Bitcoin Forum

If you cash out by bitcoins at a casino and the casino doesn't add enough fees for fast confirmation. If the price of bitcoin drops a lot. Should the casino be held responsible for the price differences in which you cashed out at and the current loss in btc prices?

they don't care i think but i know for sure that these service like exchange and casino have special deals with miners and they can have fast confirmations with very low fee, like 20k satoshi, but anyway when you cash out you have still your bitcoin, just don't sell if the value dropped at that moment, and sell again when it go high

Hmm.... i don't think it will happen.
The fees are made in btc. The price of btc is irrelevance for miners. W3ll no let me rephrase: the price of btc isn't what will determine if your tx goes through or not.

Your tx will be accepted if you pay at least as the average suggests. If the casino put a fee like this then btc could drop to 1$ your fee would still be on average.

The price can go up as well, so I don't think that is the important question here. If a casino pays the fees, I do think that they must pay enough so that the transaction is processed in a decent time. BTC price is always changing so they are not responsible by that, but they should be responsible for paying low fees and making you wait to much time I think.

Yes, don't forget that possibility is also true. So your argument does not hold true. Will you return whether the price increased.?
Bitcoin price is unpredictable and fluctuations are too high right now so anything can happen.

They should be but there is no way to punish them or ask refund from them in situation like that. Usually transaction with low fee get dropped from mempool and some get confirmation after a day or two by which price can drop significantly like it have in past 24 hour.

Just play in casino that keep their fee policy updated.

Not really. Such is the nature of bitcoin. If I purchase something from you for $20 and it takes 5 days to get to me. Say a shirt or whatever . The price goes to $32 I cannot ask for my bitcoin back same as if it was worth $12 afterwards you cannot ask me to pay more. The deal is the deal at the time of agreement. If you withdraw out of s casino and the value doubles is it fair the casino asks for half of it back ? Nope !! Its the nature of bitcoin. But its still a good topic to bring up though.

I think they should change the policy about the fee in some gambling casino if thats the case..
Like other casino has manual change the fee or they are choices to choose if what the fee we can pay for faster transaction or slow transaction..
The same as in yolodice.. receiving my funds in yolodice it takes few minutes to get confirm base in my experience..

So if a casino sends and no confirmation for over 5 days the price of btc goes from 2800 to 2000. You don't see a problem with that? How about this then. You loan me 1 btc and i'll give it back to you once BTC drops below $1000

No. Before you deposit in any casino you can always ask how much fee they pay on withdrawal and you can decide whether you will deposit and play.

Anyway, you are worried because you have to wait for day or two for tx confirmation, but you are not worried that you will probably lose 98 out of 100 times in casino and you will lose in long run?

Casino owners are not responsible because you might have already accepted their terms and condition before depositing your money. Also, some casinos provide you with an option to pay the higher fee to get faster withdrawals but sometimes even we pay that highest fee it takes a couple of hours to get the coins. For these delays casino owners not responsible.

Then can you explain what happened with DirectBet.Eu and why they felt they needed to shutdown their operation?
That would be the sole reason they did it because all those free sends after their customer's bets have settled was too much for them to bear the brunt of the ever increasing fee's the miners were demanding to have their transactions to complete and confirm at a reasonable amount of time. That being within an hour or two and not prolong to 24-48 hours.

Lucky youre a dumbass if you play somewhere that dont send appropriate fees for todays miners. But since you play at shithole casinos now cant feel sorry for you

They do not have to be responsible because when casino doesn't add enough fees there's a chance for bitcoin price to move up a lot too. One thing they have to do is to change the policy related to fees so that our transaction will get confirmation in a proper time.

for me it depends, if the casino charges your withdrawal for the fees then they should send it with that fee so it will be confirmed faster than others, but still i dont think they should be responsible for the price movement, price could go up and down. the question is, are you will to refund some coins if the price spikes?

Most casinos i have played with has several fee option. Just choose the highest so there wont be a problem.

No and i am pretty sure that most of the casinos have clauses in their ToS that basically lets them get away with this sort of thing. However you should always avoid casinos that are known to pay little fees compared to the current recommended fees just to save some satoshis on their part, not only is it a hassle to deal with them it also demonstrates that they don't care about their customers.

On Bitsler and other casinos now they allow you to choose your own fees, whether high, low or medium. If that's the case with your casino and you chose medium/low fees because it's your own choice. But if you weren't offered a choice, or chose high and the transaction still didn't confirm, try arguing with the admin/co-admins on the site first. Some of the more reputable ones might give you a bonus on your withdrawal if you asked them.

