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

[Lanatsa]

Clearly that shows some red flag, and that casino shouldn't be trusted in the first place. Users shouldn't never be disabled of withdrawal through increasing fees in an insane amount. It only means that casino or gambling site cannot be trusted with your Crypto's, and should be immediately reported here in the forum, to warn others.

Basically no withdrawal was disabled from the OP but due to the increase of Bitcoin; it transaction fees increased. This has nothing to do with the casinos as they can't determine Bitcoin price. Issues from OP can easily sort out through the use of altcoins to make your withdrawal transactions from the casinos. The same August was the same month the price of Bitcoin increased and we'll understand that, Bitcoin rise always follows with it fee increase.

These kind of complaints are common to those people who doesnt have much idea about on how Bitcoin fee network works in the first place.If they are fully aware on that thing then it would be just understandable on such situation and you cant find any queries or questions about this fee problem.

We know that it had been a problem when the market tends to be congested then it will always follow next on fee price increase which is usual and as mentioned on this particular time we can really opt out on
making use of other alts which had much more cheaper fees.

Good thing for you if the casino on where you do play do have that option if it only had Bitcoin then you wont really have any choice but to pay up the fee.

[MFahad]

Hell, I didn't even notice too although I have not withdrawn from casino for more than a month almost as I'm having regular bets these days. Although, LN isn't get much attention yet and not much casino allows LN payments, I guess people should bet on casinos which allow LN if they are quite worried about the fee.

People prefer to withdraw in altcoins because that cost them less fee. Also many people have no knowledge about Lighting Network LN. Regular gamblers who gamble daily do not need to withdraw often and usually they withdraw if they are in need of money.

[maydna]

Hell, I didn't even notice too although I have not withdrawn from casino for more than a month almost as I'm having regular bets these days. Although, LN isn't get much attention yet and not much casino allows LN payments, I guess people should bet on casinos which allow LN if they are quite worried about the fee.

People prefer to withdraw in altcoins because that cost them less fee. Also many people have no knowledge about Lighting Network LN. Regular gamblers who gamble daily do not need to withdraw often and usually they withdraw if they are in need of money.

The altcoin can be a choice to withdraw their win money if they see bitcoin fees rise higher. If they use the altcoin, they can reduce the fees, and they can keep their win money. But to withdraw using altcoin will have advantage and disadvantage, and people know about that, so they will not have a problem with the disadvantage.

Some gamblers prefer to wait for some time until the fees can reduce a lot, so they don't need to pay high fees. That is another option for gamblers who are facing a fees problem.

[Debonaire217]

Would there be any other ways for you to cash out? I see bitcoin and ethereum are the top cryptos that have a very huge transaction fee, and I think it also affects how casinos set their withdrawal fees. So if you have wallet address that caters altcoins in which withdrawal fees are low, you can do that, then use an exchange to convert it back to bitcoin. Perhaps, the process will take time, but atleast you lessen the transaction fee if your basis is in USD, or whatever fiat you have.

[Natalim]

Would there be any other ways for you to cash out? I see bitcoin and ethereum are the top cryptos that have a very huge transaction fee, and I think it also affects how casinos set their withdrawal fees. So if you have wallet address that caters altcoins in which withdrawal fees are low, you can do that, then use an exchange to convert it back to bitcoin. Perhaps, the process will take time, but atleast you lessen the transaction fee if your basis is in USD, or whatever fiat you have.

It's also important to consider the withdrawal fee in an exchange.
For example, if OP's local exchange does not support altcoins or specific altcoins offered in gambling sites, that would be a problem as he needs to exchange it to bigger exchanges and where he also need to withdraw the coin going to his local exchange, and that entails fee again.

At the moment, it's not only gambling sites that are increasing their withdrawal fee, I guess exchanges as well.

[dre1982]

Maybe some casino's should give the user the options for bulk withdrawals. If they want their withdraw will be collected and send out every 4/6 hours in a bulk and pay less fee.

I would go for such options. I can wait for a withdraw. In most times I don't need the money that fast.

[slaman29]

I never truly understood the complaints (except in very obvious cases). Every casino I have some money at has a cheap option which at most takes a couple of days to confirm. If you are so desperate for money that your casino balance is your life or death situation, then you really shouldn't be gambling at all, no?

[dre1982]

I never truly understood the complaints (except in very obvious cases). Every casino I have some money at has a cheap option which at most takes a couple of days to confirm. If you are so desperate for money that your casino balance is your life or death situation, then you really shouldn't be gambling at all, no?

You're 100% correct with that.

I normally pick the cheapest option of fee to withdraw and havent been waiting for days. The longest I had to wait was 20 hours or something like that.

I also got a few times I choice the highest fee and after that no blocks were find for almost 1.5 hours so then you still have to wait a long time.

