«»NEW«»Casinos Withdrawal Fees Rise (!?)|Sep. 2020«1Yr»Sep. 2021|2024!?

[Chikito]

Another way if casino haven't choice to exchange into altcoin is betting it again the amount of fee, make double or triple it . or withdrawing when Bitcoin price sideaway

I think this is another risk of gambling, we have to be ready when Bitcoin price climbing out of the moment and let's begin to manage a fee right now.

[KnightElite]

Another way if casino haven't choice to exchange into altcoin is betting it again the amount of fee, make double or triple it . or withdrawing when Bitcoin price sideaway

I think this is another risk of gambling, we have to be ready when Bitcoin price climbing out of the moment and let's begin to manage a fee right now.

I also have a concern in a certain online casino that I currently using because the withdrawal fee which for me is high become more expensive in these days but according to their support, it is a way for them to continue the operation because they say that they will incur losses if they will not adjust the withdrawal fee. I planned to move in other online casino that have lower withdrawal fee because for me it is really a matter even though the differences are not huge.

[Sanitough]

Another way if casino haven't choice to exchange into altcoin is betting it again the amount of fee, make double or triple it . or withdrawing when Bitcoin price sideaway

Even with the fee, you have to gamble with that, lol.. that's another thing man.

I guess we should not worry about the increase of fee, the amount stated in the OP is not really huge, as a gambler, we are willing to take the risk, so that increase of fee is something we can take.. you are right DroomieChikito , why not win an amount to pay the fee, problem solve my friend.

I think this is another risk of gambling, we have to be ready when Bitcoin price climbing out of the moment and let's begin to manage a fee right now.

Not a risk if we know how to manage that risk, if we think that the fee is something we can't take, why withdraw frequently? let your money sleep for awhile and just withdraw when the fee is already affordable.

[imstillthebest]

indeed we are already used to it and it happens when crypto price rise. depends on how much the rise of the coin , its withdrawal fee are going to be impacted  . good thing there are other coins that dont pump yet and their fees is still low like for example xrp but it also depend on the gambling site.

 if no light coins available atm on the casino where i play , id rather not withdraw or changed casinos  .

[Chikito]

I planned to move in other online casino that have lower withdrawal fee because for me it is really a matter even though the differences are not huge.

No problem it's your choice, but if you move into another casino you have to start from the beginning, learning how it works again and learning a chance to win again.

Not a risk if we know how to manage that risk, if we think that the fee is something we can't take, why withdraw frequently? let your money sleep for awhile and just withdraw when the fee is already affordable.

Not all people can manage the risk, as I know (like me) only know bet button 

[iv4n]

Fees can be a problem, especially when we withdraw. Sending fees can be adjusted, at the cost of waiting to get confirmed, like always lower fees more waiting, higher fees faster conformation.
There's no other cure for this than choosing some alt for gambling, and it's why I started to gamble with alts years ago. Alts like trx, doge, ltc and others are fast and with very low fees.

[Coin_trader]

The OP is concerned about big player but they are not really the most affected because transaction fee is fixed to all withdrawal amount so that minimal fee will not gonna hurt them. Small players is the most affected and suffering huge withdrawal fee. It's better to gamble using altcoin like $XRP because it's fee is very cheap no matter what is the price of BTC.

Some Casino has built-in exchange, Players there are very lucky because they can avoid huge transaction fee of BTC by converting in to altcoins that has lower fee.

[AicecreaME]

This is to be expected I guess, especially in this time of pandemic because people started to prioritize first their needs and they only gamble a little compare before, that's why the gambling site increases their withdrawal fees, because they have a business to keep running as well as families to feed.

Just like what you have mentioned, clearly they are taking the advantage to take back the profits or bankroll they lost during the first wave of the pandemic. And I guess you shouldn't probably playing gambling if you're being bother by the sudden rise of their withdrawal fees cause that just means you can't afford to lose what you have.

[erikoy]

You could ask OP on the official threads here if that gambling site is promoting it here also.I bet they too had good reason and answer for the sudden increase. As we all know that anywhere in this globe basic commodities always arises so does other things unending arise of prices even now with the pandemic.

Well, we have to move on accept probably there will be  good news after that and sense that we could expect better service and higher chances in winning games.

[Twinkledoe]

There is a relation to the current price rise of bitcoin and also because of the network congestion. I'll take the advice of others if you don't want to pay the increased fee for bitcoin withdrawals, you can always convert it to altcoins which have lesser fees.

But if your casino doesn't have an option or feature like that, you can set to the lowest priority but make sure that you're not in a hurry. We have no choice if fee increases but to do what fits the likes of you in withdrawal.

But I know one new casino here that the withdrawal is really high and no other options. So if you are a gambler who is conscious about the withdrawal fees, you need to check first their fees and options before sending any money to the casino. With the network getting congested, they really have no choice but increase their fees.

[plvbob0070]

Well, I don't usually gamble but that's also one thing that we can't avoid when the price of bitcoin increases. However, even with the increase, I still gamble with bitcoin just because I'm so used to it and I feel more comfortable using it that I don't bother using other coins regardless if bitcoin has a higher withdrawal fee.

Maybe also one thing that higher withdrawal fees is not bothering me much because I only gamble occasionally, meaning I don't have to make a lot of withdrawals. Also, the last time I made my withdrawal, it is not that high.

[dothebeats]

That's why it's hard to play on casinos these days due to the sudden spike in fees that they have implemented. Casinos that implement withdrawals with custom withdrawal fees are very rare and are much needed IMO especially if the players who want to cash out don't mind waiting for a few hours to get their coins in their wallets. I'm one of those who doesn't really give much thought on how long do I receive a transaction as long as I see it already on block explorers since I don't really use bitcoin/crypto much for spending, only just for gambling and ordering random stuff that I like. If they'd implement this, I'm sure this would be appreciated by a lot of gamblers since it might save them even more satoshis which they can use to further play on the platform.

[ralle14]

Some Casino has built-in exchange, Players there are very lucky because they can avoid huge transaction fee of BTC by converting in to altcoins that has lower fee.

From my experience you'd still take a hit by using their exchanges the conversion rates are significantly lower since they need to make a profit out of it. You're better off doing the trade in an actual exchange or wait for the right time if their fees are dynamic.

What if the casino's doesn't have the options to withdraw your funds in other coins? So it's either you:

(a) wait till everything settles down
(b) or withdraw it in batches, it might take long though and won't be instant (of course, there's no such thing as instant, you still need to wait for a couple of hours)

And a third option which is to man up and pay the fee since there are casinos that won't reduce their high fixed fees.

[Becky666]

This has been seen whenever the price of Bitcoin rise, so, no gambler should be shock when seeing this happening. As a gambler, gambling with Bitcoin has taught me several lessons from the beginning and have learned much. Most of my gambling platforms are those with options of altcoins and not just solely on Bitcoin only. Bitcoin rise always come alongside with different challenges which mostly affect it fees hugely.

The only way to avoid this bitcoin fees spike in the coming weeks and months is taking the appropriate decision now to change to gambling casinos platforms that allow altcoins as an option. Gambling casinos platforms with exchange still the best.

[kotajikikox]

I planned to withdraw the other day in one of the gambling site then it surprise me their fees to withdraw is expensive. Granted btc price increase these days so it's best also to use other coins which cater lower fees. Some site they have lower fees of 0.0002 btc from vipgame which is fine and some rate is 0.0005 which is high fees so some gamblers avoid using btc to withdraw and some avoid in playing online these days for the meantime.

It's bothering but understandable, fees are based from the network and casino house are mostly relying that from the situation.

Most gamblers knows it and some already choose to use other coins,
alternatives that have lower fees. They still enjoy the same game
but they ain't worry anymore with high fees.

[Shasha80]

It is not new if the price of Bitcoin increases, it will also increase casinos withdrawal fees. The popular way of dealing with this,
by using altcoins to withdraw from gambling sites. Coins like XRP, LTC and DOGE are the right choice to make a withdrawal.
Because withdrawal with altcoins is not only cheaper, but the process is also fast.

[Tipstar]

Casino withdrawals fees has rose sharply in last few months. I remember cashing out from bustabit at about 967 satoshis a few months ago while the last time I did, the fees were about 50K satoshis. Even at the time of writing the fees are 4.5K saotshis. They have a flexible approach to fees and those fees are for slow withdrawals.

[nakamura12]

Try to contact the owner of the casino that you have found increasing their withdrawal fees. There are some gambling site thta have fixed withdrawal fees due to a reason. Asking would be the best choice to do if the casino did increase their withdrawal fee or try gambling on a casino that accept different cryptocurrency.

[Rosilito]

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That is why, it would be more appropriate to withdraw at least 0.03 - 0.05 amount of bitcoin on a regular basis whenever the mempool is congested.

It is supposed to be when mempool is "not" congested, right? Or did I have the wrong idea?  

There is nothing we can do but wait until the mempool transaction declined or cash out big.

It is better to wait, than to risk insane fees. And so far, this seemed more practical, in my opinion, specially when you're not rushing anything. Since it will be confirmed, after all.

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It's bothering but understandable, fees are based from the network and casino house are mostly relying that from the situation.

I agree, it is just an assurance for your transaction to come in no time on its designated address. Besides, if you're not fond of converting your stuff into altcoins (since it is an extra work, or for whatever reason) , then better take into consideration what @Maus0728 said above. It will be just a waiting game, you're going to deal with  .

[peter0425]

Try to contact the owner of the casino that you have found increasing their withdrawal fees. There are some gambling site that have fixed withdrawal fees due to a reason. Asking would be the best choice to do if the casino did increase their withdrawal fee or try gambling on a casino that accept different cryptocurrency.

There nothing wrong asking them, they might adjust if they are capable of.

Or, your other options are also good if you want to prevent such high fees, you can use other coins
that also accepted from the gambling place that you are playing,
but if not you can always find other reputable gambling house that allows you
to use  alts to play your favorite games.