Topic: How do you deal with high transaction fee on BTC on gambling? - page 3. (Read 535 times)
December 07, 2023, 07:18:30 AM
Imo Bitcoin is not suitable for quick transactions in general, so it isnt correct to complain about high transactions fee on gambling. Gambling platforms always offer a bunch of other cryptocurrencies for deposit. Even with mempool being not so overloaded, I prefer not to use BTC for gambling. Because by the time transaction gets confirmed, I dont want or have free time to gamble anymore. With current situation, I would suggest to wait, for example this morning low priority transactions were about 60-70sat only. Or to use alternative cryptocurrency.
December 07, 2023, 06:37:40 AM
I think everyone notice how high the current fee right now on Bitcoin network
I left the bitcoin I have on gambling site alone. If I use my weekly budget finish one day, I will pounce on it. But I have enough gambling weekly budget and I leave it alone the old bitcoin budget alone which I have transferred already to gambling site. I am using stable coins and other altcoins like litecoin and tron to gamble now. As for bitcoin, I will not use it until the mempool become decongested.It shouldn't be a problem, so far a gambler has alternative sources of payments, other than bitcoin, it's to take advantage of stable coins and altcoins, to make deposits. Bitcoin high transaction fees is a big disadvantage for it's usage to make payments for now, due to mempool congestion. It's only advantage for now is perhaps that it's somehow compelling people to keep accumulating and holding, so they'll have surplus to sale and make huge profit, during bull run.
December 07, 2023, 05:27:44 AM
How do you deal with this problem? Is there any casino that allows no confirmation to deposit?
Yes, some crypto-based casino services allow you to instantly deposit money as the deposit is reflected and use your balance without any block confirmation. As someone who rarely uses different services because I generally prefer crypto-based casino services that I trust, unfortunately there is no service I can recommend as I have never used a service that provides such opportunities.
Generally, I take care to choose another cryptocurrency instead of Bitcoin when I gamble especially during periods when transfer fees are high. Sometimes, instead of using the Bitcoin I earned from the signature campaign I make a bank transfer as a payment method and keep my Bitcoin balance in my savings wallet. So, I take care to use all the alternatives I know to avoid using Bitcoin for gambling especially during periods when transfer fees are very high.
December 07, 2023, 03:50:07 AM
How do you deal with this problem?
If we are quite reluctant to pay quite high fees, it is better to stop gambling for a while because high fees like now do not last long, usually no more than one week, and will return to normal and when it is normal we can go back to playing.Because my signature campaign payment goes directly to the casino account, I can use it straight away without thinking about fees and withdrawal fees don't change at the casino, and I'm lucky enough to currently have a free bet at one of the sports betting sites so it can be used without having to make a deposit, so the fee issue is currently not a problem for me, but hoping that there is a solution to the current high fees is certainly the hope of many people because even though there are altcoins that can be used, Bitcoin lovers will of course always consider Bitcoin as the main thing to use.
Have you tried converting to at least usdt? I think most casinos have such option for deposit and you won't have the issue of high fee with stablecoin.
which is what I understand from OP's post, he/she is gambling from the signature campaign payment and payment is made via BTC then he/she will still have to pay a high fee if he/she sends it to an exchange to exchange it for USDT, so changing it to USDT will not solve the high fee problem, unless he/she has USDT and temporarily uses it to deposit to the casino. 
December 07, 2023, 02:54:27 AM
I think everyone notice how high the current fee right now on Bitcoin network. I’m sure player like me that relying only on signature campaign payment in Bitcoin is having a hard time to play right now since the fee is insanely high.
How do you deal with this problem? Is there any casino that allows no confirmation to deposit? Let’s say I will send my Bitcoin using fee below average and then play while it’s still unconfirmed. I knew that some casino do have instant deposit but I never try depositing much lower fee to the average fee if they will still credit instantly.
It's harder for me to deposit bitcoins in casino compared to withdrawals from casino because there are many casinos that let you withdraw in exchange of paying small fee, there are also some like FortuneJack that let you withdraw for free if you 2x wager your deposit. If Bitcoin is not an option for you, then try to play with altcoins, you'll save on transaction fees.How do you deal with this problem? Is there any casino that allows no confirmation to deposit? Let’s say I will send my Bitcoin using fee below average and then play while it’s still unconfirmed. I knew that some casino do have instant deposit but I never try depositing much lower fee to the average fee if they will still credit instantly.
