[Table] Withdrawal Fees and Withdrawal Amounts on Crypto Casinos

[ChuckBuck]

Oh,,, what a surprise! So far, I never thought there would be casinos that would allow their customers to withdraw money for free. How can they do that? The fee to make transactions with BTC is so high, how can they be free for thousands of customers, thousands of transactions per day. Even though there are a few names that I have never seen on this forum, I am really surprised 

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[ShowOff]

^ $10 is not reasonable on my side and probably from free withdrawal to $5 withdrawal fee is the right reasonable one.
I had rather choose a gambling site that has a free withdrawal even though the minimum that you can withdraw is quite a huge require amount, no one will withdraw a dust amount from the gambling site, and $200+ is quite a good amount to harvest from your gambling wallet. However, we saw that each gambling site has its own perspective way of having a withdrawal fee, I just wonder how they manage that system if that BTC network is congested then they have a free withdrawal, which means they will cover the cost of the fee. Well, that will pretty much lure gambler I think.

Free withdrawal fee are one of the promotional program that gambling site offer to their players and that's how the site can attract a lot of interest from players betting there. My guess is that they can consistently offer these free withdrawal because their income far exceed the fee incurred in sending player fund. Nothing is impossible for a site that is already popular enough to offer free withdrawal to its players. They have a lot to gain from losing the gamblers there, of course.

When the network is congested, I don't think they will activate RBF to speed up the withdrawal process either. Has someone ever seen a bitcoin withdrawal from a gambling site when the network was congested the transaction activated RBF?

[ChuckBuck]

Has someone ever seen a bitcoin withdrawal from a gambling site when the network was congested the transaction activated RBF?

Not yet, but even when the network is congested, I have never seen any withdrawal transactions from the casinos have not received confirmation. I don't know which way they used it, but the transactions from the casinos are always processed quickly and will be available in your wallet for a short time. Maybe transaction fees will be higher due to withdrawals request from many different customers?

[SquirrelJulietGarden]

Not yet, but even when the network is congested, I have never seen any withdrawal transactions from the casinos have not received confirmation. I don't know which way they used it, but the transactions from the casinos are always processed quickly and will be available in your wallet for a short time. Maybe transaction fees will be higher due to withdrawals request from many different customers?

Casinos or exchanges do batch transactions and they are able to spend transaction fee at top of mempool. They don't get loss on their sides because they charge very expensive withdrawal fee on customers. Very little casinos waive withdrawal fees for customers.

[Pmalek]

Btw, those fees are for BTC or ETH only? How about those gambling site that accepts other tokens which is less expensive when you withdraw it? 

The fees indicated on the table are for bitcoin only. I might consider adding ETH in the future, but it would be really difficult to keep track of every single coin and token out there. Bitcoin still remains the #1 gambling coin even if the miner fees are sometimes too high. 

Most of the gamblers have patronised gambling platform with free withdrawal fee, this attitude in the long run makes such company to be the most used and famous casino site. What do you think about this?

It's only natural that gamblers will play on sites that don't take a big chunk out of their profit when they withdraw their money. The best case scenario for a player is a casino that applies no withdrawal fees and has very low min. withdrawal requirements. But from a business perspective, that's only sustainable if the site gains enough profit from its players. 

@OP, One suggestion/question from me, wouldn't it be nice if you add one more column for the information about the feature of the casinos to avoid the high fees?
Perhaps there is an internal exchange/swap feature or something that allow users to withdraw the money in any available coins.

That makes sense and I could add a new column in the future that says: Internal exchange of coins: YES/NO. Something along those lines.

[DoublerHunter]

@OP, One suggestion/question from me, wouldn't it be nice if you add one more column for the information about the feature of the casinos to avoid the high fees?
Perhaps there is an internal exchange/swap feature or something that allow users to withdraw the money in any available coins.

That makes sense and I could add a new column in the future that says: Internal exchange of coins: YES/NO. Something along those lines.

^ That is a good suggestion, it is also important to know if there is an option that you can swap your BTC into the altcoins that have a cheaper transaction. Because sometimes when BTC networks have high congestion we need to find alternative coins that have a low transaction fee. But it is possible if you also include what altcoins can be exchanged on each of them? or it is impossible because it will probably need some space on the new column that you will add. Nevertheless, I understand that it will take time for you to keep up to date with this thread for maintaining such the latest information.

[romero121]

You've done a good work making a table with the data about the withdrawal fee and the minimum withdrawal amount. This will help users use the right website for gambling, because we can see more users mentioning about the withdrawal fee as an issue on different gambling site announcement threads.

