Stake charging $3.09 on a $1.69 withdraw - page 2.

Desmong

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Quote from: joeperry on April 02, 2022, 07:09:42 AM

I don't think they are referring to transaction fee but processing fee which I think includes the processing and the TX fee of the transaction but for me that's not really a big deal but it might be a problem for players with smaller bankrolls. @Kakmakr was the fee for other coin is much lower? If that is the case then I think sticking with other coin is much suitable for cheaper processing fee.

Since op knows that he had a small bank roll, he should have use other coin apart from Bitcoin. Sometimes Bitcoin do have high fee especially when the market is gaining momentum. Each gambling site do have their own fee attached to withdraw while some don't have.
@Kakmakr can decides to use another gambling platform that requires no fee or rather still, can withdraw using other coins like Tron that has low fee.

khaled0111

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Quote from: Kakmakr on April 02, 2022, 04:46:37 AM

I will much rather deposit a coin with much lower withdrawal fees (like TRX) and then when I win, withdraw in TRX.

Stake is charging a Premium fee on Bitcoin (BTC) withdrawals because the miners fees can be very high some times. I think it is wise to charge a little higher fees on Blockchains with a higher miner fee, so that you can collect a bigger fund when you deal with transactions with high inputs.

Yes, using a different cryptocurrency which has lieer transaction fees is the best thing to do, whenever possible. The only drawback is that this is not always an option either because the customer doesn't have any coins in his wallet other than bitcoin or because the casino does not have an internal exchange so you can withdraw only in the same cryptocurrency you used to deposit.

Bitinity

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Quote from: joeperry on April 02, 2022, 07:09:42 AM

was the fee for other coin is much lower? If that is the case then I think sticking with other coin is much suitable for cheaper processing fee.

Absolutely, in stake there are some other coins with cheaper withdrawal fee and I guess all casino do the same. For example, withdrawal fee with TRX is $0.08 only, Ltc = $0.06 and some others can be checked in advance once you are login to your stake account and open the withdrawal menu. Anyway the concern from OP has been answered clearly by Stunna and it has been asked few times in the past but seems that users are not aware about how the withdrawal fee works in Stake.

joeperry

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I don't think they are referring to transaction fee but processing fee which I think includes the processing and the TX fee of the transaction but for me that's not really a big deal but it might be a problem for players with smaller bankrolls. @Kakmakr was the fee for other coin is much lower? If that is the case then I think sticking with other coin is much suitable for cheaper processing fee.

Kakmakr

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Did you guys notice that OP was trying to withdraw Bitcoin (BTC)? I withdraw some bitcoin from Stake.com once and I said never again... I will much rather deposit a coin with much lower withdrawal fees (like TRX) and then when I win, withdraw in TRX.

Stake is charging a Premium fee on Bitcoin (BTC) withdrawals because the miners fees can be very high some times. I think it is wise to charge a little higher fees on Blockchains with a higher miner fee, so that you can collect a bigger fund when you deal with transactions with high inputs.

Maslate

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Quote from: wxa7115 on March 08, 2022, 02:02:41 PM

Quote from: noormcs5 on March 04, 2022, 11:16:56 PM

Quote from: Saisher on March 04, 2022, 09:55:21 PM

Quote from: MCVXYZ on March 04, 2022, 01:56:21 PM

here you can see table showing the minimum bitcoin withdrawal amounts, fees and choose a casino which will meet your requirements: https://bitcointalksearch.org/topic/table-withdrawal-fees-and-withdrawal-amounts-on-crypto-casinos-5333602 - but check the last edit date.

He has a wide choice of casinos that offers free transaction fees, this table is good for those whose part of the preference is the withdrawal fees, it's not one of the preferences, I look at reputation and support, but it's indeed a good reference it adds just up the popularity of the casino if they offer free withdrawal fees, but casinos has their own set rules when it comes to withdrawal.

