Topic: [Table] Withdrawal Fees and Withdrawal Amounts on Crypto Casinos - page 21. (Read 12914 times)

Yes, I see that. It's strange

I already sent them an email regarding that matter and gave your thread to them so they can come here and clarify it to us. I hope you do not mind because I think they should go here and explain by themselves if they have an update related to their website. Hopefully, they will send someone to come here. But they can explain it in the email too.

I wanted to slowly start updating the thread with the things that needed changing and immediately ran into problems. The numbers they told you over email don't correspond to the info that is posted on the withdrawal page on their official website.
Here is a screenshot of it. As you can see, that's the same data I already have in the table when you convert the numbers from mBTC to BTC. Not sure what that support agent is talking about.

I guess so because that is what I got in their email. If their withdrawal fee becomes 10k satoshi, that is something we need to appreciate because they are willing to listen to the advice of gamblers and gamblers no longer have to worry about the high withdrawal fees. I don't know. I don't really understand like you. Moreover, I haven't tried to bet on that site either.

Of course, bonuses from different casinos can slightly compensate for withdrawal fees.  But they are usually so insignificant that the player does not receive a significant advantage and tangible benefits.  
There is a huge psychological advantage in withdrawing funds without commission at all.  And I think a lot of players will appreciate it positively and will continue to play in such a casino and still partly can advertise it to their friends, which increases attendance.  
So there are certain advantages in depositing / withdrawing funds without commission.

Will you support the same idea if you run the same casino, just like a crypto exchange, you will have to pay your own withdrawal fee and to say they are even fair. In the bitcoin withdrawal option, I can see a $2 fee which is something you hardly see on exchanges. Isn't the weekly bonus not enough, If a casino promises you a chance to win up to $100k a month?

I am seeing less than $2 with alt different alts supported, how are they processing withdrawals for Ethereum that's having an average of $8 as a transaction fee and a spike in BTC sat/Vbyte for transactions, the table was last updated less than weeks but nothing changes about them.

I would like to pitch in and state the same. Withdrew around 2 mBtc from Livecasino recently which was processed pretty quickly and I was charged zero withdrawal fees.

I'm confused. Is the minimum deposit 100,000 Satoshi? Is commission of around 10k satoshi the withdrawal fees? Only understood the part about the minimum withdrawal being 2 mBtc.

Their withdrawal fees was over 40 bucks before which was insane and it seems like they dropped it drastically thanks to gambler feedback.

Hi,

I am sorry for the long waiting time. I almost forgot to give you an update from Bitdouble.io and the other gambling site. I only received an email from Bitdouble.io, while I did not get an email from BetHash, Cloudbet and Fairlay. That email from Bitdouble.io has been in my Spam folder



I hope it helps.

It wasn't a long ago when I have informed you about the change of withdrawal fee of Bitsler. Recently they have made another change, and I think it is a great decision of Bitsler team. Now they are using dynamic withdrawal fee system which depends on the network condition of Bitcoin. The fee gets updated in every 15 seconds at the withdrawal processing page of Bitsler. But it isn't possible to check the fee now without having balance in the account. I have made a deposit today to give you the update here about their withdrawal fee.



This was the withdrawal fee when I checked it. I have paid 1870 satoshi for the withdrawal and the amount was deducted from my total withdrawal amount.

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I have already suggested you about Livecasino and informed here about their min withdrawal amount & fee. Now I would like to confirm that they don't charge anything as withdrawal fee. I have requested for a withdrawal of 2.2388 mBTC, and received the exact amount on my wallet. I hope that you will include these informations in the table when you will make the update next time.

Updating it weekly is out of the question for me. I check every now and then. Bitsler is a casino that has made changes almost every time that I made those checks or if some member informs about wrong data, it has often been Bitsler.

I really hope they do change it. I would understand that the amounts are different if the deposited crypto got converted, but as Felix confirmed, that's not the case. It makes less sense that volatility would be a deciding factor in that case. I deposited Bitcoin, I played with Bitcoin, I want to withdraw BTC. I don't care what the USD value of it is. 

Thanks for taking the time to check this!
I will include Gamdom in the OP and explain that volatility can cause the final withdrawal to be different from what the player originally requested. 

This isn't going to make the whole thing clear yet. Your provided screenshot shows that you have withdrawn 0.00058364 BTC, but the transaction page shows that you have received 0.00058365 BTC. They didn't charge anything as withdrawal fee, but you received 1 satoshi extra. Which proves that the market volatility will create impact between displayed and actual (received) withdrawal amount. If bitcoin price drop suddenly then the user will receive less than the displayed amount. As a result, the user may feel that Gamdom has charged some withdrawal fee.

