Stake charging $3.09 on a $1.69 withdraw

[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.

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[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.