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Author Topic: Transactions Fees x Gambling  (Read 1371 times)
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April 10, 2021, 12:52:42 AM
 #21

The best option here is to replace by fee if OP wants to continue using ETH, and if not, following the trend of using Litecoin should be ideal as well. Did a bit of looking up and FJ seems to accept Litecoin anyway, so OP can buy it directly from an exchange and just send it to his account, the fees shouldn't matter much by then. If OP was using coinsph to buy though, might be better to do it in XRP, then convert it in an exchange then send it to the account, since XRP fees on coins are much lower compared to its other options.

I myself don't particularly play much, though if I do ever play, I just bear with the fees or find an optimal time to do my trades when fees are low. I started just gathering my funds for a month or two then do one big transaction that could last myself say, 2 months of playing or so (if I could bear to stop midway sometimes).

R


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April 10, 2021, 03:54:06 AM
 #22

Don't use Ethereum to make a deposit, just use Bitcoin ...

Deposit your other cryptocurrencies such as Doge, Tron or others to FTX, then convert them to Bitcoin (Free) then withdraw your Bitcoin to the gambling site you want at no cost (Free).

Conclusion: Just Use FTX

R


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April 10, 2021, 04:51:34 AM
 #23

you can try converting your eth to another cheaper coin . is the wallet you use is coins.ph ?  that wallet supports xrp and bch  . you can try either of these two if btc and eth transaction fee are still high , thats what im doing as im also using the same wallet as you or you can continue playing on the site you mention because they accept fiat and no need for you to convert your crypto and incure extra fees .
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April 10, 2021, 05:01:22 AM
 #24

This has been My problem last year that's Why i decided to maintain a USDT funds in Binance so once i need funds to transfer in my gambling wallet i can easily convert to other altcoin aside from Bitcoin and ETH .

try to maintain funds in exchange from now on Mate, this will make you ready at anytime you needed funds to play.









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April 10, 2021, 06:22:10 AM
Last edit: April 10, 2021, 06:42:23 AM by ralle14
 #25

I also had issues with the fees back then as gambling sites kept the high fees but as of now not so much since there's a few gambling sites that credits deposit instantly like sportsbet for example and provide free withdrawal fees. If you can find other gambling sites that have instant deposits you'll save a lot on the fees and not worry about using an exchange. If I really prefer to play on a site that requires a confirmation then i'll go for a better exchange like Binance to convert my bitcoins for better rates or use an instant exchange similar to coinswitch so it's immediately sent to my gambling account in one go.  

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April 10, 2021, 06:22:44 AM
 #26

Try to find a local user where you can ask for an internal exchange. Based on the screenshot, it was coins.ph exchange where there is an internal transfer feature between their users. Your coins.ph fees to their gambling site funds.

The gambling site should also have an internal transfer feature like Betnomi, Stake, etc.

Definitely, no fees but the downside is if there's someone willing to make a trade on locals regarding that.
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April 10, 2021, 06:23:39 AM
 #27

Due to the insane transaction fees, gambling sites are adopting more altcoins into their platform and one of the most added cryptos in the recent time is DOGE so if you don't want to gamble with your fiat then buy DOGE with your fiat money on any accepted exchange then move the funds to your gambling accounts and all the cost will be less than $2.









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April 10, 2021, 11:21:49 AM
 #28

Due to the insane transaction fees, gambling sites are adopting more altcoins into their platform and one of the most added cryptos in the recent time is DOGE so if you don't want to gamble with your fiat then buy DOGE with your fiat money on any accepted exchange then move the funds to your gambling accounts and all the cost will be less than $2.

These days that rising fees is very worst as expected, I think altcoins to be used for funds transfers is really a good alternative. DOGE is a good coin, but I wanted to recommend for everybody that xrp and other promising coins will be added to their selections.
On that idea, altcoins market would also soar higher and generate more worthiness for everybody who owns those coins.
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April 10, 2021, 11:24:45 AM
 #29

Due to the insane transaction fees, gambling sites are adopting more altcoins into their platform and one of the most added cryptos in the recent time is DOGE so if you don't want to gamble with your fiat then buy DOGE with your fiat money on any accepted exchange then move the funds to your gambling accounts and all the cost will be less than $2.

These days that rising fees is very worst as expected, I think altcoins to be used for funds transfers is really a good alternative. DOGE is a good coin, but I wanted to recommend for everybody that xrp and other promising coins will be added to their selections.
On that idea, altcoins market would also soar higher and generate more worthiness for everybody who owns those coins.

Many are so skeptical about xrp since many says that this is not a coin. But to be honest I'm xrp user so far it really save me some fees brought by other top alts thats why I'd rather select this to be added on casino next to doge since its really take less fees everytime we do on depositing or even in withdrawals.

R


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April 10, 2021, 11:34:34 AM
 #30

Hey guys, I was wondering on how do you fund your Gambling Account if we currently have high fees on ERC20 and Bitcoin?
<snip>
The best option here if this are the only coins in your holdings is searching for a gambling platform that accept other altcoins rather than the ETH or bitcoin, by so doing you can swap these ETH ot BTC to your wanted or available atcoins in the platform which will save fee. These two mentioned coins aren't in my list of gambling out becasue of their potentials in future, i have regretted my actions before now and won't afford another.

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April 10, 2021, 11:55:16 AM
 #31

Using coins.ph is not a good idea, there's an XRP in the wallet as a choice, why not use XRP instead, I guess some gambling sites like bitsler are accepting XRP for deposit, I'm not sure what games do you like to play, but if you want to get ride of high fees, always use altcoins with huge supply.

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April 10, 2021, 12:40:28 PM
 #32

Using coins.ph is not a good idea,
not a good idea because this wallet is a custodial wallet but i think choosing different wallet will not lower the fee if you use eth .

