What withdrawal fee do you consider as fair in gambling sites?

[joshy23]

It's always good to have options and not just a fixed rate once you're going to withdraw your balance, or if possible much lesser fee to be collected since it's already a business and with the house edge they have the shares from each games gamblers being played inside the house, it's better for each gambling house to adjust from what the players demands especially if it's take about having more gamblers to use the site.

[lighpulsar07]

Well when it comes to withdrawal fees i always checked the how much the withdrawal fees that the casino offers but i always consider the fixed withdrawal fees like in bitvest they have only 0.00012btc withdrawal fee whatever the traffic situation of the network their fees is fixed although they have doubled the withdrawal fees (i think it was 0.0002?) once during the late 2017 but they return it back to normal though. also, 0.001 btc withdrawal fee is ridiculous for a gambling site and if someone implemented it, i will never visit that site again even if the games were good on that site they are like the withdrawal fees of scam cryptocurrency exchanges.

Anyways, for me withdrawing huge amount of bitcoin without any problem is the proof the casino isn't a scam,...

 

[DoublerHunter]

I like if the gambling company takes all the costs of processing withdrawals as I think they have the money to do so.

^ That is good for a gambling site that they will cover all the cost of processing withdrawals and have an instant withdrawal within a couple of hours it takes. Fixed fee but not quite high is okay for me at least not more than 0.001btc will be fine. Good thing if you don't always have withdrawals on that site. Nevertheless, in choosing a gambling site and avoid that problem always check the and read first before going to deposit.

[iMark]

I like if the gambling company takes all the costs of processing withdrawals as I think they have the money to do so.
Sportsbet.io so far processes the withdrawal instantly and I haven't seen any fees being involved,whenever I withdraw the minimum of 2mBtc always 2mBtc arrive in my btc wallet.

Thats all what I wanted I would be very happy if the gambling site is responsible for all fees to be paid. after all they have a great profit to cover it all. and I'm sure all gamblers will be very happy and comfortable to play there. especially if it is instant withdrawal it will be a good added value for the gambling site.

[semobo]

I like if the gambling company takes all the costs of processing withdrawals as I think they have the money to do so.
Sportsbet.io so far processes the withdrawal instantly and I haven't seen any fees being involved,whenever I withdraw the minimum of 2mBtc always 2mBtc arrive in my btc wallet.

Thats all what I wanted I would be very happy if the gambling site is responsible for all fees to be paid. after all they have a great profit to cover it all. and I'm sure all gamblers will be very happy and comfortable to play there. especially if it is instant withdrawal it will be a good added value for the gambling site.

When a gambling site doing free transaction then its good but I don't think this will be an instant transactions since most sites uses batch transaction with less fee so the time to arrive at our wallet will be high but they can also add one more feature for giving transaction from our funds based on the traffic at memepool.

[sana54210]

I think acceptable fees are 0.001 btc , 0.0005 btc then 0.0002 btc and below like for me this is affordable so this are fair for us users

Still i think better if the fee is only low like every transaction of btc because when we deposit in their gambling site because we already pay for that then actually i don't like to pay every withdrawal like i want one fee only for 3 times withdrawal

There should be no fixed withdrawal fee,and the only fee should have to be collected it miner fee which sounds good because gambling sites already making through bets then why they are making few bucks via withdrawal process which is really not necessary.

This is my thought exactly,. Of what use is having a withdrawal fee, this  people make a whole lot of money from gambling, aside what I might have won, they have gained from so money losers. It should be made free, there’s no point having a withdrawal fee, whether fixed or based on percentage.

I remember my friend called me greedy some time ago because I mentioned this and to them, this is a way the casino sites can also generate money. I understand that the casinos given us a great gambling platform is a privilege but this is not a good reason to start having a fixed charge when it’s time for withdrawal, they could do it free for players as compensation for having them on the site.

[darklus123]

Shocks even if how much money online gambling casinos are making they wouldn't even mind covering at least some of the fees.  A fix one really sucks because it invalidates the user's right to choose. It is actually sucks more when they are still even getting something from it.

~

Sportsbet is good if you do sports betting lol but if you are not a fun of sports betting then this site is not just for your either.

There should be no fixed withdrawal fee,and the only fee should have to be collected it miner fee which sounds good because gambling sites already making through bets then why they are making few bucks via withdrawal process which is really not necessary.

This is an obvious abused for them, considering the fact that we are already suffering from the high fees that we need to pay every time we will be having a transactions and yet there are freaking crazy casinos who would like to add up a small % so they can gain something from that.

[jakoylantern]

Personally I prefer the primedice approach: fixed low fee and in case of clogged mempool the site "take the hit".

I also accept a dynamic fee based on mempool state, or a priority approach (pay more if you are in a hurry)

What I do not consider fair is when only a huge fixed fee is proposed, like 0.001 BTC. That really discourage crypto gambling in my opinion.

For me, the withdrawal fee that I consider fair about to 0.0002 BTC below, but depends on the traffic and adjustment of the sites. Now new gambling sites are adjustable on their payout system because of the traffic on the blockchain. But it thinks 0.001 BTC of a VIP withdrawal fee will be fair, like in the regular casino if you are high roller your costs and exchange is different than others or like choosing your transaction payout speed that will depend on the level of fee.

[Ucy]

The ideal thing to do is gambling on sites with the fixed low fee and dynamic fee. I guess that is what the "Priority approach" means. I know what it feels like when you try to transfer Bitcoin urgently & at all cost only to realize that your new wallet does not have the dynamic fee.

