Too much trouble. You'd literally not only be wasting time but also be wasting the profits you would've accumulated by letting your money sit inside the exchange till the transaction's a little less hefty. Not to mention the dangers that CEXs have posed in the past security-wise to its users. You could fall victim to a targeted scam/hack attack against the CEX itself and if you're not working with a reputable exchange like Binance you're fucked royally cause they'd probably won't pay you back the money that was stolen.
I suggest dealing with in-house currencies instead. Most gambling sites with crypto features have such anyway, and deposit just enough money to jumpstart your bankroll and nothing else. That way you can easily withdraw your money out since casinos have that feature anyway, and then at the same time use that same capability to secure your assets without being charged hefty transaction fees cause you're using an in-house crypto anyway.
Topic: Gambling sites and current transactions fee - page 3. (Read 858 times)
So far what I know is that transaction fees are not determined from Binance but from a network that is very full so transaction fees rise because they are busy,
No, AFAIK it's fixed. I remember the very first fees they charge is 0.0003 BTC but that was few years ago already, until it become 0.0005 BTC, and now it increases again. 
This increase occurs every time there is a bull run, I think it is natural because the dollar valuation follows the market.
But if the bitcoin unit does not change. This mechanism has been formed automatically.
However, unfortunately there are some exchangers who deliberately mark up transaction fees.
They take advantage of the momentum when there is a bull run to increase transaction costs which are sometimes crazy.
In my opinion, the most appropriate solution is to use another cheaper network or convert into another form of altcoin so that we can reduce transaction costs.
I prefer to hold my money on gambling sites until sufficient total funds have been collected, then I will move it to the exchanger. I don't really care about transaction fees when I have more than enough money to withdraw.
But if the bitcoin unit does not change. This mechanism has been formed automatically.
However, unfortunately there are some exchangers who deliberately mark up transaction fees.
They take advantage of the momentum when there is a bull run to increase transaction costs which are sometimes crazy.
In my opinion, the most appropriate solution is to use another cheaper network or convert into another form of altcoin so that we can reduce transaction costs.
I prefer to hold my money on gambling sites until sufficient total funds have been collected, then I will move it to the exchanger. I don't really care about transaction fees when I have more than enough money to withdraw.
Now the gambling site was in the trouble because of the high transaction fee by the exchanges like the Binance.It was unacceptable one for the gambler to pay 26 dollars to withdraw funds from the Binance.
Stop sending funds from your binance account to any casino sites directly if you care your binance account. Sooner or later that account will be disabled once detected. Also, it's commonly known that sending BTC from binance is not recommended due to its high withdrawal fee, unless you don't have a choice. Binance offers more chains, so you just need a casino that has more chains as well, and in my knowledge BC.Games have a wide choice of available chains. So there are ways to avoid high fees... I don't use Binance anymore (since they introduced mandatory KYC), so I don't know their rules now, but I had many transfers between Binance-Casinos and vice versa and I never had any problems with that. That was back then, as I said maybe they have some more strict rules about that now.
High transaction fees are nothing new, happened before and will happen in the future... that's why I like some alts and I like to use them, low fees and fast transactions are what we actually love in crypto!
This transaction fee issue is really affecting everyone in everywhere. And the way I am seeing it from here, exchanges are charging more than even the non custodial wallet transaction. Today I was thinking of the gambling sites how they are managing with this high fee era. Or is it the gambler who won the game would pay for the transaction fee or the site and definitely the is the person who is withdrawing. And that will affect them badly.
As a gambler there is no way you can keep or hodle your funds in the gambling site until the transaction fee would come back to normalcy. It will not be easy for that, and gambling can use it to play game until everything would be exhausted.
In the agreement, it is their responsibility to take charge of the transaction fee. But currently, some gambling platforms will split the fee with you. This means whenever you want to make a withdrawal they will take some percentage from the money you are withdrawing and add it with their own to cover for the transaction fees. However, only a few persons currently are withdrawing and depositing using BTC. Since we know that the transaction fees are high then we should avoid depositing or withdrawing with BTC. There are other methods for making payment, we should start to use them now. I think that is the best solution. As a gambler there is no way you can keep or hodle your funds in the gambling site until the transaction fee would come back to normalcy. It will not be easy for that, and gambling can use it to play game until everything would be exhausted.
Now the gambling site was in the trouble because of the high transaction fee by the exchanges like the Binance.It was unacceptable one for the gambler to pay 26 dollars to withdraw funds from the Binance.
Stop sending funds from your binance account to any casino sites directly if you care your binance account. Sooner or later that account will be disabled once detected. Also, it's commonly known that sending BTC from binance is not recommended due to its high withdrawal fee, unless you don't have a choice. There are several alternatives that can be used for transactions, you don't have to look for expensive ones, after all, there are lots of crypto payments in casinos, not just bitcoin or ethereum, which are currently still quite expensive in terms of transaction fees, except Litecoin with cheaper fees or other altcoins. So don't make things complicated because there are definitely other options to use other cryptos.
