[Table] Withdrawal Fees and Withdrawal Amounts on Crypto Casinos

[Marvelman]

It is difficult to say whether the fee was deducted from my amount because it is very small and it is impossible to know what the exact conversion rate was.

It's easy if you consider only BTC amounts without making calculations in USD. How much BTC did you request to withdraw exactly?

Yes, it should be easy, but the thing is, I didn't take a screenshot when withdrawing. And now I can no longer remember what was the exact amount in BTC.  

Oh, what I meant was that it used to be 110, now it's 200 :p

Oh, I see. My mistake.

[1715118872]

1715118872

[1715118872]

1715118872

[Pmalek]

Yes, it should be easy, but the thing is, I didn't take a screenshot when withdrawing. And now I can no longer remember what was the exact amount in BTC.

Gamdom surely has a tab with transaction or withdrawal history that you can check. The exact number you requested to withdraw should be visible there because Gamdom doesn't charge its players any withdrawal fees. The deducted mining fees can be seen by looking at the blockchain records you posted previously.   

[Marvelman]

Yes, it should be easy, but the thing is, I didn't take a screenshot when withdrawing. And now I can no longer remember what was the exact amount in BTC.

Gamdom surely has a tab with transaction or withdrawal history that you can check. The exact number you requested to withdraw should be visible there because Gamdom doesn't charge its players any withdrawal fees. The deducted mining fees can be seen by looking at the blockchain records you posted previously.   

Yes, there is a tab with all of my transactions. I have already checked that out, but unfortunately all the amounts are in USD only.
This is all I see:



But no matter, hopefully next week I'll have a new amount to withdraw, so I'll pay closer attention when withdrawing and report the exact amounts.

[Mahdirakib]

We have UserU showing a screenshot where you can see that the minimum withdrawal is $16.66.
We have a post by Dewi Aries where he was told by the support that the minimum withdrawal is $17.32 equivalent in BTC.
A different support member told me it was $16.66.
And now we have you claiming that the minimum withdrawal is $20.

Gamdom withdrawal amount is fixed in BTC. The amount fluctuate in USD value for the price change of Bitcoin. The actual min withdrawal amount is displayed in UserU post, which is 0.00045 BTC. It has created the confusions as everyone was judging the withdrawal amount in USD value. The amount is changing in USD value, because Bitcoin price fluctuates always. I have asked their email support and they have confirmed that min withdrawal amount is 0.00045 BTC. They don't charge withdrawal fee. However, their support team said that min withdrawal can change anytime.



Don't forget to recheck our old suggestions: Owl.games, Thunderpick. Also give a look at Livecasino. They are operated by the same team of Bitcasino/Sportsbet. Livecasino min withdrawal amount is 0.0005 BTC. And they don't charge any withdrawal fee as well.

[Pmalek]

<Snip>

That settles the doubts about the withdrawal minimums. They could have done a much better job with this. Their support staff keeps mentioning various USD numbers depending on what the current BTC rate is instead of the missing piece of information. Had they said the current minimum is 0.00045 BTC, all this drama wouldn't have happened.

I am still not convinced that the withdrawals are entirely free though. GamblingBro had 0.00001174 BTC deducted from his withdrawal amount when he was testing the casino. He posted screenshots to support his claims. I think the players pay for the mining fees and their support is clueless as usual.

I have paid a fee of 0.00001174 BTC on my withdrawal. It was just deducted from the cashout amount and the fee amount was not mentioned anywhere on the withdrawal page.

[Mahdirakib]

I am still not convinced that the withdrawals are entirely free though. GamblingBro had 0.00001174 BTC deducted from his withdrawal amount when he was testing the casino. He posted screenshots to support his claims. I think the players pay for the mining fees and their support is clueless as usual.

I don't know how to convince you about their withdrawal fee, because I'm confused now after testing Gamdom casino. Yesterday I made a withdrawal of 0.00222380 BTC and received 0.00222599 BTC. In that case, I received 219 satoshi extra. Today I have made a withdrawal of 0.00325540 BTC and received 0.00325353 BTC. I had 120 satoshi on my account after the second withdrawal. In that case, there was 67 satoshi missing from my total withdrawal amount and account balance.

Gamdom support said that the withdrawals are calculated based on the USD amount and the slight changes on the received amount happens for the sudden price change of Bitcoin. User withdrawals take a few minutes (2 to 5 minutes) to proceed by Gamdom team. I don't know how you will update this information in your table, but I think they don't charge anything from the users as withdrawal fee.

