Nitrogen $20 withdrawal fee - page 2.

Caladonian

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Quote from: Lionidas on January 15, 2018, 09:35:57 PM

Quote from: Minus7point5 on January 15, 2018, 07:46:59 PM

Guys yes the fee is not $20 anymore, but I've got BTC stuck at Nitrogen that I have to wait another 5 days before I can withdrawal for free. It's just not the same as it used to be.

What do you exactly mean? It wasn't $20 fee but attributed to the miners fee inwhich they apply to your transaction so to have it sent over the blockchain so it can get confirmed at a reverently acceptable time for you to receive it.
It was at set to 0.001btc which was around $20 but now with the number of unconfirmed transactions and the price of bitcoin coming down.
I would imagine it will be around $13 now but still at 0.001btc per withdrawal after you use up your weekly one they give to you for free.

Well that's exactly what is happening they still charging withdrawal after consuming the free one in a week, the delayed might be cause by the miners
and not nitro they send the request and its always depend how the miner will take it, bitcoin value still at low and if converting it to usdt then we will
see that it's no longer 20$ just like what the previous replied mention. Nitro still a good site for sports betting for my owned opinion as I still played
sometimes when my fav team have some good matches.

Lionidas

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Quote from: Minus7point5 on January 15, 2018, 07:46:59 PM

Guys yes the fee is not $20 anymore, but I've got BTC stuck at Nitrogen that I have to wait another 5 days before I can withdrawal for free. It's just not the same as it used to be.

What do you exactly mean? It wasn't $20 fee but attributed to the miners fee inwhich they apply to your transaction so to have it sent over the blockchain so it can get confirmed at a reverently acceptable time for you to receive it.
It was at set to 0.001btc which was around $20 but now with the number of unconfirmed transactions and the price of bitcoin coming down.
I would imagine it will be around $13 now but still at 0.001btc per withdrawal after you use up your weekly one they give to you for free.

Minus7point5

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Guys yes the fee is not $20 anymore, but I've got BTC stuck at Nitrogen that I have to wait another 5 days before I can withdrawal for free. It's just not the same as it used to be.

xYakult

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Quote from: hacekd on January 10, 2018, 12:53:58 AM

very difficult for gamblers who have minimal gambling funds in this sports book. 20 $ is not a small amount, what they really want. I am sure they will go bankrupt in the near future if continue to implement such a system 😨😨😨

ergh. that $20 withdrawal fee is an option, if small gamblers don't want to pay $20 for their withdrawal, they can just use the free withdrawal once per week. atleast nitrogen gave their customers an option, free or paid one

hacekd

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very difficult for gamblers who have minimal gambling funds in this sports book. 20 $ is not a small amount, what they really want. I am sure they will go bankrupt in the near future if continue to implement such a system 😨😨😨

Wind_FURY

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Quote from: STT on January 01, 2018, 03:10:13 PM

Quote from: Lionidas on December 17, 2017, 03:49:55 PM

They do offer one free withdrawal per week so it is not really sticking it to their loyal customers.

They did start offering to have bets lower than the 0.001btc minimum a while back if that helps any. Undecided

That does sound fair, every good company takes care of their smallest customers because this represents the highest growth rate in any economy even gambling. Bitcoin itself is failing to understand that the network needs the smaller transactions to stay healthy, it cant all be about whales speculating and some of us just want to move value around the internet without hassle.

That is why we as users need to campaign for Segwit and we need our voices to be heard. The solution is already there. All you need to do is start using a Segwit enabled wallet and ask for your favorite merchants and services to do it also.

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All of this fee stuff is negative press and puts people off the idea of using crypto, I do hope someone develops a stable reliable scalable solution as the benefits are reciprocal.

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

STT

legendary

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Quote from: Lionidas on December 17, 2017, 03:49:55 PM

They do offer one free withdrawal per week so it is not really sticking it to their loyal customers.

They did start offering to have bets lower than the 0.001btc minimum a while back if that helps any. Undecided

That does sound fair, every good company takes care of their smallest customers because this represents the highest growth rate in any economy even gambling. Bitcoin itself is failing to understand that the network needs the smaller transactions to stay healthy, it cant all be about whales speculating and some of us just want to move value around the internet without hassle.

All of this fee stuff is negative press and puts people off the idea of using crypto, I do hope someone develops a stable reliable scalable solution as the benefits are reciprocal.

Minus7point5

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Imagine if Nitrogen decided to support BCH, and we all received our BCH?
That would be a major milestone for all of us, but sadly I don't see it happening Embarrassed

adaseb

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Quote from: Minus7point5 on December 31, 2017, 02:49:27 PM

Nitrogen withdrawal fees are going to be a major killer to the gambling industry. The major selling point for using this sportsbook is no more.

Nothing will happen to the gambling industry as a result of this.

The only sites I see suffering are the ones which are totally anonymous and have all their bets done on the block chain. Basically the ones where you send an amount to a BTC address and your bet is based on the hash of a mined like, like that oddevenbets.com

Those sites unless they switch to a different alt like LTC or Bitcoin Cash they will suffer. Because nobody will pay $25 per bet and have to wait a few hours for the bet to get activated.

Most people just leave their BTC on the bitcoin sites hot wallet and just play like that.

They can also just use different sites which feature different alt coins like XMR or LTC.

