Nitrogen $20 withdrawal fee | Bitcointalksearch.org

Pamadar

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Quote from: Lionidas on March 30, 2018, 02:01:19 PM

They did finally change their policy on the withdrawal fees which were abusive at it's best. And they do explain it was to due to receiving numerous complaints to their support team and then reviewing their policy on withdrawals.
Now if they can just return back to allowing as many withdrawals as we want for free again since miners fees are lower than they have ever been.
As far as I can remember.

If they can do that then it's really a good way to attract more gamblers again to use their sites, I think for sport betting they still got the spot,
just some concerned with withdrawal fees that they already trying to resolved, much better if they can free it up again and shoulder the miner' fee
instead.

Lionidas

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They did finally change their policy on the withdrawal fees which were abusive at it's best. And they do explain it was to due to receiving numerous complaints to their support team and then reviewing their policy on withdrawals.
Now if they can just return back to allowing as many withdrawals as we want for free again since miners fees are lower than they have ever been.
As far as I can remember.

ralle14

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Quote from: Trofo on March 27, 2018, 02:38:45 AM

Quote from: ralle14 on March 26, 2018, 07:33:36 PM

Nitrogen doesn't have any bonus offer except for monthly/weekly free bet parlays. You can easily win/lose a lot in sports betting (depends on your betting style) when i'm winning a lot I always withdraw 80% of the balance and gamble the rest if I win again i'll do the same thing rinse and repeat.

I have only recently started using Nitrogen, Can you please give me some more info about their monthly/weekly free bet parlays?

I have a similar strategy regarding withdrawing the winnings but I think I will just have to place some restrains on myself and lower the amount of withdrawals/deposits on Nitrogen to avoid the fees and increase ROI.

This is quite off topic but here's how. In order to join the free bet parlay you have to make a parlay with an X legged parlay it could be 4 legged or higher depends on what is stated on their blog and you can also check their twitter for more free bet promos.

Quote from: NitrogenSports on March 27, 2018, 04:50:05 AM

Timely new blog post about our withdrawal policy here: https://bitcointalk.org/index.php?topic=355081.6540

Finally you guys decided to update the miner fee, much better now it won't be painful to withdraw small amounts of btc. Thanks for listening to people's suggestion.

Quote from: Minus7point5 on March 27, 2018, 11:28:55 AM

You can all thank me for convincing Nitrogen to change their withdrawal fees Cool

Thanks. They could be getting a lot of complaints about their withdrawal fee and also noticed this thread.

Minus7point5

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You can all thank me for convincing Nitrogen to change their withdrawal fees Cool

NitrogenSports

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Timely new blog post about our withdrawal policy here: https://bitcointalk.org/index.php?topic=355081.6540

Trofo

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Quote from: ralle14 on March 26, 2018, 07:33:36 PM

Nitrogen doesn't have any bonus offer except for monthly/weekly free bet parlays. You can easily win/lose a lot in sports betting (depends on your betting style) when i'm winning a lot I always withdraw 80% of the balance and gamble the rest if I win again i'll do the same thing rinse and repeat.

I have only recently started using Nitrogen, Can you please give me some more info about their monthly/weekly free bet parlays?

I have a similar strategy regarding withdrawing the winnings but I think I will just have to place some restrains on myself and lower the amount of withdrawals/deposits on Nitrogen to avoid the fees and increase ROI.

ralle14

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Quote from: Minus7point5 on March 26, 2018, 06:56:56 PM

Then why I am I still paying .0005 per withdrawal when it only costs a few cents to actually send my BTC?

The fees they charge are indeed annoying it feels like they're doing it on purpose to gain back the amount they lost on giving free withdrawals the past couple of years before they put up this rule. This one reason why I stopped using them I guess they care more about the whales.

Quote from: Casino_Guide on March 25, 2018, 05:02:30 AM

Hey,
I'm curious. What is the reason you do so many withdraws and probably deposits? Do they have a special bonus offer that you can use on a daily bases or do you win that much? To me it sounds like a lot of work to do transactions every day... If you win a lot, why not limit your withdraws to once a week and save time?
I understand if you're pissed at them, but see it as an opportunity to safe some time

Nitrogen doesn't have any bonus offer except for monthly/weekly free bet parlays. You can easily win/lose a lot in sports betting (depends on your betting style) when i'm winning a lot I always withdraw 80% of the balance and gamble the rest if I win again i'll do the same thing rinse and repeat.

