Bitcoin Forum

Now the gambling site was in the trouble because of the high transaction fee by the exchanges like the Binance.It was unacceptable one for the gambler to pay 26 dollars to withdraw funds from the Binance.Being a gambler,my opinion is to hold till the money in the exchange itself.Surely we get the profit from the gambling site,if we follow some techniques in the gambling site.But my point is why we need to pay the exchange fee of 26 dollars for the single transaction.

My decision may be seems revolutionary one,but the fact is the same transaction fee will be reduced when the market back to the bear standard.The bull run give huge dollars to the trader who hold from the 31k market price of the bitcoin.I had some arguments with my friends with whom we meet on every weekend.They also had the opinion of hold their money in the exchange till the market fee back to the normal one.So what your standard for the current transaction fee of bitcoin.

Binance is charging fee on bitcoin transaction excessively. They are really using it to make money for their own pockets.

If it is small amount of money, move it using a lightning network. The fee is cheap.

It was not expected at this time,because I had a different plan in this bull market.If I had multiple the cryptocurrency in the gambling site,then I will get more dollars with the bull run.But the same was backfire now,So holding will be the better option as like you stated.If the gambler ready to pay the fee and manage the same from the gambling site profit can do the transaction now.

But to take risk,you should have steady profits from the gambling site.Or else it will be the complete loss in the gambling site and loss posses due to the transaction fee.It leads to two loss for playing the gambling which make the gamblers to get additional loans from their friends.We know the stand for our friends on the loans for the gambling,they never give us loss for the gambling.It leads to the gamblers to bankrupt due to their decisions of playing gambling at this high transaction fee which prevails in the current market.

This thread is not fully based on the exchange,it was described about the impact of the current transaction fee on the gambling site.Since it was based on the gambling site transaction,I think this will be exact location to discuss about it and it was my recent experience in the gambling site.This was not my situation being the gambler,it was the same situation faced by my all of the gambler friends.We should wait for the market fees to settle down to deposit in our gambling site.


It was their own decision to get some dollars from their user at this bull run.But it had impact to the gamblers who only use the exchange for the deposit of the money to the gambling site.Because even the best gambling site had high fees to buy crypto using our credit cards.This was the important reason the gamblers to buy their crypto coins in the binance and then send the same to the gambling sites.We hope the transaction fee will back to normal in few weeks.So the gamblers should have some patience for their further transactions to the gambling sites.

The current Bitcoin price is only a small bullrun due to Bitcoin's high transaction fees which surprises everyone. If such a transaction fee (small holders/owners of small amount of bitcoins will definitely be vulnerable here). Some time ago the Bitcoin transaction mempool was much larger. We cannot afford transactions with such high fees. Small gamblers in particular are currently at risk because dollars cannot be transferred elsewhere. Almost everyone is at risk because of the current high fees, which is currently the biggest barrier.


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This is the reason why I always keep gambling funds inside my gambling site accounts , yeah I leave small funds in each casino that I love to play being ready for this kind of situation .i have learned this many time before and yes now I know how to manage congested market.
so this may be lessons for those who loves to gamble when they have time to try let your small funds inside the site(of course like investing only the amount you can afford to lose) so you have multiple target , to have gambling funds ready? or to use as Holding amount.

bullrun always have a bad impact with high fees and lower class gamblers will complain about this, even I also felt the impact of the increase in BTC fees. but there are always other alternatives and this fee increase will not discourage gamblers because there are many alternatives to continue gambling with lower fees.
and gambling sites may not be able to do anything because this is the impact of the upcoming bullishness so gambling sites can only follow the costs of the current BTC price and we as gamblers have to make a little effort to find the cheapest alternative.

I think there is no problem if we want to make a deposit to a gambling site if we already have bitcoin on Binance. We just exchange it for Tron or Doge and we can deposit to the gambling site at a low cost. If the bitcoin we have is still in the Electrum wallet, that is a problem because we don't have the option to exchange it for altcoins, so inevitably we have to pay high fees if we want to deposit to a gambling site.

The first thing is why you hold your coins in centralized exchange.

The second is gambling will not always make you earn.

And the third is, even you send your coins from non custodial wallet where you can customize your own fee to make it cheaper, do you think withdrawing your coins from casino is free? only few casinos offer free withdrawal.

Well, I think the best thing to do here is to wait and hodl if you had no other choice like Altcoins that offers cheaper transaction fees. For me, Doge, XRP and Shiba Inu has direct support from our local e-wallets though I am not sure if these coins are supported by the gambling site because most of the time they only accept Bitcoin.

I like the opinion of your friends. This is the most logical thing to do. Another thing you can do if you use a softwallet like bluewallet is to monitor the times when there is low activity on the network like towards the midnight and early in the mornings. You can take advantage of those times. Have you thought of using other substitute of bitcoins that has very low transaction fee. There are no consequences to using them as long as they accepted by the casino.

The first thing that I don't understand is, why you sounds like Bitcoin is the only one cryptocurrency that can be used to gamble? there are a lot cryptocurrency out there with cheap transactions fee, TRX is one of the example where you can send the coins without any fee as long as you stake some TRX in your wallet.

But let us be truthful because gamblers are most likely to add more funds to their gambling account as the old funds is exhausted and gone. Are you sure that your gambling funds on the gambling sites are not used up and you will want to add more funds? Gamblers will just prefer to use altcoins this time because they still and always have cheap transaction fee. As my coins has been used up with losses, I have been using altcoins instead.

There are sites that are supporting altcoins like Tron. Tron is even common on most crypto gambling sites.

Yes, you are right, the problem at the moment is those who store Bitcoin in non-custodial wallets because of transaction fees and exchanging it to an exchange is not a solution because you still have to send it first, which means it requires fees.
What is quite worrying is that the current situation makes gamblers think that saving it at an exchange or casino is the right choice to avoid high fees even though that is not very appropriate, especially if the funds stored there are quite big which will make the gambler lose the money due to other things whose losses are greater than the current fees.

At first, I also traded on Binance and saw they offered free transactions. But the truth is that when I traded, I lost a fee. Did they deceive the players?
Bear season does not reduce transaction fees. Only the net profit for players makes them forget about the costs they have to pay to the exchange. I believe that in the coming time, many more exchanges will be born. They will continuously compete with each other to win the hearts of customers. The beneficiaries are probably the customers, who will have to reduce transaction fees to keep their customers.

I would agree that this is not to be expected by any bitcoin related services, like exchanges and online gambling sites. But it's what it is right now, nevertheless I believed that the high fees can't sustain this kind of run, I mean it was obvious that this is a deliberate attack on the mempool by some entities or the people behind Ordinal or whatever you call it.

I don't see that being back in the bear market will reduce the fees, again the reason for the increased is the whole ordinal thing. If they will simply stop then we will be back to normal with less than 5 sat/vB to make a good transaction and be included in the next block.

Bitcoin blockchain is not good for money transactions, hate to say this but it is true. Nevertheless, if you have money for gambling, you don't have to move your money from a centralized exchange or a gambling site anytime. It relates to your fund management too because I will like to diversify my portfolio to different assets like fiat currency, stable coins, Bitcoin and altcoins that can give me cheap transaction fee like Litecoin or Dogecoin.

For people, traders or gamblers, who have to move bitcoin during this expensive time, they have to learn and manage their portfolio better to avoid losing money for transaction fee.

If you are someone who do make use of Bitcoin on the time that you do gamble and actively sending out from your wallet to gambling platform? It is really that too costly  for the current fees that we do have as of this moment but we know that this isnt something that very often. Just like you do say that whenever the network do have this congested situation then it cant really be denied that it do really sucks on making some bitcoin transactions which the fees were too high and confirmation of transactions is really that too slow. If you are that someone whose really that making some
transactions and needing it asap then you would really be making yourself get delayed because of the current market condition. This is why it would just normal
that people would be finding out other alternatives.

Many can relate to your frustration, especially in situations like this. It's disheartening to spend a hefty fee, especially for small gamblers like myself. Just a while ago, I tried transferring from my trust wallet and attempted to change the network fee, but I encountered an error: "Transaction error. Unable to transfer due to dust UTXO error." Now, I can't transfer funds or play. I guess I'll have to wait for things to settle down, so for now, I'm monitoring the network in case the fee decreases.

At some point today, The transaction fee drop down to 4$-5$ level that makes my pending transaction confirmed. I sent the transaction yesterday when I created this thread https://bitcointalk.org/index.php?topic=5476775.msg63279027#msg63279027. I think we should sent in advance our transaction with desired fee because the transaction fee sometimes drop that might confirmed our pending transaction.

Besides, Not all gambler is using Bitcoin with gambling so I don’t see this as major problem to casino since there’s a lot of alternatives with much cheaper fee.

