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Author Topic: 15€ to send Bitcoin  (Read 381 times)
Rolex Watches (OP)
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May 31, 2019, 09:43:34 PM
 #1

https://bitcoinfees.earn.com

Too expensive to send my money so only interested in zero confirmation sportsbooks that allow deposits of 1 Satoshis/vbyte.
Sportsbet is the only one I know but sometimes I have to wait 2-3 days to withdraw which in fine since its better then paying 208 Satoshis/vbyte | 0.00208 BTC/KvB.
Are there any others please post in this thread and thank you!
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May 31, 2019, 09:50:33 PM
 #2

As of writing its already 225 bytes and I cant argue on what you are trying to say here about bitcoin fees.This is also the reason why I do make use of sportsbet
and even on having cheap fees with bitcoin I do still make use of it.This doesn't only affect gambling area but even on just having a simple transaction with
other users as well but you can always opt out for altcoin deposits.

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May 31, 2019, 11:26:09 PM
 #3

https://www.blockchain.com/btc/unconfirmed-transactions

More than 50.000 unconfirmed transactions right now, but this number can be completely different in a day from now. If you are not in a hurry you should always use the cheapest transaction option.
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May 31, 2019, 11:40:45 PM
 #4

If you are not in a hurry you should always use the cheapest transaction option.
Even cheapest fees are considered expensively high. Today i had to pay more than 4 dollars for a transaction of 47$, setting the cheapest allowed fee in Memepool as suggested by my electrum wallet (i didn't used to manually set my fees for small amounts transfers). For daily gamblers, it will remains as a problem making btc deposits, and withdrawals as well, during this period of the huge volatility of the btc price. We faced this before and we know that we can't expect for how much long.
It's the opportunity for bet platforms using altcoins to take this chance and get more traffics.

 
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June 01, 2019, 12:10:33 AM
 #5

https://www.blockchain.com/btc/unconfirmed-transactions

More than 50.000 unconfirmed transactions right now, but this number can be completely different in a day from now. If you are not in a hurry you should always use the cheapest transaction option.
Even the cheapest one may cost you more than 10% of the total money you are sending,its just that when bitcoin is pumping and the blockchain is conjested we cant do  a thing but just to be forced to pay this super high fees yes its annoying but what else can we do

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June 01, 2019, 01:08:02 AM
 #6

Fees are also determined by the number of inputs you have in a wallet; by consolidating inputs when fees are low you can keep transaction fees to a minimum because this allows the transaction to be smaller, especially useful if you've got a wallet that receives a large amount of small transactions or just a large amount of transactions. LoyceV's got a neat thread here (click for link) with more information on the topic.

Alternatively you can also pay a lower fee and wait a bit longer for the funds to arrive, as transaction backlogs like this one typically do not last very long. Recommended fees are already down to 166 satoshis per byte, and Johoe's BTC Mempool site (click for link) allows you to get a view of how the mempool has been looking recently.
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June 01, 2019, 12:09:30 PM
 #7

I think that will not be a problem to wait for that time if you can get your money without any trouble.
You can stay with them to place bets if you want or you can move to the other site, but you don't know if the site can have a faster confirmation or not.
But if I were you, I will choose the recommended gambling website, so I don't have to get trouble in some day.
And I don't mind to wait for the money Grin

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June 01, 2019, 12:43:32 PM
 #8

https://bitcoinfees.earn.com

Too expensive to send my money so only interested in zero confirmation sportsbooks that allow deposits of 1 Satoshis/vbyte.
Sportsbet is the only one I know but sometimes I have to wait 2-3 days to withdraw which in fine since its better then paying 208 Satoshis/vbyte | 0.00208 BTC/KvB.
Are there any others please post in this thread and thank you!
The situation with fees is indeed pressing now, and I think if you want to gamble small, it's best to wait it out or to try a casino that accepts Lightning transactions. I've seen some casinos that are LN-friendly, but not sportsbooks. After doing some online research I only found the following website: https://microbet.fun/. While it seems like it's sports bets via LN, I am not sure how trustworthy or even active at all this website currently is. Oh, by the way, since Bitcoin fees are high, why not just use another crypto like Ethereum for a while? I think most of the major casinos and sportsbooks accept it, and the current fees seem great: https://bitinfocharts.com/ethereum/. This way you won't have to deal with trust issues, resulting from betting on unpopular websites as well as avoid the crazy fees.