There might be some casinos that might allow you to play if you make transaction and have 0 confirmations but they won't allow you to withdraw your coins before your transaction gets 3 or 6 confirmations. If fees remain high, you might have to wait for some days or weeks until they go down.
December 07, 2023, 02:37:43 AM
Yes, some casino provided zero-confirmation for the balance.
However, you only can spend-it (Betting) but before the transaction is getting minimum confirmation you will cannot withdraw. I have some experience on (Roobet) with zero-confirmation, the balance credited before getting confrmation.
One another things, bitcoin fee is not really big at all. In around 1-2$ + If you using (Segwit) you can get more cheaper.
However, you only can spend-it (Betting) but before the transaction is getting minimum confirmation you will cannot withdraw. I have some experience on (Roobet) with zero-confirmation, the balance credited before getting confrmation.
One another things, bitcoin fee is not really big at all. In around 1-2$ + If you using (Segwit) you can get more cheaper.
$1-2 is below average fee, i think it would take days if not weeks for it to be confirmed. the insane fee probably contributes to people holding their BTC for long term which is good too. i also use segwit and to secure confirmation would be at least $6 at least in this mycelium that i'm using.
for the OP, as long as transaction fees are high usually all gamblers choose to use other alternatives such as using altcoins with lower fees with standard speeds and usually they use stable coins like USDT or others and this alternative seems much better than being forced to use lower fees but there a risk of running out of gas fees and deposit will not arrive.
December 07, 2023, 01:58:38 AM
If you have the means to exchange it first for another coin like XRP (cheaper) then do so before deposit. But if it's in a Bitcoin-only wallet then it's all up to how much it is in fees. You could wait longer but it's a bumpy ride and you might get bored waiting just for a few thousand of satoshis difference.
You will have one more to worry about, once you win you will have another problem and that's the withdrawal fees. There are no changes in the amount of satoshis being charged but since the value of Bitcoin is growing it feels very high when converted to USD.
That's why it's best if you can exchange it first for a coin with cheaper fees because that way, in case you win you will not have a hard time withdrawing too. I mean, based on my experience, it's the wall today on why many gamblers like me won't get out yet. They might try winning that amount first so that it would feel like the gambling site to cover the withdrawal fees.
You will have one more to worry about, once you win you will have another problem and that's the withdrawal fees. There are no changes in the amount of satoshis being charged but since the value of Bitcoin is growing it feels very high when converted to USD.
That's why it's best if you can exchange it first for a coin with cheaper fees because that way, in case you win you will not have a hard time withdrawing too. I mean, based on my experience, it's the wall today on why many gamblers like me won't get out yet. They might try winning that amount first so that it would feel like the gambling site to cover the withdrawal fees.
December 07, 2023, 01:25:47 AM
While gambling, there is no condition that you have to use only Bitcoin, so here you can gamble using alternative coins of your choice with low transaction difficulty. But I think even if the deposit funds are accepted at zero confirmation, confirmation is required to withdraw them. I would suggest that you use any other altcoin for gambling, in this case you can use trx as the transaction fee is low and very fast.
December 07, 2023, 01:08:31 AM
with the fees being so high, my approach to the game definitely changes.
I am forced to decide which events to play, carefully checking the odds and also taking into account hypothetical variations while waiting for One confirmation
I could keep some fee funds at the gambling site but basically I always make a withdrawal at every session.
I am forced to decide which events to play, carefully checking the odds and also taking into account hypothetical variations while waiting for One confirmation
I could keep some fee funds at the gambling site but basically I always make a withdrawal at every session.
December 07, 2023, 01:03:16 AM
How do you deal with this problem? Is there any casino that allows no confirmation to deposit? Let’s say I will send my Bitcoin using fee below average and then play while it’s still unconfirmed. I knew that some casino do have instant deposit but I never try depositing much lower fee to the average fee if they will still credit instantly.
I no longer use Bitcoin for deposits on gambling sites due to high transaction fees and long network confirmations, I prefer to use Tron. As I write this comment, the transaction fee on the mempool is about $6, which is a lot considering I only deposited about $20 or $30. Even though the increase in transaction fees on Bitcoin is only temporary, using Tron is more logical for me because the transaction fees are very cheap.
I have no experience playing on gambling sites that credit balances when Bitcoins have not been confirmed by the network. Usually the balance will be credited when my bitcoin deposit has received at least 1 network confirmation.