[erikoy]

I never truly understood the complaints (except in very obvious cases). Every casino I have some money at has a cheap option which at most takes a couple of days to confirm. If you are so desperate for money that your casino balance is your life or death situation, then you really shouldn't be gambling at all, no?

We are different and unique. That guy has probably no patience in waiting. I do sometimes but I never do complain instead I adjust with the way how it should be.

The best thing to do is ask the management or make a suggestion to something one does not like. Posting it here could not be help but you can get somehow the idea of every user's here how to appeals or solve your problem.

OP try to reach out the management, who knows that the management will grant wishes.

[traderethereum]

I never truly understood the complaints (except in very obvious cases). Every casino I have some money at has a cheap option which at most takes a couple of days to confirm. If you are so desperate for money that your casino balance is your life or death situation, then you really shouldn't be gambling at all, no?

I think it because when a gamblers win from some gambling games, and he can make a lot of money, he wants to withdraw that money in one-time.
But then, he sees that the fee increases, and he doesn't accept the increases, so he complaint why the fee increases.
I think if he is a real gambler who always play gambling, and he can win many times, he will realize and admit that the fee can increase or decrease anytime.
I am sure that the gambler will have another option to withdraw his money, even if that means, he needs to convert his win money to the other coins.

[Waffen]

I agree with you OP, you're totally right, these fees are ridiculously high.

[Twentyonepaylots]

Would there be any other ways for you to cash out? I see bitcoin and ethereum are the top cryptos that have a very huge transaction fee, and I think it also affects how casinos set their withdrawal fees.

Yes it does, apart from the selected network that you want to withdraw say bitcoin or ethereum, there is other fee that you are paying from the casino itself. Bitcoin and ethereum fees are on fire right now, both are freaking high but ethereum's network today is burning  I was about to withdraw in ethereum but I saw the fee its higher than bitcoin so I jumped back from withdrawing bitcoin.

I guess you need to compare it first when you wanna save some bucks for the fees.

[carlfebz2]

Would there be any other ways for you to cash out? I see bitcoin and ethereum are the top cryptos that have a very huge transaction fee, and I think it also affects how casinos set their withdrawal fees.

Yes it does, apart from the selected network that you want to withdraw say bitcoin or ethereum, there is other fee that you are paying from the casino itself. Bitcoin and ethereum fees are on fire right now, both are freaking high but ethereum's network today is burning  I was about to withdraw in ethereum but I saw the fee its higher than bitcoin so I jumped back from withdrawing bitcoin.

I guess you need to compare it first when you wanna save some bucks for the fees.

For small time gamblers then checking it out first would really be our main priority because it can really decrease out in terms of our profits but for those who do play big time then these
numbers wont really be a bothersome yet they dont really care on how much they do pay up for fees.

Some casinos doesnt give out a fee or charge additional into that network fee which is great but there are some that really adds up which make even more bigger.

There are no other options but to take that altcoin path for you to withdraw if there are options available.

[famososMuertos]

Hell, I didn't even notice too although I have not withdrawn from casino for more than a month almost as I'm having regular bets these days. Although, LN isn't get much attention yet and not much casino allows LN payments, I guess people should bet on casinos which allow LN if they are quite worried about the fee.

I think you do not understand, in reality the fee for the bitcoin network is added to an additional fee that some casinos charge, in others even the opposite happens, the casino takes care of the fees and offers fee 0 in withdrawal.

.....

I didn't really notice a big change in withdrawal fees. Just cashed out $50 last weekened after winning in poker and didn't notice any new fees being charged to my account.

This might not be for every casino yet. But we as gamblers should definitely keep on eye on the fees as it can make a big part of your winnings if you still with a small bankroll.

Friend, comment on-topic, which casino do you use? that's what this thread is about, just say which casino you use and how much is your withdrawal fee.

I never truly understood the complaints (except in very obvious cases). Every casino I have some money at has a cheap option which at most takes a couple of days to confirm. If you are so desperate for money that your casino balance is your life or death situation, then you really shouldn't be gambling at all, no?

Please comment On Topic, thank you.

No casino withdrawal takes days, if so tell me, with  which casino does this happens to you? is the point of the thread.

Do not put thoughts, words that I have not mentioned, do not make prejudices or just comment off topic.

[bobyhodob]

Would there be any other ways for you to cash out? I see bitcoin and ethereum are the top cryptos that have a very huge transaction fee, and I think it also affects how casinos set their withdrawal fees.

Yes it does, apart from the selected network that you want to withdraw say bitcoin or ethereum, there is other fee that you are paying from the casino itself. Bitcoin and ethereum fees are on fire right now, both are freaking high but ethereum's network today is burning  I was about to withdraw in ethereum but I saw the fee its higher than bitcoin so I jumped back from withdrawing bitcoin.

I guess you need to compare it first when you wanna save some bucks for the fees.

For small time gamblers then checking it out first would really be our main priority because it can really decrease out in terms of our profits but for those who do play big time then these
numbers wont really be a bothersome yet they dont really care on how much they do pay up for fees.