Sites like Roobet, Duelbits min withdrawal amount is based on USD, they shows the account balance in USD mode. But at Gamdom the account balance and min withdrawal amount is displayed in BTC. Where they gives priority to USD amount, and Bitcoin price volatility during withdrawal process.

This is the reply I got from the owner

Felix ., [2/26/2022 9:59 AM]
it stays in bitcoin - transaction gets sent in USD value though on the point of withdrawal, this is something we can change to the specific crypto amount too, thats probably better

Felix ., [2/26/2022 9:59 AM]
We dont take any withdrawal fees though

Pmalek, I promised to update this thread when I made a new withdrawal from the Gamdom platform, but I forgot.
Luckily this time I took a screenshot before the withdrawal.




TX: https://mempool.space/tx/c20980b4696fa2342819b706f8e519841afcd889297192b61f0d595c14835832

As you can see, this time the BTC amounts are almost identical because there was no much volatility at the time and the transaction was approved and confirmed in a very short time. The transaction fee is not deducted from the withdrawn amount.
In my opinion, this process is not much different from that of other casinos with USD balances, for example Roobet, except that Roobet deducts the transaction fee from the withdrawn amount, while Gamdom does not.

I hope this helps and if there's anything else I can help you with, please let me know.

Really you need to be constantly updating this thread. I noticed you have Bitsler wd fees still much higher then they actually are. Websites change stuff here and there as you know, which means you get the joy of updating constantly.

That will work, thanks yahoo62278.

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I forgot to mention that I used Mahdirakib's post and withdrawal info as examples where the amounts differ from the ones that were originally requested because the support agent asked if I had such an experience. Instead of getting more info, she said she can't talk about someone else's account. Telling her that the information is already publicly available and is not a secret didn't change her mind.     

I of course have the owners on telegram and can point them to this message. I may be the 1 posting their response but I will try to get you guys an answer.

I had another talk with the Gamdom support team and I can't say they have helped in resolving any of my questions and doubts.

I wanted to know how exactly they process withdrawals and asked to speak to someone who knows. The support agent said she doesn't have that info, so I spoke with her. I asked what happens with the Bitcoin deposited to the casino? Do they convert it to fiat, a stablecoin, or does it remain in the original currency. She didn't know and couldn't answer that question. I asked why is the requested BTC withdrawal amount sometimes a little less and other times a little more than what the player asked to withdraw. Support responded by saying that the players receive exactly what they requested. Later during our talk, she says that the amounts can change. I informed her that those two statements are contradictory because you can't claim that players receive the exact amounts only to say that those "exact" amounts can be different. She said she didn't understand my original question.

I stated that if Gamdom doesn't convert the deposited BTC into fiat or stablecoins, it makes no sense that withdrawal amounts change. If I have 0.003 BTC in my account, why is there a possibility that I will get more or less than that if you aren't doing some swaps back and forth that causes the difference? Of course, she couldn't answer that either and knows no one who knows. When I asked if I could speak to her supervisor or another colleague, she said there is no one else there.

To conclude, Gamdom will not be added to the table for the time being.
Since I don't have anything against the casino nor do I believe them to be fraudulent, I will try one more thing. I am going to tag yahoo62278 in this post. He runs their signature campaign. @yahoo62278 do you know anyone from the Gamdom team who knows more about their internal operations? Someone you spoke to maybe to set up that campaign of yours?         

This is no doubt a great idea.  In addition, it is on such days or hours that any casino that would introduce the input-output of players' funds in a fixed time interval without commissions would receive a serious influx of users.  And this could well compensate for the losses of the casino from the lack of commissions. 
Maybe someone has already guessed to do it, but I have not heard about it yet.

I haven't checked any of them out yet. I will do that the next time I decide to add new casinos to the table. I am currently working on some other topic that has caused a backlog of the things I need to update. Soon, hopefully.

There are only a couple of sites like that which charge insane withdrawal fees and I guess most gamblers avoid them primarily for this reason.

Majority of them have already lowered their BTC fees considerably or charge no fees at all which is why this isn't a big issue anymore these days. Minimum withdrawal amounts have also been lowered in many of these sites over time.

Some casino has internal exchange system available. AmoreJaz has made a list here. I think it won't create much impact in the bankroll of a casino if the players use the internal exchange service. Because the player doesn't exchange a fixed coin always. Moreover, the exchange service aren't used to escape the high withdrawal fee only. If a user exchange from ‘X’ coin to ‘Y’ coin then they do the vice versa also.

Gambling sites charge high fee (1%-5%) for the coin exchange as well. If a real exchange site can maintain profit by taking 0.1% to 0.5% fee then why a casino will loss their bankroll by charging higher fee! Market volatility won't create much impact in the bankroll management as the crypto gambling sites charge high fee for the exchange.

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BTW, you haven't said anything about these websites. What have you thought about them?