[Table] Withdrawal Fees and Withdrawal Amounts on Crypto Casinos - page 34.

Mahdirakib

legendary

Activity: 1946

Merit: 1026

In Search of Incredible

Quote from: kro55 on August 20, 2021, 09:35:34 AM

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.

Pmalek

legendary

Activity: 2730

Merit: 7065

Quote from: panjul07 on August 20, 2021, 09:00:48 AM

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.

ryzaadit

legendary

Activity: 2660

Merit: 1261

Quote from: panjul07 on August 20, 2021, 09:00:48 AM

-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.

kro55

sr. member

Activity: 1610

Merit: 301

*STOP NOWHERE*

Quote from: panjul07 on August 20, 2021, 09:00:48 AM

Quote from: decodx on August 14, 2021, 03:21:08 AM

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.

panjul07

legendary

Activity: 3500

Merit: 1354

Quote from: BetBTC on August 14, 2021, 09:10:15 PM

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.

Quote from: decodx on August 14, 2021, 03:21:08 AM

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?

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: decodx on August 14, 2021, 03:21:08 AM

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.

shasan

copper member

Activity: 2380

Merit: 1302

Playbet.io - Crypto Casino and Sportsbook

Quote from: qory on August 13, 2021, 03:18:03 AM

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.

Pmalek

legendary

Activity: 2730

Merit: 7065

Quote from: decodx on August 14, 2021, 03:21:08 AM

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.

decodx

hero member

Activity: 1456

Merit: 940

🇺🇦 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!

JohnBitCo

sr. member

Activity: 2030

Merit: 356

Quote from: Pmalek on August 14, 2021, 02:09:17 AM

Quote from: MI6 on August 13, 2021, 08:36:14 AM

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.

Pmalek

legendary

Activity: 2730

Merit: 7065

Quote from: MI6 on August 13, 2021, 08:36:14 AM

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.

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

Quote from: MI6 on August 13, 2021, 08:36:14 AM

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.

MI6

hero member

Activity: 1260

Merit: 504

Betking.io - Best Bitcoin Casino

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.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: entebah on August 13, 2021, 04:31:41 AM

Quote from: qory on August 13, 2021, 03:18:03 AM

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.

it depends on which site that you want to play because there are many websites that offer cheap fees based on this list even there are a few websites that free

If they are reputable and been established for so long here provably its good to play on that site but if they are not also their reputation is questionable then I'd rather play on the casino who requires us to pay such amount listed on the OP but there are 3 good sites which can we trust on and maybe for now since the withdrawal fees is so high maybe its good to stay at them since they are also offering almost the same game to others, the advantage what those casino or sportsbook can bring is the level of trust and they got good reputation in this forum.

Pmalek

legendary

Activity: 2730

Merit: 7065

Quote from: entebah on August 13, 2021, 04:31:41 AM

...even there are a few websites that free

Those that are free are very rare. But some still do that. Five or six crypto casinos pay the network fees instead of their players.

On a different note. It seems that certain ad blockers are blocking some names in my table. I have just realized that AdGuard doesn't allow Sportsbet.io to be displayed in my OP. That messes up the formatting a little bit. If you notice something like that, try to disable your ad blocker temporarily and reload the site. That should fix it.

entebah

full member

Activity: 1489

Merit: 150

Quote from: qory on August 13, 2021, 03:18:03 AM

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.

it depends on which site that you want to play because there are many websites that offer cheap fees based on this list even there are a few websites that free

Haunebu

hero member

Activity: 3178

Merit: 977

www.Crypto.Games: Multiple coins, multiple games

Quote from: Twinkledoe on August 13, 2021, 02:56:39 AM

For those who are waiting this opportunity, better take it while the network is not congested. Also, I hope other popular sites here will also review their withdrawal fees because it is getting cheap these days.

Some sites review their fee systems on a regular basis based on changes in cryptocurrency values(Preferred) while some others employ a fixed system which don't depend on the fluctuations in cryptocurrency values.

Quote from: qory on August 13, 2021, 03:18:03 AM

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.

Some sites offer fixed fees while some others offer fee systems that depend on BTC and other crypto prices. $72 withdrawal fee is insane. I advise shifting to other sites that charge way lower fees in comparison.

qory

hero member

Activity: 1722

Merit: 508

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.

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Has anyone noticed? Freebitco has even cheap withdrawal fees at the moment.

Slow (225 sats) vs Instant (959 sats) - even you paid the instant option, still a very good deal.

vs.

For those who are waiting this opportunity, better take it while the network is not congested. Also, I hope other popular sites here will also review their withdrawal fees because it is getting cheap these days.

shasan

copper member

Activity: 2380

Merit: 1302

Playbet.io - Crypto Casino and Sportsbook

Quote from: Pmalek on August 08, 2021, 01:27:31 PM

Windice has dynamic fees, they change constantly. Right now they are at 0.00034279 BTC. It only makes sense to update those when I check the whole list of casinos and make changes to everything else as well.

I think fees is fixed base on USD, and as price of bitcoin is changing the amount of bitcoin is also changing base on the usd price of bitcoin.

Quote from: AmoreJaz on August 10, 2021, 03:27:56 PM

maybe other sites also change their fees because the btc transaction these days are getting cheaper.

I agreed with you that there might have a change of lot of websites for price changing. I usually use dogecoin so, I checked that and noticed withdrawal fee has been changed.

Topic: [Table] Withdrawal Fees and Withdrawal Amounts on Crypto Casinos - page 34. (Read 12982 times)