Yeah why not just always pick the highest fees (but as what i expereinces yesterday i withdraw and choose the highest fees but in the meantime as of now it's not still confirmed). So all the casino's owner doesn't seems care becuase it's the blockchain problem not the all casino's owner

You are gambling in bitcoin not in US$ so they have no responsibility over the price of bitcoin. It is also up to you to choose a company that either pays the right fees or allows you to choose the option to do so.

You can still get your claimed amount of btc with the same price. If price of btc is dropping then you will receive higher amount of btc. You always have holding option for bitcoin. Gradually you can have more valued bitcoin in terms of your local currency. Also, you can always try cashing out in higher amount so that fees will be nothing up front of your transacted amount. The transaction will also get added value due to price difference between bitcoin and local currency.

The bitcoin price isn't their problem, the same as if you go to a casino in US$ they aren't going to refund you money because it was worth less in Euros by the time the transfer went through.

Not like that, default fees in the concern casino wallet may lower to make fast transaction. Therefore, transaction may be pending for long hours. Wait for a day to complete the transaction. I think as day over. Now you check with the site tech support regarding this. Transaction and network fees will not be dispute from the ongoing transactions.

In my opinion it is better to wait money earned from gambling longer, for example 1 day.
This is why:
When players win they withdraw and most of gamblers are excited and want to deposit again until they lose. Maybe it is better this way, because next day you wont be so enthusiastic.

The answer will be no, as long as the casino gives you the money then they are not to blame, and the speed transaction is not the casino fault, so you should also consider the withdrawal and deposit coin speed before you decided to play in that site

No, casino can't be held responsible. what if the opposite happens? price rises a lot, will you then blame casino for not adding appropriate fees? no, right. you'd be glad that tx confirmed late and you sold at higher price than you were going to before.

i think casinos should adapt quickly and increase the fees or let the users select the fees in withdrawal form.

Of course no and obviously it's not. Why the hell they would care for the bitcoin price if the transaction in their site is purely bitcoin, meaning 1:1 no matter what is the current price. Aside from that and if we will disregard my first statement, it's not their fault if while the coins are being sent to a user then bitcoin price fluctuates so much. No one have control over it.

So be it and just deal with that kind of system.

probably it's an other thing there, perhaps they have not enough funds to cover their expenditures? a website like a casino isn't free you need money to run it, if they have not enough income from their betting they can shut down and declare banckrupcy, but i see that the website is still working good, so what you are talking about exactly?

You can always play in casino which accepts altcoins so you won't have problem with low fee.
If you really don't want to gamble with altcoins and you really want your coins ASAP than play at fortunejack, they are paying large fee for every withdrawal.
Not to mention you can use Bitgo there.

No, bitcoin is volatile, extremely volatile, and that is not something that casino or any other bitcoin service can influence.
When users are dealing with bitcoin transactions they kinda must know that already and accept that potential problem.
Blaming bitcoin casino for bitcoin network's congestion and long confirmation times is stupid excuse.

No, they should not be held responsible, especially because the fees change daily. One day you can get fast confirmation with 80s/b and a week later everything under 150s/b makes you wait 2 days. A casino sends your cash and that's it, they never agreed to be sending it instantly and never agreed for a confirmation timeframe. If they did they'd be shooting themselves in the knee, because a bitcoin network can suddenly get spammed resulting in all transaction confirmations to jump to the next day, and then what? Lawsuits because people didn't get their money on time?

You really cannot complain for the delay the network takes and if you are really willing to provide a higher transaction fees then you must notify that particular site and i think most of the site must provide an option what fees people are willing to provide manually as well as defeat prices the exchange calculates,so that people who needs the coins urgently can have their coins soon.

You have the option to choose fast or slow transaction, fast you will pay more fees, if so it will confirm faster. Here we are dealing in BTCs, so the price you paid in BTCs has nothing to do with differences compared to fiat price. I agree casinos have nothing to do about it. If you fear this situation, only make transactions when the Bitcoin price is stable or increasing.

I think it's not their business. They don't care about the extreme volatility of bitcoin because they just use bitcoin in lieu of fiat money. Well, that's our risk to using bitcoin.

Correct. As long as casino send out your coins then we can't blame them but casinos should provide a couple of options to players to pay the fee instead they decided some fixed amount. They on one can blame the casinos because individuals have decided how much they want to pay the fees.

Which casino you are talking about,since all of the major casino's adjusted their fees when the fees increased and if you could specifically say which casino you are talking about then we can have some clarity ,you cannot held responsible just because someone pays a low fees than the current stipulated fees as the fee keeps on increasing with network conjunction.

