How far will you go when you sent btc to a site with high fee but...

ice098

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Quote from: 2double0 on October 30, 2020, 07:32:54 AM

As I couldn't complete the question in the title, below it is:

How far will you go when you sent btc to a site with high fee but could not get it into the site because either the fee was low based on that time or they credit it after some confirms. Fee has become the talk of crypto nerds and everyone thinks that it is already so high. What will happen when price is high and miners increase fee, mempool is clogged and you have your favorite winning bet available right there on the table but your btc is in your wallet and you want it to reach the gambling site anyhow to bet and win? Give your valuable opinions as they matter.

I think I will ask the support if I can add more , since I cannot afford to lost this chance, in gambling you need to take the risk as well, if your instinct says that you need to bet on that then go for it, because if you will not do it then it will be your regret if your instinct is true, if you lose then charge to experience, gambler needed to manage his emotions as well so that it could not be so hard for him to suffer losses.

Shasha80

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If I have sent Bitcoin with high fees it shouldn't take too long to wait for the transaction to be confirmed. So I will decide to wait
and be patient until the Bitcoin I send arrives. Even though in the end I failed to place a bet on my favorite match, there are other
matches that might be better. So don't overdo it by doing double spend. There is a possibility that the costs incurred will be greater.

Eureka_07

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Had experienced scenario like this one, but that was because of a contest on-site.
In the case you that you'd given, I'll go to the one that cost less/nothing than paying more fees just my deposit to reach my balance.
It's better to try contacting the support of the casino to credit my pending deposit than adding fees or double spend, it's costly for me, not budget friendly.
Above all contacting the support and asking them to credit the balance is good both to me and the casino.

Pamadar

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Quote from: Gotumoot on November 03, 2020, 01:58:18 AM

I will just wait for it to be confirmed or be back on my wallet,
I wouldn't do anything since the fee for BTC is high right now or I could just send another one but in a different crypto.
I experience something like it before but back then the fee was small so I did sent another one just to gamble on the site and wait for the unconfirmed transaction to be confirmed or be sent back on my wallet.

So do I, instead of doing anything maybe better to pass for now.

This high fees really hurts the gamblers bankroll, though if the game you are really following have a high chance of winning for sure it's nature to anyone to take actions, depends from how you percept and see the opportunities.
If you really think that the game may win and the value of possible earnings can carry your additional fee, taking actions to pay of it always possible.

Debonaire217

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Quote from: Oasisman on November 03, 2020, 05:09:02 AM

Well, I'm not really spending almost $10 for the miner fees just to get the transaction confirmed quickly, and If It wouldn't reach the website before the favorite bet begins , then there's not much you can do but to learn from that situation. Always check the mempool and miners fee, send Btc to the gambling website few days ahead of your favorite betting schedule.
Not everyone is willing to spend too much for the miners fee. So, it's better to have plans ahead to save yourself from ridiculous transaction fees.

Correct, the best thing to do is to have a spare balance especially if you are waiting for a feature or event to happen. Bitcoin was never made for microtransactions, if we are to gambling with our funds, even if our bet is low, we should already allocate a good amount of our funds to it and to manage our gambling betting amount or lifestyle instead of always depositing money for daily needs.

But still, thanks to segwit as it helped us to reduce the transaction fees we need to pay as well as to make transaction confirmation faster.

XZERO1

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Quote from: asus09 on November 02, 2020, 11:07:50 AM

Right now is not good moment for using bitcoin as currency for betting in gambling, last week I sent bitcoin have waiting for more than five hours with lower fees above $3, how come if using faster you need $5 for fees transaction. Better check with betting site have support with using altcoin as deposit like TRX, DOGE or XRP, by using altcoin you can less payment fees with TRX just take 1 trx each transaction you make. I think with bitcoin is not good way for betting because you have pay more when deposit and withdraw later because have higher fees transaction you need. Maybe you can wait when bitcoin transaction back to normal with lower payment fees and have faster for withdraw or deposit to confirmation.

Unfortunately still there are some casino websites that still do no accept deposits from LTC, TRX, DOGE and such to this day which to be honest that can really be a deal breaker for me personally and I'm pretty sure many other people feel the same way, lower transaction fees specially come in handy when you want to test out a new casino website with just a few dollars to see whether it's worth it to deposit more or not and because of the huge transactions fees of BTC at times you will be unable to do that because the same amount that you want to deposit you should also pay in transaction fees which makes it really frustrating while you could as easily just use many other altcoins that in addition to low transaction fees have almost instant transactions.

peter0425

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Quote from: Oasisman on November 03, 2020, 05:09:02 AM

Well, I'm not really spending almost $10 for the miner fees just to get the transaction confirmed quickly, and If It wouldn't reach the website before the favorite bet begins , then there's not much you can do but to learn from that situation. Always check the mempool and miners fee, send Btc to the gambling website few days ahead of your favorite betting schedule.
Not everyone is willing to spend too much for the miners fee. So, it's better to have plans ahead to save yourself from ridiculous transaction fees.

And our favorite sports or team will still play next time so why bother and stress ourselves when we can Just wait and reserve
our excitement in other games?

Quote from: ronaldo40 on November 03, 2020, 04:11:36 AM

there's nothing i can do about it and since i don't want to spend more money to increase the transaction fee all i can do is just wait and maybe play in demo mode or with the play token.