Yes, we all know the frustrations and seeing the fees going up, earlier it really went down to like 50 sat/vB, although this is still very high for us, but at the current price still very low. But the again, it shoots up to currently, guess what, 386 sat/vB. And with that, it's not logical to used that fee to get faster confirmation as some of us could have won smaller than the fees that we have. So the only thing is to really wait again and timing the mempool to clear at least or just used stable coins if you can or any other altcoins as most online gambling platforms as well supported different coins now.

You have three options regarding with that and that is to deal with it since you can't do anything as you still want to continue to gamble using bitcoin since you believe that if you can earn the more money you get since you are also speculating about the bull run. Other option is to exchange it with USDT since most of gambling site have USDT option to choose then you can gamble without worrying any huge fee also you are prone for dumping since you are dealing with stable coin so nothing happens with your deposited funds there. Last option to take is to stop gambling for a while and hodl your funds since its really a waste of many paying extra fees that's why its good to decide to quit and just come back when everything is settled and fees get back to normal.

Do remember, this is not new, it always happens whenever there's a Bitcoin price surge.  We are just impatient with the changes that will happen.
Soon, all exchange and gambling sites will adapt to the Bitcoin price and they will change the fees. There's just heavy traffic now and it's better if we don't add to that. Make one transaction that would take advantage of that single transaction fee. Although it's high, if we are not doing it every week or every day then I think it's still a win for us.
Another option is using other coins for gambling purposes. Exchange it first with a platform that has the cheapest trading fees out there.
Or, the best and wisest decision would be to take a rest. It's just gambling, it will never go away, and it will always be there to wait for us to go back and gamble again.
When Bitcoin hits ETF, it will probably calm down for a long time and we will see big changes in tx fees.

Bro, I must say I didn't get you correctly. Is it that your account is not independent of Binance or what? Binance is an exchange and of course, not the only way to fund your betting account, you can use other options and will be just fine. The transfer fee of Binance is way too high, it's killing and it could be simply termed extortion as they are in the business, they know how the Mempool work, they can adjust the fee accordingly if they want, and they are also fully invoved in the mining of the block, only that they do not care but make big money. That aside, you can deposit into other non-custodial wallets and get to be making your betting in peace. And if you must use Binance, there is still nothing wrong with that, you only have to be smart with it.

It's not a must you use Bitcoin at this time, you can convert your Bitcoin into another coin/token allowed by your gambling site and you are good to go. By this, you would have settled the issue of the fee instead of depriving yourself of the joy of gambling and also keeping your money to be wasted with Binance.

I think everyone already knows that when the price of bitcoin increases, it will create a pile of more and more transactions so that in the end the blockchain network is busy getting confirmation and transactions are put into blocks, at least using transaction fees which are not cheap, this also happens to Ethereum, not just bitcoin. I'm sure you saw that Ethereum transactions are also increasing.

I know it's very annoying when you have to pay expensive transaction fees for just one transaction, even though we can pay it cheaply when the network is really not busy, but know that at the moment the blockchain network is really very busy so just use another alternative, for example, like a blockchain network. others that use much cheaper transaction fees, after all gambling doesn't just use bitcoin, there are many other alternatives available at the casino, just try it while waiting for bitcoin transactions to get cheap again.

The high fee isn't Binamve's fault, you make it look like it's only Binance that's charging charging high transaction fees. If it were only Binance that's charging high transaction fees, then users would just simply switch to other exchanges which would then be charging normal amounts for fee. The fee issue is generally everywhere on the bitcoin network not just the Binance exchange.

And then again, Binance aren'tt the ones directly benefiting from this high transaction issue, Binance is just going about their normal daily businesses. The ones who are really benefiting from this high transaction fees are the Miners, because transaction fees are the miners' incentives, so whether transaction fees are high or low, they are the ones benefiting from it and not Binance. Be guided.

It’s true,we need to wait for the current situation.But the problem here was the gambler will suffer to play their game in the gambling.If the gambler was the gambling addicted person,then you need to think about it.They will ready to pay the fee for each transaction in the exchanges.In the gambler had won the money along with the fee means it will be the better one,if he had failed again with the transaction fee.This was important one here and we need to wait at the end.


This is not the new phenomenon in the cryptocurrency,but if we come to the gambling it will be the hardest part now.If we find the other exchange which will help our current situation will be the better option.But with my investigation I had not found any exchange with less fee.Many of us using the binance for the trusted position,but they trying to earn money at the hardest time like gambling deposit.The gamblers should now on hold their money in the gambling site will be the best option we have now.

Lets make it simple, why dont you swap it to other coins such as TRX, USDT (TRC20, BEP20), XRP, LTC, Doge, Solana or even BCH then use it to deposit on any casino.
Different story if you keep the BTC on your personal wallet, not Binance.

Holding the money on the casino is not wise either, especially when you are a degenerate gambler. In the end you might lose all the money before the fees back to normal.

Isn't that normal fee on an exchange for Bitcoin withdrawal? Usually it was about $20 if I am not wrong but with the recent surge in BTC price the fee looks higher or they using dynamic fee structure now?

But what is the connection between exchange withdrawal and gambling site suffers due to high transaction fee?

If I am not wrong most users don't send funds directly from exchange to gambling sites or vice versa because its not smart to not to have hold on atleast one end with our funds.

Except the money is is needed urgently to take care of an urgent need on ground, it's advised you allow the money stay in your wallet, because the charges are currently room high and in some cases you may spend almost half of your funds trying to place a withdrawal on the same fund buy then I'd you leave the money for this period you can het it latwr when the charges are down.

Most gambling sites have the challenge of this transaction fee as it's beyond their powers, especially with funding , which lies within the exchange to regulate the charges on every transactions. Buy if you already have some crypto in your gambling wallet, you could choose to further Gamble with it so it increases by your wins and that way you get enough to pay for your transaction fee. Buy then you can still leave your coins there although thats a very risky idea because gambling wallet could be hacked.

You do not understand the network dynamics, it appears. Binance is not the ones who impose these fees, the bitcoin network does with its current network conditions. Binance, or any other exchange for that matter, do not have any control with the fees that the network currently dictates. They simply follow these in order to make sure that your transaction gets confirmed and not get dropped, or worse, stuck in a limbo for weeks on end.

My advice: if you really want to gamble so bad, better exchange your coins to another that is accepted on your platform of choice (XRP, Litecoin, etc). This way, you'll get the most value out of your coins and not yap about the current network fee.

If I understand you correctly, you had issues withdrawing your funds from binance because of the outrageous cost of withdrawal fee.

If the above is correct, then it has nothing to do with the gambling site, its a personal issue between you and binance and binance also is considering the high cost of fee on the blockchain so as not to keep your transaction pending.

Lately, the cost of fees on the bitcoin blockchain has skyrocketed and it has remained a cause for concern.

No, don't hold it on an exchange especially if it's huge, you can use non-custodial wallet or best a hardware wallet. Binance itself or the casino wasn't at fault in the first place if there's a price hike on transaction fees, they're just literally follow the market structure of fees. My advice is that if you will just put it on an exchange and can't gamble the money yet then I suggest trade that instead.

Today's fees on the Bitcoin network are huge and inconvenient. It’s good that I made a deposit on the gambling platform before November, and the commissions were tolerable. But yesterday I transferred Bitcoins from Trust Wallet and you can see the commissions on the chart, I gritted my teeth and thought that my $60 commission was a lot. But today the Commission has increased by 270%! So it was not do bad.
And the trouble is that you cannot choose another cryptocurrency.
Yes, I can reduce the amount of satoshi per transfer, but there is a risk of sadly looking at the frozen transaction for another 5 days. This is a true story.

As far as I know, the damn Ordinals are to blame again.

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I don't know what the situation is like with bitcoin transaction fees in other casinos, but as I use stake.com I will only talk about the stake, at the moment in stake for withdrawals they subtract $3 for the transaction fee, this means that the person pays a Very low transaction fee value, so playing at stake using bitcoin even at a time like this when the price of bitcoin has risen a lot has a lot of advantage because the person will not pay a high fee. but I think using altcoins with low transaction fees are the best choice. imagine paying a 9$ fee when using bitcoin while you can use an altcoin that has less than a 1$ fee, it's simply an easy choice for the person to make, in my case I use litecoin

I see Litecoin being very advantageous for gambling, although in this bull market for Bitcoin, the price of Litecoin has fallen and it has become very complicated to use Litecoin to gamble, which is why using another alternative like USDT is the best solution at the moment. , if a person deposits 10 USDT and continues playing, the value remains the same, unless the person playing loses a lot, perhaps stablecoins are the most appropriate to be used in casino. Now talking a little about withdrawal fees from Binance, honestly I haven't been withdrawing Bitcoin from Binance these days, but I know they didn't know when the price of Bitcoin rose a lot that it became very expensive to make withdrawals from Binance, this is because they had a high withdrawal fee. withdrawal in bitcoin and regardless of the price dropping, they didn't lower their fee

There are always alternative options that can be relied upon in such periods of crisis. There are many networks that are faster and have lower fees that can be used for both deposits and withdrawals as well.
Personally, I have always avoided making deposits and withdrawals using Bitcoin or Ethereum, even during periods when the network condition is normal. On this same basis, I always advise choosing platforms that offer multiple options of cryptocurrencies on different networks so that the choice is easy. Since everyone uses their wallets on trading platforms (Binance is the most prominent example), withdrawals from Binance to be transferred directly to the gambling platform will not be expensive in fees or time. Recently, I have been making deposits using the Tron network and withdrawing using one of the stablecoins USDT.

(Of course, this is the worst thing that can be done, or perhaps the most dangerous, is to transfer directly from a trading platform to a casino, but it cannot be hidden that the majority do this and only a minority of users are aware of the danger of this.)

I don't know if the Binance fee has increased to as high as $26. The last time I tried withdrawing BTC from Binance, the fee rate was still in the range of $8-10, which was, what I considered, very high at that time.
 
As the fee is very high, saving and leaving our crypto on exchanges is not advisable, if not for the purpose of buying and selling for those who don't know how to use CEX. What's the need for holding Bitcoin on exchanges? If the purpose of the coin was to be withdrawn to a casino wallet,
 
I will advise gamblers to use other networks with a cheaper fee rate, like LTC and other available ones, as supported by the casino, as that is far better than leaving crypto in an exchange-account.

In the issue of transaction fee I don't throw blame on any exchanger at all as the issue is equally out of their absolute control and just as @ever-young said they have very less or (nothing) to benefit from those fees it's actually the miners that are the benefactor of every transaction fee charged, and I have this feeling within that the fees binance have set for their users depending on the amount you are to transfer is for users to get their transaction quickly completed going by the congestion in the bitcoin network.  I use electrum and I also experiencing the high transfer fees unlike what I use to spend for transaction of a $500 now I have to spend double of that transfer fee if i am in a hurry to get my transaction completed in time.

I think we are all clear about the need for our funds to be kept in our private wallets, since it is something that by pure intuition should be in our hands and not in the hands of a casino, or in the hands of an exchange that is oq I see it as even more dangerous, for these reasons we must always focus on seeing if it is worth paying a transfer fee so that better options can be generated to have it in our hands, we are people who are very Customary , sometimes I trust a lot in the exchanges to leave money, but lately according to everything we have been through, it is better to have it in our possession, since if they are in our favorite casinos, or in our very coifrbal exchange, the new money is ours, it is the where it is, and that is something that people still do not see clearly, but I see that the other things that have to do with making more management about the possibility of the money being in our hands is better.

Many cases that have been presented here in the forum and outside the forum, from exchanges, from sites that store our money, because we had an account in a casino or in an exchange, well they have done things that are not pleasant at all, yes, they go away , so it's a government, or so many things that can happen because the regulations of the places are there, but we have to see when things are better, and one of those is when we obviously act in a good way so that our money is Sure, you should no longer leave money in a casino or in an exchange, in fact I think I have more confidence in a casino like stake.com or bitcasino.io that are casino trust for me, they prefer to have my money there than leave it in an exchange, for For example, Binance is one of the exchanges that everyone trusts the most in general, but I actually don't , I don't like their policies of kneeling before Governments and police officers in the world.

Due to the high fees, gamblers will have to change their usual behavior or simply accept to pay a lot of money just to withdraw their coins.

However there are many ways to avoid this, you could use the LN, you could keep your coins at the casino or the exchange for a longer period of time or you could exchange your bitcoin for an altcoin and then ask for a withdrawal, neither of those options is perfect but if your main motivation is to save money then those three methods are good enough if you ask me.

Overall, I think gambling sites charge lower fees than centralized exchanges like Binance. There are even some that charge zero withdrawal fees. But if your gambling platform of choice charges high transaction fees, there are always other options. If you want to stick around, however, surely there are other crypto options available. Litecoin, for example, is cheap and is also normally offered in majority of gambling sites. There's a reason why it surpasses even Bitcoin in daily transaction volume.

It is true that large transaction costs will affect the results of gambling. but when viewed in terms of USD currency. if you look at the price of bitcoin itself, it certainly becomes very cheap because the income from gambling is also very large even far from the transaction costs themselves.

try to choose an exchange with a small transaction fee, and use a segwit address instead of using a legacy one. and if possible, use altcoins to deposit or withdraw from the gambling site you are using. that way the transaction costs I think become more affordable and not burdensome to each other especially for low income gamblers.

Keeping gambling funds in a gambling account might sound right because of the current high transaction fees but it is not the ideal thing to do. Some people have the problem of gambling more than they should if they have much funds in their casino account so they prefer to transfer little funds periodically. Others also deposit funds for gambling weekly or even monthly based on their gambling plans or budget and transaction price has been high for a few weeks now, so it still affects them. Keeping large funds in casinos could also be risky because they are centralised platforms that could be unpredictable. However, some reputable casinos have stood the test of time.

Gamblers prefer to use the gambling platforms they are used to and the ones they also trust. Many gambling platforms cannot be trusted so it is always better to be loyal to gambling sites that have a reputation. Seeking other transaction alternatives will be a suitable solution. Using some altcoin will be nice due to its low transaction fees. Casinos should also give gamblers cheaper payment options like using the Lightning Network to deposit funds. I also saw a discussion where people said that some casinos allow customers to gamble with zero transaction confirmation. This means gamblers could use a lower transaction to send funds and they could gamble as the casinos wait to confirm the deposit.

Transaction fees are usually relatively high because the price of Bitcoin has increased and there has been massive transaction traffic. Due to which the amount of gas fee increases due to additional transactions. Especially if you are transacting from Binance exchange to other exchange then of course you have to pay huge transaction fee. In this place, small gamblers face the danger of not being able to transact even if they want to.



You said transaction in USD is really possible for big gamblers but not possible for small gamblers (if they do below 5 or 10 USD). Gamblers in particular benefit if the transaction fees are low and gamblers are most likely to bet. Because there are all gamblers, big and small, some gamblers have a small amount of wealth.

Exchange charges more than the gambling casino and also still if you don't want to get hurry with your gains you can hold it for a while and wait for the hype of the market congested with the bitcoin transaction, recently the transaction fees soar high up to 300 sat/byte so its not good to commit your transaction if you just want to pull it out just around a 100 dollars. If the gambling platform you are using have their own exchange right there try to use the other coins for withdrawal so you don't need to pay a high fees.

As far as I know, gambling sites have different rates from exchanges. So, when we make a withdrawal, usually the rate on the gambling site will be more expensive than on the exchange. Maybe the difference isn't that much, but I think that's what makes gambling sites give gamblers cheaper fees for withdrawing money. Try checking on your favorite gambling site, when you are going to make a withdrawal, pay attention to the guaranteed rate for the withdrawal and compare it with the exchange, there is definitely a difference. Example, the rate on a gambling site per BTC is 44,000, the rate on an exchange might be 43,000 or whatever, which is definitely lower than the rate on gambling.

Maybe not all provider, but some of provider that i know, doing same method. CMIIW

For now, it is better to postpone sending any coins to the casino, and it is better to take a break from gambling first rather than get emotional because the transaction may be delayed. But altcoins can indeed be a solution to still being able to gamble by using altcoins as deposit coins. But taking a break from gambling can give us the opportunity to calm our minds from gambling. After all, we can go back to gambling whenever we want and there is still plenty of time just to gamble unless we are already addicted to gambling. That won't stop us from always gambling.

The majority of casinos have anticipated this and they know that the majority of gamblers are also investors and supporters of altcoins so they made sure that players have the option to choose what coins they want to deposit, It's very rare to see casinos that only accept casinos, they will lose players and profit in times like this and I doubt if players will continue to play on Crypto casinos with only Bitcoin as the only coin they accept.
The most popular altcoins, players choose are Tron, Doge XRP, and USDT you can see this on the majority of casinos.

The gambling sites was always friendly to the gamblers,because by that the gambler join to their site in the large number.The gamblers had lot of options to deposit to the gambling site,but if they get return in terms of bitcoin.This will help the gamblers to make some unique moves and help to earn more by just holding.Because bitcoin is the gold,any time it will give us more profit.It may be the reason for the OP had discussed about the potential for bitcoin to be used in the gambling site.Instead of holding at this specific time,the OP may use of the USDT,Doge and Tron for the gambling.This will affect the bitcoin holding gambler in the Binance exchange.

Holding the funds at the needed time will be the problem here,the gambler will gamble on daily basic.So the gamblers who want the money to deposit after the loss in the gambling site will leads to the huge pay of the fee.I had seen,their was small good news of reducing of 6$ from the 26$ transactions fee.And I had seen the transaction fee in the gambling site was still low,this mean holding the funds in gambling site after the win is better option.


As you said the gambling site was potential to handling this tough situation,even in the stake.com I had seen the transaction fee for the bitcoin withdrawal was just 0.00007 bitcoin,So it’s nearly 3 dollars for each transaction.More or less the gambling site had unique strengths to handle the tough transaction fee problem.But if we hold crypto in the gambling site,it will tempt us to do more gambling till we see bitcoin in crypto wallet.

The market won’t change just cause you don’t want to pay for fees. Work around it or perhaps even urge gambling sites to work on features that would allow you to save as much money as possible. I say in times like these, you draw the line between using bitcoin/crypto for investing and for gambling. Use other reputable fiat casinos for the meantime if you really don’t care for the high fees in the crypto industry right now. And keep your assets in crypto in one safe space. That way you won’t have to be charged for high fees, and you still got a foot in the gas to keep sure that you’re not leaving the bitcoin bull run train anytime soon.

Look for some reputable gambling sites which are charging dynamic fees.
And if they are charging static fees, check the amount and see where you can save some.
Or better yet, use cheaper alts to play and not use your btc for the mean time, if you are being too worried about it.
There are other alts that you won't feel getting ripped off. So it is actually your choice if you will stick to btc or other alts.

The same translation fee issue again raised in both binance and the trust wallet.Since this both was hold by the same owner this issue was survive in the current market.Even many signature campaign delaying the payment to their campaign members.It was very happy to see the timely payment of Stake.com in spite of not delay a single day for the payment.Because of the professionalism the stake.com was always in the top of the bucket list of many gamblers.

The better way to handle this situation is the gambler should keep their money in the gambling site itself.Some of gamblers not ready to hold in the gambling sites,because they will play and use that money.But the fact is the self control must be the biggest factor hold by the gamblers in the gambling site.So he should control himself to play in the gambling site on their own opinion.

This transaction fee will affect the gamblers who use the bitcoin to bet in the gambling site,other people can easily deposit the other coins to play the same in the gambling site.

Currently, excessive transaction fees have become a huge problem for a gambler or a user. If you have to pay $20 to $30 fee per transfer to withdraw money or deposit money or transfer money, it is not good for investors or gamblers like us. However, this will not be a major concern for gamblers as gamblers not only have to transfer BTC to gambling sites, but gamblers can transfer various stable coins to all gambling sites if they wish. It is foolish to gamble with Bitcoin already because Bitcoin is a coin full of potential and the value of Bitcoin is increasing day by day to catch up. High transaction fees have become a problem for those who regularly transfer bitcoins from one wallet to another.

Due to the increase in Bitcoin transaction fees, the exchange platforms are charging extra fees and they treated it as a opportunity, I can say that their business is now making maximum profit. This is not the case only with Bitcoin. Yesterday when I was doing a stable coin USDT transaction I saw that instead of 1 USDT they were charging 1.5 USDT for withdrawal for my sportsbook. I wonder where ordinary investors will go if this is how their trading profit begins. In the current situation, I suspect that there is no chance for these transaction fees to decrease, but they will continue to increase as Bitcoin's popularity increases. At the same time, the dominance of BRC tokens will prevent Bitcoin from normalizing.

I just want to ask, sir, how the lightning network is used. I have read about the lightning network, but I am confused as to how it works. I do not know where to start. For example, if I use electrum, what do I do?

Can you guide me on this matter if it's not too much trouble for you, sir, because the fee is very expensive now? To be honest, even though it's not gambling, it hurts my brain a bit if I just think about it.

This high transaction does not speak well of Bitcoin and if it continues like this, it is only people with a high value of the asset to move that will be patronising it. Imagine someone who wanted to transfer just $30 into his casino's account, the person will part ways with a fee of over $12 at times, how much will then remain? This is so annoying. But as the situation is now, I believe that people are getting smarter, they are taking their businesses away from Bitcoin, and they do not have any choice for an obvious reason. Thankfully, casinos have options of depositing, and some even have more than 20 options yet, so it is not a must that we continue to deposit through Bitcoin.

But for those who have their money already deposited in Bitcoin, it now depends on the policy of the casino on withdrawals. In my experience, there exist some casinos that will charge you $0 for Bitcoin transaction fees when you withdraw. I don't know if they can still cope with that now, but if they do. In this case, you do not have any problem, and it can be worse for the house if the transactions are many. But for those casinos that have fixed amounts charged for withdrawals, in my experience, they cover for the excess charges as well. But recently, I noticed they've started increasing the fixed amount charged for withdrawals, and still, they cover for the excesses since the Bitcoin transaction fee is way more than the fixed amount they charge.

Transaction fees that have soared due to the bull run have caused gamblers who use bitcoin to complain because they are having difficulty paying the transaction fees. Many gamblers don't use much money to gamble but must pay high transaction fees. It is a choice for gamblers to realize that maybe it is time to take a break from the world of gambling and look for other ways that are not related to gambling. We must survive this situation until transaction costs return to normal.

We don't know when transaction fees will return to normal. We can only be patient and maybe many of the gamblers will switch to using altcoins to gamble. That's the solution we have today if we want to keep gambling, and there are many altcoins that have low transaction fees, so we don't need to worry about them. Continuing to gamble is the gambler's choice, and no one forces us to continue gambling. As wise gamblers, we must understand the situation and conditions.

Well that usually the main case if they use bitcoin since we will be force to pay such huge fee if we continue to use it despite on its current condition. But maybe there are less gamblers using BTC now since for sure more are into altcoins since this is cheap alternative for them to continue their gambling activities. Maybe their bitcoin balances is for now intended for DCA or HODL purposes since bitcoin market is so far doing great.

Hopefully all is well with bitcoin and fees go more lower so that there will be no huge problem to occur if we want to transact bitcoin on any transactions they want to spend their bitcoins. But for sure gamblers can get used to it if this problem will continue to happen since we still have cheap alternatives available in the market.

In my opinion, the cost issue will still be a problem for bitcoin forever, because bitcoin should no longer be suitable for use as a means of payment because the very high transaction costs make it not good enough for micro payments or other payments, I prefer bitcoin as my investment asset which is not moving so I just keep it until it's expensive in the future, so I don't use it for gambling or paying for things with bitcoin.

I think anyone can still use other friendly crypto alternatives with cheaper transaction costs to gamble or pay for something on the internet, so in my opinion, bitcoin gamblers who are currently still active in using bitcoin, I consider them to be rich people because of the high value of bitcoin. the more expensive it is, they still use it to gamble and have fun instead of using it as an investment asset for the future.

Many gambling sites accepts deposits in many cryptocurrencies not only Bitcoin. To avoid paying high withdraw fees, deposit into gambling platforms using low fees cryptocurrency such as TRX or LTC.

It is not wise to pay transaction fee that is even as high as what you plan to win. This is not sustainable and should be avoided.
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I think you are getting the whole all wrong buddy,  transaction fees on the bitcoin network aren't high because we are in a bull season, or that the market seems to appear bullish in this few past weeks, we are actually experiencing a clog in the bitcoin network mempool, which is as a result of all the ordinal projects being built and ran on the bitcoin blockchain, and as hard as this may be to some of us to believe, if the ordinals continue to exist and gain attention from more and more investors, bitcoin transactions fees may likely continue to rise and rise, and we shouldnt blame binance or claim they are overcharging, they are charging based on how much they think they need to pay as fees for their users to get their bitcoin transactions confirmed in a matter of minutes, I believe they would say that, any user who is not comfortable paying the high fees should either leave the bitcoin in the exchange, or sell it for another coin with lesser fees and withdraw.

I will continue to say that, it's time for us to switch to the L2 solution of the bitcoin network which is the lightning network, it is not actually my prayer, not if ordinals do not die off, we may never see bitcoin transactions fees as cheap as they used to be before again.

Just a question, what are some of the factors that determine the price of transaction fees? Do transaction fees increase when the market is bull/bear? I am quite curious on how this would affect cryptocurrency gambling due to the fact that your fees are as high as your winnings (well at least in my case).

Since transaction fees are quite high, it is really recommended for a gambler to switch to another cryptocurrency to take advantage of a lower fee compared to BTC. Since they still exercise the "spirit" of gambling in crypto, this will still satisfy their cravings in the event that they opt to choose to gamble in an online platform.

I agree, I had accepted the reality that doing small transaction using btc is not efficient or practical if you have other options like altcoins. I'm using altcoins for my gambling activities since it's a lot faster and cheaper, though it is still good if there's still a deposit option for bitcoin because I'm sure there are high rollers that are using bitcoin for there gambling activities.

At the end of the day, it will be our decision if how we will use our precious bitcoins. The different views and opinion about the current status of bitcoin will give us ideas if how we will use it.

the problem of high bitcoin fees is not too much of a problem for online casinos considering that they have quite a lot of money in their vaults and which they can use to compensate a little to reduce the fees that will be charged to gamblers when making withdrawals. but the problem is that for gamblers who want to make deposits, it is best for them to use altcoins which have smaller fees.

and this is my reason why i prefer using litecoin compared to bitcoin when gambling, because the fees for using litecoin are much less than with bitcoin and the waiting time is much shorter.

I had also adopted this method of keeping or hodling my fund in my gambling site I believe this is the cheapest means to save high transaction fee cost due to congestion of the network alternative some gambling sites has an inbuilt conversation method where bitcoin can be converted to USDT or alternative altcoin thereafter the owner can transact it to any exchange, though it's not advisable to keep huge amount of any asset in a gambling site or exchange, however the amount used for betting isn't that much and profit earned is usually withdrawn when it has been accumulated enough because the withdrawal fee is fixed in most gambling sites irrespective of the amount withdrawn.

The best thing to do is don't make withdrawals every day or deposit in order to save transaction fees.
Choosing altcoins as an alternative is way better, I did it most of the time when Mempool was busy. There is always a solution to all problems which is why we should not limit our crypto knowledge.

XRP and TRX also have cheap transaction fees. As long as it is available, we can use it as a gateway.

The current situation is quite disappointing but we still have to move. It will be over soon but now, we should look for a way to cut our transaction fees.

We are facing a peak of congestion in Bitcoin network which pushes transactions' costs upside. It's nothing unsual or to worry about, since such scenarios have always happened during bullish key moments of crypto market. If you aren't confortable paying expensive fees you can wait few days until prices get more affordable once again or you can swap your BTC to an altcoin with cheaper fees on withdrawal.

https://www.talkimg.com/images/2023/12/22/Im2ff.png
Bitcoin Average Transaction Fee (I:BATF) (https://ycharts.com/indicators/bitcoin_average_transaction_fee)

However, busy blockchain network may not be the sole reason why you are facing huge fees. I just looked fees at a Bitcoin website I use right now and their fees are around 0.00022991BTC for withdrawal (about 10$). If you are paying 26$, the exchange must be biting a large percentage for themselves, and not to pay the miners... My personal experience with crypto exchanges has always been that they charge a higher fee for the transaction compared to what would be really necessary to execute the transaction. Since they are centralized services, they can charge the amount of money they wish.

Have you checked another exchanges platforms if their transactions' costs are similar to Binance?

The bad thing is we're not yet in bullish season, Bitcoin price haven't even reach the previous ATH, so you can imagine how expensive is the transaction fees if Bitcoin can break to $100K mark.

There's always an exchange that charge higher or lower than Binance, I believe there's a small exchange can offer cheap withdrawal fee, but it's worth to risk most of your coins only to save for ten or twenty bucks? I don't think so.

With this market congestion of the bitcoin transaction, those platforms have their exchange inside their platform is the most suitable with this kind of feature of alternatives because players can make an exchange and easily cashout with the lesser fees at the same time if they want to play the coins they exchange to the casino still possible, rarely seen have this kind of feature, but if they will implement this in every casino could be a high impact like this current transaction fees.

Additionally, There’s also a casino that still offer free withdrawals like Sportsbet and its sister company. It’s more convenient to use them now instead of casino with exchange feature because you will still pay conversions fee and withdrawal fee in the end.

Also casino like Duelbits can be a good a addition on the casino that is good during congestion since it automatically convert your deposit currency to the casino default coins then let you choose on what currency you will withdraw later on which is almost equivalent on having built in exchange feature.

Most times it looks unsafe keeping funds in your gambling account and I think that accounts for the reason most persons wouldn't want to keep money in their gambling account and would prefer to fund whenever they want to gamble, for the fear of loosing the funds to hackers who could possibly gain access to their accounts without permission.

The current transactions fee which is relatively high as accounted for by the congestion is mostly peculiar to crypto gambling sites but for sites that uses Fiat I doubt if they are suffering same fate but nevertheless if you use crypto gambling sites, this period it's fine to probably leave some money in your gambling wallet to avoid all these charges but then you have to be mindful and make sure no other person have access to your account so as to avoid loss of funds without your prior permission

Are you referring to withdrawal fees from some centralized platform or transaction fees on the Bitcoin network in general?

Withdrawal fees - those are set by whichever platform or company you're taking your money out of.  Could be a flat rate, could be a percentage.  Up to them.  Bitcoin transaction fees though, those work differently.  Bicoin users actually decide those by trying to outbid each other to get transactions on the next block.  Market doesn't really affect the fees much directly - they can spike if the network gets congested or if there's a rush to move BTC for some reason.  I thought most folks already knew this stuff inside out.


For lots of folks who are into Bitcoin, using altcoins instead ain't really something they wanna mess with.  I'd bet most people holding Bitcoin long-term have zero interest in converting their BTC to some other random coin just to take money off a platform and  so, that could actually be good for gambling sites in a way.  If its a pain to withdraw funds, seems like more people will just leave their money on the platforms.

This revolutionary solution can lead to the fact that you and your friends will have nothing to withdraw from the exchange or gambling site. :) Gambling sites may fail, and exchanges may close or go bankrupt (remember FTX?). Everything is going towards the fact that the cryptoindustry is moving in the direction of a bullish trend and it may turn out that a bearish trend will have to wait a long time. And as the price increases, the commission (transactions fee) will also increase.

And I forgot that this problem (high transactions fee) will affect gamblers very painfully. :)

This was unacceptable one in the current crypto world,because we are in the festival season.Every one need of money for the festival expenses,but this will be negative for the campaign participants too.The safest people here was the people who getting the weekly payment in the gambling site like stake,but if you are gambler.It’s hard to withdraw the funds without playing.Because the gamblers had the habit of playing after seeing the dollars in the gambling site.The reasonwas the gamblers try to multiple the money and withdraw from the gambling site.Now the gamblers also had hard to deposit bitcoins to gambling site from other wallet.

That's the important thing that people are forgetting. They think they'll hold their money in exchange or a casino because they don't want to pay $50 in fees, but when ETF gets approved and we go into a FOMO rally, your fees aren't going to drop. If anything, they're going to come up. Even if they ban ordinals, but we enter into a bull run, you can expect fees to drop by 10%, but they will still be high due to increasing demand.

If you don't want to pay a lot, either use LN, or convert bitcoin to another coin if you have the ability to do it cheap, but if you do that you'll probably miss the bull run. Either way the problem is not going to fix itself.

Yes transaction is destined to go high since the fiat value of Bitcoin is increasing while the fee is always in Bitcoin value. The only problem is the abnormal rate of fee increase right now due to the ordinals spam which will be much lesser fee now even with bullish trend if there’s no spam in the blockchain network.

Remember that there’s a lot of blockchain alternative alternatives already which means the volume of transactions is already distributed on different networks compared before when only few blockchain available which most people use the Bitcoin network to send transactions.

Well, I agree wit you, but then it's important to know that not very casino will want to spend extra of their money when processing customers withdrawal requests, possibly because, the extra amount they are going to include could be seen as their own loss, this can be possible mostly with smaller casinos that are still struggling to start making enough profit for themselves.

But for the bigger casinos, what you said it correct, atleast I know this for the fact that I was withdrawing from stake some time last week, and stake charged my around $4 worth of bitcoin as my withdrawal fees which I paid, but when I checked the transaction details on the blockchain Explorer, I discovered that stake actually spent $23 or there about for the transaction fee, which made the transaction to get confirmation in less than 5 minutes.

What I did advice every one who find the ways really difficult to pay is for them to avoid bitcoin transactions at the moment, possibly and hopefully, as time goes on, the fees may return back to being fairer than it currently is.

I think the bull season has already began. ATH doesn't happen overnight. It's a long lasting process which may take several months until its peak. The bull season isn't composed only by ATH, just like the bearish season isn't composed only by the dip.

Costs of transactions once BTC hit a new ATH may not be so expensive like now if there will be more miners and powerful machines involved on the process of running transactions. The problem is the congestion we are facing. There is a high demand of transactions on the network and not enough miners on the other way to resolve those transactions.

As the demands increases profitability of the business, it's likely soon enough there will be more miners venturing themselves on Bitcoin blockchain network*.

*Miners don't solely mine new BTC coins, they also keep the ecosystem running smoothly by solving transactions' codes in real time.

Yes, you are right. It's not worthful to use unknown services just for lower fees reasons. At same time, you can always keep your coins inside your personal wallet, so you will decide how much to pay for your transaction, accordingly to the currently market's prices, instead of being forced to pay an exorbitant fee by an exchange.

In my opinion, this is quite normal, because transaction fees are determined by how many transaction processes are carried out on the blockchain, and if you don't want to incur large transaction fees, I suggest looking for a site that accepts other cryptocurrencies, you will see the comparison directly.

This transaction fee issue is really affecting everyone in everywhere. And the way I am seeing it from here, exchanges are charging more than even the non custodial wallet transaction. Today I was thinking of the gambling sites how they are managing with this high fee era. Or is it the gambler who won the game would pay for the transaction fee or the site and definitely the is the person who is withdrawing. And that will affect them badly.

As a gambler there is no way you can keep or hodle your funds in the gambling site until the transaction fee would come back to normalcy. It will not be easy for that, and gambling can use it to play game until everything would be exhausted.

Stop sending funds from your binance account to any casino sites directly if you care your binance account. Sooner or later that account will be disabled once detected. Also, it's commonly known that sending BTC from binance is not recommended due to its high withdrawal fee, unless you don't have a choice.

I think exchanges are always like that. Even before, their charges are already high, so I am not shock with it anymore. Good thing I rarely make a transaction, so I'm not totally bothered with it. In what chain/network did you use by the way when you make a USDT withdrawal? If it's on ETH, it's also not surprising but others might still be doing fine. With the implementation of BRC tokens, it may help BTC even became more popular.

It's a good and bad thing at the same time I guess? We already know why. But we shouldn't feel bad on the other side because there might still be a solution to these problems we are facing now. We only need patience.

So far what I know is that transaction fees are not determined from Binance but from a network that is very full so transaction fees rise because they are busy, logically I also never send funds from Binance to a gambling account because I'm afraid it will be a problem even though maybe many do, but I prefer to send money from my crypto wallet to my casino usually using altcoins with cheaper transaction fees.

There are several alternatives that can be used for transactions, you don't have to look for expensive ones, after all, there are lots of crypto payments in casinos, not just bitcoin or ethereum, which are currently still quite expensive in terms of transaction fees, except Litecoin with cheaper fees or other altcoins. So don't make things complicated because there are definitely other options to use other cryptos.

In the agreement, it is their responsibility to take charge of the transaction fee. But currently, some gambling platforms will split the fee with you. This means whenever you want to make a withdrawal they will take some percentage from the money you are withdrawing and add it with their own to cover for the transaction fees. However, only a few persons currently are withdrawing and depositing using BTC. Since we know that the transaction fees are high then we should avoid depositing or withdrawing with BTC. There are other methods for making payment, we should start to use them now. I think that is the best solution.

Binance offers more chains, so you just need a casino that has more chains as well, and in my knowledge BC.Games have a wide choice of available chains. So there are ways to avoid high fees... I don't use Binance anymore (since they introduced mandatory KYC), so I don't know their rules now, but I had many transfers between Binance-Casinos and vice versa and I never had any problems with that. That was back then, as I said maybe they have some more strict rules about that now.

High transaction fees are nothing new, happened before and will happen in the future... that's why I like some alts and I like to use them, low fees and fast transactions are what we actually love in crypto!

This increase occurs every time there is a bull run, I think it is natural because the dollar valuation follows the market.
But if the bitcoin unit does not change. This mechanism has been formed automatically.
However, unfortunately there are some exchangers who deliberately mark up transaction fees.
They take advantage of the momentum when there is a bull run to increase transaction costs which are sometimes crazy.

In my opinion, the most appropriate solution is to use another cheaper network or convert into another form of altcoin so that we can reduce transaction costs.
I prefer to hold my money on gambling sites until sufficient total funds have been collected, then I will move it to the exchanger. I don't really care about transaction fees when I have more than enough money to withdraw.

No, AFAIK it's fixed. I remember the very first fees they charge is 0.0003 BTC but that was few years ago already, until it become 0.0005 BTC, and now it increases again.

Too much trouble. You'd literally not only be wasting time but also be wasting the profits you would've accumulated by letting your money sit inside the exchange till the transaction's a little less hefty. Not to mention the dangers that CEXs have posed in the past security-wise to its users. You could fall victim to a targeted scam/hack attack against the CEX itself and if you're not working with a reputable exchange like Binance you're fucked royally cause they'd probably won't pay you back the money that was stolen.

I suggest dealing with in-house currencies instead. Most gambling sites with crypto features have such anyway, and deposit just enough money to jumpstart your bankroll and nothing else. That way you can easily withdraw your money out since casinos have that feature anyway, and then at the same time use that same capability to secure your assets without being charged hefty transaction fees cause you're using an in-house crypto anyway.

Depends on a certain site, in stake they do have that fixed fee but it do changed up overtime basing up on the current price of Bitcoin but in most cases neither  the network does have that
clear or having that traffic the fee would really be just the same. Basing into my own experience on which there are sites which does have that kind of dynamic kind of fees when it comes to withdrawal on which they would really be basing up with the current market condition and wont really be paying up came from their own pockets because we know that once that the network
would be congested then expect for those high fees and if ever that they would be having that free fee withdrawal then that would really still cost some expense on their side
so it would be just normal to have that dynamic.

The transaction fee for the bitcoin was become the huge amount because of the current demand of the bitcoin is high.This allow the trader to buy the bitcoin at any price or with any transaction fee.Because bitcoin will give you more profit,even if you buy at the high transaction fee.The gamblers should use the other coin like litecoin,Binance Smart Chain for the gambling to get the coin to the gambling site with less transaction fee.The OP should change his mind of using the bitcoin alone in the gambling site,he should learn to use of the other coins in the gambling site and easy to withdraw with less transaction fee at the end.

This is not true. Bitcoin fee is not high as recent surcharge even before during the ATH unlike now and it’s because to the Ordinals inscription. People paying huge fee just to create an BRC20 NFT like tokens by inscription on a satoshi. This spam the network with high fee and not the demand for buying Bitcoin since Bitcoin trading usually done internally on exchange not on-chain.

I believed most of the gambler is already altcoin even before the transaction fee spike since casino offers multiple currencies. Mixer business is the industry that affected most by this high fee and not casino that has multiple currencies option.

Gambling sites are not in trouble because they are ready to accept bitcoin deposits, but the burden is on users because they have to spend more transaction fees, let alone withdraw them from the exchange, it is clear that it will be higher than the fees in the mempool, so if there is bitcoin there it is better to hold back and choose other options such as altcoins that provide cheaper transactions, now even many gamblers on alternative coins than bitcoin.

I think the transaction congestion caused by the booming ordinal could be due to the ongoing hype until now, not only that the ordinal is now in several altcoins following the existing trend, so it will be very difficult to wait for transaction fees to return to normal.
We don't know the exact time that bitcoin transactions will normalize and be around $1.

Actually, if there is something I have noticed from Stake, is the fact they have decided to give priority to their gamblers and users overall, and do not increase much the withdrawal fees for all of us, though, they still want people to be able to withdraw as fast a possible though. It is quite admirable how Stake as a business is going through some sacrifices so their gamblers wont suffer from the high fees.  :P

On the other hand, I am aware exchanges are a very different story and case, I have seen exchanges where it has become impossible to withdraw small amounts because the fees themselves are higher than what would wish to withdraw, which is obviously ridiculous.
If anyone here wanted my opinion or advise on what to do in this situations, I would say it is constructive to use alternative coins to withdraw from exchanges to our personal wallets, instead using Bitcoin or Ethereum. Monero and Litecoin are very effective to save money in those situations. Hopefully all this situation with fess will be temporary and we won't continue to talk about this very into the incoming year 2024.

Yes, but most exchange has fixed withdrawal fee which is the one OP is talking. Good thing in gambling sites, most of them have dynamic fees that system and auto adjust depends on network status, the instant withdrawal that ask for higher fee and by batch but could be sent later. Never had a problem of withdrawals in gambling since then.

The only fee that you will pay on a gambling site is the withdrawal fee, and this vary on every site.
If you are having a hard time dealing with the fees, then why not us the other option to gamble like USDT, LTC and DOGE as their fees remains cheap despite of the increase on their traffic. Bitcoin fees and ETH fees remains the problem to many, I’m wondering if we can still solve this kind of issue.

that is the immediate resolution on this matter. use alts with cheaper fees, there are so many options now as casinos and bookies are adding other payment methods to cover all level of their players. as btc tx fee is indeed expensive these days, it is not practical to use this top coin if you are just a small time roller.

on this regard, you can check the casino about their min deposit/withdrawal as well as their corresponding fees. some are offering dynamic fees (which you can opt for slow to fast transaction) or static fees.

this is only a matter of preference, if you do want to continue to play btc, then you need to accept the fact that it is currently having high tx fees. otherwise, look for other alts to suffice your requirements.

I prefer to store on altcoins or stable coins on cex such as binance, it is better to deduct $0.3-0.5 for each internal transaction between fellow cex users and my friends, because it is very effective to only bear the shipping costs, it can still be pressed again, for example by using trx, ltc, shibba inu and also doge, it is quite cheap for me.

Bitcoin for me is better saved for the future because of its good potential and performance, even though both need money and I choose other media, of course I only separate daily needs with long-term investment goals. Lightning is among the solutions for alternative bitcoin transactions, however, if it is agreed and accustomed to bitcoin it is still an option with patience. I'm just used to depositing a web in the cheapest, easiest way even though the end result is that my cryptocurency runs out :D

The high transactions fee is really a big barrier because if someone wins a bet and withdraw his money then before you will convert it in exchanges will require some transactions fee which before your funds can be withdrawable, you must have lost some part of the money to exchanges but i think that in regards to withdrawing money won from betting companies/sites, they are to be responsible for the fees to be paid for withdrawing from their site to ones account or address. Definitely, no gambler can leave their funds in their gambling wallet except they still have intention of using all the money to place more bets.

The transaction fees of Bitcoin and the Ethereum network (ERC20) are quite high and unfriendly for traders and gamblers with little money.
I myself currently prefer gambling sites/casinos that accept some Altcoins that have cheap transaction fees like Stellar, XRP and Doge, so transaction costs are no longer a problem.

So, we as gamblers really have to be able to find solution to be able to still have fun in gambling but at the lowest cost, with the current increase in costs, especially for BTC, it is very burdensome for some gamblers, especially small gamblers.
There are various tokens with networks that suit what we want, which can be an alternative for every transaction carried out, even though the speed may be little slower, at least we can carry out every transaction with costs that are not burdensome.

BTC experienced significant increase in market price and traffic also increased quite quickly as well as an increase in the number of BTC miners, this seems to be one of the factors causing the increase in costs when we use BTC as value to be used on gambling sites.
If we really don't mind this amount then we are free to use BTC because BTC has quite fast transactions depending on what network we use.

I personally use this kind of momentum to be able to save more money or manage finances, with increasing costs we will definitely think about limiting all gambling activities that were previously done more frequently.
With the increase in costs, I only gamble once week, even once every two weeks, this is much more efficient in limiting myself from excessive gambling activities.

Switching to altcoins is a solution for small gamblers like you and me because it can save on transaction costs. We also don't have to pay huge transaction fees until everything returns normal. But there are times when I prefer to completely abandon gambling for a while until transaction costs return to normal again. That will give me time to take a break from gambling for quite a long time so that when I return to gambling, I can relax more and enjoy gambling.

If we talk about altcoins, we have many altcoins that have low transaction fees. The altcoins you mentioned are coins that are included in coins that have low transaction fees. I often use stable coins that use the BNB or TRX network because they also have low transaction fees. So it seems that many gamblers have now switched to using altcoins to continue their gambling games.

What's insane is the fees they deem reasonable to use when sending withdrawal funds to customers. I've had so many people ask me for help because of this.

Here's an example where someone's withdraw transaction was sent by Stake with less than 2 sat/byte fees. Bull market or not...that's going to take a long time to confirm.

https://www.blockchain.com/explorer/transactions/btc/fc63ac843670417091555bf515d1953fb9f56a1ebfb98709b624f736e91c7fab

And what evidence do you have to prove that this transaction came from stake? I mean, I am in stake signature campaign, I've been in it for over a year now, stake pays bitcoin to their signature campaign participants into their stake account, and from there, those of us who wants to withdraw will, and those who wants to gamble with their bitcoin do as well.

For the most of the times, I always withdraw my bitcoin to either my private wallet or exchange, bitcoin I withdraw from stake have never stayed on the blockchain for more than 30 minutes without a confirmation, if you doubt, I wil show you my wallet address and you can scan through it for confirmation of what I said.

How can you claim that stake sent a user's withdrawal with such a ridiculous low fee? This I can't believe without a proof bud.

The participants of the stake can get the money from the stake as the payment in the form of bitcoin,So the OP can play the game on bitcoin.If he get the chance to play the game in bitcoin by joining the signature campaign of the stake.We are getting bitcoin from the stake,we play the game using the same income from the signature campaign.But also we do the withdrawal of the funds from the gambling site to our exchange.So the transaction fee of the stake was 7x times lesser then the other exchange transaction of same bitcoin.So if the stake participants want to play can hold in stake website itself.The signature participants have the different option from the earning.

The other day I wanted to move 40$ worth of BTC from my trust wallet to Binance, the charge they gave me was 10$ this made me to change my mind, how will I do such, this I keep those funds there to be wasting them just like that, high transaction fees is becoming a problem for bitcoiners, I think is time soon people will start looking for alternatives as you said, IMO there should be modification on this transaction fee of a thing, is there no way they can expand this mempool congestion to accommodate more transaction and enable them to be processed at the same time.

Perhaps a misunderstanding on my part? When you withdraw from Stake - who selects the transfer fee, the user or Stake? I don't use it so perhaps the error was on the user's part and not Stakes?

In my case what is regrettable is that the same amount of BTC that I transferred for gambling now seems to be almost double. That is, if I have deposited 70 dollars for gambling, now that 70 dollars has increased and shows 140 dollars from my wallet, that is, if I did not use 70 dollars for gambling at that time, then now that 70 dollars in my wallet would have increased and show 140 dollars. Gambling with Bitcoin and profiting from gambling, I think it's a loss because the value of Bitcoin has increased so much since then and continues to increase. So I have now decided to gamble with dollars rather than gambling with Bitcoin so that I have the potential to profit from Bitcoin as the price of Bitcoin rises.

The bitcoin had the potential to give more dollars this year,So better to hold your bitcoin rather using in the gambling site.Because why it was essentially to use the same bitcoin to gamble when it had potential to double itself by it’s dominance in the cryptocurrency market.If you consider the fee of the bitcoin also huge difference,because the transaction fee of the Usdt is 3$ worth of tron.But the transaction fee for the bitcoin was reduced to 10$ now.And the playing of the gambling is the risky one,the gambler had no use for the bitcoin to use in gambling.My opinion is hold the bitcoin for the market reaction and it’s better to use the Usdt for gambling.So you save 7$ from the fee and the winning also withdraw with less transaction fee.

there is a transfer fee set by stake, like before it was 7k sats per btc withdrawal. but recently, because of high btc fees, they are now charging 9583 sats per transaction. but the actual fee they will pay varies, and because of the congested network they paid as high as 35k sats based from my experience. but they will only deduct their fixed fee of 9583 sats from your balance.
 
so yeah, i also don't believe that they will use 2 sat/byte in their transaction. they are one of the few casinos that you won't have any prob when it comes to duration of confirmation as they are paying high fees just to go thru your tx in a short period of time. never encountered this prob in stake. i won't believe as well that such tx was coming from stake.

but if you happen to play on a casino offering dynamic fees, you can select the option from slow to fast where the tx fee varies. but for stake, they have fixed fee when it comes to btc.

You should bare in mind that fees could neither be fixed or something that you could really be able to adjust. There are platforms which does have that dynamic fees on which it would really be that automatically making out adjustments basing up on the mempool condition.Whereas there are sites which does have that static ones on which do sucks specially on the time that the network condition is low and have cheap prices and this is particular do mention about Stake.com on which they do have that static fee specially on Bitcoin withdrawals on which it is really just that too much but if those things were fixed
on the time that fee is soaring up high then it would really be that something that a huge less.  :D

This is why on the time that you do gamble then it would be normal that you would really be making out adjustments basing up on the network condition.
Stick into the coins that you are getting used to which i do believe that it would be Bitcoin but since there are moments which fees are on the rooftop then it
would be normal on having those adjustments.

During all the pump market,the exchange try to get more bitcoin from us,this was the periodic action of the Binance.Even though the head of the binance exchange was changed in the recent day,the reaction remains the same from the last two all time high in the bitcoin price.Many of us come across the various transactions fee in our old transactions,but now the transaction fee of 10-20$ for each transaction was the unexpected one in the current situation.Because if the trader sending 1-2k,the transaction fee of 20$ is not seems high.But just remember the person who spend the transaction fee of 10-20$ for the withdrawal of 60-100$ dollars.

Based on the other gambling sites I have used so far, it is the user that want to withdraw fund that would choose the network fee to be used which would depend on the speed of the network and how fast they want to receive their funds. I think some gamblers would prefer to use other coins with a faster network than to use Bitcoin network that requires a bigger fee for it to processed. I have seen transactions with smaller fee taking longer time like 3 to 10 days to be processed. This is the problem we all facing and paying a big threat to the entire Bitcoin adoption and Blockchain.