In my opinion no because they could be carrying the risk of bitcoin appreciating in the time withdrawal confirms as well. But they don't ask you for more bitcoins back do they? If there is a delay with the actual transaction being sent onto the network then yeah it should be their fault. If they blatantly use a low fee then yeah it's their fault too, but if the blockchain is just congested and they put a normal fee(like 200sats/byte) then it's not their fault.

If you're worried about this, use dogecoins. The blockchain is fast as s**t compared to the bitcoin blockchain and withdrawal fees are 1 doge.

Do your due diligence and check out which casinos offer faster payouts or the option to amend the fees. You cannot blame them for any changes in prices, otherwise should they ask you to pay them back something when the price goes up? I get that its annoying but to even suggest they should be held responsible is kind of ridiculous.

They can't think that what you will do with your Bitcoin , they knows that you want your Bitcoin back that you deposited or won .
Usually the most of the casinos give the Bitcoin with the normal fee ( according to the market , regardless of the fee that is needed for the confirmation in one hour or two hour .
When I was regular gambler at the cloudbet then they send Bitcoin with fee of 200sat per byte , so I think they will send btc atleast with 300 sat per byte .( Thier system remain in the custom mode for daily  )

No.



No, they don't make special deals with miners  ::)

Hell No! and they really dont care at all as long you are already withdrawn a particular amount of bitcoin into their site and they dont care if the price drops a lot or rise. They do really offer free fees but expect the lowest one.No one knows and they dont really patch up everything.

then how you explain that bittrex have 20k satoshi fee all the times, when i withdrawal my coins from them? 20k satoshi is way below the average and shoudl remain stuck forever instead i always get my coins very fast from them, the only explanation is that they are miners themselves, or they do the same thign as viabitcoin the accelerator

The answer is already obvious, if the price drop of bitcoin bothers you so much just gamble in fiat. Most casino that I gamble on doesn't charge you for your miner fees but they always seem to put enough fees from 200 to 300 satoshi per byte.

Maybe you're just lucky with the confirmations or during that time the network isn't busy as usual.

If bitcoins are to be a store of value, then casinos and merchants need to adjust for the changing times and consider using alternatives instead.

It shouldn't be that difficult to add a couple more coins, but the development costs need to be eaten somewhere.  Only when more gaming sites starting using other coins, and they start to lose marketshare will some of these bitcoin-only sites begin to change.

If bitcoin won't be used and accepted by business, services and merchants it will lose its merit and not longer will be treated as good store of value asset.
Using altcoins won't solve bitcoin's problem - it will create even more complicated situaiton with no main coin used by every service.

We have reached Bitcoin Scalability Consensus. More than 80% the miners, have agreed to SegWit + a 2MB maxblocksize hardfork.
So just stick to the bitcoin, buy more coins, it will be upgraded and retain the top position as king of crypto.

No they shouldn't, unless they have guaranteed you your value in USD at the moment of the win of something, but no one is doing it. You are holding bitcoins at your own risk, and if you are so afraid of crashes, you should keep you coins on exchange (a bit risky, considering hacks and other stuff that was happening in the past) and set a stop-loss order, otherwise it can drop even faster than the faster transcation, or more likely just while you are not watching.

No one can predict the bitcoin price even for the very near term feature, like 30 minutes from now if it will grow or if it will fall. The casinos do not know this either so they cannot be held responsible for that. Bitcoin price crashes or huge runs means nothing to a gambler or person who is interested in bitcoin. As long as the casino pays the amount requested from the player in bitcoin everything is fine. These casinos unfortunately are becoming less and less each day, the ones who are trusted.

Once you use a Casino, you agree with its terms and condition.  Definitely we cannot held Casino sites responsible of the delay of the confirmation of the withdrawal transaction.  But of course Casino sites will take care of that.  They do not want to look bad in front of their client and possible client with just some satoshi savings.  They will definitely make sure that all is in place including fees for faster transaction.

i think the casino will thinking to using the minimal fees that they can used to send the amount of bitcoin that the members want. maybe they will used the same amount for all members and for the confirming that maybe getting slow, its not the casino responsibilites but its about blockchain to confirmed the transaction. i think the casino will do the best for their members to send the fast as they can to the members wallet.

I think it's not their responsibility and I also think every casino wants to give good service to users. maybe it's just not your luck at cashout and at the same time bitcoin price drops eventhough that possibility is rare happend.

If ever that happens casino shouldn't be blame even if you chose the highest fee for fast confirmation. Because of the price of Bitcoin the amount of users who gets unconfirmed transactions are getting many and you can't blame that in the casino. In case you cashout and you received your Bitcoin for too long and you feel that you loss because the price of Bitcoin drops then you just need to hold that Bitcoin and wait for the price to rise again. We can't control the blockchain, it is responsible in all of our transactions.

