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Topic: Gambling sites and current transactions fee - page 7. (Read 858 times)

legendary
Activity: 1834
Merit: 1208
December 07, 2023, 12:39:54 AM
#9
Being a gambler,my opinion is to hold till the money in the exchange itself.Surely we get the profit from the gambling site,if we follow some techniques in the gambling site.But my point is why we need to pay the exchange fee of 26 dollars for the single transaction.
The first thing is why you hold your coins in centralized exchange.

The second is gambling will not always make you earn.

And the third is, even you send your coins from non custodial wallet where you can customize your own fee to make it cheaper, do you think withdrawing your coins from casino is free? only few casinos offer free withdrawal.
sr. member
Activity: 882
Merit: 457
December 07, 2023, 12:09:58 AM
#8
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.Being a gambler,my opinion is to hold till the money in the exchange itself.Surely we get the profit from the gambling site,if we follow some techniques in the gambling site.But my point is why we need to pay the exchange fee of 26 dollars for the single transaction.


I think there is no problem if we want to make a deposit to a gambling site if we already have bitcoin on Binance. We just exchange it for Tron or Doge and we can deposit to the gambling site at a low cost. If the bitcoin we have is still in the Electrum wallet, that is a problem because we don't have the option to exchange it for altcoins, so inevitably we have to pay high fees if we want to deposit to a gambling site.
hero member
Activity: 1330
Merit: 585
Leading Crypto Sports Betting & Casino Platform
December 06, 2023, 11:41:39 PM
#7
bullrun always have a bad impact with high fees and lower class gamblers will complain about this, even I also felt the impact of the increase in BTC fees. but there are always other alternatives and this fee increase will not discourage gamblers because there are many alternatives to continue gambling with lower fees.
and gambling sites may not be able to do anything because this is the impact of the upcoming bullishness so gambling sites can only follow the costs of the current BTC price and we as gamblers have to make a little effort to find the cheapest alternative.
full member
Activity: 2548
Merit: 217
December 06, 2023, 08:02:02 PM
#6
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.
full member
Activity: 476
Merit: 141
December 06, 2023, 07:37:54 PM
#5
The current Bitcoin price is only a small bullrun due to Bitcoin's high transaction fees which surprises everyone. If such a transaction fee (small holders/owners of small amount of bitcoins will definitely be vulnerable here). Some time ago the Bitcoin transaction mempool was much larger. We cannot afford transactions with such high fees. Small gamblers in particular are currently at risk because dollars cannot be transferred elsewhere. Almost everyone is at risk because of the current high fees, which is currently the biggest barrier.



legendary
Activity: 1064
Merit: 1000
Leading Crypto Sports Betting & Casino Platform
December 06, 2023, 07:27:08 PM
#4
This is about Binance, which is not a gambling site but an exchange. This topic should be moved to exchanges.


This thread is not fully based on the exchange,it was described about the impact of the current transaction fee on the gambling site.Since it was based on the gambling site transaction,I think this will be exact location to discuss about it and it was my recent experience in the gambling site.This was not my situation being the gambler,it was the same situation faced by my all of the gambler friends.We should wait for the market fees to settle down to deposit in our gambling site.


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.Being a gambler,my opinion is to hold till the money in the exchange itself.Surely we get the profit from the gambling site,if we follow some techniques in the gambling site.But my point is why we need to pay the exchange fee of 26 dollars for the single transaction.
Binance is charging fee on bitcoin transaction excessively. They are really using it to make money for their own pockets.


It was their own decision to get some dollars from their user at this bull run.But it had impact to the gamblers who only use the exchange for the deposit of the money to the gambling site.Because even the best gambling site had high fees to buy crypto using our credit cards.This was the important reason the gamblers to buy their crypto coins in the binance and then send the same to the gambling sites.We hope the transaction fee will back to normal in few weeks.So the gamblers should have some patience for their further transactions to the gambling sites.
legendary
Activity: 980
Merit: 1000
Next Generation Web3 Casino
December 06, 2023, 07:14:35 PM
#3
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.Being a gambler,my opinion is to hold till the money in the exchange itself.Surely we get the profit from the gambling site,if we follow some techniques in the gambling site.But my point is why we need to pay the exchange fee of 26 dollars for the single transaction.

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.


It was not expected at this time,because I had a different plan in this bull market.If I had multiple the cryptocurrency in the gambling site,then I will get more dollars with the bull run.But the same was backfire now,So holding will be the better option as like you stated.If the gambler ready to pay the fee and manage the same from the gambling site profit can do the transaction now.

But to take risk,you should have steady profits from the gambling site.Or else it will be the complete loss in the gambling site and loss posses due to the transaction fee.It leads to two loss for playing the gambling which make the gamblers to get additional loans from their friends.We know the stand for our friends on the loans for the gambling,they never give us loss for the gambling.It leads to the gamblers to bankrupt due to their decisions of playing gambling at this high transaction fee which prevails in the current market.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
December 06, 2023, 07:09:28 PM
#2
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.Being a gambler,my opinion is to hold till the money in the exchange itself.Surely we get the profit from the gambling site,if we follow some techniques in the gambling site.But my point is why we need to pay the exchange fee of 26 dollars for the single transaction.
Binance is charging fee on bitcoin transaction excessively. They are really using it to make money for their own pockets.

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.
If it is small amount of money, move it using a lightning network. The fee is cheap.
legendary
Activity: 1064
Merit: 1000
Leading Crypto Sports Betting & Casino Platform
December 06, 2023, 07:03:58 PM
#1
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.Being a gambler,my opinion is to hold till the money in the exchange itself.Surely we get the profit from the gambling site,if we follow some techniques in the gambling site.But my point is why we need to pay the exchange fee of 26 dollars for the single transaction.

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.
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