Pages:
Author

Topic: [Table] Withdrawal Fees and Withdrawal Amounts on Crypto Casinos - page 33. (Read 12340 times)

full member
Activity: 1834
Merit: 166
Nitrogenbet is probably affiliated or connected to NitrogenSports, isn't it? I wouldn't put them on any lists of trusted or recommended casino platforms. 
Yes they are both the same and if i remember they have merited the ANN thread of new subsidiary casino but they have past scam allegations against them and setting up another branch under the same persons is not going to stop them from engaging into such scams.So it's good that you are ignoring them on the list and spreading awareness among new members who can read this thread for some information of legit casinos.
legendary
Activity: 2730
Merit: 7065
Farewell, Leo. You will be missed!
Pmalek maybe you can add new betting website BTC365.com information with stats for Withdrawal Fees and Withdrawal Amounts.
Thanks for the tip. I heard about this casino yesterday for the first time. Since they are brand-new and only created their ANN less than a week ago, I will wait for a little bit to see if the site is OK and delivers on its promises. I need to update this thread with new data and that also includes adding some new casinos like I promised earlier. That's now on top of my to-do list, as soon as I have some more free time.

Thanks for the information. I will check it out with the next update of OP.

From a fee perspective it does seem like that there are a few winners that you should look out for, including FJ and Nitrogenbet.
Nitrogenbet is probably affiliated or connected to NitrogenSports, isn't it? I wouldn't put them on any lists of trusted or recommended casino platforms. 
hero member
Activity: 1008
Merit: 531
Seems like that there are still quite a few casinos who are stuck with their archaic fee structures. Definitely try to avoid them as bitcoin fees are dirt cheap these days.

From a fee perspective it does seem like that there are a few winners that you should look out for, including FJ and Nitrogenbet.

It would be really good to see more casinos offering variable withdrawal fees imho - some people don't want instant confirmations and would rather save on fees. It's the player's money so they should be able to decide what they want to do with it.
copper member
Activity: 593
Merit: 221
Honesty is the best policy.
Hello Dear bitcointalk community.
I was asked to post here info about Withdrawal Fees and Withdrawal Amounts on Blackjack.fun platform.

On blackjack.fun we dont have any minimum or maximum deposit or withdraw size.

Bitcoin Withdraw just needs to be bigger then optimal bitcoin tx fee at this moment. Same with other currencys.

No withdrawal fees.

Coins we support:
BTC
LTC
BCH
ADA
ETH
DASH
USDT

legendary
Activity: 2058
Merit: 1264
Logo Designer ⛨ BSFL Division1
Pmalek maybe you can add new betting website BTC365.com information with stats for Withdrawal Fees and Withdrawal Amounts.
According to them there are no withdrawal fees like for Sportsbet and Fortunejack, and minimum withdrawal amount is 1 mBTC that is something I can confirm.
They only support few coins: BTC, ETH, and USDT (as TRC20 and ERC20)
https://www.btc365.com/
legendary
Activity: 2730
Merit: 7065
Farewell, Leo. You will be missed!
Minimum withdrawal amount is 0.0001 BTC at Playbetr. Their live support has confirmed it. Unfortunately I closed the support page without taking the screenshot.
Thanks for checking that. I will trust you on your word and I updated the table with the information you provided.

BTW, I asked for the clarification about blackjack.fun minimum withdrawal and fees. But they haven't made any response yet. I will knock them again.
Sure thing. If you hear back from them, feel free to post here and let me know what they said.
legendary
Activity: 1820
Merit: 966
In Search of Incredible
I wasn't able to check the data on a few casinos anymore. If you have a funded account on one of the below sites, I would appreciate if you can check the minimum withdrawal amounts and the withdrawal fees (a screenshot would also be appreciated):
  • Cloudbet
  • Betcoin
  • PLAYBETR
Thanks!
Minimum withdrawal amount is 0.0001 BTC at Playbetr. Their live support has confirmed it. Unfortunately I closed the support page without taking the screenshot. And their withdrawal fee is dynamic (depends on network condition). I made a withdrawal of 0.00113834 BTC from the site.


They paid 0.0000111 BTC as withdrawal fee and I have received the remaining amount into my wallet. So, the fee is dynamic and it doesn't show in their withdrawal page.


