Transactions Fees x Gambling - page 7.

Mahdirakib

legendary

Activity: 1946

Merit: 1026

In Search of Incredible

Quote from: cabalism13 on April 09, 2021, 05:14:40 PM

That's cool, though I really thought these kind of alts uses the same network as the others, would likely to try this Litecoin for a while now as I think as it leaves me no better option than this.
I'll check my accounts on Gambling platforms as I usually play on FJ and currently that mwplay88 whether they hold such option to use.

Most of the gambling site gives priority to those coins which have their own network. And those other coins require less transaction fee and the tx gets confirmation quickly too. Only BTC and ETH network charge high fee now, even the transaction takes longer time to be confirmed. Beside LTC you can use TRX & DOGE. Both of these coin have cheaper fee and available at FJ.

fiulpro

hero member

Activity: 1862

Merit: 830

I understand what you are saying this is extremely problematic. But there are sites which are not only providing the users a chance to choose their Withdrawal fee but at the same time it's nominal. The deposit fee is more or so same everywhere. But I do prefer to play in casinos with low withdrawal charges like Roobet , it's fast also. If we are depositing a amount or even withdrawing when there is no way what I usually do is , get in touch with my friends who are also planning on withdrawal or deposits and then we do it together and then we can just tip the user and then they can play the bet ... This reduces the amount considerably. But then again it won't work on every site. I do think Gambling sites do need to take care of this issue really fast. You can try doing this if possible.

panjul07

legendary

Activity: 3500

Merit: 1354

Damn 0.018eth for the fee? I thought my local exchange has the highest eth withdrawal fee (0.01eth) but this topic tells me that there is another service charges higher eth fee.
If you are a regular gambler, I suggest you to use other eth wallets or at least play with other coins with cheaper fee.

Jemzx00

hero member

Activity: 1498

Merit: 547

Pugs are the best!

There are currently various gambling casino that offers others crypto other than bitcoin and ethereum on their platform. You can check and try them out and deposit with the most convenient crypto and the least fee you can find.

If the gambling casino that you want to play to doesn't offer other crypto other than bitcoin and ethereum then you might as well lower the fees which is an option on the wallet that you are using which is metamask. It might take longer to process but the fee won't be as high. Same goes to bitcoin.

Also, based on the image you've posted, it came from coins wallet which is ,for me, has one of the highest fees when transferring. I suggest you don't use that wallet for transferring crypto and only use it for withdrawal.

LGD2Business

legendary

Activity: 2548

Merit: 1519

I make bets with cheap coins such as DOGE or TRX. It feels like you are getting robbed when you use ETH network. BTC is also not a good option to make bets. XRP can also be used, it depends on which website you use to make bets. Check out supported coins and choose the cheapest one.

freedomgo

legendary

Activity: 3248

Merit: 1160

Fully Regulated Crypto Casino

Quote from: Chato1977 on April 10, 2021, 09:46:31 AM

Quote from: freedomgo on April 10, 2021, 09:40:22 AM

Quote from: madnessteat on April 10, 2021, 08:42:10 AM

I try not to transfer funds from MEW to gambling sites precisely because of high commissions. If I need to send ETH I send it from crypto exchange FTX with 0.001 ETH fee, and to the exchange itself I send funds through USDT TRC-20.

That's only 2 usd at the present price, not bad for ETH transaction.

I guess I'll check this exchange, I have not use this before, the fee is really cheap compared to other exchanges, so it's a great help for gamblers with small bankroll.

In our situation now having 2$ as transaction fee in Ethereum and Bitcoin network will be very very Low and must be thankful.

I have experienced already having more than 20$ fee in almost the same amount as the fee lol Cheesy

Some exchanges are just overcharging on fees, they are way higher than the actual network fee, when using my Electrum wallet, I'm paying like $2 to $4 transaction fee and it I get a decent confirmation time already, but in some exchanges, you'll have to pay BTC0.0005 or BTC0.001 fix.

Vaskiy

legendary

Activity: 2646

Merit: 1106

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

That's a huge fee. With the current price of ethereum, the transaction value seems to be $215 worth of ETH. For the $215 worth of ETH the fee is around $40. This is really high. One fifth of the amount getting charged as transaction, over the past few months the ETH network fee is quite high and we don't know how things gonna change. As of now it is always good to hold ETH on platforms where we've got swapping access. With swapping the fee seems to be low than ETH gas fee.

