What withdrawal fee do you consider as fair in gambling sites? - page 5.

jakoylantern

full member

Activity: 560

Merit: 107

Quote from: alexrossi on August 25, 2019, 02:53:15 PM

Personally I prefer the primedice approach: fixed low fee and in case of clogged mempool the site "take the hit".

I also accept a dynamic fee based on mempool state, or a priority approach (pay more if you are in a hurry)

What I do not consider fair is when only a huge fixed fee is proposed, like 0.001 BTC. That really discourage crypto gambling in my opinion.

For me, the withdrawal fee that I consider fair about to 0.0002 BTC below, but depends on the traffic and adjustment of the sites. Now new gambling sites are adjustable on their payout system because of the traffic on the blockchain. But it thinks 0.001 BTC of a VIP withdrawal fee will be fair, like in the regular casino if you are high roller your costs and exchange is different than others or like choosing your transaction payout speed that will depend on the level of fee.

darklus123

hero member

Activity: 1246

Merit: 588

Shocks even if how much money online gambling casinos are making they wouldn't even mind covering at least some of the fees. A fix one really sucks because it invalidates the user's right to choose. It is actually sucks more when they are still even getting something from it.

Quote from: BitcoinGirl.Club on August 25, 2019, 03:15:14 PM

~

Sportsbet is good if you do sports betting lol but if you are not a fun of sports betting then this site is not just for your either.

Quote from: sana54210 on August 27, 2019, 08:41:24 AM

There should be no fixed withdrawal fee,and the only fee should have to be collected it miner fee which sounds good because gambling sites already making through bets then why they are making few bucks via withdrawal process which is really not necessary.

This is an obvious abused for them, considering the fact that we are already suffering from the high fees that we need to pay every time we will be having a transactions and yet there are freaking crazy casinos who would like to add up a small % so they can gain something from that.

sana54210

legendary

Activity: 3346

Merit: 1128

Quote from: jrrsparkles on August 26, 2019, 01:13:49 PM

Quote from: ?? on ??

I think acceptable fees are 0.001 btc , 0.0005 btc then 0.0002 btc and below like for me this is affordable so this are fair for us users

Still i think better if the fee is only low like every transaction of btc because when we deposit in their gambling site because we already pay for that then actually i don't like to pay every withdrawal like i want one fee only for 3 times withdrawal

There should be no fixed withdrawal fee,and the only fee should have to be collected it miner fee which sounds good because gambling sites already making through bets then why they are making few bucks via withdrawal process which is really not necessary.

This is my thought exactly,. Of what use is having a withdrawal fee, this people make a whole lot of money from gambling, aside what I might have won, they have gained from so money losers. It should be made free, there’s no point having a withdrawal fee, whether fixed or based on percentage.

I remember my friend called me greedy some time ago because I mentioned this and to them, this is a way the casino sites can also generate money. I understand that the casinos given us a great gambling platform is a privilege but this is not a good reason to start having a fixed charge when it’s time for withdrawal, they could do it free for players as compensation for having them on the site.

semobo

full member

Activity: 1498

Merit: 146

Quote from: iMark on August 27, 2019, 06:36:17 AM

Quote from: swogerino on August 27, 2019, 01:50:22 AM

I like if the gambling company takes all the costs of processing withdrawals as I think they have the money to do so.
Sportsbet.io so far processes the withdrawal instantly and I haven't seen any fees being involved,whenever I withdraw the minimum of 2mBtc always 2mBtc arrive in my btc wallet.

Thats all what I wanted

I would be very happy if the gambling site is responsible for all fees to be paid. after all they have a great profit to cover it all. and I'm sure all gamblers will be very happy and comfortable to play there. especially if it is instant withdrawal it will be a good added value for the gambling site.

When a gambling site doing free transaction then its good but I don't think this will be an instant transactions since most sites uses batch transaction with less fee so the time to arrive at our wallet will be high but they can also add one more feature for giving transaction from our funds based on the traffic at memepool.

iMark

sr. member

Activity: 1162

Merit: 251

Quote from: swogerino on August 27, 2019, 01:50:22 AM

I like if the gambling company takes all the costs of processing withdrawals as I think they have the money to do so.
Sportsbet.io so far processes the withdrawal instantly and I haven't seen any fees being involved,whenever I withdraw the minimum of 2mBtc always 2mBtc arrive in my btc wallet.

Thats all what I wanted

I would be very happy if the gambling site is responsible for all fees to be paid. after all they have a great profit to cover it all. and I'm sure all gamblers will be very happy and comfortable to play there. especially if it is instant withdrawal it will be a good added value for the gambling site.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: swogerino on August 27, 2019, 01:50:22 AM

I like if the gambling company takes all the costs of processing withdrawals as I think they have the money to do so.

