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

[JohnBitCo]

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.

The withdrawal fee amount does matter the gamblers.  When the fees is high many gamblers will not like to withdraw the amount from the gambling sites often.  They prefer to keep their winnings and savings within the gambling sites which is in one sense good for the gambling sites itself.  Secondly if anyone want to withdraw small amount like $30 - $40 and paying $10 as transaction fee is not practically feasible.

[UmerIdrees]

We do only prefer 2 option which is;
-Dynamic
-Fixed low fee

I have seen some gambling sites that do have fixed fees no matter what the situation of the entire network specially going from high to low.

Even if you place of fixed low fee  as a withdrawal fee,  it may not fulfill the purpose because of the Bitcoin prices volatility. It is much better if the withdrawal fee is calculated in terms of dollars like there should be a fee of 1 to 1.5 dollars and it can be converted to the current Bitcoin prices at the time of withdrawal.  This method will be fair enough for the gamblers and the sites also.

[jrrsparkles]

We do only prefer 2 option which is;
-Dynamic
-Fixed low fee

I have seen some gambling sites that do have fixed fees no matter what the situation of the entire network specially going from high to low.

Even if you place of fixed low fee  as a withdrawal fee,  it may not fulfill the purpose because of the Bitcoin prices volatility. It is much better if the withdrawal fee is calculated in terms of dollars like there should be a fee of 1 to 1.5 dollars and it can be converted to the current Bitcoin prices at the time of withdrawal.  This method will be fair enough for the gamblers and the sites also.

Miner fees are not calculated interms of dollars so having the fixed withdrawal fee as some dollar is similar to the fixed bitcoin fee,the fair enough method is just calculate the fee dynamically based on the memepool status.

[nutildah]

"Free" should be standard for any decent casino. I can live with incredibly low and fair withdrawal fees, like Bustadice, but free withdrawal is ideal.

Other casinos (in addition to FortuneJack) that I use that pay your withdrawal fees:

BetChain
BitcoinPenguin
Nitrogensports (one per week)

Don't know about many others...

[noormcs5]

"Free" should be standard for any decent casino. I can live with incredibly low and fair withdrawal fees, like Bustadice, but free withdrawal is ideal.

Other casinos (in addition to FortuneJack) that I use that pay your withdrawal fees:

BetChain
BitcoinPenguin
Nitrogensports (one per week)

Don't know about many others...

You will not find many casino where you get no withdrawal fee other than the ones you stated above. The casinos make a lot of money and it should not be hard for them to pay this transcation fee. I remember in early 2016 when i used online wallet XAPO which used to give Tx free withdrawals but then as the bitcoin prices started to rise, it was no longer feasible for the companies to bear this fee.

[nakamura12]

I will consider it fair if a gambling sites have low withdrawal fee when you want to withdraw your funds. In my opinion, they can still earn profit even if they don't have withdrawal fee or low withdrawal fee since most gambling sites are in their favor in terms of earning money so it is fair enough for gamblers to pay less fee or no withdrawal fee.

[ralle14]

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.

Gambling sites don't adjust their withdarawal fee in terms of the current price, they only adjust it if their fixed fee isn't enough for most transactions.

But most sites that i've used have a very low fee and those who can charge a very high fee(above BTC.0005) usually have an option to use smaller fees.

[panjul07]

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.

The withdrawal fee amount does matter the gamblers.  When the fees is high many gamblers will not like to withdraw the amount from the gambling sites often.  They prefer to keep their winnings and savings within the gambling sites which is in one sense good for the gambling sites itself.  Secondly if anyone want to withdraw small amount like $30 - $40 and paying $10 as transaction fee is not practically feasible.

It does matter, when the fee is too high then gamblers wont even play on the site. Keeping or saving your bitcoin on the sites wont change anything as most likely you will gamble it away. Luckily, most gambling sites are now charging low withdrawal fees only so it wont be a big deal for gamblers to withdraw small amount of money. There are also some sites with no withdrawal fee at all, hopefully all gambling sites will charge no fees in the near future.

[Ryker1]

[snip]

You will not find many casino where you get no withdrawal fee other than the ones you stated above. The casinos make a lot of money and it should not be hard for them to pay this transcation fee. I remember in early 2016 when i used online wallet XAPO which used to give Tx free withdrawals but then as the bitcoin prices started to rise, it was no longer feasible for the companies to bear this fee.

Well, that is right. Every online casino has a withdrawal fee but before we deposit try to look first the Tos of the sites or even the FAQ so we know how much the fee they are going to deduct on your transaction in withdrawal. No one gambling site will cover the TX fee even though they will earn profit already on the site. Indeed, for me fixed low withdrawal fee is considered fair for me, no matter bitcoin price will up or down the fee is already fixed.

[mindrust]

Withdrawal fees should be zero. No matter what the coin is. If your business can't handle those fees, it means you are not making enough profits and you need to try harder.

Some exchanges/casinos I know has either zero or close to zero fees which means it is possible. Whenever I see that $5 fee on btc, I starting to think that casino/exchange/whatever is trying to scam me because I definitely know it doesn't cost $5 to move bitcoins.

[AmoreJaz]

Withdrawal fees should be zero. No matter what the coin is. If your business can't handle those fees, it means you are not making enough profits and you need to try harder.

Some exchanges/casinos I know has either zero or close to zero fees which means it is possible. Whenever I see that $5 fee on btc, I starting to think that casino/exchange/whatever is trying to scam me because I definitely know it doesn't cost $5 to move bitcoins.

it is possible to have withdrawal fee of almost zero if they are using the lightning network. but if not, expect that they will charge you at least 5ksats. but the normal rate they are charging is in the range of 10k-20k sats.
more than that, start thinking why they are charging high fees. and if its not reasonable, stay away from that site. they might be doing something wrong in their operations.

[rdluffy]

In my opinion the most right thing to do is to let the user choose the fee like a regular wallet
If you need the money fast, pay more fees, if you can wait some time, just reduce the fees and you should be fine

I don't like the idea of high and fixed fees, in gambling sites and in exchanges to

[efialtis]

I also believe that withdrawals should generally be free, unfortunately many of those gambling operators still charge. My main bookie does not though and no fees is one of the reasons why I prefer to place my bets over there.

[jhonjhon]

I also believe that withdrawals should generally be free, unfortunately many of those gambling operators still charge. My main bookie does not though and no fees is one of the reasons why I prefer to place my bets over there.

Ideally, fees will be considered when you move a huge amount of BTC or whatever it is as a service charge. The same thing it happens in making a ride with a passenger jeep which we pay for after we brought us into our destination. Fees are what it helps them to survive, only we ask for a small charge and it will be fair for everyone and in both parties.

[Tungsten-1]

"Free" should be standard for any decent casino. I can live with incredibly low and fair withdrawal fees, like Bustadice, but free withdrawal is ideal.

Other casinos (in addition to FortuneJack) that I use that pay your withdrawal fees:

BetChain
BitcoinPenguin
Nitrogensports (one per week)

Don't know about many others...

Fee may actually vary from casino to casino. Like we have different fee being charged on different crypto exchanges. Same is the case with casinos too. One providing great services will charge you a bit high as compared to the one that does not provide you great services. I think there should be a set amount of it to be charged. It could also increase with rise in the cost of operations of casinos.

[sana54210]

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.

I don’t think I understand your definition of greed in this context. What is wrong is one desiring a free withdrawal fee and how that affect gambling business does. Are you aware that this people make a hell of money from gamblers or do you know what it means to constantly loose to a casino site? I want to believe you have never lost if you have, you will understand where the upper poster is coming from.

Basically, I would support any kind of fee, I would prefer there is no fee at all or very minimal. The most annoying ones are the fixed fees. This one to me is wrong, I think leaving players to options is more preferable.

[Haunebu]

Majority of the gambling sites that I gamble with charge little to no fees which is why this was never an issue for me. I usually withdraw only after I win a decent amount and I never faced any problems with withdrawals whatsoever.

Exchanges are far worse in comparison charging hefty fees whether BTC value is low or high. Gambling sites are much better in comparison.

[EdenHazard]

Withdrawal fee in gambling site?

I am with sportsbet.io from long time and they do not have any withdrawal fees. With cloudbet.com, they also do not have fees. With onehas.com, they do not have withdrawal fees for the first withdrawal in a week.

I did gamble in few other sites (nanogames and few I can not remember), not much but withdrawal fees was never a thing I seen. It's an immediate discouragement for me. I also dislike the exchanges, the amount they charge (0.001BTC or 0.0005BTC, it's just too much).

To answer your title: I think there should be a Zero withdrawal fees like sportsbet.io. They can give a minimum withdrawal requirement though.

That's true .. i think most crypto gambling sites applying a zero withdrawal fee unlike an exchange that i think recently actively making a crazy withdrawal charge.

I personally never play at a sportsbook/casino that takes withdrawal fee from customers , as far as i remember sportsbet.io , jetwin and fortunejack has no withdrawal fee.

But yeah if there's any .. i would'nt make much complain as long as it's on a range like $1 to $5 , that's okay. Still of course a free stuff always something that everyone wanted  .

[eternalgloom]

Miner fees are not calculated interms of dollars so having the fixed withdrawal fee as some dollar is similar to the fixed bitcoin fee,the fair enough method is just calculate the fee dynamically based on the memepool status.

Mistakes can still happen when taking that approach.
While it's good to have a dynamic fee suggestion, one should also have the option to add a slightly higher fee.

Many gambling sites do have an approach similar to this, but usually with some sort of fixed fee.

[barbara44]

Fee may actually vary from casino to casino. Like we have different fee being charged on different crypto exchanges. Same is the case with casinos too. One providing great services will charge you a bit high as compared to the one that does not provide you great services. I think there should be a set amount of it to be charged. It could also increase with rise in the cost of operations of casinos.

You are very right and this is the aspect so many of us are not getting right. Different sites operate with different cost and it will be wrong an quite difficult for all sites to do the same thing or have same the same amount of withdrawal fee. Let’s learn to understand that some casino sites actually offer better services and we would not expect them to give same rate with what some other casino sites are giving, it is optional and this is the reason for a lot of sites out there, if you don’t find the conditions and withdrawal fee of one suitable for you, you are entitled to looking out for others, but we cannot impose our desires on a casino site.

I for one, I prefer a site that would give me an affordable withdrawal fee but then I would not mind paying more if safety is guaranteed on same site.