Transactions Fees x Gambling

[seleme]

I prefer to use altcoins for funding the gambling accounts, the top cryptocurrencies have insane withdrawal and transaction fees. XRP or LTC has an average fee and it is faster to top-up an account or request a withdrawal of less than $0.2. For gambling platforms ask either BTC or ETH, I use Kraken exchange that has the lowest Gas fee for withdrawing from the exchange.

P.S Just check the funding section on the exchange after login and check the min amount for each cryptocurrency to avoid the problem. ETH deposits are not a good idea, the Kraken exchange deducts a fee for ETH deposits.

[1715125073]

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[1715125073]

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[1715125073]

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[Finestream]

I prefer to use altcoins for funding the gambling accounts, the top cryptocurrencies have insane withdrawal and transaction fees. XRP or LTC has an average fee and it is faster to top-up an account or request a withdrawal of less than $0.2. For gambling platforms ask either BTC or ETH, I use Kraken exchange that has the lowest Gas fee for withdrawing from the exchange.

I've never use kraken yet, can you give us an idea how much is the fee for bitcoin and Ethereum withdrwal respectively?

less than 1 usd is okay, paying 10 usd and higher is really like stealing our money if we are not really gambling with some big amount, we want to save as much as we can so we can still have our desired bankroll after sending money to a certain gambling site.

[seleme]

I prefer to use altcoins for funding the gambling accounts, the top cryptocurrencies have insane withdrawal and transaction fees. XRP or LTC has an average fee and it is faster to top-up an account or request a withdrawal of less than $0.2. For gambling platforms ask either BTC or ETH, I use Kraken exchange that has the lowest Gas fee for withdrawing from the exchange.

I've never use kraken yet, can you give us an idea how much is the fee for bitcoin and Ethereum withdrwal respectively?

less than 1 usd is okay, paying 10 usd and higher is really like stealing our money if we are not really gambling with some big amount, we want to save as much as we can so we can still have our desired bankroll after sending money to a certain gambling site.

Kraken is the best and cost-friendly exchange unless you trade more than $1000 during the week. The ETH withdrawal fee is around $3 last time when I needed ETH to fill up Duelbits account while the other alternatives have huge transaction costs. Just send altcoins to Kraken and trade for ETH, pay $3 which is higher than $10 on other exchanges and you are good to go
This is my own method to avoid paying high fees, if someone feels this method suits his trading style better check this exchange or go for another alternative one. Just my 2 cents.

[dunfida]

I'm transacting in my binance account now, and their withdrawal fee is only 0.25 xrp or .346 usd at the current price of XRP... it's a little bit higher as XRP is pumping but anything below 1 usd per transaction is good.

Coins.ph has 4 coins available, BTC, BCH, XRP, and ETH.. all the 3 exept XRP has a high transaction fee, so XRP is always the best option.

Much aware of this local wallet but they do have big gaps between buy and sell which is ridiculously high compared to other wallets but well we do have our own choice though
as long we can able to save up fees then that what matter most.Anything below $1 would already be considerable.Fees now on Bitcoin isnt really that much high
because it do normalize once the network isnt already clogged or in high traffic unlike on ETH that the fee is still on the rood.Dont know
on whats happening on that one.

[Saint-loup]

I prefer to use altcoins for funding the gambling accounts, the top cryptocurrencies have insane withdrawal and transaction fees. XRP or LTC has an average fee and it is faster to top-up an account or request a withdrawal of less than $0.2. For gambling platforms ask either BTC or ETH, I use Kraken exchange that has the lowest Gas fee for withdrawing from the exchange.

I've never use kraken yet, can you give us an idea how much is the fee for bitcoin and Ethereum withdrwal respectively?

less than 1 usd is okay, paying 10 usd and higher is really like stealing our money if we are not really gambling with some big amount, we want to save as much as we can so we can still have our desired bankroll after sending money to a certain gambling site.

