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

[boyptc]

This is just a random thought.

If most of the gambling sites does not benefit from all these large transaction fees then why they are not integrarating the Lightning Network on their site? Though I am aware that it needs a lot of work in terms of technicalities involved in changing the whole backend and frontend code but isn't it that if at least they manage to integrate LN, the gambling platform could somehow gain traction for new players/clients?

Another pros is that we can also experience and practice making transaction over the Lightning Network which I think is a good experience.

Am I missing something why only few of them is using it?,

Very on point thought.

I think LN is still not that common and the casinos may adopt it but many of their users won't consider it. That's just also my thought about it. It's possible that we'll see adoption of LN through casinos could be a few more years.

If they see a demand for it, they'll absolutely add it.

[Natalim]

This is just a random thought.

If most of the gambling sites does not benefit from all these large transaction fees then why they are not integrarating the Lightning Network on their site? Though I am aware that it needs a lot of work in terms of technicalities involved in changing the whole backend and frontend code but isn't it that if at least they manage to integrate LN, the gambling platform could somehow gain traction for new players/clients?

Another pros is that we can also experience and practice making transaction over the Lightning Network which I think is a good experience.

Am I missing something why only few of them is using it?,

Very on point thought.

I think LN is still not that common and the casinos may adopt it but many of their users won't consider it. That's just also my thought about it. It's possible that we'll see adoption of LN through casinos could be a few more years.

If they see a demand for it, they'll absolutely add it.

Some casinos starting to accept USDT already, I think that's their solution to avoid volatility which is the main problem for bettors whose intention is for sole gambling only. I also like the LN but as of this time I have never seen a popular site started adopting it already.

[dunfida]

This is just a random thought.

If most of the gambling sites does not benefit from all these large transaction fees then why they are not integrarating the Lightning Network on their site? Though I am aware that it needs a lot of work in terms of technicalities involved in changing the whole backend and frontend code but isn't it that if at least they manage to integrate LN, the gambling platform could somehow gain traction for new players/clients?

Another pros is that we can also experience and practice making transaction over the Lightning Network which I think is a good experience.

Am I missing something why only few of them is using it?,

Very on point thought.

I think LN is still not that common and the casinos may adopt it but many of their users won't consider it. That's just also my thought about it. It's possible that we'll see adoption of LN through casinos could be a few more years.

If they see a demand for it, they'll absolutely add it.

Some casinos starting to accept USDT already, I think that's their solution to avoid volatility which is the main problem for bettors whose intention is for sole gambling only. I also like the LN but as of this time I have never seen a popular site started adopting it already.

There are already some old and popular gambling sites that had integrated lightning network like Crypto.games  https://blog.crypto.games/2020/11/bitcoin-lightning-network.html

We do have viable options to take on if we are really trying to get rid of paying up higher fees due to network congestion.

[mindrust]

Some casinos starting to accept USDT already, I think that's their solution to avoid volatility which is the main problem for bettors whose intention is for sole gambling only. I also like the LN but as of this time I have never seen a popular site started adopting it already.

This is the first time I heard this. If that's true that will only increase the pressure on USDT.

This is big.

That means now USD can be used in illegal activities freely more than ever (even more than bitcoin) and that will surely speed up the process of tether's death. If the banks don't let the exchanges to have any bank accounts, don't accept any bitcoin's that's coming from a casino etc, why would they allow Tether? More importantly why would the FED allow this?

[dre1982]

Some casinos starting to accept USDT already, I think that's their solution to avoid volatility which is the main problem for bettors whose intention is for sole gambling only. I also like the LN but as of this time I have never seen a popular site started adopting it already.

And the withdraw fee for USDT for this casino's in very high. Some are around the 5 USDT for Standard fee (confirmation within 6 blocks).

For me that's way too high. Especially at casino's where the minimum withdraw is $20. Then you pay a quarter more to withdraw it.

[Natalim]

Some casinos starting to accept USDT already, I think that's their solution to avoid volatility which is the main problem for bettors whose intention is for sole gambling only. I also like the LN but as of this time I have never seen a popular site started adopting it already.

This is the first time I heard this. If that's true that will only increase the pressure on USDT.

This is big.

That means now USD can be used in illegal activities freely more than ever (even more than bitcoin) and that will surely speed up the process of tether's death. If the banks don't let the exchanges to have any bank accounts, don't accept any bitcoin's that's coming from a casino etc, why would they allow Tether? More importantly why would the FED allow this?

I don't know how the regulatory approach is, but it's true that some gambling sites are accepting USDT already.

These are just 2 sites I know.

https://sportsbet.io/support/payment-options
https://www.cloudbet.com/en/

[famososMuertos]

...///.....

Actually the focus is not that the casinos accept a certain currency or that users have those options, the point here at least on this topic is to get players to understand what is the fee they must pay and not what they impose, so It's not important whether it is a high roller gambler, the other significant thing is because some casinos offer alternatives and others do not, because there is no common line in simply assuming the fees, several Casinos they have this option or simply the simplest and the one that we can all surely reach A consensus is to be able to select the FEE that we want, low, medium or high priority.

Now as things are, everyone chooses the casino they want to play in bitcoin, but that is the debate here friends, not if I can deposit in a shitcoin for low fees.

Making transactions of any kind and in any business area is an important issue for bitcoin, I am not against at least the main Alts, but we are here for bitcoin fee.

[mindrust]

Some casinos starting to accept USDT already, I think that's their solution to avoid volatility which is the main problem for bettors whose intention is for sole gambling only. I also like the LN but as of this time I have never seen a popular site started adopting it already.

This is the first time I heard this. If that's true that will only increase the pressure on USDT.

This is big.

That means now USD can be used in illegal activities freely more than ever (even more than bitcoin) and that will surely speed up the process of tether's death. If the banks don't let the exchanges to have any bank accounts, don't accept any bitcoin's that's coming from a casino etc, why would they allow Tether? More importantly why would the FED allow this?

I don't know how the regulatory approach is, but it's true that some gambling sites are accepting USDT already.

These are just 2 sites I know.

https://sportsbet.io/support/payment-options
https://www.cloudbet.com/en/

Wow these casinos are completely paranoiac about the US players because of the US laws forbidding the US players from playing in foreign casinos and they let people deposit fake USD. That's pretty insane. And these are pretty famous casinos too.

Depositing Bitcoin on a casino is something (bitcoin casinos don't even need a gambling license to operate) , depositing USDT on a casino is something else completely.

[famososMuertos]

The "waters" are calm for both deposits and withdrawals, the low priority rate is taking hours even minutes, a good time for those users who have a pending withdrawal or deposit, take advantage just now, this can last minutes.  


^{Source: mempool.space / use the website of your choice.}

[dre1982]

The "waters" are calm for both deposits and withdrawals, the low priority rate is taking hours even minutes, a good time for those users who have a pending withdrawal or deposit, take advantage just now, this can last minutes.   


^{Source: mempool.space / use the website of your choice.}

Looks like the 'calm waters' are gone.



With such fees the best way is to withdraw in altcoins and maybe try to exchange them when the fee's are low again.

[famososMuertos]

....//...:

Hi!!
It's simple read, you can read this:

...//... take advantage just now, this can last minutes.   ...//...:

You are the most active in this thread, please until when the repeated comment at Alts, tell me something different, tell me which casino went up under their fee ... tell me that you withdrawn $ 100 and that a fee of $ 1.35 is viable because it represents less than 1.5%

Think of a world without Alts and solve with your bitcoins

[ralle14]

It seems that Stake have upped their withdrawal fees for bitcoin recently from BTC.0001 ($3) to BTC.0003 ($10) together with the minimum withdrawals from BTC.0005 ($15) to BTC.001 ($35). Not sure if the same changes have been applied to PrimeDice.

[milewilda]

It seems that Stake have upped their withdrawal fees for bitcoin recently from BTC.0001 ($3) to BTC.0003 ($10) together with the minimum withdrawals from BTC.0005 ($15) to BTC.001 ($35). Not sure if the same changes have been applied to PrimeDice.

Was actually to complain the same thing too about Stake where their withdrawal fees is insanely high which is on 0.0003 = which is current $10 as of this writing
and if you do tend to look on the average or suggested fees in the network then only $4 is for the highest priority and $2 for the lowest one.
This is one of my complaints though which they should have at least consider on look and make out adjustments but somehow you can make
use Dinabot on exchanging from Bitcoin to other coins neither directly to your stake account or in other like primedice and windice.

[famososMuertos]

..//..:

.../image/...

+1

I have updated the Stake values and in the context of more days it can be seen that the minimum withdrawal in january was 0.002 BTC, which with the current price would be about (+/-) $ 70 so a relative vision allows us to understand that they have wanted to adjust to a retreat "acceptable". So the 0.001  looks somewhat unfair, but  setting is still a 100% reduction compared to the standard they kept in 2020.



