Topic: Things that still make feel awkward with some online casinos - page 2. (Read 1002 times)

But there are a few casinos that charge nothing for withdrawals, which is actually a big plus for them in my opinion. But what surprised me is that they don't advertise it that way. When I made my first withdrawal I couldn't find the fee because there wasn't any and then I thought that deduct something automatically or I will receive less, but no, the withdrawal fee is paid by the platform then. That was nice.

Because players don't withdraw that much at a casino that casino doesn't focus on advertising their free withdrawal feature. They are focusing on what the players really like the most, the bonus system. Cashback and Rakeback is often the most attractive part of the casino which is why this bonus percentage is always in the front and not the withdrawal fee because the fee is just very minimal compared to the bonuses.

What I don't understand is why other casino still charged huge fees while other casino can afford to set it on free.

Perhaps, casinos still need time to lower transaction costs because they do it manually. And I think that's natural because at least the casino will reduce the transaction fees later. For other casinos, they may apply transaction fees automatically and follow the development of transaction fees on the network so that when the transaction costs decrease, the costs at the casino also immediately decrease.

And it's better that casinos advertise other things that can attract the attention of more gamblers. It can make the casino have more people who will sign up. And if the fees on the network increase again later, it's best for members to check with the support service first so they won't be surprised to see the fees have gone up or down.

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Quote from: Wapfika on June 06, 2023, 11:40:04 PM

Of course I have tried withdrawing. I am using Stake quite often and currently they have a flat fee of 0.00007 BTC, which I think is ok and they also have it in very busy times. But it is an amount that players with relatively low stakes can still take and it is also reasonable because of the network load that is going on these days.

But there are a few casinos that charge nothing for withdrawals, which is actually a big plus for them in my opinion. But what surprised me is that they don't advertise it that way. When I made my first withdrawal I couldn't find the fee because there wasn't any and then I thought that deduct something automatically or I will receive less, but no, the withdrawal fee is paid by the platform then. That was nice.

I don't believe what I just read, in times like these where casinos are cutting costs only to survive the hard times, how can a platform pay the withdrawal fees for their gamblers because that will be a lot of money to pay from their own money unless they have a very limited amount of gamblers, and if they really do that, why don't they promote their platform using that?

I'm pretty sure that anyone reading an endorsement like a platform giving free withdrawals will surely sign up and try them at least once and if they manage their platform in a good and reputable manner, they might get a lot of loyal customers.

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Because players don't withdraw that much at a casino that casino doesn't focus on advertising their free withdrawal feature. They are focusing on what the players really like the most, the bonus system. Cashback and Rakeback is often the most attractive part of the casino which is why this bonus percentage is always in the front and not the withdrawal fee because the fee is just very minimal compared to the bonuses.

What I don't understand is why other casino still charged huge fees while other casino can afford to set it on free.

This is a very weird yet interesting explanation as to why casinos should not advertise their zero fee withdrawal policy, but ok... Cheesy

Quote from: darewaller on June 07, 2023, 07:08:40 AM

But there are a few casinos that charge nothing for withdrawals, which is actually a big plus for them in my opinion. But what surprised me is that they don't advertise it that way. When I made my first withdrawal I couldn't find the fee because there wasn't any and then I thought that deduct something automatically or I will receive less, but no, the withdrawal fee is paid by the platform then. That was nice.

Really? That was cool, but can you name some of those casinos? A lot of us are not aware with that, which is why we are still paying for a withdrawal fee whenever we withdraw money on the existing casinos that we play. Maybe there is a catch for that like the casino place some advertisements on the side, top or bottom of their site which allows them to earn extra revenue.

I won't mind it as long as it's not annoying. We should not underestimate the withdrawal fees. Sure some cheap cryptos only requires tiny fees but we are talking about casinos here and they always have lots of customers so if those cheap fees were combined, it will still equate to a large amount.

I think I have mentioned it somewhere before here but Sportsbet.io is one of those casinos that does not charge any withdrawal fee, but they have some least amounts in crypto that you can withdraw. I think for BTC it is 0.002. So if you are playing with lower stakes, you still have to consider that any withdrawal needs to equal or exceed that threshold at least, but then it is free.

