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Author Topic: Nitrogen $20 withdrawal fee  (Read 768 times)
Wind_FURY
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December 26, 2017, 03:46:22 AM
 #81

The new rules of withdrawal fee is ok for me , we do not blame their site because they only do this to compensate their processing our withdrawal in the blockchain. Also i think gamblers are not withdraw their money in daily or every other day because most of the time we used our money as capital in gambling. Like me i do withdrawal once a week or every other weeks.

You should not be taking this sitting down. The Bitcoin network already has the technology to make the fees lower. Segwit makes transactions faster and cheaper because they are smaller. Plus Segwit also makes the network future ready for 2nd layer applications like the Lightning Network.

Do not be lazy. Everyone should start creating a Segwit enabled wallet now. Use Green Address instead of Blockchain.info, use Samourai wallet for mobile and do these steps to make an Electrum Segwit wallet with the more accepted "3 addresses".
Quote
Generate a BIP39, 12 words seed on https://iancoleman.io/bip39/, you can also use it offline for more security.

On electrum choose, create new wallet, I already have a seed, then on "options" choose BIP39, paste the seed then click next.

On derivation path path use: m/49'/0'/0'/0


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December 31, 2017, 07:49:27 PM
 #82

Nitrogen withdrawal fees are going to be a major killer to the gambling industry.  The major selling point for using this sportsbook is no more.
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December 31, 2017, 07:52:38 PM
 #83

Nitrogen withdrawal fees are going to be a major killer to the gambling industry.  The major selling point for using this sportsbook is no more.

Nothing going to happen because now miner fees is very high and all gambling sites taking fees for withdrawal its no new here on this site many exchanges taking more high fees and peoples still doing business with them so they will be also on  Wink
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December 31, 2017, 11:39:17 PM
 #84

Nitrogen withdrawal fees are going to be a major killer to the gambling industry.  The major selling point for using this sportsbook is no more.


Nothing will happen to the gambling industry as a result of this.

The only sites I see suffering are the ones which are totally anonymous and have all their bets done on the block chain. Basically the ones where you send an amount to a BTC address and your bet is based on the hash of a mined like, like that oddevenbets.com

Those sites unless they switch to a different alt like LTC or Bitcoin Cash they will suffer. Because nobody will pay $25 per bet and have to wait a few hours for the bet to get activated.

Most people just leave their BTC on the bitcoin sites hot wallet and just play like that.

They can also just use different sites which feature different alt coins like XMR or LTC.

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Minus7point5
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January 01, 2018, 07:16:09 PM
 #85

Imagine if Nitrogen decided to support BCH, and we all received our BCH?
That would be a major milestone for all of us, but sadly I don't see it happening  Embarrassed
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January 01, 2018, 08:10:13 PM
 #86

They do offer one free withdrawal per week so it is not really sticking it to their loyal customers.

They did start offering to have bets lower than the 0.001btc minimum a while back if that helps any. Undecided

That does sound fair, every good company takes care of their smallest customers because this represents the highest growth rate in any economy even gambling.    Bitcoin itself is failing to understand that the network needs the smaller transactions to stay healthy, it cant all be about whales speculating and some of us just want to move value around the internet without hassle.

All of this fee stuff is negative press and puts people off the idea of using crypto, I do hope someone develops a stable reliable scalable solution as the benefits are reciprocal.

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Wind_FURY
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January 10, 2018, 05:39:33 AM
 #87

They do offer one free withdrawal per week so it is not really sticking it to their loyal customers.

They did start offering to have bets lower than the 0.001btc minimum a while back if that helps any. Undecided

That does sound fair, every good company takes care of their smallest customers because this represents the highest growth rate in any economy even gambling.    Bitcoin itself is failing to understand that the network needs the smaller transactions to stay healthy, it cant all be about whales speculating and some of us just want to move value around the internet without hassle.

That is why we as users need to campaign for Segwit and we need our voices to be heard. The solution is already there. All you need to do is start using a Segwit enabled wallet and ask for your favorite merchants and services to do it also.

Quote
All of this fee stuff is negative press and puts people off the idea of using crypto, I do hope someone develops a stable reliable scalable solution as the benefits are reciprocal.

Next time pay attention to the real issues. #Segwit #Lightning.



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January 10, 2018, 05:53:58 AM
 #88

very difficult for gamblers who have minimal gambling funds in this sports book. 20 $ is not a small amount, what they really want. I am sure they will go bankrupt in the near future if continue to implement such a system 😨😨😨

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January 10, 2018, 06:10:34 AM
 #89

very difficult for gamblers who have minimal gambling funds in this sports book. 20 $ is not a small amount, what they really want. I am sure they will go bankrupt in the near future if continue to implement such a system 😨😨😨

ergh. that $20 withdrawal fee is an option, if small gamblers don't want to pay $20 for their withdrawal, they can just use the free withdrawal once per week. atleast nitrogen gave their customers an option, free or paid one


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January 16, 2018, 12:46:59 AM
 #90

Guys yes the fee is not $20 anymore, but I've got BTC stuck at Nitrogen that I have to wait another 5 days before I can withdrawal for free.  It's just not the same as it used to be.
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January 16, 2018, 02:35:57 AM
 #91

Guys yes the fee is not $20 anymore, but I've got BTC stuck at Nitrogen that I have to wait another 5 days before I can withdrawal for free.  It's just not the same as it used to be.
What do you exactly mean? It wasn't $20 fee but attributed to the miners fee inwhich they apply to your transaction so to have it sent over the blockchain so it can get confirmed at a reverently acceptable time for you to receive it.
It was at set to 0.001btc which was around $20 but now with the number of unconfirmed transactions and the price of bitcoin coming down.
I would imagine it will be around $13 now but still at 0.001btc per withdrawal after you use up your weekly one they give to you for free.