Due to the increase in Bitcoin transaction fees, the exchange platforms are charging extra fees and they treated it as a opportunity, I can say that their business is now making maximum profit. This is not the case only with Bitcoin. Yesterday when I was doing a stable coin USDT transaction I saw that instead of 1 USDT they were charging 1.5 USDT for withdrawal for my sportsbook. I wonder where ordinary investors will go if this is how their trading profit begins. In the current situation, I suspect that there is no chance for these transaction fees to decrease, but they will continue to increase as Bitcoin's popularity increases. At the same time, the dominance of BRC tokens will prevent Bitcoin from normalizing.
I think exchanges are always like that. Even before, their charges are already high, so I am not shock with it anymore. Good thing I rarely make a transaction, so I'm not totally bothered with it. In what chain/network did you use by the way when you make a USDT withdrawal? If it's on ETH, it's also not surprising but others might still be doing fine. With the implementation of BRC tokens, it may help BTC even became more popular. It's a good and bad thing at the same time I guess? We already know why. But we shouldn't feel bad on the other side because there might still be a solution to these problems we are facing now. We only need patience.
Now the gambling site was in the trouble because of the high transaction fee by the exchanges like the Binance.It was unacceptable one for the gambler to pay 26 dollars to withdraw funds from the Binance.
Stop sending funds from your binance account to any casino sites directly if you care your binance account. Sooner or later that account will be disabled once detected. Also, it's commonly known that sending BTC from binance is not recommended due to its high withdrawal fee, unless you don't have a choice. 
This transaction fee issue is really affecting everyone in everywhere. And the way I am seeing it from here, exchanges are charging more than even the non custodial wallet transaction. Today I was thinking of the gambling sites how they are managing with this high fee era. Or is it the gambler who won the game would pay for the transaction fee or the site and definitely the is the person who is withdrawing. And that will affect them badly.
As a gambler there is no way you can keep or hodle your funds in the gambling site until the transaction fee would come back to normalcy. It will not be easy for that, and gambling can use it to play game until everything would be exhausted.
As a gambler there is no way you can keep or hodle your funds in the gambling site until the transaction fee would come back to normalcy. It will not be easy for that, and gambling can use it to play game until everything would be exhausted.
In my opinion, this is quite normal, because transaction fees are determined by how many transaction processes are carried out on the blockchain, and if you don't want to incur large transaction fees, I suggest looking for a site that accepts other cryptocurrencies, you will see the comparison directly.
The bad thing is we're not yet in bullish season, Bitcoin price haven't even reach the previous ATH, so you can imagine how expensive is the transaction fees if Bitcoin can break to $100K mark.
I think the bull season has already began. ATH doesn't happen overnight. It's a long lasting process which may take several months until its peak. The bull season isn't composed only by ATH, just like the bearish season isn't composed only by the dip.Costs of transactions once BTC hit a new ATH may not be so expensive like now if there will be more miners and powerful machines involved on the process of running transactions. The problem is the congestion we are facing. There is a high demand of transactions on the network and not enough miners on the other way to resolve those transactions.
As the demands increases profitability of the business, it's likely soon enough there will be more miners venturing themselves on Bitcoin blockchain network*.
*Miners don't solely mine new BTC coins, they also keep the ecosystem running smoothly by solving transactions' codes in real time.
There's always an exchange that charge higher or lower than Binance, I believe there's a small exchange can offer cheap withdrawal fee, but it's worth to risk most of your coins only to save for ten or twenty bucks? I don't think so.
Yes, you are right. It's not worthful to use unknown services just for lower fees reasons. At same time, you can always keep your coins inside your personal wallet, so you will decide how much to pay for your transaction, accordingly to the currently market's prices, instead of being forced to pay an exorbitant fee by an exchange. legendary
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the problem of high bitcoin fees is not too much of a problem for online casinos considering that they have quite a lot of money in their vaults and which they can use to compensate a little to reduce the fees that will be charged to gamblers when making withdrawals. but the problem is that for gamblers who want to make deposits, it is best for them to use altcoins which have smaller fees.
and this is my reason why i prefer using litecoin compared to bitcoin when gambling, because the fees for using litecoin are much less than with bitcoin and the waiting time is much shorter.
Well, I agree wit you, but then it's important to know that not very casino will want to spend extra of their money when processing customers withdrawal requests, possibly because, the extra amount they are going to include could be seen as their own loss, this can be possible mostly with smaller casinos that are still struggling to start making enough profit for themselves.and this is my reason why i prefer using litecoin compared to bitcoin when gambling, because the fees for using litecoin are much less than with bitcoin and the waiting time is much shorter.
