That was the norm before. 20k - 50k satoshis, I experienced before and so I left that gambling site. If you see then just leave them, you always have a choice. About their high transaction fees, I think it's because they are not using a pool. Sure, it's faster but it ain't cheaper. But if they are charging lower tx fees before and got higher just because of recent events, then you might as well wait for their maintenance so they can fix it back.
For other gambling sites, it sure is a robbery, you might as well pick reputable ones that have lesser transaction fees.
Stake.com is one of the gambling sites that charge less fees. 7k satoshis for Bitcoin at each withdrawal. If you want, you could just use their service instead.
Topic: Things that still make feel awkward with some online casinos - page 9. (Read 949 times)
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.
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.
You can always check the bitcoin transaction fee checker so that you may know the current status of the network and current recommended fees set. But you can also check if the casino set the high withdrawal fee as default since maybe they do it on purpose to make sure that each transaction will be sent more faster to the owners wallet. But also you can ask the casino representative directly about that since they can explain to you about the fees they set.
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.
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.
It's true that withdrawal fees are quite high at casinos, that's probably their strategy go try and convince gamblers to leave their money at the casino and not withdraw immediately after a win. To me it doesn't feel like robbery because the casino also needs some support staff to verify withdrawal request. As long as we know about the high fees before hand there is not an issue as we can factor it in. I still don't feel comfortable of leaving large sums of money at the casino and will rather take it out even with a high withdraw fee. When signing up at a new casino I think it's possible to check out the withdrawal process and it also depends on the type of transaction we choose. I noticed that it's usually the cheapest to withdraw our money in the same way we deposit it.
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.
Only casinos with bad management and practice will do this. Casino's with good management and practice will always want to make sure that they keep things normal for their customers and not extort them with any opportunity they have. Any casino that is identified as doing this cannot be trusted and I will advice anybody gambling on these casinos should immediately withdraw and seek a better and more customer considering casino. 
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.
Can you mention the casinos that you saw high withdraw for altcoins? If you think that bitcoin withdrawal is high, you can be using altcoins that has low fee, like litecoin and Tron which I have seen on many gambling site to have a low fee. Also USDT on Tron network and on some other networks has a cheap withdrawal. 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.
If you check exchanges, most of them increased their bitcoin withdrawal fee. Taking Binance as an example, the exchange increased the fee from 0.0002 BTC to 0.001 which is far higher than $5 with the recent price of bitcoin. Only the exchange that I am using that is better with very low fee is OKX and the lowest the exchange charges recently that I know is 0.00016 BTC which is more than $4. Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ 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.
Some hot wallets need to be updated to fit in the current demand as relate to transactions, not only in casino but even some exchanges have fixed fees that are relatively higher than the regular blockchain fees, and these fees charges regardless of network conditions make it hard to use some of that platform so best practices are. 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.
Always check the withdrawal fees before making your first deposit, and be sure of what amount you pay for fees at the point of withdrawal.
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.
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.
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.
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