[Pmalek]

@Mahdirakib
The way Gamdom handles their withdrawals is getting weirder and weirder with each passing day. I need to find a way to explain why it seems normal for them that you request amount X to be withdrawn but instead you can get amount Y. The next day, you won't get Y, you will get Z. But first I need to understand it myself. It's time to get in touch with Gamdom's support again for more detailed information.

[StLucifer]

Those sites that are still consistent in not charging a withdrawal fee once the minimum withdrawal limit is hit are very commendable. I've been using Sportsbet before and I really like how they process the withdrawal instantly. Other sites charge outrageous fees, IMO, it's not good for business as they are hurting the gamblers which majority of the gamblers are looking for a site where they can enjoy gambling and save from high withdrawal fees.

I guess, in the future, eventually more gambling sites will add altcoins as an alternative or part of the choices as it's more practical due to the unpredictable fee range of bitcoin especially when there's market congestion.

[Marvelman]

The way Gamdom handles their withdrawals is getting weirder and weirder with each passing day. I need to find a way to explain why it seems normal for them that you request amount X to be withdrawn but instead you can get amount Y. The next day, you won't get Y, you will get Z. But first I need to understand it myself. It's time to get in touch with Gamdom's support again for more detailed information.

As far as I can tell, it's really quite simple. All balances on the platform are actually in dollar value. When we deposit crypto (no matter which one) it is automatically converted into dollar value according to the current exchange rate. All gambling also takes place in dollar amounts. When we request a withdrawal, the amount is still in dollar value but, depending on the crypto we have chosen, the estimated amount in cryptocurrency is also displayed on the screen. The final conversion takes place at the time of the transaction. If volatility is high, this can lead to a deviation from the estimated value we saw on the screen earlier.

[Pmalek]

I guess, in the future, eventually more gambling sites will add altcoins as an alternative or part of the choices as it's more practical due to the unpredictable fee range of bitcoin especially when there's market congestion.

That's not going to help those who want to play, gamble with, and potentially win and withdraw Bitcoins.
Most casinos already have extensive support for various altcoins. If you look at the table, only a few don't. Some of the oldest platforms like Freebitcoin, Bustadice, or Bustabit are among those that don't. But the newer casinos almost all accept alts. 

[Haunebu]

That's not going to help those who want to play, gamble with, and potentially win and withdraw Bitcoins.
Most casinos already have extensive support for various altcoins. If you look at the table, only a few don't. Some of the oldest platforms like Freebitcoin, Bustadice, or Bustabit are among those that don't. But the newer casinos almost all accept alts.  

Some sites like Stake have inbuilt crypto exchangers as a solution to this problem, but fees will be deducted which is a con related to it though it's still viable overall.

Majority of the gamblers including me don't prefer depending on these exchangers though since it introduces another layer of fees. It would be awesome if crypto gambling sites came up with some other effective solution to this issue.  

[delfastTions]

That's not going to help those who want to play, gamble with, and potentially win and withdraw Bitcoins.
Most casinos already have extensive support for various altcoins. If you look at the table, only a few don't. Some of the oldest platforms like Freebitcoin, Bustadice, or Bustabit are among those that don't. But the newer casinos almost all accept alts.  

Some sites like Stake have inbuilt crypto exchangers as a solution to this problem, but fees will be deducted which is a con related to it though it's still viable overall.

Majority of the gamblers including me don't prefer depending on these exchangers though since it introduces another layer of fees. It would be awesome if crypto gambling sites came up with some other effective solution to this issue.  

You quite rightly point out that there are not enough options for exchanging cryptocurrencies that are convenient for players and, in general, such cryptocurrencies, using which the player would pay very insignificant commissions.  If such options appeared, the number of players would immediately increase greatly.  First of all, due to the influx of new players from countries with a low standard of living, for which commissions for cryptocurrency transactions represent a serious loss of their funds. 
It seems to me that there is still no such ideal cryptocurrency that would cope with this task 100%.

[Pmalek]

You quite rightly point out that there are not enough options for exchanging cryptocurrencies that are convenient for players and, in general, such cryptocurrencies, using which the player would pay very insignificant commissions.

I don't think it's something that can be done cheaply even for the casinos. Each transaction on the blockchain requires that you pay fees. Doesn't matter if it's a private entity or a big casino that carries out those transfers. If they worked with 3rd party instant exchanges, that would be even more expensive because the middlemen will take their cut as well. Casinos could allow players to swap two assets from their own pool of coins because they are receiving deposits in various coins. But honestly, I don't see this becoming a thing in the future as it doesn't generate any profit for the platforms and they aren't running non-profitable organizations after all.   