As for the Fee, it is not about withdrawing (e.g.) $ 1000 and only paying a fee of $ 10, it is about paying the correct rate. Casinos must offer at least all three types of withdrawals.


source. https://mempool.space /

 
update...thanks ]https://www.talkimg.com

[panganib999]

It seems that Stake have upped their withdrawal fees for bitcoin recently from BTC.0001 ($3) to BTC.0003 ($10) together with the minimum withdrawals from BTC.0005 ($15) to BTC.001 ($35). Not sure if the same changes have been applied to PrimeDice.

Was actually to complain the same thing too about Stake where their withdrawal fees is insanely high which is on 0.0003 = which is current $10 as of this writing
and if you do tend to look on the average or suggested fees in the network then only $4 is for the highest priority and $2 for the lowest one.
This is one of my complaints though which they should have at least consider on look and make out adjustments but somehow you can make
use Dinabot on exchanging from Bitcoin to other coins neither directly to your stake account or in other like primedice and windice.

It is true that gas fees in wothdrawals are definitely high at the current time, it is because of the eth is pumping and somehow trying to gain its hightime. I think Dinabot is somehow great yet you also need to get out your earnings in your casino wallets and ypu might also need some gas fees. The thing we are experiencing right know is because of the valie of eth spiking upwards and might stays a little longer. Casino are one of the thing thay have many transactions in a single day because there are a lot of gamblers making a living out of it. But I think this high fees withdrawals might affect the earnings or profit of a gambler. It's 100% earnings might drop only on 50% or lower because the other half mighr only get to the fee. But I think one of these days, fees might be go calm again. We just need to wait.

[dre1982]

Could you please include such overview in the OP. That would be very helpful if it's all at one place at the beginning of the topic.

If just made a withdraw on Wolf.bet. The fee was fixed at BTC0.0023 and that was also the fee paid in the tx. (you see a lot of sites asking a high fee and then don't spend it all in the tx so this is good)

This resulted in a fee which was 38.917 sat/B and this was even higher then the advised high fee.

[STT]

The ideal is to have half a dozen or more possible blockchains to use and to also be able to withdraw in any of them without too much of a penalty just percentage fees.   Users should cover transaction fees probably unless VIP or similar high revenue customers but also the user should be given the control to decide if they dont mind a really slow low fee withdrawal taking place.    I agree small customers are most penalised and it discourages new users in that way, it would best for percentages not flat fees but its a common problem right across crypto that moving funds is discouraged.
   The other method very few will agree with me on is arbitrage where you move funds to somewhere by losing a bet in one place on sports or events but placing a bet to win the same event elsewhere.  If you have small amount and the fees got silly, this might be the most sensible route though it sounds a bit extreme.

[famososMuertos]

...//...:

Thanks for the suggestion. In any case if you check the OP there are links to each of the updates, except for January.

Reviewing your Wolf.bet suggestion we have the following:



It maintains the January fee, which is something to consider because the price of bitcoin was very different from what it has today.

_____________-

...//...:

That's right, "... control" to decide our urgency to withdraw.

...//,,,;
   The other method very few will agree with me on is arbitrage where you move funds to somewhere by losing a bet in one place on sports or events but placing a bet to win the same event elsewhere.  If you have small amount and the fees got silly, this might be the most sensible route though it sounds a bit extreme.

I understand what it says in the sense of the bet, but I don't know how it can be applied to withdrawals or fees.

[famososMuertos]

Stake, BetFury and 777coin have the same fee of 0.00025 BTC ($14.41). Unique ones Casinos  that match. VipGame and Roobet are very even, $11.53 and $11.92 respectively.

Wolf.bet ranks among them with a value of $13.26.

CryptoGame takes third place for an additional 500 sat, 0.000255 BTC ($14.70), and very quietly located Tower in second place $ 20.18.

At the ends; BC.Game at the top of this listing with about $34.59, at the bottom Bustadice $ 9.33 very close to the estimated value in the mempool of $7.25.
_____________
________
As additional information, it is worth saying that the data taken for this graph corresponds to March 11, the price of bitcoin for the calculations corresponds to $ 57,652.41 (Coinmarketcap) and the mempool data corresponds to low priority $ 5.95, medium $ 7.15 and High priority $ 7.80.
You can see the source used in the following link: https://i.imgur.com/ayPXfLH.jpg

For those who are not concerned with the issue of fee for experience, I must tell you that this is a specific example, at a certain time, the prices and values indicated are subject to change without prior notice or rather to the volatility of the network already the decisions of the casinos.