BTW, I asked for the clarification about blackjack.fun minimum withdrawal and fees. But they haven't made any response yet. I will knock them again.
hero member
Activity: 2016
Merit: 531
FREE passive income eBook @ tinyurl.com/PIA10

Freebitco withdrawal fee is reasonable. They have dynamic withdrawal fees and they don't charge anything high. Currently they are charging less than 800 satoshi for instant withdrawals. ‘Pmalek’ has mentioned about 3 types of withdrawal fees. ‘No fee for withdrawal’ is always attractive. And I prefer the dynamic one too. But most of the casino sets pretty high amount as fixed withdrawal fee. There is a little explanation behind it. Few casino sends withdrawal from their hot wallet. And they have to pay fees to accumulate individual users deposits into their hot wallet. For this reason they charge extra amount from user withdrawals.

Damn, I had to do a double take and check it out. Indeed its a miracle that it's around 800 when it was 5-figures Sats almost a month ago and when BTC price was lower.

I doubt I'd reach the threshold before it probably rises again though Grin
legendary
Activity: 1820
Merit: 966
In Search of Incredible
They charge 0.00025btc, but what purpose? you also have to realise that.
I can say about freebitcoin, they cost a little higher fee when you make a withdrawal request but you can't blame them for that. all of those fees they use to boost your transactions.
How could you give them blame when they didn't take anything to their pocket! ~
Freebitco withdrawal fee is reasonable. They have dynamic withdrawal fees and they don't charge anything high. Currently they are charging less than 800 satoshi for instant withdrawals. ‘Pmalek’ has mentioned about 3 types of withdrawal fees. ‘No fee for withdrawal’ is always attractive. And I prefer the dynamic one too. But most of the casino sets pretty high amount as fixed withdrawal fee. There is a little explanation behind it. Few casino sends withdrawal from their hot wallet. And they have to pay fees to accumulate individual users deposits into their hot wallet. For this reason they charge extra amount from user withdrawals.
legendary
Activity: 2730
Merit: 7065
Farewell, Leo. You will be missed!
Just in case you missed this announcement @Pmalek, betBTC is officially closed but the website will remain online till September 1st.
You may remove it asap or remove it after it is fully closed after Sept 1st.
I am going to remove them straight away because they are no longer accepting bets for any of their services despite the fact that the website will stay online for some time.

Thanks everyone for keeping an eye out and reporting changes in my thread, I appreciate it!

Besides BetBTC, I am considering removing BUFF.bet from my list due to an issue that I was made aware of concerning a player from Germany who had his balance confiscated and his account locked. You can read more about that on the last two pages of the casino's ANN thread > https://bitcointalk.org/index.php?topic=3309139.1200.

If the OP opens a scam accusation thread, he might have a case against them and have the site tagged with negative trust. If that happens, I'll remove them. For now, I will it as it's and check what's happening with that particular case.     
legendary
Activity: 2450
Merit: 1225
-snip-
Damn you rekted him! Grin

I don't know why people always try to argue the fee about "BTC/ETH" is really to big while on the casino it self we have various option to deposit by different altcoin with cheap price even under 10 cent.

Sometimes people don't know the casino business sometimes not only taken profit from house edge but also with fee withdraw too.
sr. member
Activity: 1610
Merit: 301
*STOP NOWHERE*
In my opinion, all casinos that charge additional withdrawal fees on top of the standard network transaction fee are just typical scammers.
Gambling should be the source of their income, not manipulative fees. They're not a fucking bank, but a casino!
How about the site you are promoting on your signature space?
Will you say they are typical scammers because they charge you 0.00025btc while it is higher than the current standard transaction fee?

They charge 0.00025btc, but what purpose? you also have to realise that.
I can say about freebitcoin, they cost a little higher fee when you make a withdrawal request but you can't blame them for that. all of those fees they use to boost your transactions.
How could you give them blame when they didn't take anything to their pocket!
Better you could do, request them to add a feature by which you can set the fees manually, when the maximum number of users will report the same issue they may think about your requests.
legendary
Activity: 3472
Merit: 1351
BetBTC is closed!
Aug 15th, 2021

Just in case you missed this announcement @Pmalek, betBTC is officially closed but the website will remain online till September 1st.
You may remove it asap or remove it after it is fully closed after Sept 1st.

In my opinion, all casinos that charge additional withdrawal fees on top of the standard network transaction fee are just typical scammers.
Gambling should be the source of their income, not manipulative fees. They're not a fucking bank, but a casino!