[BitcoinHunt3r]

You've done a good work making a table with the data about the withdrawal fee and the minimum withdrawal amount. This will help users use the right website for gambling, because we can see more users mentioning about the withdrawal fee as an issue on different gambling site announcement threads.

Very useful for gamblers, previously I was stuck on one of the casino sites that apply minimum withdrawals. It was really annoying after I gambled for more than 2 hours when my balance grew x3 but was unable to withdraw and with this thread I hope other players don't experience the same thing as me.

[Fortify]

You've done a good work making a table with the data about the withdrawal fee and the minimum withdrawal amount. This will help users use the right website for gambling, because we can see more users mentioning about the withdrawal fee as an issue on different gambling site announcement threads.

Very useful for gamblers, previously I was stuck on one of the casino sites that apply minimum withdrawals. It was really annoying after I gambled for more than 2 hours when my balance grew x3 but was unable to withdraw and with this thread I hope other players don't experience the same thing as me.

On this basis, another possible addition might be something like a TrustPilot rating for each site in the format: 3.8 Stars (Out of 4 votes). It doesn't have to be trustpilot, but any sort of impartial review site that you can find which will cover the majority. That will give users an idea of any major problems with particular sites, the only downside is it can be a bit tilted if there are too few reviews (like 4 total for wolf.bet versus 54 for sportsbet.io). Including ratings might be a non-starter, but how about including the start date for each site as well? I feel that putting money on a casino site being that has been around for 8 years would be a lot safer than one that has been around since last year? You don't want to overclutter the table but that seems like a useful and short bit of info to add.

[ChuckBuck]

...Very little casinos waive withdrawal fees for customers.

Yes, it is less than the casinos that charge fees, however, it still exists there. So that means they used the profits from their activities to pay the transaction fees, right? It is a huge fee, a good return that not all casinos accept to give up.

That makes sense and I could add a new column in the future that says: Internal exchange of coins: YES/NO. Something along those lines.

A new column or a new topic? Do you think there's more information surrounding the currency exchanges of each platform? Could it be currency, exchange rate, fee if any for each currency?

[ralle14]

A new column or a new topic? Do you think there's more information surrounding the currency exchanges of each platform? Could it be currency, exchange rate, fee if any for each currency?

I think a new column is enough to cover the exchange because not many makes use of the casino exchange and it's usually for withdrawal and fee reasons which panjul already mentioned. Even if the rates and fees slightly differ from one another it probably doesn't matter that much given that it's the only option available for them to withdraw their funds.

[Pmalek]

I just wonder how they manage that system if that BTC network is congested then they have a free withdrawal, which means they will cover the cost of the fee.

I have often wondered that myself, and the only explanation I could come up with is that they make so much money that they don't bother introducing withdrawal fees for its players. And we aren't talking about small amounts either. In some cases the fees when withdrawing from some casinos have known to be $30-50 worth of bitcoin. Now imagine 100s of players withdrawing money during such a period of congestion? 

And I want to know that, how frequently you will update the full table? Cause some casino have dynamic fee option and the withdrawal fee may change within a short time at those casino. It would be really tough for you to gather all those information and update them timely.

The dynamic fees change every minute and it's impossible to have precise data in my table. I will check it from time to time, but it doesn't make much sense doing it often because a few hours after the update, it's going to be wrong again. 

<Snip>

Exactly. If you notice something is off, voice your opinion, and feel free to offer corrections and suggestions. 

I have a suggestion to OP, can you also include the official website on each perspective gambling site? This concern will perhaps avoid possible phishing link though there is BTCGOSU’s reviews link but I think it would be better if you will include directly on this thread.

Good point. It makes sense, so I will add hyperlinks under the first column where the names of the casinos are mentioned.   

[samcrypto]

This is a big picture of those gambling sites with regards to their withdrawals, this can be a big help to those who are looking for a new gambling site to play with since the fees of the network keeps on rising. Btw, those fees are for BTC or ETH only? How about those gambling site that accepts other tokens which is less expensive when you withdraw it? 

ETH fees are decreasing already though its still not sure if it will last but the list is all about BTC which is very common crypto that is being used in gambling. Aside from ETH and BTC, most of the cryptos being used in gambling has a low withdrawal fee so the list for BTC is already fine. ETH can be added, OP will decide on this.

