I suggest to all casino's to make the fees entered manually with ~2 being the minimum, thus the player can't complaint.
Fees are not a problem for all the gambling sites I played with. All the gambling sites already made a lot of money from the winnings they gained through the house edge. Therefore, it makes no sense for any gambling sites to save on the btc transaction cost as it could destroy their reputation. Everyone will take withdrawal seriously so serious gambling site will save money on this.
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