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

[ethereumhunter]

For me this is the time where i couldn't afford to lose even a single bitcoin for the sake of gambling. I would prefer to save it and hodl my bitcoin as much as the bitcoin market didn't yet settle and as i am expecting it will continue to go up its value to a higher than how much its value today. And it is a right decision i guess that we would use altcoins for transactions for the mean time till the market was in bullish state.

I prefer to stop gamble for a while and hold my bitcoin as you. I feel that the bitcoin price can be up to any higher price. But I miss my time to gamble, and maybe I will gamble again in the other days when I want to gamble. I think the fee will be up and down too following the bitcoin price, and we have many choices to withdraw, and not just use bitcoin to withdraw the money. The altcoins can be a good alternative to gamble and make a transaction for withdrawing.

[leea-1334]

Even Deposit really increased , Maybe that's about the Blockchain miner but still affecting our gambling activities .
I tried to deposit 50$and the transaction fee arise to 21$ ? look how huge that was ?

But good thing that until now i have not winning so I don't need to experience the High Withdrawal fee 

But i guess it's practical just to let our coins for a while in gambling site when this fee increasing happens ?
so sooner when the fee adjusted we can withdraw at lower value.

Time to use your own Bitcoin wallet my friend,,, there is no way at the current network line that you can pay even $2 for a next block confirmation (and that is counting the high price of BTC now).

Either you are not setting your own fees OR you have a lot of utxo which is why you should regularly consolidate.

PErsonally, I do not withdraw my BTC until the fee makes sense (for me this means fee should never be higher than 0.5% of the withdrawal amount!).

OR. I gamble for my fee:p

[famososMuertos]

...//..:

If you look at the tables there is an Exchange column, which can be an alternative for those who need their bitcoin.
Anyway, the point  is to pay the correct fee and not the one that is imposed by casino even as I have said before if you are a high roller.

Education in the use of bitcoin also includes knowing the correct rates to use in any business model, this is not only about casinos.
_________

...///... bare-bones Bitcoin wallets is they don't have any kind of coin controll and so seem to just pluck prices out of thin air which the ordinary punter is oblivious to. It's a self fullfilling prophecy...//...:

As you express them, magic rates but as mentioned before in this same thread, we know that the point of this action by the casinos is that the transaction is made or executed as soon as possible, but this option requires the correct fee, it is stupid to pay such high fess in some cases.

The tendency should be to go to an adjustable bar of those mentioned only one casino offers this option.

____________

...///...:

Please! Yes, ALTs are an alternative.

Considerations for future comments:
- Casinos do not receive any benefit from charging high fees.
- Yes! the Atls are good alternatives.
- If you have any experience or know of any fees, please mention the name of the casino.
- Please! select the correct quote from the user you wish to reply to or, failing that, use a criterion of "...", "*", "snip" "etc"

G.B.

[ice098]

For me this is the time where i couldn't afford to lose even a single bitcoin for the sake of gambling. I would prefer to save it and hodl my bitcoin as much as the bitcoin market didn't yet settle and as i am expecting it will continue to go up its value to a higher than how much its value today. And it is a right decision i guess that we would use altcoins for transactions for the mean time till the market was in bullish state.

I prefer to stop gamble for a while and hold my bitcoin as you. I feel that the bitcoin price can be up to any higher price. But I miss my time to gamble, and maybe I will gamble again in the other days when I want to gamble. I think the fee will be up and down too following the bitcoin price, and we have many choices to withdraw, and not just use bitcoin to withdraw the money. The altcoins can be a good alternative to gamble and make a transaction for withdrawing.

Even knowing that bitcoin price now has dumped from $41000 to $33000 these value was still a high value that should be treasured and worth to keep in the hard wallet. For me, i am taking my bitcoin seriously keep at my hard wallet and making it in the last option to uswd in case of emergency. And yes i did altcoins to alternative paying bills or paying in gambling or any transactions than taking risks my bitcoin. There's no doubt that bitcoin withdrawal fees may also follow the market pattern of bitcoin (pumping and dumping at the same time).

[bitterguy28]

For me this is the time where i couldn't afford to lose even a single bitcoin for the sake of gambling. I would prefer to save it and hodl my bitcoin as much as the bitcoin market didn't yet settle and as i am expecting it will continue to go up its value to a higher than how much its value today. And it is a right decision i guess that we would use altcoins for transactions for the mean time till the market was in bullish state.

