Stake charging $3.09 on a $1.69 withdraw

[Stake withdraw fees]

I'm surprised no one has mentioned this before and why Stake continues to think it's acceptable behavior.


Stake subtracted $3.09 from my withdraw
https://ibb.co/mRc56hy

Cost of the transaction on the blockchain was only $1.69
https://ibb.co/4m3gg6L


So my question remains what did Stake do with the remaining $1.40 

It is a big amount to go missing especially when some Sportsbooks don't charge anything.

[acroman08]

according to this, their withdrawal fee is $3.11 which is almost the same as the subtracted amount from your withdrawal. you can click the link on the quoted post if you want to see the whole thread.

Stake

|

0.0005 BTC:

|

0.00007 BTC:

|

ETH, LTC, DOGE, BCH, XRP, TRX, EOS

|

It is a big amount to go missing especially when some Sportsbooks don't charge anything.

it is one of their ways of earning money. if you think the amount is too much, better use a gambling site that don't charge anything when withdrawing.

[judeafante]

according to this, their withdrawal fee is $3.11 which is almost the same as the subtracted amount from your withdrawal. you can click the link on the quoted post if you want to see the whole thread.

Stake

|

0.0005 BTC:

|

0.00007 BTC:

|

ETH, LTC, DOGE, BCH, XRP, TRX, EOS

|

It is a big amount to go missing especially when some Sportsbooks don't charge anything.

it is one of their ways of earning money. if you think the amount is too much, better use a gambling site that don't charge anything when withdrawing.

Exchange and casinos use this as a way to earn money so they can sustain their operations they cannot rely on gamblers' losses they have to make extra revenue and additional charges and trading is one way to cover the cost, especially from a casino that's spending a lot of money for their ambassadors and marketing, there are casinos that's not charging a withdrawal fee but you will have to trust them that they will keep their promises I prefer a small amount of extra in my withdrawal as long as the casino is reputable.

[noorman0]

So my question remains what did Stake do with the remaining $1.40 

Because centralized services (including casinos) don't charge a deposit fee, but on the other hand they have to sweep your deposit address periodically and put it in a hot wallet and however it costs network fees. On average, all network fees will be charged to the customer which will be deducted upon withdrawal. That's why they are rather expensive (up to 2x).

[rohang]

There are many sites that do not have any withdraw fees , u can use those instead

HOWEVER , those sites usually have a rollover requirement on deposit ranging from 100% to anywhere up

stake , as far as im aware has very low rollover required (10%) , so every site has pros and cons

[Coin_trader]

There are many sites that do not have any withdraw fees , u can use those instead

HOWEVER , those sites usually have a rollover requirement on deposit ranging from 100% to anywhere up

stake , as far as im aware has very low rollover required (10%) , so every site has pros and cons

Sportsbet doesn't charge any fee in both withdrawal and deposit additionally they didn't have any wagering requirements for your deposit in able to be withdrawn. I play sports betting at sportsbet most of the time and never experience this kind inconvenience that you guys talking here. I heard that Blackjack.fun will gonna have a sportsbook and they don't have any wagering requirements for deposit, Maybe you guys should check it out once its available.  

So my question remains what did Stake do with the remaining $1.40  
It is a big amount to go missing especially when some Sportsbooks don't charge anything.

They usually charge a flat rate fee to counter crypto volatility since they will only hold the crypto in there hot wallet. Those missing transaction you are looking for will go directly to there treasury fund to cover other withdrawal fee in case the standard transaction fee of Bitcoin increased due to network flood. They are using a flat rate withdrawal to save time on adjusting withdrawal fee whenever Bitcoin blockchain network become crowded.

[traderethereum]

If I am not mistaken, their withdrawal fee is about 0.00007 btc or equal to ~$3 for any amount but I am not sure about that.
Do you already ask their support system about this?
But I think they use that amount as the additional fees to prevent if the network has high traffic and makes the transaction delayed.
Can we know how much you want to withdraw?
Because if your want to withdraw $50-$100, paying $3 is okay.

[rodskee]

If I am not mistaken, their withdrawal fee is about 0.00007 btc or equal to ~$3 for any amount but I am not sure about that.
Do you already ask their support system about this?
But I think they use that amount as the additional fees to prevent if the network has high traffic and makes the transaction delayed.
Can we know how much you want to withdraw?
Because if your want to withdraw $50-$100, paying $3 is okay.

I don't know why OP asked here first instead of asking the Support or directly to Steve about this issue.
also i have no Idea about how much Stake.com charge per withdrawal but what i think OP's problem is that the fee required for that small amount of withdrawing .

and also this is why I choose sportsbet.io over stake in sportsbetting because they are not charging in withdrawal.

[Pmalek]

If you take a look at my thread that acroman08 linked to in his post, you will notice that most crypto casinos charge their players certain withdrawal fees. The amounts are not standardized and depend on each individual platform. Before depositing your money into a casino, I suggest you take a look at their payments page and/or withdrawal tab because the amounts are usually specified there.

I see no reason to get Steve or the customer support involved in this matter. You were charged a withdrawal fee like any other player on Stake is. Part of that sum was used to pay for mining fees and the rest is Stake's profit. If you don't like that, you can take your gambling to a site that doesn't charge its players anything when they perform withdrawals.   

[NeuroticFish]

I'm surprised no one has mentioned this before and why Stake continues to think it's acceptable behavior.

Stake subtracted $3.09 from my withdraw

Most crypto businesses charge a hefty withdrawal fee, which is not much related to the actual tx fee. It happens usually at exchanges, but it's not limited to them.
The withdrawal fee (in Bitcoin) is not related to the amount you withdraw. It would have been the same (in Bitcoin) even if you would have been withdrawing 10 BTC.

You should have been reading the rules before using their services, you should have been reading the rules before attempting withdraw of such a small amount.
While I agree the fees should be easier to find even if one doesn't have account there, they are present on the thread about crypto casino fees.

[onecall123]

-

It is a big amount to go missing especially when some Sportsbooks don't charge anything.

Your points are valid, but if you hope that you will receive an explanation of why the extra withdrawal fees are charged, then take a seat, because this is business. This can be considered as hidden fees for running up their business and becoming profitable. These charges are sometimes not even disclosed. You should get a basic understanding of any casino's services before engaging them, since we have a wide range of choices.

[Odusko]

I have not played on stake.com before so am not familiar with the amount their charge on withdrawal/deposit fees but am familiar with sites that have similar systems that charge high fees, those sites also give customers the option of using smaller fees but with longer transaction time. And if you want to use their instant withdrawal features you will be charged a higher fee.

[Jawhead999]

So my question remains what did Stake do with the remaining $1.40 

Extra profit for them, they're a profit business of course they want to maximize their profit isn't? it's still acceptable with such amount they deducted, not to mention centralized exchanges and some wallet do charge additional fees too. If the amount they charge is higher than your withdrawal, then it's a legit reports since it most likely a bug.

It is a big amount to go missing especially when some Sportsbooks don't charge anything.

No one is forcing you to play on Stake, you're feel free to leave and play in some sportsbooks you mentioned above that doesn't charge any additional fees.

[BitcoinAccepted]

I think that $3 was their minimum withdrawal fee and I think the OP is just mad or frustrated because the fee you have paid and the ones on the blockchain was different, for some users like me it doesn't matter for a small amount but to think that many players are going to withdraw I'm sure that the $1.40 combined was a big profit and I think it is another way to earn in gambling site.

You can move to other gambling sites that doesn't require you to pay transaction fee but expect that they do have a minimum withdrawal amount, it is to avoid paying tx fee for a small amount imagine paying $3-$5 just for a $10 withdrawal by the user.

[ipanks]

Paying high transaction fees is very painful, especially if we want to withdraw our money from gambling. But we must also understand the casino because they want to help us speed up the transaction but if that means we have to pay more, I think you can ask the gambling site. Maybe $3 is the minimum transaction fee we have to pay. Maybe the only way we can do it is to wait until our balance can be above $50 then withdraw it. If that's the case, the $3 fee won't be too noticeable. But it's better to inquire through customer service so we know why they use $3 for transaction fees.

[stomachgrowls]

it is one of their ways of earning money. if you think the amount is too much, better use a gambling site that don't charge anything when withdrawing.

This is true and this is how business works on which they do earn profit out of those fee extra aside on getting from house edge alone.If you dont like their fee structure then you could always opt out

on other casinos as well which do only deduct dynamic network fees which i could say that it is really not that a headache but only seldom players do make out some small withdrawal thats why

these fees could really make you doubt on making one but much sure you do already have the idea.Stake does have high btc withdrawal fee based on my past experience.

[perla]

it is one of their ways of earning money. if you think the amount is too much, better use a gambling site that don't charge anything when withdrawing.

This is true and this is how business works on which they do earn profit out of those fee extra aside on getting from house edge alone.If you dont like their fee structure then you could always opt out

They could just tell the truth about it that they are charging withdrawal fee, though I think that $1 is nothing for most of us. I think this user is disappointed and feel he is deceived by the Stake because the fee is different from the blockchain than what he paid for but to tell the truth it doesn't bother me, I withdraw small amount yesterday and it came to my wallet in less than 5 mins I didn't notice about the fee by the way.

[Beparanf]

it is one of their ways of earning money. if you think the amount is too much, better use a gambling site that don't charge anything when withdrawing.