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But there are a few casinos that charge nothing for withdrawals, which is actually a big plus for them in my opinion. But what surprised me is that they don't advertise it that way. When I made my first withdrawal I couldn't find the fee because there wasn't any and then I thought that deduct something automatically or I will receive less, but no, the withdrawal fee is paid by the platform then. That was nice.

Really? That was cool, but can you name some of those casinos? A lot of us are not aware with that, which is why we are still paying for a withdrawal fee whenever we withdraw money on the existing casinos that we play. Maybe there is a catch for that like the casino place some advertisements on the side, top or bottom of their site which allows them to earn extra revenue.

I won't mind it as long as it's not annoying. We should not underestimate the withdrawal fees. Sure some cheap cryptos only requires tiny fees but we are talking about casinos here and they always have lots of customers so if those cheap fees were combined, it will still equate to a large amount.

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Quote from: Doan9269 on June 05, 2023, 03:06:26 AM

But there are a few casinos that charge nothing for withdrawals, which is actually a big plus for them in my opinion. But what surprised me is that they don't advertise it that way. When I made my first withdrawal I couldn't find the fee because there wasn't any and then I thought that deduct something automatically or I will receive less, but no, the withdrawal fee is paid by the platform then. That was nice.

Because players don't withdraw that much at a casino that casino doesn't focus on advertising their free withdrawal feature. They are focusing on what the players really like the most, the bonus system. Cashback and Rakeback is often the most attractive part of the casino which is why this bonus percentage is always in the front and not the withdrawal fee because the fee is just very minimal compared to the bonuses.

What I don't understand is why other casino still charged huge fees while other casino can afford to set it on free.

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Let's talk a little on the gambling platforms performances and their website appearance and functionality, the display orientation, kinds of fonts and letters used, their designs and the time taken on the website to load up their page, though most of these listed and not the primary needs any gambler can out first but they also served under the secondary categories of what some considers especially the time taken for a gambling casino to load it page, the other common things are inability to withdraw, KYC challenge, suspicious abuse or activities and many others.

Gambling functionality and appearance are primarily determined by the team behind the project, as there are many of these sites in the sector, and their distinctions vary according on the techniques and data involved. There is a preference table triggered by the team, and one may compare a casino site that has been in operation for years to a recently developed one, and there is a significant difference. Customers would constantly dash to those that provide them favorable terms. Gambling platforms are always being improved in order to better serve their diverse clients. Clients post complaints on a daily basis, therefore there is always space for improvement.

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Quote from: Lanatsa on June 06, 2023, 02:57:24 PM

I dont have experience in withdrawal fee on sports in Stake, but have you tried on withdrawing out your balance specially on Bitcoin on whats the fee that they've been asking? It turns out that they do have

that standard 0.0001-2 based up with my experience.This is why long time ago i did make changed out some casinos because im not really that much confident when it comes to deduction.
Dont know if they did make out some adjustments about that as this one would really be that big. I dont really like the idea on having that static fee. Having that dynamic or would be basing up
on the network condition would be always preferable but of course not all would really be minding about such stuff.

Adding up some amounts is something that would really be decisioned whether it would really be applied or not basing up on the request or appeal of its users.

Of course I have tried withdrawing. I am using Stake quite often and currently they have a flat fee of 0.00007 BTC, which I think is ok and they also have it in very busy times. But it is an amount that players with relatively low stakes can still take and it is also reasonable because of the network load that is going on these days.

But there are a few casinos that charge nothing for withdrawals, which is actually a big plus for them in my opinion. But what surprised me is that they don't advertise it that way. When I made my first withdrawal I couldn't find the fee because there wasn't any and then I thought that deduct something automatically or I will receive less, but no, the withdrawal fee is paid by the platform then. That was nice.

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Quote from: shogun47 on June 06, 2023, 07:54:24 AM

Quote from: Doan9269 on June 06, 2023, 04:51:55 AM

Quote from: LUCKMCFLY on June 03, 2023, 05:22:53 PM

The casinos that charge withdrawal fees is not a bad thing nor should it be interpreted as something bad because what is done here is to try to understand that the casinos cannot be covering those expenses that are our own, of course there are some casinos that do they assume that expense and although I do not agree that casinos charge more than they should even if bitcoin rises in price, I think that casinos should implement alternating solutions to avoid this, perhaps they will set up a Bitcoin to USDT exchange to that a withdrawal can be made in usdt and it is not a fee problem, it has happened to me that I have had to gamble too much to be able to withdraw considering the fee.

I guess you know that Stake.com charges a very moderate fee and some even charge nothing at all. Those who rip off their customers are not the most reliable casinos either. Why would they have to charge excessive withdrawal fees when those fees actually should be much lower according to the network? Some even kept their fees steady and low when we had the fee explosion recently. I think it is a big promotional action because I also prefer platforms which have a fee policy that fits the actual network load instead of taking a big fat chunk of your own money for nothing.

The most trusted and reputable platforms will surely have lower fees as they can manage to earn revenue through their gambling services and don't need anything extra from their gamblers but some casinos that are relatively new and maybe don't have a very large user base will charge extra fees than what the network actually asks for and that goes to the casino revenue I believe.

Users obviously would prefer a platform that doesn't rip them off when they are trying to make a withdrawal, and even if the amount isn't very big, it at least is higher than what should be asked for, in such times, casinos that are asking for lower fees will surely get more popularity than normal times.

But don't be surprised that reverse is now the case of most gambling platforms where this is applicable, the bigger and most established gambling platforms charges more because they feels they have that reputation needed for them to be trusted and also that they need more finances to maintain this reputation they have built, yet we also have some newly established gambling platforms that keeps upto expectation and charges less.

Can you give examples? I know that Stake.com charges a very small fee only and for example Sportsbet charges nothing for withdrawals. I would deem these two platforms quite big and that would be contrary to what you have said. It differs among those platforms but i can definitely say that I avoid those that charge way too much in excess of actual network fees. I am not a high stakes player and fees do matter in that case.

I dont have experience in withdrawal fee on sports in Stake, but have you tried on withdrawing out your balance specially on Bitcoin on whats the fee that they've been asking? It turns out that they do have

that standard 0.0001-2 based up with my experience.This is why long time ago i did make changed out some casinos because im not really that much confident when it comes to deduction.
Dont know if they did make out some adjustments about that as this one would really be that big. I dont really like the idea on having that static fee. Having that dynamic or would be basing up
on the network condition would be always preferable but of course not all would really be minding about such stuff.

Adding up some amounts is something that would really be decisioned whether it would really be applied or not basing up on the request or appeal of its users.

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Alot hot wallets have been made to reduce Thier fees - I normally use Trust wallet in my transactions most times and I was heavily charged on one occasion, when I had to trade my BTCs for fiat... 4.98 dollars was much for me at the time, but I had no choice.
If that's happening in wallets for staked coins, how much more casino wallets... No one would always prefer depositing with a huge gas fee buddy, ..(except maybe when it was made general for everyone). Casinos have also added an additional income revenue to theirselves - mostly when they've been rooted in for a long time. I Still feel every casino would always operate in a way that suits them - that's one of the reasons most won't accept every means of payment - which is mostly because they aren't in countries that supports the most preferred medium of payment or withdrawal.

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Quote from: Helena Yu on June 05, 2023, 07:02:11 AM

Because most of centralized sites have a slow update and if many gamblers willing to pay such high fee, why they need to adjust with the current mempool? they can earn more money from the additional Bitcoin which not used for pay to the miner.

You should let know the live support at that time and wait until they adjust it, if the site is trusted, I think it's still safe to leave your funds for next few months.

You will never see a casino which provides withdrawal fee same as the required transaction fee and it also applies to Centralized exchanges and any platform which gives cryptocurrency related services. Because this is how they make money for the service they are providing so if you see a little higher fee than actual transaction fee then it's okay and no need to question about their reputation but if they are asking 5x times than actual fees then it's better to choose alternatives.

