Topic: [Table] Withdrawal Fees and Withdrawal Amounts on Crypto Casinos - page 30. (Read 12982 times)

Could you explain a little bit how your geo-targeting service is supposed to work and what it achieves? From the top of my head, I understand it as a way for the player to know which casinos he can and can't play at based on his geographical location. So, If I am from the US, for example, your system would signal to me that I can't play on any of the Curacao licensed establishments. Did I get it right? 

From my experience, countries such as USA, UK, France, and Netherlands are always restricted on casinos with a Curacao license, that's correct. However, there are other things to consider. Buff.bet, for example, used to be part of my list, but they scammed a user from Bitcointalk, so I removed them. They are licensed in Curacao, but their restrictions include other countries which are atypical for this license provider. Germany is one of those countries. The player that got scammed is from Germany and according to Buff.bet, Germany is one of the countries whose players they can't provide a service for. I don't think they ever explained why, and the only thing I do know is that their license provider (Curacao) has no restrictions towards German players.

Besides that, there is also the issue with games from particular gaming providers. Players from certain countries might be allowed to register and gamble at a casino, but they are not allowed to play casino games operated by providers A, B, C for example. It's really a messy situation.

Hey Pmalek,

as you already know, I love this thread of yours - once again thumbs up for a very nice job!

The reason I am posting: On my website, I have recently implemented geo-targeting and I am now thinking about how to properly make use of it. With crypto casinos, we all know that the "restricted area" thingy is a bit... random and most do not care at all, accept VPN usage with some even endorsing it. On the other hand, in case some problem comes up, that VPN usage may be considered a break of ToS... You get the idea.

What are your thoughts about this guys and what would you suggest in terms of my GEO-targeting? IE crypto casino with curacao license, "by default", would all have US players restricted, which means I would have to disable all curacao license crypto casinos for my US traffic, etc.

I would not compare the two. Binance has plenty of other withdrawal options so you don't have to use the Ethereum network if you don't like the fees. You can, for example, use the BSC or Tron blockchain.
Unlike Binance,these casinos with astronomically high withdrawal fees are pure scam.

Yeah i totally agree. But lets be honest, even Binance has a flat $30 fee on fiat withdrawl on ERC20, while the current gas prices calculate it to $10 or less.
Everyone is trying to squeeze as much $ as possible from pidgeons like us

They are trying to make more and more profits out of your deposit and the thing is they will never stop your withdrawal or scam you because they are simply charging such high withdrawal fees from the playees which is somehow unethical practices on their part.But still charging such fees is insane levels and highest according to me.

I have to disagree with them being a scam. I don't like the way they are handling withdrawals, but they shouldn't be called scammers. If the amounts are clearly displayed and they aren't trying to hide how much is being charged, it's the responsibility of the players to check the requirements before they deposit and start playing there. It's a completely different story if the amounts suddenly change after you deposited and started playing.

This part is true. Since there are better alternatives, I see no reason why I should play on a site that takes a big chunk out of my profits when I can withdraw all of it elsewhere. 

Such sites are basically scam sites in disguise. This is basically a new and smart technique to try and extract money from their gamblers. It basically adds another issue for gamblers to worry about which is why such sites need to be avoided.

Worst part is that even popular sites like Wolf.bet and Cloudbet charge high withdrawal fees($25) though availability of altcoin payment methods provides some relief.

Those sites that are still consistent in not charging a withdrawal fee once the minimum withdrawal limit is hit are very commendable. I've been using Sportsbet before and I really like how they process the withdrawal instantly. Other sites charge outrageous fees, IMO, it's not good for business as they are hurting the gamblers which majority of the gamblers are looking for a site where they can enjoy gambling and save from high withdrawal fees.

I guess, in the future, eventually more gambling sites will add altcoins as an alternative or part of the choices as it's more practical due to the unpredictable fee range of bitcoin especially when there's market congestion.

The casinos make money when players lose their deposits in various games. Since that is not enough for some of them, they have introduced excessive withdrawal limits to profit even more. It's not a scam in the traditional sense, but it's certainly a model that should be criticized and called out publicly, so that the community knows what is going on. Pocketing $90 on fees at a time when the withdrawal fees are like $0.15 is plain wrong.

God damn, some of these fees are plain ridiculous.
$93 withdrawl fee is shit to be honest. It's like those scam sites constantly raising so you can never withdraw.
I'm not saying any of these are scam tho, don't get me wrong.