Kraken is the best and cost-friendly exchange unless you trade more than $1000 during the week. The ETH withdrawal fee is around $3 last time when I needed ETH to fill up Duelbits account while the other alternatives have huge transaction costs. Just send altcoins to Kraken and trade for ETH, pay $3 which is higher than $10 on other exchanges and you are good to go

Their withdrawal fees are maybe quite cheap for Ethereum but for Bitcoin they cost almost 10USD. Currently you need 15 000 sats to make a withdrawal in BTC from a Kraken account, I don't think it's cheaper than most of exchanges currently.
https://support.kraken.com/hc/en-us/articles/360000767986-Cryptocurrency-withdrawal-fees-and-minimums

[hulla]

I prefer to use altcoins for funding the gambling accounts, the top cryptocurrencies have insane withdrawal and transaction fees. XRP or LTC has an average fee and it is faster to top-up an account or request a withdrawal of less than $0.2. For gambling platforms ask either BTC or ETH, I use Kraken exchange that has the lowest Gas fee for withdrawing from the exchange.

I've never use kraken yet, can you give us an idea how much is the fee for bitcoin and Ethereum withdrwal respectively?

less than 1 usd is okay, paying 10 usd and higher is really like stealing our money if we are not really gambling with some big amount, we want to save as much as we can so we can still have our desired bankroll after sending money to a certain gambling site.

Kraken is the best and cost-friendly exchange unless you trade more than $1000 during the week. The ETH withdrawal fee is around $3 last time when I needed ETH to fill up Duelbits account while the other alternatives have huge transaction costs. Just send altcoins to Kraken and trade for ETH, pay $3 which is higher than $10 on other exchanges and you are good to go

Their withdrawal fees are maybe quite cheap for Ethereum but for Bitcoin they cost almost 10USD. Currently you need 15 000 sats to make a withdrawal in BTC from a Kraken account, I don't think it's cheaper than most of exchanges currently.
https://support.kraken.com/hc/en-us/articles/360000767986-Cryptocurrency-withdrawal-fees-and-minimums

Each exchange has there own advantages and disadvantages but I think luno and binance seem to have competition withdrawn fee. However, Litecoin is the best altcoin to use these days and Bitcoin can also be another option if send from personal Bech wallet when the Bitcoin network fee is down especially when it the weekend.

[madnessteat]

Kraken is the best and cost-friendly exchange unless you trade more than $1000 during the week. The ETH withdrawal fee is around $3 last time when I needed ETH to fill up Duelbits account while the other alternatives have huge transaction costs. Just send altcoins to Kraken and trade for ETH, pay $3 which is higher than $10 on other exchanges and you are good to go

If you want to save almost a dollar per ETH transaction, just use the method I wrote above.  

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.  

ETH withdrawal on this exchange used to be completely free, but they upped it to 0.001 ETH some time ago. I use this method not only for sending ETH to gaming sites. My mining rig mines ETH directly to my exchange address.

[Renampun]

...

*the high gas fee is like raping the gambling players 'lol'...
usually, I just choose the cheapest option to make a deposit to my gambling account. I am not a heavy gambler and also have big capital, therefore the high fees will definitely make me resign, fortunately now the gambling site has provided the cheapest option for its customers to make deposits.

[Lorence.xD]

*the high gas fee is like raping the gambling players 'lol'...
usually, I just choose the cheapest option to make a deposit to my gambling account. I am not a heavy gambler and also have big capital, therefore the high fees will definitely make me resign, fortunately now the gambling site has provided the cheapest option for its customers to make deposits.

That's what my friend does now that the gas fees are so expensive, they find the cheapest option AFAIK, my friend is using Litecoin and other inexpensive coin to make the gas fees lower than what ETH has. Pretty good that gambling adds that option too but if you don't really want the high gas fees, I think that you should stop gambling then.

[KTChampions]

If you want minimal volatility then you can use stable coins. For example, USDT on Ripple's blockchain, I don't know how widespread they are among casinos (is it possible to replenish a deposit using them), but taking into account the minimum commissions, this would be an ideal solution.

Be careful, currently there is no official USDT (Tether) on the Ripple's blockchain according to the Tether official balances : https://wallet.tether.to/transparency
So it could be scam tokens if they really call themselves "USDT" on ripple. It's better to use Tethers on the Tron blockchain in my opinion, it's the third blockchain with the highest liquidity of USDT but fees are currently way lower than the BTC blockchain (Omni) and the Ethereum one.

Thanks for the amendment! I confused it with USDT on the Tron blockchain. I myself use USDT only on the basis of the ETH, so I lost sight of this point. I hope I have not misled anyone and no "fake" tokens will be advertised by me 
In addition, I hope that the ETH will solve the problem of large commissions and I will be able to use USDT as before, now they are dead weight.