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Quote from: Doan9269 on June 06, 2023, 04:51:55 AM

Quote from: LUCKMCFLY on June 03, 2023, 05:22:53 PM

The casinos that charge withdrawal fees is not a bad thing nor should it be interpreted as something bad because what is done here is to try to understand that the casinos cannot be covering those expenses that are our own, of course there are some casinos that do they assume that expense and although I do not agree that casinos charge more than they should even if bitcoin rises in price, I think that casinos should implement alternating solutions to avoid this, perhaps they will set up a Bitcoin to USDT exchange to that a withdrawal can be made in usdt and it is not a fee problem, it has happened to me that I have had to gamble too much to be able to withdraw considering the fee.

I guess you know that Stake.com charges a very moderate fee and some even charge nothing at all. Those who rip off their customers are not the most reliable casinos either. Why would they have to charge excessive withdrawal fees when those fees actually should be much lower according to the network? Some even kept their fees steady and low when we had the fee explosion recently. I think it is a big promotional action because I also prefer platforms which have a fee policy that fits the actual network load instead of taking a big fat chunk of your own money for nothing.

The most trusted and reputable platforms will surely have lower fees as they can manage to earn revenue through their gambling services and don't need anything extra from their gamblers but some casinos that are relatively new and maybe don't have a very large user base will charge extra fees than what the network actually asks for and that goes to the casino revenue I believe.

Users obviously would prefer a platform that doesn't rip them off when they are trying to make a withdrawal, and even if the amount isn't very big, it at least is higher than what should be asked for, in such times, casinos that are asking for lower fees will surely get more popularity than normal times.

But don't be surprised that reverse is now the case of most gambling platforms where this is applicable, the bigger and most established gambling platforms charges more because they feels they have that reputation needed for them to be trusted and also that they need more finances to maintain this reputation they have built, yet we also have some newly established gambling platforms that keeps upto expectation and charges less.

Can you give examples? I know that Stake.com charges a very small fee only and for example Sportsbet charges nothing for withdrawals. I would deem these two platforms quite big and that would be contrary to what you have said. It differs among those platforms but i can definitely say that I avoid those that charge way too much in excess of actual network fees. I am not a high stakes player and fees do matter in that case.

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Quote from: AicecreaME on June 05, 2023, 02:50:33 AM

Quote from: ethereumhunter on June 04, 2023, 10:34:27 AM

Quote from: avp2306 on June 04, 2023, 02:01:47 AM

Maybe hard for them to have this feature since if they add exchange maybe they required to have another license aside from their casino. But we don't know the real situation on this since provably the one can answer is those people who work with casino or even the owner since people here maybe just saying something base only on their opinion.

But if they can make this to happen then maybe they can get extra source of income to their casino since this feature maybe can generate them a profit.

It could be why not many casinos don't add the exchange feature. And that is also not a problem for gamblers because they can send money directly to other wallets or exchanges. But indeed, having an exchange in the casino will allow gamblers to exchange their coins for other coins, especially when transaction costs are soaring.

Hopefully, in the future, many casinos will think about adding exchanges in their casinos to help their members who want to convert their coins before sending them to other wallets. And yes, it is an additional source of income for the casino too, by owning that exchange.

Having an exchanger could really be a game changer for the better user-experience of the players. The convenience of having a readily available exchanger where you can directly convert your crypto coins in a snap before sending it to your wallet will be less hassle. This will consume lesser time and effort on gambler's end. However, having this could also mean that the casino might really need to get license and process some documents first. Which will be a tedious task on their end and surely this will also cost a considerable amount of money they should get from their reserves. Although I agree that this could pave way to additional source of income for them in the future if ever they will put up one, so the expenses will not be put into waste, rather will be an investment that will also generate profit over time.

But it's still up for the casinos to decide whether to build one or now. Perhaps some are even thinking of putting it and is just weighing the pros and cons first. Since after all, exchangers also need security and maintenance. They need to sustain those in order for it to work smoothly and continue living up the good reputation they have for providing good quality of service to their patrons.

No lies, an internal exchange seems like a sweet deal for a crypto-casino. Imagine it like a food court with every possible cuisine right there. The user-friendliness levels for gamblers would blast off, and the casino could count on some extra green. But, let's not bypass the 800-pound gorillas.

Firstly, the tech workload for setting up and running an exchange is not a breeze. It calls for cutting-edge security to dodge any breaches, and a considerable chunk of resources to keep the system fresh and in the game. Secondly, the red tape would feel like a blind journey through a booby-trapped terrain. Staying on top of AML/KYC protocols, tackling licensing, grappling with jurisdiction – the casino would need a squad of legal wizards to crack the code. The cash outlay is significant, plus the extra gamble of operating an exchange in the turbulent world of crypto. One false move could be game over. So, while it's a fun thought, let's not undervalue the multitude of challenges on the horizon.

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Quote from: LUCKMCFLY on June 03, 2023, 05:22:53 PM

The casinos that charge withdrawal fees is not a bad thing nor should it be interpreted as something bad because what is done here is to try to understand that the casinos cannot be covering those expenses that are our own, of course there are some casinos that do they assume that expense and although I do not agree that casinos charge more than they should even if bitcoin rises in price, I think that casinos should implement alternating solutions to avoid this, perhaps they will set up a Bitcoin to USDT exchange to that a withdrawal can be made in usdt and it is not a fee problem, it has happened to me that I have had to gamble too much to be able to withdraw considering the fee.

I guess you know that Stake.com charges a very moderate fee and some even charge nothing at all. Those who rip off their customers are not the most reliable casinos either. Why would they have to charge excessive withdrawal fees when those fees actually should be much lower according to the network? Some even kept their fees steady and low when we had the fee explosion recently. I think it is a big promotional action because I also prefer platforms which have a fee policy that fits the actual network load instead of taking a big fat chunk of your own money for nothing.

The most trusted and reputable platforms will surely have lower fees as they can manage to earn revenue through their gambling services and don't need anything extra from their gamblers but some casinos that are relatively new and maybe don't have a very large user base will charge extra fees than what the network actually asks for and that goes to the casino revenue I believe.

Users obviously would prefer a platform that doesn't rip them off when they are trying to make a withdrawal, and even if the amount isn't very big, it at least is higher than what should be asked for, in such times, casinos that are asking for lower fees will surely get more popularity than normal times.

But don't be surprised that reverse is now the case of most gambling platforms where this is applicable, the bigger and most established gambling platforms charges more because they feels they have that reputation needed for them to be trusted and also that they need more finances to maintain this reputation they have built, yet we also have some newly established gambling platforms that keeps upto expectation and charges less.

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Quote from: ethereumhunter on June 04, 2023, 10:34:27 AM

Hopefully, in the future, many casinos will think about adding exchanges in their casinos to help their members who want to convert their coins before sending them to other wallets. And yes, it is an additional source of income for the casino too, by owning that exchange.

They also don't have to own the exchange, they can partner with instant exchange or swapping platforms so users can swap their coin on the casino without leaving and it can then be withdrawn with the coins with the lowest fees, I don't like paying high fee myself.

Some cryptocurency wallets has implemented this suggestion and it made using the wallets very comfortable as you don't have to worry about withdrawing to an exchange that might take time for the coins to confirm and the price might have dropped.

Also I use a casino in the past to gamble and when I wanted to withdraw, the money was in USDT and you can withdraw directly to your account even when what you deposited was Bitcoin. They automatically converts your wins to stablecoin, that was also helpful.

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Quote from: Outhue on May 16, 2023, 04:13:15 AM

Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

they're trying to make their own charge at a criminal level, I don't even bother to call them out, if your transaction charge is high, it means only one thing to me, I am not needed in your platform. So I do myself the favour by walking away, trading goes on, life continues. No hard feelings

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Quote from: Helena Yu on June 05, 2023, 07:02:11 AM

Because most of centralized sites have a slow update and if many gamblers willing to pay such high fee, why they need to adjust with the current mempool? they can earn more money from the additional Bitcoin which not used for pay to the miner.

You should let know the live support at that time and wait until they adjust it, if the site is trusted, I think it's still safe to leave your funds for next few months.

However, the issue lies in why the fees for withdrawing altcoins have also increased. Just recently, the fee increases were supposed to be limited to Bitcoin transactions.

I believe this may be a tactic employed by gambling platform providers to extract small amounts of money from their users under the guise of high transaction fees. Or perhaps it's a psychological game where the players who are withdrawing funds are the ones who have just won. As a result, they may not mind the small fees imposed by the platform on users who make withdrawals.

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