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

[alexrossi]

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.

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[Tytanowy Janusz]

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.

[carlfebz2]

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.

[jrrsparkles]

In bustadice the withdrawal fee keep changing based on the current traffic on blockchain and there is two options for us to pick like withdrawal and instant withdrawal,these fees are always acceptable than the fixed high withdrawal fee.

[BitcoinGirl.Club]

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.

[DarkDays]

Fixed fee sites are a no go, especially when this fee is extortionate. But then again, I don't expect the casino to take the hit when the network is busy either. People should be able to simply choose their own fee, either by directly entering which fee they want to use, or by selecting different tiers (e.g. low, medium and high).

Personally, I'd like to see an exchange that gives people to option to automatically convert their cryptocurrency into a low fee alternative, e.g. Bitcoin to Litecoin, which could help out when trying to withdraw small amounts.

[milewilda]

Setting aside i do remember Hitbtc exchange with having a fixed fee of 0.001 BTC for a very long time which is $10 at the moment.
So far with gambling sites they do majority had low fees and some do have adjustable depending on users preference.
Bitdice currently had 0.0001 btc fee for withdrawal.

[ralle14]

Whenever I withdraw my bitcoins from a gambling site the best one is to have some options in picking the right fees between low to high because there are times when i'm not in a hurry then there's also times when I need a transaction to be confirmed in the next couple of blocks. If all of the gambling sites I use have a fixed fee the fair withdrawal fee for me is BTC.0001 or less because most of the time the network isn't busy.  

[jrrsparkles]

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

We all knows that for a bitcoin or crypto currency transaction there should be a miner fee to confirm the transaction then how it is possible to send our bitcoin without any fee?

I am not sure how sportbet was doing this? Just doing this as complementary while people withdraws and pay from their pocket?

[javadsalehi]

Withdrawal fee in gambling websites and also exchanges should be the amount they pay for confirmation. They usually consider the fees many times the fee they pay. It's not fair.
They can also allow the users to choose how much they want to pay. But they should consider a minimum amount based on network condition.

[felicita]

i think on fortunejack there is no withdraw fee ?
But sadly the most other casinos where iam playing have fixxed fees like 0.001 XD


regards

[sunsilk]

0.001BTC fee? that's totally huge. I remember that I paid that much but not with a casino but with an exchange.

With the dynamic fees, we have the chance to pay the fee at a very low amount depending on how's the network doing but sometimes it also increase but not that much. And this is a very well appreciative system if you've been gambling with a casino that has this feature in withdrawal.

[bisdak40]

i think on fortunejack there is no withdraw fee ?
But sadly the most other casinos where iam playing have fixxed fees like 0.001 XD

Huhh, 0.001 withdrawal fee is huge and it's even bigger than withdrawing from an exchange because it's only 0.0005 BTC withdrawal fee on Binance. I would not play on that exchange if that's is their rule on withdrawing our funds. With Sportsbet where i bet it's zero withdrawal fee and should continue to attract customers.

[stfN2128]

i prefer the lowest possible fee with a decent confirmation time. i doubt that a withdrawal on a gambling site is needed after 1 minute... i think all of us can wait for a few more minutes to get the payment confirmed. i hate it when casinos make a lot of money with withdrawal fees. they got their house edge to make money.

[Distinctin]

There's no way I would play in a gambling site with BTC0.001 withdrawal fee per transaction, that's too huge, even higher than most exchange with only BTC0.0005 withdrawal fee, I know they are in different industry but I just like to compare.

Anyway, you are promoting sportsbet, I think they have the best withdrawal process which are instant and free, that's why I like to play in that site.
But for other sites, since I don't really gamble much expect sports betting, I would be okay with a withdrawal fee within the range of BTC0.0001 to 0.0002.

[TimeTeller]

Whenever I withdraw my bitcoins from a gambling site the best one is to have some options in picking the right fees between low to high because there are times when i'm not in a hurry then there's also times when I need a transaction to be confirmed in the next couple of blocks. If all of the gambling sites I use have a fixed fee the fair withdrawal fee for me is BTC.0001 or less because most of the time the network isn't busy.  

Having options regarding withdrawal is really favourable to most players.
And yes, if you are not in a hurry, you can always opt to the lowest possible fee the site is charging.
But sometimes, it is disappointing if they are charging high fees and you see your transaction to have only few satoshis paid for that transaction.
But I understand that is part of the business, but they should consider also the sentiment of the players.
For me, utilization of lightning network for a certain gambling site would be a nice feature to address this high tx fees.

[Twinkledoe]

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.

[Thirdspace]

imo, 10k~25k satoshi is reasonably fair but with certain minimum withdrawal amount
they can do batch payment every 15 minutes to make withdrawal processing even more efficient
because without minimum withdrawal amount, people will just abuse it for whatever reason
perhaps extra option (priority) by doubling the fee for immediate processing or below minimum amount
some people are willing to pay extra to get their money in their wallets a.s.a.p.

[ralle14]

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

BTC.001 is too much for a single transaction there's no good reason for a casino to charge you BTC.001 just for the fees the highest fees that I paid recently was BTC.00027 from cloudbet.

But sometimes, it is disappointing if they are charging high fees and you see your transaction to have only few satoshis paid for that transaction.
But I understand that is part of the business, but they should consider also the sentiment of the players.
For me, utilization of lightning network for a certain gambling site would be a nice feature to address this high tx fees.

On nitrogensports they do it only because they're charging one free withdrawal on all their users every few weeks if they withdraw the second time they're charged with BTC.0001.

i think on fortunejack there is no withdraw fee ?
But sadly the most other casinos where iam playing have fixxed fees like 0.001 XD

Which casinos charges fees that high? Most casinos that I know charges fees lower than BTC.001

[mich]

With BITCOIN gambling it should be a common norm to not have to pay to get your money
This is why I use sportsbet and bitcasino which are both casinos who dont charge not even a single satoshi to get my money
And I can withdraw my money unlimited amounts of times