Topic: What withdrawal fee do you consider as fair in gambling sites? - page 7. (Read 767 times)
Whenever I withdraw my bitcoins from a gambling site the best one is to have some options in picking the right fees between low to high because there are times when i'm not in a hurry then there's also times when I need a transaction to be confirmed in the next couple of blocks. If all of the gambling sites I use have a fixed fee the fair withdrawal fee for me is BTC.0001 or less because most of the time the network isn't busy.
Setting aside i do remember Hitbtc exchange with having a fixed fee of 0.001 BTC for a very long time which is $10 at the moment.
So far with gambling sites they do majority had low fees and some do have adjustable depending on users preference.
Bitdice currently had 0.0001 btc fee for withdrawal.
So far with gambling sites they do majority had low fees and some do have adjustable depending on users preference.
Bitdice currently had 0.0001 btc fee for withdrawal.
Fixed fee sites are a no go, especially when this fee is extortionate. But then again, I don't expect the casino to take the hit when the network is busy either. People should be able to simply choose their own fee, either by directly entering which fee they want to use, or by selecting different tiers (e.g. low, medium and high).
Personally, I'd like to see an exchange that gives people to option to automatically convert their cryptocurrency into a low fee alternative, e.g. Bitcoin to Litecoin, which could help out when trying to withdraw small amounts.
Personally, I'd like to see an exchange that gives people to option to automatically convert their cryptocurrency into a low fee alternative, e.g. Bitcoin to Litecoin, which could help out when trying to withdraw small amounts.
Withdrawal fee in gambling site?
I am with sportsbet.io from long time and they do not have any withdrawal fees. With cloudbet.com, they also do not have fees. With onehas.com, they do not have withdrawal fees for the first withdrawal in a week.
I did gamble in few other sites (nanogames and few I can not remember), not much but withdrawal fees was never a thing I seen. It's an immediate discouragement for me. I also dislike the exchanges, the amount they charge (0.001BTC or 0.0005BTC, it's just too much).
To answer your title: I think there should be a Zero withdrawal fees like sportsbet.io. They can give a minimum withdrawal requirement though.
I am with sportsbet.io from long time and they do not have any withdrawal fees. With cloudbet.com, they also do not have fees. With onehas.com, they do not have withdrawal fees for the first withdrawal in a week.
I did gamble in few other sites (nanogames and few I can not remember), not much but withdrawal fees was never a thing I seen. It's an immediate discouragement for me. I also dislike the exchanges, the amount they charge (0.001BTC or 0.0005BTC, it's just too much).
To answer your title: I think there should be a Zero withdrawal fees like sportsbet.io. They can give a minimum withdrawal requirement though.
In bustadice the withdrawal fee keep changing based on the current traffic on blockchain and there is two options for us to pick like withdrawal and instant withdrawal,these fees are always acceptable than the fixed high withdrawal fee.
We do only prefer 2 option which is;
-Dynamic
-Fixed low fee
I have seen some gambling sites that do have fixed fees no matter what the situation of the entire network specially going from high to low.
-Dynamic
-Fixed low fee
I have seen some gambling sites that do have fixed fees no matter what the situation of the entire network specially going from high to low.
0.001 BTC.
Thats 10$. Currently:Next Block Fee: fee to have your transaction mined on the next block (10 minutes). $0.30
6 Blocks Fee: fee to have your transaction mined within six blocks (1 hour). $0.05
It means that in 10$ withdrawal fee there is 9.70 $ profit for casino. Is it fair? Is gambling fair with 97 % output out of every bet on average? I'd say it's fair because you enter the game knowing its rules. You are doing it on your own free will ... unlike taxes
. For it is uncomfortable for customers and probably scares off a certain percentage of them.Rocked.run has only 0.0001BTC withdrawal fee on BTC. Mintdice 0.0002BTC. Those are good rates that customer is willing to pay without the feeling of being cheated.
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.
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.
Jump to: