Gambling sites to exchange site withdrawal fee

[Amuls]

I use binance exchange for gambling. When I diposit on betting sites then fee is lower, but when I withdraw the amount of fee 3-5 times high then diposit. Yesterday I withdrawn a request of amount 90 usd via Nem coin on binance. I astonished when the withdrawal had completed. 6 usd vanished!!! Do you have any solution to save high withdrawal fee on betting sites to exchange site???
Thanks in advance.

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[Oshosondy]

Have you tried litecoin? It has low withdrawal fee. Have you tried USDT on Tron blockchain, I mean TRC20 USDT? It also has low withdrawal fee. Those are the two I have used before that are having low fee.

[Amuls]

Have you tried litecoin? It has low withdrawal fee. Have you tried USDT on Tron blockchain, I mean TRC20 USDT? It also has low withdrawal fee. Those are the two I have used before that are having low fee.

I used Tron . Thank you for your information. I try to use litecoin.

[Oshosondy]

I used Tron . Thank you for your information. I try to use litecoin.

Litecoin should be of low fee on the betting site, but you can check the terms and conditions on the gambling site you are using, you will be able to read about their terms and conditions on deposit and withdrawal, you will be able to compare the fee and see the ones that will be of low fee.

[JeromeTash]

Which gambling site do you use?

There are certain blockchains whose withdrawal fee is set ridiculously high on Binance when you try to withdraw from them such as Ethereum, Bitcoin etc
Instead, try withdrawing using coins such as EOS, XRP USDT (TRC20), Litecoin, Dash etc. so long as the gambling site supports any of them.

[RickDeckard]

To me you have two viable options:

• Stop playing on that particular casino and start looking for another with lower withdrawal fees. You can use Pmalek thread for that (prices may not be updated as per this post).It still gives you an overall idea of the fees being applied by different casinos.
• As others have said, convert your coins to another coin whose withdrawal fee is lower, it might be worth the exchange rate.

According to Pmalek table at least sportsbet.io and Bitcasino do not charge withdrawal fees. They may not, however, support the currencies that you're playing with so I guess you'll have to spend some time studying the available offer.

[Quickseller]

If you are willing/comfortable using multiple altcoins, ideally the deposit and withdrawal fees should be public both on binance, and on the gambling site you are using. So you should be able to compare the costs of using various altcoins before depositing to the casino. I would note that some altcoins have very volatile prices, so you may end up depositing less USD equivalent into your binance account even if you win at the casino.

As an alternative, you can shop around by looking at the various costs associated with using other casinos.

[noorman0]

When I diposit on betting sites then fee is lower, but when I withdraw the amount of fee 3-5 times high then diposit.

Are you here comparing Binance withdrawal fees and gambling site withdrawal fees?

The two centralized services have their own set of transaction fees that do not affect each other. Even if you deposit from or withdraw to a personal wallet, the fee policy will remain the same from that gamble. To work around this, simply select the supported coins (and their network options) that have the lowest possible withdrawal fees.

[batang_bitcoin]

Just use those altcoins that have cheaper fees. There's no way to lower those fees if you've been paying that much for the fees. Those fees from casino withdrawals are fixed and you are the one that should see the difference of their fees for each of the coins that they support.

I used Tron . Thank you for your information. I try to use litecoin.

LTC is cheap and if they have xrp, it's also cheap. TRX AFAIK, is also cheap in withdrawals in many casinos.

[Pmalek]

You can use Pmalek thread for that (prices may not be updated as per this post).It still gives you an overall idea of the fees being applied by different casinos.

Thanks for suggesting that he can use my thread as a reference.
The last time I checked all the casinos and updated the amounts in the table was between 18-21 December 2021, so it should be quite up-to-date. There have been some other minor changes to the displayed data for certain platforms as suggested by other members in the thread as well.

According to Pmalek table at least sportsbet.io and Bitcasino do not charge withdrawal fees. They may not, however, support the currencies that you're playing with so I guess you'll have to spend some time studying the available offer.

That's correct. Besides those two that you mentioned, FortuneJack, BetChain, and Winz.io also charge their customers 0 transaction fees on withdrawals.
He can always check which altcoins are supported by which platforms by looking at the last column in my thread.

[Amuls]

Which gambling site do you use?

There are certain blockchains whose withdrawal fee is set ridiculously high on Binance when you try to withdraw from them such as Ethereum, Bitcoin etc
Instead, try withdrawing using coins such as EOS, XRP USDT (TRC20), Litecoin, Dash etc. so long as the gambling site supports any of them.

1xbet and melbet sir

[Maus0728]

1xbet and melbet sir

I'm not sure, but as far as I know, 1xBet has a previous scam accusation stating that they are somehow linked to known scam gambling sites such as 1xBet and Kawbet^[1]. I just don't know if they are be able to solve all of their issues to their clients/customers. Just saying this to try to warn you and make you aware of the possible worst-case scenario especially with your upcoming withdrawals.

[1] Kawbet belongs to 1xbet/1xbit (known scammers) - Plz support flag!

[sheenshane]

You can use Pmalek thread for that (prices may not be updated as per this post).It still gives you an overall idea of the fees being applied by different casinos.

Thanks for suggesting that he can use my thread as a reference.

This!
This thread was surely what OP was looking for.
OP can choose altcoins (like XRP or Dogecoin) if it is supported that could be found on the Pmalek thread instead of using Ethereum or Bitcoin, they have quite a huge transaction fee right now.

Just a little tip to the OP, avoid using an exchange to fund your gambling casino or your custodial wallet, it could be a bannable offense since centralized exchange/wallets don't want to link to any gambling platform for some reason.  I have a lot of friends that I have known their account got banned because of this, it's also highly recommended to read the terms of service before using them.

[Darker45]

The problem is that you are playing in a gambling site that charges terribly high fees. The best solution is to find an alternative gambling site. There are so many out there. You can definitely find an equally good one or even a much better one. The high feels alone is enough reason for you to change site.

If in case there’s really something in that site that you cannot find in others and which made you stick to that one, try exploring other cheap altcoins. For sure, if they have NEM, there must be a lot more other options. Dogecoin is also cheap.

Also, if you could minimize moving funds, that would help. You could also choose to use wallets which allow you to personalize your fees rather than Binance. Binance’s fee alone is already high.

[Pmalek]

Just a little tip to the OP, avoid using an exchange to fund your gambling casino or your custodial wallet, it could be a bannable offense since centralized exchange/wallets don't want to link to any gambling platform for some reason.

One way to prevent that would be to mix your coins and remove traces from where they came from. But then you might run into problems of that centralized service not wanting to do business with you because your coins came from a mixer or a know coinjoin service. Exchanges that do that deserve to lose their customers and market share to platforms that don't. If that became a thing, they would be forced to give up their idea of making certain coins evil or face the consequences.