This is true and this is how business works on which they do earn profit out of those fee extra aside on getting from house edge alone.If you dont like their fee structure then you could always opt out

They could just tell the truth about it that they are charging withdrawal fee, though I think that $1 is nothing for most of us. I think this user is disappointed and feel he is deceived by the Stake because the fee is different from the blockchain than what he paid for but to tell the truth it doesn't bother me, I withdraw small amount yesterday and it came to my wallet in less than 5 mins I didn't notice about the fee by the way.

What telling the truth? Withdrawal fee is visible when you visit the wallet of Stake and also it was indicated on there TOS under Withdrawal category("Note that some payment methods may include an additional fee. In this case, the fee will be clearly visible for you in the cashier." -https://stake.com/policies/terms). It's the player responsibility to inspect carefully the Casino before he will play on it because once he click the agree button on the ToS part, You agree already on what is written there and you should follow which in this case was the fee is visible by the time he withdraw and accepts it as is.

[acroman08]

They could just tell the truth about it that they are charging withdrawal fee,

I don't think they ever hid that they are charging withdrawal fees. in fact, they are saying that they are charging withdrawal fees. you can check their ToS and you'll find what you are looking for on "Withdrawals". you can even see when trying to withdraw how much they will charge you for the withdrawal fee.

[naim027]

Well, I don't think it's way too much when it comes to Bitcoin. Sometimes Bitcoin charges more fees than regular. The stake is on the market to do business and this is the part of the business. Not only Stake but also a few more casino charges that kind of amount and it is standard. They have mentioned this-

Your withdrawal will have 0.00007000 subtracted from your remaining balance to cover the fee required to process the transaction.

That's mean the 0.00007000 BTC is fixed withdrawal fees. If I am not wrong. Even if you withdraw 1 BTC. The charge is the same and at that moment, the Stake has to pay way more than that amount. So. I guess you got it why they have a fixed withdrawal fee.

[rhomelmabini]

So my question remains what did Stake do with the remaining $1.40 

It is a big amount to go missing especially when some Sportsbooks don't charge anything.

I think it doesn't concern every customer anymore on what they did on that charge of fee. I think it isn't that huge compare to what we've experienced in the past when Bitcoin is getting too volatile. If it concerns you that much there are other sportsbooks you can try that doesn't charge or use another mode of transfer like others using layer 2 solution or other chains like Solana (I don't know if there are much information regarding sites that using Solana chain).

[Ryker1]

Well, you know that it is their attitude and why you still using them despite those transactions fees that you have concerned, instead --find another gambling platform that did not have fees which is you will find on this thread, ^{[ https://bitcointalk.org/index.php?topic=5333602.0 ]}.

Just move on kid, if you cannot afford that withdrawal fee then --gambling is not for you.

[aswathv1984]

They show the fees upfront, but I think it is about time they implement dynamic fees like other casinos.

Op, you can try some other coins which have low fees like litecoin, trx, eos

[Ryker1]

^[snip]
Op, you can try some other coins which have low fees like litecoin, trx, eos

Well here is the complete list of supported coins.
-Bitcoin (BTC)
-Bitcoin Cash (BCH)
-Ethereum (ETH)
-Litecoin (LTC)
-Dogecoin (DOG)
-Ripple (XRP)
-TRON (TRX)
-EOS.
I prefer to use XRP which is a very low fee and has the fastest transaction.
^{[ https://www.stakefans.com/crypto-gambling/ ]}

[Odusko]

They could just tell the truth about it that they are charging withdrawal fee,

I don't think they ever hid that they are charging withdrawal fees. in fact, they are saying that they are charging withdrawal fees. you can check their ToS and you'll find what you are looking for on "Withdrawals". you can even see when trying to withdraw how much they will charge you for the withdrawal fee.

Well the case here has a different view and scenarios for different forks, as we all know that every casino with their roles as some sites give the customers the choice to chose the fee and transaction time if a casino charge an extra fee aside from the blockchain fees it may become a double burden on the customers most especially those who want to withdraw a small amount but those withdrawing big amount may not feel the impact of the charges but a regular player who want to withdraw small amount.

[seoincorporation]

Stake subtracted $3.09 from my withdraw
https://ibb.co/mRc56hy

Cost of the transaction on the blockchain was only $1.69
https://ibb.co/4m3gg6L


So my question remains what did Stake do with the remaining $1.40 

The first one is the Casino Fees on the withdrawal and the second one is the blockchain fees for the transaction. They charge only the casino fee and they cover the transaction fees.

They keep the remaining $1.4 and this is not new, all the casinos and exchanges do this.

As we can see in their TOS:

Note that some payment methods may include an additional fee. In this case, the fee will be clearly visible for you in the cashier.

And I see in the images there was the warning about the fees, so, they didn't break any rule.

[Webetcoins]

Withdrawal fees are a hot topic on every gambling site and if you visit the stake ANN thread and scan the pages, you will see that there are users that talks about it but this can be an old issue to some, that's why they don't talk about it anymore and besides, the stake casino supports several altcoins which withdrawal fees are lesser than bitcoin. No need for a complain but they will just use those.

It's also normal that some casinos charge extra fees, they are not just a wallet that copies every fee you see in the blockchain. It's their problem anymore if what they will do with the extra fees that they collect but I think they will use it for the development of their casino.

[rdbase]

If I am not mistaken, their withdrawal fee is about 0.00007 btc or equal to ~$3 for any amount but I am not sure about that.
Do you already ask their support system about this?
But I think they use that amount as the additional fees to prevent if the network has high traffic and makes the transaction delayed.
Can we know how much you want to withdraw?
Because if your want to withdraw $50-$100, paying $3 is okay.

It was higher at 0.0005btc before but since there was so much backlash on why they were charging more than $20 for a withdrawal. At the time this was absolutely absurd since they have many players who bet less than $1 per bet and just hope to withdraw $10 on their winnings.
So they reduced it to 0.00007btc back when bitcoin's price was under $30,000.
But now that it has risen closer to $45,000, this withdrawal fee just might be too much once again.

They should really come up with a dynamic system for these withdrawal fees or just not charge any fee at all to withdraw from your balance. Just like many of the other main online casinos have done.

^[snip]
Op, you can try some other coins which have low fees like litecoin, trx, eos

Well here is the complete list of supported coins.
-Bitcoin (BTC)
-Bitcoin Cash (BCH)
-Ethereum (ETH)
-Litecoin (LTC)
-Dogecoin (DOG)
-Ripple (XRP)
-TRON (TRX)
-EOS.
I prefer to use XRP which is a very low fee and has the fastest transaction.
^{[ https://www.stakefans.com/crypto-gambling/ ]}

Good point!
I just might start using ripple for any future transactions I make on to exchanges/casinos.
I thought litecoin was the lowest since they only usually charge 0.001ltc which equates to $0.20~ and doesn't ever really change much even when cryptomarket prices are increasing or decreasing.

[Kakmakr]

Well, the main goal for most casinos are to discourage people to withdraw money from their site and to have them wager almost everything to increase their profits. I honestly think that they do not charge you the high withdrawal fee to make a huge profit, but rather to get people not to withdraw money constantly from their platform.

Just imagine if they charged a fix withdrawal fee of say $0.50 and people win $1000 and withdraw $10 every other day.... just because it was easy and cheap to do it. 

[wxa7115]

They could just tell the truth about it that they are charging withdrawal fee,

I don't think they ever hid that they are charging withdrawal fees. in fact, they are saying that they are charging withdrawal fees. you can check their ToS and you'll find what you are looking for on "Withdrawals". you can even see when trying to withdraw how much they will charge you for the withdrawal fee.

I think this is the right answer, I understand that people do not want to pay the withdrawal fee as this affects them, especially if they are gambling with a low amount of money, but at the same time if this is on their TOS and you accepted it before playing there then there is not much to do.

If you do not want to pay for those fees then you need to find a casino that does not charge them, fortunately for the OP there are several of them in this market which have a good reputation so he only needs to play there and solve their issues in this way.

[stomachgrowls]

it is one of their ways of earning money. if you think the amount is too much, better use a gambling site that don't charge anything when withdrawing.

This is true and this is how business works on which they do earn profit out of those fee extra aside on getting from house edge alone.If you dont like their fee structure then you could always opt out

They could just tell the truth about it that they are charging withdrawal fee, though I think that $1 is nothing for most of us. I think this user is disappointed and feel he is deceived by the Stake because the fee is different from the blockchain than what he paid for but to tell the truth it doesn't bother me, I withdraw small amount yesterday and it came to my wallet in less than 5 mins I didn't notice about the fee by the way.

What telling the truth? Withdrawal fee is visible when you visit the wallet of Stake and also it was indicated on there TOS under Withdrawal category("Note that some payment methods may include an additional fee. In this case, the fee will be clearly visible for you in the cashier." -https://stake.com/policies/terms). It's the player responsibility to inspect carefully the Casino before he will play on it because once he click the agree button on the ToS part, You agree already on what is written there and you should follow which in this case was the fee is visible by the time he withdraw and accepts it as is.

Dont know about that telling the truth yet it is clear as day on what they are charging and dont tend to hide anything which its a non sense kind of word that had been said.

It is how things been set out so as a player then there's nothing we can do but to deal with it yet they dont have any internal exchange where you could really make out some conversions
but i do remember that you could sent out some funds on using Dinabot.. I havent experience it for myself but this might able to help out.

