«»NEW«»Casinos Withdrawal Fees Rise (!?)|Sep. 2020«1Yr»Sep. 2021|2023?

[Timelord2067]

If a Casino offers the user the option of being able to set their own TX fees (admittedly, I haven't looked, so it may not be a thing) then a user can view one of the many TX fee estimator sites and get an idea what a reasonable TX fee for the time frame they want/need the funds in.

[FinneysTrueVision]

High withdrawal fees is one of the most annoying things about dealing with gambling sites. The mempool hasn't been to congested recently so fees have been somewhat reasonable lately but they are still overcharging by a lot. Optimizing their fees does not seem to be a priority. Freebitco.in's "slow" option is the best I have seen aside from a few which offer free withdrawals.

[madnessteat]

In a situation where the membool is heavily overloaded casino intentionally raises the commission on the withdrawal of funds that your transaction was quickly confirmed and just do not have time to change them when the membool is unloaded and the commission in the network are acceptable. I just wait for the commissions to go down and make a withdrawal.

[peter0425]

Imagine the fees when Bitcoin will touch 100k$ because in that moment, only rich people will gamble with Bitcoin and it no longer be played by casual players like me or you.

I don't think gambling site will go that far,because casinos online wont survive with only rich people playing.
they need additive  from small players,so adjustment will surely happen if ever price of Bitcoin reach that top and also gamblers may use altcoins for much cheaper playing,or else will back to Fiat as that is the only amount they can afford

[ralle14]

I don't think gambling site will go that far,because casinos online wont survive with only rich people playing.
they need additive  from small players,so adjustment will surely happen if ever price of Bitcoin reach that top and also gamblers may use altcoins for much cheaper playing,or else will back to Fiat as that is the only amount they can afford

Imo casinos can still survive with high rollers if the price becomes stable at $100k. They could retain the limits but if they want to appeal to the majority then they have to reduce the limit. A lot of bitcoin gamblers use bitcoin to avoid KYC so I doubt they'll switch to fiat and like you've said altcoins are cheap it's a good option and most of the popular bitcoin casinos accept altcoins.

[Russlenat]

I don't think gambling site will go that far,because casinos online wont survive with only rich people playing.
they need additive  from small players,so adjustment will surely happen if ever price of Bitcoin reach that top and also gamblers may use altcoins for much cheaper playing,or else will back to Fiat as that is the only amount they can afford

Imo casinos can still survive with high rollers if the price becomes stable at $100k. They could retain the limits but if they want to appeal to the majority then they have to reduce the limit. A lot of bitcoin gamblers use bitcoin to avoid KYC so I doubt they'll switch to fiat and like you've said altcoins are cheap it's a good option and most of the popular bitcoin casinos accept altcoins.

Of course, the fee would not be high for gamblers who are gambling a decent amount, at least they can still continue to enjoy the anonymous gambling where they cannot do in a fiat casino, so it's not really a problem, besides it's not only bitcoin that is accepted now, we still have altcoins and even stable coins and gamblers can still enjoy gambling anonymously.

[madnessteat]

I don't think gambling site will go that far,because casinos online wont survive with only rich people playing.
they need additive  from small players,so adjustment will surely happen if ever price of Bitcoin reach that top and also gamblers may use altcoins for much cheaper playing,or else will back to Fiat as that is the only amount they can afford

Imo casinos can still survive with high rollers if the price becomes stable at $100k. They could retain the limits but if they want to appeal to the majority then they have to reduce the limit. A lot of bitcoin gamblers use bitcoin to avoid KYC so I doubt they'll switch to fiat and like you've said altcoins are cheap it's a good option and most of the popular bitcoin casinos accept altcoins.

If the network is not scaled up and bitcoin reaches $100k the casinos will definitely be forced to move away from bitcoin and towards low-cost cryptocurrencies. I don't think casinos will spend about $30-50 on commissions. Or gamblers will wait longer for withdrawals.

[Maslate]

I don't think gambling site will go that far,because casinos online wont survive with only rich people playing.
they need additive  from small players,so adjustment will surely happen if ever price of Bitcoin reach that top and also gamblers may use altcoins for much cheaper playing,or else will back to Fiat as that is the only amount they can afford

Imo casinos can still survive with high rollers if the price becomes stable at $100k. They could retain the limits but if they want to appeal to the majority then they have to reduce the limit. A lot of bitcoin gamblers use bitcoin to avoid KYC so I doubt they'll switch to fiat and like you've said altcoins are cheap it's a good option and most of the popular bitcoin casinos accept altcoins.

If the network is not scaled up and bitcoin reaches $100k the casinos will definitely be forced to move away from bitcoin and towards low-cost cryptocurrencies. I don't think casinos will spend about $30-50 on commissions. Or gamblers will wait longer for withdrawals.

They will not move but they will certainly give another option which is the altcoins, it's bitcoin that made crypto casinos popular and it wills stay that way.
$30 to $50 is not really big if you are a high rollers who are gambling for $10,000 or more, and if you are not making frequent deposits and withdrawals.

[carlisle1]

Imo casinos can still survive with high rollers if the price becomes stable at $100k. They could retain the limits but if they want to appeal to the majority then they have to reduce the limit. A lot of bitcoin gamblers use bitcoin to avoid KYC so I doubt they'll switch to fiat and like you've said altcoins are cheap it's a good option and most of the popular bitcoin casinos accept altcoins.

We can see the gambling site that even there are VIP's and High Rollers still the contribution of Small players are there,because they are the one who fill the time of absence of those High rollers.
Not in all time those whale players are online and playing but the small gamblers are always there playing in different time schedule and Budget .so Basically the casino may survive but not as profitable as they are with the lower players.
So i'm confident that Casino owners will always consider them and will do the best to make them stay and don't go around local gambling places in their community .

[FIFA worldcup]

Although different gambling sites have different withdrawal fee's but can anyone tell me which gambling site take the most amount for the withdrawal from their site. I think the old gambling site will not charge us the most when it comes to withdrawals fee.

[Noctis Connor]

If a Casino offers the user the option of being able to set their own TX fees (admittedly, I haven't looked, so it may not be a thing) then a user can view one of the many TX fee estimator sites and get an idea what a reasonable TX fee for the time frame they want/need the funds in.

This is good idea, but other will just set it to lowest even the transaction will be that long to transfer it into your main wallet, most casino are becoming more expensive fee's one of the main reason is they needed it to support their monthly financial to keep their business running and also for protection for ddos attacks and other attacks, TX fee estimator is reasonable to apply in gambling sites but is this really good enough for them since bitcoin volume is increasing too.

[Maslate]

Although different gambling sites have different withdrawal fee's but can anyone tell me which gambling site take the most amount for the withdrawal from their site. I think the old gambling site will not charge us the most when it comes to withdrawals fee.

You can try sportsbet, I believe they still don't charge a withdrawal fee for every transaction, I haven't gambled in the site for like 4 months or more, but during that time, they don't charge a fee for every withdrawal, that's why I like to gamble in the site, but since the fee had increased now, I'm not sure if they still continue with their good feature.

[tyz]

Although different gambling sites have different withdrawal fee's but can anyone tell me which gambling site take the most amount for the withdrawal from their site. I think the old gambling site will not charge us the most when it comes to withdrawals fee.

As far as I know, there is no website which offers an overview of fees of gambling sites. The best way to figure out is to search for particular casino reviews on sites like bitcoinplay.net (I am not associated with this site) and look for the fees. They are currently listing 72 sites from where you can get a good overview. The impression given in this thread is deceptive. In my experience, there aren't many honest casinos that charge fees for withdrawals.

[KTChampions]

As soon as the Bitcoin goes and the fees remain the same, automatically you will pay extra $ in order to withdraw from the websites but this is only on certain sites. I would advice to switch to another currency because the fees depends from a cryptocurrency to another so find one who accepts TRON or DOGE.

Imagine the fees when Bitcoin will touch 100k$ because in that moment, only rich people will gamble with Bitcoin and it no longer be played by casual players like me or you.

I have several gamblers I know and I often read gambling discussions, so I am surprised by your assumptions. I thought that most of the gamblers have been operating according to this scheme for a long time: input/output in currencies like ETH, EOS, etc. and the game is in bitcoin.

[boyptc]

Imagine the fees when Bitcoin will touch 100k$ because in that moment, only rich people will gamble with Bitcoin and it no longer be played by casual players like me or you.

If you look at the $ value of the fee by that time, I agree that fees would be that much if we convert it during that time.

But if you see like 0.00001 - 0.0001 or 10 sats/byte today, it's not that expensive at all. There can be some conditions and changes that shall be applied at that time by most casinos like lowering it or having a based fee just as the same today.

It's not expensive but it will make you wait for awhile before your money will be credited, some of us wants instant especially on withdrawing our winning as we like to enjoy that right away. Personally, when I want my transaction to confirm fast, I increase the transaction fee, like 0.0001 fee or higher, that's equivalent to more than $1 and sometimes higher when the market is congested.