Chato1977

member

Activity: 1162

Merit: 58

Quote from: freedomgo on April 10, 2021, 09:40:22 AM

Quote from: madnessteat on April 10, 2021, 08:42:10 AM

I try not to transfer funds from MEW to gambling sites precisely because of high commissions. If I need to send ETH I send it from crypto exchange FTX with 0.001 ETH fee, and to the exchange itself I send funds through USDT TRC-20.

That's only 2 usd at the present price, not bad for ETH transaction.

I guess I'll check this exchange, I have not use this before, the fee is really cheap compared to other exchanges, so it's a great help for gamblers with small bankroll.

In our situation now having 2$ as transaction fee in Ethereum and Bitcoin network will be very very Low and must be thankful.

I have experienced already having more than 20$ fee in almost the same amount as the fee lol Cheesy

Quote from: Hypnosis00 on April 10, 2021, 07:55:16 AM

Using coins.ph is not a good idea, there's an XRP in the wallet as a choice, why not use XRP instead, I guess some gambling sites like bitsler are accepting XRP for deposit, I'm not sure what games do you like to play, but if you want to get ride of high fees, always use altcoins with huge supply.

Why Said not a Good idea using Coins.ph wallet when there is an XRP on there? i think best to say is "Using Ethereum or Bitcoin In Coins.ph wallet" is not a Good Idea, Better Rephrase that part.

freedomgo

legendary

Activity: 3248

Merit: 1160

Fully Regulated Crypto Casino

Quote from: madnessteat on April 10, 2021, 08:42:10 AM

I try not to transfer funds from MEW to gambling sites precisely because of high commissions. If I need to send ETH I send it from crypto exchange FTX with 0.001 ETH fee, and to the exchange itself I send funds through USDT TRC-20.

That's only 2 usd at the present price, not bad for ETH transaction.

I guess I'll check this exchange, I have not use this before, the fee is really cheap compared to other exchanges, so it's a great help for gamblers with small bankroll.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: Becky666 on April 10, 2021, 07:34:34 AM

Quote from: cabalism13 on April 09, 2021, 03:17:55 PM

Hey guys, I was wondering on how do you fund your Gambling Account if we currently have high fees on ERC20 and Bitcoin?

The best option here if this are the only coins in your holdings is searching for a gambling platform that accept other altcoins rather than the ETH or bitcoin, by so doing you can swap these ETH ot BTC to your wanted or available atcoins in the platform which will save fee. These two mentioned coins aren't in my list of gambling out becasue of their potentials in future, i have regretted my actions before now and won't afford another.

^ We know that these two leading coins are having very high fees upon having transaction and I am sure OP was aware of this, plus another factor if you will use a custodial wallet, you can not lower the fees instead, it will add more fees. Probably there is nothing we can do here is to avoid these two leading cryptocurrencies' use, if there is a fiat option or either other altcoins to use is much better, TRX or XRP still the best for any transaction even it is a microtransaction. I think OP is not new in the crypto space and there too many alternatives if OP really wants to.

madnessteat

legendary

Activity: 2310

Merit: 2073

I try not to transfer funds from MEW to gambling sites precisely because of high commissions. If I need to send ETH I send it from crypto exchange FTX with 0.001 ETH fee, and to the exchange itself I send funds through USDT TRC-20.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: Hypnosis00 on April 10, 2021, 07:55:16 AM

Using coins.ph is not a good idea,

not a good idea because this wallet is a custodial wallet but i think choosing different wallet will not lower the fee if you use eth .

Quote

there's an XRP in the wallet as a choice, why not use XRP instead, I guess some gambling sites like bitsler are accepting XRP for deposit, I'm not sure what games do you like to play, but if you want to get ride of high fees, always use altcoins with huge supply.

xrp is a risky coin and op edit his post . his funds are in his metamask and he dont have a gas and eth is the only coin that is needed to have a gas .

op , your promoting a gambling site but is this the crypto site you use to play ? you can use your gambling accounts deposit address . to save fees

Hypnosis00

sr. member

Activity: 2436

Merit: 343

Using coins.ph is not a good idea, there's an XRP in the wallet as a choice, why not use XRP instead, I guess some gambling sites like bitsler are accepting XRP for deposit, I'm not sure what games do you like to play, but if you want to get ride of high fees, always use altcoins with huge supply.