[perla]

The question is how seriously we should take this. You make a payout of no less than $1.69?
We can assume that $3 is not an absurdly high fee for a payout. Seems like a non serious gambler to cash out $1.69. It seems more intended as an act of Stake to blacken, which is unreasonable. I've never seen or heard of anyone willing to cash out $1.69. And the fee, yes $3 that doesn't seem too much to me. I would recommend paying a normal amount next time and not an extremely low amount. You could also have done $10 and see what the fee would be.

[bitbollo]

Of course there are service that not require fees, but this amount is payed in other terms (higher house edge...low odds...)
This difference is pretty normal on our industry and this is in line with other service like exchange.
They ask the same amount for any withdrawal and transactions are processed fast.
I don't think they should blame for this . Cost of maintenance of hot wallet/cold wallet / setup / etc are not free ...  

The question is how seriously we should take this. You make a payout of no less than $1.69?
We can assume that $3 is not an absurdly high fee for a payout. Seems like a non serious gambler to cash out $1.69. It seems more intended as an act of Stake to blacken, which is unreasonable. I've never seen or heard of anyone willing to cash out $1.69. And the fee, yes $3 that doesn't seem too much to me. I would recommend paying a normal amount next time and not an extremely low amount. You could also have done $10 and see what the fee would be.

OP has not withdrawn 1.69 USD
the minimum you can withdraw is just 0.0005 btc equal to 22 USD
The complaint is based on difference between transaction fee vs blockchain fee.

[OgNasty]

OP has not withdrawn 1.69 USD
the minimum you can withdraw is just 0.0005 btc equal to 22 USD
The complaint is based on difference between transaction fee vs blockchain fee.

Yes, it is good to actually understand what the OP is saying.  I think judging them on a single transaction is a bit harsh.  I don't know how their system works, but I assume that they aren't calculating every fee separately for each transaction.  Likely they set an amount to pay for fees and adjust it if needed.  They also likely build in a little room for error so that if prices for transactions do shoot upwards, they aren't left holding a bag of fees for users.  

This complaint seems to be like saying that a shipping company charged your more for shipping than they paid the post office to ship the package.  What people should understand is that there are other costs involved as well.  Packaging materials, employees to box up goods, etc...  I think an extra dollar on withdrawals is not much and if that's what they need to do in order to keep withdrawal fees down (they recently lowered them a lot) then I'm fine with it...  Surely there are other costs involved besides just the tx fee for stake.

[Zackgeno96]

Some sites charge a fee, others do not. The fee of the blockchain network seems very normal to me that it is paid by the gambling site, that is an extra that the site has to accept. Apart from that, there are sites that charge a certain fee and some sites do not charge a fee at all. If you request a payment via a certain electronic system, I could imagine that a fee has to be paid, because, for example, you also have to pay a fee as a bank holder for bank transfers to certain countries. This is then passed on to the customer. However, if it only concerns a crypto transaction, my opinion is that a gambling site should not charge a fee because it costs nothing.

[Haunebu]

Of course there are service that not require fees, but this amount is payed in other terms (higher house edge...low odds...)

Wrong. There are several reputed crypto gambling sites like Bitcasino, Sportsbet etc which charge zero withdrawal fees and don't inflate the odds, house edge etc.

I think judging them on a single transaction is a bit harsh.  I don't know how their system works, but I assume that they aren't calculating every fee separately for each transaction.  Likely they set an amount to pay for fees and adjust it if needed.  They also likely build in a little room for error so that if prices for transactions do shoot upwards, they aren't left holding a bag of fees for users.  

3 bucks isn't a big amount, but there are many reputed sites out there that charge zero or lower withdrawal fees making them more appealing in comparison. Stake definitely needs to improve in this aspect.

Edit: Just found out that Stake will be offering an economical option to gamblers which is a great decision even though it took a long time for this particular change.

[cabron]

You are trying to withdraw $1.69 worth of BTC and then stake charge $3.09. Why are you trying to withdraw $1.69?

Casinos have ways to make money including withdrawal fees, it's among thier services. If you wanna see some casinos that don't charge for withdrawals, you may find some of them in the list created by Pmalek in this thread https://bitcointalk.org/index.php?topic=5333602.0

[DarkStar_]

I'm surprised no one has mentioned this before and why Stake continues to think it's acceptable behavior.

Stake subtracted $3.09 from my withdraw
https://ibb.co/mRc56hy

Cost of the transaction on the blockchain was only $1.69
https://ibb.co/4m3gg6L

So my question remains what did Stake do with the remaining $1.40  

It is a big amount to go missing especially when some Sportsbooks don't charge anything.

I'm surprised no one has mentioned this already, but certain transactions cost more to withdraw, such as transactions that spend more than one input. Those transactions are unavoidable for a casino, which will almost certainly have more deposit transactions than withdraw transactions. If they chose to charge withdraws a fee based on what was actually paid, it introduces a luck based component around how many inputs your transaction will have - you might pay $1.69, but you could also pay $6 if there were many inputs used. I don't think anyone would be happy with gambling on fees, so the easiest way for sites to handle it is to charge a fixed fee that covers the average withdraw fee.

I've had cases where Stake actually spent more than what I've paid (sometimes way more), as well as times where Stake paid less.

[Stunna]

We charge the average transaction fee
https://ycharts.com/indicators/bitcoin_average_transaction_fee

What we spend on fees on average is actually significantly more than that on average because of the number of inputs in play.

Your transaction happened to use very few inputs and was during a non-peak time. Before you made your transaction we do tell you what the fee is and you do have the option to use coins with lower fee. But we would like to offer economy fee options going forward.

[magneto]

Yeah, exactly what Stunna said.

I think that maintaining the wallet infrastructure as well would cost a lot of money and should be priced into the fee, so what Stake is charging is actually quite reasonable.

Economy fee options are definitely attractive though, I think a lot of people playing with near dust amounts would like that.

[TwitchySeal]

I'm surprised no one has mentioned this before and why Stake continues to think it's acceptable behavior.


Stake subtracted $3.09 from my withdraw
https://ibb.co/mRc56hy

Cost of the transaction on the blockchain was only $1.69
https://ibb.co/4m3gg6L


So my question remains what did Stake do with the remaining $1.40 

It is a big amount to go missing especially when some Sportsbooks don't charge anything.

I'm surprised no one has mentioned this before, but if the btc fees are high for your bankroll, there are other options, for example:

LTC - $0.06 fee
TRX - $0.06 fee
XRP - < 1 cent fee

And they are all faster to confirm and have lower minimums to withdraw.

[Maslate]

You have no idea if you think that is wrong, not only gambling sites, even exchanges has some fixed withdrawal fee per currency and it's higher than the actual cost of blockchain fee, that's normal man, live with it, otherwise, don't gamble.

[zidanw]

Yeah, exactly what Stunna said.

I think that maintaining the wallet infrastructure as well would cost a lot of money and should be priced into the fee, so what Stake is charging is actually quite reasonable.

Economy fee options are definitely attractive though, I think a lot of people playing with near dust amounts would like that.

Indeed. In the case of OP, I think that a such as he wanted to know where does those charged fees are going and being spent on, he would also want the casino to have lesser fees. But like what was aforementioned, there are certain grounds why casinos have fees with their respective amount are established. And so, the best solution for OP is to find another casino that would fit into his preferred terms when it comes to withdrawal fees and many more.

[stomachgrowls]

~

I'm surprised no one has mentioned this before, but if the btc fees are high for your bankroll, there are other options, for example:

LTC - $0.06 fee
TRX - $0.06 fee
XRP - < 1 cent fee

And they are all faster to confirm and have lower minimums to withdraw.

They might already aware of that but we know that most people do much prefer on playing on using up Bitcoin as their main coin to play on thats why these kind of fees would really be that somewhat
an issue for them but since its clarified already by Stunna.
As for OP. then he wont really be having any choice but to deal with it and if he do really see that it isnt really worth for such fee then he could always opt in on finding another
casinos which do deduct less.
We do have lots and we do have the rights on transferring from one to another.So its a personal kind of preference on which one he would tend to play on.

[crzy]

You have no idea if you think that is wrong, not only gambling sites, even exchanges has some fixed withdrawal fee per currency and it's higher than the actual cost of blockchain fee, that's normal man, live with it, otherwise, don't gamble.

This is why you have to check the fees before withdrawing you so can know if the money is worth it considering the cost of it. This is a fix one and OP can’t do anything about it, better to withdraw on a bigger money than to make any partial withdrawal with that small money. I’m pretty sure you can still hold that money instead of withdrawing it.

[DoublerHunter]

Some sites charge a fee, others do not. The fee of the blockchain network seems very normal to me that it is paid by the gambling site, that is an extra that the site has to accept. Apart from that, there are sites that charge a certain fee and some sites do not charge a fee at all. If you request a payment via a certain electronic system, I could imagine that a fee has to be paid, because, for example, you also have to pay a fee as a bank holder for bank transfers to certain countries. This is then passed on to the customer. However, if it only concerns a crypto transaction, my opinion is that a gambling site should not charge a fee because it costs nothing.

^ Even a casino imposed a dynamic fee will probably charge a fee the same on the network fee, I don't bother myself withdrawing such a small amount and complaining about it here. Just continue gambling if you have that amount and who knows from that $1.6 will turn to $100 that is enough amount for you to withdraw and it makes sense to complain about it here.
Nevertheless, if you will analyze all exchanges or any platform is a required fee not unless they will cover the fees which are I have doubt there is a minimum withdrawal.

[aioc]

I'm surprised no one has mentioned this before and why Stake continues to think it's acceptable behavior.