Check the conditions of your preferred casino before withdrawing, the values may be different.
---
----
Considerations:
The casinos are doing their best to regain adequate values, Bc.Game offers LN, it also has the possibility of "exchange" and has one of the most varied options in alts.
Crypto Games owns LN and also offers alternatives in other Alts, in addition to being the only one that has a fee selector bar. Roobet recently added Litecoin and has three priority levels.

You can see more details in the following table:

(1): Network Fee

Your withdrawal will be slightly less due Bitcoin network fee.
Users pay exact network fee, there is not charge by SWC.

Withdrawals are processed by hand. SWC poker may take up to 24 hours to process you withdrawal

Source: SWC poker /
https://i.imgur.com/mCbrIKd.jpg

Important consideration that all casinos must take when their priority is not to weigh any fee value on the screen at the time of withdrawal.

(2): Fee
Completely opposite case and I bring it up, I have asked for the information via email, but if someone has withdrawal information (fee), Ty. In any case, I will update the answer they give me.



(3):
It is an average rate that is calculated at the time of withdrawal, for details you can find the support on your page, the live chat works very well, Telegram, also in your ANN.

( - ) :it means do not tracker the information or verify it.

^{Mini tribute to Yolodice and luckybit.
Source:
Coinmarketcap.com /price bitcoin.
mempool.space
Casinos/ Gambling.
Source image 1: https://i.imgur.com/ayPXfLH.jpg}

[famososMuertos]

Casinos Withdrawal Fees Rise:CWFR

They are still cautious days on the issue of fees and with April nearing its end we reviewed the CWFR top and then checking the casinos involved on Topic.

CWFR Top April:

• Tower*:    0.00068000
• blackjack.fun: 0.00043413
• Chips: 0.00035000
• bc.game: 0.00031300
• bustadice*: 0.00030000
• Roobet*: 0.00025556
• Crypto Games*: 0.00025500
• 777coin: 0.00025000
• Stake: 0.00020000
• VipGame: 0.00020000

         ^{Casino: BTC
(*) maximum values, these casinos use Low, medium, high. Roobet shows its values in $14,038/$54,926  + info see attached table.}

CWFR April:

Updates; what casinos do in addition to lowering/raising their fees:

-SWC: BCH available for deposits.
-bc.games: allows with VIP level 14+ to use additional options. LN disponible.  it also has the possibility of "exchange" and has one of the most varied options in alts.
-Crypto.Games: Crypto Games owns LN and also offers alternatives in other Alts, in addition to being the only one that has a fee selector bar.
-Roobet.com: Litecoin available for deposits.


Considerations:
- / - All values ​​are expressed in BTC except for Roobet.com which are "$". So they show them in their withdrawal wallet, BTC value used to show in the top April $54,926 (CMC).

There are other casinos like bustadice that use "chips" I have changed them to BTC, it also happens with blackjack.fun who expresses this value in his wallet as satoshi (43413 sat).

- / - The colors in the table:
Each month has its color, if a casino does not change its CWFR it keeps the color, e.g. the first three.
The font colors in the table cells are only used to better visualize their value, in fact I only use white.
The red color in the name of the casinos indicates the highest fee.

- / - These are data reviewed in each of the casinos today, I have not taken them from any website, they are my log in, there is no hierarchy in their exposure to bring them to the table except that they are the ones I frequent the most or know.

So when a new Casino appears in the table it is only because I have registered and / or at least played with Play Money, then I have checked its CWFR and its data appears.
In fact the "-" (hyphen) in the tables means that for whatever reasons I couldn't check it, e.g. Wolf.bet that appears in April in white, sorry should go a "-"

- / - Some Casinos change their withdrawal fees in days or weeks, consider it if you check this table in days after this date.

In fact I checked the mempool.space this morning at approximately 9:00 h:
Low priority: 11 sat/vB ($0.83)
Medium priority: 12 sat/vB ($0.91)
High priority: 13 sat/vB ($0.99)

Today at 15:30 these are the new values:
Low priority: 36 sat/vB ($2.77)
Medium priority: 41 sat/vB ($3.15)
High priority: 50 sat/vB ($3.84)
Source: mempool.space / BTC

-/(1)/-: Your withdrawal will be slightly less due Bitcoin network fee.
Users pay exact network fee, there is not charge by SWC.
Withdrawals are processed by hand. SWC poker may take up to 24 hours to process you withdrawal. Source: SWC poker/Cashier/
-/(2)/-: It is an average rate that is calculated at the time of withdrawal, for details you can find the support on your page, the live chat works very well, Telegram, also in your ANN.
^{Summary Sources: CMC (Coinmarketcap.com/price bitcoin). mempool.space. Casinos/web.}