Fees!!!

[shintosai]

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

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

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

[piloder]

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

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

[olubams]

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

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

[dunfida]

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

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

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

[lionheart78]

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

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

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

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

[Xavofat]

Fees are still not significant, really.

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

You could always use an altcoin as well.

[bluefirecorp]

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

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

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

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

[Betwrong]

Fees are still not significant, really.

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

You could always use an altcoin as well.

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

[Rockie1234]

Fees are still not significant, really.

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

You could always use an altcoin as well.

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

[virasog]

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

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

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

[channingwilmer]

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

[freedomno1]

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

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

[shanem]

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

[USSENT]

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

[piloder]

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

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

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

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

[Lucky7btc]

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

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

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

[gabmen]

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

[eternalgloom]

Fees are still not significant, really.

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

You could always use an altcoin as well.

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

[maydna]

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

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

[roadbits]

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

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

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