Bitcoin Forum

Economy => Gambling discussion => Topic started by: Sandra_hakeem on December 06, 2023, 11:00:23 PM



Title: Casinos and gamblers are struggling with high tx fees.?
Post by: Sandra_hakeem on December 06, 2023, 11:00:23 PM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: dothebeats on December 06, 2023, 11:19:22 PM
Easiest answer is: they convert to other coins that doesn't have as much fees as bitcoin in current times. This is the only solution that I see is viable for people and gambling platforms to continue transacting without shouldering the cost that each transaction entails. Also, you could be right that they are offsetting the overall expenses they are incurring with the fees with something else, such as other profit funnels that they have established.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Rruchi man on December 06, 2023, 11:44:48 PM
do people still gamble with these high tx fees?
The high Tx fee may only be able to discourage gamblers who are not core gamblers, The core gamblers will always find a way around it so they can keep gambling. Some of them may not even consider the high tx fees because they cannot afford to not gamble. This can be a sign of secondary addiction, which is a kind of problem.

Asides the high Tx fee, they is also the fact that bitcoins value is increasing and many hodlers will remain unwilling to want to take risks with gambling with the bitcoins they have.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Yatsan on December 06, 2023, 11:49:34 PM
Well, we cannot do anything on this unless there is an option to use stable coins to gamble. Bitcoin and majority of tokens are in huge pump right now which made the transaction fees bigger than the usual. In these instances, I tend to just hold my funds in my account until the fees drops and until I needed the money which would made me accept high fees. This is why I am only using stablecoins. However, the market price of cryptos won't continously and consistently increasing forever which is why my option is to just wait for things to ease down including transaction fees. But there are also times I just withdraw despite of high fees especially if I have a decent amount of winnings; fees would be always a part of online gambling.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: uneng on December 06, 2023, 11:54:11 PM
It's not a new issue in crypto market. From times to times it always happens and people always complain, but in fact it's a good thing, because it means the market is warming again. Meanwhile you can use altcoins to make  your transactions paying cheaper fees. That is not a scenario which may last for a long time, so be patient because things will go back to normal again soon in BTC blockchain, once miners spot the high profitability potential of the network through operating on the resolution of transactions, decreasing congestion and increasing fluidity, so transactions' costs can finally return to cheaper prices.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: avp2306 on December 06, 2023, 11:54:25 PM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

If they don't have any balance on their hot wallets then provably they will feel those high tx fee on each transactions they do. But usually casino put some huge balances on their wallet that's why we can see them continue operating and can able to pay their winners despite of how huge the fee occur and what price if you are concern about this placed at that time.

We can still see people gamble even if the fee is so high so I guess they are those individuals which doesn't care much about the fee and they only want to have fun. But other convert to stable coin since this is there way to continue to have fun on the gambling sites they usually play.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Wiwo on December 06, 2023, 11:57:26 PM
As far as I know,  stake charged me 0.00007 as fees for withdrawal,  so that means that Stake covers the remaining fees,  I think this is one of the most generous periods for casinos haven't to maintain stable transaction fees by covering for the extra charges which is something that is highly commendable of them at this point where the transactions fees are off the roof.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: danherbias07 on December 07, 2023, 04:41:29 AM
It is actually the other way around. I for instance don't like to withdraw because it's a waste of money from the transaction fees. So, there comes the problem where you are forced/urged to gamble the supposed to be withdrawn money. It will take a lot of discipline to not gamble the money that's in front of your face. 
I think many gamblers are in the same position as me when it comes to withdrawal.
In terms of deposits, I don't think it's much of an issue but gamblers would probably just save enough cryptocurrencies so that they can utilize it in one high transaction fee.

About gambling sites, I know they are using a dynamic feature when it comes to withdrawal fees, I am actually waiting on when they will change it because $3 does hurt in just one go. I mean, that could be used for several bets especially those who are betting small.
I think they are still waiting for the movement to calm down before they start changing it. Stake.com has 7k satoshis in withdrawal fees, just for information.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: len01 on December 07, 2023, 06:02:13 AM
It seems like your question has been answered by many people here that the best way is to use other coins which have lower costs and usually use altcoins which have much cheaper transaction costs and for me personally I gamble using money from the signature campaign and I save that budget in my account for You can still bet without having to make a deposit and can still use BTC.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: xLays on December 07, 2023, 06:16:54 AM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??
I'm not sure if my explanation would be clear, but I think some casinos wait for other players to cash out too in order to lessen the transaction fee. It's like there's a timeframe to wait for other players to cashout as well. If it takes a long time to wait for other players the casino will have to deal with that high transaction fee. However, for high rollers or VIPs they will likely disregard it withdrawals for them should be instant.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Oshosondy on December 07, 2023, 07:27:25 AM
do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??
This is the third thread that is about high transaction fee on this board in just one week. If anyone can not use bitcoin this time because of high transaction fee, gambling sites are supporting other coins like litecoin, tron, USDT and few others which gamblers can use instead.

Some gambling sites like rollbit and bc.game are also supporting lightning network which are of low transaction fee. No gambler will get motivated with high transaction fee.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: moneystery on December 07, 2023, 08:09:58 AM
regardless of high or low transaction fees, it will not affect gambling activities on online gambling platforms because usually gambling platforms will accommodate half or more of the fees for a transaction made by a gambler.

however, if we look at the current situation, it is better for gamblers to use alternative networks such as ln or they can use stablecoins such as usdt which are generally supported by major gambling platforms to get lower fees and higher processing speeds.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: ethereumhunter on December 07, 2023, 08:19:00 AM
People who are used to gambling will still gamble but if they don't like high tx fees, they use other coins that don't have high tx fees. We are lucky because we can use coins like TRX, XRP, LTC, and others that do not have high transaction fees. But if you don't want to gamble using bitcoin because the transaction fees are high, you don't need to gamble.

There is no special motivation for gamblers because those who are used to gambling will continue to gamble. Meanwhile, people who don't want to gamble when transaction costs are high will not gamble. It depends on each person. I still gamble too but sometimes I use altcoins to anticipate high transaction fees.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Hirose UK on December 07, 2023, 08:36:20 AM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.
Questions like this will not apply to large casinos that already have lot of customers and also large community, they have loyal customers with relatively different amounts of money but are willing to use it to gamble at the casino.
Moreover, in large casinos there are quite lot of gamblers who don't care about taxes or fees on every transaction because they really like gambling so costs are not burdensome problem.
It just that the flow of gambling activity in casinos has decreased slightly, but that doesn't mean they are losing profits or income because as I have said, there are still many gamblers who don't care about high costs.

Quote
do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰
But for small gamblers like us, I might consider it little because of the increased transaction costs and prefer to reduce gambling activities that used to be twice week to once week.
I don't know how long this kind of increase in costs will last but this really creates difficulties for most small gamblers in particular.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Jating on December 07, 2023, 08:45:33 AM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

There are alternative coins that we can used though besides Bitcoin, but there could still be a lot of gamblers who continue with BTC no matter what. Some casinos doesn't charge fees for withdrawal, so this casinos should have enjoyed right now as gamblers might have to flock them to take advantage of their program.

But you can't blame gamblers today who uses cheap alterative or even USDT to deposit and withdraw just to continue with their gambling habits I doubt that they will simply stop just because fees are high not just for bitcoin but for any other crypto as well.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: |MINER| on December 07, 2023, 08:59:18 AM
I don't think so that every casinos and gamblers situation are same at this time. That is true that only Bitcoin-supported casinos may face some difficulty when transaction fees go high. But if we see most casino or gambling websites currently have many options to withdraw and deposit. In that case, every gambler has the opportunity to withdraw or deposit coins that have the cheapest transaction fee. So I don't think they have to go through any struggle due to high bitcoin transactions.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Unbunplease on December 07, 2023, 09:03:43 AM
I agree with previous opinions that high transaction fees result in losses for players. At the same time, they lose funds in any case - even if they don't bet. The casino needs to compensate the losses with various motivating bonuses - otherwise there is almost no point in using cryptocurrencies when betting


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Marvelman on December 07, 2023, 09:09:04 AM
Folks accustomed to placing wagers will likely continue doing so.  But when transaction fees get too steep, they'll opt for other currencies without such high associated costs.  Bitcoin's fees have ballooned recently, so gamblers convert their stash into coins like Dogecoin or Litecoin before transferring to casinos.  That's the only practical workaround nowadays for players. Either that or use a 2nd layer solution, like Lightning Network, if casino supports it.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: TheUltraElite on December 07, 2023, 09:27:36 AM
Gamblers are not deterred by anything and fees are the least important to them. After not playing for a while, the dopamine surge is needed to get that high again and hence they will use methods to circumvent the high fees. This includes taking on site loans, using an altcoin to deposit or using a fiat casino for the time being.

Logically speaking it is better to wait it out and delay gambling for the time being. But logic does not work when it comes to gamblers. Hence the number of gambler might slightly reduce but would not be significant enough for the casino.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: nelson4lov on December 07, 2023, 09:41:19 AM
~Snipped

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

This isn't the first time that transactions have peaked in the mempool and casino and sportsbook will already have a way of dealing with it by now — probably exchanges are batching transactions to improve fee efficiency. This isn't on-chain gambling so users just need to deposit once and play. In-platform transactions are usually free of charge.

When ETH transactions reached $100 - $200, people still made transactions.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: bangjoe on December 07, 2023, 10:08:46 AM
Easiest answer is: they convert to other coins that doesn't have as much fees as bitcoin in current times. This is the only solution that I see is viable for people and gambling platforms to continue transacting without shouldering the cost that each transaction entails. Also, you could be right that they are offsetting the overall expenses they are incurring with the fees with something else, such as other profit funnels that they have established.
Yes of course is to convert, there is no other way to deal with this, other than to be patient waiting for the fees to subside or convert it to a coin that has a cheaper tx.

And for gamblers who use bitcoin to gamble.
Yes, the easiest way for us to gamble is to use coins that don't have high tx fees, which except for those who are loyal to using bitcoin to gamble, they have to be fast enough to resist gambling because the fees are quite high. except maybe those who are really rich, and don't care about spending $10-30$ for each transaction.



Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Ultegra134 on December 07, 2023, 10:16:06 AM
There are so many options for both gamblers and casinos to avoid high transaction fees. The majority of them offer a wide variety of deposits in altcoins, such as Litecoin, Stellar, Doge, Ethereum, BNB, and so many more that it's merely an issue at this point. The only concern is that it requires you to convert your coins, which is susceptible to trading fees, but usually, that's minimal compared to the higher transaction fees of Bitcoin and sometimes Ethereum. With that being said, I don't see a reason to use Bitcoin if you're frequently depositing at a casino. Even providers convert to other coins, just like we do to avoid any fees.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Crypt0Gore on December 07, 2023, 10:22:46 AM
As if Bitcoin is the only option for gamblers on every casinos, is there any online casinos that only accepts Bitcoin as their digital currency permitted to use for gambling in 2023? Today we have too many alternatives, like LTC and other, it's been a while since I use BTC for gambling, I use small amount of money like $10 $20 and imagine me using Bitcoin for gambling, I can't afford the four dollars to ten dollars on transactions only.

Tron is a very good option too, for small time gamblers like myself it's better to avoid Bitcoin, leave it for the big boys as they won't see anything wrong with the amount they are wasting on Bitcoin transaction only.

With the hope of winning is why majority of gamblers do gamble, just imagine having to stress yourself with the transaction fee too, some people use less that $0.5 to bet, how are they going to get over it if Bitcoin is the only option? They will have to quit isn't it? Choose what's best for you, it's easy.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Hispo on December 07, 2023, 10:40:35 AM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

To most casinos which have a high volume of gambling and bets it is not a problem to them to pay a some extra so their withdrawals still get processed in a relatively fast manner, that has been the approach of Stake, since the congestion started earlier this year.
On the other hand, I think people will still keep their normal where in spite of the increase of fees within the Bitcoin Network, they can either be more patient and wait more for their deposits to take place, or they may also use some altcoins to compensate their deposits which would be made in BTC otherwise.
Even though all this can be indeed a frustrating situation with the fees, it is only a relatively small obstacle for casinos and gamblers, specially the dedicated ones.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: dezoel on December 07, 2023, 11:48:22 AM
For gamblers, most of them will use different cryptocurrencies that have lower transaction fees instead of Bitcoin which has very high fees at the moment because most of them will probably have assets on centralized exchanges that they can easily convert to another cryptocurrency and then use for their gambling activities, or they can swap their Bitcoins if they have them in a decentralized wallet using a decentralized exchange and then use the exchanged assets for gambling.

For platforms, as far as I know, they increase the withdrawal charges at such times, there might be some platforms that will cover half of the fees or maybe a part of it, like Stake, but most of them will charge the users for the fees they will need to pay for the transactions and if a user doesn't want to pay that much, they will have to use other cryptocurrencies as there is no other choice for them.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: carlfebz2 on December 07, 2023, 12:07:45 PM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

To most casinos which have a high volume of gambling and bets it is not a problem to them to pay a some extra so their withdrawals still get processed in a relatively fast manner, that has been the approach of Stake, since the congestion started earlier this year.
On the other hand, I think people will still keep their normal where in spite of the increase of fees within the Bitcoin Network, they can either be more patient and wait more for their deposits to take place, or they may also use some altcoins to compensate their deposits which would be made in BTC otherwise.
Even though all this can be indeed a frustrating situation with the fees, it is only a relatively small obstacle for casinos and gamblers, specially the dedicated ones.
What sites you do know are the ones who do have that free withdrawal? So far basing up on my experience and awareness on which most of them are really that asking for withdrawal fees on which some are fixed
but most of them are really that dynamic on which it would really be that according or would really be that depending on the network condition. If it turns out that it would be asking something big then i dont
see that it would really be that ideal for them to make some free amount withdrawal on which it would really be causing up some expenses but we do know that it isnt really that something that too often
on which network condition isnt always like this but rather it do really happens when transactions had been spammed on the network.

On what been said that if you are that someone whose really that only have not a huge money to be spend on gambling then these current fees are really that too pain in the Ass.
For me, i have refrain on making up some transactions on trying to save up on the fees, not only on gambling means but also into those traditional transactions.
So i do just simply make use of other coins on which fees are cheap and fast confirming.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: maydna on December 07, 2023, 09:13:14 PM
Fortunately, many casinos provide the option of altcoins as deposit coins so that people can switch to using altcoins that can be used as deposits while waiting for transaction costs to decrease. But it depends on the wishes of the gamblers because if they feel that using altcoins is a temporary solution to rising transaction costs, they will definitely return to the casino using altcoins. But if not, they will not force themselves to gamble, and that is a wise choice because they don't need to lose their coins at the gambling table, let alone lose self-control. After all, they choose not to gamble at this time.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: o48o on December 07, 2023, 09:38:32 PM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰
But why that would be casino's problem? Isn't it more of an user problem if they don't have money for tx fees. Big gamblers most likely don't care and for gamblers with less capital there are several layer 2 protocols that keep on being nearly free to use. So, in short, people who transfer huge amounts use main chains of btc and erc20 and can afford it.

Gamblers that are less fortunate have been using layer 2 and cheap alternative chains since they started. Short answer to your queston. They are coping just fine.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: sokani on December 07, 2023, 09:40:36 PM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate..
Casinos are still in business, some of them can allow bettors to wager their bets with zero confirmation. Aside that, most gambling platforms support multi coins such as USDT, USDC, BNB, ETH, XMR, DAI etc.

Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??
People still gamble, though the mempool congestion is not a motivation. Actually, it might slow things down a bit for those who don't have other asset other than Bitcoin. However, some users on the forum might not be feeling it because they've their weekly earnings credited to their gambling accounts and not their wallets.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: goaldigger on December 07, 2023, 09:48:16 PM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰
But why that would be casino's problem? Isn't it more of an user problem if they don't have money for tx fees. Big gamblers most likely don't care and for gamblers with less capital there are several layer 2 protocols that keep on being nearly free to use. So, in short, people who transfer huge amounts use main chains of btc and erc20 and can afford it.

Gamblers that are less fortunate have been using layer 2 and cheap alternative chains since they started. Short answer to your queston. They are coping just fine.
Casinos have their rulings with regards to withdrawal and maybe most of the casinos now are collecting all the withdrawals before they process it so that they can save some money instead of paying big tx fees. As a gambler, there's also an alternative option to gamble and just pay at a lower fees, like USDT, LTC, and DOGE though it will still depend on you if you are going to use the coins that are currently congested and the fees are high.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Sandra_hakeem on December 07, 2023, 09:53:46 PM
Easiest answer is: they convert to other coins that doesn't have as much fees as bitcoin in current times.
okay... Let me assume this is actually the solution; are they (casinos) not bearing the risk of deterioration overtime on altcoin?? What if they decided to accept deposits and withdrawals from an altcoin like say - Litecoin,and the value decreases few days after? Are they not definitely losing assuming they had alot of input for those days?? Or what if someone won a game on Thier platform a day or two ago and this present Bitcoin rise came, how do they make payments based on current BTC price?

Sandra 🧑‍🦰


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Saint-loup on December 07, 2023, 09:58:52 PM
It's a big issue for many casinos indeed because most of them don't offer Lightning Network deposits and withdrawals unfortunately. They can delay and group withdrawals together in one transaction in order to save fees for casinos offering free withdrawals and to reduce withdrawal fees for the other but it doesn't address the issue of BTC users wanting to send their funds in order to gamble them. Maybe it will encourage more casinos to offer LN options like bc.game and few others.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Casdinyard on December 07, 2023, 10:11:24 PM
That comes with working on the crypto industry. Most often than not you'd experience stuff like these especially when the market's on a surge. Now, it's up to these casinos how they'd reel people in despite the high transaction fees and longer wait times. I've played with some in the past that incentivizes saving enough crypto this early, so users put in money in the wallet earlier than they would've normally if it weren't peak season, and to shield them from suffering high transaction fees as well.

Some promote their own utility token, which can be used in lieu of what's popping in the market right now, so they don't have to pay that much money for transaction fees and are still able to enjoy gambling as they would've.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Taskford on December 07, 2023, 10:25:05 PM
Easiest answer is: they convert to other coins that doesn't have as much fees as bitcoin in current times.
okay... Let me assume this is actually the solution; are they (casinos) not bearing the risk of deterioration overtime on altcoin?? What if they decided to accept deposits and withdrawals from an altcoin like say - Litecoin,and the value decreases few days after? Are they not definitely losing assuming they had alot of input for those days?? Or what if someone won a game on Thier platform a day or two ago and this present Bitcoin rise came, how do they make payments based on current BTC price?

Sandra 🧑‍🦰

Actually its not fair for people that deposited BTC to receive a alts in return since they surely like to receive what they deposit since Bitcoin still ideal coin to receive especially right now we see a drastically increase so this is what people like to receive at the moment.

If someone think its a solution well maybe not since not all like to receive alts so I guess casino should just deal with the fee since if they do this maybe there's a lot of people will get disappointed on the action they done so they need to stick on current methods and deal with fees and act normal if someone ask for a withdrawal.

There's a lot of possibilities of everything even if they deal with alt so I guess if they like BTC then there's nothing they can do but to accept the current fees what bitcoin have at the moment.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: livingfree on December 07, 2023, 10:31:53 PM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.
IMO, they've seen this coming and prepared for the decreased deposits but gamblers will always be gamblers though. It won't be a hindrance to gamble.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰
Yes, even with high fees, the good thing with most casinos these days are about the alternative options to deposit. There are altcoins that have cheap transfer fees and that's what other gamblers do, or should I say that most gamblers do when unforeseen events like this come.

There's always the contingency plan to keep on gambling.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: ryzaadit on December 07, 2023, 10:35:18 PM
Casino already have multiple-network.

Also a lot token getting listing, what we are complain anymore. Most user who are playing with the old coin like (BTC/ETH) it's because have more liquidity comparing to other token + you will not getting to much volatility crypto with these coin.

Still can't believe we still have some thread created on 2023 about (Fee) case ~XD


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: ralle14 on December 07, 2023, 10:56:01 PM
do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??
One of their solutions is to increase the minimum withdrawal limit for Bitcoin. The only casinos i've noticed that did this are the ones offering free fees, while the others didn't care as much because most of the time, we pay for our fees.

Many will still gamble regardless of the fees because others have experienced this situation several times before, and a couple of casinos even have a feature that instantly credits your deposit.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: coin-investor on December 07, 2023, 11:06:54 PM
Easiest answer is: they convert to other coins that doesn't have as much fees as bitcoin in current times. This is the only solution that I see is viable for people and gambling platforms to continue transacting without shouldering the cost that each transaction entails. Also, you could be right that they are offsetting the overall expenses they are incurring with the fees with something else, such as other profit funnels that they have established.

That's what many of us are doing unless you are ok with the fees and want to use Bitcoin, but the best option is using Tron for example and if you won you can withdraw then trade it to Bitcoin, the high transaction fees may have an impact on casinos' operation as many will likely stop from playing until such time that the congestion eases up when it comes to withdrawals some casinos are shouldering additional fees for their members' withdrawals and prefer not to increase what they usually deducted to players when withdrawing, casinos who are doing this are big casinos like Stake.
There are advantages for players when transaction fees are high to play at big casinos that agree to shoulder part of transaction fees.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: lionheart78 on December 07, 2023, 11:17:36 PM
Easiest answer is: they convert to other coins that doesn't have as much fees as bitcoin in current times. This is the only solution that I see is viable for people and gambling platforms to continue transacting without shouldering the cost that each transaction entails. Also, you could be right that they are offsetting the overall expenses they are incurring with the fees with something else, such as other profit funnels that they have established.

This is good for those who have their Bitcoin in exchanges but if they have their coins in their wallet, the gambler would be spending more if they try to deposit their Bitcoin to an exchanges and convert them to other coins since this will incure BTC transaction fee plus trading processing fee plus withdrawal fee.   Isn't it much cheaper to deposit their Bitcoin directly to the casino platform?

I think gamblers who have small funds of BTC and is stored in their own wallet should have patience and wait for some time for the Bitcoin network and send transaction when the network is not congested.


do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

I think this kind of thinking won't work in gambling. Casino games especially those that rely on luck have a random result and is not affected by an outside factor.  So whether a person will win or not is not dependent on the number of gambler playing but rather on their luck of triggering huge multipliers and bonus rounds.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: alegotardo on December 07, 2023, 11:22:46 PM
I'm just wondering how crypto casinos are able to cope with this high Tx fees..

Casinos never lose money!

At least one of two.... they recover the value lost on the Bitcoin network, for example, with the "inflated" fees of other networks where the transfer is almost free. The other way to compensate for these losses is by blocking the player's value until he meets some wagering requirements, which in most cases will certainly cover the costs of any withdrawal fees that the player may make later if he has still won a prize. .

Remembering that these congested network moments are still quite seasonal, with casinos operating at a profit at these transfer rates for most of the year.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: alani123 on December 07, 2023, 11:34:54 PM
I do like seeing BTC in my account when gambling but to be honest when fees are so high I will entirely give up transferring small amounts in Bitcoin. It's just not worth it to have to pay 15$ in transaction fees when I would want to make a bet of 5$. But there are alternatives really. Instead of just sending BTC from my wallet I could either gamble at a casino with more crypto options. Some casinos also support depositing with credit card, which is also convenient.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: seoincorporation on December 07, 2023, 11:50:34 PM
...
do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

That's why most casinos give us the option to gamble with altcoins, if users want to save money on fees and have fast confirmation they can always use coins like DogeCoin or LiteCoin. Personally is what i do when the mem pool gets full. To pay high fees and wait a lot of time for a confirmation is not a good option.

And we have to be careful with the stable coins transaction, the ones in the ETH network used to have high fees too, is always better to use BSC or Tron.



Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Oasisman on December 08, 2023, 01:02:07 AM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate..

Well, they offer several kinds of altcoins as a currency used to bet other than stable coins and bitcoin, especially those that doesn't have high transaction fees but transaction speed is still fast.
Some casinos may have offer to use LN so the users could still prefer to use bitcoin maintaining the low transaction fees and still fast.
Apparently, there are a lot of ways to eliminate high transaction fees by using altcoins, so I guess it's not gonna be a huge problem for the casinos and gamblers.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Wexnident on December 08, 2023, 02:46:06 AM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰
They convert their coins, don't they? That, or they just move it all at once to save up on fees. I mean they're not like your usual trader who transacts only a small amount, they probably do it on a day per-day basis or maybe even weekly to avoid that hassle of constant withdraw/deposits. Not to mention that holding the coins themselves probably wouldn't net them that much of a loss.

As for gamblers issues with fees, casinos have fixed that problem long ago by introducing altcoins with relatively lower fees. You'd be hardpressed to find casinos that only offer their services using only a single coin really.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Litzki1990 on December 08, 2023, 04:15:36 AM
Gambling is already very risky, it is very confusing for us to gamble where there is a high chance of losing money, whether we win or lose we have to pay tax. The government may have set a higher tax rate on gambling. Even if you win a gamble with extra tax, the winnings don't seem like much because of the extra tax fee. There are many gamblers who take various steps to evade tax. Additional taxes are the most harmful thing for a gambler. In case of gambling first one has to pay taxes to the government and secondly one has to pay additional transaction fees for transferring different coins these two things are the most confusing thing for a gambler.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: FinneysTrueVision on December 08, 2023, 05:31:58 AM
Depositing to a casino doesn't necessarily need to have such a high cost. If you are using a non-custodial wallet you can always set a low fee if you are willing to wait a while. For some people it may still not be worth it if they only have a small amount of BTC to gamble with or if they don't want to incur high costs when withdrawing. In that case using turning to low fee altcoins can be a solution depending on what coins are accepted by the casino. Lightning would be ideal for Bitcoin-only casinos but unfortunately most of them don't want to invest resources into implementing this.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: killerfrost on December 08, 2023, 05:45:30 AM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰
There are many different options for users to deposit money to online casinos. As a game that I use occasionally, I honestly rarely transfer BTC, probably because of the trading volume. The small size as well as the speed made me switch to other cryptocurrencies like USDT.

And this problem is really normal as the convenience is resolved between players and Casinos, and one thing I have to admit is that crypto payments are just another form of payment for players gambling, as most platforms also support direct payments through visa/mc .


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: traderethereum on December 08, 2023, 08:34:45 AM
For now, with the increase in transaction costs from bitcoin, gamblers are using altcoins if they want to deposit some money for gambling. That can help gamblers who still want to gamble at times like these.
But we know that those who already gamble often won't stop them even if bitcoin transaction fees become higher. They can use other methods to keep gambling.
Casinos won't have much of an impact with high transaction fees but we don't know. Maybe the casino will also increase its transaction fees to match existing transaction costs.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: sana54210 on December 08, 2023, 03:58:43 PM
To most casinos which have a high volume of gambling and bets it is not a problem to them to pay a some extra so their withdrawals still get processed in a relatively fast manner, that has been the approach of Stake, since the congestion started earlier this year.
On the other hand, I think people will still keep their normal where in spite of the increase of fees within the Bitcoin Network, they can either be more patient and wait more for their deposits to take place, or they may also use some altcoins to compensate their deposits which would be made in BTC otherwise.
Even though all this can be indeed a frustrating situation with the fees, it is only a relatively small obstacle for casinos and gamblers, specially the dedicated ones.
Even the best casinos may end up spending way too much on transactions and still fail, because the blocks are quite heavily volatile right now, they end up being like one price at one moment, you pay just a little bit more and get it quickly, then it rises even more than what you paid so you end up waiting.

It is not really an issue right now to me, it can take as long as it should, as long as I am provided with a proof that the money is sent to me, I feel like I am going to end up being fine, I will not care about it. I get that some people may want quicker returns, but to me that's not really a big deal, I can just feel fine about it and not really care when it arrives, I know it's on the way so why would I care, it can take as high as 24 hours and I will be able to wait. This is why I keep saying they shouldn't even pay that much fee for my transaction, just pay that money to me and I would be willing to get paid slower but get paid a lot more money as well.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: retreat on December 08, 2023, 04:15:54 PM
do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

I think that increasing bitcoin fees on the network is not disturbing at all for gamblers considering that most crypto gamblers use alternative networks besides bitcoin for their gambling activities. For example, I use Litecoin which I think is faster, cheaper and easier to use for deposits or withdrawals from my gambling platform. Using Litecoin is no different from using Bitcoin, so I thought why force myself to use the Bitcoin network for my gambling activities, and maybe other gamblers also think the same way as me.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Sunderland on December 08, 2023, 04:37:37 PM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

It will have a big impact to any casino who only using a Bitcoin as the deposit method. Its a doomsday for them, there is no way to fix it.
Except if they dare to burn the money with cover the user transaction fees, but I doubt any casino will do that.

Things should be normal on any casino who offers different coins as the deposit method because small/med or non VIP users will use other coins.
For highrollers and VIP with thousand of dollars deposit, Im pretty sure $10 to $30 is not a big deal for them and they are aware of what happen with the BTC network.




Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: paxmao on December 08, 2023, 04:46:39 PM
This is a common issue of course but that is inherent to bitcoin and the currently chosen block size that is unlikely to change in the near future as it is the income of the miners that support the network. However, there are always cheap fee alternative, so you need to seek for sites that would accept Litecoin or other low-fee alternatives to the Bitcoin transaction itself.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: bounceback on December 08, 2023, 04:57:59 PM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰
I am with your position regarding highest fees transaction when using bitcoin for depositing fund, some responds give alternative convert from bitcoin to be fiat or altcoin how to reduce fees transaction. But not all gambling platform supported with altcoin deposit, last days I won sport betting and my balance $0.001 BTC and minimum withdrawing before fees deduction is 0.001 BTC, my fund not enough yet and I have thing when deposit btc to my gambling platform account need bigger fund because fees transaction of bitcoin highest right now. Its easily convert to altcoin when btc fees highest but not all gambling platform have altcoin fund deposit.


Not easy for gambling platform with bitcoin fund deposit supported only because transaction get delay more than two hours and need to pay higher fees each time deposit and withdrawing.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: coolcoinz on December 08, 2023, 04:59:36 PM
I'm sure they're doing fine. It's the gamblers that have to adjust.

How are the gamblers adjusting? They use other coins, they wait longer before withdrawing, they deposit more instead of many small transactions a month they deposit a single one, some use lightning.
Of course last but not least, they pay lower fee and wait longer for their transaction. You don't have to pay $20 to send your bitcoin. You can pay $5 and it's still going to get through, just in 2 days or something like that. Don't be greedy guys, just wait and don't lose money for nothing.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: LUCKMCFLY on December 08, 2023, 06:16:47 PM
For now, with the increase in transaction costs from bitcoin, gamblers are using altcoins if they want to deposit some money for gambling. That can help gamblers who still want to gamble at times like these.
But we know that those who already gamble often won't stop them even if bitcoin transaction fees become higher. They can use other methods to keep gambling.
Casinos won't have much of an impact with high transaction fees but we don't know. Maybe the casino will also increase its transaction fees to match existing transaction costs.

Well, when a player  is in the casino for example at stake.com, things are usually done in different ways, first of all we are people who like to enjoy the game and it is known that we are not playing a lot, because we want to do things very well. And for that reason, the least we should think about is the fee rates because of how high they are or something like that, that's why I'm talking about this casino because the transaction rates are quite low, but things have to happen right, also in Bitcoin. They don't even charge a Transaction fee to leave and make a good withdrawal, so if we play in casinos that are really reliable, that take care not to think that this could be one of the ways that could harm us with bitcoin, at least In these casinos it is like that , of course, not all casinos currently have this, the casinos now have many that do not have this that they assume the majority of the fee, or that the fee is very small, there are only a few casinos that do it.

Now, when we are in the process of doing the best possible in a game, we must always maintain the best, sometimes we as players have a lot on our mind , First of all some players are not very well, because they feel stressed, they Feel pressure to to be Able to win, in reality we do not Know how many struggles players have in a casino, there are some who play with the prevailing need to win, something that I never recommend doing, but no matter how much it has been talked about in different forum forums, There arePlayers who still Believe that the Casino is or can be Considered a job, or that they can earn an Income Similar to that of a job or something like tha t, that is Something that we should never Alow , that is why we should always do everything possible to be well with Everything, and a casino that at the end of the day afterDoing good management, the least we want is for them to take money from us just for withdrawing , that is what we Should avoid.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: mvdheuvel1983 on December 08, 2023, 06:31:49 PM

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Why do I gamble or what have I done to mitigate the effects of the high transaction fee? Here's some -
  • I have reduced the number of times I gamble from 3 times per week to 1
  • I leave a huge portion my winnings in my casino wallet reduce deposit into my wallet
  • I sometimes use other crypto
  • I have reduced the amount I used for wagering.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: redsun114 on December 09, 2023, 01:46:52 PM
For now, with the increase in transaction costs from bitcoin, gamblers are using altcoins if they want to deposit some money for gambling. That can help gamblers who still want to gamble at times like these.
But we know that those who already gamble often won't stop them even if bitcoin transaction fees become higher. They can use other methods to keep gambling.
Casinos won't have much of an impact with high transaction fees but we don't know. Maybe the casino will also increase its transaction fees to match existing transaction costs.
Maybe that's true, especially if you are a budget gambler and you are also addicted in gambling. But there are still die-hard Bitcoin fans who will continue transacting using BTC no matter what.

Or if they are also in budget, they can wait for a while and go back playing again when the high fees have subsided. Given that there are those types of gamblers, casinos can get affected as well in terms of their sales but those casinos who only support a few coins, (mainly the bulky ones) are the ones who are going to be affected the most. I wonder why they still stick on that principle. Hhmm...? Is it possible that the people behind it are also a select crypto enthusiast? But yeah casinos are adjusting their fees accordingly.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Queentoshi on December 09, 2023, 02:04:01 PM
do people still gamble with these high tx fees?
The casino business may only have been affected the first time and within that time that the transaction fees suddenly went up, but right now, everything is back to normal for the casino business because gamblers have adjusted to the fees and how they will put money in their account to gamble with. It is only the people who are not gamblers and have other fun alternatives to gambling that will consider stopping gambling for the now until the fees normalize.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: darkangel11 on December 09, 2023, 02:12:57 PM
Casinos will manage, just like any other company that uses bitcoin. Fees are nothing we should be worrying about. Let's face it, how often do you deposit on exchanges, or casinos?
If you used to do it once a week, do it once a month now? Increase the amount of money sent and fees won't hurt you that much. Use lightning network more and in extreme cases deposit on exchanges. In case of emergency you'll be able to exchange bitcoin fast. I usually don't recommend that but this is for people who bet on sports and need to act fast. It's really not worth it to send $20 with a $10 fee, so if you're one of the people who need to deposit such small amounts of bitcoin, use custodial services.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: lombok on December 09, 2023, 02:29:04 PM
The recent increase in Bitcoin transaction fees is very disturbing. It is better to avoid transactions using Bitcoin and always check transaction fees before making transactions using Bitcoin, in fact there are many other crypto options for making deposits or withdrawals on gambling sites. However, it will take a little time and effort if we have to exchange it to another crypto.



Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Saint-loup on December 10, 2023, 07:49:05 PM
This is the third thread that is about high transaction fee on this board in just one week. If anyone can not use bitcoin this time because of high transaction fee, gambling sites are supporting other coins like litecoin, tron, USDT and few others which gamblers can use instead.

Some gambling sites like rollbit and bc.game are also supporting lightning network which are of low transaction fee. No gambler will get motivated with high transaction fee.
I know bc.game is offering an option for Bitcoin deposits through the Lightning Network but I wasn't aware of that for Rollbit. I have an account there, but I don't find how to access this feature, in addition I don't find any information about it on internet. So are you sure about that for Rollbit? It's maybe an early option only available to some users or countries for now, if you are not mistaken though, but I don't think it's available for everybody at least.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Ever-young on December 10, 2023, 08:26:47 PM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

There are so far alternatives to avoid paying high transaction fees now, either by crypto gamblers or other Bitcoin users. Users and gamblers can either employ the use of Lightening Network which makes Bitcoin transactions faster and cheaper, or they could still continue their gambling with the use of other crypto assets such as the USDT and others which do not require huge tx fees to transact with.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: bitcampaign on December 10, 2023, 08:41:54 PM
The recent increase in Bitcoin transaction fees is very disturbing. It is better to avoid transactions using Bitcoin and always check transaction fees before making transactions using Bitcoin, in fact there are many other crypto options for making deposits or withdrawals on gambling sites. However, it will take a little time and effort if we have to exchange it to another crypto.


