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

[Reatim]

There are some who do shoulder out the withdrawal fees but not all of them but doesnt mean that they arent good ones.Its just they cant really afford to add up into their expense on shouldering the fee into those withdrawal transcations and for those who does then thats one shows about generosity of the site because not all would be offering the same thing.For those places who do have static ones then it wont really be that appealing but for those dynamic which is understandable because of the market condition.It do all varies but i do much prefer on having an option neither you do want to have that
low to high priority type of fees for you to choose on which is a great thing or option for a gambler to have.

Yeah and sometimes network asked for high fees so idont think gambling website need to shoulder that fees just for the sake of players ,and more of them also want faster transaction if gambling sites shoulder it I am sure they will always choose the lower fees to pay .where sometimes takes time before you recieve it in the wallet and not all have that patience of waiting.

Actually it is our prerogative what to choose,because some sites requires no Fee in certain amount while oters has very High requirements so its either we choose one or another depend on our mood and desire,because if we are not in a Hurry then its ok even if this takes time.

I am more favorable in own exchange convertion to other currency in gambling sites, so if other want to use low fees they can choose other altcoin instead of BTC .

Actually they don't need to own exchange because they can accept which currency they want in each sites,and many of them are offering various crypto for us to use in gaming.

[1715528866]

1715528866

[1715528866]

1715528866

[1715528866]

1715528866

[CarnagexD]

There are some who do shoulder out the withdrawal fees but not all of them but doesnt mean that they arent good ones.Its just they cant really afford to add up into their expense on shouldering the fee into those withdrawal transcations and for those who does then thats one shows about generosity of the site because not all would be offering the same thing.For those places who do have static ones then it wont really be that appealing but for those dynamic which is understandable because of the market condition.It do all varies but i do much prefer on having an option neither you do want to have that
low to high priority type of fees for you to choose on which is a great thing or option for a gambler to have.

It is more of as either as a publicity stunt or a way for the gambling site to gather more people in really rather than the site's generosity. It's arbitrary that the less you charge per bet, the more people will come into your site to play and bet. And thru this huge number of people betting, they can always cover the expenses of the transaction fees like it's nothing.

Most casinos offer a fixed amount I never used other platforms due to their high withdrawal fee.

Good casinos do not charge any withdrawal fee. I have never gambled on a site long term if they charge any fees for payout. I mean, it is well known that online casinos are highly lucrative and if they also ask for money for the payout (admittedly, the fewest users pay out because the fewest win), then that is already an arrogance towards their customers. But it's also up to the users. Avoid such gambling providers and sooner or later they will change your fee policy.

There are some who do shoulder out the withdrawal fees but not all of them but doesnt mean that they arent good ones.Its just they cant really afford to add up into their expense on shouldering the fee into those withdrawal transcations and for those who does then thats one shows about generosity of the site because not all would be offering the same thing.For those places who do have static ones then it wont really be that appealing but for those dynamic which is understandable because of the market condition.It do all varies but i do much prefer on having an option neither you do want to have that
low to high priority type of fees for you to choose on which is a great thing or option for a gambler to have.

I also like to have choice and then it's only up to me and I know I take certain risk by taking lower fee
We don't like high fees but sometimes we forget that everyone in this chain wants to have its share, and profit so we can't blaim casinos for that. But like I said that is why it's important to always have a choice no matter what it's about.

Instead of having only fixed one payment option as for withdrawal, rightly said that let users decide based on the choices which need to be given to users. In the end they will still be making money from each withdrawal and rather than just imposing only 1 option where at times the transaction fees are higher than the actual withdrawable amount a custom option will suffice if user is ready even if it takes couple of days for their transaction to get confirmed.

But why would you essentially need to have multiple withdrawal methods? I can't see how it is intuitive enough to help sustain the site and may even cause problems with coding. Might as well just use a faster cash out option, lower the costs and advertise it to many people so you gain back the losses you got from lowering the transaction fees. That should work as I've seen it from a couple of cryptocurrency sites already.