As long as it is still int he policy casinos has no accountability on that, most casinos will let you choose why type of fee you like and as a gambler we will choose a faster one which is more expensive. The only casino I knew that has no fee is FortuneJack.com that's why I love to pay in this site.

It's simplest thing. Service charge should be everywhere,  when you open a business then you have to earn profit, in casino, poker or any kind of service sector must earn service charge as profit. Some of the casino can't accept such type of charge. But it's the fundamental money you during transaction of money.

Yes, as of now only FJ site don't ask any fee from the players to withdraw money. But most of the other reputed sites will allow players to chose the fee for withdrawal. But sometimes even with highest fee pay for the withdrawal still we need to wait for many hours to receive withdrawals. It is not a gambling site issue but blockchain traffic issue.

The same is not available with betcoin.ag, whether the price increase or decrease they won't be charging the users a transaction fee for withdrawal. This might be the case with the new gambling websites that are new to the gambling service.

Casino haven't responsibility for that, but usually they put standard fees, so the transaction speed normal, or even you can choose transaction fees speed, like crypto-games have.

The answer is obviously no. Would you pay the difference back to casino if the price had risen? If you play with Bitcoins you should accept the rules, Bitcoin is a highly volatile currency and you never know what will be the price in the nearest couple of hours, let alone days.

I don't think so buddy, any casino that does would be mad, they would incur heavy losses if they tried to so. Well all you need to do is be smart and play at the right casino like my signature one, pays on time, is efficient and it's trust worthy. Secondly how do you expect them to keep a track of your earnings, like you there are 1000 withdrawals, so should they check on this x withdrawal price fell let's refund them. If it were so will every time btc price rose after they paid should they seek refund. So no forget it and move on.

They wont really patch up or give you additional because they know the volatility of bitcoin and so are you. If you don't like this stuff then go back on local fiat gambling on which all are on stable basis. This is the risk on playing and receiving bitcoin as a profits because price or amount might decrease or increase.Thats the only two ways on where your money would go.

I think it's the duty of the casino to make sure that you get your money as quickly as possible, you bore the cost of paying high
Fees for a faster confirmation so likewise they should do the same.

No they wont do such thing because they would really lose big portion of their profits if they do set this kind of procedure on paying up huge fees just to make faster transactions. They might always claim to have instant deposits or withdrawals but it cant be undone because of the network problems we are experiencing as of now and they wont really risk up their profits just to grant their players demands/suggestions.

Casino doesn't have the responsibility to be blamed off because in the first place like what has been said here, you agreed on their terms and conditions upon joining the site. And it so normal to bitcoin that it fluctuates in no time, there are times that you will really encounter such scenarios, you know what to do.

Of course not because they pay you according to the amount of your bet and they will increase the transaction fee in order to keep the transaction confirmed. I think it's a risk we're gambling with bitcoin, gaining more profit when prices go up and suffering losses when prices go down.

no one to blame because casino already did their job it's all because transaction that not get confirmation yet, but untill now i never face that problem because price up and down it is not too much in a single day

We can't blame them but must provide several options for players to pay a fee instead they decided how many remain. They can blame on one of the casinos because individuals have decided how much they want to pay the fee because if something isn't going to happen

I don't think you're being fair with the casinos because you're receiving your due won amount in bitcoins and not in fiat so what I will suggest is for the casinos to add options for quicker confirmations where they will deduct a part of your won bitcoins into sending it quickly into your wallet.

the casinos should not to blame for this situations and the players also have to realize that this is one of the risk gamble use cryptocurrency and sometimes bitcoin price could dropped or rise up rapidly so they have to prepare to facing it but i think most of casinos would not too concern for the price only

That would be excessive IMO, Although a casino should send using decent fees demanding remuneration is almost impossible to achieve, also calculating it would be another issue.. Technically the withdrawal is in the blockchain so their job is done.
A good solution however is to let the player set the fees himself "with a minimum of 0.0001", This way, the player can't complaint sine he/she is the one who decided the fees.

not at all, i'm always getting 20k satoshi fee for withdrawal, no matter was, and i'm not trading on bittrex from two days ago i'm doing it from many years, and was always 20k satoshi, just look yourself, try to do a withdrawals form bittrex, and you see, they have special deals with miners, trust me

agree it is the casino fault if they at least don't use the minimum fees like 200 s/b right now, they should at least allow us to setup our own fees if they do not want to pay it themselves.
had an issue with a pending directbet bet for a long time, accelerated it through Viabtc eventually but before it was pending for days.