[mu_enrico]

For BTC, I'm okay with a maximum of ~25k sats withdrawal fee, with the expected confirmation time below 8 hours (total). It also applied to exchanges.

If users want cheaper and faster withdrawal, perhaps it's more reasonable to use altcoins instead. BTC fees wouldn't get cheaper anytime soon, even if somehow the core dev could make some improvement, BTC won't be able to compete (in term of tx fees) with POS chains like EOS/TRX which offers instant and "free" tx since it (POS) basically a centralized but distributed database.

[rachman mahesa]

What I do not consider fair is when only a huge fixed fee is proposed, like 0.001 BTC. That really discourage crypto gambling in my opinion.

A big fee for gambling. I usually look for other options and look for the lower "if it exists".
Mintdice alone is low cost 0.0002BTC for economy class and that in my opinion is enough for me.

[Finestream]

Everyone would choose the cheapest, for me, if there's a site that offers a free withdrawal, I'm sure that's gonna be an attractive gambling site.

The average withdrawal fee in gambling sites I played was only around 10,000 sats to 50,000 sats, and I understand that gambling sites not putting a free withdrawal features as with small minimum, it's expected that gamblers will withdraw from time to time, and also some gambling sites even charge higher withdrawal fee so small time gamblers would not withdraw and will just continue to play.

[Betwrong]

I think withdrawal fees should not be higher than than the estimations on https://bitcoinfees.info/. Users should have been given an option to choose between different speeds/fees, which, for example, currently are the following:



If withdrawal fees were 5-10% higher than the figures from the site, I would be okay with that, but they should not be several times higher because indeed, it would  discourage crypto gambling, as the OP said.

[lixer]

Upto 0.0002btc seems to be a fair amount for withdrawal. These days most of the gambling websites aren't charging any big fees on withdrawal. Most of the time before withdrawing funds I used to go for a roll on dice or other games to compensate my withdrawal fee.

For me the amount needed for withdrawal is not really the problem, the idea is to successfully withdraw and also the web sites should be made friendly enough to enable us make wins when necessity lol. It might sound funny but this is exactly what I feel at the moment because the experience I have few days ago have left me speechless and out of words. I lost all the money on that site and until now I cannot explain what went wrong.

If that site made their withdrawal limit even 100k And I won and withdrew safely it wouldn’t mean anything to be but the withdrawal was 10k, which was not bad but I still lost all my money.

[imstillthebest]

Upto 0.0002btc seems to be a fair amount for withdrawal.

For me the amount needed for withdrawal is not really the problem, the idea is to successfully withdraw

You got a point here but example what if the gambling site has a high withdrawal fee let say it's 0.001 or higher , would you still like to withdraw on that site ?  The fees that i state as an example is possible and could be much higher than that if ever btc price rises again  .  

The amount of the withdrawal fee do actually matter dude  .  

The fee that I prefer should be around 1ksats or higher but it shouldn't be above 10k sats because that is already expensive anymore on my side  .

[Ryker1]

Well, that is probably fair I think if the withdrawal fee is around 2k sats. Even fixed fees but it is still low will also consider as low fees.
There are some gambling sites that you have an option of the fees. There are normal fees, low fees, and high fees and of course, it will occur what time will arrive upon of paying the fees, less amount you pay the longer time you wait. Indeed, there is a term and condition that you always search before you made a deposit.

[Oilacris]

Upto 0.0002btc seems to be a fair amount for withdrawal.

For me the amount needed for withdrawal is not really the problem, the idea is to successfully withdraw

You got a point here but example what if the gambling site has a high withdrawal fee let say it's 0.001 or higher , would you still like to withdraw on that site ?  The fees that i state as an example is possible and could be much higher than that if ever btc price rises again  .  

The amount of the withdrawal fee do actually matter dude  .  

The fee that I prefer should be around 1ksats or higher but it shouldn't be above 10k sats because that is already expensive anymore on my side  .

We cant really say that withdrawal fee doesn't matter yet not all gamblers would really be willing to pay up ridiculous fees.Knowing that not all gamblers
are rich nor wont care about the deduction of fees.Some of them will really keep an eye to this or considered as an important factor because high fees isn't
really that relevant on the possible small profit that they would able to win or make.

[adzino]

Personally I prefer the primedice approach: fixed low fee and in case of clogged mempool the site "take the hit".

I also accept a dynamic fee based on mempool state, or a priority approach (pay more if you are in a hurry)

What I do not consider fair is when only a huge fixed fee is proposed, like 0.001 BTC. That really discourage crypto gambling in my opinion.

The huge fixed fee is actually absurd. The best one is the one where we, the gamblers can decide what fee should be paid. Look at crypto-games.net. They have a slider where you can move it to set your own fee. The best part is, the also suggest you the recommended fee based on the current network situation. They also let you know that if you spend lower fees, the confirmation time will take ages.
Paying a fixed fee becomes totally useless for users who wishes to cash out small profits at a time.

[mich]

I just for my first time wanted to deposit BITCOIN to a exchange that I have never used before
Lucky for me I noticed they charge a percentage of your winnings which is just absurd
who on earth would agree to want to give part of your winnings to just get your winnings

[hahay]

The 1mBTC fees are huge and it seems like I won't play on that site but fortunately, I've never experienced it. So far I only need to pay fees at least less than $2 and I don't think that's a problem because the instant withdrawals offered are fair enough.