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Author Topic: 15€ to send Bitcoin  (Read 381 times)
Lafu
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June 03, 2019, 11:56:32 PM
 #21

For BTC & ethereum deposits I use bitstamp exchange because I don't pay commissions

Exactly , i use Bitstamp too and they have no fees for withdraws from there ! Bitcoin Cash , Ethereum , Litecoin , Ripple (XRP) , Bitcoin are free for Bitstamp Users !
And when you making an withdarw it dosnt take much long to get your coins to your address you have done the withdraw!
I dont know how they doing that but it works very well and that the last few years . I dont know how it is if you send more as 1 Bitcoin because in the past it was free to up to 1 Bitcoin !
I was searching on there website but havnt found anything about the 1 Bitcoin rule or something , maybe they changed it and all withdraws from there are free for now .
You can look if you want or get you some more Information about that here at there website https://www.bitstamp.net/fee-schedule/.
Would be nice to have more services like this without fees for Users !

TheCoinGrabber
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June 04, 2019, 12:27:37 AM
 #22

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

Would this be cheaper, converting the BTC to ETH first before sending to the casino site? I suppose if I already have some BTC lying around in an exchange it wouldn't cost much but what if I'll have to send it from my Electrum wallet?
shoreno
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June 04, 2019, 05:53:43 AM
 #23

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

Would this be cheaper, converting the BTC to ETH first before sending to the casino site? I suppose if I already have some BTC lying around in an exchange it wouldn't cost much but what if I'll have to send it from my Electrum wallet?
You will still incure some fees when exchanging your coins on an exchanger or in a wallet  . why can you just buy eth directly or other cheap altcoins better than btc and eth ?  Doge coin , litecoin , xrp are good alternatives to them and you can then send these coins directly into a gambling site . nowadays alot of online gambling sites are now accepting altcoins and tokens not just sportbook/sportsbet sites   
ralle14
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June 04, 2019, 09:50:13 AM
 #24

Would this be cheaper, converting the BTC to ETH first before sending to the casino site? I suppose if I already have some BTC lying around in an exchange it wouldn't cost much but what if I'll have to send it from my Electrum wallet?
If it's from a wallet (that you control) it will always cost more because converting altcoins have more steps compared to a transaction sent straight to a gambling site  For example you used a recommended fee which is like BTC.0001 for the deposit then the traders fee that costs maybe 1k satoshi or more depending on the amount traded and lastly you have the withdrawal fee that ranges between 0.01 -0.04 ETH. Even though we'll save some withdrawal fees from gambling sites, the initial fees from trading offsets the future saved fees.

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TheCoinGrabber
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June 05, 2019, 02:14:44 PM
 #25

If it's from a wallet (that you control) it will always cost more because converting altcoins have more steps compared to a transaction sent straight to a gambling site  For example you used a recommended fee which is like BTC.0001 for the deposit then the traders fee that costs maybe 1k satoshi or more depending on the amount traded and lastly you have the withdrawal fee that ranges between 0.01 -0.04 ETH. Even though we'll save some withdrawal fees from gambling sites, the initial fees from trading offsets the future saved fees.

OK thanks, I'll check which will cost me more, sending from Electrum or buying straight from our local exchange.

You will still incure some fees when exchanging your coins on an exchanger or in a wallet  . why can you just buy eth directly or other cheap altcoins better than btc and eth ?  Doge coin , litecoin , xrp are good alternatives to them and you can then send these coins directly into a gambling site . nowadays alot of online gambling sites are now accepting altcoins and tokens not just sportbook/sportsbet sites    

It was only recently that our local exchange (meaning the one where I can buy using fiat) only added some alts like ETH and XRP. Since I haven't played in a casino for some time, I've only experienced buying BTC, sending it to an exchange, then converting to some alt. (This exchange have limited alt selection)
Sharon121212
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June 05, 2019, 05:02:25 PM
 #26

Transcation fee are not really a bad thing as some users portray it to be take for example the banking system transcation fees are still collected when sending money. I would prefer a transcation fee to having to wait due to delayed transcation which can last for a long time.
But what I really do not like with some site is that there are minimum amount that can be sent this can really be frustrating at times
Jjewelle29
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June 07, 2019, 01:43:28 PM
 #27

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

Yes, that is why I always do that because eth is always minimal fee so, try also witdraw using eth. because btc now high fee because of btc price.

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