Becky666

full member

Activity: 756

Merit: 231

Quote from: cabalism13 on April 09, 2021, 03:17:55 PM

Hey guys, I was wondering on how do you fund your Gambling Account if we currently have high fees on ERC20 and Bitcoin?

The best option here if this are the only coins in your holdings is searching for a gambling platform that accept other altcoins rather than the ETH or bitcoin, by so doing you can swap these ETH ot BTC to your wanted or available atcoins in the platform which will save fee. These two mentioned coins aren't in my list of gambling out becasue of their potentials in future, i have regretted my actions before now and won't afford another.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: Hippocrypto on April 10, 2021, 07:21:49 AM

Quote from: jrrsparkles on April 10, 2021, 02:23:39 AM

Due to the insane transaction fees, gambling sites are adopting more altcoins into their platform and one of the most added cryptos in the recent time is DOGE so if you don't want to gamble with your fiat then buy DOGE with your fiat money on any accepted exchange then move the funds to your gambling accounts and all the cost will be less than $2.

These days that rising fees is very worst as expected, I think altcoins to be used for funds transfers is really a good alternative. DOGE is a good coin, but I wanted to recommend for everybody that xrp and other promising coins will be added to their selections.
On that idea, altcoins market would also soar higher and generate more worthiness for everybody who owns those coins.

Many are so skeptical about xrp since many says that this is not a coin. But to be honest I'm xrp user so far it really save me some fees brought by other top alts thats why I'd rather select this to be added on casino next to doge since its really take less fees everytime we do on depositing or even in withdrawals.

Hippocrypto

sr. member

Activity: 1484

Merit: 277

Quote from: jrrsparkles on April 10, 2021, 02:23:39 AM

Due to the insane transaction fees, gambling sites are adopting more altcoins into their platform and one of the most added cryptos in the recent time is DOGE so if you don't want to gamble with your fiat then buy DOGE with your fiat money on any accepted exchange then move the funds to your gambling accounts and all the cost will be less than $2.

These days that rising fees is very worst as expected, I think altcoins to be used for funds transfers is really a good alternative. DOGE is a good coin, but I wanted to recommend for everybody that xrp and other promising coins will be added to their selections.
On that idea, altcoins market would also soar higher and generate more worthiness for everybody who owns those coins.

jrrsparkles

sr. member

Activity: 2492

Merit: 277

Hire Bitcointalk Camp. Manager @ r7promotions.com

Due to the insane transaction fees, gambling sites are adopting more altcoins into their platform and one of the most added cryptos in the recent time is DOGE so if you don't want to gamble with your fiat then buy DOGE with your fiat money on any accepted exchange then move the funds to your gambling accounts and all the cost will be less than $2.

agustina2

legendary

Activity: 2436

Merit: 1008

Try to find a local user where you can ask for an internal exchange. Based on the screenshot, it was coins.ph exchange where there is an internal transfer feature between their users. Your coins.ph fees to their gambling site funds.

The gambling site should also have an internal transfer feature like Betnomi, Stake, etc.

Definitely, no fees but the downside is if there's someone willing to make a trade on locals regarding that.

ralle14

legendary

Activity: 3290

Merit: 1901

Shuffle.com

I also had issues with the fees back then as gambling sites kept the high fees but as of now not so much since there's a few gambling sites that credits deposit instantly like sportsbet for example and provide free withdrawal fees. If you can find other gambling sites that have instant deposits you'll save a lot on the fees and not worry about using an exchange. If I really prefer to play on a site that requires a confirmation then i'll go for a better exchange like Binance to convert my bitcoins for better rates or use an instant exchange similar to coinswitch so it's immediately sent to my gambling account in one go.

peter0425

sr. member

Activity: 2618

Merit: 439

This has been My problem last year that's Why i decided to maintain a USDT funds in Binance so once i need funds to transfer in my gambling wallet i can easily convert to other altcoin aside from Bitcoin and ETH .

try to maintain funds in exchange from now on Mate, this will make you ready at anytime you needed funds to play.

Topic: Transactions Fees x Gambling - page 7. (Read 1416 times)