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June 01, 2019, 02:11:39 PM
 #9

https://bitcoinfees.earn.com

Too expensive to send my money so only interested in zero confirmation sportsbooks that allow deposits of 1 Satoshis/vbyte.
Sportsbet is the only one I know but sometimes I have to wait 2-3 days to withdraw which in fine since its better then paying 208 Satoshis/vbyte | 0.00208 BTC/KvB.
Are there any others please post in this thread and thank you!


the fees are crazy right now , paying atleast 5 dollar each transaction. and its way to high.
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June 01, 2019, 03:21:59 PM
 #10

Yes of course most of the time gambling sites do not make any deduction when it comes to transferring funds. Ot is the confirmation the one who mines btc that will take fee from every transaction. If you know how to send btc in that can sace you from.transaction.fee then that would be better. You can do a research on how to save bitcoin transaction fee when transferring funds.

But OP, it is not the transaction fee that matter when you gamble instead it is the platform itself.
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June 01, 2019, 03:42:42 PM
 #11

If high fees are your concern there are many altcoins you can choose from that have much lower fees and can do more transactions per second.  Most big casinos and sportsbook accept altcoins so you should have no problem doing so.
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June 01, 2019, 04:09:29 PM
 #12

For BTC & ethereum deposits I use bitstamp exchange because I don't pay commissions
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June 01, 2019, 05:02:02 PM
 #13

That is why I sometimes prefer using gambling sites with altcoin options. Bitcoin network is sometimed congested and the fees can be high depending on btc price. I tried withdrawing my funds and it took me few days to receive my money.

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June 01, 2019, 06:36:54 PM
 #14

Some sites allow you to choose the way how your coins are going to be sent (very fast - fast - medium - ...). Usually, if you choose the lowest value possible you pay next to no fees, but you have to wait for a few days til your coins arive. Dont know if this is possible at the site you are talking about?


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June 03, 2019, 09:34:38 AM
 #15

We should check some websites which tell us the recommended fee to send an broadcast a transaction in a normal timeframe.

There are also some websites which offer free acceleration of transactions but you need luck and good timing with them.

Last option is to play in a sportbook which accept altcoins as they have very fast confirmation times.

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June 03, 2019, 09:49:26 AM
 #16

During this periods,when the network is very loaded with unconfirmed transactions best thing you can do is either to not make transactions on bitcoin and use another crypto instead like ethereum that is accepted by most sports betting websites and it doesn't have a problem with fees and confirmation. It's not going to help you if your deposit will be instantly be added into your account because you cannot make a withdrawal until your transaction is confirmed.
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June 03, 2019, 09:52:43 AM
 #17

Last option is to play in a sportbook which accept altcoins as they have very fast confirmation times.

That's correct, OP should convert his BTC to ETH if he wants to enjoy a minimal fee, that'st he only way as transaction fee for bitcoin today needs to be higher for fast confirmation. Sportsbet is not charging fee for withdrawal and that's the benefit for using the site.

Or....

Send your entire bankroll so you don't have to send every time, like I said withdrawal is free, so you'll enjoy it.  Grin

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June 03, 2019, 04:22:39 PM
 #18

Some sites allow you to choose the way how your coins are going to be sent (very fast - fast - medium - ...). Usually, if you choose the lowest value possible you pay next to no fees, but you have to wait for a few days til your coins arive. Dont know if this is possible at the site you are talking about?

But even if we choose very fast when the network is too busy with a large transaction which needs to confirm, our transaction will get delay too, and that will make us wait for a while. I still prefer to deposit and withdraw using altcoin because it is fast for me and I don't have to wait for a long time like what I did with bitcoin. I think deposit with altcoin, especially dogecoin or litecoin, will take a less fee than bitcoin.

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June 03, 2019, 04:47:00 PM
 #19

Last option is to play in a sportbook which accept altcoins as they have very fast confirmation times.

Send your entire bankroll so you don't have to send every time, like I said withdrawal is free, so you'll enjoy it.  Grin
Yeah,send the entire bankroll so you can lose everything quicker  Grin Grin . Because that's usually what happens when you deposit all your bankroll on one single gambling website. You start gambling more and more because you think you have enough balance and even if you lose some bets you will still have a lot. At the end you just realize almost all your balance is gone   Huh
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June 03, 2019, 11:19:27 PM
 #20

Still too expensive to send some BTC to my favorite casino for some slots action  Undecided
I think the positive way to look at times like these are we are less likely to lose the money we arent gambling with  Tongue
But regardless these high fees will not last forever and I agree that paying 15€ to send Bitcoin is too much

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