Bitcoin Forum

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.

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 (https://bitcoinfees.info/)

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.

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.

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.

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.

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.

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.

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.  

We all knows that for a bitcoin or crypto currency transaction there should be a miner fee to confirm the transaction then how it is possible to send our bitcoin without any fee?

I am not sure how sportbet was doing this? Just doing this as complementary while people withdraws and pay from their pocket?

Withdrawal fee in gambling websites and also exchanges should be the amount they pay for confirmation. They usually consider the fees many times the fee they pay. It's not fair.
They can also allow the users to choose how much they want to pay. But they should consider a minimum amount based on network condition.

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

0.001BTC fee? that's totally huge. I remember that I paid that much but not with a casino but with an exchange.

With the dynamic fees, we have the chance to pay the fee at a very low amount depending on how's the network doing but sometimes it also increase but not that much. And this is a very well appreciative system if you've been gambling with a casino that has this feature in withdrawal.

Huhh, 0.001 withdrawal fee is huge and it's even bigger than withdrawing from an exchange because it's only 0.0005 BTC withdrawal fee on Binance. I would not play on that exchange if that's is their rule on withdrawing our funds. With Sportsbet where i bet it's zero withdrawal fee and should continue to attract customers.

i prefer the lowest possible fee with a decent confirmation time. i doubt that a withdrawal on a gambling site is needed after 1 minute... i think all of us can wait for a few more minutes to get the payment confirmed. i hate it when casinos make a lot of money with withdrawal fees. they got their house edge to make money.

There's no way I would play in a gambling site with BTC0.001 withdrawal fee per transaction, that's too huge, even higher than most exchange with only BTC0.0005 withdrawal fee, I know they are in different industry but I just like to compare.

Anyway, you are promoting sportsbet, I think they have the best withdrawal process which are instant and free, that's why I like to play in that site.
But for other sites, since I don't really gamble much expect sports betting, I would be okay with a withdrawal fee within the range of BTC0.0001 to 0.0002.

Having options regarding withdrawal is really favourable to most players.
And yes, if you are not in a hurry, you can always opt to the lowest possible fee the site is charging.
But sometimes, it is disappointing if they are charging high fees and you see your transaction to have only few satoshis paid for that transaction.
But I understand that is part of the business, but they should consider also the sentiment of the players.
For me, utilization of lightning network for a certain gambling site would be a nice feature to address this high tx fees.

10k-20k satoshis is fine with me. But more than that, there should be a good reasoning why they are charging higher fees. Either the transaction is faster than a regular btc transaction or the user chose the priority level, which is the most expensive option.

imo, 10k~25k satoshi is reasonably fair but with certain minimum withdrawal amount
they can do batch payment every 15 minutes to make withdrawal processing even more efficient
because without minimum withdrawal amount, people will just abuse it for whatever reason
perhaps extra option (priority) by doubling the fee for immediate processing or below minimum amount
some people are willing to pay extra to get their money in their wallets a.s.a.p.

BTC.001 is too much for a single transaction there's no good reason for a casino to charge you BTC.001 just for the fees the highest fees that I paid recently was BTC.00027 from cloudbet.


On nitrogensports they do it only because they're charging one free withdrawal on all their users every few weeks if they withdraw the second time they're charged with BTC.0001.

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

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

The withdrawal fee I consider to be fair will be 10k sat - 50k sat but only some gambling websites which use that amount of the fee to send the withdraw. Sometimes the fee will be bigger because I have that experience in the past, but I don't mind as long as the bitcoin amount can arrive in my wallet without waiting for a long time. But for 0.001 btc as the withdrawal fee will be too big and I don't think that gamblers will comfort with that because their money will reduce to big too.

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.

Basically we have 3 options, one missing option is the "free one". There are still some sites charges no fees on withdrawal such as sportsbet.io and fortunejack. For me, as long as the withdrawal fee is reasonable enough compared to the mempool then I can say that it is fair. Reasonable means that is not much higher compared to the latest fastest and cheapest fees for the transaction.
Win-win solution fee should be the dynamic fee imho, so players can choose which priority fee for their 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.

Upto 0.0002btc seems to be a fair amount for withdrawal. These days most of the gambling websites aren't charging any big fees on withdrawal. Most of the time before withdrawing funds I used to go for a roll on dice or other games to compensate my withdrawal fee.

It is heartbreaking to see a fixed rate during withdraws and I have felt pain after see minimum withdraw of 0.002bt at stake.com. it means you cannot withdraw your funds except you have up to 0.002bt. It will be good if those terms are reviews and flexible fees that charge on percentage are introduced.

I'd gladly wait for my withdrawal to be batched with others if I don't have to pay for the withdrawal fees like FortuneJack's system, even if it does take a little while for my funds to get sent out. Allowing customers to withdraw through this method or to pay a fair rate at something like 0.0005BTC-0.001BTC or potentially dynamic fees based on data from a site like https://bitcoinfees.earn.com/ for immediate withdrawal would work well too, though to my knowledge no site does this yet. I might be estimating on the higher side for immediate withdrawals considering I'm used to Bitmex withdrawal fees, but it's fair for a quick withdrawal IMO.

Problem with a fixed fee is when its not changed after BTC price changes greatly as we all know it can in some years.   An old website I used to use alot did not change their withdrawal fee in over five years, hence it was something unbelievable like 0.1 BTC to withdraw.    Even on the December low I could never contact them for a withdrawal without spending time to negotiate for something more reasonable.    Basically the place was shuttered, they didnt want to deal with small fry. 

The real question I think is about speed, people should be allowed to withdraw at lowest slowest cost.   If you also want 'instant' withdrawal then you take the hit and maybe it would be $10 but I presume if you are a fast money guy then 10 dollars is fine so long as the service to withdraw is also instant delivery.    
   I would relate this to cash machines, some are free in some countries and some cost a small fortune depending on the currency and the cash used, location and so on.     If you want convenience then its always going to cost some.   I would like the pauper option to always be there for the people withdrawing scraps from their account, perhaps because they went broke which happens to everyone at some point in life.   Not everyone can phone the parents for a small loan of 1 million, its nice to provide a fallback option for people ideally.

The other idea is alt coins, some of which are very cheap to transact.

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.

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

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.

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 ;D.

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. :D

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.

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.

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.

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.

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!

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 .

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 😂

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.

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.

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,...

 

^ 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.

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.

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.

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.



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.


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.

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. :)

The ideal thing to do is gambling on sites with the fixed low fee and dynamic fee. I guess that is what the "Priority approach" means. I know what it feels like when you try to transfer Bitcoin urgently & at all cost only to realize that your new wallet does not have the dynamic fee.

For BTC, I'm okay with a maximum of ~25k sats withdrawal fee, with the expected confirmation time below 8 hours (total). It also applied to exchanges.

If users want cheaper and faster withdrawal, perhaps it's more reasonable to use altcoins instead. BTC fees wouldn't get cheaper anytime soon, even if somehow the core dev could make some improvement, BTC won't be able to compete (in term of tx fees) with POS chains like EOS/TRX which offers instant and "free" tx since it (POS) basically a centralized but distributed database.

A big fee for gambling. I usually look for other options and look for the lower "if it exists".
Mintdice alone is low cost 0.0002BTC for economy class and that in my opinion is enough for me.

Everyone would choose the cheapest, for me, if there's a site that offers a free withdrawal, I'm sure that's gonna be an attractive gambling site.

The average withdrawal fee in gambling sites I played was only around 10,000 sats to 50,000 sats, and I understand that gambling sites not putting a free withdrawal features as with small minimum, it's expected that gamblers will withdraw from time to time, and also some gambling sites even charge higher withdrawal fee so small time gamblers would not withdraw and will just continue to play.

I think withdrawal fees should not be higher than than the estimations on https://bitcoinfees.info/. Users should have been given an option to choose between different speeds/fees, which, for example, currently are the following:

https://i.imgur.com/ZdYHN93.png

If withdrawal fees were 5-10% higher than the figures from the site, I would be okay with that, but they should not be several times higher because indeed, it would  discourage crypto gambling, as the OP said.

For me the amount needed for withdrawal is not really the problem, the idea is to successfully withdraw and also the web sites should be made friendly enough to enable us make wins when necessity lol. It might sound funny but this is exactly what I feel at the moment because the experience I have few days ago have left me speechless and out of words. I lost all the money on that site and until now I cannot explain what went wrong.

If that site made their withdrawal limit even 100k And I won and withdrew safely it wouldn’t mean anything to be but the withdrawal was 10k, which was not bad but I still lost all my money.

You got a point here but example what if the gambling site has a high withdrawal fee let say it's 0.001 or higher , would you still like to withdraw on that site ?  The fees that i state as an example is possible and could be much higher than that if ever btc price rises again  .  

The amount of the withdrawal fee do actually matter dude  .  

The fee that I prefer should be around 1ksats or higher but it shouldn't be above 10k sats because that is already expensive anymore on my side  .

Well, that is probably fair I think if the withdrawal fee is around 2k sats. Even fixed fees but it is still low will also consider as low fees.
There are some gambling sites that you have an option of the fees. There are normal fees, low fees, and high fees and of course, it will occur what time will arrive upon of paying the fees, less amount you pay the longer time you wait. Indeed, there is a term and condition that you always search before you made a deposit.

We cant really say that withdrawal fee doesn't matter yet not all gamblers would really be willing to pay up ridiculous fees.Knowing that not all gamblers
are rich nor wont care about the deduction of fees.Some of them will really keep an eye to this or considered as an important factor because high fees isn't
really that relevant on the possible small profit that they would able to win or make.

The huge fixed fee is actually absurd. The best one is the one where we, the gamblers can decide what fee should be paid. Look at crypto-games.net. They have a slider where you can move it to set your own fee. The best part is, the also suggest you the recommended fee based on the current network situation. They also let you know that if you spend lower fees, the confirmation time will take ages.
Paying a fixed fee becomes totally useless for users who wishes to cash out small profits at a time.

I just for my first time wanted to deposit BITCOIN to a exchange that I have never used before
Lucky for me I noticed they charge a percentage of your winnings which is just absurd
who on earth would agree to want to give part of your winnings to just get your winnings

The 1mBTC fees are huge and it seems like I won't play on that site but fortunately, I've never experienced it. So far I only need to pay fees at least less than $2 and I don't think that's a problem because the instant withdrawals offered are fair enough.

Will pick on dynamic. But make on minimal withdraw limit because we as user know to send bitcoin for now need many for fees too. Maybe 0.0001 BTC for minimal of 0.0005 BTC withdrawal limit is already good. At least people wouldn't make a lot of withdrawal request because of that limit of minimum we can withdraw from a site. At least it is less than exchanges which usually make 0.001 BTC for withdrawal fees.

Fees may vary depending on the value of Bitcoin in the market. Will it glad to have a fix withdrawal fee in all gambling sites but they never have. We have to understand how mining blocks is getting and having 0.0001btc is good to me, it is a fair price already. But it could be much better if it is below to 10k satoshi. We all know fees really matter to us and one thing we look at before we used this site.

A lot of site is have a fixed pay rate but  huge or small amount withdrawal is same pay charge so is better to keep small amount before withdrawing until reach the limit withdrawal for thatnis good strategy to avoid shouldering the huge withdrawal fees for every transaction we made.

It's fair for me I guess, well I don't know for the guys who withdraws with huge amounts, I think some will have slight discussions on why is it that so. For the meantime it is the best we can got and I hardly see people complaining about it, and of course in my case the site that I am using gives me what I need so it's no problem at all.

0.001 Btc?! That is too much for this recent Bitcoin price though.
If any gambling site I'm playing on make a withdrawal fee this high, that will be the last of me playing there or else if the amount I'm withdrawing is huge.
What will then happen if it is that same amount that I want to withdraw.
I think, withdrawal fee should be based on the amount you want to withdraw and shouldn't be fixed. Because some gambling sites are using fixed withdrawal fee to rip off their players.

Small or large fee not matters but why they keep fixed fee?

They need to set the fee of actual miner fee if they want to support the people gambling in their site by doing this they are not making profits when people withdraw from their site and also it will make that gambling site to be instant withdrawal based on the fee what we are setting.

That's not fair for those who have big withdrawals as well, the blockchain process transaction regardless of the amount and you just choose the fee you want to pay, the site knows that, usually they pay a fix blockchain fee that's why they also charge a fix fee regardless of the amount of withdrawal but they charge higher because they also make money on people who like to regularly withdraw.

I personally more liked fixed withdrawal fee so whatever amount would be withdraw whether it low or high amount of bitcoin then the amount of fee will not change and approximately 20k to 50k satoshi for every transactions will be reasonable for me

As far as I know, withdrawal fee never depends on the amount you want to withdraw. I have never seen such a thing on any gambling site I was playing on. It's either a fixed one or a floating one, depending on the current Bitcoin transaction fees.


Those are very high fees for the current situation. Why would you agree to them when they should be 7-8 times smaller, currently?

I think that is exactly who you are and your friend is definitely not wrong. It is a business for crying out loud and it wont be wrong if they use any means possible to make their money after all, they didn’t force anyone to play on their site, you chose to do so, so you should be willing to keep up to their rules and standards.

The only aspect I am not too cool with on gambling sites is having a fixed amount. This wouldn’t give players the right to other options, I sometimes wish i had options to choose from sometimes when I am to withdraw and I feel bad having to accept the stated percentage been requested by the site without considering gamblers opinion.

Correct, that does not depend on the amount of bitcoin that you want to withdraw. Because the withdrawal fee is already fixed on gambling site, either they will have an option lower, higher or a normal transaction fee, you can choose the higher which is expected high fees compared to normal fees(if you are in a hurry you can choose higher fees option). I don't know if 20k-50k sats will reasonable fees, probably that was a too much fee. You can always check the gambling website before having any deposit to avoid a possible problem.

FortuneJack has no withdrawal fee, which is really customer friendly imo. Either that or just charge the miner fee.

One thing that avoid in gambling sites is wherein the fee is proportionate to your total cash-out value. At hindsight, one might think that the fees are low but it starts to skyrocket once you deposit cash, gamble, and withdraw in a consistent basis.
As for my standards: I only look for these two (2) specific qualifications in terms of withdrawal fee:

• Fixed withdrawal fee and;
• Active community and customer service

.

Without those two qualifications, I would seriously consider my decision and eventually, move on to another gambling site. But I am highly flexible when it comes to these qualifications though.

I am hearing this about fortune jack for the very first time and i must confess they are awesome for this singular act. I always heard of the site but never visited but this is act just got them a new player and i will do well to recruit new gamblers on that site.

It has been my wish that gambling site makes the withdrawal fee free, it doesn’t reduce the site in any way. These people make good money and not collecting fee from withdrawals will not affect the sites growth in any way and moreover this would even make more gamblers want to play on the site just like i am about doing now. I have just become a big fan of fortune jack for this single news i have heard about them.

I think depending on how much the withdrawals is,because what if you get to win the jackpot and still 20k Satoshi ?thats even lower and unfair for the gambling site
Maybe better if that’s the minimum fees and may occur changes depend on how much The withdrawals and I guess maybe 2-5% of the total amount is enough for me,and also enough for the site as well

0.001BTC=10$
In my country I can feed my self with that for a week. 10$ as a fee is too much. I know there are sites that has a high fixed fee
and I never consider playing on a site that has a fixed fee unless if the fixed fee is reasonable enough.


I think it is unfair for the player. the player doesn't get anything if they lost to the gambling site. also a gambling site rarely lose and for them to have a fixed 2-5% withdrawal rate from the
total amount of the winnings is not fair.

Proportionate fee doesn't depend on the value of your withdrawal its just based on the current memepool status,so you will get less fee when the memepool is empty.Even if it is clogged then low chance to pay a withdrawal fee like 0.001BTC for a transaction so you need to consider your terms while looking for the gambling sites.

On fortunejack they have a rollover on deposits the profit they get from those rollovers would easily cover the withdrawal fee so it's unlikely they'll be affected by the free withdrawals.

Having 2% - 5% of the total withdrawal as transaction fee isn't good for the players it's similar to a fix fee and to have a higher fee you're forced to withdraw more..

The variable rate based on the current network fees is fair for both the client and the casino. I also like 2 options which are instant withdrawal higher fee and a lower fee delayed withdrawal. It's all fine as long as you can see they aren't trying to rip you off.

You can spot a site ripping you off if you go to https://bitcoinfees.earn.com/ and see that the next block transaction costs is x and the site is asking for 10x or 5x.

When Bitcoin was around 3000 to 4000 dollars the gambling sites just 0.001 or 0.0005 BTC as withdrawal fee.   That was quite normal and justified.
But then Bitcoin reached 10000 to 12000 dollars and they still charge the same amount of fee in satoshi value which amounts to $10 to $5  which is quite high.
I think with the current Bitcoin price, the withdrawal fee should not be more than 0.0002 BTC.

The withdrawal fee amount does matter the gamblers.  When the fees is high many gamblers will not like to withdraw the amount from the gambling sites often.  They prefer to keep their winnings and savings within the gambling sites which is in one sense good for the gambling sites itself.  Secondly if anyone want to withdraw small amount like $30 - $40 and paying $10 as transaction fee is not practically feasible.

Even if you place of fixed low fee  as a withdrawal fee,  it may not fulfill the purpose because of the Bitcoin prices volatility. It is much better if the withdrawal fee is calculated in terms of dollars like there should be a fee of 1 to 1.5 dollars and it can be converted to the current Bitcoin prices at the time of withdrawal.  This method will be fair enough for the gamblers and the sites also.

Miner fees are not calculated interms of dollars so having the fixed withdrawal fee as some dollar is similar to the fixed bitcoin fee,the fair enough method is just calculate the fee dynamically based on the memepool status.

"Free" should be standard for any decent casino. I can live with incredibly low and fair withdrawal fees, like Bustadice, but free withdrawal is ideal.

Other casinos (in addition to FortuneJack) that I use that pay your withdrawal fees:

BetChain
BitcoinPenguin
Nitrogensports (one per week)

Don't know about many others...

You will not find many casino where you get no withdrawal fee other than the ones you stated above. The casinos make a lot of money and it should not be hard for them to pay this transcation fee. I remember in early 2016 when i used online wallet XAPO which used to give Tx free withdrawals but then as the bitcoin prices started to rise, it was no longer feasible for the companies to bear this fee.

I will consider it fair if a gambling sites have low withdrawal fee when you want to withdraw your funds. In my opinion, they can still earn profit even if they don't have withdrawal fee or low withdrawal fee since most gambling sites are in their favor in terms of earning money so it is fair enough for gamblers to pay less fee or no withdrawal fee.

Gambling sites don't adjust their withdarawal fee in terms of the current price, they only adjust it if their fixed fee isn't enough for most transactions.

But most sites that i've used have a very low fee and those who can charge a very high fee(above BTC.0005) usually have an option to use smaller fees.

It does matter, when the fee is too high then gamblers wont even play on the site. Keeping or saving your bitcoin on the sites wont change anything as most likely you will gamble it away. Luckily, most gambling sites are now charging low withdrawal fees only so it wont be a big deal for gamblers to withdraw small amount of money. There are also some sites with no withdrawal fee at all, hopefully all gambling sites will charge no fees in the near future.

Well, that is right. Every online casino has a withdrawal fee but before we deposit try to look first the Tos of the sites or even the FAQ so we know how much the fee they are going to deduct on your transaction in withdrawal. No one gambling site will cover the TX fee even though they will earn profit already on the site. Indeed, for me fixed low withdrawal fee is considered fair for me, no matter bitcoin price will up or down the fee is already fixed.

Withdrawal fees should be zero. No matter what the coin is. If your business can't handle those fees, it means you are not making enough profits and you need to try harder.

Some exchanges/casinos I know has either zero or close to zero fees which means it is possible. Whenever I see that $5 fee on btc, I starting to think that casino/exchange/whatever is trying to scam me because I definitely know it doesn't cost $5 to move bitcoins.

it is possible to have withdrawal fee of almost zero if they are using the lightning network. but if not, expect that they will charge you at least 5ksats. but the normal rate they are charging is in the range of 10k-20k sats.
more than that, start thinking why they are charging high fees. and if its not reasonable, stay away from that site. they might be doing something wrong in their operations.