[famososMuertos]

...//...:

Please, I don't understand your ideas or comments, but can you provide some additional information or an example of a last withdrawal, what is your last withdrawal fee charged and in which casino?

...//...:  I can't see how it is intuitive enough to help sustain the site and may even cause problems with coding. Might as well just use a faster cash out option, lower the costs and advertise it to many people so you gain back the losses you got from lowering the transaction fees. ...//...

 

...//...: :...//....That should work as I've seen it from a couple of cryptocurrency sites already.

which sites?

[carlfebz2]

Recently ive been playing on stake and i can say that they had huge withdrawal fee in BTC. I tried to make some withdrawal and the fee was about 0.0002 which is totally out of this world

where you do try to check the entire mempool situation which the lowest priority does have only 20 sats per byte.So i did make some conversion to ETH.. Arent they making their fee on dynamic ones?

[maydna]

There are some who do shoulder out the withdrawal fees but not all of them but doesnt mean that they arent good ones.Its just they cant really afford to add up into their expense on shouldering the fee into those withdrawal transcations and for those who does then thats one shows about generosity of the site because not all would be offering the same thing.For those places who do have static ones then it wont really be that appealing but for those dynamic which is understandable because of the market condition.It do all varies but i do much prefer on having an option neither you do want to have that
low to high priority type of fees for you to choose on which is a great thing or option for a gambler to have.

Yeah and sometimes network asked for high fees so idont think gambling website need to shoulder that fees just for the sake of players ,and more of them also want faster transaction if gambling sites shoulder it I am sure they will always choose the lower fees to pay .where sometimes takes time before you recieve it in the wallet and not all have that patience of waiting.

I am more favorable in own exchange convertion to other currency in gambling sites, so if other want to use low fees they can choose other altcoin instead of BTC .

When the network asked for high fees, the gambling site needs to follow and adjust their fees based on the network fees. A gambler can select the other coin if they don't like the high fees, and if the gambling site has many coins to gamble, that can help the gamblers convert the coin to the coin they want. I also want to convert my bitcoin to other coins that don't need to pay high fees, and I think many gambling sites have that feature, so their members don't have to worry about the fees.

[carlisle1]

Recently ive been playing on stake and i can say that they had huge withdrawal fee in BTC. I tried to make some withdrawal and the fee was about 0.0002 which is totally out of this world

Same here withdrawn in one popular Site and the equivalent of Fee is almost 10% of 100$ that i take out  and it's weird because according to their platform it is supposedly 0.0002 bitcoin but seems different with the result.

where you do try to check the entire mempool situation which the lowest priority does have only 20 sats per byte.So i did make some conversion to ETH.. Arent they making their fee on dynamic ones?

This is what i also think that they are using differently 20 sat per byte is far lower than the fee they are taking.

[ralle14]

This is what i also think that they are using differently 20 sat per byte is far lower than the fee they are taking.

From my experience other casinos that charges a fixed fee does the same thing they don't use all the fee we pay to them. Stake probably use an estimator and one downside with estimators is that it could take time for the fees to adjust if the blocks get delayed just like what happened few hours ago.

Two weeks ago they used a 40 sat/byte fee on my withdrawal and during that time you could easily get confirmation with a 10-20 sat/byte fee.

[Gotumoot]

For me it is normal for their withdrawal fee to rise up specially when the transaction fee for Bitcoin is increasing.
I think it is also one of their source of income besides the house edge to ensure their platform would continue.

[peter0425]

For me it is normal for their withdrawal fee to rise up specially when the transaction fee for Bitcoin is increasing.
I think it is also one of their source of income besides the house edge to ensure their platform would continue.