Minus7point5

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Quote from: bratko99 on March 24, 2018, 05:49:30 AM

As I can see it should be a dollar or so...
Not just Nitrogen, almost all are still charging too much for withdrawals.

It would be ok if they actually payed that for a fee, but they aren't.

Ding Ding Ding! We have a winner!
Nitrogen making a lot of extra cash with their non-fluctuating withdrawal fees, even though their own blog states otherwise. Angry

https://blog.nitrogensports.eu/bitcoin/new-rules-bitcoin-network-fees/

** Players will have 1 free withdrawal every 2 weeks (given 0.005 BTC deposit histories). **

** After the ‘1 free withdrawal’, players will pay transaction fees closer to direct market value. No flat fee. The fee will move up and down with the network. **

Then why I am I still paying .0005 per withdrawal when it only costs a few cents to actually send my BTC?

Minus7point5

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Quote from: Lionidas on March 24, 2018, 06:54:10 PM

I am a little surprised they have not lifted their limit on how many withdrawals you are allowed until they start charging you to be able to take out your own funds.
That is just absurd.
If their major competitor Sportsbet.io can manage to let their own players to withdraw as many times as they want without charging them, then I would imagine that Nitrogensports could do the same. Embarrassed

This is good to know that competitors like Sporstbet.io allow free withdrawals.
There must be other options if we want any leverage against these casinos.

Casino_Guide

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Quote from: Minus7point5 on December 17, 2017, 04:11:02 PM

What about customers who have been making daily withdrawals for the past 2 years? They are going to turn away loyal customers over $20.
It's just not practical and since most of your remaining post was rambling, bottom line is I can not be the only one shocked by this new policy.

Hey,
I'm curious. What is the reason you do so many withdraws and probably deposits? Do they have a special bonus offer that you can use on a daily bases or do you win that much? To me it sounds like a lot of work to do transactions every day... If you win a lot, why not limit your withdraws to once a week and save time?
I understand if you're pissed at them, but see it as an opportunity to safe some time

Lionidas

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I am a little surprised they have not lifted their limit on how many withdrawals you are allowed until they start charging you to be able to take out your own funds.
That is just absurd.
If their major competitor Sportsbet.io can manage to let their own players to withdraw as many times as they want without charging them, then I would imagine that Nitrogensports could do the same. Embarrassed

Trofo

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Quote from: Theb on March 24, 2018, 06:13:42 AM

Quote from: Minus7point5 on March 24, 2018, 05:36:14 AM

Nitrogen still charging .0005 BTC (~$4.50) on what should only be a few cents.
When Nitrogen introduced fees on withdrawals, they said it would be increased/decreased as per network, but it has never been decreased even when tx fees are 10 times lower now.
Why aren't more people stepping up to call them out?

My guesses are NitrogenSports really wants your to limit your withdrawals to one time per week which they offer for free. They are forcing people to only have one withdrawal for the purpose of lessening their work. It's a good thing for them as they won't be handling multiple withdrawals from the same account. Their manpower can be one of the problems here as if they allow you to have cheap multiple withdrawals then they might not be able to process them all just like what other gambling sites are currently experiencing.

Then you have to consider that most of the people will be quicker to bet with funds already on the site. Therefore, higher fees also mean more bets and effectively even bigger cut for the house.

Theb

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Quote from: Minus7point5 on March 24, 2018, 05:36:14 AM

Nitrogen still charging .0005 BTC (~$4.50) on what should only be a few cents.
When Nitrogen introduced fees on withdrawals, they said it would be increased/decreased as per network, but it has never been decreased even when tx fees are 10 times lower now.
Why aren't more people stepping up to call them out?

