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Author Topic: Nitrogen $20 withdrawal fee  (Read 815 times)
Minus7point5
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December 17, 2017, 08:43:20 PM
 #1

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

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December 17, 2017, 08:49:55 PM
 #2

They do offer one free withdrawal per week so it is not really sticking it to their loyal customers.
They have to do something so to keep up with the other casinos that are still using bitcoin for gambling. Which I would suspect them to start to offer more alternatives in the near future because of the very high rise in price in the past three months.
They did start offering to have bets lower than the 0.001btc minimum a while back if that helps any. Undecided
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December 17, 2017, 09:11:02 PM
 #3

What about customers who have been making daily withdrawals for the past 2 years?  They are going to turn away loyal customers over $20.
It's just not practical and since most of your remaining post was rambling, bottom line is I can not be the only one shocked by this new policy.

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December 17, 2017, 09:23:26 PM
 #4

Blame bitcoin network and insane high fee rates we currently have. This is our new reality - do you honestly think that any company will pay fees for you?
I acknowledge that $20 fee is kinda rough, especially for gamblers who like to bet low, with bitcoin price reaching $20k we will have even higher fees imposed by more an more casinos/sportsbooks.
From what I know you are able to withdraw one deposit for free every week - maybe scheduling your withdrawals to take advantage of this feature is a way to go?



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Minus7point5
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December 17, 2017, 09:34:19 PM
 #5

Do I honestly think that any company will pay my fees?
Poloniex (yes the exchange we all hate) charges $2 for Bitcoin withdrawls, or 10% of what Nitrogen charges.
Plus, there are other sportsbooks that don't charge for withdrawals.
Forget the small gamblers, Nitrogen doesn't care about them as much as the big players.  And some of us have business models that won't fair well with this new policy.
I'm not calling for a boycott by any means, just a little customer support for us loyal players that would like some sort of appreciation here.
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December 17, 2017, 11:09:03 PM
 #6

I can definitely see both sides to this argument and they both have some truth and Merrit. Well I think they’re taking proper steps and letting you have one free one I think they should extend it to loyal customers and give you 3-4 weekly for free. I understand that casinos will need to charge a certain fee to withdraw, but this limitation keeps players bitcoin held hostage. Those who only have $20 to gamble with in bitcoin can’t afford A $20 fee so they wait. While waiting they might as well make some bets.

 
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December 17, 2017, 11:32:35 PM
 #7

I can also see both sides of the argument here as well.  The sites don't have control over the ever rising network and mining fees, but some sort of happy medium would definitely be nice.  The one free weekly withdraw is definitely nice, but I think a lot of sited need to reevaluate their withdraw fees as a lot of sites currently have the same .001 BTC withdraw fee, which as mentioned is now roughly a $20 fee.  Sure we have the option not to play at these sites, but with very few good and legit sites to choose from these days, I guess we just have to deal with it for now.
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December 17, 2017, 11:38:59 PM
 #8

Yeap they cannot control miners fees and that's why its costs are high, better wait til this problem is sovled and fees goes down again.
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December 17, 2017, 11:40:56 PM
 #9

They do offer one free withdrawal per week so it is not really sticking it to their loyal customers.
They have to do something so to keep up with the other casinos that are still using bitcoin for gambling. Which I would suspect them to start to offer more alternatives in the near future because of the very high rise in price in the past three months.
They did start offering to have bets lower than the 0.001btc minimum a while back if that helps any. Undecided
It's only for loyal customers who mostly withdraws 0.005 btc. I don't mind Nitrogen charging all of us for the miner fees,  they should've added different options for the miner fee instead of charging everyone a fixed amount per transaction.

The minimum bet amount doesn't help anything about the withdrawal rules it only encourages you to empty your balance.

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December 17, 2017, 11:46:28 PM
 #10


They did start offering to have bets lower than the 0.001btc minimum a while back if that helps any. Undecided
this is really needed for all casinos.
when bitcoin prices are so crazy.
changing systems such as setting a minimum bet to a low will be much needed,
because otherwise.
it is not impossible if nitrogen will lose competitiveness with casinos that have low minimum bets.

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December 17, 2017, 11:55:59 PM
 #11

Do I honestly think that any company will pay my fees?
Poloniex (yes the exchange we all hate) charges $2 for Bitcoin withdrawls, or 10% of what Nitrogen charges.
Plus, there are other sportsbooks that don't charge for withdrawals.
Forget the small gamblers, Nitrogen doesn't care about them as much as the big players.  And some of us have business models that won't fair well with this new policy.
I'm not calling for a boycott by any means, just a little customer support for us loyal players that would like some sort of appreciation here.