~snip~
Yeah, tron and doge are great options to use for gambling because of their low fees and fast transactions. When making a deposit on a gambling site using Bitcoin, we have to wait at least 10 minutes for our transaction to be confirmed by the network, which is an annoying waiting time. I like bitcoin primarily as an asset, but for gambling activities I don't like bitcoin
In some cases we do have to choose the right option, I've never used Lightning so I can't comment. Apart from that, we also need transactions from Bitcoin Segwit to the Lightning network so that is not a solution but instead adds costs because the transaction is done twice. So Tron and Doge are still the best choices for gambling activities
December 06, 2023, 11:45:46 PM
Convert your bitcoins into another altcoin. Currently the altcoin price is low only, and then send these altcoin to the casino if you want to gamble. This is only the best method possible if you ask me. There are many casinos present which allows 0 confirmation deposits, but they have some shady reputations too. So if you love your hard earned money, then avoid these types of casinos. Currently the fees are not so high, it’s still manageable according to me.
What if your bitcoin is in your wallet? Like when you are earning bitcoin, you know that when it's moved to an exchange to convert to altcoins, you'll have to pay for the transaction fee. So it's still the same; you won't get away with the high transaction fee. In my opinion, it's not wise to gamble this time. The market is very bullish, and by holding your bitcoin alone, you are already making gains—safer than gambling.
With the high transaction fee, which is around $10, small-time gamblers are going to suffer. It's not worth it, so it's better to keep it (HODL).
December 06, 2023, 10:47:48 PM
Convert your bitcoins into another altcoin. Currently the altcoin price is low only, and then send these altcoin to the casino if you want to gamble. This is only the best method possible if you ask me. There are many casinos present which allows 0 confirmation deposits, but they have some shady reputations too. So if you love your hard earned money, then avoid these types of casinos. Currently the fees are not so high, it’s still manageable according to me.
December 06, 2023, 10:02:35 PM
How do you deal with this problem? Is there any casino that allows no confirmation to deposit? Let’s say I will send my Bitcoin using fee below average and then play while it’s still unconfirmed. I knew that some casino do have instant deposit but I never try depositing much lower fee to the average fee if they will still credit instantly.
I sometimes take advantage of instant deposits offered by a couple of casinos, and the downside is waiting indefinitely because it could take weeks or even a month before the network is back to regularly using low fees. If you always play small, this might be the best option.The other option I go for is the exchange route. Sometimes, I would directly deposit my BTC on the casino because others have an indirect exchange system where you can withdraw a different altcoin.
December 06, 2023, 07:54:14 PM
I think everyone notice how high the current fee right now on Bitcoin network. I’m sure player like me that relying only on signature campaign payment in Bitcoin is having a hard time to play right now since the fee is insanely high.
How do you deal with this problem? Is there any casino that allows no confirmation to deposit? Let’s say I will send my Bitcoin using fee below average and then play while it’s still unconfirmed. I knew that some casino do have instant deposit but I never try depositing much lower fee to the average fee if they will still credit instantly.
How do you deal with this problem? Is there any casino that allows no confirmation to deposit? Let’s say I will send my Bitcoin using fee below average and then play while it’s still unconfirmed. I knew that some casino do have instant deposit but I never try depositing much lower fee to the average fee if they will still credit instantly.
This was the unexpected and unacceptable one by the exchanges move in the bull run.How it allow the gambler to send their bitcoins to the gambling sites using this huge fee not an possible one.If the exchange had not reduced their fees for the longer term,this will surely impact the current gambling market.Without the deposit from the outside how the gamblers will play in the gambling sites.It will be the most difficult one to the gamblers.As we know buying the cryptocurrency in the gambling sites itself very high,So sending money from the exchanges to the gambling site will be the only option available to the gamblers.
December 06, 2023, 07:34:00 PM
How do you deal with this problem?
I am using electrum for my wallet and I deal with high fees by adjusting the fee rate, in reference to the mempool fee information and lowering them in a state where it can be easily confirmed once the congestion of the network got resolved .
Is there any casino that allows no confirmation to deposit? Let’s say I will send my Bitcoin using fee below average and then play while it’s still unconfirmed. I knew that some casino do have instant deposit but I never try depositing much lower fee to the average fee if they will still credit instantly.