I never used bittrex. Did you pay 20K or did they pay fee?
If you try to withdraw from poloniex for example, they will deduct 10K satoshi for fee from your account, but they will pay much larger fee when they send coins. Maybe it is something bittrex is doing too?

If you bet in USD or in your local currency,  you should be able to withdraw in Fiat. But if you gambled with btc,  I don't see why the btc exchange rate is a problem, so far as you received your payment.

In the other hand if you feel the casino isn't paying out in a timely manner due to  low fees, it is best to move your gambling elsewhere. Or make it known to them you would leave if they don't step up. Some casinos listen.

I think you need patience in order to see your withdrawals from the casino going into your wallet. It's not the casino's fault, we know what volatile the price of bitcoin is and that they are just adding fee's according to how they see it. I'm not really sure if they are using the 200 s/b fee, but if you have patience your winnings will soon be in your wallet.

I don't think you have to blame the casino, what if the casino delays and the Bitcoin prices shoot up by 4 times which you would have cashed out if you received it earlier from them. So it's just fair to let go and accept that Bitcoin is volatile and anything can happen anytime.

I think bittrex had increase their fee to 0.001 BTC per withdrawal transaction.  I just did a couple of withdrawal and they charged me 0.001 BTC for transaction. 


The fact that we agree to the Casino ToS, we cannot blame casino in the delay of our fund withdrawal even if it means losing funds since they do not have control on the confirmation time of the transaction.

Yes that is true, but some sites tell us to pay like 100k sat but in the end they just use like half of it to sent or even lower than that to take some profit from our transaction fee too. So it feels like they take 2 things from us, either win or lose we need to lose and to pay

If it takes more then a day to withdraw thats a problem, quicker then that is a convenience and gives preference for that casino.   Its in their own interests to make use convenient for their customers.   I think a good casino will allow a few types of crypto to be withdrawn so you arent tied to just one standard that may or may not be log jammed when you need the cash.

Bitcoin and fee problem does not need to be their concern, but it's not fair it is up to you will you use their services again or not, will you reward them for their work or you will try to find another one? Eventually they will realize over time that this is bad for business, and will take care about this..

This is what i want to say pick a good casino, then enjoy playing. This will spare you from unnecessary problems..

I too would be angry if I had to wait for even hours for the TX, casino's should either allot us to select our fees and then it would be our issue, but they are the ones sending, should at least use the current network minimum fees to pass unhendred in a block or two (350s/b now or so).

Imo that's not a good solution the minimum should be more than 0.0003 to 0.0005 at the very least because if gamblers start using fees as low as 0.0001 their transaction could be rejected and this could cause more problems to the casino.  

I only experienced this when I made withdrawal request from moneypot they charged me with 500 bits and used less than what I gave them.

Will you be ready to return some portion of your withdrawal amount in the case of prices increasing between your withdrawal time and confirmation time ?
We are in agreement with every gambling houses to deal in BTC value regardless of where the prices of bitcoin is fluctuating.

that's the logic there mate, what if when you received your withdraw bitcoin the price went to much huge amount are you willing to send it back? the only thing here is if we withdraw and the timing is bitcoin fell down better to hold and wait for the price to fluctuate before exchange it into fiat.

I think yes but no any casino will be willing to take this responsibility. They only update their system when someone report this issue to them and what best users can do is to either wait for confirmation or use tx accelerator services like viabtc tx accelerator to get faster confirmation.

What casino does and what they are really interested about is the unit value of bitcoin so it does not matter whether thebprixe increases of reduces. If I am due for 0.04btc I guess that's exactly what I should be sent and if the value should drop they won't be held responsible after all I am not going to pay them or say they should reduce the 0.04btc should in case the price of bitcoin increases its part of the risk we are to take as holders of the coin.

I think theres no connection of an accelerator regarding on the thing that OP mention. It may push the transaction but on owners/players own expense which definitely means that casinos wont really bother at all on refunding you on what you have spent. If the price goes up then they wont claim on the excess bitcoin you do have since they do always base on bitcoins rate no matter how volatile is the price is.

It is true.  If we want to accelerate the confirmation of our transaction then it is to our expense.  The only responsibility of casino with our transfer is releasing the fund.  The delay of the confirmation is not covered of their responsibility since the fund is out of their hands and have been transfered to their client.

Fees are still not significant, really.

For most people who gamble significant amounts, especially those who use sports related sites or do arbitrage betting, it really doesn't matter that they pay a couple of dollars to get confirmations, because Bitcoin is still more convenient than fiat for online gambling.