[Viscore]

If you want minimal volatility then you can use stable coins. For example, USDT on Ripple's blockchain, I don't know how widespread they are among casinos (is it possible to replenish a deposit using them), but taking into account the minimum commissions, this would be an ideal solution.

Be careful, currently there is no official USDT (Tether) on the Ripple's blockchain according to the Tether official balances : https://wallet.tether.to/transparency
So it could be scam tokens if they really call themselves "USDT" on ripple. It's better to use Tethers on the Tron blockchain in my opinion, it's the third blockchain with the highest liquidity of USDT but fees are currently way lower than the BTC blockchain (Omni) and the Ethereum one.

Thanks for the amendment! I confused it with USDT on the Tron blockchain. I myself use USDT only on the basis of the ETH, so I lost sight of this point. I hope I have not misled anyone and no "fake" tokens will be advertised by me 
In addition, I hope that the ETH will solve the problem of large commissions and I will be able to use USDT as before, now they are dead weight.

USDT has the highest liquidity, it will increase more as this problem will be solve, anything related to ETH is not good for gambling now as its fees are not reasonable for most of us, we have to look for other option but we know this bull run will not be forever, so everything will be back to normal.

[vintages]

*the high gas fee is like raping the gambling players 'lol'...

Hahah...True.
My go-to is always to use any altcoin with the cheapest transaction fee which the site accepts. In rare cases when I use Bitcoin to gamble is if I receive bitcoin payment in my gambling wallet, which is not sent by me. Also, as a non-frequent gambler, it has really helped with issues with high transaction fees.

[AmoreJaz]

*the high gas fee is like raping the gambling players 'lol'...
usually, I just choose the cheapest option to make a deposit to my gambling account. I am not a heavy gambler and also have big capital, therefore the high fees will definitely make me resign, fortunately now the gambling site has provided the cheapest option for its customers to make deposits.

That's what my friend does now that the gas fees are so expensive, they find the cheapest option AFAIK, my friend is using Litecoin and other inexpensive coin to make the gas fees lower than what ETH has. Pretty good that gambling adds that option too but if you don't really want the high gas fees, I think that you should stop gambling then.

there are so many options now. casinos are understanding the current prob in eth network, so some are really trying to add other alts with economical fees. but if someone insists to use eth, then i guess thats his prob already.
and also, it is better to keep your eth in your wallet. their berlin hard fork is this month. so curious how it will affect with their price and to how much they will increase? and also are we going to start seeing some improvements in their gas efficiency?

[aioc]

Hey guys, I was wondering on how do you fund your Gambling Account if we currently have high fees on ERC20 and Bitcoin?
As I can't even touch my own wallet due to this, even if I want to spend fiat in exchange of eth to funds my gas its not worth it as I'm doing 2 transactions and it would cost me ~100$ just to fund my wallet..., I'm currently playing at mwplay88.com where money on my country is the only being accepted (currently) so I can still play slots but only with fiat.

Can you share how you do during this time? And what advise you can tell me about so I can still play?

-cabalism13

I can also say damn these fees, I cannot think of a better option to fund my account with Bitcoin and Ethereum, I'm a small gambler and the fees that will incur is going to hurt my pocket, like all the other players I opted for Tron, Litecoin, Xrp, and other coins that the gambling site I'm playing is offering, I missed those days when a $20 Ethereum deposit will cost you 5 cents, now what $20 Eth deposit will incur you $15 transaction fee.

It's not fun anymore, those gambling sites that only use Ethereum and Bitcoin are going to lose players if they insist on using these two

[Hamphser]

Hey guys, I was wondering on how do you fund your Gambling Account if we currently have high fees on ERC20 and Bitcoin?
As I can't even touch my own wallet due to this, even if I want to spend fiat in exchange of eth to funds my gas its not worth it as I'm doing 2 transactions and it would cost me ~100$ just to fund my wallet..., I'm currently playing at mwplay88.com where money on my country is the only being accepted (currently) so I can still play slots but only with fiat.

Can you share how you do during this time? And what advise you can tell me about so I can still play?