I want to receive it as soon as possible and just withdraw it.

But if there are gamblers out there and too conscious about the fees and they think that those differences at that much for them, they can wait until it's processed.

It's still different to have it with almost instant but with higher fee.

[Oilacris]

Imagine the fees when Bitcoin will touch 100k$ because in that moment, only rich people will gamble with Bitcoin and it no longer be played by casual players like me or you.

If you look at the $ value of the fee by that time, I agree that fees would be that much if we convert it during that time.

But if you see like 0.00001 - 0.0001 or 10 sats/byte today, it's not that expensive at all. There can be some conditions and changes that shall be applied at that time by most casinos like lowering it or having a based fee just as the same today.

It's not expensive but it will make you wait for awhile before your money will be credited, some of us wants instant especially on withdrawing our winning as we like to enjoy that right away. Personally, when I want my transaction to confirm fast, I increase the transaction fee, like 0.0001 fee or higher, that's equivalent to more than $1 and sometimes higher when the market is congested.

I want to receive it as soon as possible and just withdraw it.

But if there are gamblers out there and too conscious about the fees and they think that those differences at that much for them, they can wait until it's processed.

It's still different to have it with almost instant but with higher fee.

Most of us would really be having that kind of behavior on where we do much prefer on having almost instant withdrawal but since the network isnt really
always not on the calm side then expect that there would really be some changes in fees specially when its clogged.

Majority of gamblers are really keen when it comes to fees where everytime they do saw that theyre paying that too much then they do  rather decide
to held specially if there are no altcoin conversion options left.

So we should really be prepared in times like these because gambling sites do have mostly that dynamic fees.

[xSkylarx]

I think withdrawal fees only affect bitcoin so if you want to lessen the fees then convert it to another cryptocurrency. Some popular gambling platforms now offer that kind of thing. We can't avoid or blame the gambling website if the bitcoin withdrawal fee there increases. It's normal for that to happen if there are many bitcoin transactions going on the blockchain network.

[boyptc]

Most of us would really be having that kind of behavior on where we do much prefer on having almost instant withdrawal but since the network isnt really
always not on the calm side then expect that there would really be some changes in fees specially when its clogged.

Majority of gamblers are really keen when it comes to fees where everytime they do saw that theyre paying that too much then they do  rather decide
to held specially if there are no altcoin conversion options left.

So we should really be prepared in times like these because gambling sites do have mostly that dynamic fees.

Acceptance whenever that time comes is no brainer.

Whether we like it or not, if the price of bitcoin goes on high and we have no choice but to pay and choose whichever is recommended or what we prefer.

At least we get to accept it as early as now.

[maydna]

I think withdrawal fees only affect bitcoin so if you want to lessen the fees then convert it to another cryptocurrency. Some popular gambling platforms now offer that kind of thing. We can't avoid or blame the gambling website if the bitcoin withdrawal fee there increases. It's normal for that to happen if there are many bitcoin transactions going on the blockchain network.

It's always advisable for gamblers to use another cryptocurrency to withdrawal to avoid the fees, and I think many gambling websites are aware of that. The gambling sites realize that they can't only use bitcoin for their site, especially if they have many gamblers who play gambling on their site. Some of them add another cryptocurrency such as eos, tron, or another crypto in the gambling site while they already have ethereum, litecoin, and doge. I am sure the gambler will know what coin they should use if they don't want to use bitcoin for withdrawal.

[Russlenat]

I think withdrawal fees only affect bitcoin so if you want to lessen the fees then convert it to another cryptocurrency. Some popular gambling platforms now offer that kind of thing. We can't avoid or blame the gambling website if the bitcoin withdrawal fee there increases. It's normal for that to happen if there are many bitcoin transactions going on the blockchain network.

It's always advisable for gamblers to use another cryptocurrency to withdrawal to avoid the fees, and I think many gambling websites are aware of that. The gambling sites realize that they can't only use bitcoin for their site, especially if they have many gamblers who play gambling on their site. Some of them add another cryptocurrency such as eos, tron, or another crypto in the gambling site while they already have ethereum, litecoin, and doge. I am sure the gambler will know what coin they should use if they don't want to use bitcoin for withdrawal.

Most of the gambling sites now are accepting altcoins, and since altcoins now have a good volume or liquidity, it will make gamblers to be confident using an altcoins. However, though the fee is less and faster, we still can't eliminate the reality that there are people who doesn't want to convert, they want to solely gamble using bitcoin and they will take the fees, regardless of the amount.