I prefer to stop gamble for a while and hold my bitcoin as you. I feel that the bitcoin price can be up to any higher price. But I miss my time to gamble, and maybe I will gamble again in the other days when I want to gamble. I think the fee will be up and down too following the bitcoin price, and we have many choices to withdraw, and not just use bitcoin to withdraw the money. The altcoins can be a good alternative to gamble and make a transaction for withdrawing.

Even knowing that bitcoin price now has dumped from $41000 to $33000 these value was still a high value that should be treasured and worth to keep in the hard wallet. For me, i am taking my bitcoin seriously keep at my hard wallet and making it in the last option to uswd in case of emergency. And yes i did altcoins to alternative paying bills or paying in gambling or any transactions than taking risks my bitcoin. There's no doubt that bitcoin withdrawal fees may also follow the market pattern of bitcoin (pumping and dumping at the same time).

But the Price of Bitcoin is  38,000$ now mate , 33,000 has been the value since 2days ago.
I'm Playing only now on sites that accept Dogecoin Since Ripple has already out of my currency for a while until the issue settled.

[Reatim]

Even Deposit really increased , Maybe that's about the Blockchain miner but still affecting our gambling activities .
I tried to deposit 50$and the transaction fee arise to 21$ ? look how huge that was ?

But good thing that until now i have not winning so I don't need to experience the High Withdrawal fee  

But i guess it's practical just to let our coins for a while in gambling site when this fee increasing happens ?
so sooner when the fee adjusted we can withdraw at lower value.

Time to use your own Bitcoin wallet my friend,,, there is no way at the current network line that you can pay even $2 for a next block confirmation (and that is counting the high price of BTC now).

Either you are not setting your own fees OR you have a lot of utxo which is why you should regularly consolidate.

Yeah i guess thats a Good idea, thanks for the heads up mate and will try dealing with this system.
I wanted to Enjoy the Sites specially in this booming market, when there are many promos available .

PErsonally, I do not withdraw my BTC until the fee makes sense (for me this means fee should never be higher than 0.5% of the withdrawal amount!).

OR. I gamble for my fee:p

Actually i am not into Withdrawal but Depositing , Because Like you if ever i Won big withdrawal will not come ASAP , and will wait for how long it takes until the congestion gone.

[Botnake]

Actually i am not into Withdrawal but Depositing , Because Like you if ever i Won big withdrawal will not come ASAP , and will wait for how long it takes until the congestion gone.

Great attitude though, most gamblers just want to withdraw whenever they win, and sometimes they don't care about the fees anymore, they just want to enjoy their winnings and then just come back to play again. It requires a lot of experience to gain that discipline like you do.

[chaser15]

Great attitude though, most gamblers just want to withdraw whenever they win, and sometimes they don't care about the fees anymore, they just want to enjoy their winnings and then just come back to play again. It requires a lot of experience to gain that discipline like you do.

Actually, I'm like that. As long as I want to withdraw, I don't bother with the fees because what else I can do if I really feel to withdraw it?

And most of the time, withdrawal fees are fixed so either the network is congested or the BTC price is rocketing, there's no difference at all.

[Lanatsa]

-

Bitcoin is pumping, it's not a good idea to use bitcoin if you are trying to save on fees, right, altcoins is the best solution for now as the party is only on bitcoin and altcoins remain calm as it was before, we don't know when bitcoin will settle, either it will continue to pump or will result to a bigger splash or dump, regardless, it will still make the network congested.

For me this is the time where i couldn't afford to lose even a single bitcoin for the sake of gambling. I would prefer to save it and hodl my bitcoin as much as the bitcoin market didn't yet settle and as i am expecting it will continue to go up its value to a higher than how much its value today. And it is a right decision i guess that we would use altcoins for transactions for the mean time till the market was in bullish state.
[/quote]

A dumb thing to be done if you do know that fees were high and you do still push yourself on making transactions in times like these but if you are a whale
that who doesn't care about those few bucks of fees then that would be good but not all are really that extravagant when it comes on paying fees.

Save it up for future investment and that would really be worth  but there are really some bitcoins which are really allocated for gambling but not really
worth to make transactions due to fees.

As of this writing the low priority transaction fee is $4+ which is way too high for most people.

[Kelvinid]

Great attitude though, most gamblers just want to withdraw whenever they win, and sometimes they don't care about the fees anymore, they just want to enjoy their winnings and then just come back to play again. It requires a lot of experience to gain that discipline like you do.

Actually, I'm like that. As long as I want to withdraw, I don't bother with the fees because what else I can do if I really feel to withdraw it?

And most of the time, withdrawal fees are fixed so either the network is congested or the BTC price is rocketing, there's no difference at all.

It gives us no choice at all. Paying high fees is a part of our budget and that we need to face that or else, let our money stuck there and wait for the fees to change. But the question is, How long? I can't imagine if gamblers will wait for a month, a year.

I still have money to pay and I'm not losing yet which makes me disappointed. I need the money and I want to withdraw it, those fees don't matter for me as well.

[shoreno]

Great attitude though, most gamblers just want to withdraw whenever they win, and sometimes they don't care about the fees anymore, they just want to enjoy their winnings and then just come back to play again. It requires a lot of experience to gain that discipline like you do.

Actually, I'm like that. As long as I want to withdraw, I don't bother with the fees because what else I can do if I really feel to withdraw it?

And most of the time, withdrawal fees are fixed so either the network is congested or the BTC price is rocketing, there's no difference at all.

same here i dont leave my funds any longer inside the casino but there are times that im badly need to withdraw but fees suddenly adjusted to a much higher rate , what else can i do ?

 nothing but to wait because my money arent going to be enough anymore for withdrawals if i attempt and i dont want to gamble any further just to cover those fees . last time i gamble further because of the fees , i only lost all my money . i felt so dumb that time

[maydna]

same here i dont leave my funds any longer inside the casino but there are times that im badly need to withdraw but fees suddenly adjusted to a much higher rate , what else can i do ?

 nothing but to wait because my money arent going to be enough anymore for withdrawals if i attempt and i dont want to gamble any further just to cover those fees . last time i gamble further because of the fees , i only lost all my money . i felt so dumb that time

Yes, I feel that too. That is why if the gambling site has an option to convert from Bitcoin to altcoin, that will help the gamblers to convert it, and they can send their money to the other wallet while they don't have to pay too many fees, especially if they want to withdraw for little money. We can't withdraw at that time because the money that we receive will be reduced too much.

But we can't blame the gambling site because they just adjust the fees based on the network. Perhaps, the high fees are not too different for people who own big money on the site, so when they want to have the money in a short time, they can withdraw it anytime.

[TravelMug]

Great attitude though, most gamblers just want to withdraw whenever they win, and sometimes they don't care about the fees anymore, they just want to enjoy their winnings and then just come back to play again. It requires a lot of experience to gain that discipline like you do.

Actually, I'm like that. As long as I want to withdraw, I don't bother with the fees because what else I can do if I really feel to withdraw it?

And most of the time, withdrawal fees are fixed so either the network is congested or the BTC price is rocketing, there's no difference at all.

It gives us no choice at all. Paying high fees is a part of our budget and that we need to face that or else, let our money stuck there and wait for the fees to change. But the question is, How long? I can't imagine if gamblers will wait for a month, a year.

I still have money to pay and I'm not losing yet which makes me disappointed. I need the money and I want to withdraw it, those fees don't matter for me as well.

I agree, if we really needed our winnings then obviously we don't have a choice but to withdraw and pay the high cost of fees today. That's why personally I have change my mindset gambling today, I seldom gamble now, unlike when the price of bitcoin and fees are not this high.

But for those gamblers who are willing, then I have nothing against you. I'm just trying to adjust myself and will probably bet occasionally if I see my favourite team or athletes.

Maybe gambling sites can offer other altcoins as an option to deposit and withdrawal, less fees and might faster. Unlike BTC and ETH today.

[Maus0728]

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?,

[dre1982]

same here i dont leave my funds any longer inside the casino but there are times that im badly need to withdraw but fees suddenly adjusted to a much higher rate , what else can i do ?

 nothing but to wait because my money arent going to be enough anymore for withdrawals if i attempt and i dont want to gamble any further just to cover those fees . last time i gamble further because of the fees , i only lost all my money . i felt so dumb that time

Yes, I feel that too. That is why if the gambling site has an option to convert from Bitcoin to altcoin, that will help the gamblers to convert it, and they can send their money to the other wallet while they don't have to pay too many fees, especially if they want to withdraw for little money. We can't withdraw at that time because the money that we receive will be reduced too much.

But we can't blame the gambling site because they just adjust the fees based on the network. Perhaps, the high fees are not too different for people who own big money on the site, so when they want to have the money in a short time, they can withdraw it anytime.

Converting bitcoin to altcoin is very hellful for the players to save fees because we know the fees of the altcoin is more cheaper than the bitcoin like the XRP it will good as alternative way for us to save money  also the only seconds the coin is already in your wallet unless you use bitcoin wirh high fees  and also needs hours to confirmed the transaction and the others wait more days.

But you have to be careful which altcoin you pick. If you used XRP before you can have lost a lot of money. In that case it was still profitable to just pay the higher bitcoin fee.

Normally I use Doge when it's low (around the 15-7sat). Once in a while it being pumped and then you can get some extra profit.

[swogerino]

I am happy to use Altcoin fees whenever I can but for the moment the only casino and sportbook where I play which happens to be the same as the one in my signature still continues to pay withdrawal fees for us.Whenever it stops if it ever does so it also offers Litecoin so I am not worried about this type of fees.

[mu_enrico]

About converting to altcoins, it depends on the method. Some casinos still need the tx fee to send BTC to instant exchanges (like ChangeNow et al.), and that's not good!

But you have to be careful which altcoin you pick. If you used XRP before you can have lost a lot of money.

That's wrong. It would be best to convert the altcoin to BTC asap on the exchange so you won't bear the risk. In other words, you withdraw directly to the exchange.
Even with XRP or TRX, the potential losses were minimal and less than BTC tx fees most of the time.

[famososMuertos]

...//...:

We are in the same frequency of casino wallets. (!?) Because your comment would enter the use of traditionals wallets,  so you cannot wait for the commission is what they put you. As you can see at least from the casinos listed here, only one offers the possibility of using fees to your liking.

...//...:

Only one casino of those named here offers LN and in the reality of the improvements that it can grant depends on the users not the casinos, currently there is not much diffusion among the users in its execution because if they can know it but using it is another thing.

Electrum, for example, in its latest version, basically its improvements are given mainly by those related to the use of LN.

It is something more related to diffusion and that its use by users begins to spread more, this would make casinos enthusiastic and create options with LN.

[maydna]

Converting bitcoin to altcoin is very hellful for the players to save fees because we know the fees of the altcoin is more cheaper than the bitcoin like the XRP it will good as alternative way for us to save money  also the only seconds the coin is already in your wallet unless you use bitcoin wirh high fees  and also needs hours to confirmed the transaction and the others wait more days.

But you have to be careful which altcoin you pick. If you used XRP before you can have lost a lot of money. In that case it was still profitable to just pay the higher bitcoin fee.

Normally I use Doge when it's low (around the 15-7sat). Once in a while it being pumped and then you can get some extra profit.

Dogecoin is one of the altcoins that many gambling sites have, besides ethereum and litecoin. And as one of the old coins at the market, Dogecoin has a low fee of the transaction, which will help us convert it from bitcoin into Dogecoin. Perhaps you don't have to sell your Dogecoin if the price does not increase, so you can convert it many times and only wait for the price increases. Sometimes, Dogecoin price can jump to the higher price, and even if the price is rising only 3-5 satoshi, if you have a big amount of Dogecoin, your profit will be bigger.

[MCobian]

I am happy to use Altcoin fees whenever I can but for the moment the only casino and sportbook where I play which happens to be the same as the one in my signature still continues to pay withdrawal fees for us.Whenever it stops if it ever does so it also offers Litecoin so I am not worried about this type of fees.

It's true that Sportsbet does pay withdrawal fees for its users, this allows using Sportsbet to prevent the withdrawal of fees that increase at some
casinos. But as you said, using altcoins allows us to avoid high withdrawal fees. Because based on my experience playing in various casinos,
if making withdrawals using altcoins it is proven to have fees that are much lower than Bitcoin. I often use Dogecoin to choose as a withdrawal
method, because Dogecoin is known to have cheap and fast fees.