Some casinos doesnt give out a fee or charge additional into that network fee which is great but there are some that really adds up which make even more bigger.

There are no other options but to take that altcoin path for you to withdraw if there are options available.

Unfortunately not only are some gambling places that provide this facility while well-known gambling places such as casineos and other gambling places still require fees to make withdrawals but at gambling establishments that provide altcoins as an option to make faster withdrawals so the best choice for now is indeed with altcoins because the withdrawal fees will be cheaper and faster.

[Twinkledoe]

Would there be any other ways for you to cash out? I see bitcoin and ethereum are the top cryptos that have a very huge transaction fee, and I think it also affects how casinos set their withdrawal fees.

Yes it does, apart from the selected network that you want to withdraw say bitcoin or ethereum, there is other fee that you are paying from the casino itself. Bitcoin and ethereum fees are on fire right now, both are freaking high but ethereum's network today is burning   I was about to withdraw in ethereum but I saw the fee its higher than bitcoin so I jumped back from withdrawing bitcoin.

I guess you need to compare it first when you wanna save some bucks for the fees.

For small time gamblers then checking it out first would really be our main priority because it can really decrease out in terms of our profits but for those who do play big time then these
numbers wont really be a bothersome yet they dont really care on how much they do pay up for fees.

Some casinos doesnt give out a fee or charge additional into that network fee which is great but there are some that really adds up which make even more bigger.

There are no other options but to take that altcoin path for you to withdraw if there are options available.

Unfortunately not only are some gambling places that provide this facility while well-known gambling places such as casineos and other gambling places still require fees to make withdrawals but at gambling establishments that provide altcoins as an option to make faster withdrawals so the best choice for now is indeed with altcoins because the withdrawal fees will be cheaper and faster.

And right now, if there are other options like xrp or doge, it is better to use them when you withdraw because btc is really expensive and you will feel the effect of it if you are just a small time player. So it is the advantage of the casino to offer alternative options to withdraw and if possible if they can have internal exchange that will ease the burden of players in converting their coin to other currencies.

[slaman29]

You're 100% correct with that.

I normally pick the cheapest option of fee to withdraw and havent been waiting for days. The longest I had to wait was 20 hours or something like that.

I also got a few times I choice the highest fee and after that no blocks were find for almost 1.5 hours so then you still have to wait a long time.

Exactly. I have been put through over a week's waiting but this was IIRC 2017 or 2018 when we had something like 250k mempool for days, and there was no way for the casino to adjust the fees, later RBF was possible so even they would do something if it took longer than a few days. But these days, even on lowest fee on any casino I play at it's not even a day's wait.

[tyz]

Hell, I didn't even notice too although I have not withdrawn from casino for more than a month almost as I'm having regular bets these days. Although, LN isn't get much attention yet and not much casino allows LN payments, I guess people should bet on casinos which allow LN if they are quite worried about the fee.

People prefer to withdraw in altcoins because that cost them less fee. Also many people have no knowledge about Lighting Network LN. Regular gamblers who gamble daily do not need to withdraw often and usually they withdraw if they are in need of money.

Two points on your post. You are right. But, even if you have knowledge about the Lighting Network, there are not many casinos yet which support LN transactions. I have already written to some sites (not only casinos), whether they also offer LN transactions, almost all were negative or the statement came that they want to offer it at some point. Your second point that regular gamblers do not have to withdraw often is critical. Because if you have gains you should payout regularly and keep only a limited amount on your casino account, because you never know if the casino still exists tomorrow.

[Google+]

Maybe some casino's should give the user the options for bulk withdrawals. If they want their withdraw will be collected and send out every 4/6 hours in a bulk and pay less fee.

I would go for such options. I can wait for a withdraw. In most times I don't need the money that fast.

indeed there are some gambling places that implement this but I am sure it is not that good because some members want to withdraw their funds quickly and they are also chased by the price of coins at exchanges because when they are sending coins to the exchange wallets if it is too long so there is a risk that the price may collapse before your withdrawal is made, it will cost you some of your money.

[famososMuertos]

Today I have been reviewing the Tower casino and I have noticed that it has defined three Fee models:
Fast: 0.00046 BTC
Standard: 0.00042
Slow: 0.0004 BTC

Source: https://tower.bet/withdraw?symbol=BTC

The fee has already changed, previous 0.00029 BTC.

It also happens with ETH:
Fast: 0.0053 ETH / 24 seconds.*
Standard: 0.0038 ETH / 4 minutes.*
Slow: 0.0038 ETh /19 minutes.*

*Estimated time.
Source: https://tower.bet/withdraw?symbol=ETH

The table with all the other casinos I plan to update between September 15 and 20.

_

Source: https://tower.bet/withdraw?symbol=BTC


Source: https://tower.bet/withdraw?symbol=ETH