^ That is good for a gambling site that they will cover all the cost of processing withdrawals and have an instant withdrawal within a couple of hours it takes. Fixed fee but not quite high is okay for me at least not more than 0.001btc will be fine. Good thing if you don't always have withdrawals on that site. Nevertheless, in choosing a gambling site and avoid that problem always check the and read first before going to deposit.

lighpulsar07

sr. member

Activity: 518

Merit: 271

Well when it comes to withdrawal fees i always checked the how much the withdrawal fees that the casino offers but i always consider the fixed withdrawal fees like in bitvest they have only 0.00012btc withdrawal fee whatever the traffic situation of the network their fees is fixed although they have doubled the withdrawal fees (i think it was 0.0002?) once during the late 2017 but they return it back to normal though. also, 0.001 btc withdrawal fee is ridiculous for a gambling site and if someone implemented it, i will never visit that site again even if the games were good on that site they are like the withdrawal fees of scam cryptocurrency exchanges.

Anyways, for me withdrawing huge amount of bitcoin without any problem is the proof the casino isn't a scam,...

joshy23

sr. member

Activity: 1078

Merit: 256

It's always good to have options and not just a fixed rate once you're going to withdraw your balance, or if possible much lesser fee to be collected since it's already a business and with the house edge they have the shares from each games gamblers being played inside the house, it's better for each gambling house to adjust from what the players demands especially if it's take about having more gamblers to use the site.

crwth

copper member

Activity: 2940

Merit: 1280

https://linktr.ee/crwthopia

I understand that the fees situated by the network are volatile too, there are a lot of high fees depending on the congestion of transactions happening. If I were to choose with how I can withdraw in different services that I'm using, I would use the fair and let the network decide. Imagine having a low fee transaction be charged with a high rate like 0.001 BTC. That's a lot of hard work in gambling compared to paying the right amount and what you would naturally pay. One thing that the service could do is collect all the withdrawals and turn into one transaction then save in TX fees. I think that's what they are doing but at least keep the players some BTC to play too.

btc78

full member

Activity: 2520

Merit: 214

Eloncoin.org - Mars, here we come!

Quote from: swogerino on August 27, 2019, 01:50:22 AM

I like if the gambling company takes all the costs of processing withdrawals as I think they have the money to do so.
Sportsbet.io so far processes the withdrawal instantly and I haven't seen any fees being involved,whenever I withdraw the minimum of 2mBtc always 2mBtc arrive in my btc wallet.

Well all of us dreaming of one day gambling sites will cover the fees upon withdrawals but we also know that this is impossible to happen as gambling companies don’t care about our needs but for what they will earned only

I think just like what OP mentioned Primedice and other similar like this is what I prefer on who’s asking fix fees(but not advisable for small bettors because this will pain them withdrawing.004 to be less by .001 😂

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

I like if the gambling company takes all the costs of processing withdrawals as I think they have the money to do so.
Sportsbet.io so far processes the withdrawal instantly and I haven't seen any fees being involved,whenever I withdraw the minimum of 2mBtc always 2mBtc arrive in my btc wallet.

shoreno

full member

Activity: 1750

Merit: 118

if im not mistaken i think primedice has a high withdrawal fee and thier withdraw threshold is also high . i have tried and tested them before but i dont know if they have change now because im not really active on thier site these past months .

like you i also like the idea that we can choose a transaction ( e.g high , mid , low priority transaction ) but most of the gambling sites that i visited dont have these options yet . i only see this feature so far on freebitco .

emberbekas

legendary

Activity: 1904

Merit: 1000

Quote from: alexrossi on August 25, 2019, 02:53:15 PM

Personally I prefer the primedice approach: fixed low fee and in case of clogged mempool the site "take the hit".

I also accept a dynamic fee based on mempool state, or a priority approach (pay more if you are in a hurry)

What I do not consider fair is when only a huge fixed fee is proposed, like 0.001 BTC. That really discourage crypto gambling in my opinion.

In bitsler, there are three types of fees we can choose from. 10k satoshi (low), 20k satoshi (normal) and 60k satoshi (high) fees. Then we can choose which one suits our condition when we want to make a withdrawal. Low if we are not in a hurry, normal and/or high fees when we want to get immediate confirmation. I think that is the best approaches!

mitchr4

legendary

Activity: 2716

Merit: 1017

Join the world-leading crypto sportsbook NOW!

Quote from: libert19 on August 26, 2019, 10:54:52 PM

I have never used Bitcoin for betting, I use betting platforms on steem/eos, these chains do not have any fees for transfers.

All in all, I pay 0 withdrawal fees.