I wonder why Bitcoin gamblers still exist today, are they rich enough to carry out transactions there, Bitcoin deposits are very high at the moment and I think there are many crypto options in casinos that can be used, especially with very cheap transaction fees, I think Bitcoin is only used as an investment but apparently there are still people who use it for gambling. It's a bit confusing whether rich gamblers use Bitcoin to gamble, if they are rich, they shouldn't mind transaction fees either.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: lombok on December 11, 2023, 01:59:32 AM
The recent increase in Bitcoin transaction fees is very disturbing. It is better to avoid transactions using Bitcoin and always check transaction fees before making transactions using Bitcoin, in fact there are many other crypto options for making deposits or withdrawals on gambling sites. However, it will take a little time and effort if we have to exchange it to another crypto.


I wonder why Bitcoin gamblers still exist today, are they rich enough to carry out transactions there, Bitcoin deposits are very high at the moment and I think there are many crypto options in casinos that can be used, especially with very cheap transaction fees, I think Bitcoin is only used as an investment but apparently there are still people who use it for gambling. It's a bit confusing whether rich gamblers use Bitcoin to gamble, if they are rich, they shouldn't mind transaction fees either.

A little guessing 🤔. Maybe Bitcoin gamblers only have Bitcoin to play with, and feel reluctant to exchange to other cryptocurrencies. There are other goals, such as if you experience victory, the results obtained are also directly in the form of Bitcoin. Or maybe as you say, they are rich people and don't care about fees. It's better to bear the fees and remain anonymous and comfortable and not have to worry about having to exchange all kinds of coins.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Strongkored on December 11, 2023, 05:46:27 AM
do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰
Nowadays fees have decreased and with around $2-$3 for transaction fees I think only small gamblers will mind the fees but for those who usually make deposits above $500 I think it's only a small part.
Players can use other alternatives such as stablecoins or other coins which have quite cheap transaction fees and are also quickly confirmed.
For players who only have Bitcoin and are reluctant to spend money on fees that are considered quite high, they will benefit by slightly reducing their gambling activity, but active gamblers will always have a way to fund their casino account even if the network does not improve.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: _act_ on December 11, 2023, 07:05:10 AM
A little guessing . Maybe Bitcoin gamblers only have Bitcoin to play with, and feel reluctant to exchange to other cryptocurrencies. There are other goals, such as if you experience victory, the results obtained are also directly in the form of Bitcoin. Or maybe as you say, they are rich people and don't care about fees. It's better to bear the fees and remain anonymous and comfortable and not have to worry about having to exchange all kinds of coins.
This can be very true. There are still no KYC gambling sites. But they are centralized gambling sites aside the Web3 gambling sites. Which means they can be force to do KYC at anytime by submitting their identity documents. All gamblers should know that.

It is also good to know that the fee is not much recently. It it is expensive during the week days, it went less expensive during the weekend and it went down to $2. Gamblers can wait until it is weekend to fund their gambling account.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: PokerBetting on December 11, 2023, 07:16:52 AM
if sending fee transaction is high is good play in gambling site use centralized gambling site
because sending only once if different use decentralzed gambling every play must pay sending
another option use coin low price and low sending fee example tron or doge


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Pierre 2 on December 11, 2023, 07:37:06 AM
I feel like we are sort of forced to play at centralized casinos to avoid high fees nowadays. I wish Bitcoin developers could come up with better solutions to high fees cause these are %100 disrupting crypto businesses too. I think there are no better solution other than gambling with doge and completely avoid Bitcoin and/or Ethereum blockchains. 10-15 dollar fee is ridiculously expensive just to gamble couple of times daily.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: 0t3p0t on December 11, 2023, 07:58:43 AM
Easiest answer is: they convert to other coins that doesn't have as much fees as bitcoin in current times. This is the only solution that I see is viable for people and gambling platforms to continue transacting without shouldering the cost that each transaction entails. Also, you could be right that they are offsetting the overall expenses they are incurring with the fees with something else, such as other profit funnels that they have established.
Exactly. Some crypto casinos I think has options to convert to other coins like Doge, Dash or other crypto that has a lesser transaction fee than Bitcoin. Not only online casino gamblers suffer this kind of thing but also traders. I don't think gamblers mind the fees, they maybe thinking of something like winning or some kind of strategy to beat the odds. 😁


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: maydna on December 11, 2023, 11:24:46 AM
Exactly. Some crypto casinos I think has options to convert to other coins like Doge, Dash or other crypto that has a lesser transaction fee than Bitcoin. Not only online casino gamblers suffer this kind of thing but also traders. I don't think gamblers mind the fees, they maybe thinking of something like winning or some kind of strategy to beat the odds. 😁
Converting bitcoin to other coins is a solution so that gamblers can continue gambling and don't have to think about high transaction fees. By using other coins, they can save on transaction costs, and they can immediately gamble with coins. Big gamblers won't really mind the cost, but for those of us who are just small gamblers, we will choose to use other coins to gamble. I also use other coins like TRX, LTC, or even USDT because of their low transaction fees. But to respond to this situation of high transaction costs, I prefer to take a break from gambling and enjoy my free time by doing other things until the transaction costs decrease and return to normal.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Yaunfitda on December 19, 2023, 10:14:35 AM
Exactly. Some crypto casinos I think has options to convert to other coins like Doge, Dash or other crypto that has a lesser transaction fee than Bitcoin. Not only online casino gamblers suffer this kind of thing but also traders. I don't think gamblers mind the fees, they maybe thinking of something like winning or some kind of strategy to beat the odds. 😁
Converting bitcoin to other coins is a solution so that gamblers can continue gambling and don't have to think about high transaction fees. By using other coins, they can save on transaction costs, and they can immediately gamble with coins. Big gamblers won't really mind the cost, but for those of us who are just small gamblers, we will choose to use other coins to gamble. I also use other coins like TRX, LTC, or even USDT because of their low transaction fees. But to respond to this situation of high transaction costs, I prefer to take a break from gambling and enjoy my free time by doing other things until the transaction costs decrease and return to normal.
Yes, it's really a struggle for us to really used bitcoin for our gambling as the fees are so high, although it has settled a bit, but there are days that it will shoot up to more than 400 sat/vB and it will hurt us.

So converting to altcoins or stable coins, or even just used local betting site and use our local fiat just to continue with our gambling. For now that's my option, not touching any crypto for the meantime and just withdraw if necessary so that I wouldn't be affected by this huge fees.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Latviand on December 19, 2023, 11:32:04 AM
They're probably fine with it and it's not like you can't set how much tx fees you're going to pay for a transaction so casinos are probably doing just fine and players can just switch to using other crypto with a lower tx fees to prolong and sustain their gambling habit, it's unlikely for a lot of hardcore and some casual gamblers to stop due to high tx fees so I don't see any struggle maybe a little down on the number of players but there's still some consistency in my opinion in players that are active.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: TheUltraElite on January 02, 2024, 02:56:26 PM
players can just switch to using other crypto with a lower tx fees to prolong and sustain their gambling habit,....
The gambling habit is what drives the roadblocks away. Many sites have learnt how to cope up with increased fees. They will pre-credit your account from their wallet with a 1% fee - more money for them obviously.

In either case, altcoins exist to come to rescue for the addicted gamblers during such times and casinos rarely see much drop in traffic as the increased fees start becoming consistent over a week or so.

It is not another example of how addictive gambling can be.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: maydna on January 03, 2024, 01:04:15 PM
~snip~
Yes, it's really a struggle for us to really used bitcoin for our gambling as the fees are so high, although it has settled a bit, but there are days that it will shoot up to more than 400 sat/vB and it will hurt us.

So converting to altcoins or stable coins, or even just used local betting site and use our local fiat just to continue with our gambling. For now that's my option, not touching any crypto for the meantime and just withdraw if necessary so that I wouldn't be affected by this huge fees.
I have reduced my gambling activities after bitcoin transaction fees increased very high. I tried to convert my bitcoins to altcoins or stablecoins, as you said, and it helped me reduce the transaction costs. Many altcoins still do not charge high transaction fees, so altcoins can be an option for gamblers who still want to gamble.

But those who still want to use bitcoin as a coin for betting can do so as long as they can accept the high transaction fees. But it would be even better if they could take a break from the current high transaction costs so they can refresh their minds from gambling.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: KTChampions on January 03, 2024, 01:22:12 PM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

I’m not at all sure that Bitcoin makes up a significant part of the turnover of crypto casinos. People choose faster and cheaper options even with “regular” commissions, but in the current environment, using Bitcoin is crazy (unless of course you are a high roller and the commission is a tiny fraction of your stake). It’s high time to come to terms with the fact that Bitcoin no longer satisfies the goals (part of them) for which it was created, “fast and cheap payments on the Internet”.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: piebeyb on January 03, 2024, 01:22:15 PM
But those who still want to use bitcoin as a coin for betting can do so as long as they can accept the high transaction fees. But it would be even better if they could take a break from the current high transaction costs so they can refresh their minds from gambling.
High prices and high transaction costs are certainly a problem for bitcoin gamblers, so far I have switched to other crypto payments which have cheaper transaction costs compared to using bitcoin, I think bitcoin and ethereum have no solution on how to overcome this problem of high transaction costs , to this day both networks are often very busy. each casino should be able to provide other alternative payments to solve this problem.

I probably won't think long about gambling when transaction costs are expensive, I will switch and won't wait for time to relax, let alone take a break, because when I want to gamble I have to gamble right there without having to wait for bitcoin transaction costs to become cheaper, after all, there are also casinos. which provides crypto exchange for bitcoin so it is also easier to use the alternative then convert to bitcoin, I think the casinos have made it easier now.  ;D


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Jawhead999 on January 03, 2024, 01:25:36 PM
But those who still want to use bitcoin as a coin for betting can do so as long as they can accept the high transaction fees. But it would be even better if they could take a break from the current high transaction costs so they can refresh their minds from gambling.
Right now Bitcoin fee is cheaper, it was not as cheap as before ordinal spams, but at least it won't really hurt you. If someone only have Bitcoin, now it's a good way for them to convert some of their Bitcoin to Altcoins that only used to gamble.

Actually people are gambling to refresh their minds, gambling isn't a must activity, anyone can gamble whenever they want and whenever they can.

https://imgvb.com/images/2024/01/03/38b53f98d13db454bc2e205f4ba62de7.png


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Wakate on January 03, 2024, 03:41:52 PM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

There are so far alternatives to avoid paying high transaction fees now, either by crypto gamblers or other Bitcoin users. Users and gamblers can either employ the use of Lightening Network which makes Bitcoin transactions faster and cheaper, or they could still continue their gambling with the use of other crypto assets such as the USDT and others which do not require huge tx fees to transact with.
With the nature of the transaction fee recently, I don't think many gamblers would want to opt in to using Bitcoin to fund there account because of the high transaction fee. I think many of us are now switching to using usdt on different exchange to convert our Bitcoin to something batter for now so that the transaction fee would not be too much to handle. Many of us that have stock if Bitcoin in our portfolio and want to gambler are facing the challenges of paying more just to fund our different accounts to be used to bet on different gambling platforms. We have no choice than to keep using Bitcoin for those of us that have only Bitcoin in our portfolios.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: SmartGold01 on January 03, 2024, 07:36:48 PM
I don't think that will affect most casinos because they have options to make deposit with altcoin so most of the gambler would prefer converting their bitcoin to other network that is more free and faster in confirmation than using bitcoin, including withdrawal they may prefer using another network to make withdrawal which can be more faster and smarter except such person is not in haste to receive his withdrawn amount and most likely some of the casino might have adjusted their fee's to quickly suite the current challenges of network confirmation.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: carlfebz2 on January 03, 2024, 09:38:23 PM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

There are so far alternatives to avoid paying high transaction fees now, either by crypto gamblers or other Bitcoin users. Users and gamblers can either employ the use of Lightening Network which makes Bitcoin transactions faster and cheaper, or they could still continue their gambling with the use of other crypto assets such as the USDT and others which do not require huge tx fees to transact with.
With the nature of the transaction fee recently, I don't think many gamblers would want to opt in to using Bitcoin to fund there account because of the high transaction fee. I think many of us are now switching to using usdt on different exchange to convert our Bitcoin to something batter for now so that the transaction fee would not be too much to handle. Many of us that have stock if Bitcoin in our portfolio and want to gambler are facing the challenges of paying more just to fund our different accounts to be used to bet on different gambling platforms. We have no choice than to keep using Bitcoin for those of us that have only Bitcoin in our portfolios.
Depends actually into your financial capacity since not all would really be that equal in terms of financial status on which there are ones who do mind much about fees and there are ones who dont really care.
Whats $20 if you do have tens or hundreds of thousands when it comes to your funding? Pretty sure that it would really be just that peanuts but well i do agree that with the current fee that we do have today then this isnt really just that affecting those gamblers but also into those who do want to trade up or into those people who do actively making up transactions on chain.Somewhat the current price
of fee now is already going low although it might not be into those normal levels but at least we are seeing that it is really that gradually be going lower.

Its been a few weeks that we are experiencing those high fees that even making some small transactions cant really be possible or would really be making you hesitate due to high fees.
For those who do mind about $20 fee then it cant be avoided for you to be stagnant.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: maydna on January 04, 2024, 04:59:59 PM
~snip~
High prices and high transaction costs are certainly a problem for bitcoin gamblers, so far I have switched to other crypto payments which have cheaper transaction costs compared to using bitcoin, I think bitcoin and ethereum have no solution on how to overcome this problem of high transaction costs , to this day both networks are often very busy. each casino should be able to provide other alternative payments to solve this problem.

I probably won't think long about gambling when transaction costs are expensive, I will switch and won't wait for time to relax, let alone take a break, because when I want to gamble I have to gamble right there without having to wait for bitcoin transaction costs to become cheaper, after all, there are also casinos. which provides crypto exchange for bitcoin so it is also easier to use the alternative then convert to bitcoin, I think the casinos have made it easier now.  ;D
That's what we have experienced, and we can't do anything about it when transaction costs increase. We can only switch to altcoins if we want to gamble, which has become a good solution for those gamblers. But there is another solution that might be even better where we should be able to use this time to take a break from gambling for a while. But indeed, bitcoin and ethereum have experienced the most frequent increases in transaction fees so far.

Yes, resting is another best solution that gamblers can do. That will allow them to enjoy other things that will also be pleasure so that they don't just think about getting that pleasure from gambling. I've been resting for some time, even though I still gamble using altcoins. But I realized that by resting, I could do other things, and that was my way of diverting my mind from going back to gambling.

~snip~
Right now Bitcoin fee is cheaper, it was not as cheap as before ordinal spams, but at least it won't really hurt you. If someone only have Bitcoin, now it's a good way for them to convert some of their Bitcoin to Altcoins that only used to gamble.

Actually people are gambling to refresh their minds, gambling isn't a must activity, anyone can gamble whenever they want and whenever they can.
Yes, perhaps bitcoin costs less now. I just checked the transaction fee, and it is still around $18, which is still a high transaction fee for me. I can use altcoins with transaction fees cheaper than $18. But to change the bitcoins we have, we still have to send bitcoins to an exchange or online exchange and then send them directly to our gambling account.

People who gamble should be able to refresh their minds. But what happens is that people use gambling to make money so that instead of getting freshness of mind, they experience prolonged stress because they have been on a losing streak. That's what we have to avoid if we want to gamble comfortably.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Tipstar on January 04, 2024, 05:05:39 PM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

Bitcoin only casinos are nearly unuseable. The minimum transaction fees are over $10 for segwit wallets and casinos are reportedly charging upto $100 for withdrawal fees.
Crypto casinos should all switch to lightning network and other altcoins. Use of bitcoin as an utility increases the numbers of transaction creating more congestion. It would be a wiser move to embrace alts for the casinos that are bitcoin only till date. Stake and bitvest are good examples how accepting altcoins increases the userbase.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: goldkingcoiner on January 04, 2024, 05:10:22 PM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

Any online gambling crypto casino that I know of accepts many altcoins which have fees that can be as low as a few cents. I really do not see the problem unless you are a person who only uses Bitcoin for their gambling deposits. Bitcoin was never meant as a lowest-fee currency but rather as a storage of value. I understand the current situation with Ordinal Bitcoin NFTs is complicated and has contributed to a high transaction fee, but until that situation is solved, just use trustworthy altcoins (top 10 by market cap - see coinmarketcap for more info).


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: LUCKMCFLY on January 04, 2024, 05:23:46 PM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

Any online gambling crypto casino that I know of accepts many altcoins which have fees that can be as low as a few cents. I really do not see the problem unless you are a person who only uses Bitcoin for their gambling deposits. Bitcoin was never meant as a lowest-fee currency but rather as a storage of value. I understand the current situation with Ordinal Bitcoin NFTs is complicated and has contributed to a high transaction fee, but until that situation is solved, just use trustworthy altcoins (top 10 by market cap - see coinmarketcap for more info).

You are absolutely right, it's just that sometimes people say they only have Bitcoin and there is no other way to convert it to another currency, so that's why I say that the best thing here is to put the crypto in this case Bitcoin and for the casino to give you the option. to take it or exchange it to other altcoins, because only then things can be seen in a better way, for that reason a casino like this will always be taken into consideration, something like what they call an Internal Exchange to be able to establish things well as they are as they are, then when they see something like that, people will go more to that casino, because if anyone has bitcoin, they know that if there are profits they can take it to USDT or any other altcoin, that is an advantage that now the casinos must give themselves In fact, I had seen this scenario a couple of years ago, and I have always recommended to the players to have an internal exchange, so that the players would have that option, it is much better and only then can things turn out much better.

Of course there are casinos that assume the fee and it costs them nothing for people to withdraw that money, then that is ease, it is comfort and that is what people look for in every casino, a casino that has those small details wins a lot more than they think, because that is what people are looking for, that they can win, let's say about 500usd and the withdrawal is 1 dollar and that's very good, as I said before casino like bitcasino.io where the withdrawal is assumed by the fee the casino, other casnios that are very profitable in withdrawal for example stake.com where the casino only pays 9 thousand sats, of course that is something that can be different, but things can be like that, in any case everything with Having the option to save the player money is valid, that's why I say that anything that comes close to doing things that way is good, of course we will always have the option of doing or choosing another casino, but as long as it is a casino of trust.



Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: madnessteat on January 04, 2024, 05:46:43 PM
^

As I've said many times Bitcoin has long since moved into the category of coins for storing value rather than making payments as it is very expensive compared to other cryptocurrencies.

 How is it that they can't convert BTC to other cryptocurrencies?
 
Nowadays, there are already many exchangers that have a good reputation and work directly through telegram. In my country, such exchangers are in high demand. as they exclude interaction with KYC and AML and centralized exchanges that pass all information to state authorities.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: AmoreJaz on January 04, 2024, 05:59:25 PM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

Any online gambling crypto casino that I know of accepts many altcoins which have fees that can be as low as a few cents. I really do not see the problem unless you are a person who only uses Bitcoin for their gambling deposits. Bitcoin was never meant as a lowest-fee currency but rather as a storage of value. I understand the current situation with Ordinal Bitcoin NFTs is complicated and has contributed to a high transaction fee, but until that situation is solved, just use trustworthy altcoins (top 10 by market cap - see coinmarketcap for more info).

that is very true, most casinos/bookies have long list of payment methods already. alts which are very cheap in fees. so why are you troubling yourself with btc only? and besides, there are so many trading platforms that you can already convert your btc to these alts, and then you can just deposit this alt to the casino. how hard is that?

just a very good example is  stake.com  (https://stake.com/), they have this list of crypto payment methods - BTC, ETH, LTC, DOGE, BCH, XRP, TRX, EOS, USDT, BNB, USDC, APE, BUSD, CRO, DAI, LINK, SAND, SHIB, UNI, MATIC. LTC & TRX alone will give you a very good option of using low tx fees. so why not explore other alts and you may appreciate such wide-ranging payment options?

As I've said many times Bitcoin has long since moved into the category of coins for storing value rather than making payments as it is very expensive compared to other cryptocurrencies.

 How is it that they can't convert BTC to other cryptocurrencies?
 
Nowadays, there are already many exchangers that have a good reputation and work directly through telegram. In my country, such exchangers are in high demand. as they exclude interaction with KYC and AML and centralized exchanges that pass all information to state authorities.

as we've been experiencing, btc deposits are not in any way at advantage these days. so better try out other alts. and for sure, you will appreciate the significance of these alts. and you won't bother much about high btc tx fees.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: tjtonmoy on January 04, 2024, 06:04:05 PM
There are alternative ways to deal with this situation. Many casino sites have different kind of payment method which includes alternative coins. It is not necessary that you only use Bitcoin for your transactions. You can simply use other coins until this congestion get cleared. The recent transaction fee is quite low compared to some days ago. But it doesn't matter when you have alternative ways to deal with such situation.
In times of problems you can use alternative ways and that is why alternative coins were created. Go take advantage of that. It will be much easier faster and cheaper.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: LUCKMCFLY on January 05, 2024, 08:40:59 AM
There are alternative ways to deal with this situation. Many casino sites have different kind of payment method which includes alternative coins. It is not necessary that you only use Bitcoin for your transactions. You can simply use other coins until this congestion get cleared. The recent transaction fee is quite low compared to some days ago. But it doesn't matter when you have alternative ways to deal with such situation.
In times of problems you can use alternative ways and that is why alternative coins were created. Go take advantage of that. It will be much easier faster and cheaper.
Of course, we all understand that, the problem is that if you play with bitcoin, and the casino doesn't have an internal exchange? what does he play? withdraw in bitcoin and that is where the casinos sometimes find it difficult to cover these transaction fees, because there are some casinos that do assume this expense, but not all of them have sufficient Capacity , some cover up to 70% and Still So things tend to look expensive, of course all this is what I would say affects how a person can do to avoid such transactions, and the idea is not to wait for the problem to be resolved or the problem, I have another solution how to continue Playing to make the fee , because only sometimes it happens that to be able to do this you lose a lot of money, since you will be risking a lot, then the prices would be out of balance even more and if the person waits and by chance the bitcoin goes up in price then the transaction is higher, unless the person assumes that 1BC=1BTC and that's it, from there they do not look at its value in fiat, and the hit is quick.

For this reason, some casinos should take the Initiative to move Quickly to solve all this , First of all to be able to Experiment with things that are more in favor of Making a less Expensive Exchange , and I don't know how Expensive it is to set up an internal exchange, since with that A large amount of money would be Moved , but internally in the casino altcoin wallets would have to be Enabled , although I Really would do Something like that in a Casino I would do it only with btc-usdt and if that works out for me it would be better and profitable, because if I see that I am going to lose a lot as a casino because it is not worth it , but it would be one of the things that can be done , I guess I sense how some or most casinos do not do it because it Means that it is somewhat Expensive , or something Maybe it's not Viable , that's what I'm assuming and that's why they don't do it, of Course I'm speculating About it.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: kotajikikox on January 05, 2024, 08:55:52 AM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰
Not sure with others but there are lots of casinos and lots of altcoins to use why only depending in Bitcoin? remember that this is about gambling in which we are playing to enjoy and win no matter what currency we are using?
good for me that i have always stocks of altcoins (not the big but enough to make me happy in gambling) so even congestion will never make me problematic to gamble.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: bakasabo on January 05, 2024, 08:56:19 AM
Casinos have solved high transaction fees issue (not every casino has changed their withdrawal policy according to current fees situation) with increased fees in other altcoins. For example Bitcoin, some casinos offer slow and fast withdrawal methods. During high fees, casinos still charge $3-10 for withdrawal, while it cost $20-50 for user to make a transaction. How casinos handle that? Lets looks at BNB fees for example. It cost around 1 cent to make a transaction, when casinos charge users $0,3-1 for that.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Blowon on January 05, 2024, 09:00:59 AM
Simply put, gamblers usually use Trx to make transactions. As we know, Tron is the cheapest coin now to use for every transaction. therefore gambling sites offer several crypto options for deposits. Usually there are always Tron and Litecoin as iconic coins for cheap and fast transactions. they also provide gambling games for these two coins. I'm sure the way they cover it is with tron and litecoin, although in some transactions they still use bitcoin (if the transaction is large) but in large transactions they always rely on which coin has cheap and fast fees.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: harapan on January 05, 2024, 10:36:18 AM
Are the players of the casinos not allowed to swap their coins?
You can easily swap your Bitcoin for other relatively trusted stable coins or just swap for an altcoin.
Crypto casinos have a wide range of coins for withdrawal and funding. So there's nothing wrong with swapping your Bitcoin to another coin to evade the high transaction fees.

On the forum, some campaigns that use Bitcoin as a mode of payment have switched to other altcoins, I don't know if this is per the rule of the forum but it saves them and their campaign participants more transaction fees.

This has always been my fear about ordinals.
Normally, I don't care about Ordinals, but I knew it was a matter of time before people started looking for alternative means to reduce transaction fees. This would in turn reduce Bitcoin adoption and this is my concern.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: piebeyb on January 05, 2024, 10:50:36 AM
People who gamble should be able to refresh their minds. But what happens is that people use gambling to make money so that instead of getting freshness of mind, they experience prolonged stress because they have been on a losing streak. That's what we have to avoid if we want to gamble comfortably.
That only happens to poor gamblers, usually they tend to want to gamble because they want to make money, so they get a little stressed if they lose, let alone lose a lot of money, it's really sad to see them like that, gambling should be used as a place to have fun or entertainment to refresh the mind. but it actually makes the mind even more stressed because it experiences many losses from gambling itself. lol

Returning again to the discussion about expensive transaction fees, Bitcoin gamblers should take a break when they see high transaction fees on the current busy network. This could be a reason not to gamble temporarily for anyone who gambles using Bitcoin, even though there are other crypto alternatives. others that can be used for gambling and have much lower transaction fees.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Taskford on January 05, 2024, 10:52:37 AM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰
Not sure with others but there are lots of casinos and lots of altcoins to use why only depending in Bitcoin? remember that this is about gambling in which we are playing to enjoy and win no matter what currency we are using?
good for me that i have always stocks of altcoins (not the big but enough to make me happy in gambling) so even congestion will never make me problematic to gamble.


Gamblers have a lot of choices so instead of getting frustrated with high fees they should choose other alternatives.

But if they decide to gamble using bitcoin for sure they might struggle for that and no other choice but to follow what recommended fees set by their wallet or else they will get a slow confirmation with that.

For sure same as you lots of gamblers have alternative coins to use since fees for bitcoin is much crazier since if we encounter a pump high fees comes together that's why when I game I choose those alts because if I choose to deposit bitcoin I feels like I already lost considering those fees that we need to settle.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Hirose UK on January 05, 2024, 10:53:09 AM
~snip~
Not sure with others but there are lots of casinos and lots of altcoins to use why only depending in Bitcoin? remember that this is about gambling in which we are playing to enjoy and win no matter what currency we are using?
good for me that i have always stocks of altcoins (not the big but enough to make me happy in gambling) so even congestion will never make me problematic to gamble.
You are right that there are many casinos and also many altcoins that can be used for gambling, after all, every gambler will have their own favorite currency for each use for gambling.
It just that there are lot of gamblers who still use Bitcoin for gambling because the price is experiencing an increase and when they have enough saved in their balance to gamble then that amount will also increase, this is profitable because it increases capital.
It just that because the increase in costs has more than doubled, it means we all have to pay more, most gamblers will use USDT in their currency value because the costs are very low.
When just gambling for fun we can use various altcoins that are available to use and this is the best alternative to be able to face the increasing costs that occur with Bitcoin.
Moreover, several altcoins such as USDT also have several networks which of course can avoid congestion that occurs when carrying out several transactions such as deposits or withdrawals and I personally choose USDT as an alternative but the main currency value is still Bitcoin.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: GigaBit on January 05, 2024, 11:17:33 AM
do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??
Mempool congestion has been great problem for all Bitcoin users. This is very embarrassing especially for those who doing small transactions. Due to the increase in transaction fees, many will conduct gambling with altcoins rather than gambling with Bitcoin. I think the gambling platform will not suffer much if they have a alternate deposit system. Every crypto-based platforms has multiple deposits system. A gambler who is willing to gamble must choose to continue his gambling under any circumstances. If he is not a small gambler then the tax fee is not an issue. I used to gamble with Bitcoin but now feel comfortable gambling with TRX as an alternative.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: maydna on January 05, 2024, 02:49:23 PM
~snip~
That only happens to poor gamblers, usually they tend to want to gamble because they want to make money, so they get a little stressed if they lose, let alone lose a lot of money, it's really sad to see them like that, gambling should be used as a place to have fun or entertainment to refresh the mind. but it actually makes the mind even more stressed because it experiences many losses from gambling itself. lol

Returning again to the discussion about expensive transaction fees, Bitcoin gamblers should take a break when they see high transaction fees on the current busy network. This could be a reason not to gamble temporarily for anyone who gambles using Bitcoin, even though there are other crypto alternatives. others that can be used for gambling and have much lower transaction fees.
Yes, taking a short break is a solution that we must share with fellow gamblers so that they know that by taking a break, they can really refresh their minds and not think about gambling. They can do other things that might help them reduce their gambling activities. By resting, they can save money instead of using it for gambling to have more money to use for other things.

By resting, they also prevent losses from gambling and of course, they will not lose their money because the money has been saved for other purposes. They can go on holiday for a while to another place to reduce the tension of playing gambling previously, which will help them forget about the defeats they have received previously.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Agbe on January 05, 2024, 03:02:54 PM
Casinos also use fiat currencies and USD so gamblers can use those ones to gamble in the site. They can even convert the Bitcoin in the site to any other altcoins and withdraw and also use altcoins to deposit. And according to some of the Bitcoin experts in the forum, the ordinals that are spamming the Blockchain cannot be removed from there so tx will also become volatile like it master Bitcoin. And those who are engaged only with bitcoin still gamble with the high transaction fee.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: irhact on January 05, 2024, 04:10:42 PM
There are alternative ways to deal with this situation. Many casino sites have different kind of payment method which includes alternative coins. It is not necessary that you only use Bitcoin for your transactions. You can simply use other coins until this congestion get cleared.  be much easier faster and cheaper.

You're correct and some casino that didn't have alternative options for payment are adding it to their casino due to the congestion. Stablecoin can also be used when fees are high or other altcoins that the casino that you're using is supporting. Fiat currency are also been used on most casinos therefore there are different options to use when Bitcoin network is congested. No individual is struggling with fees unless you decide not to use other options available but use only Bitcoin.

Also you don't have to make deposits every time you want to gamble, you can keep small amount of money in your gambling account so you can use it to gamble and always refill your account when the network congestion has been reduced. Bitcoin fees aren't always high, some time the network will be less congested and you can refill your casino account with the money that'll be enough for you to enjoy your games for sometime.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: dimonstration on January 05, 2024, 04:15:47 PM
Casinos also use fiat currencies and USD so gamblers can use those ones to gamble in the site. They can even convert the Bitcoin in the site to any other altcoins and withdraw and also use altcoins to deposit. And according to some of the Bitcoin experts in the forum, the ordinals that are spamming the Blockchain cannot be removed from there so tx will also become volatile like it master Bitcoin. And those who are engaged only with bitcoin still gamble with the high transaction fee.

Actually that 3$ to 10$ transaction fee isn’t that a big deal for user that huge bankroll in Bitcoin because the price is increasing too in long term. He can recover that fee with just a little price movement on Bitcoin price or by winning few bets in the casino. It’s not a reason to struggle in gambling just because of high tx fee since withdrawal and deposit is not frequent on gambling unlike on trading which user often store their coins on non custodial wallet after trading.

Also some casino offers free withdrawal despite high transaction fee in Bitcoin. This makes gambling on Bitcoin still convenient but ofcourse this is not advised for low bankroll user because the fee is already significant percentage on his total bankroll. As a normal bankroll gambler, I can say that fee doesn’t affect me much.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: macson on January 05, 2024, 04:18:54 PM
I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 11/3 of the usual influx.

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰
You can try to check for yourself how many players are still busy on an online gambling site even though bitcoin fees are high, anyway, only the bitcoin fee is high but the cost of sending altcoins is not high so there is nothing to worry about, especially when there are alternative options for depositing or making withdrawals on an online gambling site.  but i really wonder why there is still no exchange feature on a gambling site, i'm sure it will be a very helpful feature for gambling players who actively play.  


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: TheUltraElite on January 15, 2024, 01:59:23 PM
Transaction fees have gone down again but the enthusiasm of gamblers never did inch away even a little bit. They are continuing their pursuits of high multipliers and rolls like they always have been. Like I said previously, gamblers gamble because they are in a hunt to make money with their luck. Here any obstacle to depositing money is shooed away like anything.

Also such times are temporary in the bitcoin network and for the time being altcoins came to the rescue. Eventually it settles and the players are back in order.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Reid on January 15, 2024, 02:07:47 PM
I use Bitcoin before to gamble, now I am using USDT. It's a waste of Bitcoin if we just keep on using it for withdrawals. That's a lot of money paid for the transaction fees instead of just $1 in USDT Ethereum chain. Some friends are suggesting me to use XRP instead, it's way more cheaper than USDT but I think I can manage the $1 fees. That's lower and easy to gain. I don't have any problem with XRP but I am not used at gambling using that currency, I get confused how much the money I have or lost.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: Cookdata on January 15, 2024, 02:13:01 PM
There are alternative ways to deal with this situation. Many casino sites have different kind of payment method which includes alternative coins. It is not necessary that you only use Bitcoin for your transactions. You can simply use other coins until this congestion get cleared. The recent transaction fee is quite low compared to some days ago. But it doesn't matter when you have alternative ways to deal with such situation.
In times of problems you can use alternative ways and that is why alternative coins were created. Go take advantage of that. It will be much easier faster and cheaper.

It's low now because the people behind the exploiting has give it a break. Wait for a month before halving and see some crazy fees around Bitcoin transaction. As long as inscription exploitation of sats on Bitcoin network bug is not fix,the crazy transaction fees aren't going anywhere, it will resume and miners will be the only people enjoying this fees because people have bitcoin to spend and wouldn't sit and allow their investment to decline.

The alternatives is are good in funding Casino but the challenges here is that people want to see their win in bitcoin. For instance, if you deposit USDT using Tron(trc20) as people are suggesting, if you want to wager, you have to wager with the amount you deposited but for casinos that has market place where you can trade, you can move your coins from casino wallet to the market place and do some trade in the casino and then move back your coins the casino wallet where you can bet using bitcoin since many people prefer to use Bitcoin to gamble and have their profits in Bitcoin.

Another challenge could be because altcoins can be seize, we have seen so many instances where USDT are seize by the company, you don't want your profits be seize by one company because they suspect your money or doesn't like the casino you use for betting, there are the problems of the alternatives.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: topbitcoin on January 15, 2024, 02:18:06 PM
Yes, currently regarding the application of taxes to entertainment venues and casinos, it is increasing day by day, the same thing is happening in my country. And if the application of this tax continues to increase, this will cause something quite worrying to happen. Apart from small casinos which are threatened with going out of business, because they do not have enough capital. But it would be even more worrying if these gamblers ran to visit illegal casinos. remembering, they can no longer afford the quite expensive costs, while their desire to gamble continues to swell. And when these gamblers run to visit illegal casinos, apart from being detrimental to themselves, because these illegal casinos are very prone to cases of fraud, this will also be a loss for the state, because if legal casinos experience a drastic decline in visitors, then their income will decrease, as will tax revenues.


Title: Re: Casinos and gamblers are struggling with high tx fees.?
Post by: YOSHIE on January 15, 2024, 02:19:16 PM
do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??
That's the great thing about online crypto casinos, there are many other alternatives that you can still use in the Txid activities that you use, the gambling industry currently has many crypto-type features that you can use to overcome expensive transaction costs, If Bitcoin is currently known to have high fees, we can still use others such as Tron and so on.

As far as I know and what I have seen, many of them are betting using USDT for now, maybe that way we can overcome the small losses incurred, High costs are not a reason or obstacle for those who gamble, there are many options to solve this problem.