Stake subtracted $3.09 from my withdraw
https://ibb.co/mRc56hy

Cost of the transaction on the blockchain was only $1.69
https://ibb.co/4m3gg6L


So my question remains what did Stake do with the remaining $1.40 

It is a big amount to go missing especially when some Sportsbooks don't charge anything.

I'm surprised no one has mentioned this before, but if the btc fees are high for your bankroll, there are other options, for example:

LTC - $0.06 fee
TRX - $0.06 fee
XRP - < 1 cent fee

And they are all faster to confirm and have lower minimums to withdraw.

That is why I prefer to deposit and play with these coins, especially Tron I always look if there's Tron in the list because it's so cheap and instant, I'm aware of Stake.com fees and I'm ok with it Bitcoin should be used by VIP or high rollers because they will ignore the fees but for small players like us every cents matter, Stunna have explained it already hope his explanation is sufficient.

[STT]

The ideal or compromise solution  is to let the smaller players have a very slow option to withdraw that costs less but also isnt very convenient.   Some people do get stuck with tiny amounts in their wallet and arent liquid enough to be moving larger amounts at that moment in their budgets.   Obviously there is a large bias to people with big wallets who dont care because we are talking pocket fluff in costs to them.
  The reason to consider the smaller players is they can represent the largest growth sector generally, the very new to BTC generally will be trying sites out with small amounts. I do think Bitcoin has to emphasize the bit to continue in its success and growth.
   Stake is a long term site, for small amounts you are mostly going to be fine to keep it there for the occasional bet.  Some would tell you to throw it on a bet, either you win and have more or zero left to worry about.   BTC itself is fine, some people feel the need to zero all their accounts partly from fear but BTC is doing ok so I would say not to be rushing to do that tbh

[sunsilk]

The ideal or compromise solution  is to let the smaller players have a very slow option to withdraw that costs less but also isnt very convenient.   Some people do get stuck with tiny amounts in their wallet and arent liquid enough to be moving larger amounts at that moment in their budgets.  

That's for sure going to happen.

They allow a slow and low priority as an option for the withdrawals and these people will still come to complain that their transactions are left hanging and unconfirmed by the network even if they're the one that chose it.

That is why I prefer to deposit and play with these coins, especially Tron I always look if there's Tron in the list because it's so cheap and instant, I'm aware of Stake.com fees and I'm ok with it Bitcoin should be used by VIP or high rollers because they will ignore the fees but for small players like us every cents matter, Stunna have explained it already hope his explanation is sufficient.

That's the solution if someone complains about how high the standard fee for withdrawal is and that's to deposit and play with an altcoin that's also supported by them just as tron.

[Beparanf]

The ideal or compromise solution  is to let the smaller players have a very slow option to withdraw that costs less but also isnt very convenient.   Some people do get stuck with tiny amounts in their wallet and arent liquid enough to be moving larger amounts at that moment in their budgets.   Obviously there is a large bias to people with big wallets who dont care because we are talking pocket fluff in costs to them.
  The reason to consider the smaller players is they can represent the largest growth sector generally, the very new to BTC generally will be trying sites out with small amounts. I do think Bitcoin has to emphasize the bit to continue in its success and growth.
   Stake is a long term site, for small amounts you are mostly going to be fine to keep it there for the occasional bet.  Some would tell you to throw it on a bet, either you win and have more or zero left to worry about.   BTC itself is fine, some people feel the need to zero all their accounts partly from fear but BTC is doing ok so I would say not to be rushing to do that tbh

This is the old system of the casino withdrawal but since they really want to promote a high speed withdrawal process, they are bind to do a fixed rate withdrawal charges that can maintain a fast withdrawal speed despite the blockchain network is busy. Small time gambler should not gamble if there money is not enough to cover withdrawal fee, It just mean that gambling is not for them due to there small financial capacity. They can always use free token to try the Casino to avoid spending there money. If you are too cautious on transaction which is around 1$-3$ only then online gambling is not for you. Even physical casino requires players to have a minimum amount of money before they can enter the Casino.

Not to discourage small time players but to help them use there money in proper way since gambling is for entertainment only.

[davis196]

I don't know why OP is complaining about 3 dollars.This isn't the end of the world.People were scammed on crypto casinos and cryptocurrency exchange platforms,losing thousands of dollars worth of crypto.
OP,you should have read the Terms of Service,Privacy policy and FAQ of Stake,before dealing with deposits and withdrawals.There's a saying "Always read the fine print",because in the fine print you might find terms and conditions that you might not like.

[ralle14]

I'm surprised no one has mentioned this before, but if the btc fees are high for your bankroll, there are other options, for example:

LTC - $0.06 fee
TRX - $0.06 fee
XRP - < 1 cent fee

And they are all faster to confirm and have lower minimums to withdraw.

On top of this, there's the option to exchange their bitcoins <-> altcoins within the site as someone created a third-party exchange service which is pretty convenient.

I don't know why OP is complaining about 3 dollars.This isn't the end of the world.People were scammed on crypto casinos and cryptocurrency exchange platforms,losing thousands of dollars worth of crypto.

Maybe it's because he's a small player and for them, every dollar adds up whenever you withdraw. I also don't play with a huge bankroll but for me it doesn't hurt to spend a few dollars just to withdraw my money knowing there are casinos that charges higher fees than stake.

[Bitinity]

I don't know why OP is complaining about 3 dollars.This isn't the end of the world.People were scammed on crypto casinos and cryptocurrency exchange platforms,losing thousands of dollars worth of crypto.
OP,you should have read the Terms of Service,Privacy policy and FAQ of Stake,before dealing with deposits and withdrawals.There's a saying "Always read the fine print",because in the fine print you might find terms and conditions that you might not like.

I dont think he is complaining about the 3 dollars but he is complaining about the different amount between what is charged to him and the amount of the actual fee. It has been answered clearly by Stunna though, maybe it is his first time withdrawing from Stake using btc or maybe it is his first time withdrawing from casino with fixed withdrawal fee.

[Fortify]

I'm surprised no one has mentioned this before and why Stake continues to think it's acceptable behavior.

Stake subtracted $3.09 from my withdraw
https://ibb.co/mRc56hy

Cost of the transaction on the blockchain was only $1.69
https://ibb.co/4m3gg6L

So my question remains what did Stake do with the remaining $1.40 

It is a big amount to go missing especially when some Sportsbooks don't charge anything.

You should always be aware of withdrawal fees and policies before you start using any casino. You see similar things with bonus and welcome offers - a hugely enticing amount that only draws in unsuspecting users because if you read the fine print, or sometimes it is stated much more explicitly, you must play through the amount many times (which you'll end up losing) before you can take the money out. When we're talking about such a low and trivial amount, you'd be lucky to have anything left over after transaction fees even in the best case scenario. You'd find your time much better spent on other things than trying to pursue pennies or writing complaints such as these.

[Shamm]

I'm surprised no one has mentioned this before and why Stake continues to think it's acceptable behavior.

Stake subtracted $3.09 from my withdraw
https://ibb.co/mRc56hy

Cost of the transaction on the blockchain was only $1.69
https://ibb.co/4m3gg6L

So my question remains what did Stake do with the remaining $1.40 

It is a big amount to go missing especially when some Sportsbooks don't charge anything.

You should always be aware of withdrawal fees and policies before you start using any casino. You see similar things with bonus and welcome offers - a hugely enticing amount that only draws in unsuspecting users because if you read the fine print, or sometimes it is stated much more explicitly, you must play through the amount many times (which you'll end up losing) before you can take the money out. When we're talking about such a low and trivial amount, you'd be lucky to have anything left over after transaction fees even in the best case scenario. You'd find your time much better spent on other things than trying to pursue pennies or writing complaints such as these.

Every withdrawal has a charge or fees or every transactions you made. Amd yes before you complain anything you should aware first that everytime you withdraw and amount there are fees. For me 3 dollars is not just a very big money so theres no reason why we are complaining about this.
Op like what they said above read the terms and conditions about withdrawal and deposit first before you join/ play in any gambling or sites.

[acener]

I'm surprised no one has mentioned this before and why Stake continues to think it's acceptable behavior.


Stake subtracted $3.09 from my withdraw
https://ibb.co/mRc56hy

Cost of the transaction on the blockchain was only $1.69
https://ibb.co/4m3gg6L


So my question remains what did Stake do with the remaining $1.40 

It is a big amount to go missing especially when some Sportsbooks don't charge anything.

It is how they run their business and how they continue to provide their services to other gamblers as well.
If you're so concern about the fee you should have think about it or read their TOS or any information regarding their site before using their service.
It isn't small amount for others but it isn't also their problem because they didn't force you to use their service on the first place it was your choice.

[Odusko]

Stake.com already have a large community base and that will not border on the feeling of the small players, the high fee mostly affect small withdrawal because those withdrawing big amount will not feel the impact of such fees. The truth is such withdrawal conditions are not mentioned on the t&c so it may become a surprising thing when you see such high fees at the point of withdrawal I guess you should just keep on playing until your balance is above that fee before your withdrawal and move on.

[Gozie51]

Your transaction happened to use very few inputs and was during a non-peak time. Before you made your transaction we do tell you what the fee is and you do have the option to use coins with lower fee. But we would like to offer economy fee options going forward.

I think users of gambling sites should understand that there off peak periods and high peak periods indicating rush hours and times that transactions are very low. At least the charges are not the same and users can decide to withdraw at the times convenient, like during the evening transactions are lesser. Also having options of low fee coins is for users choice, we know btc and eth are usually high in transactions and so fees too get high.