Well, my take on this is a bit different. I don't see low withdrawal fee as a measure to choose and play at a casino. Stake is a good casino to play and even if i have to pay a dollar or two more withdrawal fee, i will be happy to do so. They have so many features which you won't find on other gambling sites like their sports betting is very popular. You would not stop betting there only because they charge you 2 dollars extra withdrawal fee, would you?

While in my case a low fee or even a withdrawal fee of zero is not really an important factor at all when it comes to choosing a casino in which I would like to play, I can understand that for other people which are using a very small amount of money to gamble this can be critical.

However there are threads on this forum which have been shared here before which can give you a guide as that information has been collected already, and allow to those that think this is important for them to select the best casinos based on this criteria.

Fees really vary depending on the coin/token you are using and depending on its price and market congestion. Based on my experience, I find XRP as the best coin to gamble on because its transaction fee is cheap and it would easily go through your wallet. Also, you won't worry about trading it because it has a high liquidity and available in different big exchanges.

wxa7115

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Quote from: noormcs5 on March 04, 2022, 11:16:56 PM

Quote from: Saisher on March 04, 2022, 09:55:21 PM

Quote from: MCVXYZ on March 04, 2022, 01:56:21 PM

here you can see table showing the minimum bitcoin withdrawal amounts, fees and choose a casino which will meet your requirements: https://bitcointalksearch.org/topic/table-withdrawal-fees-and-withdrawal-amounts-on-crypto-casinos-5333602 - but check the last edit date.

He has a wide choice of casinos that offers free transaction fees, this table is good for those whose part of the preference is the withdrawal fees, it's not one of the preferences, I look at reputation and support, but it's indeed a good reference it adds just up the popularity of the casino if they offer free withdrawal fees, but casinos has their own set rules when it comes to withdrawal.

Well, my take on this is a bit different. I don't see low withdrawal fee as a measure to choose and play at a casino. Stake is a good casino to play and even if i have to pay a dollar or two more withdrawal fee, i will be happy to do so. They have so many features which you won't find on other gambling sites like their sports betting is very popular. You would not stop betting there only because they charge you 2 dollars extra withdrawal fee, would you?

While in my case a low fee or even a withdrawal fee of zero is not really an important factor at all when it comes to choosing a casino in which I would like to play, I can understand that for other people which are using a very small amount of money to gamble this can be critical.

However there are threads on this forum which have been shared here before which can give you a guide as that information has been collected already, and allow to those that think this is important for them to select the best casinos based on this criteria.

Quidat

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Quote from: robelneo on March 05, 2022, 06:05:26 PM

Quote from: TimeTeller on March 05, 2022, 05:03:42 PM

When it comes to withdrawal fees, that's where small players are worried of.
The good thing about stake is that you know for sure, your transaction will go thru.
It is their fix amount of withdrawal fee, so if you are a high roller, definitely, this amount doesn't matter to you.
So if you are just a small time player, better look for other casinos which has small withdrawal fees or use the dinabot as suggested to convert to other alts.
Some casinos do charge what is the actual network fee, but most are charging fix fees. It is your choice where to play anyway.

I used to play on Stake.com I noticed that the fee is quite high compared to other casinos but transactions always showed up in a few minutes, I have no problem with withdrawal I just like playing there and there's emotional attachment if you're enjoying the game and not looking for profit if you're withdrawing a lot and you're playing with a small amount you'll notice that but if you want to enjoy and not withdrawing often you will just ignore it.

For small time or small scale gamblers then this kind of amount wouldnt be something that you could just ignore.Yes, its a bit high compared on most casinos but not really that much though.
Only people who do have small balances would really be having these kind of complaints because few bucks wouldnt really hurt that bad but i couldnt blame them though since there are really
people who do really mind on money that they are currently spending.

redsun114

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Quote from: robelneo on March 05, 2022, 06:05:26 PM

I used to play on Stake.com I noticed that the fee is quite high compared to other casinos but transactions always showed up in a few minutes, I have no problem with withdrawal I just like playing there and there's emotional attachment if you're enjoying the game and not looking for profit if you're withdrawing a lot and you're playing with a small amount you'll notice that but if you want to enjoy and not withdrawing often you will just ignore it.

