Things that still make feel awkward with some online casinos - page 3.

Fivestar4everMVP

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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.

This entirely depends on the casino you are playing on, for me, for several months now, I've sticked with Stake.com, the bitcoin withdrawal fees has always been 7000 sats, and it has remained so even until now, and even when the bitcoin network experienced congestion which caused the fees to skyrocket, Stake.com still maintain their normal withdrawal fee of 7000 sats..

And again, Stake, a user can view what the withdrawal fee of any coin is, even without have a balance of the said coin, for example in the shot below, I have no bitcoin balance, but I can still see how much Bitcoin is taken as fee when I withdraw.

Yamifoud

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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.

But I supposed to think that the adjustment will just take a few days but when it takes weeks or months, that is not unfair anymore. If you are using that platform for quite a long, you feel like a robbery on your side knowing that you are paying $1 before and it has now become $5, it is really disappointing. Whether it was a trusted site or not, leaving fund to the gambling sites for that long is pretty not a good idea, I'd rather spend $5 and withdraw all of my funds.

tusandii

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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.

This is quite an interesting idea because it can make it easier for gamblers when they want to withdraw their balance with the token they want.
I also hope that there will be an Exchanger so that when we want to make withdrawals or deposits it can be faster and easier because it can be directly from the casino so we can directly enter it into our bank account.
You are right, with the development of the exchange and moreover the Exchanger can provide additional income or profit for the casino from the fees provided by gamblers when exchanging or withdrawing.

swogerino

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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.

I think no matter how trustworthy is a site they still remain a third party which is holding your coins and the saying says "not your keys,not your coins" so as long as you leave them here it is always with risks.Whenever a user needs to withdraw funds he/she should be able to do it,a couple of reputable casinos offer a fixed fee for when withdrawing money no matter the amount,the same fee is applied be it 50 dollar be it 5000 dollars and this guarantees that the user will take his money as long as he pays that fixed fee no matter if the mempool if full or not.This is the best solution and I fully agree with this,if people don't agree then they can use Litecoin or any other coin which has much cheaper fees compared to Bitcoin.

Helena Yu

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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.

wiss19

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Quote from: shogun47 on June 03, 2023, 10:34:04 PM

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.

Doan9269

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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.

AicecreaME

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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.

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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.

I suppose casinos have looked into this but they simply abandoned the idea when they realized all the regulations they would have to follow and the regulations they will have to force their gamblers to follow too, now I would not deny that it would be nice if such a feature was added to casinos as then people will be able to exchange their coins when the fees were on the high side and save themselves a few dollars and several hours of waiting for their transaction to be confirmed, but being realistic I do not think this will happen.

slapper

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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.

I think you've got it, buddy. It may seem that adding a currency trading element into the fabric of a gambling hub is like plucking a golden goose, but it's not as simple as getting another licence and opening the doors.

Managing liquidity, adhering with an ever-shifting framework of guidelines, and battling security concerns are just a few of the challenges that arise when dealing with digital coin trading. Furthermore, casinos are not accountants but rather masters of entertainment, inventing thrilling adventures of chance and reward. In a whole different arena, that's a totally different match.

Still, in terms of our bettors' convenience, you've hit the jackpot. Users interested in exchanging multiple cryptocurrencies may find the experience more streamlined and transaction fees reduced if an exchange is hosted locally.

A gambling establishment that is ready to take on the challenge of guiding an exchange and sees doing so as a strategy to expand its earning potential should definitely play its hand. But let's not get too excited just yet; this maze of an idea has many hidden depths.

ralle14

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Quote from: len01 on June 04, 2023, 12:30:44 AM

@pawanjain Stake.com used to have an exchange for exchanging coins which we thought was more comfortable to use for gambling but unfortunately I forgot the name of the exchange a little.

It was Coinswitch, and from what I remember, their service was one of the best since the rates you get are coming from the big exchanges.

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.

Instead of an exchange, they should introduce a feature that Duelbits currently have and give the gamblers the option to pick any crypto to withdraw from.

ethereumhunter

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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.

shogun47

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Quote from: danherbias07 on June 04, 2023, 02:20:10 AM

Quote from: Yogee on June 03, 2023, 10:48:22 PM

Quote from: shogun47 on June 03, 2023, 10:34:04 PM

[.....]
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.

That would be nice. The best policy on this would be to give their customers the freedom to choose whatever fees they want and also give them the option to replace or bump it if it's lower than the network's standard rate. I just don't think that the casino or any hired third party wallet provider would be willing to put that extra work or effort.

Or best pick online casinos and sports bookies that use a pool instead of a direct one transaction. It may be faster but the transaction fees are way far than how it is with a pool and as I used Stake.com, I know they are using that method which is why they only charge 7k satoshis for each transaction. The transaction will take like 10-20 minutes but that's fair enough considering how cheap it is.
I'd suggest to OP to just leave whatever platform he is using because, in the long run, it could hurt your wallet if you compute the total amount you spend by just the transaction fees. It sure is robbery and I am done with the gambling sites that have that kind of expensive fees.
I remember before, Yobit (an exchange with a dice game inside) has 50k satoshis charge for each withdrawal. I took off and just use another gambling site instead.

That is what I do as well but how do you know whether they charge you per pool or per single transaction? You could only try but in general I think I would prefer to avoid casinos that think they have to charge you a fee of almost 15 dollars when you withdraw even when the transaction fees went down again. This is what some of them do and I check it before and then decide which casino I use because the odds for sports betting are sometimes tempting on the expensive casinos, but not worth it because of the high fees.

danherbias07

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Quote from: Yogee on June 03, 2023, 10:48:22 PM

Quote from: shogun47 on June 03, 2023, 10:34:04 PM

[.....]
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.

That would be nice. The best policy on this would be to give their customers the freedom to choose whatever fees they want and also give them the option to replace or bump it if it's lower than the network's standard rate. I just don't think that the casino or any hired third party wallet provider would be willing to put that extra work or effort.

Or best pick online casinos and sports bookies that use a pool instead of a direct one transaction. It may be faster but the transaction fees are way far than how it is with a pool and as I used Stake.com, I know they are using that method which is why they only charge 7k satoshis for each transaction. The transaction will take like 10-20 minutes but that's fair enough considering how cheap it is.
I'd suggest to OP to just leave whatever platform he is using because, in the long run, it could hurt your wallet if you compute the total amount you spend by just the transaction fees. It sure is robbery and I am done with the gambling sites that have that kind of expensive fees.
I remember before, Yobit (an exchange with a dice game inside) has 50k satoshis charge for each withdrawal. I took off and just use another gambling site instead.

avp2306

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Quote from: len01 on June 04, 2023, 12:30:44 AM

Quote from: pawanjain on May 25, 2023, 11:04:45 AM

Quote from: Taskford on May 21, 2023, 08:30:57 AM

Quote from: len01 on May 21, 2023, 03:27:37 AM

Quote from: pawanjain on May 20, 2023, 10:54:07 AM

That's a good option for sites which has an in-house exchange from one coin to another.
There are some gambling sites which doesn't have an in built exchange and we can only withdraw the coin to the same network.
In such situations the problem persists and I think the only solution is to find an alternative platform which serves your needs.

gambling sites that provide internal exchange on the site are very interesting and good because it makes it easy for customers to be able to change their coins at any time.
but the problem is the fee when wanting to exchange with the coin itself will be expensive or will only give the generosity of a small fee. if the fees for exchanging expensive coins are the same as withdrawing funds from sites with high fees.
and you are right that choosing a site that suits our own will be much better.

If they add this exchange feature on their platform then it will be the best feature they have knowing how big the convenience it could being to their gamblers. But no gambling sites offer this since.maybe they find this one hard to handle this feature. I think fees are not the big issue with this since provably casino doubt to implement maybe due to legal matters or they think exchange and gambling have big difference then not good to add on a casino platform.

I am not sure if there are many sites that has this feature but I do know one which is a very reputed gambling site.
BC.GAME has an internal swap called as BC Cwap which lets users swap their coins for other coins.

@Taskford yes maybe you are right that there is a possibility that the gambling party does not add an internal exchange feature in the gambling which has several limitations such as if the gambling provides an exchange in it it will make the gambler not focus on gambling or maybe the gambling party is afraid if there will be other things that can burden damage to this gambling.

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.

len01

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Quote from: pawanjain on May 25, 2023, 11:04:45 AM

Quote from: Taskford on May 21, 2023, 08:30:57 AM

Quote from: len01 on May 21, 2023, 03:27:37 AM

Quote from: pawanjain on May 20, 2023, 10:54:07 AM

That's a good option for sites which has an in-house exchange from one coin to another.
There are some gambling sites which doesn't have an in built exchange and we can only withdraw the coin to the same network.
In such situations the problem persists and I think the only solution is to find an alternative platform which serves your needs.

gambling sites that provide internal exchange on the site are very interesting and good because it makes it easy for customers to be able to change their coins at any time.
but the problem is the fee when wanting to exchange with the coin itself will be expensive or will only give the generosity of a small fee. if the fees for exchanging expensive coins are the same as withdrawing funds from sites with high fees.
and you are right that choosing a site that suits our own will be much better.

If they add this exchange feature on their platform then it will be the best feature they have knowing how big the convenience it could being to their gamblers. But no gambling sites offer this since.maybe they find this one hard to handle this feature. I think fees are not the big issue with this since provably casino doubt to implement maybe due to legal matters or they think exchange and gambling have big difference then not good to add on a casino platform.

I am not sure if there are many sites that has this feature but I do know one which is a very reputed gambling site.
BC.GAME has an internal swap called as BC Cwap which lets users swap their coins for other coins.

@Taskford yes maybe you are right that there is a possibility that the gambling party does not add an internal exchange feature in the gambling which has several limitations such as if the gambling provides an exchange in it it will make the gambler not focus on gambling or maybe the gambling party is afraid if there will be other things that can burden damage to this gambling.

@pawanjain Stake.com used to have an exchange for exchanging coins which we thought was more comfortable to use for gambling but unfortunately I forgot the name of the exchange a little.

Yogee

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Quote from: shogun47 on June 03, 2023, 10:34:04 PM

[.....]
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.

That would be nice. The best policy on this would be to give their customers the freedom to choose whatever fees they want and also give them the option to replace or bump it if it's lower than the network's standard rate. I just don't think that the casino or any hired third party wallet provider would be willing to put that extra work or effort.

shogun47

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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.

LUCKMCFLY

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Quote from: jostorres on May 19, 2023, 03:40:32 PM

Quote from: Davidvictorson on May 18, 2023, 02:41:22 PM

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

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.

I noticed on some casinos that they are trying to take advantage of the bitcoin situation but the I wouldn't blame them. I would blame the gambler who returns to them over and over again when they have other options. I also understand that casinos use this fees to offset some their their costs such as operational costs, and also for processing withdrawals. You may want to reach out to their customer care agents to get clarifications and inquire what your other options may be.

I don't think that they charge more fees so that they can use this money for their operational costs since they already earn enough revenue to cover that with the money they are getting as profit when gamblers lose. If they use this excuse in front of their players that they are using the extra money they charge as fees for operational costs of the platform then it is a very lame excuse, to be honest.

They should be transparent and straightforward with these things, if they are really running short on revenue and using this method to cover the costs then they need to let their players know about it so that they understand the situation and either decide to stay or leave for another casino with lower fees.

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.

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Quote from: Finestream on May 19, 2023, 02:26:01 PM

Yes, those casinos are clearly taking advantage of us as much as they can. It only proves that they are not worth to play and cannot be trusted. That’s the reason why we need to be careful in choosing for an online casino, the one that is more secured and is proven to give customer support rather than luring its customers with high gas fees. Robbery is always bad, so we should learn to avoid online casinos that is clearly practicing this negative treatment towards its players or users.

Online gambling sites do not run a business in this way, for operational costs they already have special funds to run gambling sites and the reason for increasing the burden of operational costs from customers is the wrong pattern. In my opinion, companies that undergo a business on gambling sites will not do such things if you already have a good reputation as one of the trusted gambling sites, maybe the obstacle is because the bitcoin transaction costs are much higher, but when returning to normal as usual will be adjusted, maybe?

Other options may be able to choose a network that can be adjusted to the lower costs, for example using altcoin so that costs can be a little cheaper that can be adjusted, in this way we must recognize whether gambling sites provide deposit or withdrawal options using more features, so that when faced with With problems like this the we has the necessary options.

Topic: Things that still make feel awkward with some online casinos - page 3. (Read 1002 times)