In my opinion the most right thing to do is to let the user choose the fee like a regular wallet
If you need the money fast, pay more fees, if you can wait some time, just reduce the fees and you should be fine

I don't like the idea of high and fixed fees, in gambling sites and in exchanges to

I also believe that withdrawals should generally be free, unfortunately many of those gambling operators still charge. My main bookie does not though and no fees is one of the reasons why I prefer to place my bets over there.

Ideally, fees will be considered when you move a huge amount of BTC or whatever it is as a service charge. The same thing it happens in making a ride with a passenger jeep which we pay for after we brought us into our destination. Fees are what it helps them to survive, only we ask for a small charge and it will be fair for everyone and in both parties.

Fee may actually vary from casino to casino. Like we have different fee being charged on different crypto exchanges. Same is the case with casinos too. One providing great services will charge you a bit high as compared to the one that does not provide you great services. I think there should be a set amount of it to be charged. It could also increase with rise in the cost of operations of casinos.

I don’t think I understand your definition of greed in this context. What is wrong is one desiring a free withdrawal fee and how that affect gambling business does. Are you aware that this people make a hell of money from gamblers or do you know what it means to constantly loose to a casino site? I want to believe you have never lost if you have, you will understand where the upper poster is coming from.

Basically, I would support any kind of fee, I would prefer there is no fee at all or very minimal. The most annoying ones are the fixed fees. This one to me is wrong, I think leaving players to options is more preferable.

Majority of the gambling sites that I gamble with charge little to no fees which is why this was never an issue for me. I usually withdraw only after I win a decent amount and I never faced any problems with withdrawals whatsoever.

Exchanges are far worse in comparison charging hefty fees whether BTC value is low or high. Gambling sites are much better in comparison.

That's true .. i think most crypto gambling sites applying a zero withdrawal fee unlike an exchange that i think recently actively making a crazy withdrawal charge.

I personally never play at a sportsbook/casino that takes withdrawal fee from customers , as far as i remember sportsbet.io , jetwin and fortunejack has no withdrawal fee.

But yeah if there's any .. i would'nt make much complain as long as it's on a range like $1 to $5 , that's okay. Still of course a free stuff always something that everyone wanted  ;D .

Mistakes can still happen when taking that approach.
While it's good to have a dynamic fee suggestion, one should also have the option to add a slightly higher fee.

Many gambling sites do have an approach similar to this, but usually with some sort of fixed fee.

You are very right and this is the aspect so many of us are not getting right. Different sites operate with different cost and it will be wrong an quite difficult for all sites to do the same thing or have same the same amount of withdrawal fee. Let’s learn to understand that some casino sites actually offer better services and we would not expect them to give same rate with what some other casino sites are giving, it is optional and this is the reason for a lot of sites out there, if you don’t find the conditions and withdrawal fee of one suitable for you, you are entitled to looking out for others, but we cannot impose our desires on a casino site.

I for one, I prefer a site that would give me an affordable withdrawal fee but then I would not mind paying more if safety is guaranteed on same site.

Sites which I have used have a fee as low as 0.0002 which is fixed and their transactions get confirmed within 5-10 mins max. 0.001 BTC is usually charged by exchanges and not gambling sites. Better to avoid such websites unless you are wagering and withdrawing big amounts.

Primedice used to have 0.004 BTC as the minimum amount to withdraw and huge fee earlier but now it seems they reduced it to 0.00005000 BTC. Do these transactions get confirmed soon?

It is not very ethical for the gambling sites to charge BTC0.001 as withdrawal fee for a single transaction, as the current rates are 1/20th of that amount for priority transactions and 1/100th of that for normal transactions. How can they charge 100 times that of the prevailing rates? Also, most of the sites do bulk transactions, which reduce the manpower and time needed to process these withdrawals.

Not the best withdrawal fee to think off. This is almost $11. For me the best withdrawal fee and the most reasonable is half of your given price. Gambling sites shouldn't be like exchange. Exchange right now are collecting big amount of fee from its users. It's very discouraging to use a platform with that rule.

Windice do have a adjustable one when you do tend to make a withdrawal

"We use smart fee policy, and system determines the balance between price and speed of transaction. This will ensure transaction being fast and cheap. Fee is limited by cap 0.0002"

I do prefer on having this way.

True, 0.001 BTC is quite high for gambling site. Maybe 0.0002 like what someone tell above still on fair place. If exchanger have a lot of fees from people's trading activity, maker, taker takes fee, and usually they take 0.001 BTC for withdrawal fee. I think for gambling it is too high.

It's rare to see gambling sites which only charges 0.0002 for their withdrawal fee as well as in trading. 0.001 btc is usual for both platfrom and is also ideal. For me it's fair for gambling sites specially for those high volume gambling sites. Comparing to trading; I believe that it's still more expensive in trading since they charges trading fee too aside of withdrawal fee.

For me it's not ideal, 0.001 BTC is too much for small time gamblers, and most gamblers in crypto space have a lot of small time gamblers.
0.001 BTC withdrawal fee is even high for exchanges, Binance as one of the most popular only charge 0.0005 btc, and I think that's the normal fee in an exchange. Hey, try to gamble at sportsbet, they don't have withdrawal fee, everything is free.

0.0002 btc is the best fee of withdrawal for the gamblers because that fee is not too high. Besides that, if we could only win 0.001 btc and the fee is too high, it is not worth to withdraw because we only get small money from that. As long as the fee of withdrawal is not more than 0.0005 btc, I think it is fair enough. But some exchange has been used 0.001 btc for the fee and that will not good for them as people want to use small fee for the withdraw.

Of course no one will consider a huge fee when it comes gambling wherein it always fixed and low fees in my opinion .  Because gambling is not an easy way to make money.  So we really need to find some provably fair gambling site that always offer lowest fee .because it's very unfair if we gamble and after that, we need to pay a huge fee when it comes withdrawal.

Honestly it is painful. Gambling is not easy on its own, only for one to win and be asked to make some irrelevant charges. I feel very bad each time I am in a position to make this payment. These gambling sites make a lot from the gamblers and leaving withdrawal charges is the lowest they can do for players and I really don’t know why no site can come up with this.

In my opinion, since they cannot make it free, they should at least give the lowest prices and charges, and also make the gambling site very convenient with varieties of games, this way, we would be encouraged  to keep on with the site not minding the withdrawal fees.

I think so, most gambling sites do not really provide a large nominal fee that is burdensome for players, instead exchanges that give very expensive fees. Gambling sites are still reasonable in taking fee withdrawals and I do not pay too much attention to the fee  when I get big win in gambling

I personally prefer gambling sites which allows their customers to choose the withdrawal fees from a few options, as customers who are not in a rush to receive their money could always choose the lowest withdrawal fee option and thus they would be able to save some money on the withdrawal fees. And for the group of customers who always prefer to receive the money as fast as possible into their crypto-currencies wallet, they could always choose the highest withdrawal fee option.

Basically any gambling sites can make it free, there are some casinos charges no withdrawal fees as I have mentioned days ago in this thread. Of course every casino has their own policy about this, as players we can only suggest them if we see that the withdrawal fee is too expensive or too cheap. Sometime too cheap does matter for gamblers because it may result in long time confirmation process. The best option for gambling site is basically by giving option to their players to choose the amount of the fee based on the latest network condition.

I often make withdrawals on the Windice site. Low-cost withdrawal of Bitcoin, dogecoin, eth and ltc. It's just that the minimum withdrawal is still large, I have to play again to reach the minimum withdrawal. The withdrawal fee is very low in my opinion.

I want to throw a simple question to you and I hope you may find time to give me an answer. Do you think there is anything wrong with walking into a supermarket to demand for free products, just because you believe they make so much? Also would you ask a bank no to remove debit charges because they make money? Of course no, so why do you think those who want free withdrawal aren’t greedy? It could be little and not fixed or if at all a fixed amount, it should be very small but free is definitely not possible since it is a business and a lot is spent on running s nice casino site.

All I care about is for the fee to be fair enough and considerable because I understand that there are still expenses done on the side of the casinos.

Don't you think why gambling sites charge little to no fees is due to huge amount they make from gamblers?

Well, there are quite a number of exchanges with extremely low fees. They are mostly decentralized exchange.

I honestly don't understand why some (or most?) exchanges charge so much in fees. They charge trading and withdrawal fees. The withdrawal fees are usually the highest.

not all are gambling sites have low fees  .  there are some that have a high fee compare to the other gambling sites that id visited with   . same as with exchanges  . its only up to the owner if he will set a high fee or a low fee but good looking sites usually have a high fee, this is to make thier service even more gooder ( or in other words to be fast and less hassel )  .

Really? what's the range of high fee based on your experience.
I think good site does not charge high fees because they are already making a lot of money coming from bets, with low fee, they will be able to attract a lot of gamblers as what makes a gambling site more successful is the volume of traders coming in to play than the amount of bet they will put.

Let's put it this way, if that gambling site has a small gamblers but big time gamblers, that's not good for the site as anytime these gamblers might leave and there's a big effect on its profitability.

There is no question with Windice site cause they fairly follow what gamblers tend treat with fair and acceptable fees. We only have some problem with the others which setting to the high fees. Isn't a big deal for big traders but for starters and low capital gamblers wouldn't be a fair for them.
...0.0001BTC will be good for me.

Yes this is best site it gives confidential rating with giving small withdrawal fees and it allows to give good earning in games as well. While using bitcoin just stay careful the fees must be low but before and after withdrawal just check your bitcoin also count the withdrawal coins fees while getting these kind of websites.

Fair to me is:

-Provably fair house odds that are preferably stated on their home page

-Fast and easy withdrawls without any hassle

-No cancellation of bets unless the user is found cheating

10 satoshi for every withdrawal we make is that the right and fair for every players. Windice is fair gambling site and highlu recommended for the everyone To that site . Unlike to the other gambling sited their withdrawal cost was very high like 50k satoshi per withdrawal which is not fair.  We have the right to choose what gambling sites we play and windice is best example for that.

Gambling sites with a lot of users profit from the house edge, not from users' losses. Some players win and other players lose, it's almost 50/50, but it's not exactly 50/50, it is shifted a bit in the favor of the house.

You are right that having small amount of players is not good for a site, but it's not only bad because it has negative effect on its profitability, but also because someone can win big by chance while there are not enough players to statistically balance that.

Having low or no withdrawal fees at all is better for a gambling site because they can attract many players this way, and to be statistically balanced you need thousands of players online every hour.

With a high enough bankroll i suppose that the dice can ignore the amount of players, or maybe worry just when there is some high roll activity from many users and a large amount in winning is expected.

I agree, if a high roller makes bets with 0.1 BTC it can be hardly balanced by other players betting with 1 satoshi. But in reality it's almost never the case. In reality on a dice site with around a thousand players online, there are several people betting with 0.001-0.01, and many of others making much smaller bets. Thus all the wins are balanced by losses, and the site just earning from its house edge, never getting much from big losses and never losing much when someone wins big. That's why it's safer for a site to have many of players. And if the withdrawal fee is too high, this will hardly attract players to the site.

I never knew there was no withdrawal fee for sport bettors and I am reading about this for the first time.
It is impressive and really good to know that such exist at sports bets and I am left with no choice than to start playing sports bet.

I am the only one among my friends that isn’t into sports bets and my friends have never mentioned to me that they do not have withdrawal fees each time they make withdrawals. I am motivated and it is time to explore. Zero withdrawal fee is what I would love for to see on a air casino site and now that I am aware of sports betting, I have ported and nothing can stop me.

No, that's impossible. All the gambling websites including those are active betting on sport games deduct some amount of bitcoin from your balance when you withdraw some bitcoins. I guess Japinet is referring to a special platform which I don't know that.
Spending some bitcoin as a withdrawal fee is needed in every website I know. The amounts are different. But the fee in none of them is zero.

If you compare a lot of gambling and trading sites, you will find that most of them charge high amount of fee.  When you consider that they earn too much money, why can't they offer free withdrawal fee ? 


I think this is to prevent people from withdraw money from the gambling sites as when the withdrawal fee will be high people will recommend to keep their money on the sites and withdrawal in case of urgency only.