[Jody.Drummer]

I see no reason to get Steve or the customer support involved in this matter. You were charged a withdrawal fee like any other player on Stake is. Part of that sum was used to pay for mining fees and the rest is Stake's profit. If you don't like that, you can take your gambling to a site that doesn't charge its players anything when they perform withdrawals.   

Alright, I agree, if you feel that the OP's withdrawal is overstretched, there are still plenty of casinos available with minimum withdrawals. And this shouldn't be too much of a problem. Even I think the $3 fee is quite cheap when compared to when gamblers make a lot of money in casinos. Especially if the loss is a deal. Btw, your thread that has been created is very helpful for me personally because I no longer need to explore the rules regarding deposits or withdrawals. Let me mark it for personal use.

[Mahanton]

Your transaction happened to use very few inputs and was during a non-peak time. Before you made your transaction we do tell you what the fee is and you do have the option to use coins with lower fee. But we would like to offer economy fee options going forward.

I think users of gambling sites should understand that there off peak periods and high peak periods indicating rush hours and times that transactions are very low. At least the charges are not the same and users can decide to withdraw at the times convenient, like during the evening transactions are lesser. Also having options of low fee coins is for users choice, we know btc and eth are usually high in transactions and so fees too get high.

A simple technical thing but not all would really be that knowledgeable about inputs and other things in related to it on which they do always have that impression
that where theres few input or non peak time then they do understand that fees should be low and charge less but this isnt the case that we are seeing on here.
Anyone does have precise explanation for the benefit or sake of people who dont understand this stuff?

[Pmalek]

Btw, your thread that has been created is very helpful for me personally because I no longer need to explore the rules regarding deposits or withdrawals. Let me mark it for personal use.

My thread serves as a solid reference, but you shouldn't look at it as the absolute truth. I don't check each casino and the amounts that often, so it is possible that it can be outdated. I performed the last complete check of all sites sometimes in January. Other small changes are made thanks to many other users who inform me in case the amounts change for certain casinos.

[MCVXYZ]

here you can see table showing the minimum bitcoin withdrawal amounts, fees and choose a casino which will  meet your requirements: https://bitcointalk.org/index.php?topic=5333602.0 - but check the last edit date.

[Saisher]

here you can see table showing the minimum bitcoin withdrawal amounts, fees and choose a casino which will  meet your requirements: https://bitcointalk.org/index.php?topic=5333602.0 - but check the last edit date.

He has a wide choice of casinos that offers free transaction fees, this table is good for those whose part of the preference is the withdrawal fees, it's not one of the preferences, I look at reputation and support, but it's indeed a good reference it adds just up the popularity of the casino if they offer free withdrawal fees, but casinos has their own set rules when it comes to withdrawal.

[noormcs5]

here you can see table showing the minimum bitcoin withdrawal amounts, fees and choose a casino which will  meet your requirements: https://bitcointalk.org/index.php?topic=5333602.0 - but check the last edit date.

He has a wide choice of casinos that offers free transaction fees, this table is good for those whose part of the preference is the withdrawal fees, it's not one of the preferences, I look at reputation and support, but it's indeed a good reference it adds just up the popularity of the casino if they offer free withdrawal fees, but casinos has their own set rules when it comes to withdrawal.

Well, my take on this is a bit different. I don't see low withdrawal fee as a measure to choose and play at a casino. Stake is a good casino to play and even if i have to pay a dollar or two more withdrawal fee, i will be happy to do so. They have so many features which you won't find on other gambling sites like their sports betting is very popular. You would not stop betting there only because they charge you 2 dollars extra withdrawal fee, would you?

[Jawhead999]

If you're so concern about the fee you should have think about it or read their TOS or any information regarding their site before using their service.

They do mentioned they will charge additional fees before to withdraw on TOS (as posted above $3), but they didn't give full detail between the fees that be paid to miners and additional fees to proceed the transactions.

Many people already give an answer, even @Stunna has explained the reason why does they charge particular fees... but @OP didn't comeback or even log in to continue about this matter. I think this case can be marked as solved due to no one complaining anymore.

[Mahdirakib]

We charge the average transaction fee

What about Primedice? Charging 0.0002 BTC as withdrawal fee doesn't make sense at this moment. Bitcoin withdrawal fee was 5k satoshi at Primedice and Stake. The fee had been increased to 20k satoshi at both platforms when Bitcoin network was overloaded for a long period of time. Now the Bitcoin network isn't overloaded for almost a year. Stake has reduced the withdrawal fee to 7k satoshi few months ago, but the fee is still 20k satoshi at Primedice. Why the negligence!

But we would like to offer economy fee options going forward.

Don't forget to bring the changes on Primedice withdrawal fee too.

[nakamura12]

They do mentioned they will charge additional fees before to withdraw on TOS (as posted above $3), but they didn't give full detail between the fees that be paid to miners and additional fees to proceed the transactions.

Many people already give an answer, even @Stunna has explained the reason why does they charge particular fees... but @OP didn't comeback or even log in to continue about this matter. I think this case can be marked as solved due to no one complaining anymore.

I would second this as this should be marked as solved since the explanation why stake charge additional fee that will show how much the fee would be once an additional fee is needed to withdraw. I wonder what op will think or feel after reading why in op's case that the fee is $3 when in the blockchain the fee is $1. It made me think that op didn't know about some wallet provider where a person can change the fee.

[coin-investor]

here you can see table showing the minimum bitcoin withdrawal amounts, fees and choose a casino which will  meet your requirements: https://bitcointalk.org/index.php?topic=5333602.0 - but check the last edit date.

He has a wide choice of casinos that offers free transaction fees, this table is good for those whose part of the preference is the withdrawal fees, it's not one of the preferences, I look at reputation and support, but it's indeed a good reference it adds just up the popularity of the casino if they offer free withdrawal fees, but casinos has their own set rules when it comes to withdrawal.

Well, my take on this is a bit different. I don't see low withdrawal fee as a measure to choose and play at a casino. Stake is a good casino to play and even if i have to pay a dollar or two more withdrawal fee, i will be happy to do so. They have so many features which you won't find on other gambling sites like their sports betting is very popular. You would not stop betting there only because they charge you 2 dollars extra withdrawal fee, would you?

If he's a small player and the extra dollar means a lot then he can look elsewhere there is no withdrawal fee, the forum is not lacking good casinos that offer cheap or free transactions, but if you are high rollers $2 to $3 don't mean a lot as long as you will receive your withdrawals or winnings when you want it, no doubt Stake is a good place to play but they are not perfect that can meet every player's expectation.

[Sanitough]

They do mentioned they will charge additional fees before to withdraw on TOS (as posted above $3), but they didn't give full detail between the fees that be paid to miners and additional fees to proceed the transactions.

Many people already give an answer, even @Stunna has explained the reason why does they charge particular fees... but @OP didn't comeback or even log in to continue about this matter. I think this case can be marked as solved due to no one complaining anymore.

I would second this as this should be marked as solved since the explanation why stake charge additional fee that will show how much the fee would be once an additional fee is needed to withdraw. I wonder what op will think or feel after reading why in op's case that the fee is $3 when in the blockchain the fee is $1. It made me think that op didn't know about some wallet provider where a person can change the fee.

I could assume and think that OP had realized that he is wrong and he moves on. He'll be finding now new exchanges that can give him a cheaper withdrawal fee which he expects in the first place. Honestly, $3 is not acceptable for me as well and the good thing is that we have a lot of options. That I made a suggestion for OP to make a search first about the site like withdrawal fees including the maximum amount so we won't get surprised.

[TimeTeller]

here you can see table showing the minimum bitcoin withdrawal amounts, fees and choose a casino which will  meet your requirements: https://bitcointalk.org/index.php?topic=5333602.0 - but check the last edit date.

He has a wide choice of casinos that offers free transaction fees, this table is good for those whose part of the preference is the withdrawal fees, it's not one of the preferences, I look at reputation and support, but it's indeed a good reference it adds just up the popularity of the casino if they offer free withdrawal fees, but casinos has their own set rules when it comes to withdrawal.

Well, my take on this is a bit different. I don't see low withdrawal fee as a measure to choose and play at a casino. Stake is a good casino to play and even if i have to pay a dollar or two more withdrawal fee, i will be happy to do so. They have so many features which you won't find on other gambling sites like their sports betting is very popular. You would not stop betting there only because they charge you 2 dollars extra withdrawal fee, would you?

If he's a small player and the extra dollar means a lot then he can look elsewhere there is no withdrawal fee, the forum is not lacking good casinos that offer cheap or free transactions, but if you are high rollers $2 to $3 don't mean a lot as long as you will receive your withdrawals or winnings when you want it, no doubt Stake is a good place to play but they are not perfect that can meet every player's expectation.

When it comes to withdrawal fees, that's where small players are worried of.
The good thing about stake is that you know for sure, your transaction will go thru.
It is their fix amount of withdrawal fee, so if you are a high roller, definitely, this amount doesn't matter to you.
So if you are just a small time player, better look for other casinos which has small withdrawal fees or use the dinabot as suggested to convert to other alts.
Some casinos do charge what is the actual network fee, but most are charging fix fees. It is your choice where to play anyway.

[robelneo]

When it comes to withdrawal fees, that's where small players are worried of.
The good thing about stake is that you know for sure, your transaction will go thru.
It is their fix amount of withdrawal fee, so if you are a high roller, definitely, this amount doesn't matter to you.
So if you are just a small time player, better look for other casinos which has small withdrawal fees or use the dinabot as suggested to convert to other alts.
Some casinos do charge what is the actual network fee, but most are charging fix fees. It is your choice where to play anyway.

I used to play on Stake.com I noticed that the fee is quite high compared to other casinos but transactions always showed up in a few minutes, I have no problem with withdrawal I just like playing there and there's emotional attachment if you're enjoying the game and not looking for profit if you're withdrawing a lot and you're playing with a small amount you'll notice that but if you want to enjoy and not withdrawing often you will just ignore it.

[Jody.Drummer]

Btw, your thread that has been created is very helpful for me personally because I no longer need to explore the rules regarding deposits or withdrawals. Let me mark it for personal use.

My thread serves as a solid reference, but you shouldn't look at it as the absolute truth. I don't check each casino and the amounts that often, so it is possible that it can be outdated. I performed the last complete check of all sites sometimes in January. Other small changes are made thanks to many other users who inform me in case the amounts change for certain casinos.

And I as a gambler really like the work that helps some of us to be more extensive in reviewing the casino with all the rules. What I did was combine your thread with the thread regarding the Information of Crypto Casino License and KYC requirements created by
Mahdirakibm and another work that I found quite helpful for you is the List Of Crypto Casinos with The Best Faucets plus a mix of someone else's review which is quite good namely GamblingBro.com Honest crypto casino reviews Tested with real deposits.

[redsun114]

I used to play on Stake.com I noticed that the fee is quite high compared to other casinos but transactions always showed up in a few minutes, I have no problem with withdrawal I just like playing there and there's emotional attachment if you're enjoying the game and not looking for profit if you're withdrawing a lot and you're playing with a small amount you'll notice that but if you want to enjoy and not withdrawing often you will just ignore it.

Transactions showing up quickly is due to the high transaction fee that stake charges and also because they offer instant withdrawals. No need for the gamblers to wait few minutes or an hour before they got their money, that is only one of the advantages playing with stake casino.

If your playing for fun, you will tend to deposit smaller amounts because you will gonna use all of it so fees in the withdrawals is not your primary concern but if you want to play for profit, using a small amount can be crucial for winning and it will be hard for you to reach the site's withdrawal threshold. Fix withdrawal fees are better IMO because you know your going to pay the same even the network fees outside are high.

[Quidat]

When it comes to withdrawal fees, that's where small players are worried of.
The good thing about stake is that you know for sure, your transaction will go thru.
It is their fix amount of withdrawal fee, so if you are a high roller, definitely, this amount doesn't matter to you.
So if you are just a small time player, better look for other casinos which has small withdrawal fees or use the dinabot as suggested to convert to other alts.
Some casinos do charge what is the actual network fee, but most are charging fix fees. It is your choice where to play anyway.

I used to play on Stake.com I noticed that the fee is quite high compared to other casinos but transactions always showed up in a few minutes, I have no problem with withdrawal I just like playing there and there's emotional attachment if you're enjoying the game and not looking for profit if you're withdrawing a lot and you're playing with a small amount you'll notice that but if you want to enjoy and not withdrawing often you will just ignore it.

For small time or small scale gamblers then this kind of amount wouldnt be something that you could just ignore.Yes, its a bit high compared on most casinos but not really that much though.
Only people who do have  small balances would really be having these kind of complaints because few bucks wouldnt really hurt that bad but i couldnt blame them though since there are really
people who do really mind on money that they are currently spending.

[wxa7115]

here you can see table showing the minimum bitcoin withdrawal amounts, fees and choose a casino which will  meet your requirements: https://bitcointalk.org/index.php?topic=5333602.0 - but check the last edit date.

He has a wide choice of casinos that offers free transaction fees, this table is good for those whose part of the preference is the withdrawal fees, it's not one of the preferences, I look at reputation and support, but it's indeed a good reference it adds just up the popularity of the casino if they offer free withdrawal fees, but casinos has their own set rules when it comes to withdrawal.

Well, my take on this is a bit different. I don't see low withdrawal fee as a measure to choose and play at a casino. Stake is a good casino to play and even if i have to pay a dollar or two more withdrawal fee, i will be happy to do so. They have so many features which you won't find on other gambling sites like their sports betting is very popular. You would not stop betting there only because they charge you 2 dollars extra withdrawal fee, would you?

While in my case a low fee or even a withdrawal fee of zero is not really an important factor at all when it comes to choosing a casino in which I would like to play, I can understand that for other people which are using a very small amount of money to gamble this can be critical.

However there are threads on this forum which have been shared here before which can give you a guide as that information has been collected already, and allow to those that think this is important for them to select the best casinos based on this criteria.

[Maslate]

here you can see table showing the minimum bitcoin withdrawal amounts, fees and choose a casino which will  meet your requirements: https://bitcointalk.org/index.php?topic=5333602.0 - but check the last edit date.

He has a wide choice of casinos that offers free transaction fees, this table is good for those whose part of the preference is the withdrawal fees, it's not one of the preferences, I look at reputation and support, but it's indeed a good reference it adds just up the popularity of the casino if they offer free withdrawal fees, but casinos has their own set rules when it comes to withdrawal.

Well, my take on this is a bit different. I don't see low withdrawal fee as a measure to choose and play at a casino. Stake is a good casino to play and even if i have to pay a dollar or two more withdrawal fee, i will be happy to do so. They have so many features which you won't find on other gambling sites like their sports betting is very popular. You would not stop betting there only because they charge you 2 dollars extra withdrawal fee, would you?

While in my case a low fee or even a withdrawal fee of zero is not really an important factor at all when it comes to choosing a casino in which I would like to play, I can understand that for other people which are using a very small amount of money to gamble this can be critical.

However there are threads on this forum which have been shared here before which can give you a guide as that information has been collected already, and allow to those that think this is important for them to select the best casinos based on this criteria.

Fees really vary depending on the coin/token you are using and depending on its price and market congestion. Based on my experience, I find XRP as the best coin to gamble on because its transaction fee is cheap and it would easily go through your wallet. Also, you won't worry about trading it because it has a high liquidity and available in different big exchanges.

[Kakmakr]

Did you guys notice that OP was trying to withdraw Bitcoin (BTC)? I withdraw some bitcoin from Stake.com once and I said never again... I will much rather deposit a coin with much lower withdrawal fees (like TRX) and then when I win, withdraw in TRX.

Stake is charging a Premium fee on Bitcoin (BTC) withdrawals because the miners fees can be very high some times. I think it is wise to charge a little higher fees on Blockchains with a higher miner fee, so that you can collect a bigger fund when you deal with transactions with high inputs.

[joeperry]

I don't think they are referring to transaction fee but processing fee which I think includes the processing and the TX fee of the transaction but for me that's not really a big deal but it might be a problem for players with smaller bankrolls. @Kakmakr was the fee for other coin is much lower? If that is the case then I think sticking with other coin is much suitable for cheaper processing fee.

[Bitinity]

was the fee for other coin is much lower? If that is the case then I think sticking with other coin is much suitable for cheaper processing fee.

Absolutely, in stake there are some other coins with cheaper withdrawal fee and I guess all casino do the same. For example, withdrawal fee with TRX is $0.08 only, Ltc = $0.06 and some others can be checked in advance once you are login to your stake account and open the withdrawal menu. Anyway the concern from OP has been answered clearly by Stunna and it has been asked few times in the past but seems that users are not aware about how the withdrawal fee works in Stake.

[khaled0111]

I will much rather deposit a coin with much lower withdrawal fees (like TRX) and then when I win, withdraw in TRX.

Stake is charging a Premium fee on Bitcoin (BTC) withdrawals because the miners fees can be very high some times. I think it is wise to charge a little higher fees on Blockchains with a higher miner fee, so that you can collect a bigger fund when you deal with transactions with high inputs.

Yes, using a different cryptocurrency which has lieer transaction fees is the best thing to do, whenever possible. The only drawback is that this is not always an option either because the customer doesn't have any coins in his wallet other than bitcoin or because the casino does not have an internal exchange so you can withdraw only in the same cryptocurrency you used to deposit.

[Desmong]

I don't think they are referring to transaction fee but processing fee which I think includes the processing and the TX fee of the transaction but for me that's not really a big deal but it might be a problem for players with smaller bankrolls. @Kakmakr was the fee for other coin is much lower? If that is the case then I think sticking with other coin is much suitable for cheaper processing fee.

Since op knows that he had a small bank roll, he should have use other coin apart from Bitcoin. Sometimes Bitcoin do have high fee especially when the market is gaining momentum. Each gambling site do have their own fee attached to withdraw while some don't have.
@Kakmakr can decides to use another gambling platform that requires no fee or rather still, can withdraw using other coins like Tron that has low fee.

[jostorres]

Did you guys notice that OP was trying to withdraw Bitcoin (BTC)? I withdraw some bitcoin from Stake.com once and I said never again... I will much rather deposit a coin with much lower withdrawal fees (like TRX) and then when I win, withdraw in TRX.

Stake is charging a Premium fee on Bitcoin (BTC) withdrawals because the miners fees can be very high some times. I think it is wise to charge a little higher fees on Blockchains with a higher miner fee, so that you can collect a bigger fund when you deal with transactions with high inputs.

Unfortunately that is the case in most places. I gamble in some different places and I have to say it has been so long since I wagered with bitcoin. I have usdt that I can gamble these days, which allows me to gamble with dollars and see what I am doing a lot more clearly, when you have it in satoshi denomination it is a bit harder to calculate it at all times but when you do not do that, and just use usdt then it means you will be capable of doing better. That's at least what I have lived through for the past few years.