-cabalism13

I can also say damn these fees, I cannot think of a better option to fund my account with Bitcoin and Ethereum, I'm a small gambler and the fees that will incur is going to hurt my pocket, like all the other players I opted for Tron, Litecoin, Xrp, and other coins that the gambling site I'm playing is offering, I missed those days when a $20 Ethereum deposit will cost you 5 cents, now what $20 Eth deposit will incur you $15 transaction fee.

It's not fun anymore, those gambling sites that only use Ethereum and Bitcoin are going to lose players if they insist on using these two

Common reaction for those people who had been used to pay up with fees which are less that a dollar.This is what we wanted and now its a bit stressing that we cant make out transactions into
these coins that we wanted to play because of horrible fees.

Not all are really that rich or extravagant on paying up those fees even though it might be small for some people but for majority it wont be a small amount.It isnt worth to make
transactions on having these fees.

Good thing that we do have lots of alternatives that we can used on and majority of sites now does have included those coins.

[Sithara007]

there are so many options now. casinos are understanding the current prob in eth network, so some are really trying to add other alts with economical fees. but if someone insists to use eth, then i guess thats his prob already.
and also, it is better to keep your eth in your wallet. their berlin hard fork is this month. so curious how it will affect with their price and to how much they will increase? and also are we going to start seeing some improvements in their gas efficiency?

The Berlin hard fork is supposed to increase the efficiency of gas fee usage. But I am skeptical about it, because of their broken promises so far. The hard fork will be officially activated tomorrow (14th April). Another upgrade of the Ethereum network is scheduled for July 2021 (London hard fork). Some of the users are claiming that the London hard fork will have a more significant impact on the fee levels, but the Berlin fork will be having only a minimal effect.

[Lorence.xD]

~

there are so many options now. casinos are understanding the current prob in eth network, so some are really trying to add other alts with economical fees. but if someone insists to use eth, then i guess thats his prob already.
and also, it is better to keep your eth in your wallet. their berlin hard fork is this month. so curious how it will affect with their price and to how much they will increase? and also are we going to start seeing some improvements in their gas efficiency?

I hope that they are going to address that problem a lot of people are having a hard time with their current gas fees but I am sure that they are already working on it.

[Ararbermas]

i see you're using a coins.ph wallet which really had  unaffordable fee's this time, it's very surprising indeed . If i were you try to convert your assets to XRP through coins.ph and send it to another wallet that has the same features with coins such has ^{BTC,XRP, BCH, ETH} before you convert it to ETH again , probably it will not cost a lot of fees when it comes sending to another wallet since XRP still low.  I actually try to convert my XRP in coins.ph and seems not to much in my opinion, unlike converting BTC..  

[michellee]

Hey guys, I was wondering on how do you fund your Gambling Account if we currently have high fees on ERC20 and Bitcoin?
As I can't even touch my own wallet due to this, even if I want to spend fiat in exchange of eth to funds my gas its not worth it as I'm doing 2 transactions and it would cost me ~100$ just to fund my wallet..., I'm currently playing at mwplay88.com where money on my country is the only being accepted (currently) so I can still play slots but only with fiat.

Can you share how you do during this time? And what advise you can tell me about so I can still play?

-cabalism13

I can also say damn these fees, I cannot think of a better option to fund my account with Bitcoin and Ethereum, I'm a small gambler and the fees that will incur is going to hurt my pocket, like all the other players I opted for Tron, Litecoin, Xrp, and other coins that the gambling site I'm playing is offering, I missed those days when a $20 Ethereum deposit will cost you 5 cents, now what $20 Eth deposit will incur you $15 transaction fee.

It's not fun anymore, those gambling sites that only use Ethereum and Bitcoin are going to lose players if they insist on using these two

Maybe the gambling site needs to evolve to something new, which can help gamblers still gamble using the crypto. I am sure the casino will be committed to doing their best to use the other coins, which is not too high on the fees.

Yeah, I also missed that day, but I really miss when dogecoin price is at a very low price because I can buy 10k with only small money of satoshi

I think not many casino use Tron and XRP, but many casino support Litecoin to deposit and withdraw. And the casino also has Dogecoin to gamble too.

[bitbollo]

my suggestion: use another crypto currency or switch to another bookmaker.
it's very expensive use eth or any erc20 for betting unless you are using a big stake. plus if you're not confident with these type of transactions you can waste useful gas fees!

Litecoin and Dogecoin offering a cheap solution. Anyway I will be focused also in using cash since the save will be impressive respect crypto fees.