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Author Topic: What withdrawal fee do you consider as fair in gambling sites?  (Read 733 times)
erikalui
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September 03, 2019, 03:04:17 PM
 #101

Sites which I have used have a fee as low as 0.0002 which is fixed and their transactions get confirmed within 5-10 mins max. 0.001 BTC is usually charged by exchanges and not gambling sites. Better to avoid such websites unless you are wagering and withdrawing big amounts.

Primedice used to have 0.004 BTC as the minimum amount to withdraw and huge fee earlier but now it seems they reduced it to 0.00005000 BTC. Do these transactions get confirmed soon?

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September 03, 2019, 04:03:05 PM
 #102

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.

It is not very ethical for the gambling sites to charge BTC0.001 as withdrawal fee for a single transaction, as the current rates are 1/20th of that amount for priority transactions and 1/100th of that for normal transactions. How can they charge 100 times that of the prevailing rates? Also, most of the sites do bulk transactions, which reduce the manpower and time needed to process these withdrawals.
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September 03, 2019, 04:39:59 PM
 #103

like 0.001 BTC.
Not the best withdrawal fee to think off. This is almost $11. For me the best withdrawal fee and the most reasonable is half of your given price. Gambling sites shouldn't be like exchange. Exchange right now are collecting big amount of fee from its users. It's very discouraging to use a platform with that rule.




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September 03, 2019, 05:06:53 PM
 #104

Windice do have a adjustable one when you do tend to make a withdrawal

"We use smart fee policy, and system determines the balance between price and speed of transaction. This will ensure transaction being fast and cheap. Fee is limited by cap 0.0002"

I do prefer on having this way.

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September 04, 2019, 04:51:39 AM
 #105

like 0.001 BTC.
Not the best withdrawal fee to think off. This is almost $11. For me the best withdrawal fee and the most reasonable is half of your given price. Gambling sites shouldn't be like exchange. Exchange right now are collecting big amount of fee from its users. It's very discouraging to use a platform with that rule.
True, 0.001 BTC is quite high for gambling site. Maybe 0.0002 like what someone tell above still on fair place. If exchanger have a lot of fees from people's trading activity, maker, taker takes fee, and usually they take 0.001 BTC for withdrawal fee. I think for gambling it is too high.

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September 04, 2019, 05:12:23 AM
 #106

like 0.001 BTC.
Not the best withdrawal fee to think off. This is almost $11. For me the best withdrawal fee and the most reasonable is half of your given price. Gambling sites shouldn't be like exchange. Exchange right now are collecting big amount of fee from its users. It's very discouraging to use a platform with that rule.
True, 0.001 BTC is quite high for gambling site. Maybe 0.0002 like what someone tell above still on fair place. If exchanger have a lot of fees from people's trading activity, maker, taker takes fee, and usually they take 0.001 BTC for withdrawal fee. I think for gambling it is too high.
It's rare to see gambling sites which only charges 0.0002 for their withdrawal fee as well as in trading. 0.001 btc is usual for both platfrom and is also ideal. For me it's fair for gambling sites specially for those high volume gambling sites. Comparing to trading; I believe that it's still more expensive in trading since they charges trading fee too aside of withdrawal fee.
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September 04, 2019, 06:11:58 AM
 #107

It's rare to see gambling sites which only charges 0.0002 for their withdrawal fee as well as in trading. 0.001 btc is usual for both platfrom and is also ideal.
For me it's not ideal, 0.001 BTC is too much for small time gamblers, and most gamblers in crypto space have a lot of small time gamblers.
0.001 BTC withdrawal fee is even high for exchanges, Binance as one of the most popular only charge 0.0005 btc, and I think that's the normal fee in an exchange. Hey, try to gamble at sportsbet, they don't have withdrawal fee, everything is free.

