Topic: is it normal for a btc book to have a withdrawal fee - page 2. (Read 805 times)
my answer is that is not normal because i have recently checked cloudbet term of service that minimum withdraw is 0.001 btc and for those who want withdraw their fund 0.001 btc i think they not to willing pay 0.006 btc for the fees and probably they will think twice to use this sportbook however i wonder that where did OP get this info
Usually most BTC books have a withdrawal fee from your withdrawal but 0.006 seems to be insanely high. Usually it would be something around 0.001 and a maximum of 0.002 to cover miner fees for the fastest possible confirmation time.
There is a fixed withdrawal fee of 0.006 at cloudbet. is this normal?
Most of bitcoin sportsbook are don't have withdrawal fee imo, like nitrogensports and sportsbet.io that don't have a fee for withdrawal your coins. It's normal if the gambling site is dice site or casino, but for sportsbook, i'm not okay with it. Btw, are you sure the fixed fee is 0.006 ? It's so damn big dude.
There is a fixed withdrawal fee of 0.006 at cloudbet. is this normal?
Yes that's normal these days and it's a fees that they don't take it's for the miners nothing new in this. Like for eg if you transact your coins, pay someone I mean you need to pay fees and that's been happening for quiet a while now, maybe you didn't notice, or maybe they decided to pass the buck back to you rather than paying it themselves, can't blame them.
Yes it is normal to have a withdrawal fee so that your transaction will be completed these are actually miners fee. Miners are the one who mine your transaction so if you are not willing to pay it then your withdrawal will not be successful.
For sportsbook, most of them doesn't charge us for the transaction fees. And for dice sites, we have to pay it by ourself. Usually there will be an option to us on how much fee we intend to use. The higher we pick the faster our transaction will be confirmed.
Most bitcoin sportsbook that I use doesn't have withdrawal fee (nitro,lootbet,coinbet,sportsbet) so my answer for your question is no. Having a small miner fee on your withdrawal request should be fine and this would help because on sportsbook that doesn't charge you for fees they sometimes use a small fee which makes your bitcoin stuck for hours/days
Yes it is normal to have a withdrawal fee so that your transaction will be completed these are actually miners fee. Miners are the one who mine your transaction so if you are not willing to pay it then your withdrawal will not be successful.
There is a fixed withdrawal fee of 0.006 at cloudbet. is this normal?
It is normal ,every service that you been using has a withdrawal fee but it only different in bitcoins or altcoins because its not fiat but that fee is for miners .Once you agree to use any service which usina bitcoins or altcoins have a fee so prepare for every transaction or assume the less amount you will going to fee before you can withdraw any amount.
There is a fixed withdrawal fee of 0.006 at cloudbet. is this normal?
Most of bitcoin sportsbook are don't have withdrawal fee imo, like nitrogensports and sportsbet.io that don't have a fee for withdrawal your coins. It's normal if the gambling site is dice site or casino, but for sportsbook, i'm not okay with it. Btw, are you sure the fixed fee is 0.006 ? It's so damn big dude.
There is a fixed withdrawal fee of 0.006 at cloudbet. is this normal?
Its on normal range which means it just fine and they would really impose tx fee because if they would decide to have it free then they will surely compromise their profits. This fee also fasten up the transactions and this is just really a common thing on using bitcoin on gambling field. Dont be on doubt that they are milking you. 
There is a fixed withdrawal fee of 0.006 at cloudbet. is this normal?
For a sportsbook - no. It's not normal. They are skimping on the fees.
Yep.
Any Bitcoin service which holds your Bitcoin will usually charge you a fee for withdrawals, since the transaction fees are so high right now. I wouldn't think too much of it, unless they're charging you more than you actually pay in fees. Which is kinda sus if they're running a book.
Any Bitcoin service which holds your Bitcoin will usually charge you a fee for withdrawals, since the transaction fees are so high right now. I wouldn't think too much of it, unless they're charging you more than you actually pay in fees. Which is kinda sus if they're running a book.
yes due to the requirement by miners in order to get the transaction go faster even there are only ~4000 unconfirmed transactions as of this reply is posted, everyone is posting a higher transaction fees. unless the majority is lowering the transaction fee to use bitcoin, the .0006 fee is normal.
Can I choose not to pay it and willing for my withdrawal to be delayed?
But honestly the fee 0.0006 is small amount compare before that transaction fee is almost 0.002 btc before but right now was reduce that i think we can save bitcoin right now and i think this is because of segwit activation..
And the transaction fee is just a normal for any business. .
yes due to the requirement by miners in order to get the transaction go faster even there are only ~4000 unconfirmed transactions as of this reply is posted, everyone is posting a higher transaction fees. unless the majority is lowering the transaction fee to use bitcoin, the .0006 fee is normal.
Can I choose not to pay it and willing for my withdrawal to be delayed?
most of the gambling site has fixed transaction fee which is always required, and if your amount of withdrawal is not enough is even delaying your transaction longer than you would expect AFAIK, for me i had experienced with normal fee, waited 40+ minutes for a confirmation.
Thank U
yes due to the requirement by miners in order to get the transaction go faster even there are only ~4000 unconfirmed transactions as of this reply is posted, everyone is posting a higher transaction fees. unless the majority is lowering the transaction fee to use bitcoin, the .0006 fee is normal.
Can I choose not to pay it and willing for my withdrawal to be delayed?
most of the gambling site has fixed transaction fee which is always required, and if your amount of withdrawal is not enough is even delaying your transaction longer than you would expect AFAIK, for me i had experienced with normal fee, waited 40+ minutes for a confirmation.
yes due to the requirement by miners in order to get the transaction go faster even there are only ~4000 unconfirmed transactions as of this reply is posted, everyone is posting a higher transaction fees. unless the majority is lowering the transaction fee to use bitcoin, the .0006 fee is normal.
Can I choose not to pay it and willing for my withdrawal to be delayed?
yes due to the requirement by miners in order to get the transaction go faster even there are only ~4000 unconfirmed transactions as of this reply is posted, everyone is posting a higher transaction fees. unless the majority is lowering the transaction fee to use bitcoin, the .0006 fee is normal.
There is a fixed withdrawal fee of 0.006 at cloudbet. is this normal?
Jump to: