Fees!!!

[Zicadis]

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

let us not forget that most of these casinos and sportsbooks dont put these fees on us and they have taken the resposibility to take it up as there own, besides the are profit based businesses so i guess they have to minimize on loss by setting acceptable fees which in most instances are not that slow to confirm.

[LuanX3]

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

let us not forget that most of these casinos and sportsbooks dont put these fees on us and they have taken the resposibility to take it up as there own, besides the are profit based businesses so i guess they have to minimize on loss by setting acceptable fees which in most instances are not that slow to confirm.

Well, I guess they really have to shoulder these fees as we don't really have control over how much inputs and outputs they are going to do in every transaction they get. Nowadays and usually, these services charge fees for withdrawals so in effect users pay a portion of the fees. And they also combine transactions which means sometimes they get more money from fees their users pay them.

[wuvdoll]

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.

I believe most of the gambling sites need to re-evaluate their transaction fees structure so that gamblers will not be facing delays with their withdrawals. Usually gambling houses are asking small fee from us and they themselves including big tx fees to our transactions. This is possible for them as they are processing multiple withdrawal at the time and they are including multiple payout addresses into one transactions. I guess all gambling sites and exchanges need to follow these so that we can get rid off confirmation issues.

[Buerra]

You shouldnt be worried about fees till casino pays full amount. In this casino business they dont want to look so pity for few bucks. Dont forget, transaction fees are mostly related to bitcoin price.

[sana54210]

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.

Yes I agree I am also not in favor of the panic selling. When you come to know that the price is getting down hold your coins for a while and wait for the desired price. I mostly recommend that people should wait for the bitcoin price to raise high and then sell it. I think people who are in panic selling of the bitcoin are doing mistake because keeping in mind the future of the bitcoin the best option for everyone is to wait instead of the panic selling.

For a gambler who will be ready to hold and for those who are not dealing in fiat value, this will not be a big concern. After getting into bitcoin gambling, I totally forget about calculating how much I am making or losing in gambling in fiat equivalents.

[Oilacris]

You shouldnt be worried about fees till casino pays full amount. In this casino business they dont want to look so pity for few bucks. Dont forget, transaction fees are mostly related to bitcoin price.

he doesnt generally mean about the fees on sending the withdrawals since most casinos do really make free of charge for their players the main concern of op is when gambling sites do set small amount of fee for a certain withdrawal and he was on doubt on sudden price decrease of bitcoin in times on when its still transferring, to asnwer this question they wont bother at all to give you add up knowing the price of bitcoin is volatile.

[BlockEye]

You shouldnt be worried about fees till casino pays full amount. In this casino business they dont want to look so pity for few bucks. Dont forget, transaction fees are mostly related to bitcoin price.

Most of the Casino are deducting fees to the total amount that you withdraw like Primedice and Bitsler were the fees are incredibly high. But some Casino still offers fee free like fortunejack and betcoin. BTW the withdrawal on fortunejack is now instant so we can cashout anytime without thinking fee.

[michkima]

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 don't think so. Remember we are playing and using crytocurrency here. We shouldn't really consider the price of it in fiat as that is not what we are playing here. We are not playing $2 per bet but 1mbtc per bet, something like that. So we should not really convert anything even at the point of withdrawal.

[BitcoinsGreat]

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

let us not forget that most of these casinos and sportsbooks dont put these fees on us and they have taken the resposibility to take it up as there own, besides the are profit based businesses so i guess they have to minimize on loss by setting acceptable fees which in most instances are not that slow to confirm.

I think these casinos earn so much that they do not have to worried about the fee and they give fee of transactions themselves, as it is so minimal as compare to the profits they earn.

[coinplus]

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.

Yes, if someone can afford the accelerator so it is good for the transaction to be fast. If we demand it from the casinos to confirm our transactions and pay extra for our transactions to confirm we are totally wrong.

The casino has no concern with the confirmation of the transactions. The only role of the casino is to make sure that the funds have been released to the accounts.

[pixie85]

You shouldnt be worried about fees till casino pays full amount. In this casino business they dont want to look so pity for few bucks. Dont forget, transaction fees are mostly related to bitcoin price.

Most of the Casino are deducting fees to the total amount that you withdraw like Primedice and Bitsler were the fees are incredibly high. But some Casino still offers fee free like fortunejack and betcoin. BTW the withdrawal on fortunejack is now instant so we can cashout anytime without thinking fee.

This is a great example of how the casinos are battling increasing fees.
As a user, if you find it hard to cope with the fees, you can always withdraw once a month.
Also, with block size consensus reached, we're going to have much lower fees in the next 6 months.

[shield132]

It's really good question. Nowdays some gambling websites have old fixed transaction fee which causes problem for withdrawing of serious amount of bitcoin. So to fix this situation, you have to withdraw small amounts or you can change your gambling website. There is no another chanse or maybe contacting with support and fixing situation with him/her will be another choise.

[michkima]

It's really good question. Nowdays some gambling websites have old fixed transaction fee which causes problem for withdrawing of serious amount of bitcoin. So to fix this situation, you have to withdraw small amounts or you can change your gambling website. There is no another chanse or maybe contacting with support and fixing situation with him/her will be another choise.

Uhh. What you said is baseless and really seems that you know nothing about gambling sites and bitcoins.

Gambling sites set a fixed amount of fees. So big or small withdrawals will have the same transaction fees. For example, if the site sets a 250sat/byte miner's fee, then even if you withdraw 1btc or 1mbtc it will have the same fees included in them.

Hence, withdrawing small amounts will not change anything.

[shield132]

It's really good question. Nowdays some gambling websites have old fixed transaction fee which causes problem for withdrawing of serious amount of bitcoin. So to fix this situation, you have to withdraw small amounts or you can change your gambling website. There is no another chanse or maybe contacting with support and fixing situation with him/her will be another choise.

Uhh. What you said is baseless and really seems that you know nothing about gambling sites and bitcoins.

Gambling sites set a fixed amount of fees. So big or small withdrawals will have the same transaction fees. For example, if the site sets a 250sat/byte miner's fee, then even if you withdraw 1btc or 1mbtc it will have the same fees included in them.

Hence, withdrawing small amounts will not change anything.

Seems you can't understand what I posted. I mean situation when site has fixed 0.0004 withdraw fee, of course this is useless for withdrawing 1 btc. I had same situation and after no confirmation for 2 day, thanks to transaction accelerators, I got confitmation by using them. And if website has 250 sat/byte fixed than yes, it doesn't matter if amount is 0.01 btc or 1000 btc.
Hope I explained everything.

[KingdomHearts]

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.

This is good to share the information for the knowledge of the gamblers. It depends upon the wish and will of the user that what type of plan is he interested in and which suits him the best. But I am not much sure about the plans that how it works. Anyway this is a great effort done for those to see and select according to the need. I appreciate it.

[Qartersa]

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.

This is good to share the information for the knowledge of the gamblers. It depends upon the wish and will of the user that what type of plan is he interested in and which suits him the best. But I am not much sure about the plans that how it works. Anyway this is a great effort done for those to see and select according to the need. I appreciate it.

I think there are gambling sites that offers options to the gamblers on what fees to pay. I think this is implemented in yolodice, I am not sure though because I forgot where it was, but they have a system that asks if you want to pay a low fee but it will take some time or a higher fee and it will be instantly sent without waiting for others to share the fees.

[adzino]

It's really good question. Nowdays some gambling websites have old fixed transaction fee which causes problem for withdrawing of serious amount of bitcoin. So to fix this situation, you have to withdraw small amounts or you can change your gambling website. There is no another chanse or maybe contacting with support and fixing situation with him/her will be another choise.

You should try crypto-games.net  They allow you to choose how much you want to pay as transaction fee. You can choose depending on your need. They also have the "free transaction" option, the the fee is very low so get prepared to wait for few days. Other sites should implement this feature too where we can choose how much we want to pay as few.

[eternalgloom]

It's really good question. Nowdays some gambling websites have old fixed transaction fee which causes problem for withdrawing of serious amount of bitcoin. So to fix this situation, you have to withdraw small amounts or you can change your gambling website. There is no another chanse or maybe contacting with support and fixing situation with him/her will be another choise.

You should try crypto-games.net  They allow you to choose how much you want to pay as transaction fee. You can choose depending on your need. They also have the "free transaction" option, the the fee is very low so get prepared to wait for few days. Other sites should implement this feature too where we can choose how much we want to pay as few.

I almost exclusively use Crypto-Games because of that feature! And I'm not just saying that because I'm a part of their signature campaign.
It feels so good to get your payment in less than 10 minutes while on other sites you're waiting for days usually.

And they implemented that feature after some users asked about it in chat on their website, if that isn't good customer service, I don't know what is.

[tayrey]

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?

Its kind of moronic to think a casino would be responsible for the exchange rate to exchange in a different currency than you gambled with. I wish I could do it then I would complain to the site every time the euro, the swiss france or the british pound made gains on the dollar each time I withdrew but the reality is you gamble one currency you get paid out in that currency regardless of the time banks or in this case the bitcoin network takes to credit you that money.

[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?

Its kind of moronic to think a casino would be responsible for the exchange rate to exchange in a different currency than you gambled with. I wish I could do it then I would complain to the site every time the euro, the swiss france or the british pound made gains on the dollar each time I withdrew but the reality is you gamble one currency you get paid out in that currency regardless of the time banks or in this case the bitcoin network takes to credit you that money.

and besides its still the same amount of btc that you withdraw house won't change that you can always wait for another pump if you want
so same exact amount that you wanted will be able to exchange to your fiat.