It is Ok if they will increase but at least they will change the Fix withdrawal fee so Gambler knows how much he will be getting in case of withdrawals.
Like what said above that the amount is 10% of the withdrawn Money in which to high,because what if you need to take a 1000$ then the fee should be 100$?
Better Indicate the fee then we will decide if may continue playing in their site or find another with lower fee,Because this comes as misleading in part of the gamblers.
i don't mean they are cheating the players but this will be the thought if you become one of the player.

[ethereumhunter]

For me it is normal for their withdrawal fee to rise up specially when the transaction fee for Bitcoin is increasing.
I think it is also one of their source of income besides the house edge to ensure their platform would continue.

Indeed. It will be up to us if we still use bitcoin to withdraw because I think the site will have another option of the coin that we can use to withdraw. If that so, we can convert it into another coin with low fees that will use to send the coin. It will help us avoid bitcoin's big fees, and I think we can hold that coin until the price can increase. I suggest selecting only a popular coin such as ethereum, litecoin, doge, trx, eos to convert from bitcoin to altcoin.

[Taskford]

For me it is normal for their withdrawal fee to rise up specially when the transaction fee for Bitcoin is increasing.
I think it is also one of their source of income besides the house edge to ensure their platform would continue.

Now it’s a long time and whenever the price fluctuates too much the withdrawal happens a lot and this is where even the transactions costs goes up and since to make some income all sites do increase the transactions costs. So now can’t do much on such instances and rather accept it and only avoidable circumstances you can ignore, rest we must use it anywhich ways to transfer.

The network get saturated by many transactions that's why the casinos need to act like adding some fee's just to make the transaction smooth since if they will not do that for sure there will be a confusion regarding on withdrawal and might this will cause for other user to blame the casino for stuck up issue for their balances.

[pankowri]

For transferring, I mainly use TRX to get faster service. I withdraw my funds from Betnomi which is a gambling sites and there has an option to select which you want. I generally select TRX to withdraw my funds and directly send to Binance. Currently, the fees increased in Eth transaction too. So if you don't want to withdraw now for fees then convert your Btc to another crypto which has lower fees, then go for withdrawal.

[nikola22]

For transferring, I mainly use TRX to get faster service. I withdraw my funds from Betnomi which is a gambling sites and there has an option to select which you want. I generally select TRX to withdraw my funds and directly send to Binance. Currently, the fees increased in Eth transaction too. So if you don't want to withdraw now for fees then convert your Btc to another crypto which has lower fees, then go for withdrawal.

if you make bets in TRX or XRP the fees are relatively low and there are no problems with withdrawals. but if you make bets in BTC or ETH the fees are really high and user should think twice before withdrawing small sums.

[qwertyup23]

Recently ive been playing on stake and i can say that they had huge withdrawal fee in BTC. I tried to make some withdrawal and the fee was about 0.0002 which is totally out of this world

where you do try to check the entire mempool situation which the lowest priority does have only 20 sats per byte.So i did make some conversion to ETH.. Arent they making their fee on dynamic ones?

This is to be expected especially that the market is experiencing a bullish run of bitcoin in the past few day. To be honest, expect it to increase further in the upcoming weeks if the price index continues to rise until the last quarter of this year.

My advice would be to withdraw your funds in one go. Avoid withdrawing them on a piece-meal basis since this will cost more in the long run. Hopefully other gambling websites have relatively low transaction fees despite the bullish run.

[Lanatsa]

Recently ive been playing on stake and i can say that they had huge withdrawal fee in BTC. I tried to make some withdrawal and the fee was about 0.0002 which is totally out of this world

where you do try to check the entire mempool situation which the lowest priority does have only 20 sats per byte.So i did make some conversion to ETH.. Arent they making their fee on dynamic ones?

This is to be expected especially that the market is experiencing a bullish run of bitcoin in the past few day. To be honest, expect it to increase further in the upcoming weeks if the price index continues to rise until the last quarter of this year.