I guess with all of the complains about how high the transaction fees are will be stopped soon. We're having a calm network now and the fees aren't that much anymore.

Go and check mempool.space and this is the reference of everyone on where we've been checking it all day long and not just the price these days we check but also the fees.

I think most casinos that have bumped up their withdrawal or transaction fees will also have to adjust it again into a lower mode this time.

The bitcoin transaction fee was seen to drop a little bit back to normal today, so I presume those who only like to gamble make their deposit only with bitcoin as a result of them having only bitcoin as part of the cryptocurrency they hold and being willing to spend I believe you guys noticed the drop in fee today, and this could make it a lot easier for you to deposit and withdraw without having to worry about the high fee anymore. There's no alternative option to explore.
 
I have read about a few gamblers who complain of reducing their gambling activities because of the high bitcoin network fee, which baffles me. Why, if you truly want to spend some little cash on gambling, can't the person get an alternative instead of using the congested network as an excuse?

Some gambling platforms might have the ability for you to swap to a more viable alternative, like Ethereum or Litecoin. Both of these currently have very reasonable fees, especially Litecoin, where the fee is still fractions of cents.

If the ability to swap is not there and you aren't itching to move elsewhere, the best thing you can do to save yourself from burning money is to wait for fees to come back down. Otherwise, the only options is to accept the withdrawal fee and be on your way...do note however, that if you are moving to a wallet, you will have to pay the fee yet again to be able to move it elsewhere. So the most ideal solution if you need to transact often is to get it into another cryptocurrency.

Even if a person doesn't have any intentions of holding their Bitcoins for the upcoming bull run, it's still not a wise decision to pay more than $10 in fees for a $50 transaction because most gamblers are average bettors and they don't always make very large transactions, and if you are making small Bitcoin transactions in these network conditions, you are spending more money on fees in a week than you used to spend in months before. So it's undoubtedly better to use alternatives for gambling at this time.

In my opinion, gambling with USDT or other stablecoins is also better for more clear and straightforward calculations. This means that you won't need to keep converting your available balance into USDT first using a search engine or another source just to know how much money you have and how much you've won or lost so far.

The current bull run help us yo manage the transaction fee,because the current transaction fee for the bitcoin was reduced.This also impacts the transaction fee for the many cryptocurrencies.The market become the stable now and it was the reason for the gamblers to use the bitcoin with the less transactions fee.Some of the gambling site like stake still bare the transaction fee and allow the gamblers to withdraw the funds with less paying transaction fee to the website.The common fact is the less transactions fees also affect the margin gamblers who use the less amount of dollars to their game.The withdrawal of the dollars also need to paid by the gamblers.If the transaction amount is 10$,how the gamblers afford to pay the value of 2-3$ as their transaction fee.

The reason was they are friendly to their users,even a transaction fee in the Stake was very low compared to many of the exchanges.One of my friend use to get their weekly payments to the Stake wallet and then withdraw to the exchange which allow him to convert to fiat.Most of the gambling site will available for the gamblers to withdraw with less transaction fee now.But the deposit fee for the bitcoin from the exchange is still high like 7-8$ per transaction.Many gambling sites doesn’t provide the swap of coins,but the exchange had provide the same.

The gambler should learn to hold the coin in the exchange which he get from the income or which he used to save for the future.Many people use to hold the money in the exchange my opinion is better to save in the gambling site which you had feel safe to hold the money.Because the transaction fee ftom the gambling site is nearly 3 times lesser than exchange transaction fee.

If transactions are stuck, it will be difficult to use bitcoin, especially when there is a moment when the price of bitcoin rises drastically, of course transactions will be very full and fill the network, it seems difficult to transport all transactions quickly into a block until it is finally confirmed who is using higher transaction fees. large will be more easily confirmed than those who use lower costs, which is clearly difficult. The only way is to look for other alternatives

That's what I'm doing now looking for a casino site that uses stablecoins such as USDT or USDC using the BNB BSC or Polygon network which has relatively cheap transaction fees so I don't have to wait too long for my transaction to be confirmed by the bitcoin network, if I'm not mistaken it was several months ago I never use bitcoin for gambling anymore, because I prefer to use stablecoin for now, because I don't really like wasting money on large transaction fees rather than using money for transaction fees, say around $20, I'd rather use it for gambling.  ;D

The transaction fee of the bitcoin was raised most of the time due to the traffic in the transaction because of the demand of the bitcoin in the market.The bull run causes the demand of the bitcoin in the market,most of the experienced people use to sell the bitcoin at the bull run.Till that they will hold the bitcoin for the future,my concern is just hold the bitcoin at the gambling site.Because you can use the bitcoin for the gambling when you feel good luck in the real life to mage the transaction fee for the deposit to gambling site for many times.


The most of the casino site uses the stable coin for the mode of the transaction,So it help you to make use of the holding crypto currency for the gambling game,we no need to buy the senate coin for the transaction of the gambling site.The transaction fee for the USDT with the Binance smart chain network was low compared to bitcoin.

It's not a must to transaction using Bitcoin, it will be stupid if a online casino today only accept Bitcoin for gambling purposes.

There is nothing anyone can do about high transaction fee of Bitcoin, there will be time when it will be fair, like presently, and there will be times where it won't.

You can opt for Tron USDT or other, LTC and Doge coin are cheap alternatives too, and I believe that many online casinos are now accepting many digital currencies, I still prefer Tron more than anything else, it's the number one on my list for gambling reasons.

Bitcoin transaction fees go up and down depending on transaction traffic, so centralized platforms set a high amount of fees so that they don't lose even if the fees are high. Because of this you have to accept the high withdrawal fees of Bitcoin  But if you want to do small amount of dollar transactions then it is better to avoid your bitcoins. And as an alternative you can gamble using TRX, BNB, their withdrawal fees are very low and withdrawal and deposit are also very fast.

There are deposit fees on casinos now? Kind of makes sense since all deposits need to be moved after being deposited to your account so I suppose you're paying that fee. Though wow, deposit fees...first I've heard of it.


Holding in an exchange is dangerous. You are subject to any difficulties that the business has, your account is always vulnerable to macro breaches/hacks or isolated attacks on you, and there is generally no way to maintain privacy (if that matters to you).

A gambler, or anyone else for that matter, should be using self-custodual wallets for storage. That is the best way to store Bitcoin and also get closest to the lowest fee rate for future transactions.

So far with my own awareness, i didnt see those platforms who do offer free fee or transaction on which most of them would really be requiring such fee. They cant just give out for free specially that there are moments on which network fees are on the rooftop on which it would really be causing up that huge expense on their part if they would really be planning on having those free things.
Usually on the sites that i've been dealing with is that they do have those dynamic fees on which it would really be deducted into your withdrawal amount as usual which it would really be basing up on the network
condition on which this is something that would be that on standard.On side note, i have seen some platforms too on which they do really have that static or fixed fee which do really sucks
specially if Bitcoin or those altcoin amounts is already up high in price which it would go along side with your fees as well.

And it has become an option for many gamblers when transaction fees on the Bitcoin network rise. Yes, I also felt the increase in transaction fees and moved to use a stablecoin that uses the Binance network. That saves transaction costs, so we can send the money to the casino site we want.

When the transaction costs of bitcoin can decrease drastically, gamblers can choose to continue using stablecoins or bitcoin. Of course, gamblers will choose which coins make them comfortable when gambling. We prefer to move to other coins when bitcoin transaction costs rise high. But it's better when bitcoin transaction costs rise high, we can take a break from gambling first to avoid losing money and also the problem of gambling addiction.

Accepting Bitcoin for gambling transfer, ofcourse its good. Bitcoin is one of the fastest growing projects in cryptocurrency, we know how this particular project this season operates, I'm nit hoing to be making good emphasis. I've bagged most significant dice. Always stick to doing what you feel is important and encouraging for one's self. Don't be in a rush to understand most of your targets because the best is results are yet to come. Using bitcoin as a means of payment doesn't prove anytime to the public, because everything players smoothly.

It's understandable yet frustrating for gamblers who want to withdraw their funds. I think it's better to hold onto funds until the transaction fees become more reasonable. But still, it's up to someone's decision, yet it's important to ensure that your funds are secure. May depend on the market conditions and network congestion. Should always stay informed and make decisions.

Looking at the mempool though, it somewhat goes down, it's not on the 20 sat/vB for highest transaction, at least not that 200 - 400 sat/vB that we have seen in the last couple of months. Just look at the mempool and you will be informed as it is a good site to really check the current transaction fees. Although we have a lot of options that is much cheaper with most altcoins. But still though, BTC is the first used case of gambling and so for us who are used to it, then it's better to stick with what we known for. And I think online crypto base platform as well knows the dilemma and they could have adjust the fees themselves depending on the current state of the network.