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September 04, 2019, 06:23:40 AM
 #108

like 0.001 BTC.
Not the best withdrawal fee to think off. This is almost $11. For me the best withdrawal fee and the most reasonable is half of your given price. Gambling sites shouldn't be like exchange. Exchange right now are collecting big amount of fee from its users. It's very discouraging to use a platform with that rule.
True, 0.001 BTC is quite high for gambling site. Maybe 0.0002 like what someone tell above still on fair place. If exchanger have a lot of fees from people's trading activity, maker, taker takes fee, and usually they take 0.001 BTC for withdrawal fee. I think for gambling it is too high.

0.0002 btc is the best fee of withdrawal for the gamblers because that fee is not too high. Besides that, if we could only win 0.001 btc and the fee is too high, it is not worth to withdraw because we only get small money from that. As long as the fee of withdrawal is not more than 0.0005 btc, I think it is fair enough. But some exchange has been used 0.001 btc for the fee and that will not good for them as people want to use small fee for the withdraw.

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September 04, 2019, 07:51:02 AM
 #109

Of course no one will consider a huge fee when it comes gambling wherein it always fixed and low fees in my opinion .  Because gambling is not an easy way to make money.  So we really need to find some provably fair gambling site that always offer lowest fee .because it's very unfair if we gamble and after that, we need to pay a huge fee when it comes withdrawal.
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September 05, 2019, 05:48:25 AM
 #110

Of course no one will consider a huge fee when it comes gambling wherein it always fixed and low fees in my opinion .  Because gambling is not an easy way to make money.  So we really need to find some provably fair gambling site that always offer lowest fee .because it's very unfair if we gamble and after that, we need to pay a huge fee when it comes withdrawal.
Honestly it is painful. Gambling is not easy on its own, only for one to win and be asked to make some irrelevant charges. I feel very bad each time I am in a position to make this payment. These gambling sites make a lot from the gamblers and leaving withdrawal charges is the lowest they can do for players and I really don’t know why no site can come up with this.

In my opinion, since they cannot make it free, they should at least give the lowest prices and charges, and also make the gambling site very convenient with varieties of games, this way, we would be encouraged  to keep on with the site not minding the withdrawal fees.

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September 05, 2019, 08:14:25 AM
 #111

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.
I think so, most gambling sites do not really provide a large nominal fee that is burdensome for players, instead exchanges that give very expensive fees. Gambling sites are still reasonable in taking fee withdrawals and I do not pay too much attention to the fee  when I get big win in gambling
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September 05, 2019, 09:13:05 AM
 #112

I personally prefer gambling sites which allows their customers to choose the withdrawal fees from a few options, as customers who are not in a rush to receive their money could always choose the lowest withdrawal fee option and thus they would be able to save some money on the withdrawal fees. And for the group of customers who always prefer to receive the money as fast as possible into their crypto-currencies wallet, they could always choose the highest withdrawal fee option.

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September 05, 2019, 10:05:33 AM
 #113

Of course no one will consider a huge fee when it comes gambling wherein it always fixed and low fees in my opinion .  Because gambling is not an easy way to make money.  So we really need to find some provably fair gambling site that always offer lowest fee .because it's very unfair if we gamble and after that, we need to pay a huge fee when it comes withdrawal.
Honestly it is painful. Gambling is not easy on its own, only for one to win and be asked to make some irrelevant charges. I feel very bad each time I am in a position to make this payment. These gambling sites make a lot from the gamblers and leaving withdrawal charges is the lowest they can do for players and I really don’t know why no site can come up with this.

In my opinion, since they cannot make it free, they should at least give the lowest prices and charges, and also make the gambling site very convenient with varieties of games, this way, we would be encouraged  to keep on with the site not minding the withdrawal fees.

Basically any gambling sites can make it free, there are some casinos charges no withdrawal fees as I have mentioned days ago in this thread. Of course every casino has their own policy about this, as players we can only suggest them if we see that the withdrawal fee is too expensive or too cheap. Sometime too cheap does matter for gamblers because it may result in long time confirmation process. The best option for gambling site is basically by giving option to their players to choose the amount of the fee based on the latest network condition.

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September 05, 2019, 12:07:59 PM
 #114

I often make withdrawals on the Windice site. Low-cost withdrawal of Bitcoin, dogecoin, eth and ltc. It's just that the minimum withdrawal is still large, I have to play again to reach the minimum withdrawal. The withdrawal fee is very low in my opinion.
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September 05, 2019, 12:37:25 PM
 #115

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.
I want to throw a simple question to you and I hope you may find time to give me an answer. Do you think there is anything wrong with walking into a supermarket to demand for free products, just because you believe they make so much? Also would you ask a bank no to remove debit charges because they make money? Of course no, so why do you think those who want free withdrawal aren’t greedy? It could be little and not fixed or if at all a fixed amount, it should be very small but free is definitely not possible since it is a business and a lot is spent on running s nice casino site.

All I care about is for the fee to be fair enough and considerable because I understand that there are still expenses done on the side of the casinos.
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September 06, 2019, 09:14:16 AM
 #116

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.

Don't you think why gambling sites charge little to no fees is due to huge amount they make from gamblers?

Well, there are quite a number of exchanges with extremely low fees. They are mostly decentralized exchange.

I honestly don't understand why some (or most?) exchanges charge so much in fees. They charge trading and withdrawal fees. The withdrawal fees are usually the highest.
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September 06, 2019, 11:26:53 AM
 #117

-snip-
Don't you think why gambling sites charge little to no fees is due to huge amount they make from gamblers?
...............

not all are gambling sites have low fees  .  there are some that have a high fee compare to the other gambling sites that id visited with   . same as with exchanges  . its only up to the owner if he will set a high fee or a low fee but good looking sites usually have a high fee, this is to make thier service even more gooder ( or in other words to be fast and less hassel )  .
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September 06, 2019, 11:33:39 AM
 #118

-snip-
Don't you think why gambling sites charge little to no fees is due to huge amount they make from gamblers?
...............

not all are gambling sites have low fees  .  there are some that have a high fee compare to the other gambling sites that id visited with   . same as with exchanges  . its only up to the owner if he will set a high fee or a low fee but good looking sites usually have a high fee, this is to make thier service even more gooder ( or in other words to be fast and less hassel )  .

Really? what's the range of high fee based on your experience.
I think good site does not charge high fees because they are already making a lot of money coming from bets, with low fee, they will be able to attract a lot of gamblers as what makes a gambling site more successful is the volume of traders coming in to play than the amount of bet they will put.

Let's put it this way, if that gambling site has a small gamblers but big time gamblers, that's not good for the site as anytime these gamblers might leave and there's a big effect on its profitability.

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September 06, 2019, 12:08:12 PM
 #119

I often make withdrawals on the Windice site. Low-cost withdrawal of Bitcoin, dogecoin, eth and ltc. It's just that the minimum withdrawal is still large, I have to play again to reach the minimum withdrawal. The withdrawal fee is very low in my opinion.
There is no question with Windice site cause they fairly follow what gamblers tend treat with fair and acceptable fees. We only have some problem with the others which setting to the high fees. Isn't a big deal for big traders but for starters and low capital gamblers wouldn't be a fair for them.
...0.0001BTC will be good for me.

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September 06, 2019, 12:28:21 PM
 #120

I often make withdrawals on the Windice site. Low-cost withdrawal of Bitcoin, dogecoin, eth and ltc. It's just that the minimum withdrawal is still large, I have to play again to reach the minimum withdrawal. The withdrawal fee is very low in my opinion.
Yes this is best site it gives confidential rating with giving small withdrawal fees and it allows to give good earning in games as well. While using bitcoin just stay careful the fees must be low but before and after withdrawal just check your bitcoin also count the withdrawal coins fees while getting these kind of websites.
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