You could always use an altcoin as well.

Probably in future we may get gambling sites which will be dealing in USD value still they will make us responsible for setting our tx fees and only at the time of withdrawal they bother about USD value definitely not with confirmation time. I don't think it is right to ask for compensation for the losses incurred due to fluctuations of bitcoin prices as we are all well aware of how drastic bitcoin volatility is doing all the times.

A sender of bitcoin cannot be responsible for confirmation time except setting up enough fees for transactions.

Then maybe it's time to think on implementing an option for gamblers to choose fees they like, starting from the minimal fee which is taken by a casino by default. Also I think it would be helpful to show the link to this site: https://bitcoinfees.21.co/ because not all gamblers are aware of its existence, and, at least from my experience, there are pretty accurate estimations there.

Personally, 300k per kB of transaction seems to do the trick. The situation is becoming very ridiculous now, I do not want to spend several dollars in transaction fees just to send some small amount of Bitcoin to someone.
I feel like charging more than widely used services such as bank transfer or Paypal is not going to help Bitcoin. They need to sort their stuff out.

I think the tx fee are very minimal as compare to the earning of the casino. So no casino will put a less tx fee, just to delay the transcation and ruin their reputation. If a casino does this, no one will come back again to the casino to play, so it will be a blunder for a casino to put low tx fee. A good casino should put a high tx fee and no deduction of fee to give their customer a better playing experience and therefore a boost in their own business.

Well, I do want someone to take the responsibility for that slow confirmed transaction. Anyhow, it is a problem which everyone is facing everyday

This is a surprisingly interesting question for gambling my opinion is YES if they do not provide an option for you to top up the fee that is sent to a wallet, if you can toggle between certain fee prices and decide to pay a low one and get burned that's on you, if you pay extra for speed and agree to that cost then that should be allowed.

Fees are not a problem for all the gambling sites I played with. All the gambling sites already made a lot of money from the winnings they gained through the house edge. Therefore, it makes no sense for any gambling sites to save on the btc transaction cost as it could destroy their reputation. Everyone will take withdrawal seriously so serious gambling site will save money on this.

This is a big problem I always had with Directbet before it closed (and I left them like 2 months due to that). They sent the payment fully without taking anything from me but the fees are very very low, I had to use accelerators sometimes and wait for days... I suggest to all casino's to make the fees entered manually with ~2 being the minimum, thus the player can't complaint.

I have seen lots of casino putting less fee on withdrawal even though they deduct significant amount from users as withdrawal fee. Few of the casino have found quite unique solution, that is giving their users an option to put custom fee on their withdrawal which will be deducted from users balance and exact amount will be used as tx fee.

I agree with this... There are only a few comment posters on this thread with some sense and you are one of them. The others who says casinos are responsible because "THEY" didn't add enough fees, then who is? Apparently a lot of posters didn't read or understand the question. For example I had one casino to send a withdrawal that took 3 days to confirm because of low fees. The price dropped by the time i got it. What if the price you cashed out at btc were 2500 but the casino decided to stall and when they did finally paid you the price of btc is at 1800. Is this not a problem?

I think there would be adjustment in these fees as well when btc price gets too high or too low. even in exchanges, i've observed some platforms raised their charges for transactions like withdrawals though its possible that it still will change depending on the movement of btc

At the current rate, I'd say that fees are becoming pretty significant though. Especially for people who like to gamble under $100, if you're sending Bitcoins with multiple inputs.
I think the casino should cover part of the fees and some casino's do that, it's a great service imo. 

i am sure that the casino will have a minimal fees for withdrawal and i am sure that they will concern about this because they don't want to see that their members have any problem when they want to make withdraw their winning money. and if the price of bitcoin drops a lot, the casino will be anticipate this too and i am sure that they will solve the problem and will make their members satisfied with their service. without satisfying from the members, i think its hard to see the casino will stay for a longer time and i think the casino will gets bankrupt soon without any members want to playing games in their site.

Yes the casinos will never make problem to there players. Becasue it will effect on their main business. Yes now the confirmation fees are bit high in all casinos, but they are giving good service. I am also satisfied for this fee. Yes if the price drops then the casino's also taken some action on this fee, and they will give other better solution for players.

let us not forget that most of these casinos and sportsbooks dont put these fees on us and they have taken the resposibility to take it up as there own, besides the are profit based businesses so i guess they have to minimize on loss by setting acceptable fees which in most instances are not that slow to confirm.

Well, I guess they really have to shoulder these fees as we don't really have control over how much inputs and outputs they are going to do in every transaction they get. Nowadays and usually, these services charge fees for withdrawals so in effect users pay a portion of the fees. And they also combine transactions which means sometimes they get more money from fees their users pay them.

