Stake charging $3.09 on a $1.69 withdraw

[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?