My advice would be to withdraw your funds in one go. Avoid withdrawing them on a piece-meal basis since this will cost more in the long run. Hopefully other gambling websites have relatively low transaction fees despite the bullish run.

Majority of them will really be depending on networks suggested fees that's why they cant really able to control it unless if they do set out to minimal but to expect that it wont really be confirmed fast that's why they don't really have any choice yet they cant just afford to give out free withdrawal with those high fees yet that would really be costly on their side.
Ive seen only a few gambling sites offering free withdrawal.

Transacting in bulks is much more preferable so that you would be paying up fee in one go and also switching to alts is a good move or choice too.

[coin.princess]

Some casinos charge a fee, others don't. That will have to do with which payout method you request. With bitcoin it is unavoidable that a fee has to be paid. A casino can still choose to pay this fee itself.

[panjul07]

In some casinos I pay fee 0.0001 btc but in blockchain I see that they paid like example 600 satoshi fee only.May I know why?

IMO it is because the site uses a automatic system based on the current median transaction size.
I experienced it on crypto.games some time ago and I asked about it as well, and here is the information provided by crypto.games:

Example: I was charged 0.0005 BTC fees for my withdrawal, but the bitcoin transaction sent used a lower fee, why does this happen?
The withdrawal fee charged to a user issuing a withdrawal is the fee for a transaction with the size of 500 bytes (which is the current median transaction size according to tradeblock), in this exemplary case, 0.0005 BTC. The actual transaction sent uses a per kB fee that’s twice the size of your charged withdrawal fee (in this example, 0.0005 BTC are charged, and 0.001 BTC per kB are used). However, if the transaction is smaller than the average, the total fee will be lower accordingly. Likewise, if the transaction is bigger than the average, the total fee will be higher accordingly. In either case, the fee charged to the user will be the same, 0.0005 BTC, as it’s not possible to estimate the size a withdrawal transaction will have before the withdrawal is requested. In any way, the fee you are being charged is always the fee that is shown on the slider (“withdrawal fee”), where you select the fees, and the amount you receive is always the amount shown in the withdrawal popup (“Withdrawal amount after fees”).

Perhaps the casino where you play uses the same system as crypto.games, that's why the fee is for the withdrawal is not the same as what you paid.
I do believe most casinos uses similar system as there is no need for them to pay higher fee while the current network does not requires them to pay higher.

[shield132]

As I see this thread was created in August. To be fair I don't remember how high were transaction fees back in August. Even if it was high, pre and post quarantine periods were the greatest for casinos, their profit was very high, so it should balance this out but right now, I can't say anything because in some countries there are significantly increased fees on casinos and even some countries seriously take care of antigambling companies that includes prohibiting of casino advertisements in TVs, billboards, etc. That's bad for casinos and their marketing.
I think casinos should let us to set custom fees on transactions! This will be the right deal for everyone right now.

[Finestream]

I think casinos should let us to set custom fees on transactions! This will be the right deal for everyone right now.

I hope so, unfortunately, most casinos does not offer that in their platform, they are the one who set the fee and we just have to choose either low, regular, and priority. With custom fees, we would be able to know how much we would spend for the fee of our transactions, this is very useful especially for mini transactions where we want to avoid high fees.

[AmoreJaz]

I think casinos should let us to set custom fees on transactions! This will be the right deal for everyone right now.

I hope so, unfortunately, most casinos does not offer that in their platform, they are the one who set the fee and we just have to choose either low, regular, and priority. With custom fees, we would be able to know how much we would spend for the fee of our transactions, this is very useful especially for mini transactions where we want to avoid high fees.

indeed! not many casinos are offering customized fees. and most of them, they have fixed fees. not so many are offering the options of low, regular, or high priority. if theres internal exchange for that casino, you can convert it to other alts like maybe xrp or doge before withdrawal. that is, if they have. i made a list of those gambling sites with internal exchange (need to update for new ones)

Gambling sites with internal exchange