[Pmalek]

When the network is congested, I don't think they will activate RBF to speed up the withdrawal process either. Has someone ever seen a bitcoin withdrawal from a gambling site when the network was congested the transaction activated RBF?

Casinos tend to overpay on the network fees, so there is no need for RBF. Their withdrawals target next block confirmations, and I have personally never had to wait for more than 1-3 blocks for my withdrawal to get its first confirmation. Gamblers are impatience. Imagine if the casino would have them wait too long how many complains there would be in the respective ANN threads of those sites? 

But it is possible if you also include what altcoins can be exchanged on each of them? or it is impossible because it will probably need some space on the new column that you will add.

I will have to see how it looks first. If there is enough space, it could be added.

On this basis, another possible addition might be something like a TrustPilot rating for each site in the format: 3.8 Stars (Out of 4 votes).

...but how about including the start date for each site as well?

I have already received a few suggestions like including what altcoins are available, links to official websites, and if the casinos have an internal exchange. If I were to include ratings and how old the casinos are, I feel like there wouldn't be enough width on the table to hold all that.

A new column or a new topic? Do you think there's more information surrounding the currency exchanges of each platform? Could it be currency, exchange rate, fee if any for each currency?

A new column on the existing table in OP. It would be just a simple YES or NO so that the player knows whether or not such a service exists there. Everything else regarding the fees and requirements to use the exchange is up to the player to check.

[Eureka_07]

If you will withdraw using the Ethereum blockchain in Duelbits, as of writing, it will only cost you ~2 USD. That is the fee that will be deducted to your withdrawal. And recenlty, transactions on ethereum are way faster to be confirmed, and much much cheaper now than before. Better to use ETH for withdrawals if you want to save some money from tx fees.

[Saisher]

This is a good compilation for those looking for gambling sites to play, withdrawal fee is a big factor I have an experienced where I play on a gambling site only to find out that I will incur $20 from my $50 winnings, from them on I do research to check the withdrawal fee, it's very important for small players like me.

[ChuckBuck]

If you will withdraw using the Ethereum blockchain in Duelbits, as of writing, it will only cost you ~2 USD. That is the fee that will be deducted to your withdrawal. And recenlty, transactions on ethereum are way faster to be confirmed, and much much cheaper now than before. Better to use ETH for withdrawals if you want to save some money from tx fees.

What? Are you serious? How is it possible that the withdrawal fees with ETH are cheap compared to the rest? I haven't used Duelbits yet but it sounds absurd. Maybe, it's cheaper than BTC, but I don't think it's cheaper than other currencies. LTC or XRP are examples.

Everything else regarding the fees and requirements to use the exchange is up to the player to check.

If it were me, I think it would be better to have more information

[Pmalek]

Update: Hyperlinks to all casinos have been added on the table in OP.
If anyone notices a mistake or wrong link, feel free to comment, and I will take a look and correct it if needed.

[robelneo]

Oh,,, what a surprise! So far, I never thought there would be casinos that would allow their customers to withdraw money for free. How can they do that? The fee to make transactions with BTC is so high, how can they be free for thousands of customers, thousands of transactions per day. Even though there are a few names that I have never seen on this forum, I am really surprised 

There are only four of them and this compilation is a big help to market the gambling sites that offer free withdrawal fees, I'm also surprised that a gambling site can offer this, online casinos are also making a profit from their member's transactions, but they opted not to do this and this is a  big benefit for gamblers, it will save them a lot.

[ReiMomo]

Update: Hyperlinks to all casinos have been added on the table in OP.
If anyone notices a mistake or wrong link, feel free to comment, and I will take a look and correct it if needed.

Thank you for the update, it seems good now and there's a hyperlink now.

I confirmed there's no mistake, I opened it one by one and I didn't see any mistakes. I'm glad to see that you keep maintaining this for such an update and I guess there will be more updates soon as others requested above.

Oh,,, what a surprise! So far, I never thought there would be casinos that would allow their customers to withdraw money for free. How can they do that? The fee to make transactions with BTC is so high, how can they be free for thousands of customers, thousands of transactions per day. Even though there are a few names that I have never seen on this forum, I am really surprised 

There are only four of them and this compilation is a big help to market the gambling sites that offer free withdrawal fees, I'm also surprised that a gambling site can offer this, online casinos are also making a profit from their member's transactions, but they opted not to do this and this is a  big benefit for gamblers, it will save them a lot.

If they have established for how many years, they can afford it. Do you think how many of them have a request to withdrawing a day? I guess most gamblers have always lose per their session and nothing to withdraw.