Using a different platform might be an alternative for gamblers who have problems with withdrawal fees. But enthusiasts from the platform are not as many people who use Bitcoin to gamble. So far the fair site is Sportsbet as long as I play there they don't have any withdrawal fee. On other sites like Windice have a fee below 10k satoshi, I think around 10k to 20k satoshi is quite fair.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: alexrossi on August 25, 2019, 02:53:15 PM

Personally I prefer the primedice approach: fixed low fee and in case of clogged mempool the site "take the hit".

I also accept a dynamic fee based on mempool state, or a priority approach (pay more if you are in a hurry)

What I do not consider fair is when only a huge fixed fee is proposed, like 0.001 BTC. That really discourage crypto gambling in my opinion.

If the withdrawal fee is like 0.001 btc, then I will withdraw that money and moves to the other gambling website because I don't feel right to stay in that site. I think the fee will be too big and I think that the sites can lower their withdrawal fee, so we don't think that they want to get bigger profit from the members. But if they don't want to lower the fee, I am sure that the member will leave the site and they will search for another website which has a lower fee for withdrawal.

libert19

hero member

Activity: 2520

Merit: 952

I have never used Bitcoin for betting, I use betting platforms on steem/eos, these chains do not have any fees for transfers.

All in all, I pay 0 withdrawal fees.

sheenshane

legendary

Activity: 2534

Merit: 1233

Quote from: ?? on ??

Quote from: felicita on August 25, 2019, 05:04:13 PM

snip-

Tell me which the most of casinos you have played have fixed fess at 0.001 btc? IIRC, the highest fees on gambling site is Bitsler, which set their highest fees on 0.0006 btc as priority, 0.0004 high and 0.0002 as normal. I never had 0.001 btc withdrawal fee in any of gambling sites i've ever played.

A fixed fee isn't fair for me, just IMO. It should have an option that we can choose whether high, normal and low. In MintDice they had choices on fees too that already set on "Economy fee, -0.0002, Normal Fee, -0.00032, and the highest fee which is Priority fee is 0.0004". I never try to withdraw yet on this gambling platform since it is new and I trying to make a profit in every betting and I hope I can make it. Cheesy

Anyway, always check the fee and the gambling site before you have made a deposit or always read the FAQ. I think that 0.001btc fees are too much.

NavI_027

full member

Activity: 1232

Merit: 186

Quote from: ralle14 on August 26, 2019, 09:12:27 PM

Quote from: NavI_027 on August 25, 2019, 09:04:50 PM

[snip]

You've mistaken their minimum withdrawal amount and withdrawal fee.

Oh! I'm so sorry my bad, I probably get hyped while typing that's why I post it right away without thinking it twice Grin

.

Hypnosis00

sr. member

Activity: 2478

Merit: 343

20BET - Premium Casino & Sportsbook

Quote from: ?? on ??

Quote from: felicita on August 25, 2019, 05:04:13 PM

i think on fortunejack there is no withdraw fee ?
But sadly the most other casinos where iam playing have fixxed fees like 0.001 XD

regards

Tell me which the most of casinos you have played have fixed fess at 0.001 btc? IIRC, the highest fees on gambling site is Bitsler, which set their highest fees on 0.0006 btc as priority, 0.0004 high and 0.0002 as normal. I never had 0.001 btc withdrawal fee in any of gambling sites i've ever played.

I think he's wrong, it maybe isn't in the gambling site it possible for exchanges cause that is usually they've asked for in every time we do a withdrawal.
I've been using windice and the price won't go that much...I've paid 0.00006btc last time and ever since it never reaches into 0.001btc..

Or, He'll might be pointing out into scam sites and asking for high fees.

ralle14

legendary

Activity: 3374

Merit: 1922

Shuffle.com

Quote from: NavI_027 on August 25, 2019, 09:04:50 PM

Quote from: ralle14 on August 25, 2019, 06:54:28 PM

Which casinos charges fees that high? Most casinos that I know charges fees lower than BTC.001

The gambling site I tried so far is windice. Their trasaction fee for every payout is at .0009+ which is very reasonable for me because my money got already transferred to my wallet just few minutes after. I don't know to your perspective if it's really good since I haven't tried other sites for comparison but I'm definitely satisfied with their service

.

Ps: I'm not shilling.

You've mistaken their minimum withdrawal amount and withdrawal fee. Last time i've played on windice and requested a withdrawal I paid BTC.0002 which was the highest limit for their fees. You'll only get charged .0009 for fees if you're using ETH because their fee is up to .001.

Quote from: mich on August 25, 2019, 07:06:51 PM

With BITCOIN gambling it should be a common norm to not have to pay to get your money
This is why I use sportsbet and bitcasino which are both casinos who dont charge not even a single satoshi to get my money
And I can withdraw my money unlimited amounts of times

When fees weren't a big problem back then most casinos don't have require miner fees.

Topic: What withdrawal fee do you consider as fair in gambling sites? - page 5. (Read 778 times)