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

[Kelvinid]

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

I usually converting BTC to XRP just to save fees and sometimes I think that if the situation will get worse and fees will increase more especially when you are depositing, I'd rather have to stop for a while. I'm not addicted to gambling that it really cares for the fees which are really hurting us, especially for casual players.

Having a customized fee could give the best option even it takes a day or more before it arrives at the destination. But I'm not sure if they are willing to offer that

[michellee]

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.

But most gambling sites will charge a fee to their users who want to withdraw their money, which is normal to see in the casino. The fee itself will be the responsibility of each member who wants to get their money by withdrawing. But members will also have an option to avoid paying a high fee if the bitcoin fee increases. They can use the other coin to withdraw, and although the amount will decrease if they use bitcoin, they still make a profit. They should not be disappointed if that thing happens because they don't have to pay a high fee, and they can convert the altcoin to bitcoin back, or they can hold it for more until that altcoin price increase. I guess they will have many altcoin investment at this moment, so when the altcoin season comes, they can sell their coin at a high price.

[bitterguy28]

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.

Sorry but what is the reason when the Bitcoin and other altcoin Increase higher that the Withdrawal fees also increase when the sites Mostly has a FIX withdrawal fees?isn't it questionable that with 0002BTC fee but when you withdraw if was multiplied even x5?

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.

i Can't do that because when i Gamble i Only take each wins and continue playing with my capital so once its all lose then all the winning will be my take home and thats what i do as strategy to control my self in betting.

[boyptc]

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.

That's a good idea but I think they're aware of that concern and it's been a long time since some users have addressed that to a few casino.

But they just can't control the network, that's the reason and answer that they'll give to us.

[Reatim]

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.

Of course gambling sites won't implement having customize Withdrawal fees because at some point they are also Gaining some funds from our fees.

So each time that there is congestion this is the advantage to collect much higher fee,they are taking small part of our earning from winning in gambling and winning in Pumping.

Because if not then they will stick in the amount required per certain withdrawals.

[leea-1334]

Of course gambling sites won't implement having customize Withdrawal fees because at some point they are also Gaining some funds from our fees.

So each time that there is congestion this is the advantage to collect much higher fee,they are taking small part of our earning from winning in gambling and winning in Pumping.

Because if not then they will stick in the amount required per certain withdrawals.

I do not believe a good casino does this as part of their business model. For exchanges yes, since people can be expected to even make their deposit decisions based on withdrawal fees, but casinos need people to be able to withdraw and enjoy those winnings,,, knowing it makes them return.

I believe most casinos set a higher than needed fee to ensure they always process fast withdrawals, and keep a balance from any fees gained to pay for the same high fees during high mempool.

[Questat]

Looks like bitcoin transaction fee is high at the moment, I transacted recently and the fee was like 0.0003+ per transaction.

Would this mean that you guys are experiencing a high withdrawal fee also at the moment?

[panjul07]

Looks like bitcoin transaction fee is high at the moment, I transacted recently and the fee was like 0.0003+ per transaction.

Would this mean that you guys are experiencing a high withdrawal fee also at the moment?

Depends on the casino withdrawal fee's system, if the casino uses fixed system then it will remain the same no matter how expensive the current withdrawal fee is.
But if the casino uses a system where the fee is based on the latest network/mempool condition then players will have to pay higher fee.
30k satoshi is still low compared to what we have to pay few weeks back, so better thing to do is to wait till we get cheaper transaction fee if we are playing on casino with the 2nd mentioned system if we do not want to pay too high fee.

[Finestream]

Looks like bitcoin transaction fee is high at the moment, I transacted recently and the fee was like 0.0003+ per transaction.

Would this mean that you guys are experiencing a high withdrawal fee also at the moment?

Depends on the casino withdrawal fee's system, if the casino uses fixed system then it will remain the same no matter how expensive the current withdrawal fee is.
But if the casino uses a system where the fee is based on the latest network/mempool condition then players will have to pay higher fee.
30k satoshi is still low compared to what we have to pay few weeks back, so better thing to do is to wait till we get cheaper transaction fee if we are playing on casino with the 2nd mentioned system if we do not want to pay too high fee.