Transactions showing up quickly is due to the high transaction fee that stake charges and also because they offer instant withdrawals. No need for the gamblers to wait few minutes or an hour before they got their money, that is only one of the advantages playing with stake casino.

If your playing for fun, you will tend to deposit smaller amounts because you will gonna use all of it so fees in the withdrawals is not your primary concern but if you want to play for profit, using a small amount can be crucial for winning and it will be hard for you to reach the site's withdrawal threshold. Fix withdrawal fees are better IMO because you know your going to pay the same even the network fees outside are high.

Jody.Drummer

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Quote from: Pmalek on March 04, 2022, 01:55:36 PM

Quote from: Jody.Drummer on March 04, 2022, 01:09:11 PM

Btw, your thread that has been created is very helpful for me personally because I no longer need to explore the rules regarding deposits or withdrawals. Let me mark it for personal use.

My thread serves as a solid reference, but you shouldn't look at it as the absolute truth. I don't check each casino and the amounts that often, so it is possible that it can be outdated. I performed the last complete check of all sites sometimes in January. Other small changes are made thanks to many other users who inform me in case the amounts change for certain casinos.

And I as a gambler really like the work that helps some of us to be more extensive in reviewing the casino with all the rules. What I did was combine your thread with the thread regarding the Information of Crypto Casino License and KYC requirements created by
Mahdirakibm and another work that I found quite helpful for you is the List Of Crypto Casinos with The Best Faucets plus a mix of someone else's review which is quite good namely GamblingBro.com Honest crypto casino reviews Tested with real deposits.

robelneo

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Quote from: TimeTeller on March 05, 2022, 05:03:42 PM

When it comes to withdrawal fees, that's where small players are worried of.
The good thing about stake is that you know for sure, your transaction will go thru.
It is their fix amount of withdrawal fee, so if you are a high roller, definitely, this amount doesn't matter to you.
So if you are just a small time player, better look for other casinos which has small withdrawal fees or use the dinabot as suggested to convert to other alts.
Some casinos do charge what is the actual network fee, but most are charging fix fees. It is your choice where to play anyway.

I used to play on Stake.com I noticed that the fee is quite high compared to other casinos but transactions always showed up in a few minutes, I have no problem with withdrawal I just like playing there and there's emotional attachment if you're enjoying the game and not looking for profit if you're withdrawing a lot and you're playing with a small amount you'll notice that but if you want to enjoy and not withdrawing often you will just ignore it.

TimeTeller

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Quote from: coin-investor on March 05, 2022, 09:27:05 AM

Quote from: noormcs5 on March 04, 2022, 11:16:56 PM

Quote from: Saisher on March 04, 2022, 09:55:21 PM

Quote from: MCVXYZ on March 04, 2022, 01:56:21 PM

here you can see table showing the minimum bitcoin withdrawal amounts, fees and choose a casino which will meet your requirements: https://bitcointalksearch.org/topic/table-withdrawal-fees-and-withdrawal-amounts-on-crypto-casinos-5333602 - but check the last edit date.

He has a wide choice of casinos that offers free transaction fees, this table is good for those whose part of the preference is the withdrawal fees, it's not one of the preferences, I look at reputation and support, but it's indeed a good reference it adds just up the popularity of the casino if they offer free withdrawal fees, but casinos has their own set rules when it comes to withdrawal.

Well, my take on this is a bit different. I don't see low withdrawal fee as a measure to choose and play at a casino. Stake is a good casino to play and even if i have to pay a dollar or two more withdrawal fee, i will be happy to do so. They have so many features which you won't find on other gambling sites like their sports betting is very popular. You would not stop betting there only because they charge you 2 dollars extra withdrawal fee, would you?

