Some gambling platforms might have the ability for you to swap to a more viable alternative, like Ethereum or Litecoin. Both of these currently have very reasonable fees, especially Litecoin, where the fee is still fractions of cents.
If the ability to swap is not there and you aren't itching to move elsewhere, the best thing you can do to save yourself from burning money is to wait for fees to come back down. Otherwise, the only options is to accept the withdrawal fee and be on your way...do note however, that if you are moving to a wallet, you will have to pay the fee yet again to be able to move it elsewhere. So the most ideal solution if you need to transact often is to get it into another cryptocurrency.
But the deposit fee for the bitcoin from the exchange is still high like 7-8$ per transaction.Many gambling sites doesn’t provide the swap of coins,but the exchange had provide the same.
There are deposit fees on casinos now? Kind of makes sense since all deposits need to be moved after being deposited to your account so I suppose you're paying that fee. Though wow, deposit fees...first I've heard of it.
Some gambling platforms might have the ability for you to swap to a more viable alternative, like Ethereum or Litecoin. Both of these currently have very reasonable fees, especially Litecoin, where the fee is still fractions of cents.
If the ability to swap is not there and you aren't itching to move elsewhere, the best thing you can do to save yourself from burning money is to wait for fees to come back down. Otherwise, the only options is to accept the withdrawal fee and be on your way...do note however, that if you are moving to a wallet, you will have to pay the fee yet again to be able to move it elsewhere. So the most ideal solution if you need to transact often is to get it into another cryptocurrency.
The gambler should learn to hold the coin in the exchange which he get from the income or which he used to save for the future.Many people use to hold the money in the exchange my opinion is better to save in the gambling site which you had feel safe to hold the money.Because the transaction fee ftom the gambling site is nearly 3 times lesser than exchange transaction fee.
Holding in an exchange is dangerous. You are subject to any difficulties that the business has, your account is always vulnerable to macro breaches/hacks or isolated attacks on you, and there is generally no way to maintain privacy (if that matters to you).
A gambler, or anyone else for that matter, should be using self-custodual wallets for storage. That is the best way to store Bitcoin and also get closest to the lowest fee rate for future transactions.