Thanks for the suggestion. I noticed that they created their ANN thread today. There is an old thread about that particular platform but it wasn't started by an official representative of the casino. It's a nice way to announce yourself to the members on Bitcointalk, but since the casino is still new here, I will wait a bit before adding them in my OP.

OP we examined withdrawal fees for Bitgame betting website and you can add that information if you want.
Withdrawal fee is 0.00057 BTC but there are some other limitations with transactions that are connected with VIP levels in Bitgame.
Minimum withdraw amount is 0.00157 BTC for all VIP levels, and they have support for other altcoins with different fees.


https://www.bitgame.com/

I oversaw that part. It's not updated in OP, thanks!

Updated, cheers.

You are probably right about BC.Game as well, but since they only have that one withdrawal fee, and you can't adjust the fee rate you are willing to play like you can on Bitsler, I will leave it as it is in the table.

If that was what they want yo say it should reflect on the minimum withdrawal amount and not on the commission charged. This is not a good way to run a casino as it will discourage a lot of gamblers going on their platform. And those who go there without knowing that withdrawal part will fee terribly bad when it gets to withdrawal time.

You have missed that part,

Currently the min withdrawal limit is 0.00035 BTC in Bitsler. Maybe you forgot to update it in the table.

You have to update few more things. Tower.bet min withdrawal amount is 0.0005 BTC. You can check it in their FAQ page. But in the withdraw page the min withdrawal amount is written including the transaction fee (0.0005BTC+fee). Same thing goes to BC.Game. I don't have any official source about it but I think their minimum withdrawal amount is 0.0007 BTC. And it shows 0.0007BTC+fee as min withdraw amount in their withdrawal page. Both casino have dynamic withdrawal fee as a result their min withdrawal amount change always (by including the fee).

Thanks for checking. panjul07 already explained what the lists below the table represent. I have changed it to "Casinos that have the highest minimum withdrawal amounts" as he suggested. Hopefully, that will bring some more clarity.

I created new accounts on all casinos that I checked, so I didn't rely on any information provided in FAQs and the forum.

- Rocketpot's withdrawal page still states that the withdrawal fee is 0.00006 BTC.
- You were right about CoinRoyale. The min. withdrawal fee now seems set at 0.001 BTC.

Thanks for confirming with the support. I have written that WinDice's minimum withdrawal amounts are equivalent to $15 worth of BTC. I will leave Bitsler the way it is for now.

That top 5 list refers to the casinos with highest minimum withdrawal amount.
I understand if it may mislead some people as it is written as "highest withdrawal amounts", some people may understand it as the max withdrawal amount allowed by the casino.
Perhaps Pmalek needs to change/edit it into "highest minimum withdrawal amounts"

Yes, there's no dedicated column in the table, but Pmalek has listed the top 5 "highest withdrawal amounts" after the table...
^{- I believe the ones I've found would automatically replace [assuming that their FAQ pages were updated] a few from that list.}

Thank you for the links ^{[I drew a line on that part]}.

Update:
Just finished cross-checking those with the table and you're right ^{[my bad (SMH)]}.

Update 2:
Thank you as well for the changes ^{[it's much more clearer now]} and you did the right thing to check everything with new accounts ^{[I suspected some of them might've been outdated as well]}.

It is out of date FAQ from Playbitcoingames as it is different from the information under the withdrawal page as confirmed by Pmalek here


I do not think this information is the concern by Pmalek of creating this thread.
As we can see on the table, the information are about minimum withdrawal, withdrawal fee and supported altcoins.

I'm not a regular player in WinDice but occasionally I play there. The withdrawal amount always change at WinDice (maybe every hour). You can easily check it from their payout page. But the withdrawal amount always stay equivalent to $15 in BTC (like I said before). I asked their live support and they have confirmed about it.

Bitsler minimum withdrawal amount doesn't stay equivalent to $15 but they tries to keep it in that range. You have to check and update the minimum withdrawal limit of Bitsler if the price of bitcoin fluctuate like $3k-$5k. I have also confirmed about it from their live support.



‘Pmalek’ haven't made the list of maximum withdrawal of each casino, but it would be helpful for the gamblers if he made a column with the maximum withdrawal limit.
BTW, KYC verified user can withdraw more than 1BTC each day from Bitcasino. Maybe Rollbit have this requirement since so long (not sure), but it has no connection with the minimum withdrawal amount. PlayBitcoinGames FAQ page is outdated. Their minimum withdrawal amount is 0.002BTC (like it is listed in original post). Previously we had some discussion about the withdrawal amount of PBG. You can see it here