If he's a small player and the extra dollar means a lot then he can look elsewhere there is no withdrawal fee, the forum is not lacking good casinos that offer cheap or free transactions, but if you are high rollers $2 to $3 don't mean a lot as long as you will receive your withdrawals or winnings when you want it, no doubt Stake is a good place to play but they are not perfect that can meet every player's expectation.

When it comes to withdrawal fees, that's where small players are worried of.
The good thing about stake is that you know for sure, your transaction will go thru.
It is their fix amount of withdrawal fee, so if you are a high roller, definitely, this amount doesn't matter to you.
So if you are just a small time player, better look for other casinos which has small withdrawal fees or use the dinabot as suggested to convert to other alts.
Some casinos do charge what is the actual network fee, but most are charging fix fees. It is your choice where to play anyway.

Sanitough

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Quote from: nakamura12 on March 05, 2022, 04:08:51 AM

Quote from: Jawhead999 on March 04, 2022, 11:22:59 PM

They do mentioned they will charge additional fees before to withdraw on TOS (as posted above $3), but they didn't give full detail between the fees that be paid to miners and additional fees to proceed the transactions.

Many people already give an answer, even @Stunna has explained the reason why does they charge particular fees... but @OP didn't comeback or even log in to continue about this matter. I think this case can be marked as solved due to no one complaining anymore.

I would second this as this should be marked as solved since the explanation why stake charge additional fee that will show how much the fee would be once an additional fee is needed to withdraw. I wonder what op will think or feel after reading why in op's case that the fee is $3 when in the blockchain the fee is $1. It made me think that op didn't know about some wallet provider where a person can change the fee.

I could assume and think that OP had realized that he is wrong and he moves on. He'll be finding now new exchanges that can give him a cheaper withdrawal fee which he expects in the first place. Honestly, $3 is not acceptable for me as well and the good thing is that we have a lot of options. That I made a suggestion for OP to make a search first about the site like withdrawal fees including the maximum amount so we won't get surprised.

coin-investor

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Quote from: noormcs5 on March 04, 2022, 11:16:56 PM

Quote from: Saisher on March 04, 2022, 09:55:21 PM

Quote from: MCVXYZ on March 04, 2022, 01:56:21 PM

here you can see table showing the minimum bitcoin withdrawal amounts, fees and choose a casino which will meet your requirements: https://bitcointalksearch.org/topic/table-withdrawal-fees-and-withdrawal-amounts-on-crypto-casinos-5333602 - but check the last edit date.

He has a wide choice of casinos that offers free transaction fees, this table is good for those whose part of the preference is the withdrawal fees, it's not one of the preferences, I look at reputation and support, but it's indeed a good reference it adds just up the popularity of the casino if they offer free withdrawal fees, but casinos has their own set rules when it comes to withdrawal.

Well, my take on this is a bit different. I don't see low withdrawal fee as a measure to choose and play at a casino. Stake is a good casino to play and even if i have to pay a dollar or two more withdrawal fee, i will be happy to do so. They have so many features which you won't find on other gambling sites like their sports betting is very popular. You would not stop betting there only because they charge you 2 dollars extra withdrawal fee, would you?

If he's a small player and the extra dollar means a lot then he can look elsewhere there is no withdrawal fee, the forum is not lacking good casinos that offer cheap or free transactions, but if you are high rollers $2 to $3 don't mean a lot as long as you will receive your withdrawals or winnings when you want it, no doubt Stake is a good place to play but they are not perfect that can meet every player's expectation.

nakamura12

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Quote from: Jawhead999 on March 04, 2022, 11:22:59 PM

They do mentioned they will charge additional fees before to withdraw on TOS (as posted above $3), but they didn't give full detail between the fees that be paid to miners and additional fees to proceed the transactions.