I believe most of the gambling sites need to re-evaluate their transaction fees structure so that gamblers will not be facing delays with their withdrawals. Usually gambling houses are asking small fee from us and they themselves including big tx fees to our transactions. This is possible for them as they are processing multiple withdrawal at the time and they are including multiple payout addresses into one transactions. I guess all gambling sites and exchanges need to follow these so that we can get rid off confirmation issues.

You shouldnt be worried about fees till casino pays full amount. In this casino business they dont want to look so pity for few bucks. Dont forget, transaction fees are mostly related to bitcoin price.

Yes I agree I am also not in favor of the panic selling. When you come to know that the price is getting down hold your coins for a while and wait for the desired price. I mostly recommend that people should wait for the bitcoin price to raise high and then sell it. I think people who are in panic selling of the bitcoin are doing mistake because keeping in mind the future of the bitcoin the best option for everyone is to wait instead of the panic selling.

For a gambler who will be ready to hold and for those who are not dealing in fiat value, this will not be a big concern. After getting into bitcoin gambling, I totally forget about calculating how much I am making or losing in gambling in fiat equivalents.

he doesnt generally mean about the fees on sending the withdrawals since most casinos do really make free of charge for their players the main concern of op is when gambling sites do set small amount of fee for a certain withdrawal and he was on doubt on sudden price decrease of bitcoin in times on when its still transferring, to asnwer this question they wont bother at all to give you add up knowing the price of bitcoin is volatile.

Most of the Casino are deducting fees to the total amount that you withdraw like Primedice and Bitsler were the fees are incredibly high. But some Casino still offers fee free like fortunejack and betcoin. BTW the withdrawal on fortunejack is now instant so we can cashout anytime without thinking fee.

I don't think so. Remember we are playing and using crytocurrency here. We shouldn't really consider the price of it in fiat as that is not what we are playing here. We are not playing $2 per bet but 1mbtc per bet, something like that. So we should not really convert anything even at the point of withdrawal.

I think these casinos earn so much that they do not have to worried about the fee and they give fee of transactions themselves, as it is so minimal as compare to the profits they earn.

Yes, if someone can afford the accelerator so it is good for the transaction to be fast. If we demand it from the casinos to confirm our transactions and pay extra for our transactions to confirm we are totally wrong.

The casino has no concern with the confirmation of the transactions. The only role of the casino is to make sure that the funds have been released to the accounts.

This is a great example of how the casinos are battling increasing fees.
As a user, if you find it hard to cope with the fees, you can always withdraw once a month.
Also, with block size consensus reached, we're going to have much lower fees in the next 6 months.

It's really good question. Nowdays some gambling websites have old fixed transaction fee which causes problem for withdrawing of serious amount of bitcoin. So to fix this situation, you have to withdraw small amounts or you can change your gambling website. There is no another chanse or maybe contacting with support and fixing situation with him/her will be another choise.

Uhh. What you said is baseless and really seems that you know nothing about gambling sites and bitcoins.

Gambling sites set a fixed amount of fees. So big or small withdrawals will have the same transaction fees. For example, if the site sets a 250sat/byte miner's fee, then even if you withdraw 1btc or 1mbtc it will have the same fees included in them.

Hence, withdrawing small amounts will not change anything.

Seems you can't understand what I posted. I mean situation when site has fixed 0.0004 withdraw fee, of course this is useless for withdrawing 1 btc. I had same situation and after no confirmation for 2 day, thanks to transaction accelerators, I got confitmation by using them. And if website has 250 sat/byte fixed than yes, it doesn't matter if amount is 0.01 btc or 1000 btc.
Hope I explained everything.

This is good to share the information for the knowledge of the gamblers. It depends upon the wish and will of the user that what type of plan is he interested in and which suits him the best. But I am not much sure about the plans that how it works. Anyway this is a great effort done for those to see and select according to the need. I appreciate it.

I think there are gambling sites that offers options to the gamblers on what fees to pay. I think this is implemented in yolodice, I am not sure though because I forgot where it was, but they have a system that asks if you want to pay a low fee but it will take some time or a higher fee and it will be instantly sent without waiting for others to share the fees.

You should try crypto-games.net  :) They allow you to choose how much you want to pay as transaction fee. You can choose depending on your need. They also have the "free transaction" option, the the fee is very low so get prepared to wait for few days. Other sites should implement this feature too where we can choose how much we want to pay as few.

