Survey on fees in order to play on gambling games, please check this out! :)

Lanatsa

hero member

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Quote from: 2double0 on March 07, 2021, 10:26:01 AM

Quote from: Findingnemo on March 07, 2021, 05:16:48 AM

I know FJ offers one free withdrawal every week for their user and it may take few mins to hours to proceed your transaction no matter it is free or paid. And look at the most of the gambling sites they never mention instant withdrawals, they mention it ad high priority which means your transaction may be procceed faster but not immediately at that time when you wanted to withdraw.

FJ is not alone that allows one free withdrawal per week, NitrogenSports does that too. But I was talking about Sportsbet where I do not get charged anything whenever I withdraw my funds. Instant withdrawals are not allowed any more on those websites because the price of btc and eth is too high and even if they charge big, they cannot afford to send prioritized transactions and batch it up to earn big on those fees.

They can really utilize this network issues or bloatup for them to make even more money with those fees this is why it would really be done in batch.

Based up on experience with FJ, it does have instant withdrawals but giving out an option neither those transaction would be in low or high priority.

Gambling sites are almost having instant withdrawals nowadays.Only a few do goes having normal processing.

2double0

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Quote from: Findingnemo on March 07, 2021, 05:16:48 AM

I know FJ offers one free withdrawal every week for their user and it may take few mins to hours to proceed your transaction no matter it is free or paid. And look at the most of the gambling sites they never mention instant withdrawals, they mention it ad high priority which means your transaction may be procceed faster but not immediately at that time when you wanted to withdraw.

FJ is not alone that allows one free withdrawal per week, NitrogenSports does that too. But I was talking about Sportsbet where I do not get charged anything whenever I withdraw my funds. Instant withdrawals are not allowed any more on those websites because the price of btc and eth is too high and even if they charge big, they cannot afford to send prioritized transactions and batch it up to earn big on those fees.

Beparanf

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Done filling up the form. I'm interested to know too what will be the other solution to address this issue besides using coin with low transaction fee such as Tron and LTC.

My suggestion on OP survey is to have a built in exchange that caters a coin with low transaction fee. For example if a player use Bitcoin. He can send directly his BTC to the casino so that he will save some withdrawal fee if he convert his token rather than converting BTC to exchange then transfer to Casino.

They can use Tron USDT as convertible token on there exchange since the conversion is internal. There will be no convertion fee applied on the transaction.

Cling18

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Activity: 1708

Merit: 126

Quote from: logfiles on February 27, 2021, 06:54:21 PM

Filled out the survey.

Fees have a very huge impact on one's gambling strategy especially if they don't have a lot in their account. I think for now POS blockchains like EOS, TRON are suitable for gambling with a few POW blockchains like Doge that still require less fess.

I also like platforms that offer different fee rate withdrawal options and not just flat fee rates that are the same from January to December despite price changes in the market

The network fee is one of the burdens of gamblers and traders. I hope that they could add more options like Tron. Being charged with a high network fee is really a struggle for most of us and having other options would help us save a bit. I hope that things like this would be possible in the future.

ufaiz50

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Activity: 1666

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Everything also depends on the type of payment you want to make. If you pay with Bitcoins, a fee is inevitable. With fiat you sometimes pay no fee at all. If a bookmaker is big, I think they will pay for those fees themselves and not pass them on to the customers.

Findingnemo

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Bitcoin = Financial freedom

Quote from: 2double0 on March 06, 2021, 02:57:26 PM

Quote from: Findingnemo on March 02, 2021, 12:56:04 AM

Even though these gambling sites are charging pay for instant withdrawals, most of the sites are still doing ot as batches so they are making profits from it which makes the players to wait longer for the fee they paid for it.

Are you aware of some gambling websites which do not charge you fees at all? The only difference between them and other gambling sites is, their minimum withdrawal is higher compared to others. Except this, there is nothing different and you can enjoy almost all games that you find on other websites. If network fees are a reason for concern to gamblers, they must switch to other altcoins that are believed to perform good during this bull run because if the price shifts down, your profits will suffer.

I know FJ offers one free withdrawal every week for their user and it may take few mins to hours to proceed your transaction no matter it is free or paid. And look at the most of the gambling sites they never mention instant withdrawals, they mention it ad high priority which means your transaction may be procceed faster but not immediately at that time when you wanted to withdraw.

dre1982

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★Bitvest.io★ Play Plinko or Invest!

Just filled in the survey. What are you gonna do with this answers. Do you have a gambling site or will you share the information here just for informing the gambling sites?

2double0

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Quote from: Findingnemo on March 02, 2021, 12:56:04 AM

Even though these gambling sites are charging pay for instant withdrawals, most of the sites are still doing ot as batches so they are making profits from it which makes the players to wait longer for the fee they paid for it.

Are you aware of some gambling websites which do not charge you fees at all? The only difference between them and other gambling sites is, their minimum withdrawal is higher compared to others. Except this, there is nothing different and you can enjoy almost all games that you find on other websites. If network fees are a reason for concern to gamblers, they must switch to other altcoins that are believed to perform good during this bull run because if the price shifts down, your profits will suffer.

ReiMomo

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Activity: 2366

Merit: 305

Duelbits - $100k Bonus/week

Quote from: semobo on March 04, 2021, 03:13:57 AM

Quote from: plr on March 03, 2021, 11:06:47 PM

Answered the survey and recommend other coins with a minimal fee and fast confirmation, I recommend Tron Litecoin, BNB and Dogecoin, I have these coins/tokens on other gambling sites I'm playing like Stake and Betfury, but if you checked the site's stat many gamblers still prefer Bitcoin, even if the fees are high and take time to confirm.

Because some gambling sites only accepts bitcoin and people who are betting gor thousands doesn't really care about paying 2 or 3 dollar as fee, if they want to deposit other coins while they are only having Bitcoin they need to go to exchange and convert the btc into other coins which is also time consuming that is why many people don't really want to do that.

For a better option, it would be better if there are at least 5-6 cryptocurrencies that must be accepted, I guess the top 10 altcoins are considered as good.
However, mainly accepting bitcoin on a gambling website is a good step and it will contribute a lot to the market price since bitcoin is very volatile.

I did visit the site but I'm not yet fill-up the form. We know that the bitcoin fee is very high at this moment there is nothing to ask that way, different gamblers have different prefer upon using digital currency to deposit and most are don't care how much the fee of bitcoin as long as they can gamble right away. I guess, the best answer is, the more cryptocurrencies as a deposit option, the more people have an option which they prefer.

wxa7115

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Activity: 2814

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Bitcoin is GOD

Quote from: Mahanton on March 01, 2021, 05:59:24 PM

Quote from: wxa7115 on March 01, 2021, 05:45:21 PM

The truth is that bitcoin was still usable months ago but the excitement over the bull market has made impossible to use legacy addresses anymore and if you happen to have a lot of inputs the price you need to get a confirmation is too high, so even if you were to consolidate those inputs and use segwit addresses the fees will still be too high.

What we need is then to use an altcoin that is relatively cheap and that has fast confirmations and without a doubt the best option for that at the moment is dogecoin.

When we do try to look on current gambling sites they are mostly having DOGE which means this wont really be a big problem after all.Bitcoin network could either be
congested or in the normal state anytime and few hours ago where fees was just only less than a dollar but now the market tends to have some nice rise in price
which did really affect once again when it comes to fee amount it raises back again in 125 sats/byte or almost $10 bucks again which do sucks.
When you do tend to make withdrawal then its better to wait up.

It seems that we are going to have to adjust to this new reality in many ways, one is obviously to use altcoins in order to reduce our transactions costs when we send our money to the casino.

But for those that hate them then it seems the only alternative will be instead of making small deposits whenever they feel the urge to gamble it seems it is a better option to wait for the fees to do down a little bit and then make a large deposit and use that to gamble for several weeks, but obviously this tactic can only be used in casinos in which you have gambled before and you trust.

semobo

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Activity: 1498

Merit: 146

Quote from: plr on March 03, 2021, 11:06:47 PM

Answered the survey and recommend other coins with a minimal fee and fast confirmation, I recommend Tron Litecoin, BNB and Dogecoin, I have these coins/tokens on other gambling sites I'm playing like Stake and Betfury, but if you checked the site's stat many gamblers still prefer Bitcoin, even if the fees are high and take time to confirm.

Because some gambling sites only accepts bitcoin and people who are betting gor thousands doesn't really care about paying 2 or 3 dollar as fee, if they want to deposit other coins while they are only having Bitcoin they need to go to exchange and convert the btc into other coins which is also time consuming that is why many people don't really want to do that.

plr

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Activity: 1162

Merit: 24

Answered the survey and recommend other coins with a minimal fee and fast confirmation, I recommend Tron Litecoin, BNB and Dogecoin, I have these coins/tokens on other gambling sites I'm playing like Stake and Betfury, but if you checked the site's stat many gamblers still prefer Bitcoin, even if the fees are high and take time to confirm.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

I suppose I've been using Bitcoin for so long I forget what a pain it can be for others during mempool congestion, especially those not used to using. Gambling for me means a single large deposit, with a consideration that the entire deposit is my gambling budget, and that it will most likely be lost in play. I won't redeposit so soon, not until I rebudget (or continue to win and play elsewhere). So it's not exactly a solution, but perhaps consider budgeting and depositing less frequently, choosing low mempool periods to do so?

I mean, I've hardly paid anything for all my years of depositing, 1 sat/byte is really my standard fee setting...

Until such a time layer 2 deposits become more common, anyway.

Reatim

sr. member

Activity: 2828

Merit: 357

Eloncoin.org - Mars, here we come!

Quote from: DoublerHunter on February 28, 2021, 06:57:26 AM

Quote from: JohnBitCo on February 27, 2021, 09:50:19 PM

Although you have designed a good form but i have not fill the form yet. More importantly, what will be the outcome of this data ? Will you compile this data and share with the gambling sites ?

^ The same here, I visited the form but I did not answer the survey. What is the benefit of the site or a gambling site to this survey or what is the purpose, it is for good or probably for bad/fraud, I hope that is not. Nevertheless, it is basic information to know about the transaction fees. Even Fortunejack that has a free withdrawal fee can still manage if they wanted to lower the fees or for free. Nevertheless, there are altcoins that has a lower fee than BTC, I suggest TRON since TRON network has lower fees than other blockchain networks.

I have asked that above but got no answer from OP Grin

Maybe He doesn't want to reveal His intention about this survey and His plans is underneath everything .
But OK i will answer the survey now since the Site is safe and i see no problem .
Hope we can help in whatever OP is planning here and the result will solve some issues in gambling sites nowadays specially the Transaction fees.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Quote from: 2double0 on February 28, 2021, 05:19:05 PM

I don't want many options but if TRX alone is allowed on a gambling website, I will be happy to play there because it has very less fees comparably against any other coins. If I were to allow a solution to this, I may exactly go for the batch withdrawal system by Findingnemo and let the users wait a bit instead of giving them instant withdrawals to let them stop paying high on my site for their withdrawals.

Even though these gambling sites are charging pay for instant withdrawals, most of the sites are still doing ot as batches so they are making profits from it which makes the players to wait longer for the fee they paid for it.

Mahanton

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Activity: 2730

Merit: 632

Quote from: wxa7115 on March 01, 2021, 05:45:21 PM

Quote from: Mahanton on February 27, 2021, 06:31:33 PM

Filled out the survey.
Notable mentions that you haven't included on that form. This doesn't only limit out to Tron and Ltc and also you should include DOGE too.
When it comes to Bitcoin fees are high then theres no viable option but to switch up to alts. Its up to someone if he would continue to
make use of BTC aspite of the current high fees.
Always set to dynamic fees and making some option for gamblers neither they do like on slow or fast confirmation withdrawals.

The truth is that bitcoin was still usable months ago but the excitement over the bull market has made impossible to use legacy addresses anymore and if you happen to have a lot of inputs the price you need to get a confirmation is too high, so even if you were to consolidate those inputs and use segwit addresses the fees will still be too high.

What we need is then to use an altcoin that is relatively cheap and that has fast confirmations and without a doubt the best option for that at the moment is dogecoin.

When we do try to look on current gambling sites they are mostly having DOGE which means this wont really be a big problem after all.Bitcoin network could either be
congested or in the normal state anytime and few hours ago where fees was just only less than a dollar but now the market tends to have some nice rise in price
which did really affect once again when it comes to fee amount it raises back again in 125 sats/byte or almost $10 bucks again which do sucks.
When you do tend to make withdrawal then its better to wait up.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: Mahanton on February 27, 2021, 06:31:33 PM

Filled out the survey.
Notable mentions that you haven't included on that form. This doesn't only limit out to Tron and Ltc and also you should include DOGE too.
When it comes to Bitcoin fees are high then theres no viable option but to switch up to alts. Its up to someone if he would continue to
make use of BTC aspite of the current high fees.
Always set to dynamic fees and making some option for gamblers neither they do like on slow or fast confirmation withdrawals.

The truth is that bitcoin was still usable months ago but the excitement over the bull market has made impossible to use legacy addresses anymore and if you happen to have a lot of inputs the price you need to get a confirmation is too high, so even if you were to consolidate those inputs and use segwit addresses the fees will still be too high.

What we need is then to use an altcoin that is relatively cheap and that has fast confirmations and without a doubt the best option for that at the moment is dogecoin.

peter0425

sr. member

Activity: 2618

Merit: 439

Done answering the survey , Hope this will Help improving the system in Fees for our gambling activities , because we as small gambler/ low rollers needs to at least lessen each fee if we cannot take it for free.
because this will hurt us all when the funds that supposedly budget for gambling comes lesser because of the fee.

Karartma1

legendary

Activity: 2310

Merit: 1422

Quote from: Pali on February 27, 2021, 05:25:22 PM

Hello everyone,

As you know the rising network fees for bitcoin and ethereum have put a big strain on its very usability. Crypto was supposed to be better then the fiat systems of old. However with this growing issue the very idea on which bitcoin was founded is getting under stress. Solutions will eventually be created no doubt but in the meantime please take a moment of your time to answer any of these questions you want to answer. Fully anonymous.

https://forms.gle/GXa3KLi8o3uxu92w6

Please reply here if you have filled it out so others can see this topic! Wink

It depends on your time preference: I'mm sorry to say that if your are here to expect that bitcoin was better than the fiat system to allow you to gamble away your money in the fastest way possible, I think you're dead wrong.
Bitcoin was born for a reason which is not the one you may have in mind.
By the way, the association between anonymous survey and google is quite hilarious.

shoreno

full member

Activity: 1750

Merit: 118

bitcoin and etherium is not the only coin in the crypto universe so even if both of these coin requires a special a high fee that reason does not stop crypto gamblers for playing on thier favorite crypto platform and what i said just now is a solution that crypto devs and gamblers devs created just to cut the inconvience made by a the high surge in btc and eth fees . also there are called lightning network that said to aid the slowness of the network and to cut the expensive fees too . why not add a kind of raffle with some prizes or some twist to attract the users to fill your survey because not all are going to do it i believe . just a suggest only

Topic: Survey on fees in order to play on gambling games, please check this out! :) (Read 524 times)