How about the site you are promoting on your signature space?
Will you say they are typical scammers because they charge you 0.00025btc while it is higher than the current standard transaction fee?
hero member
Activity: 2590
Merit: 644
In my opinion, all casinos that charge additional withdrawal fees on top of the standard network transaction fee are just typical scammers.
Gambling should be the source of their income, not manipulative fees. They're not a fucking bank, but a casino!

^ You have your choice either to pick them or not, on this thread, you will know regarding the withdrawal fees and the withdrawal minimum required amount which pretty has an advantage upon picking a gambling site to use. Gambling is a kind of business, they can even make money through withdrawal fees, that is why do your own research before picking a good gambling site to use. Even custodial wallets do not have a standard network transaction that is based on the BTC network, the fee is always greater than the network fees, and that is how they also generate profit and I hope you understand because it is all about business.
copper member
Activity: 2128
Merit: 1241
Need a Bounty Manager? t.me/shasan32
Does this amount fixed or varies depends on the price of the Bitcoin? I see that the Bethash has the expensive withdrawal fee, I don't think Bethash is for small to average gamblers I sometimes place bets but only around $100 max and It would be really expensive for me to have a $72 fee.
The fees of withdrawal bitcoin as well as other cryptocurrencies can be fixed which sites used the fee base on fiat on the same way few are fixed base on cryptocurrencies amount. These variations can be happened for the sites. You should check the exact information from your required/expected sites.
legendary
Activity: 2730
Merit: 7065
Farewell, Leo. You will be missed!
In my opinion, all casinos that charge additional withdrawal fees on top of the standard network transaction fee are just typical scammers.
Many casinos (just like cryptocurrency exchanges) will force you to overpay on the withdrawal fees, but they are not going to tell you what is used for the mining fees and what is their own profit.

You can put them in three categories basically:

  • Free withdrawals with no fees at all.
  • Dynamic fees that change according to network conditions.
  • Fixed fees that are usually way to high and are only occasionally changed by the site owners.
   
hero member
Activity: 1428
Merit: 931
🇺🇦 Glory to Ukraine!
In my opinion, all casinos that charge additional withdrawal fees on top of the standard network transaction fee are just typical scammers.
Gambling should be the source of their income, not manipulative fees. They're not a fucking bank, but a casino!
sr. member
Activity: 2030
Merit: 356
If bitcoin goes up a lot, would the fees also go up?
If the dollar value of bitcoin goes up, the fees (in terms of satoshis) wouldn't increase. They would either stay the same or the devs would decrease the minimum withdrawal requirements and you would spend less sats. The only difference is that those sats are now worth more than what they were in the past.

Your mistake is thinking in dollar amounts and converting the values to $. If the withdrawal fee of a casino is 0.0002 BTC and bitcoin goes up by 50%, but the fee still remains 0.0002 BTC, the fee hasn't increased. It has stayed the same. It's up to the casino operators to even out the changes.  

Most of us are not mature enough to think in bitcoin terms only. Whatever the withdrawal fee is, we normally first convert it in dollars and if the bitcoin price is higher, we think that the withdrawal fee is too much.  
This is not the right way to calculate.
legendary
Activity: 2730
Merit: 7065
Farewell, Leo. You will be missed!
If bitcoin goes up a lot, would the fees also go up?
If the dollar value of bitcoin goes up, the fees (in terms of satoshis) wouldn't increase. They would either stay the same or the devs would decrease the minimum withdrawal requirements and you would spend less sats. The only difference is that those sats are now worth more than what they were in the past.

Your mistake is thinking in dollar amounts and converting the values to $. If the withdrawal fee of a casino is 0.0002 BTC and bitcoin goes up by 50%, but the fee still remains 0.0002 BTC, the fee hasn't increased. It has stayed the same. It's up to the casino operators to even out the changes. 
legendary
Activity: 2044
Merit: 1018
There is also a substantial difference between the fee and EUR and USD or in BTC. If bitcoin goes up a lot, would the fees also go up? Actually, a casino should take care of the fee as customer service to the customer.
That would be fair.
EUR and USD are not cryptocurrencies so they won't depend on any blockchain network. Their transaction cost will depend on banks, merchants, etc.

Bitcoin is a cryptocurrency, has a blockchain and its transaction fee depends on network hashrate, waiting transactions in mempools, etc.

Gambling sites can not control transactions fees from banks or blockchains, miners but they can waive fees for customers. Recent years, less and less gambling sites do so for customers.
Pages:
Jump to: