Things that still make feel awkward with some online casinos - page 4.

tusandii

hero member

Activity: 1540

Merit: 521

Leading Crypto Sports Betting & Casino Platform

Quote from: royalfestus on May 27, 2023, 05:03:37 PM

Quote from: Pierre 2 on May 16, 2023, 05:17:43 AM

I honestly observe this with many different crypto websites not even casinos. Some companies try to gain extra money through transactions. I also think its very close to robbery. Online casinos can generate huge amount of money through players/gamblers anyways. I think low fees promote usage anyways. I find it very awkward and disruptive. I think casinos should not treat their customers as cows that they will milk money away.

Do gambling sites consider advice or suggestions?

Gambling sites may consider suggestions given by gamblers in the forums because they also have representatives here who can provide feedback or suggestions from gamblers to other teams that manage casinos.

Quote

Perhaps they could explore alternative blockchains with lower transaction fees or utilize stable coins from different blockchains. Neglecting to embrace features that make it easier for customers to access their services or products seems unwise.

What do you mean by exploring alternative blockchains with lower transaction fees or using stable coins from different blockchains?
Transaction fees depend on the withdrawal process and the token and network used by the gambler. If gamblers make withdrawals using Bitcoin values, it is clear that the fees are high.
It seems that you don't really understand what @Pierre 2 conveyed.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: royalfestus on May 27, 2023, 05:03:37 PM

Quote from: Pierre 2 on May 16, 2023, 05:17:43 AM

I honestly observe this with many different crypto websites not even casinos. Some companies try to gain extra money through transactions. I also think its very close to robbery. Online casinos can generate huge amount of money through players/gamblers anyways. I think low fees promote usage anyways. I find it very awkward and disruptive. I think casinos should not treat their customers as cows that they will milk money away.

Do gambling sites consider advice or suggestions? Perhaps they could explore alternative blockchains with lower transaction fees or utilize stable coins from different blockchains. Neglecting to embrace features that make it easier for customers to access their services or products seems unwise.

The casino should be able to consider the advice and maybe implement it if it provides an opportunity for the casino to grow even better. But I think each casino will provide the best for its users, except for casinos that only want their users' money. Such a casino would not consider any suggestions from its members but should be prepared if its users decide to leave its casino one day. It will bankrupt the casino and close its casino because there is no support from its users. It may already be the case for the new casinos just launched.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: fullhdpixel on May 27, 2023, 07:29:55 AM

Quote from: pawanjain on May 25, 2023, 12:04:45 PM

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.

Are they allowed to do that? I thought their licensing firms don't allow them to have things like that. I remember maybe a month or so ago, a casino was facing issues because their license was expired and they were providing some kind of trading opportunity on their platform for their gamblers, and it was being discussed on the forum.

Casinos need to stay with what they are supposed to offer and don't go out of context because that can obviously be an issue for them in the long run, it is not really worth getting your business closed only to get a little more profit.

Yes they are. What's the problem in doing that anyway ?

We do need to get the required approvals but once done, I don't think there are any such major issues in having a swap feature on a casino site.
BC.GAME has been running it smoothly and it provides more flexibility in gambling.

royalfestus

hero member

Activity: 2436

Merit: 516

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: Pierre 2 on May 16, 2023, 05:17:43 AM

I honestly observe this with many different crypto websites not even casinos. Some companies try to gain extra money through transactions. I also think its very close to robbery. Online casinos can generate huge amount of money through players/gamblers anyways. I think low fees promote usage anyways. I find it very awkward and disruptive. I think casinos should not treat their customers as cows that they will milk money away.

Do gambling sites consider advice or suggestions? Perhaps they could explore alternative blockchains with lower transaction fees or utilize stable coins from different blockchains. Neglecting to embrace features that make it easier for customers to access their services or products seems unwise.

bitgolden

legendary

Activity: 2842

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: fullhdpixel on May 27, 2023, 07:29:55 AM

Quote from: pawanjain on May 25, 2023, 12:04:45 PM

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.

Are they allowed to do that? I thought their licensing firms don't allow them to have things like that. I remember maybe a month or so ago, a casino was facing issues because their license was expired and they were providing some kind of trading opportunity on their platform for their gamblers, and it was being discussed on the forum.

Casinos need to stay with what they are supposed to offer and don't go out of context because that can obviously be an issue for them in the long run, it is not really worth getting your business closed only to get a little more profit.

I think license issue is not that important for some of the biggest names, it's more about having separate entities and yet still having the same webpage. I am not going to tell which one it is, but one of the companies are very very against the law in one nation, and yet they can sponsor a team there.

Well, they have another company registered there with the same logo, so that means when they sponsor, it looks like the legit one with the same logo sponsors them, but the bad one is the one that gets the attention, we all know what they are doing there, it's just a trick but that trick is allowed so it's fine, nothing wrong with that at the moment. I believe that the same could be done for any company if the license ever caused any trouble.

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: pawanjain on May 25, 2023, 12:04:45 PM

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.

Are they allowed to do that? I thought their licensing firms don't allow them to have things like that. I remember maybe a month or so ago, a casino was facing issues because their license was expired and they were providing some kind of trading opportunity on their platform for their gamblers, and it was being discussed on the forum.

Casinos need to stay with what they are supposed to offer and don't go out of context because that can obviously be an issue for them in the long run, it is not really worth getting your business closed only to get a little more profit.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: Taskford on May 21, 2023, 09:30:57 AM

Quote from: len01 on May 21, 2023, 04:27:37 AM

Quote from: pawanjain on May 20, 2023, 11:54:07 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

hero member

Activity: 2520

Merit: 783

Quote from: len01 on May 21, 2023, 04:27:37 AM

Quote from: pawanjain on May 20, 2023, 11:54:07 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.

len01

hero member

Activity: 1330

Merit: 585

Leading Crypto Sports Betting & Casino Platform

Quote from: pawanjain on May 20, 2023, 11:54:07 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.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: piebeyb on May 20, 2023, 10:59:03 AM

not many casinos do that automatically and change transaction fees in real time, not only that even big exchange sites like binance just can't do it in real time often profit from user transaction fees whereas transaction fees are very cheap at that time, casinos that doing in real time it's not much and only big casinos.

Small casinos don't even care about stealing transaction fees from their users, as long as it's profitable for the casino that's fine for them, but problematic for us active gamblers who want to withdraw our money from the casino. Just a suggestion, gamblers should look at the withdrawal transaction costs before making a deposit to measure their ability to withdraw.

Maybe not real time but they can change it by changing the codes in the withdrawal section. I also do not know how but I think like that. Yes, both casino sites and exchanges benefit more from increasing their fees. However, let's think that the profits from those fees will be used to improve their services to provide satisfactory service to their members.

I think all businesses will be like that except for casinos which have no intention of providing satisfactory service to their members because all they think about is getting benefits from their members. And if you don't want to pay those fees, you should check the fees first and if the fees are still high, you can hold off on making the transaction.

AicecreaME

sr. member

Activity: 2380

Merit: 454

It's really a pain in the ass to the players whenever the transaction fee for deposit and withdrawal hits sky high. Sometimes the transaction fees are just unacceptable in a manner that there's a huge price gap between the usual one and the fee that the casino website is asking you for. Hence, it's really important to always check first before depositing and betting. It will be a loss on your end if you want to withdraw then suddenly you just find out that the fee for it is even close to your amount to be withdrawn, how unfortunate right? With this, you might want to check it beforehand to avoid the hassle and the disappointment later on.

I really do hope that casinos will be able to address this issue once and for all since it's been a recurring concern of most players. After all, it's for the benefit of both parties and not just on the side of the gambler. Better service, more people to become a patron.

Hispo

legendary

Activity: 1162

Merit: 2025

Leading Crypto Sports Betting & Casino Platform

I have also noticed that some online casinos have not addressed the issue of withdrawval fees, they seem to be doing the same some exchanges do and charge over estimating the cost of the network, for the sake of speed.

Honestly, it would not be so difficult to solve, all it takes is some specialized software which would allow to stockpile withdrawvals and then send them out in bulk with a proper fee, which is not need for it to be exaggerated.

Such mechanism would need someone checking the transaction manually to rule out any glitch or hack attempt, though.

Perhaps that is the biggest obstacle, since casinos and Exchanges give more emphasis to security.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: KiaKia on May 20, 2023, 11:18:30 AM

There is one thing I know about online gambling deposits and withdrawals, you don't have to use Bitcoin by force, if Bitcoin transaction fee is too high you can go with altcoins, it shouldn't matter to you since you are planning to gamble with the money..

If you plan to withdraw in BTC from a online casino and the fee is too high you can still use another withdrawal option like altcoins too or in USD if you care less about privacy, some online casinos do have high gas fee like you said but once you find them out you can avoid them.

The reason we decide to gamble on a particular online casino is because of the fun and experience, if I am satisfied with the functionality of a online casino and it has high withdrawal fee I will choose to stay so far they have other ways that I can use for withdrawal.

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.

molsewid

hero member

Activity: 2170

Merit: 530

Quote from: Outhue on May 16, 2023, 05:13:15 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.

Hmmm maybe they just want to add extra more fee so that when the market price goes pump they will not have any problem but when it dumps they will get more profit . They also do that in order for them to get more profit to their gamblers but it is unfair of course, so the thing is we need to deposit enough amount and then withdraw amount that is bigger so that fee will not be too painful.

KiaKia

sr. member

Activity: 714

Merit: 388

There is one thing I know about online gambling deposits and withdrawals, you don't have to use Bitcoin by force, if Bitcoin transaction fee is too high you can go with altcoins, it shouldn't matter to you since you are planning to gamble with the money..

If you plan to withdraw in BTC from a online casino and the fee is too high you can still use another withdrawal option like altcoins too or in USD if you care less about privacy, some online casinos do have high gas fee like you said but once you find them out you can avoid them.

The reason we decide to gamble on a particular online casino is because of the fun and experience, if I am satisfied with the functionality of a online casino and it has high withdrawal fee I will choose to stay so far they have other ways that I can use for withdrawal.

Hypnosis00

sr. member

Activity: 2338

Merit: 338

Quote from: o48o on May 19, 2023, 03:51:22 PM

Quote from: Outhue on May 16, 2023, 05:13:15 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.

In short, they are charging you more because you are using them. But when mempool is full, it's just practical to put more money for fees so you'll get them faster. This used to be a problem mainly with exchange withdraw fees. And still is going to be depending on the mempool.

But there are casinos that charge basically nothing compared to your experience so feel free to shop around. Stake gets my vote with 7k sats btc fee.

They were supposed not to be doing that way, that was robbery on the gambler's side. Even if they are using the said platform, they should not the network congestion as an excuse to charge the gambler otherwise, that casino should be ignored. Of course, I don't have to stick to such a platform when I know they are overcharging and milking me. Maybe if that is just an option to fasten our transaction, that can be considered but if not, that is something we need to know more about. Maybe $2 is a little bit acceptable but for $5, that seems unfair.

piebeyb

legendary

Activity: 2296

Merit: 1038

Leading Crypto Sports Betting & Casino Platform

Quote from: ethereumhunter on May 20, 2023, 07:45:21 AM

Quote from: Finestream on May 19, 2023, 03:26:01 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.