But for the bigger casinos, what you said it correct, atleast I know this for the fact that I was withdrawing from stake some time last week, and stake charged my around $4 worth of bitcoin as my withdrawal fees which I paid, but when I checked the transaction details on the blockchain Explorer, I discovered that stake actually spent $23 or there about for the transaction fee, which made the transaction to get confirmation in less than 5 minutes.
What I did advice every one who find the ways really difficult to pay is for them to avoid bitcoin transactions at the moment, possibly and hopefully, as time goes on, the fees may return back to being fairer than it currently is.
Everything is going towards the fact that the cryptoindustry is moving in the direction of a bullish trend and it may turn out that a bearish trend will have to wait a long time. And as the price increases, the commission (transactions fee) will also increase.
That's the important thing that people are forgetting. They think they'll hold their money in exchange or a casino because they don't want to pay $50 in fees, but when ETF gets approved and we go into a FOMO rally, your fees aren't going to drop. If anything, they're going to come up. Even if they ban ordinals, but we enter into a bull run, you can expect fees to drop by 10%, but they will still be high due to increasing demand.
If you don't want to pay a lot, either use LN, or convert bitcoin to another coin if you have the ability to do it cheap, but if you do that you'll probably miss the bull run. Either way the problem is not going to fix itself.
Yes transaction is destined to go high since the fiat value of Bitcoin is increasing while the fee is always in Bitcoin value. The only problem is the abnormal rate of fee increase right now due to the ordinals spam which will be much lesser fee now even with bullish trend if there’s no spam in the blockchain network.
Remember that there’s a lot of blockchain alternative alternatives already which means the volume of transactions is already distributed on different networks compared before when only few blockchain available which most people use the Bitcoin network to send transactions.
Everything is going towards the fact that the cryptoindustry is moving in the direction of a bullish trend and it may turn out that a bearish trend will have to wait a long time. And as the price increases, the commission (transactions fee) will also increase.
That's the important thing that people are forgetting. They think they'll hold their money in exchange or a casino because they don't want to pay $50 in fees, but when ETF gets approved and we go into a FOMO rally, your fees aren't going to drop. If anything, they're going to come up. Even if they ban ordinals, but we enter into a bull run, you can expect fees to drop by 10%, but they will still be high due to increasing demand.
If you don't want to pay a lot, either use LN, or convert bitcoin to another coin if you have the ability to do it cheap, but if you do that you'll probably miss the bull run. Either way the problem is not going to fix itself.
Currently, excessive transaction fees have become a huge problem for a gambler or a user. If you have to pay $20 to $30 fee per transfer to withdraw money or deposit money or transfer money, it is not good for investors or gamblers like us. However, this will not be a major concern for gamblers as gamblers not only have to transfer BTC to gambling sites, but gamblers can transfer various stable coins to all gambling sites if they wish. It is foolish to gamble with Bitcoin already because Bitcoin is a coin full of potential and the value of Bitcoin is increasing day by day to catch up. High transaction fees have become a problem for those who regularly transfer bitcoins from one wallet to another.
This was unacceptable one in the current crypto world,because we are in the festival season.Every one need of money for the festival expenses,but this will be negative for the campaign participants too.The safest people here was the people who getting the weekly payment in the gambling site like stake,but if you are gambler.It’s hard to withdraw the funds without playing.Because the gamblers had the habit of playing after seeing the dollars in the gambling site.The reasonwas the gamblers try to multiple the money and withdraw from the gambling site.Now the gamblers also had hard to deposit bitcoins to gambling site from other wallet.
My decision may be seems revolutionary one,but the fact is the same transaction fee will be reduced when the market back to the bear standard.The bull run give huge dollars to the trader who hold from the 31k market price of the bitcoin.I had some arguments with my friends with whom we meet on every weekend.They also had the opinion of hold their money in the exchange till the market fee back to the normal one.So what your standard for the current transaction fee of bitcoin.
This revolutionary solution can lead to the fact that you and your friends will have nothing to withdraw from the exchange or gambling site. 
Gambling sites may fail, and exchanges may close or go bankrupt (remember FTX?). Everything is going towards the fact that the cryptoindustry is moving in the direction of a bullish trend and it may turn out that a bearish trend will have to wait a long time. And as the price increases, the commission (transactions fee) will also increase. And I forgot that this problem (high transactions fee) will affect gamblers very painfully.
Just a question, what are some of the factors that determine the price of transaction fees? Do transaction fees increase when the market is bull/bear? I am quite curious on how this would affect cryptocurrency gambling due to the fact that your fees are as high as your winnings (well at least in my case).