[Haunebu]

But honestly, I don't see this becoming a thing in the future as it doesn't generate any profit for the platforms and they aren't running non-profitable organizations after all.   

Makes sense, but it isn't impossible. It's just very difficult to accomplish on a large scale. For example, I never expected crypto gambling sites to charge zero fees for both deposits and withdrawals several years ago.

Blockchain fees keep varying all the time which is why it's understandable as to why they require gamblers to pay fees.

They have to take a lot of factors into consideration, but some sites still managed to do that in recent years which stunned me in a good way. Let's see if they can do something similar with internal crypto exchangers in the future.

[Pmalek]

For example, I never expected crypto gambling sites to charge zero fees for both deposits and withdrawals several years ago.
Blockchain fees keep varying all the time which is why it's understandable as to why they require gamblers to pay fees.

I remember when I was part of the FortuneJack signature campaign a few years ago. Our signature earnings were deposited to our casino accounts and we could withdraw them at any time. Like today, they were free back in those days as well, but the blockchain fees were much more expensive. It wasn't uncommon to see that FortuneJack paid $15, $20 or even more for each withdrawal. And all that came from their pockets! Now imagine that on a bigger scale where all their players carry out similar withdrawals!? They obviously had (maybe they still have) enough players for that not to cause problems profit-wise. 

[FatFork]

Casinos could allow players to swap two assets from their own pool of coins because they are receiving deposits in various coins. But honestly, I don't see this becoming a thing in the future as it doesn't generate any profit for the platforms and they aren't running non-profitable organizations after all.   

Not to mention that casinos would have to maintain liquidity in different cryptocurrencies, which would certainly entail more operational efforts and an even bigger bankroll. Another issue is that they would be exposed to market volatility with different crypto assets, which is certainly not a part of their core business.

[BitcoinAccepted]

It looks like this is not updated, maybe you would be able to add Gamdom? I played on that website even though they only have limited number of currency, they don't charge any amount during withdrawal and you can convert your money from usdt to bitcoin or litecoin and vice versa, also the transaction was fast and I think they should also be included on the list.

[panjul07]

It looks like this is not updated, maybe you would be able to add Gamdom? I played on that website even though they only have limited number of currency, they don't charge any amount during withdrawal and you can convert your money from usdt to bitcoin or litecoin and vice versa, also the transaction was fast and I think they should also be included on the list.

Take look at few posts above yours, pmalek had a conversation with mahdikarib about Gamdom.
He is still trying to find the best/valid information from Gamdom about their withdrawal both related to the min withdraw and withdrawal fee.
If you have information based on your experience, you can share it here to pmalek about your btc withdrawal from Gamdom.

[profitsun]

It's 2022 and still some casinos/books have high withdrawal fees. It is unbelievable. Bitcoin transaction fees are less than a dollar, how come these casinos can't afford giving free withdrawal. Maybe they can give like once a week or four times a month or something

[Mahdirakib]

Casinos could allow players to swap two assets from their own pool of coins because they are receiving deposits in various coins. But honestly, I don't see this becoming a thing in the future as it doesn't generate any profit for the platforms and they aren't running non-profitable organizations after all.    

Not to mention that casinos would have to maintain liquidity in different cryptocurrencies, which would certainly entail more operational efforts and an even bigger bankroll. Another issue is that they would be exposed to market volatility with different crypto assets, which is certainly not a part of their core business.

Some casino has internal exchange system available. AmoreJaz has made a list here. I think it won't create much impact in the bankroll of a casino if the players use the internal exchange service. Because the player doesn't exchange a fixed coin always. Moreover, the exchange service aren't used to escape the high withdrawal fee only. If a user exchange from ‘X’ coin to ‘Y’ coin then they do the vice versa also.

Gambling sites charge high fee (1%-5%) for the coin exchange as well. If a real exchange site can maintain profit by taking 0.1% to 0.5% fee then why a casino will loss their bankroll by charging higher fee! Market volatility won't create much impact in the bankroll management as the crypto gambling sites charge high fee for the exchange.

BTW, you haven't said anything about these websites. What have you thought about them?

Don't forget to recheck our old suggestions: Owl.games, Thunderpick. Also give a look at Livecasino. They are operated by the same team of Bitcasino/Sportsbet. Livecasino min withdrawal amount is 0.0005 BTC. And they don't charge any withdrawal fee as well.