But it could be that the casino charges its members more when the members want to withdraw their money. This is because the transaction fees on the network have also increased, making casinos have to increase their transaction fees. And usually, there will be a notification from the casino that they are increasing the transaction fee due to the network's increased fees. Hence, the casino has to adjust the fees accordingly. Once the fees are back to normal, the casino will also notify its members that the fees are back to normal and have been reduced.

not many casinos do that automatically and change transaction fees in real time, not only that even big exchange sites like binance just can't do it in real time often profit from user transaction fees whereas transaction fees are very cheap at that time, casinos that doing in real time it's not much and only big casinos.

Small casinos don't even care about stealing transaction fees from their users, as long as it's profitable for the casino that's fine for them, but problematic for us active gamblers who want to withdraw our money from the casino. Just a suggestion, gamblers should look at the withdrawal transaction costs before making a deposit to measure their ability to withdraw.

Cling18

full member

Activity: 1708

Merit: 126

Quote from: Doan9269 on May 20, 2023, 08:07:28 AM

Quote from: serjent05 on May 19, 2023, 05:27:02 PM

Quote from: Outhue on May 16, 2023, 05:13:15 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.

That is cheating their players. I am glad that I am playing in Stakes, during the surge of transaction fees, Stake does not change their withdrawal fee. They are still charging with less than $2 while the blockchain fee is more than $20.

Quote from: Outhue on May 16, 2023, 05:13:15 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.

Casinos' other source of earnings is their withdrawal processing fees. So it is not surprising that many casinos are charging their player way more than the blockchain transaction fee. It is their opportunity to earn from their service so they will take that opportunity.

On the common way, casinos don't have that kind of high transaction fees like that experience with exchanges, but if one comes across any that is taking an abuse on such, then it's better to try other recommendations because they may be taking advantage on others in that while everything had gone down to a bearable limit, which measn we must be very sure we are using a trusted casino and can also track the mempool to know the current fee on transaction and see if they are making an additional fee or not from their own end.

Based on my experience, large transaction fees are only present during mempool congestion, when all platforms are experiencing high fees. However, I did not experience any abuse of their transaction fees, either for deposits or withdrawals, at the reputable casinos I have been playing at. I suppose it all depends on the casino, and if you keep running into this issue, you might choose to switch to another trustworthy casino that just charges minimal transaction costs.
You don't always have to deal with excessive transaction costs because there are many reliable casino sites to select from. We should do rid of the casinos that are actually taking advantage of transaction fees and profiting from them rather than having to pay for every transaction.

Doan9269

hero member

Activity: 812

Merit: 560

Quote from: serjent05 on May 19, 2023, 05:27:02 PM

Quote from: Outhue on May 16, 2023, 05:13:15 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.

That is cheating their players. I am glad that I am playing in Stakes, during the surge of transaction fees, Stake does not change their withdrawal fee. They are still charging with less than $2 while the blockchain fee is more than $20.

Quote from: Outhue on May 16, 2023, 05:13:15 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.

Casinos' other source of earnings is their withdrawal processing fees. So it is not surprising that many casinos are charging their player way more than the blockchain transaction fee. It is their opportunity to earn from their service so they will take that opportunity.

On the common way, casinos don't have that kind of high transaction fees like that experience with exchanges, but if one comes across any that is taking an abuse on such, then it's better to try other recommendations because they may be taking advantage on others in that while everything had gone down to a bearable limit, which measn we must be very sure we are using a trusted casino and can also track the mempool to know the current fee on transaction and see if they are making an additional fee or not from their own end.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: Finestream on May 19, 2023, 03:26:01 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.

But it could be that the casino charges its members more when the members want to withdraw their money. This is because the transaction fees on the network have also increased, making casinos have to increase their transaction fees. And usually, there will be a notification from the casino that they are increasing the transaction fee due to the network's increased fees. Hence, the casino has to adjust the fees accordingly. Once the fees are back to normal, the casino will also notify its members that the fees are back to normal and have been reduced.

Topic: Things that still make feel awkward with some online casinos - page 4. (Read 949 times)