BitcoinMarshal

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Quote from: Minus7point5 on December 31, 2017, 02:49:27 PM

Nitrogen withdrawal fees are going to be a major killer to the gambling industry. The major selling point for using this sportsbook is no more.

Nothing going to happen because now miner fees is very high and all gambling sites taking fees for withdrawal its no new here on this site many exchanges taking more high fees and peoples still doing business with them so they will be also on Wink

Minus7point5

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Nitrogen withdrawal fees are going to be a major killer to the gambling industry. The major selling point for using this sportsbook is no more.

Wind_FURY

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Quote from: SamsungBitcoin on December 24, 2017, 06:25:12 AM

The new rules of withdrawal fee is ok for me , we do not blame their site because they only do this to compensate their processing our withdrawal in the blockchain. Also i think gamblers are not withdraw their money in daily or every other day because most of the time we used our money as capital in gambling. Like me i do withdrawal once a week or every other weeks.

You should not be taking this sitting down. The Bitcoin network already has the technology to make the fees lower. Segwit makes transactions faster and cheaper because they are smaller. Plus Segwit also makes the network future ready for 2nd layer applications like the Lightning Network.

Do not be lazy. Everyone should start creating a Segwit enabled wallet now. Use Green Address instead of Blockchain.info, use Samourai wallet for mobile and do these steps to make an Electrum Segwit wallet with the more accepted "3 addresses".

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Generate a BIP39, 12 words seed on https://iancoleman.io/bip39/, you can also use it offline for more security.

On electrum choose, create new wallet, I already have a seed, then on "options" choose BIP39, paste the seed then click next.

On derivation path path use: m/49'/0'/0'/0

Mike Mayor

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I still wonder how people Gamble unless they whales. It's $20 to deposit for fees and the same to withdraw s you behind $40 already. You have to make $40 profit just to break even. That just increases your chances of going bust and not enjoying yourself. I think it's why many casinos are be offering altcoins as a play option.

ralle14

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Shuffle.com

Nitrogen updated their withdrawal rules yesterday. The free withdrawals are now every 2 weeks and the fee is not fixed anymore. It's now based on what is the recommended fee at the moment. If I want to withdraw out from nitrogensports they'll charge me 0.002 for the fee almost $30.

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

Hell-raiser

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Quote from: Slark on December 17, 2017, 04:23:26 PM

Blame bitcoin network and insane high fee rates we currently have. This is our new reality - do you honestly think that any company will pay fees for you?

What about allowing users to withdraw via other payment methods and transaction vehicles? Litecoin seems to have pretty cheap transactions nowadays in comparison to other coins, and it may make sense after all to convert bitcoins to litecoins first and then go back to bitcoins if needed. Apart from that, some dice casinos don't allow to withdraw immediately on user's request but bundle many requests into one single transaction, thereby lowering their overall transaction costs.

BitcoinSupremo

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20 USD is a really high fee for a withdrawal. I don't know how many other casinos are doing this but many that I know, like Bitcoinrush have put a minimum withdraw of 0.01 Btc and they pay the withdrawal fees, other casinos have lower fees like 0.0002 BTC when withdrawing less than 0.01 Btc and Nitrogen is the first one to put a fixed fee for the withdrawals. I hope this does not impact badly on their userbase.

Netnox

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Quote from: Samarkand on December 20, 2017, 12:09:53 PM

Quote from: XarXymtroa on December 20, 2017, 09:22:51 AM

Quote from: applelover on December 20, 2017, 09:16:38 AM

Is nitrogensports holding bitcoincash still, or did they spend it for themselves? Each bitcoin cash coin is now worth $3500 each. They are having a big party with their users coins.

They made off like bandits. This is a shady casino as far as I'm concerned.

You can verify for yourself that they haven´t sold the BCH so far.

Therefore it is still possible that they are going to do the right thing and distribute
the Bitcoin Cash balances to all users, who had a BTC balance at Nitrogensports
at the snapshot date.

Coinbase tried to do the same (they refused to credit their users with BCH initially). But they were forced to reconsider that decision, after multiple lawsuits were filed against them in Miami. I am not sure whether Nitrogen is based, but if the American users complain against them, then they will be facing lawsuits in the American courts.

SamsungBitcoin

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The new rules of withdrawal fee is ok for me , we do not blame their site because they only do this to compensate their processing our withdrawal in the blockchain. Also i think gamblers are not withdraw their money in daily or every other day because most of the time we used our money as capital in gambling. Like me i do withdrawal once a week or every other weeks.

aso118

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★Nitrogensports.eu★

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

Don't blame them. Blame the network congestion and failure to scale of Bitcoin, which has resulted in skyrocketing fees. Of course, they could subsidise withdrawal fees from their profits, but that would be bad for the Bitcoin network and result in unnecessary transactions. By passing through this fee to customers, you can expect the customers to plan their withdrawals in a more rational manner.

Zackgeno96

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Quote from: SaShiRaJaVu on December 24, 2017, 02:48:21 AM

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.

The current issue with bitcoin does not have anything to do with the sports book,every gambling site will be facing the same issue with the transaction fees,not only gambling sites but bitcoin exchanges and online wallets,so understand what the real issue is and nitrogen is already giving free withdrawal once every week for users,if you are not urgent wait for a week for free withdrawal.

Well said mate, people should wait for the free withdrawal if they are able to hold on. If they are in hurry then there is no alternative other than paying the withdrawal fee. But nitrogen should consider the fact and should provide some relief to the old customer in order to retain them for longer time.

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