There are some casinos that have a feature of crediting deposits even without confirmation (regardless of tx fee or even when RBF is enabled) but please be informed that you also cannot withdraw your winnings if the deposit is yet to be confirmed.
December 06, 2023, 06:59:22 PM
I think everyone notice how high the current fee right now on Bitcoin network. I’m sure player like me that relying only on signature campaign payment in Bitcoin is having a hard time to play right now since the fee is insanely high.
How do you deal with this problem? Is there any casino that allows no confirmation to deposit? Let’s say I will send my Bitcoin using fee below average and then play while it’s still unconfirmed. I knew that some casino do have instant deposit but I never try depositing much lower fee to the average fee if they will still credit instantly.
How do you deal with this problem? Is there any casino that allows no confirmation to deposit? Let’s say I will send my Bitcoin using fee below average and then play while it’s still unconfirmed. I knew that some casino do have instant deposit but I never try depositing much lower fee to the average fee if they will still credit instantly.
The best way to deal with high confirmations is to use altcoins in the process. With congested and high fees, it will surely eat up your balance as miner fees are like $10 from the last time I checked.
Swap your BTCs to any altcoins that are available in the respective gambling website and you are good to go. If you really want to gamble with BTC, then the only solution is to wait until the transaction fees lower but this will take some time given that Christmas is around the corner and the fork is coming very soon.
December 06, 2023, 06:54:05 PM
I can understand that this is a very real issue for those that don't have the income to gamble a lot but still want to gamble a little.
So, in these cases, I think the best move would be to simply use another currency for deposits. Sadly though most casinos don't support trading your balance to another currency inside their platform. So you will have to get used with vetting with that other currency, instead of seeing Bitcoin when gambling.
So, in these cases, I think the best move would be to simply use another currency for deposits. Sadly though most casinos don't support trading your balance to another currency inside their platform. So you will have to get used with vetting with that other currency, instead of seeing Bitcoin when gambling.
December 06, 2023, 06:48:41 PM
I just use a different crypto in general. Or if I don't really feel like gambling in that particular moment, I just stop playing altogether.
You can't make bitcoin's transaction fees change in the blink of an eye, so might as well work with what you can do instead of whining about what you're dealt with. If you're not comfortable paying that much fees for bitcoin, use a less congested network or maybe use the lightning network if you're too much of a bitcoin maximalist. If it can't be helped, just stop gambling altogether for that particular day, and hope and pray that tomorrow or the next time you feel like gambling, it's much cheaper. You play with the cards you're dealt with, not complain why you got a shitty hand.
You can't make bitcoin's transaction fees change in the blink of an eye, so might as well work with what you can do instead of whining about what you're dealt with. If you're not comfortable paying that much fees for bitcoin, use a less congested network or maybe use the lightning network if you're too much of a bitcoin maximalist. If it can't be helped, just stop gambling altogether for that particular day, and hope and pray that tomorrow or the next time you feel like gambling, it's much cheaper. You play with the cards you're dealt with, not complain why you got a shitty hand.
December 06, 2023, 06:33:07 PM
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Swap to a different coin with fewer fees? I mean it doesn't really matter what coin you use, you're going to lose it all while playing anyway 
. That aside though legitimately just do that, then transfer whatever winnings back into Bitcoin afterward. I completely gave up on using BTC once after the fees were similar, or even more really to what we have right now. It was just too much considering I'm transferring money to spend it and I'd have to spend a quarter, a half? of what I have to move it. I've had enough of that with ETH back in the days. 
December 06, 2023, 06:28:53 PM
I think everyone notice how high the current fee right now on Bitcoin network. I’m sure player like me that relying only on signature campaign payment in Bitcoin is having a hard time to play right now since the fee is insanely high.
That's definitely a big problem now as alot of peeps can't even redeem Thier transactions, talk more of having some to spare out on casino sites ..mempool currently requires 250 - 340 sat/vbyte as their fair rate for fast confirmations... I'm just wondering how casinos are able to cope with this high fees.. cus definitely, they'll have a decrease transaction rate.
If we do speak on the number of gamblers that cant play because of the high fees then pretty sure it would really be that pertaining into those small time gamblers and i dont see
it could affect that much because if there would be those whale gamblers then it wont really be that much of an issue because paying up 20 bucks for fees wont really be that a problem.
For those who are really that casual gamblers or who are really just that spending a few bucks then this would really be an issue but casinos wont really be minding much
as long they do have those huge wagerers then it wont really be that a problem.
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