My guesses are NitrogenSports really wants your to limit your withdrawals to one time per week which they offer for free. They are forcing people to only have one withdrawal for the purpose of lessening their work. It's a good thing for them as they won't be handling multiple withdrawals from the same account. Their manpower can be one of the problems here as if they allow you to have cheap multiple withdrawals then they might not be able to process them all just like what other gambling sites are currently experiencing.

bratko99

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As I can see it should be a dollar or so...
Not just Nitrogen, almost all are still charging too much for withdrawals.

It would be ok if they actually payed that for a fee, but they aren't.

Minus7point5

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Nitrogen still charging .0005 BTC (~$4.50) on what should only be a few cents.
When Nitrogen introduced fees on withdrawals, they said it would be increased/decreased as per network, but it has never been decreased even when tx fees are 10 times lower now.
Why aren't more people stepping up to call them out?

milewilda

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Quote from: STT on January 16, 2018, 01:52:00 AM

Quote from: Wind_FURY on January 10, 2018, 12:39:33 AM

Next time pay attention to the real issues. #Segwit #Lightning.

Iam aware of those possibilities but development includes largely a working implementation and that is not out there yet. As soon as the average person can be using Segwit or Lightning then I agree its become a reality but at the moment people are stuck waiting for their free once per week withdrawal. Thats too bad I guess but at least they this site gives that base option to people, to their credit.

It would really just takes time to have this kind of transition which i dont still bother than it would really be implemented on gambling industry.If it does then it would really be beneficial on both gamblers-house itself.Fees have been lowered now seeing on the current price of bitcoin its not actually $20 anymore but checking on this https://blockchain.info/unconfirmed-transactions almost 165k expect delays.

Bolt Brownie

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Quote from: iv4n on January 17, 2018, 06:36:19 AM

Nitrogen is doing what others do to, at least nitrogen allows one free withdraw in 2 weeks, that is good tactic for them. Look at the betcoin, their withdraw fee for money from signature campaign is very high too, participants are complaining. Only one good thing there is they can withdraw using some alt and that's how transactions can be cheaper. I don't blame nitrogen, one of the best places for paying poker this days, I would like they to consider adding some other alts, I would gladly use it, high fees are killing many bitcoin businesses, that is not good.

I agree with you, we can't really blame merchants for the high fees. Bitcoin fees are high, so it's impossible for them to keep them low. They can remove a portion of their profit to cover the fees, and I'm sure they already do that, but they can't solve everything. There are a few things they can do however. One is accepting other alts that have less fees, like litecoin or dash for example. I remember directbet for example even accepted doge in their site. The other thing they could do, would be to start using segwit. I know this would require a lot of coding from their part, and most of these sites don't really have a good dev team that could do this, but they should have enough money to hire some dev and make this change on their platform though.

iv4n

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Quote from: Minus7point5 on December 17, 2017, 03:43:20 PM

Ouch. Tough to see such a reputable sportsbook going this route. Embarrassed

Talk about riding this BTC wave of profit, and then sticking it to your loyal customers Shocked

I wonder how much this will tarnish their "A" rating?

Time to seriously reevaluate my betting options cause my system won't work with this new policy.

Come on Nitrogen- wake up and realize this is bad for business! Angry

Nitrogen is doing what others do to, at least nitrogen allows one free withdraw in 2 weeks, that is good tactic for them. Look at the betcoin, their withdraw fee for money from signature campaign is very high too, participants are complaining. Only one good thing there is they can withdraw using some alt and that's how transactions can be cheaper. I don't blame nitrogen, one of the best places for paying poker this days, I would like they to consider adding some other alts, I would gladly use it, high fees are killing many bitcoin businesses, that is not good.

STT

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Quote from: Wind_FURY on January 10, 2018, 12:39:33 AM

Next time pay attention to the real issues. #Segwit #Lightning.

Iam aware of those possibilities but development includes largely a working implementation and that is not out there yet. As soon as the average person can be using Segwit or Lightning then I agree its become a reality but at the moment people are stuck waiting for their free once per week withdrawal. Thats too bad I guess but at least they this site gives that base option to people, to their credit.

DoreenGresham

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感觉退出费用都好高

Topic: Nitrogen $20 withdrawal fee (Read 907 times)