I think that's not a gambler's thing to "wait", I suggest to deposit a decent amount so you'll not make deposit from time to time, but of course only do it in a gambling site that you trust the most, putting your money more than 24 hours in their wallet is highly risky.

[shoreno]

Looks like bitcoin transaction fee is high at the moment, I transacted recently and the fee was like 0.0003+ per transaction.

Would this mean that you guys are experiencing a high withdrawal fee also at the moment?

Depends on the casino withdrawal fee's system, if the casino uses fixed system then it will remain the same no matter how expensive the current withdrawal fee is.
But if the casino uses a system where the fee is based on the latest network/mempool condition then players will have to pay higher fee.
30k satoshi is still low compared to what we have to pay few weeks back, so better thing to do is to wait till we get cheaper transaction fee if we are playing on casino with the 2nd mentioned system if we do not want to pay too high fee.

I think that's not a gambler's thing to "wait", I suggest to deposit a decent amount so you'll not make deposit from time to time, but of course only do it in a gambling site that you trust the most, putting your money more than 24 hours in their wallet is highly risky.

also make sure that you have a full control of your self before you decide to depo big at once because there are gamblers that when they see their self with a big balance the ego of them when betting are also boosted .

if your that type of gambler that still fine to depo big if you really want to do it for the sake of saving some money because of the high transaction fee of btc but make sure you do it on a casino that has an in built vault system on them to be able to put most of your depo money in the safe .

[Debonaire217]

This is when the importance of altcoins in gambling is considered. Gamblers can still play using LTC or ETH whatever they see fit but to be honest, even ETH today is having a high market price which means that there's huge market activity and also might induce higher transaction fees like bitcoin. I would advise you to cash in through a bank or card if you cannot accept Bitcoin's transaction fee. But most of the time, these transaction fees are caused by huge market congestion. Meaning, many Bitcoin holders are transacting at the same time and the solution is just to wait.

[k@suy]

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.

This global pandemic we have right now has a positive effect in gambling especially onling gambling and casino. Online casino become the new trends in gambling and a good thing about online gambling was they are offering bitcoin as a payouts for player. Which made the crypto market especially bitcoin pump to now of having a value of $19,187. But the rise of bitcoin, the in demand of online gambling and casino may also be the reason of rising a casino withdrawal fees. Which of course was'nt impossible.

[Oilacris]

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.

This global pandemic we have right now has a positive effect in gambling especially onling gambling and casino. Online casino become the new trends in gambling and a good thing about online gambling was they are offering bitcoin as a payouts for player. Which made the crypto market especially bitcoin pump to now of having a value of $19,187. But the rise of bitcoin, the in demand of online gambling and casino may also be the reason of rising a casino withdrawal fees. Which of course was'nt impossible.

Demand of online casino has nothing to do with casino withdrawal fees and if you do look in all of them then this do always depend of vary with the network condition
and has nothing to do with it.

If a casino do set up plus fees aside from network fees when making up some withdrawals then that would turn out to be not an appealing thing for most gamblers.

No doubt that online gambling did really make some significant advantage with this pandemic situation but doesnt mean that it would really be retaining when this
situation comes normalize.

About rise of fees then specially for dynamic ones then its already an anticipated thing and as others suggested then altcoin option will be your best shot.

[Questat]

Looks like bitcoin transaction fee is high at the moment, I transacted recently and the fee was like 0.0003+ per transaction.

Would this mean that you guys are experiencing a high withdrawal fee also at the moment?

Depends on the casino withdrawal fee's system, if the casino uses fixed system then it will remain the same no matter how expensive the current withdrawal fee is.
But if the casino uses a system where the fee is based on the latest network/mempool condition then players will have to pay higher fee.
30k satoshi is still low compared to what we have to pay few weeks back, so better thing to do is to wait till we get cheaper transaction fee if we are playing on casino with the 2nd mentioned system if we do not want to pay too high fee.

Thanks for the tip, I think I'll have to wait until fee will get lowered or best alternative is to use an altcoins to gamble, at the moment, a lot of sites already have options for altcoins as deposit and since it's easy to create an account in different site, it should not be a problem.

[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.

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.

Yes, I understand what you want to mean. But if I make bets on Btc or Eth or whatever crypto currency I use, I need to convert those whenever I make withdrawal. This service can be found on Betnomi sites. You can choose the option in withdrawal time. I mostly withdraw USD to TRX for low fees.

So it depends according to the site's policy. Fixed regulations policy or based on network both in different from each other. That's why it can be different.

[Rodeo02]

Thanks for the tip, I think I'll have to wait until fee will get lowered or best alternative is to use an altcoins to gamble, at the moment, a lot of sites already have options for altcoins as deposit and since it's easy to create an account in different site, it should not be a problem.

I think there are casino already that you can choose what coins you want to widraw  your earnings in other crypto currency aside from Bitcoin betnomi is one of the example you can play there in fixed USD value once you deposit and you can widraw in the altcoin of your choice other gambling sites also have own exchange that you can convert it to other crypto currency of your choice.

[boyptc]

Looks like bitcoin transaction fee is high at the moment, I transacted recently and the fee was like 0.0003+ per transaction.

Would this mean that you guys are experiencing a high withdrawal fee also at the moment?

Yes, it's high.

But for fixed withdrawal fee casinos, they won't increase the fees. I think that's what can we see for those casinos that have fixed withdrawal fees.

[BuNga_cute]

No need to panic about the increase in withdrawal fees at online casino, this is because the price of Bitcoin and some altcoins
has increased in price. But the solution is very easy, we only need to make withdrawals using altcoins which have low transaction fees.
Based on my observations, only Bitcoin and Ethereum have experienced a quite high withdrawal fee increase, the rest of the altcoins
are relatively cheap. My advice is to use Tron to make withdrawals from the gambling site, I have proven it, Tron transaction fees are
very cheap and fast.

[Bitinity]

No need to panic about the increase in withdrawal fees at online casino, this is because the price of Bitcoin and some altcoins
has increased in price. But the solution is very easy, we only need to make withdrawals using altcoins which have low transaction fees.
Based on my observations, only Bitcoin and Ethereum have experienced a quite high withdrawal fee increase, the rest of the altcoins
are relatively cheap. My advice is to use Tron to make withdrawals from the gambling site, I have proven it, Tron transaction fees are
very cheap and fast.

The solution works only if you make the deposit with altcoins or you play on a casino with a direct conversion of your deposit into fiat then you can withdraw with any available coins on the casino. High transaction fees wont be a problem at all if we are playing on casinos with fixed withdrawal fee or casinos with free withdrawal fee. The increase happens on casinos where the withdrawal fee is always change based on the latest blockchain network, when network is congested then players will be charged higher fee. On the opposite, players will be charged less when the network is back to normal.

[Maslate]

No need to panic about the increase in withdrawal fees at online casino, this is because the price of Bitcoin and some altcoins
has increased in price. But the solution is very easy, we only need to make withdrawals using altcoins which have low transaction fees.
Based on my observations, only Bitcoin and Ethereum have experienced a quite high withdrawal fee increase, the rest of the altcoins
are relatively cheap. My advice is to use Tron to make withdrawals from the gambling site, I have proven it, Tron transaction fees are
very cheap and fast.

The solution works only if you make the deposit with altcoins or you play on a casino with a direct conversion of your deposit into fiat then you can withdraw with any available coins on the casino. High transaction fees wont be a problem at all if we are playing on casinos with fixed withdrawal fee or casinos with free withdrawal fee. The increase happens on casinos where the withdrawal fee is always change based on the latest blockchain network, when network is congested then players will be charged higher fee. On the opposite, players will be charged less when the network is back to normal.

I guess there are already sites that offers that, Betnomi have that feature, you deposit a btc or any coin and you have a choice to cash out at any coin you like, other gambling site is bitsler, you can trade your coins to other coins, so it's very convenient.