BTC is just not okay for gambling anymore, it is too slow and too expensive and totally useless, stablecoins are the way for me.

[livingfree]

BTC is just not okay for gambling anymore, it is too slow and too expensive and totally useless, stablecoins are the way for me.

It's still good, I've been doing transactions and it's just costing me around from $0.1 to $0.3. I wouldn't say useless if it's about those but maybe I've just got used to it.

And for stable coins, I do agree to you that they're a way for you and for the others as well but I still people see that they're into it using ERC20 and that's more costly than bitcoin.

[Hamphser]

BTC is just not okay for gambling anymore, it is too slow and too expensive and totally useless, stablecoins are the way for me.

It's still good, I've been doing transactions and it's just costing me around from $0.1 to $0.3. I wouldn't say useless if it's about those but maybe I've just got used to it.

And for stable coins, I do agree to you that they're a way for you and for the others as well but I still people see that they're into it using ERC20 and that's more costly than bitcoin.

Using up erc20 chain would really make things even more worst speaking with fees and its true that Stake fees does have bigger or not really going in network condition or simply dynamic but rather static ones.

They are really charging big which is more than on the network fees but as a business you would definitely understand on how they do take out these transactions but this wont really be an issue for most people

and only who do deal with small amounts would be basically be having a trouble or hard time on accepting these fees but eventually we do have lots of alternatives to choose from.

[CaVO32]

BTC is just not okay for gambling anymore, it is too slow and too expensive and totally useless, stablecoins are the way for me.

It's still good, I've been doing transactions and it's just costing me around from $0.1 to $0.3. I wouldn't say useless if it's about those but maybe I've just got used to it.

And for stable coins, I do agree to you that they're a way for you and for the others as well but I still people see that they're into it using ERC20 and that's more costly than bitcoin.

Using up erc20 chain would really make things even more worst speaking with fees and its true that Stake fees does have bigger or not really going in network condition or simply dynamic but rather static ones.

They are really charging big which is more than on the network fees but as a business you would definitely understand on how they do take out these transactions but this wont really be an issue for most people

and only who do deal with small amounts would be basically be having a trouble or hard time on accepting these fees but eventually we do have lots of alternatives to choose from.

And besides, the OP can't withdraw his small amount of btc in stake because they have minimum withdrawal of 50k sats. So there's no sense of complaining about the withdrawal fee because in the first place, he can't withdraw his funds. He should have checked the fees of the casino before sending money to them. This is one of the factors that I also check in casino, if in case I will play aside from the wagering and kyc requirements.

[Hamphser]

BTC is just not okay for gambling anymore, it is too slow and too expensive and totally useless, stablecoins are the way for me.

It's still good, I've been doing transactions and it's just costing me around from $0.1 to $0.3. I wouldn't say useless if it's about those but maybe I've just got used to it.

And for stable coins, I do agree to you that they're a way for you and for the others as well but I still people see that they're into it using ERC20 and that's more costly than bitcoin.

Using up erc20 chain would really make things even more worst speaking with fees and its true that Stake fees does have bigger or not really going in network condition or simply dynamic but rather static ones.

They are really charging big which is more than on the network fees but as a business you would definitely understand on how they do take out these transactions but this wont really be an issue for most people

and only who do deal with small amounts would be basically be having a trouble or hard time on accepting these fees but eventually we do have lots of alternatives to choose from.

And besides, the OP can't withdraw his small amount of btc in stake because they have minimum withdrawal of 50k sats. So there's no sense of complaining about the withdrawal fee because in the first place, he can't withdraw his funds. He should have checked the fees of the casino before sending money to them. This is one of the factors that I also check in casino, if in case I will play aside from the wagering and kyc requirements.

Some people do have that kind of thinking or impression that most casinos do share up with the same fee structure which would really be dynamic or just simply pure network fees.Whereas, there are sites which do

charged up aside from network fees but its been a while that Stake does have that static fee which i have been saying earlier that it would only hurt to those small time gamblers.Its true that if you dont like
on getting hassle or problems about fee on withdrawals then you should really check it out earlier so that you wont really be putting yourself into this kind of condition or situation.

[khaled0111]

BTC is just not okay for gambling anymore, it is too slow and too expensive and totally useless, stablecoins are the way for me.

Sorry, but I don't agree with this especially saying that using bitcoin is useless! There are many solutions and workarounds to all the issues you mentioned such as accepting instant deposits, batching withdrawal transactions, using the lightning network... But, unfortunately, many crypto businesses are too lazy or incompetent to implement them.
Besides, for the past few months, most of the time 1-5 sat/vb is enough for a fast confirmation.
For more than three years I didn't use any cryptocurrency other than bitcoin and I can't complain.

[STT]

Dont withdraw really tiny amounts, its probably not worth it.   We've discussed this many times over the years and Stake is a long term establishment so you are probably fine to just leave it there and come back some other time to spend it or gamble on some big event.   They let you gamble small amounts, I cant see the real complaint.   They charged you an extra dollar, thats not worth the moaning about when its free to use otherwise and  maintain a balance or do nothing etc.
  In a few years you will probably be really happy you left a couple random balances places (and still be able to use it as and when you wish) and didnt just switch it all back to dollars.

[livingfree]

BTC is just not okay for gambling anymore, it is too slow and too expensive and totally useless, stablecoins are the way for me.

It's still good, I've been doing transactions and it's just costing me around from $0.1 to $0.3. I wouldn't say useless if it's about those but maybe I've just got used to it.

And for stable coins, I do agree to you that they're a way for you and for the others as well but I still people see that they're into it using ERC20 and that's more costly than bitcoin.

Using up erc20 chain would really make things even more worst speaking with fees and its true that Stake fees does have bigger or not really going in network condition or simply dynamic but rather static ones.

They are really charging big which is more than on the network fees but as a business you would definitely understand on how they do take out these transactions but this wont really be an issue for most people

and only who do deal with small amounts would be basically be having a trouble or hard time on accepting these fees but eventually we do have lots of alternatives to choose from.

If it's for bitcoin the amount could be high if it's about the minimum withdrawal. But I think the other altcoins, don't charge that much.

For doge, it's just around $0.2 and for Litecoin it will only cost $0.06. Correct me if I'm wrong, that's the entire fee that should sum up with the minimum withdrawal requirement threshold.

So if the problem is if they charge quite high for bitcoin transactions then deposit with the alternative option so that you won't be charge that much during withdrawal for these two examples.

[Hamphser]

BTC is just not okay for gambling anymore, it is too slow and too expensive and totally useless, stablecoins are the way for me.

It's still good, I've been doing transactions and it's just costing me around from $0.1 to $0.3. I wouldn't say useless if it's about those but maybe I've just got used to it.

And for stable coins, I do agree to you that they're a way for you and for the others as well but I still people see that they're into it using ERC20 and that's more costly than bitcoin.

Using up erc20 chain would really make things even more worst speaking with fees and its true that Stake fees does have bigger or not really going in network condition or simply dynamic but rather static ones.

They are really charging big which is more than on the network fees but as a business you would definitely understand on how they do take out these transactions but this wont really be an issue for most people

and only who do deal with small amounts would be basically be having a trouble or hard time on accepting these fees but eventually we do have lots of alternatives to choose from.

If it's for bitcoin the amount could be high if it's about the minimum withdrawal. But I think the other altcoins, don't charge that much.

For doge, it's just around $0.2 and for Litecoin it will only cost $0.06. Correct me if I'm wrong, that's the entire fee that should sum up with the minimum withdrawal requirement threshold.

So if the problem is if they charge quite high for bitcoin transactions then deposit with the alternative option so that you won't be charge that much during withdrawal for these two examples.

Yeah, thats why i have said that there are lots of choices which you could choose from and not that to stick out with bitcoin because there are indeed times that casinos do really charge up even more
than on the usual network fee which you wont really be that dumb specially if you are playing with small funds on pursuing on making btc transactions but instead you would find for another
alternative which would really solve out your problem.So its a personal choice whether they do deal with high fees or would go to the options available.

[Fivestar4everMVP]

I'm surprised no one has mentioned this before and why Stake continues to think it's acceptable behavior.


Stake subtracted $3.09 from my withdraw
https://ibb.co/mRc56hy

Cost of the transaction on the blockchain was only $1.69
https://ibb.co/4m3gg6L


So my question remains what did Stake do with the remaining $1.40 

It is a big amount to go missing especially when some Sportsbooks don't charge anything.

Welcome to centralization, this is not a thing we've never seen before so am honestly surprised you are complaining about, this behavior isn't of stakes alone, all centralized exchanges have a flat fee which they charge for withdrawals and the worst the state of the network around your time of withdrawal, the higher the fees, and please note that the fee you pay will always be higher than what the network will take to confirm the transaction, this is one of the many cons of centralization.

So, if stakes charged you $3 for a withdrawal which the blockchain network took only $1 to confirm the transaction, then consider the remaining $2 as money which stakes uses to maintain their site, pay workers salaries,  plus other miscallicious expenses.

[livingfree]

If it's for bitcoin the amount could be high if it's about the minimum withdrawal. But I think the other altcoins, don't charge that much.

For doge, it's just around $0.2 and for Litecoin it will only cost $0.06. Correct me if I'm wrong, that's the entire fee that should sum up with the minimum withdrawal requirement threshold.

