Introducing Crypto Arcade by Cloudbet⚡️ | Best Provably Fair Games Hub

[Pmalek]

and I don't like that you can charge 5% on deposits and withdrawals to cover transaction costs.

I had a look at their Terms and Conditions, and in 7.3.6 they do mention that they can deduct 5% from your balance when you initiate a withdrawal. But they are not going to charge you for deposits because they are not the ones paying the transaction fees on deposits. Transaction fees could be deducted from the amount you deposited, but only to cover network fees when you withdraw from the site.     

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[qory]

and I don't like that you can charge 5% on deposits and withdrawals to cover transaction costs.

I had a look at their Terms and Conditions, and in 7.3.6 they do mention that they can deduct 5% from your balance when you initiate a withdrawal. But they are not going to charge you for deposits because they are not the ones paying the transaction fees on deposits. Transaction fees could be deducted from the amount you deposited, but only to cover network fees when you withdraw from the site.    

5% is really unacceptable for a payout. So if you were to request a payment of approximately USD 10,000, you would simply have to throw away USD 500. That is a lot of money to pay for just a fee. Isn't that necessary for anything? since they probably work with their own server. 500usd fee then yo can cover the fees for 100 people.

[KennyR]

and I don't like that you can charge 5% on deposits and withdrawals to cover transaction costs.

I had a look at their Terms and Conditions, and in 7.3.6 they do mention that they can deduct 5% from your balance when you initiate a withdrawal. But they are not going to charge you for deposits because they are not the ones paying the transaction fees on deposits. Transaction fees could be deducted from the amount you deposited, but only to cover network fees when you withdraw from the site.     

5% is really unacceptable for a payout. So if you were to request a payment of approximately USD 10,000, you would simply have to throw away USD 500. That is a lot of money to pay for just a fee. Isn't that necessary for anything? since they probably work with their own server. 500usd fee then yo can cover the fees for 100 people.

When we talk about the small funds withdrawal the fee percentage looks small. As in the above quote, for a withdrawal of $10000 providing $500 as withdrawal fee is something very big. Cloudbet needs to reconsider this and should make changes to the withdrawal fee structure.

[imstillthebest]

and I don't like that you can charge 5% on deposits and withdrawals to cover transaction costs.

I had a look at their Terms and Conditions, and in 7.3.6 they do mention that they can deduct 5% from your balance when you initiate a withdrawal. But they are not going to charge you for deposits because they are not the ones paying the transaction fees on deposits. Transaction fees could be deducted from the amount you deposited, but only to cover network fees when you withdraw from the site.    

5% is really unacceptable for a payout. So if you were to request a payment of approximately USD 10,000, you would simply have to throw away USD 500. That is a lot of money to pay for just a fee. Isn't that necessary for anything? since they probably work with their own server. 500usd fee then yo can cover the fees for 100 people.

When we talk about the small funds withdrawal the fee percentage looks small. As in the above quote, for a withdrawal of $10000 providing $500 as withdrawal fee is something very big. Cloudbet needs to reconsider this and should make changes to the withdrawal fee structure.

They need to make the withdrawal fees fix like what many gambling sites are doing . Mostly they charge 5000 sats for a minimum withdrawal of 200k sats but the fee still the same for withdrawals over 200k sats .
 The issue is going to be on the small gamblers this time and not for the big gamblers that make big withdrawals because 5k sats is already big for small gamblers and its got even bigger now that btc price is over 29k u.s dollars but other than that this new game is a good addition to the old cloudbet games .

[Mahdirakib]

The 5% fee isn't fixed, it says they may charge up to 5%. And they only charge fee for withdrawals as you can see ‘Pmalek’ described above. Their terms and conditions page says,

7.1.9. We reserve the right to apply a handling charge of up to 5% on deposits and withdrawals to cover transaction costs.

I have asked their support to make it clear and mentioned about the fee details of T&C page. Support have given me the actual fee chart but said nothing about the 5% fee. Though he added that his given withdrawal fee chart is correct

The network transaction fee is 0.0005424 BTC for Bitcoin, 0.0004 ETH for Etherium, 10 USDT / USDC for Tether, 0.002 PAXG and 0.00000226 BCH for Bitcoincash withdrawals.

BTW, It's great that Cloudbet have added those classic games finally. Seems like we can place two different bets before every plane launch in aviator game. Personally I like this option much. Maybe the free play function doesn't working yet? Dice game have 3% house edge. Compared to other casino it seems high enough. Do you have any plan to lower it in future?

[Cloudbet]

Hi Hanuebu,

Checked the arcade section and observed that most games available are popular ones, but having to sign-up just to play for free is a con in my opinion though it is understandable when playing with real money obviously.

You can try our games through free play without signing up!

What is the house edge on all the games since I couldn't find any information related to this anywhere?

We are currently updating our site and the house edge will be available for Arcade games very soon.

[Cloudbet]

Hi Friends,

RTP values for Crypto Arcade games are now visible on the site again. Thank you for your patience.

Best,
Team Cloudbet

[toast]

this games looks great, i would like to try these out it's really good thing that you have free play feature so we could test out your games before we would try it in real coins. well i do like these games especially the mines.

[Cacingkemi]

Is there also an update about your sportsbook, for example? I think most people are interested in that. Maybe a bonus or promotion? I have never seen a signature campaign from you. Isn't that a an idea?

[Cloudbet]

Is there also an update about your sportsbook, for example? I think most people are interested in that. Maybe a bonus or promotion? I have never seen a signature campaign from you. Isn't that a an idea?

Hi Cacingkemi,

Thank you for your feedback. We believe you will be interested to read about our 2021 plans in our recent interview with The Gambling News. Let us know what you think!

Team Cloudbet