I almost exclusively use Crypto-Games because of that feature! And I'm not just saying that because I'm a part of their signature campaign.
It feels so good to get your payment in less than 10 minutes while on other sites you're waiting for days usually.

And they implemented that feature after some users asked about it in chat on their website, if that isn't good customer service, I don't know what is.

Its kind of moronic to think a casino would be responsible for the exchange rate to exchange in a different currency than you gambled with. I wish I could do it then I would complain to the site every time the euro, the swiss france or the british pound made gains on the dollar each time I withdrew but the reality is you gamble one currency you get paid out in that currency regardless of the time banks or in this case the bitcoin network takes to credit you that money.

and besides its still the same amount of btc that you withdraw house won't change that you can always wait for another pump if you want
so same exact amount that you wanted will be able to exchange to your fiat.

I like Crypto-Games, but they don't have batch withdrawals like at YOLOdice or Poloniex, they are far superior to instant transactions even with flexible fees because of their cost - just 10 000 satoshi. This is possible because transcation fees depend on size, and size is determined by number of input and output addresses. Input addresses add much more size than outputs, so it's cheaper to send bitcoins from one address to multiple rather than from multiple to one. So with batch withdrawals you have to wait till enough people want to withdraw and then send it in a single transaction.

Yes I agree the fees is not really a great problem for the gambling sites. But if we look at it these are the indirect expenses for the gambling sites and all the business want to reduce the expenses. The extra fees should be paid by the winners themselves to accelerate the transaction confirmations. I don’t think the gambling sites are responsible for it.

Fees are just getting out of hand now.
I just paid over $4 on a send of just a little under $8.
This has just become intolerable now to continue to send bitcoin at this rate. >:(

I think one of the reason Ethereum price on the rise was because Bitcoin were having too much unconfirmed transaction in the blockchain, and this resulted in a lot of players to use higher miner fees for their deposit and withdrawal on bitcoin casino sites, and even with the high fees, sometimes the wait for the minimum confirmation required could still take a long time. I have also been playing with ethereum deposit recently because of the faster confirmation and the lower miner fees that I have to pay  :)

Nah, casinos won't care and they still process your withdrawals with the appropriate fee that is available during your time of withdrawal so as to avoid further confusion and hassles on both parties. Also, it is not their fault if prices dropped during your withdrawal. That is way beyond their call anyways.

That is too much, to pay 50% transaction fee is ridiculous! Maybe you need to think about changing your wallet, some where you can adjust sending fee. I wait for my transactions and I don't complaint much cause I always set up minimal sending fee, but there was cases where I waited more then 3-4 days, but sometimes it's fast.
Casino's don't have nothing with price of bitcoin and transactions, and I don't understand why would they be responsible if price drop while you wait for confirmation? Would anyone return money if price goes up?

You missed point of this discussion.
We are talking about fees in casino, not bitcoin fees in general
But yeah, i couldn't agree more, it's waste of money to send low transactions because of very high fee.
I think more and more people will start to use altcoins instead of bitcoins - low fee - fast transactions. Problem solved.

That’s right, Bitcoin Casino owners can do pretty much whatever it is that they want and set the transaction or betting fees at whatever price they please because they own the Casino. The people complaining about those fees may not be making as much money as them though it does count as a privilege to play in the Casino right now since there is no highly reputable decentralized Bitcoin Casino platform that is on the Internet for people to use at the moment.

What are the number of unconfirmed transactions total now?
I heard they were at over 200k but that was over five days ago.
There was a link to see how many there are. It was from blockchain i believe but couldn't remember the link to it all the sudden. :-\
I think I am having an aneyrism or something thinking of all these unconfirmed now which are all costing us big time to send out even a small amount now. :-[

Yes, bitcoins are no more attractive for smaller amount transactions instead if you want to do big amount still OK, But I suggest we need to move to alt-coins for smaller amount transactions otherwise there is no meaning to pay 20 to 40% fee for the small amounts to send. This will give an opportunity to another coin to grow bigger and currently looks like best altcoin will be ETH.

Changing a wallet won't change much, just the recommended fee..
You can send a lower fee but will it confirm?

It's true fees are going out of hand for quite some time, bitcoin has some big scaling issues


If you look at the market a year or more ago, you'll notice no alt coin can come nearly as close to bitcoin at all
Today we have many alternate cryptocurrencies that have huge market caps even comparable to bitcoin itself
It's all because of the scalebility issues, nothing else.

Perhaps Bitcoin, because of its high cost of translations, may become irrelevant, since it will be simply unprofitable to use Bitcoin for a simple Bitcoin user, when transfers from Wallet to Wallet or Paying something will be very expensive, because very small amounts are transferred.