So if the problem is if they charge quite high for bitcoin transactions then deposit with the alternative option so that you won't be charge that much during withdrawal for these two examples.

Yeah, thats why i have said that there are lots of choices which you could choose from and not that to stick out with bitcoin because there are indeed times that casinos do really charge up even more
than on the usual network fee which you wont really be that dumb specially if you are playing with small funds on pursuing on making btc transactions but instead you would find for another
alternative which would really solve out your problem.So its a personal choice whether they do deal with high fees or would go to the options available.

Yes, that's the reality that if it's for bitcoin gambling, it's not ideal to deposit it if you only have small funds.

But for larger funds then that's totally fine and you don't mind the withdrawal fee since it isn't that much for you. We all got have some solutions for the high fees just to keep going with the entertainment and fun we want to do.

[AmoreJaz]

If it's for bitcoin the amount could be high if it's about the minimum withdrawal. But I think the other altcoins, don't charge that much.

For doge, it's just around $0.2 and for Litecoin it will only cost $0.06. Correct me if I'm wrong, that's the entire fee that should sum up with the minimum withdrawal requirement threshold.

So if the problem is if they charge quite high for bitcoin transactions then deposit with the alternative option so that you won't be charge that much during withdrawal for these two examples.

Yeah, thats why i have said that there are lots of choices which you could choose from and not that to stick out with bitcoin because there are indeed times that casinos do really charge up even more
than on the usual network fee which you wont really be that dumb specially if you are playing with small funds on pursuing on making btc transactions but instead you would find for another
alternative which would really solve out your problem.So its a personal choice whether they do deal with high fees or would go to the options available.

Yes, that's the reality that if it's for bitcoin gambling, it's not ideal to deposit it if you only have small funds.

But for larger funds then that's totally fine and you don't mind the withdrawal fee since it isn't that much for you. We all got have some solutions for the high fees just to keep going with the entertainment and fun we want to do.

after the op posted this thread, he has not come back. so maybe, he realised that this fee is just normal if you are dealing with btc in casinos. of course, if you are high roller, you won't care about few bucks of fees. but if you are a small timer, it is like giving all your funds for fees only. but he maybe realised that he can't withdraw his target amt as it is below the min withdrawal of the casino. next time, if he wants to play in any casino, he should check the fees involved as well as min withdrawal amt so he is not caught by surprise.

[ibuddy122505]

after the op posted this thread, he has not come back. so maybe, he realised that this fee is just normal if you are dealing with btc in casinos. of course, if you are high roller, you won't care about few bucks of fees. but if you are a small timer, it is like giving all your funds for fees only. but he maybe realised that he can't withdraw his target amt as it is below the min withdrawal of the casino. next time, if he wants to play in any casino, he should check the fees involved as well as min withdrawal amt so he is not caught by surprise.

Actually realization is a great things, as there's no second choice but have to pay fees. Dealing with BTC in Casinos pretty costly to any small roller gambler, nor at stake but all other casinos. Smart user of course will avoid BTC in casinos since it charges higher fees than any other altcoins. Dealing with trx, doge, etc has advantage as it's network charges minimal fees and this is bearable to any types of gamblers. Before making deposit it would be better check out their withdrawal range and charges.

[Reatim]

And besides, the OP can't withdraw his small amount of btc in stake because they have minimum withdrawal of 50k sats. So there's no sense of complaining about the withdrawal fee because in the first place, he can't withdraw his funds. He should have checked the fees of the casino before sending money to them. This is one of the factors that I also check in casino, if in case I will play aside from the wagering and kyc requirements.

I think OP is just desperate to make wrong impression in Stake.com because he is a complete loser , he cannot accept the fact that he has been losing because of His addiction and now wanted to put blame in Stake in which His way is far wrong from reality , Minimum withdrawal must be there for him to get his funds and if he only has 50k satoshi then the fee will never be a problem but the thing is he has very small amount to take and this is what drives him to making this thread just for desperation .

[swogerino]

And besides, the OP can't withdraw his small amount of btc in stake because they have minimum withdrawal of 50k sats. So there's no sense of complaining about the withdrawal fee because in the first place, he can't withdraw his funds. He should have checked the fees of the casino before sending money to them. This is one of the factors that I also check in casino, if in case I will play aside from the wagering and kyc requirements.

I think OP is just desperate to make wrong impression in Stake.com because he is a complete loser , he cannot accept the fact that he has been losing because of His addiction and now wanted to put blame in Stake in which His way is far wrong from reality , Minimum withdrawal must be there for him to get his funds and if he only has 50k satoshi then the fee will never be a problem but the thing is he has very small amount to take and this is what drives him to making this thread just for desperation .

Since he has not come back it means that it was a rushing mistake from the OP,he didn't check the term and conditions otherwise he would have seen that the fixed amount of Bitcoin which is very low is a fixed amount from Stake,which ever amount I have withdrawn from 0.001 to 0.01 Bitcoin the fee was always the same a fixed amount of 0.00007 Bitcoin.

[mrongoz_imut]

And besides, the OP can't withdraw his small amount of btc in stake because they have minimum withdrawal of 50k sats. So there's no sense of complaining about the withdrawal fee because in the first place, he can't withdraw his funds. He should have checked the fees of the casino before sending money to them. This is one of the factors that I also check in casino, if in case I will play aside from the wagering and kyc requirements.

I think OP is just desperate to make wrong impression in Stake.com because he is a complete loser , he cannot accept the fact that he has been losing because of His addiction and now wanted to put blame in Stake in which His way is far wrong from reality , Minimum withdrawal must be there for him to get his funds and if he only has 50k satoshi then the fee will never be a problem but the thing is he has very small amount to take and this is what drives him to making this thread just for desperation .

Since he has not come back it means that it was a rushing mistake from the OP,he didn't check the term and conditions otherwise he would have seen that the fixed amount of Bitcoin which is very low is a fixed amount from Stake,which ever amount I have withdrawn from 0.001 to 0.01 Bitcoin the fee was always the same a fixed amount of 0.00007 Bitcoin.

He was forget with checking on Term of Service from Stake rule where how minimum withdrawing until with fee withdrawing, usually I withdraw on Stake site trough giving Tips to my friend as buyer and have lower fees transaction than withdrawing fund directly and have got enough fees transaction. I think OP could try by withdrawing trough giving TIPS to some one else but trusted as buyer of his Stake funds, could be small amount have to pay than fees when trying withdraw directly to his cryptocurrency wallet.

[mak013]

And besides, the OP can't withdraw his small amount of btc in stake because they have minimum withdrawal of 50k sats. So there's no sense of complaining about the withdrawal fee because in the first place, he can't withdraw his funds. He should have checked the fees of the casino before sending money to them. This is one of the factors that I also check in casino, if in case I will play aside from the wagering and kyc requirements.

I think OP is just desperate to make wrong impression in Stake.com because he is a complete loser , he cannot accept the fact that he has been losing because of His addiction and now wanted to put blame in Stake in which His way is far wrong from reality , Minimum withdrawal must be there for him to get his funds and if he only has 50k satoshi then the fee will never be a problem but the thing is he has very small amount to take and this is what drives him to making this thread just for desperation .

May be he is just a newbie in cryptocurrencies. In the fiat money the casino commission is really small enough and mostly just fixed percent from your withdrawal. But in cryptocurrencies it doesn`t work. The right way was to choose another cryptocurrency for withdrawal but he didn`t thought about it.
PS. May be you are right that he lost all his money. He saw the commission when he made deposit i think and he ought to think that the commission would be the same.

[naira]

BTC is just not okay for gambling anymore, it is too slow and too expensive and totally useless, stablecoins are the way for me.

It's still good, I've been doing transactions and it's just costing me around from $0.1 to $0.3. I wouldn't say useless if it's about those but maybe I've just got used to it.

And for stable coins, I do agree to you that they're a way for you and for the others as well but I still people see that they're into it using ERC20 and that's more costly than bitcoin.

Not only stablecoins, but options like the altcoins TRX, Doge, and LTC are also still options for gamblers to make deposits at casinos. Regarding BTC deposits, I think it's still recommended compared to ERC20. Even the cost difference is also very far. Therefore the casino provides the option of BTC to MBTC or vice versa to make it easier for gamblers to make deposits.

[Lanatsa]

BTC is just not okay for gambling anymore, it is too slow and too expensive and totally useless, stablecoins are the way for me.

It's still good, I've been doing transactions and it's just costing me around from $0.1 to $0.3. I wouldn't say useless if it's about those but maybe I've just got used to it.

And for stable coins, I do agree to you that they're a way for you and for the others as well but I still people see that they're into it using ERC20 and that's more costly than bitcoin.

Not only stablecoins, but options like the altcoins TRX, Doge, and LTC are also still options for gamblers to make deposits at casinos. Regarding BTC deposits, I think it's still recommended compared to ERC20. Even the cost difference is also very far. Therefore the casino provides the option of BTC to MBTC or vice versa to make it easier for gamblers to make deposits.

But we know that Bitcoin is the main coin on where most people do prefer thats why they do really make out some complaints whenever they do experience such fee problems specially if its high or not really as the same

with the network fees but its not really that a big main issue since we could really be having alternatives on which gamblers should consider to look at rather than on whining and telling that the site is charging too much.
They arent been put there for nothing but rather it would serve out as an other option for you to take as a gambler who are that mindful about fees.

[TwitchySeal]

Nice job op on creating another spam fest with your throwaway account.