Later or sooner all the casinos, dice sites & exchanges etc will increase their withdrawal fees for sure.
If the current transaction fees stays same as it is now. I will not blame any site for increasing their withdrawal fees.

As Nitrogen already offering 1 free withdrawal every week, I think that's kinda appreciation they are showing for loyal customers.

 
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Minus7point5
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December 18, 2017, 12:37:59 AM
 #12

All I'm saying is that if Nitrogen wants to continue to think that they are the industry leader, they need to be willing to compromise with their reputable players.

It makes no sense for me to have to win a $100 bet and give Nitrogen $20. 

This is after I ALREADY paid $20 to deposit my funds!  What about that factor that everyone is forgetting?

So in fact, it's costing me now $40 to make a bet at Nitrogen.  They need to bite the bullet on this one as I truly think it's a bad business move.

They are making a killing and I stand by what I said that this is a slap in the face to their loyal customers.
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December 18, 2017, 01:18:26 AM
 #13

i was shocking to this new policy, for player who bet on microstake its killing me.. its very though to leave nitrogen.. but i have to

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December 18, 2017, 01:34:32 AM
 #14

All I'm saying is that if Nitrogen wants to continue to think that they are the industry leader, they need to be willing to compromise with their reputable players.

It makes no sense for me to have to win a $100 bet and give Nitrogen $20. 

This is after I ALREADY paid $20 to deposit my funds!  What about that factor that everyone is forgetting?

So in fact, it's costing me now $40 to make a bet at Nitrogen.  They need to bite the bullet on this one as I truly think it's a bad business move.

They are making a killing and I stand by what I said that this is a slap in the face to their loyal customers.

Sorry but seems you are forgeting that every bitcoin transaction needs a fee so miners will include your transaction in a block making in confirmed. Are you pointing here that since you are paying $20 to deposit money to them, they should cover withdrawal fees for you? Will that be fair to you? how about them? how many players are doing withdrawals daily? lets say 1000 withdrawals, then it will be $20,000 in bitcoin already. Do you think they will still be up and running if they are losing money just like that?
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December 18, 2017, 01:40:38 AM
 #15

i was shocking to this new policy, for player who bet on microstake its killing me.. its very though to leave nitrogen.. but i have to

If you bet small amount and every day if you withdraw small amount then casino need to pay the high transaction fees for each withdrawal. They are doing a business and you can't expect them to pay such high transaction fees for all small amounts. I understood that they are offering one free withdrawal every week then you have to collect all your winning for one week and go for a free withdrawal.
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December 18, 2017, 06:06:04 AM
 #16

From what i read nitrogen will still offer theone free withdrawal option a week.  Now personally I think one rime a week free withdrawal is good. Granted two free withdrawal would be great for all and leave no room to complain.  Now i am not sure why people need withdrawal options EVERY day, it's not my concern but sure does look funny when people do this. If you are not a day Labour or 1099 independent contractor of the casino should be no reason to want free cash everyday. This of course is just my opinion so please save me all the hateful comments.

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December 18, 2017, 06:35:27 AM
 #17

It is ok to have withdrawal fees, i am using nitrogen site more than a year and enjoying free withdrawal fee, then now still they offering 1 time free withdrawal every week and i think it would help to make transaction faster because it will lessen the congestion of withdrawal in blockchain.
I think now a days, people using nitrogensports do 1 withdrawal in a week and didnt like the amount of transaction fee. 0.001 every withdrawal after you avail the free withdrawal fee.
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December 18, 2017, 07:21:50 AM
 #18

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



Its not the fault of nitrogen that there is a 20$ withdrawal fee, that fee goes to the bitcoin network, if you do a transaction outside nitrogen you will see that there is a high fee for transferring funds, eventually the fees will subside and turn back to normal.
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December 18, 2017, 07:26:31 AM
 #19

I find their withdrawal policy very fair.

Their are giving you one free withdraw every week.

Every exchange now is having similar or higher fees and you could blame the network state, not Nitrogen.

 
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December 18, 2017, 08:33:10 AM
 #20

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


Does this fee include the bitcoin transaction fee? Because those are pretty huge. I saw a $7 transaction and won't be surprised if now there are even $10 ones. Yet they surely should not charge people additionally. Do they? Or perhaps that was the fee for withdrawing a really big sum of money?
I guess it's time for casinos to slowly dump bitcoin and use other coins, so that people feel comfortable about gambling. Dogecoin is not developing, but it's still very good for gambling, as transactions proceed really fast and cheap. Let's hope nitrogen will make a step forward and list some other coins apart from btc.

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