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

[perla]

Will pick on dynamic. But make on minimal withdraw limit because we as user know to send bitcoin for now need many for fees too. Maybe 0.0001 BTC for minimal of 0.0005 BTC withdrawal limit is already good. At least people wouldn't make a lot of withdrawal request because of that limit of minimum we can withdraw from a site. At least it is less than exchanges which usually make 0.001 BTC for withdrawal fees.

[Capt00]

Fees may vary depending on the value of Bitcoin in the market. Will it glad to have a fix withdrawal fee in all gambling sites but they never have. We have to understand how mining blocks is getting and having 0.0001btc is good to me, it is a fair price already. But it could be much better if it is below to 10k satoshi. We all know fees really matter to us and one thing we look at before we used this site.

[rodel caling]

A lot of site is have a fixed pay rate but  huge or small amount withdrawal is same pay charge so is better to keep small amount before withdrawing until reach the limit withdrawal for thatnis good strategy to avoid shouldering the huge withdrawal fees for every transaction we made.

[kaya11]

0.001 BTC.

Thats 10$. Currently:

Next Block Fee: fee to have your transaction mined on the next block (10 minutes). $0.30
6 Blocks Fee: fee to have your transaction mined within six blocks (1 hour). $0.05

It means that in 10$ withdrawal fee there is 9.70 $ profit for casino. Is it fair? Is gambling fair with 97 % output out of every bet on average? I'd say it's fair because you enter the game knowing its rules. You are doing it on your own free will ... unlike taxes . For it is uncomfortable for customers and probably scares off a certain percentage of them.

Rocked.run has only 0.0001BTC withdrawal fee on BTC. Mintdice 0.0002BTC. Those are good rates that customer is willing to pay without the feeling of being cheated.

It's fair for me I guess, well I don't know for the guys who withdraws with huge amounts, I think some will have slight discussions on why is it that so. For the meantime it is the best we can got and I hardly see people complaining about it, and of course in my case the site that I am using gives me what I need so it's no problem at all.

[vintages]

0.001 Btc?! That is too much for this recent Bitcoin price though.
If any gambling site I'm playing on make a withdrawal fee this high, that will be the last of me playing there or else if the amount I'm withdrawing is huge.
What will then happen if it is that same amount that I want to withdraw.
I think, withdrawal fee should be based on the amount you want to withdraw and shouldn't be fixed. Because some gambling sites are using fixed withdrawal fee to rip off their players.

[zhekinsp]

A lot of site is have a fixed pay rate but  huge or small amount withdrawal is same pay charge so is better to keep small amount before withdrawing until reach the limit withdrawal for thatnis good strategy to avoid shouldering the huge withdrawal fees for every transaction we made.

Small or large fee not matters but why they keep fixed fee?

They need to set the fee of actual miner fee if they want to support the people gambling in their site by doing this they are not making profits when people withdraw from their site and also it will make that gambling site to be instant withdrawal based on the fee what we are setting.

[Vaculin]

I think, withdrawal fee should be based on the amount you want to withdraw and shouldn't be fixed.

That's not fair for those who have big withdrawals as well, the blockchain process transaction regardless of the amount and you just choose the fee you want to pay, the site knows that, usually they pay a fix blockchain fee that's why they also charge a fix fee regardless of the amount of withdrawal but they charge higher because they also make money on people who like to regularly withdraw.

[bering]

I personally more liked fixed withdrawal fee so whatever amount would be withdraw whether it low or high amount of bitcoin then the amount of fee will not change and approximately 20k to 50k satoshi for every transactions will be reasonable for me

[Betwrong]

I personally more liked fixed withdrawal fee so whatever amount would be withdraw whether it low or high amount of bitcoin then the amount of fee will not change

As far as I know, withdrawal fee never depends on the amount you want to withdraw. I have never seen such a thing on any gambling site I was playing on. It's either a fixed one or a floating one, depending on the current Bitcoin transaction fees.

and approximately 20k to 50k satoshi for every transactions will be reasonable for me

Those are very high fees for the current situation. Why would you agree to them when they should be 7-8 times smaller, currently?

[barbara44]

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.

I think that is exactly who you are and your friend is definitely not wrong. It is a business for crying out loud and it wont be wrong if they use any means possible to make their money after all, they didn’t force anyone to play on their site, you chose to do so, so you should be willing to keep up to their rules and standards.

The only aspect I am not too cool with on gambling sites is having a fixed amount. This wouldn’t give players the right to other options, I sometimes wish i had options to choose from sometimes when I am to withdraw and I feel bad having to accept the stated percentage been requested by the site without considering gamblers opinion.

[jhongzjhong]

I personally more liked fixed withdrawal fee so whatever amount would be withdraw whether it low or high amount of bitcoin then the amount of fee will not change

As far as I know, withdrawal fee never depends on the amount you want to withdraw. I have never seen such a thing on any gambling site I was playing on. It's either a fixed one or a floating one, depending on the current Bitcoin transaction fees.

Correct, that does not depend on the amount of bitcoin that you want to withdraw. Because the withdrawal fee is already fixed on gambling site, either they will have an option lower, higher or a normal transaction fee, you can choose the higher which is expected high fees compared to normal fees(if you are in a hurry you can choose higher fees option). I don't know if 20k-50k sats will reasonable fees, probably that was a too much fee. You can always check the gambling website before having any deposit to avoid a possible problem.

[TheNewAnon135246]

FortuneJack has no withdrawal fee, which is really customer friendly imo. Either that or just charge the miner fee.

[qwertyup23]

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.

One thing that avoid in gambling sites is wherein the fee is proportionate to your total cash-out value. At hindsight, one might think that the fees are low but it starts to skyrocket once you deposit cash, gamble, and withdraw in a consistent basis.
As for my standards: I only look for these two (2) specific qualifications in terms of withdrawal fee:

• Fixed withdrawal fee and;
• Active community and customer service

.

Without those two qualifications, I would seriously consider my decision and eventually, move on to another gambling site. But I am highly flexible when it comes to these qualifications though.

[jostorres]

FortuneJack has no withdrawal fee, which is really customer friendly imo. Either that or just charge the miner fee.

I am hearing this about fortune jack for the very first time and i must confess they are awesome for this singular act. I always heard of the site but never visited but this is act just got them a new player and i will do well to recruit new gamblers on that site.

It has been my wish that gambling site makes the withdrawal fee free, it doesn’t reduce the site in any way. These people make good money and not collecting fee from withdrawals will not affect the sites growth in any way and moreover this would even make more gamblers want to play on the site just like i am about doing now. I have just become a big fan of fortune jack for this single news i have heard about them.

[peter0425]

10k-20k satoshis is fine with me. But more than that, there should be a good reasoning why they are charging higher fees. Either the transaction is faster than a regular btc transaction or the user chose the priority level, which is the most expensive option.

I think depending on how much the withdrawals is,because what if you get to win the jackpot and still 20k Satoshi ?thats even lower and unfair for the gambling site
Maybe better if that’s the minimum fees and may occur changes depend on how much The withdrawals and I guess maybe 2-5% of the total amount is enough for me,and also enough for the site as well

[acroman08]

0.001BTC=10$
In my country I can feed my self with that for a week. 10$ as a fee is too much. I know there are sites that has a high fixed fee
and I never consider playing on a site that has a fixed fee unless if the fixed fee is reasonable enough.

10k-20k satoshis is fine with me. But more than that, there should be a good reasoning why they are charging higher fees. Either the transaction is faster than a regular btc transaction or the user chose the priority level, which is the most expensive option.

I think depending on how much the withdrawals is,because what if you get to win the jackpot and still 20k Satoshi ?thats even lower and unfair for the gambling site
Maybe better if that’s the minimum fees and may occur changes depend on how much The withdrawals and I guess maybe 2-5% of the total amount is enough for me,and also enough for the site as well

I think it is unfair for the player. the player doesn't get anything if they lost to the gambling site. also a gambling site rarely lose and for them to have a fixed 2-5% withdrawal rate from the
total amount of the winnings is not fair.

[jrrsparkles]

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.

One thing that avoid in gambling sites is wherein the fee is proportionate to your total cash-out value. At hindsight, one might think that the fees are low but it starts to skyrocket once you deposit cash, gamble, and withdraw in a consistent basis.
As for my standards: I only look for these two (2) specific qualifications in terms of withdrawal fee:

• Fixed withdrawal fee and;
• Active community and customer service

.

Without those two qualifications, I would seriously consider my decision and eventually, move on to another gambling site. But I am highly flexible when it comes to these qualifications though.

Proportionate fee doesn't depend on the value of your withdrawal its just based on the current memepool status,so you will get less fee when the memepool is empty.Even if it is clogged then low chance to pay a withdrawal fee like 0.001BTC for a transaction so you need to consider your terms while looking for the gambling sites.

[ralle14]

I am hearing this about fortune jack for the very first time and i must confess they are awesome for this singular act. I always heard of the site but never visited but this is act just got them a new player and i will do well to recruit new gamblers on that site.

It has been my wish that gambling site makes the withdrawal fee free, it doesn’t reduce the site in any way. These people make good money and not collecting fee from withdrawals will not affect the sites growth in any way and moreover this would even make more gamblers want to play on the site just like i am about doing now. I have just become a big fan of fortune jack for this single news i have heard about them.

On fortunejack they have a rollover on deposits the profit they get from those rollovers would easily cover the withdrawal fee so it's unlikely they'll be affected by the free withdrawals.

I think depending on how much the withdrawals is,because what if you get to win the jackpot and still 20k Satoshi ?thats even lower and unfair for the gambling site
Maybe better if that’s the minimum fees and may occur changes depend on how much The withdrawals and I guess maybe 2-5% of the total amount is enough for me,and also enough for the site as well

Having 2% - 5% of the total withdrawal as transaction fee isn't good for the players it's similar to a fix fee and to have a higher fee you're forced to withdraw more..

[pixie85]

The variable rate based on the current network fees is fair for both the client and the casino. I also like 2 options which are instant withdrawal higher fee and a lower fee delayed withdrawal. It's all fine as long as you can see they aren't trying to rip you off.

You can spot a site ripping you off if you go to https://bitcoinfees.earn.com/ and see that the next block transaction costs is x and the site is asking for 10x or 5x.

[noormcs5]

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.

When Bitcoin was around 3000 to 4000 dollars the gambling sites just 0.001 or 0.0005 BTC as withdrawal fee.   That was quite normal and justified.
But then Bitcoin reached 10000 to 12000 dollars and they still charge the same amount of fee in satoshi value which amounts to $10 to $5  which is quite high.
I think with the current Bitcoin price, the withdrawal fee should not be more than 0.0002 BTC.