Are you referring to withdrawal fees from some centralized platform or transaction fees on the Bitcoin network in general?
Withdrawal fees - those are set by whichever platform or company you're taking your money out of. Could be a flat rate, could be a percentage. Up to them. Bitcoin transaction fees though, those work differently. Bicoin users actually decide those by trying to outbid each other to get transactions on the next block. Market doesn't really affect the fees much directly - they can spike if the network gets congested or if there's a rush to move BTC for some reason. I thought most folks already knew this stuff inside out.
Since transaction fees are quite high, it is really recommended for a gambler to switch to another cryptocurrency to take advantage of a lower fee compared to BTC. Since they still exercise the "spirit" of gambling in crypto, this will still satisfy their cravings in the event that they opt to choose to gamble in an online platform.
For lots of folks who are into Bitcoin, using altcoins instead ain't really something they wanna mess with. I'd bet most people holding Bitcoin long-term have zero interest in converting their BTC to some other random coin just to take money off a platform and so, that could actually be good for gambling sites in a way. If its a pain to withdraw funds, seems like more people will just leave their money on the platforms.
This is the reason why I always keep gambling funds inside my gambling site accounts , yeah I leave small funds in each casino that I love to play being ready for this kind of situation .i have learned this many time before and yes now I know how to manage congested market.
so this may be lessons for those who loves to gamble when they have time to try let your small funds inside the site(of course like investing only the amount you can afford to lose) so you have multiple target , to have gambling funds ready? or to use as Holding amount.
Most times it looks unsafe keeping funds in your gambling account and I think that accounts for the reason most persons wouldn't want to keep money in their gambling account and would prefer to fund whenever they want to gamble, for the fear of loosing the funds to hackers who could possibly gain access to their accounts without permission.so this may be lessons for those who loves to gamble when they have time to try let your small funds inside the site(of course like investing only the amount you can afford to lose) so you have multiple target , to have gambling funds ready? or to use as Holding amount.
The current transactions fee which is relatively high as accounted for by the congestion is mostly peculiar to crypto gambling sites but for sites that uses Fiat I doubt if they are suffering same fate but nevertheless if you use crypto gambling sites, this period it's fine to probably leave some money in your gambling wallet to avoid all these charges but then you have to be mindful and make sure no other person have access to your account so as to avoid loss of funds without your prior permission
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I think anyone can still use other friendly crypto alternatives with cheaper transaction costs to gamble or pay for something on the internet, so in my opinion, bitcoin gamblers who are currently still active in using bitcoin, I consider them to be rich people because of the high value of bitcoin. the more expensive it is, they still use it to gamble and have fun instead of using it as an investment asset for the future.
I think anyone can still use other friendly crypto alternatives with cheaper transaction costs to gamble or pay for something on the internet, so in my opinion, bitcoin gamblers who are currently still active in using bitcoin, I consider them to be rich people because of the high value of bitcoin. the more expensive it is, they still use it to gamble and have fun instead of using it as an investment asset for the future.
With this market congestion of the bitcoin transaction, those platforms have their exchange inside their platform is the most suitable with this kind of feature of alternatives because players can make an exchange and easily cashout with the lesser fees at the same time if they want to play the coins they exchange to the casino still possible, rarely seen have this kind of feature, but if they will implement this in every casino could be a high impact like this current transaction fees.
Additionally, There’s also a casino that still offer free withdrawals like Sportsbet and its sister company. It’s more convenient to use them now instead of casino with exchange feature because you will still pay conversions fee and withdrawal fee in the end.
Also casino like Duelbits can be a good a addition on the casino that is good during congestion since it automatically convert your deposit currency to the casino default coins then let you choose on what currency you will withdraw later on which is almost equivalent on having built in exchange feature.
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I think anyone can still use other friendly crypto alternatives with cheaper transaction costs to gamble or pay for something on the internet, so in my opinion, bitcoin gamblers who are currently still active in using bitcoin, I consider them to be rich people because of the high value of bitcoin. the more expensive it is, they still use it to gamble and have fun instead of using it as an investment asset for the future.
I think anyone can still use other friendly crypto alternatives with cheaper transaction costs to gamble or pay for something on the internet, so in my opinion, bitcoin gamblers who are currently still active in using bitcoin, I consider them to be rich people because of the high value of bitcoin. the more expensive it is, they still use it to gamble and have fun instead of using it as an investment asset for the future.
With this market congestion of the bitcoin transaction, those platforms have their exchange inside their platform is the most suitable with this kind of feature of alternatives because players can make an exchange and easily cashout with the lesser fees at the same time if they want to play the coins they exchange to the casino still possible, rarely seen have this kind of feature, but if they will implement this in every casino could be a high impact like this current transaction fees.
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