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January 16, 2018, 03:32:33 AM
 #92

Guys yes the fee is not $20 anymore, but I've got BTC stuck at Nitrogen that I have to wait another 5 days before I can withdrawal for free.  It's just not the same as it used to be.
What do you exactly mean? It wasn't $20 fee but attributed to the miners fee inwhich they apply to your transaction so to have it sent over the blockchain so it can get confirmed at a reverently acceptable time for you to receive it.
It was at set to 0.001btc which was around $20 but now with the number of unconfirmed transactions and the price of bitcoin coming down.
I would imagine it will be around $13 now but still at 0.001btc per withdrawal after you use up your weekly one they give to you for free.
Well that's exactly what is happening they still charging withdrawal after consuming the free one in a week, the delayed might be cause by the miners
and not nitro they send the request and its always depend how the miner will take it, bitcoin value still at low and if converting it to usdt then we will
see that it's no longer 20$ just like what the previous replied mention. Nitro still a good site for sports betting for my owned opinion as I still played
sometimes when my fav team have some good matches.

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January 16, 2018, 06:29:43 AM
 #93

感觉退出费用都好高
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January 16, 2018, 06:52:00 AM
 #94

Next time pay attention to the real issues. #Segwit #Lightning.



Iam aware of those possibilities but development includes largely a working implementation and that is not out there yet.     As soon as the average person can be using Segwit or Lightning then I agree its become a reality but at the moment people are stuck waiting for their free once per week withdrawal.    Thats too bad I guess but at least they this site gives that base option to people, to their credit.

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January 17, 2018, 11:36:19 AM
 #95

Ouch. Tough to see such a reputable sportsbook going this route.  Embarrassed

Talk about riding this BTC wave of profit, and then sticking it to your loyal customers  Shocked

I wonder how much this will tarnish their "A" rating?

Time to seriously reevaluate my betting options cause my system won't work with this new policy.

Come on Nitrogen- wake up and realize this is bad for business!  Angry



Nitrogen is doing what others do to, at least nitrogen allows one free withdraw in 2 weeks, that is good tactic for them. Look at the betcoin, their withdraw fee for money from signature campaign is very high too, participants are complaining. Only one good thing there is they can withdraw using some alt and that's how transactions can be cheaper. I don't blame nitrogen, one of the best places for paying poker this days, I would like they to consider adding some other alts, I would gladly use it, high fees are killing many bitcoin businesses, that is not good.


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January 17, 2018, 01:30:50 PM
 #96

Nitrogen is doing what others do to, at least nitrogen allows one free withdraw in 2 weeks, that is good tactic for them. Look at the betcoin, their withdraw fee for money from signature campaign is very high too, participants are complaining. Only one good thing there is they can withdraw using some alt and that's how transactions can be cheaper. I don't blame nitrogen, one of the best places for paying poker this days, I would like they to consider adding some other alts, I would gladly use it, high fees are killing many bitcoin businesses, that is not good.

I agree with you, we can't really blame merchants for the high fees. Bitcoin fees are high, so it's impossible for them to keep them low. They can remove a portion of their profit to cover the fees, and I'm sure they already do that, but they can't solve everything. There are a few things they can do however. One is accepting other alts that have less fees, like litecoin or dash for example. I remember directbet for example even accepted doge in their site. The other thing they could do, would be to start using segwit. I know this would require a lot of coding from their part, and most of these sites don't really have a good dev team that could do this, but they should have enough money to hire some dev and make this change on their platform though.

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January 17, 2018, 08:23:57 PM
 #97

Next time pay attention to the real issues. #Segwit #Lightning.



Iam aware of those possibilities but development includes largely a working implementation and that is not out there yet.     As soon as the average person can be using Segwit or Lightning then I agree its become a reality but at the moment people are stuck waiting for their free once per week withdrawal.    Thats too bad I guess but at least they this site gives that base option to people, to their credit.
It would really just takes time to have this kind of transition which i dont still bother than it would really be implemented on gambling industry.If it does then it would really be beneficial on both gamblers-house itself.Fees have been lowered now seeing on the current price of bitcoin its not actually $20 anymore but checking on this https://blockchain.info/unconfirmed-transactions almost 165k expect delays.

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March 24, 2018, 10:36:14 AM
 #98

Nitrogen still charging .0005 BTC (~$4.50) on what should only be a few cents.
When Nitrogen introduced fees on withdrawals, they said it would be increased/decreased as per network, but it has never been decreased even when tx fees are 10 times lower now.
Why aren't more people stepping up to call them out?
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March 24, 2018, 10:49:30 AM
 #99

As I can see it should be a dollar or so...
Not just Nitrogen, almost all are still charging too much for withdrawals.

It would be ok if they actually payed that for a fee, but they aren't.

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March 24, 2018, 11:13:42 AM
 #100

Nitrogen still charging .0005 BTC (~$4.50) on what should only be a few cents.
When Nitrogen introduced fees on withdrawals, they said it would be increased/decreased as per network, but it has never been decreased even when tx fees are 10 times lower now.
Why aren't more people stepping up to call them out?
My guesses are NitrogenSports really wants your to limit your withdrawals to one time per week which they offer for free. They are forcing people to only have one withdrawal for the purpose of lessening their work. It's a good thing for them as they won't be handling multiple withdrawals from the same account. Their manpower can be one of the problems here as if they allow you to have cheap multiple withdrawals then they might not be able to process them all just like what other gambling sites are currently experiencing.

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