Many people already give an answer, even @Stunna has explained the reason why does they charge particular fees... but @OP didn't comeback or even log in to continue about this matter. I think this case can be marked as solved due to no one complaining anymore.

I would second this as this should be marked as solved since the explanation why stake charge additional fee that will show how much the fee would be once an additional fee is needed to withdraw. I wonder what op will think or feel after reading why in op's case that the fee is $3 when in the blockchain the fee is $1. It made me think that op didn't know about some wallet provider where a person can change the fee.

Mahdirakib

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Quote from: Stunna on March 02, 2022, 08:52:33 PM

We charge the average transaction fee

What about Primedice? Charging 0.0002 BTC as withdrawal fee doesn't make sense at this moment. Bitcoin withdrawal fee was 5k satoshi at Primedice and Stake. The fee had been increased to 20k satoshi at both platforms when Bitcoin network was overloaded for a long period of time. Now the Bitcoin network isn't overloaded for almost a year. Stake has reduced the withdrawal fee to 7k satoshi few months ago, but the fee is still 20k satoshi at Primedice. Why the negligence!

Quote from: Stunna on March 02, 2022, 08:52:33 PM

But we would like to offer economy fee options going forward.

Don't forget to bring the changes on Primedice withdrawal fee too.

Jawhead999

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Quote from: acener on March 04, 2022, 12:35:36 PM

If you're so concern about the fee you should have think about it or read their TOS or any information regarding their site before using their service.

They do mentioned they will charge additional fees before to withdraw on TOS (as posted above $3), but they didn't give full detail between the fees that be paid to miners and additional fees to proceed the transactions.

Many people already give an answer, even @Stunna has explained the reason why does they charge particular fees... but @OP didn't comeback or even log in to continue about this matter. I think this case can be marked as solved due to no one complaining anymore.

noormcs5

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Quote from: Saisher on March 04, 2022, 09:55:21 PM

Quote from: MCVXYZ on March 04, 2022, 01:56:21 PM

here you can see table showing the minimum bitcoin withdrawal amounts, fees and choose a casino which will meet your requirements: https://bitcointalksearch.org/topic/table-withdrawal-fees-and-withdrawal-amounts-on-crypto-casinos-5333602 - but check the last edit date.

He has a wide choice of casinos that offers free transaction fees, this table is good for those whose part of the preference is the withdrawal fees, it's not one of the preferences, I look at reputation and support, but it's indeed a good reference it adds just up the popularity of the casino if they offer free withdrawal fees, but casinos has their own set rules when it comes to withdrawal.

Well, my take on this is a bit different. I don't see low withdrawal fee as a measure to choose and play at a casino. Stake is a good casino to play and even if i have to pay a dollar or two more withdrawal fee, i will be happy to do so. They have so many features which you won't find on other gambling sites like their sports betting is very popular. You would not stop betting there only because they charge you 2 dollars extra withdrawal fee, would you?

Saisher

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Quote from: MCVXYZ on March 04, 2022, 01:56:21 PM

here you can see table showing the minimum bitcoin withdrawal amounts, fees and choose a casino which will meet your requirements: https://bitcointalksearch.org/topic/table-withdrawal-fees-and-withdrawal-amounts-on-crypto-casinos-5333602 - but check the last edit date.

He has a wide choice of casinos that offers free transaction fees, this table is good for those whose part of the preference is the withdrawal fees, it's not one of the preferences, I look at reputation and support, but it's indeed a good reference it adds just up the popularity of the casino if they offer free withdrawal fees, but casinos has their own set rules when it comes to withdrawal.

MCVXYZ

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here you can see table showing the minimum bitcoin withdrawal amounts, fees and choose a casino which will meet your requirements: https://bitcointalksearch.org/topic/table-withdrawal-fees-and-withdrawal-amounts-on-crypto-casinos-5333602 - but check the last edit date.

Topic: Stake charging $3.09 on a $1.69 withdraw - page 2. (Read 818 times)