Quote
there's an XRP in the wallet as a choice, why not use XRP instead, I guess some gambling sites like bitsler are accepting XRP for deposit, I'm not sure what games do you like to play, but if you want to get ride of high fees, always use altcoins with huge supply.
xrp is a risky coin and op edit his post  . his funds are in his metamask and he dont have a gas and eth is the only coin that is needed to have a gas .

op , your promoting a gambling site but is this the crypto site you use to play ? you can use your gambling accounts deposit address . to save fees
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April 10, 2021, 12:42:10 PM
 #33

I try not to transfer funds from MEW to gambling sites precisely because of high commissions. If I need to send ETH I send it from crypto exchange FTX with 0.001 ETH fee, and to the exchange itself I send funds through USDT TRC-20.  

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April 10, 2021, 12:53:35 PM
 #34

Hey guys, I was wondering on how do you fund your Gambling Account if we currently have high fees on ERC20 and Bitcoin?
<snip>
The best option here if this are the only coins in your holdings is searching for a gambling platform that accept other altcoins rather than the ETH or bitcoin, by so doing you can swap these ETH ot BTC to your wanted or available atcoins in the platform which will save fee. These two mentioned coins aren't in my list of gambling out becasue of their potentials in future, i have regretted my actions before now and won't afford another.
^ We know that these two leading coins are having very high fees upon having transaction and I am sure OP was aware of this, plus another factor if you will use a custodial wallet, you can not lower the fees instead, it will add more fees. Probably there is nothing we can do here is to avoid these two leading cryptocurrencies' use, if there is a fiat option or either other altcoins to use is much better, TRX or XRP still the best for any transaction even it is a microtransaction. I think OP is not new in the crypto space and there too many alternatives if OP really wants to.
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April 10, 2021, 01:40:22 PM
 #35

I try not to transfer funds from MEW to gambling sites precisely because of high commissions. If I need to send ETH I send it from crypto exchange FTX with 0.001 ETH fee, and to the exchange itself I send funds through USDT TRC-20.  

That's only 2 usd at the present price, not bad for ETH transaction.

I guess I'll check this exchange, I have not use this before, the fee is really cheap compared to other exchanges, so it's a great help for gamblers with small bankroll.

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April 10, 2021, 01:46:31 PM
 #36

I try not to transfer funds from MEW to gambling sites precisely because of high commissions. If I need to send ETH I send it from crypto exchange FTX with 0.001 ETH fee, and to the exchange itself I send funds through USDT TRC-20.  

That's only 2 usd at the present price, not bad for ETH transaction.

I guess I'll check this exchange, I have not use this before, the fee is really cheap compared to other exchanges, so it's a great help for gamblers with small bankroll.
In our situation now having 2$ as transaction fee in Ethereum and Bitcoin network will be very very Low and must be thankful.

I have experienced already having more than 20$ fee in almost the same amount as the fee lol  Cheesy

Using coins.ph is not a good idea, there's an XRP in the wallet as a choice, why not use XRP instead, I guess some gambling sites like bitsler are accepting XRP for deposit, I'm not sure what games do you like to play, but if you want to get ride of high fees, always use altcoins with huge supply.
Why Said not a Good idea using Coins.ph wallet when there is an XRP on there? i think best to say is "Using Ethereum or Bitcoin In Coins.ph wallet" is not a Good Idea, Better Rephrase that part.
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April 10, 2021, 02:14:44 PM
 #37

That's a huge fee. With the current price of ethereum, the transaction value seems to be $215 worth of ETH. For the $215 worth of ETH the fee is around $40. This is really high. One fifth of the amount getting charged as transaction, over the past few months the ETH network fee is quite high and we don't know how things gonna change. As of now it is always good to hold ETH on platforms where we've got swapping access. With swapping the fee seems to be low than ETH gas fee.

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April 10, 2021, 02:15:23 PM
 #38

I try not to transfer funds from MEW to gambling sites precisely because of high commissions. If I need to send ETH I send it from crypto exchange FTX with 0.001 ETH fee, and to the exchange itself I send funds through USDT TRC-20.  

That's only 2 usd at the present price, not bad for ETH transaction.

I guess I'll check this exchange, I have not use this before, the fee is really cheap compared to other exchanges, so it's a great help for gamblers with small bankroll.
In our situation now having 2$ as transaction fee in Ethereum and Bitcoin network will be very very Low and must be thankful.

I have experienced already having more than 20$ fee in almost the same amount as the fee lol  Cheesy


Some exchanges are just overcharging on fees, they are way higher than the actual network fee, when using my Electrum wallet, I'm paying like $2 to $4 transaction fee and it I get a decent confirmation time already, but in some exchanges, you'll have to pay BTC0.0005 or BTC0.001 fix.

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April 10, 2021, 03:13:06 PM
 #39

I make bets with cheap coins such as DOGE or TRX. It feels like you are getting robbed when you use ETH network. BTC is also not a good option to make bets. XRP can also be used, it depends on which website you use to make bets. Check out supported coins and choose the cheapest one.

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April 10, 2021, 03:23:42 PM
 #40

There are currently various gambling casino that offers others crypto other than bitcoin and ethereum on their platform. You can check and try them out and deposit with the most convenient crypto and the least fee you can find.

If the gambling casino that you want to play to doesn't offer other crypto other than bitcoin and ethereum then you might as well lower the fees which is an option on the wallet that you are using which is metamask. It might take longer to process but the fee won't be as high. Same goes to bitcoin.

Also, based on the image you've posted, it came from coins wallet which is ,for me, has one of the highest fees when transferring. I suggest you don't use that wallet for transferring crypto and only use it for withdrawal.

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