Bitcoin Forum

Hi, i am offering a service to exchange smaller amounts of bitcoin between a few trusted sites I have dealt with and believe are reputable.

How it Works
I will accept tips on the supporting sites in exchange to send to your account on another supported site. This helps bypass the sites withdrawal / cashout fees which are usually pretty large due to the higher transaction fees on the network.

How can you afford that?
I hold bitcoin on the supported sites listed. These sites all allow tips / player to player transfers with little or no fee.  This is how my service works and I can charge smaller fees than trying to withdraw bitcoin to another bitcoin supported site you want to use.


Current Supported Sites
 
www.bustabit.com   (Immediate Withdrawal Fee = 150+ bits)
www.bustadice.com     (Immediate Withdrawal Fee = 150+ bits)  
www.TIP.cc Discord bot    (Immediate Withdrawal Fee = Always Changing)


https://www.satoshisaves.com

as you are new to this service, you need to build first your reputation here. and that would take time. you have to understand that it is quite hard to trust your funds to a newly-introduced website. you are already offering economical fees however i guess it is not enough to attract potential customers. think of some promotional rewards for the first use (just an example)
maybe add telegram also as one of your contacts other than the chat support system.

Interesting concept, although I'm sure the use case will be very limited.


I agree. Consider adding live support channels, or maybe make the website more palatable because now it looks pretty stale in the design department.

The service is quite interesting and will be much preferred, but for some reason I want to know how this service gets operated. Because, every gambling platform have got its own automated withdrawal system. Whenever an user wants to make a withdrawal, automatically on approval it gets credited to the address added on withdrawal. Here which way you'll speedup the withdrawal process.

How do you expect anyone here to trust a newbie without high green trust ratings? Your intentions seem right, but you need to build your reputation in this forum in order to provide such services successfully op.

Currently, the high BTC and ETH fees can be tackled through transaction accelerators, using altcoins whose TX times and fees are low(LTC, XRP etc), LN etc.

Also, are you using some kind of secret wallet or something since I never heard of a wallet that allows sending BTC successfully without providing any fees?

thanks for all the feedback,  i am new so i understand the trust issues.  I have been operating using the spam chat channels on bustabit and bustadice to get a small customer base.  I wanted to try and expand and found another reputable site in stake.com and though this forum might be a good place to atleast get the word out more.

Ill hopefully be doing a rework on the site design. I am not very good design or coder so have done it on my own.  I will try to get more ways of easier contact besides just the live chat.

The wallet I use is a pretty large one that does many transactions a minute that they do not charge anyone to send bitcoin, only when you purchase it or sell it.  (the buy and sell transfers i think cover all the fees for the onchain transactions)

Can you share how this works? Who's paying the transaction fees?

This has stoked my curiosity. If it's is a large wallet as you mentioned, it must be a popular one used by many people, but I have used many popular wallets and never found one that matches this particular description.

I still don't understand how they manage to stay in profit if they cover TX fees of their customers. Can you specify the name of the wallet here?

The idea could work, but I also think that many players do not trust services like this very fast. This is something that needs to built up trust.
I am also not sure how they can get benefits from this service. There should be an idea behind if of course. Maybe just built a reputation first and charge fees later on.

ya.ya.yo!

Great to know that you are hearing our feedback and hope you will manage to build a great project. Cheers!

This is quite interesting, but there is already a similar service called CryptoGamblersPub, have you heard of that?

If yes, then how exactly are you planning on differentiating yourself from their services?

Also, it'll be very hard to anyone not playing with dust to use this service. The risks involved in getting an arbitrary third party handling your coins is simply too immense for most people to take on for BTC amounts of more than 0.01 BTC.

Well, it quite a unique exchange to able to convert bits to bitcoin, but can you explain why this service is better than we use a gambling site. As far as I know, Bustabit withdrawal from your bits and it will arrive in your wallet is bitcoin and I don't have any idea though if how much the fee. However, reality comes to end, since you are a newbie introducing your website, you need to run it here as a business to prove that you are a legitimate exchange and gambling site as well. I hope you will respond to your thread as a publicly known to others the same question as to them.

Im also wondering the same thing on who the hell would really be paying up the fees if both OP and the user wouldn't really be wasting up too much money with transaction

with still having an option to set out higher fees? I don't see any service nor wallet to have able to bypass out the network unless if you do pay up big fees then
that would be only the best thing you can do to make fast confirmation.

Just like on what Loyce been suggesting, it would be ideal or much preferred on how things been done.

It seems that you do not even understand what is bits what is mbtc and etc. Bits, satoshi, bitcoin, mbtc, ubtc are just denomination of bitcoin itself. If you are confused, here is a simple example: 1bits = 100satoshi = 0.000001btc = 0.0001mbtc = 1ubtc. There is no converting process in this case obviously.
The main idea of this project is to give you an alternative way to cash your bitcoin out from the supported casino with lower fee than what is charged on the casino. The big question for this project is about the claim that he use a bitcoin wallet that does not charge transaction fee. Does such wallet exist? I have never heard about it before, if such wallet does exist then I believe many bitcoin users will use the wallet (in case the wallet is reputable).

Yes, an example of the process (with images, if he can't make a video) is a good one to present how this system works. Because from his website, you don't know how this service works. How can a players use this platform if he doesn't know how to use this third party exchange. Maybe add an FAQ also to know more about this platform.

It's an exchange to gambling sites that are listed on his thread, it's a newly created site and your chances to lose your money here is very high, because we don't know who we are dealing with and he just comes out with a site and an offer, the offer is good but reputation and feedbacks plays a major factor when it comes to this kind of offer.

There's no way to avoid the fee unless if the site covered the fee for their customer that has a transaction and wants to avoid the fee.

I don't understand even how it works, but the site needs legitimate proof before offering this service, it will I guess risk us to trust without any explanation of how it works. And yes, suggestion above was right, just show the proof of this even on video on how this technical stuff going on.

It's very interesting when someone talking about the ridiculous fees of bitcoin which is totally high.

The way I understand it, the idea is to reduce the fees for gamblers, right? That's useful because if a person has some BTC on one website, but wants to transfer it to another website, it would mean paying a lot in fees (especially Bitcoin transaction fees which are quite costly now). But as some others, I don't understand how the op's service allows saving money during this process because somebody does have to pay the fees... It would be helpful if op explained how this is technically even possible, and also whether the casinos are okay with this practice.

Yes, improve your website and I think it's a good idea if you put up some visual materials on how the process works. If your service really works then that's easy for the gamblers who are into those supported sites of your service.
With the fees that are not that cheap today if it's converted to USD seem to be high and paying only with those amounts for the fee that you've listed seems to be unbelievable.

You got to work on that reputation my man, good luck though

So, snipping out this paragraph or sentence alone then im still boggling out my mind on how would you make out external transactions since we've been talking about exchange in different bitcoin gambling sites.

This isnt something that you can see on exchange on-chain transactions which you cant really be charged off with any fees because its just an internal transaction which is a common thing
but this one talks about crossing with other sites then i dont see any possibilities.

You should improved first:
1.Site design
2.Put up FAQ on how things works- Clarify the system

Before you can get any trust or support into this place then you should really need to work hard to attain that.

its not interesting anymore then if they are not the first to introduce this kind of service . i was also going to comment cryptogamblerspub but i was late a bit to comment in this thread .

 their difference is obviously the name of the site which is satoshisaves  but its name complement in thier service because they have a lesser fee than cryptogamblerspub and another difference is that they support gambling sites that you cant find in the simillar competitor . in cryptogamblerspub they only support primedice , stake and windice .

I have updated the site a bit to try and make it not look so... poor.    I have added a few other ways to contact me as well.

I seen there is alot of people wondering how i can offer this yet still have the bitcoin transfers pay enough fee for the miners to include it in the blocks...

here is my best explanation


How it Works
I will accept tips on the supporting sites in exchange to send to your account on another supported site. This helps bypass the sites withdrawal / cashout fees which are usually pretty large due to the higher transaction fees on the network.

I will also accept tips on the supported sites and in exchange, send the bitcoin to any bitcoin address you want.

How can you afford that?
I use a wallets like cashapp that allow me to send bitcoin to anyone at no fee.

No Fee Bitcoin Wallet Proof - https://satoshisaves.com/nofeewallet.png

Cashapp compiles all bitcoin to bitcoin transactions along with all users who buy / sell their bitcoin into one large transaction every few minutes. The fees to the buyers / sellers are where the miners / transaction fees are covered allowing bitcoin to bitcoin transfers to be free.

How can your potential users know that their funds are safe upon successfully sending their bitcoin to the wallet that you are using? It will be hard to put on trust to someone who's just popped out offering the service especially bitcoin currently is achiving new heights. Please add more details how can users trust your service.

This is not how the service works, users do not send the bitcoin to his/her wallet but users send it to his account on the gambling site by the tip feature. Simple example: you want to withdraw your balance at Stake, if you do it directly from Stake then you will be charged 25k satoshi/250bits but if you use this service by tipping your balance to his Stake's account then he will send the same amount from his own wallet to your wallet but you will be charged less for the fee. Of course, trust is the main important thing here. The same as what is offered by Dinabot/CryptoGamblersPub when they announce their service for the first time.

Thanks. But yeah, the main thing really is how can he gain the trust of other users for his service. He can gain some trust from those users who already tried his service but anytime, in this kind of service, it is possible that he can just take the money away especially if the money is big. Maybe it is better that he also include some of his identity for this kind of service.

still offering this service...  main services so far are bustabit and bustadice but have added some other options aswell.

Good luck all!

I haven't looked into this too much, but want to say it's an interesting project and, assuming you have no malicious intent,  I hope you don't let all the attacks here and in other threads discourage you too much.

Im very much interested, its like Dinabot in Stake but you will gonna offer the smallest fee. I usually not using bitcoin to cash in and withdraw because of the congested transactions and high miner's fee. In that case, how we can assure our tip will be sent out to the trusted one?  

Has anyone here tried it?
@op whats your telegram name so I can reach out and ask you more about it?

OP doesnt have telegram but instead  a discord. https://discord.com/invite/EdXqBEezgp you can also contact him on here POKERHOST.CO@GMAIL.COM
When it comes to idea then this isnt something bad at all but as expected for most people whom do criticize which is mostly having problems with trust issues.
I cant blame them though because you can really see the tendency or chances of scam on here depending on op's intent.

Thank you!  It can be a little dis heartening but I intend to keep going and offering the service as long as it saves players and I can make a few fees from it.


As for security and risk of scam, I am thinking of finding a trusted member on here to hold a certain amount of bitcoin as an added layer of trust.

With the service i provide, it is mainly for lower transaction amounts of $1 to $20 as those are the ones most affected by the $10 bitcoin withdrawal fees most sites charge.

Why your site is indicated that the service has been running for ten years if the site was registered less than six months ago? Am I correct in understanding that the exchange process is not automated, but entirely manual?

https://susepaste.org/images/33673083.png
https://susepaste.org/images/97373543.png

Nice catch, it is hard to say that it is a typo since it is a big difference with their domain age.
Is it to boost reputation so users may think that it is a site that has been operating for many years?
I wont speculate too much but lets wait for OP clarification about this thing.
A simple thing indeed but can be something big.

Thats awesome to give people detail about the service. The domain getting registered two years back, but they're having ten years of experience in this service. This is truly into controversy. The team might've thought of misleading Satoshisaves relative to satoshidice. Satoshidice is registered almost ten years back, maybe they've thought of connecting both and make people fall for their service.

for the 10 years,  i have been around bitcoin and internet and have always been finding ways to earn myself money along with saving users from the standard costs of services.

So i guess i take my statement as saving satoshi since 2010 as i myself was always trying to save satoshis almost from the start of bitcoin

But your service satoshisaves itself is still new, your website is also not that old. Imho, any information on your website should be related to your service as it is all about your service not about your past experience unless your website is like a vlog about your journey in bitcoin world. Just my two cents.

But it’s not a website about you personally. It is misleading to users. It is more appropriate to put it somewhere on the site as a page "about us" for example or even on the main page. Write a little bit about yourself and provide some sort of resume. It would be great if it were links, so everyone could check, it would only increase the level of trust in the service.

Imagine if you went to a website where you offered to trust your money, and you saw an inscription like that. There is no feedback on the Internet, and you know that the site has just appeared. Will you trust your money to such a project?  ;)