Nice suggestion,enjoying the site while waiting so we wont be stressed just because the Fee gets to the moon.and sometimes
Demo's are enjoyable when you are killing time.

Oasisman

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Well, I'm not really spending almost $10 for the miner fees just to get the transaction confirmed quickly, and If It wouldn't reach the website before the favorite bet begins , then there's not much you can do but to learn from that situation. Always check the mempool and miners fee, send Btc to the gambling website few days ahead of your favorite betting schedule.
Not everyone is willing to spend too much for the miners fee. So, it's better to have plans ahead to save yourself from ridiculous transaction fees.

carlisle1

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Quote from: ronaldo40 on November 03, 2020, 04:11:36 AM

there's nothing i can do about it and since i don't want to spend more money to increase the transaction fee all i can do is just wait and maybe play in demo mode or with the play token.

Of course there is something you can do than Waiting or playing Demo games.

You can Contact the Support continuously so they we answer and make suggestion on what to do properly.

For me It is always better to have options than waiting because time is gold and In gambling our Luck may gone by the time we spent in waiting and acting nothing.

ronaldo40

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there's nothing i can do about it and since i don't want to spend more money to increase the transaction fee all i can do is just wait and maybe play in demo mode or with the play token.

ethereumhunter

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Quote from: onecall123 on November 02, 2020, 10:19:08 AM

It's very high time dealing with bitcoin when it's soaring up. Some sportsbet and casino site are so ridiculous to charge equivalent of $10 btc for just single withdrawal. What I believe it's not all about miner fees. I can't rely their words fully as fees are dynamic so, they're not able to quote a fixed amount. It's time to move alternative currency until everything settle down or get sensible charges.

Yes, I agree with that. But we can not deny that thing and we should still follow. But if we don't want to pay the high fee for withdrawal, we can convert the winning in bitcoin into an altcoin, so we don't have to pay a high fee. But that will depend on that gambling site because if the gambling site doesn't have an exchange, we can not do anything except accepting the rule if we want to withdraw.

Gotumoot

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I will just wait for it to be confirmed or be back on my wallet,
I wouldn't do anything since the fee for BTC is high right now or I could just send another one but in a different crypto.
I experience something like it before but back then the fee was small so I did sent another one just to gamble on the site and wait for the unconfirmed transaction to be confirmed or be sent back on my wallet.

pungopete468

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The transaction fee right now is really high and what I do is to set it on the lowest fee as possible however until now I still don't have the credits on my account, I have an option to increase its fee but I don't want since it's really expensive in my opinion so what I can do right now is just to wait.

Cling18

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I think pending transactions like this are just normal but I wouldn't spend high fees just for it. I would choose sites with lower fees with faster transactions. If this happens, you better wait until your pending transaction is complete since that's all you can do but if nothing happens, you better contact their team. Just be wise and try to look for legit and reputable gambling sites.

Genemind

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I go for option 1. I've never gone as far as paying high fees or adding more fees to boost the speed. I make sure that I pay reasonable fees when I play in a certain casino since I don't put too much thought when I gamble. If there is a way or an option I can save fees such as using TRX or ETH I opt to use them than paying higher fees with BTC.

kawetsriyanto

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Voted, I will choose option 1 surely. When I have sent my Bitcoin with a high fee, I've no plan to double or increase the fee amount. How if it doesn't work and still no confirms? It just makes the worse thing and I don't want to have a bad mood all day by doing a careless way. That's why I think it is the best option to be calm and wait for the confirms.

ShowOff

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No, no. I will not use bitcoin as long as the price is high enough on the market and also the transaction fee are high. Would be a good option for making transaction at a lower fee would be to choose an altcoin. I think there are a lot of people doing it now for this reason, but I know it's only done by a few gambler. I wouldn't go any further with bitcoin on gambling if it was so expensive.

Casdinyard

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The best thing to do for sure is to wait until you get what you paid for.But if the site is unresponsive, waiting would be a waste of time. There are scam gambling sites on the other hand, reporting perhaps will be nonsense. Also, there are cases of transaction traffic especially if there are many users in that gambling site which will result to inconvenience. So it does depend. If it is a new site in your experience, and it is having bad popularity, then expect there are risks of permanent loss with that transaction. But if you are familiar with that site and have experience with it, the only thing you can do is to wait.

Ayiranorea

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I'll be waiting to receive the sent amount, because anything in hurry has more chances of loss. Everytime I look for spending on a team I prefer live betting than pre-match bets. So I'll be having enough time for the transaction to get confirmed and make use of the same on gambling with ease than getting hurry.

Lanatsa

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Quote from: zidanw on November 02, 2020, 11:22:25 AM

I always turn on my RBF (Replace By Fee) on my wallet for something like this I could even change the transaction fee if was stuck or something or sometimes I double spend it to cancel the transaction. This is a good topic to know what others will do if something like this could happen.

When you do make use of wallets like electrum then you would really have this RBF thing where you can always increase up the fees as you'd like in case that you have
seen that the transaction was stuck for long time due to low fee.

I have chose in the poll where I do just need to wait and chill before confirmation do pops out.Im not really increasing any fee and if got stuck then let it be
yet theres nothing you can do aside from increasing its fee.

Its not really that appealing to see fees that way more that $5 in my part.

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