Are all crypto gambling charges expensive when it comes to USDT?

[pawanjain]

$19 transaction fees for USDT is definitely huge. I generally play on BC.GAME and currently its charging $4.5 transaction fees which is still way less than $19.
As others have mentioned you can opt for TRC20 chain and get a much cheaper transaction fees.
I guess they have increased the transaction fees because many people decide to play with USDT and so it would benefit them on increasing the fees.
This basically shows that this site is definitely not user friendly.

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[ralle14]

But for other cryptocurrencies that you buy here on this platform such as dogecoin, the transaction fee is only 5 doge deducted, my question is, are most of the cryptocurrency gambling platforms when it comes to usdt withdrawal, are they this expensive is deducted from the transaction
as you can see in the picture?

Nope, there are other gambling sites that charge less while picking the same network and even if there's an increase in network fees it shouldn't be that high but unfortunately not all gambling sites are willing to put in the effort to reduce it to a reasonable amount. The same thing happens with other cryptocurrencies even if the current fees aren't high there are some casinos that don't bother adjusting the fees.

[Jemzx00]

That means the platform currently charging you $15 more. Gas price on Ethereum fluctuates like crazy so the casino's wallet provider must have overestimated it for good measure. I guess it's what you get for using centralized platforms.

I don't think it's because bad measurement, but I'd say the platform e.g. Wintomato is charge higher fees to get more money. The gap is really far for 15x times higher, other centralized exchange and casino didn't even charge such value right now.

It's not about USDT or ERC20 chain that make the fees is really high, but the casino is. I think it's shady for such act and I would never gamble on that casino.

I guess there seems to be an error when it comes to calibration for the withdrawal fees for ERC20 on their platform as other mode of withdrawal doesn't seem to be as high as USDT withdrawal. I'd suggest to raise the issue with their support however upon reading the scam accusation linked by Maus0728, I think they won't be able to fix it anytime soon especially that they're gaining from it.


As for OP, I suggest to either change your withdrawal method on the platform or even avoid the platform at all as it seems that withdrawal fees are not the only issue they have.

[goinmerry]

USDT withdrawals should always be cheap, of course, if the network used is TRC20. That's the most common network used in USDT withdrawals.

Besides, Wintomato should do something about the fees. There are gambling sites that have ERC20 withdrawals but never heard they are charging high fees even though there's no doubt, that the ERC20 network is experiencing high transaction fees right now.

Not saying you should not use the site but better to switch from other gambling sites.

[crwth]

Do you know how much expensive the ERC-20 gas fees are, correct? Having that amount for their withdrawal is not surprising, but it's funny because it has exceeded the minimum withdrawal amount. It is wrong to withdraw in that situation unless you have a high amount prepared to be withdrawn.

It just goes to show how important the merge that there is because it's going to be solving the problems that users and developers are facing; the fees are not fit for what ETH can be, and hopefully, that upgrade would solve it and make it even more usable for everyone and is intended for its purpose.

[danherbias07]

Here is the withdrawal fee for Stake.com.

7k sats when it's in Bitcoin.

I have seen bad when doing transactions with ERC-20 at $5 but that is just the worst.
$19 is too much while the base is $1.78 at high priority 20 gwei per transaction in USDT transfer. Perhaps you could contact their support and see to it if they are making a mistake about that. Maybe they are and there could be ways to fix this mistake.

[johhnyUA]

But for other cryptocurrencies that you buy here on this platform such as dogecoin, the transaction fee is only 5 doge deducted, my question is, are most of the cryptocurrency gambling platforms when it comes to usdt withdrawal, are they this expensive is deducted from the transaction
as you can see in the picture?

I think this is because they 're using ERC-20 USDT standard. So they need to pay fees in ETH ecosystem, which is predictable high. if they would use TRC-20, there would not be such problem.

I have seen bad when doing transactions with ERC-20 at $5 but that is just the worst.
$19 is too much while the base is $1.78 at high priority 20 gwei per transaction in USDT transfer. Perhaps you could contact their support and see to it if they are making a mistake about that. Maybe they are and there could be ways to fix this mistake.

1.78 is practically 10 % of 19 $. So yeah, this is logical why they don't allowed everything less this amount. I would even tell that it would be more right to increase minimum amount in this case, up to 30-35 $

[dataispower]

Each gambling website have their charge when you want to withdraw in their platform and secondly. Some of cryptocurrencies charge don't use to be high when you are withdrawing with some of the coins. I could remember the time i play with betnomi and the fees was high if you are withdrawing with bitcoin or Ethereum, but that time people who withdraw with other coins their charge's are lesser than the charge of Bitcoin and ethereum, so if the charge is expensive for the particular coin you are withdrawing with, you can change a coin and with other coin option, you notice the difference

[Fatunad]

Its using up erc20 which it wouldnt be a surprising thing on why fee is really that high compared if it do use up Tron then it would really be just too cheap.
USDT could have these chains.
Ethereum
Tron
Algorand
Solana
Avalanche
Polygon
https://www.coindesk.com/learn/2022/06/01/what-is-tether-how-usdt-works-and-what-backs-its-value/

If there's some hover on what chain should be used then it would be always better on choosing the other option around.

[serjent05]

I'm just one of the crypto gamblers who often play and although I often always lose and have never experienced winning a large amount, my only question is that I have a gambling platform that I entered to play with predictions while having fun and just in case Good luck, I noticed that when it comes to the withdrawal transaction using USDT, the transaction is 19$ while the minimum withdrawal is 15$ The arrival seems silly, which in fact for an ordinary gambler is too high or too expensive for me. For example, if I want to withdraw the minimum amount of this gambling platform, it will appear that I have to add 4$ and it will also appear that I have not withdrawn anything.

But for other cryptocurrencies that you buy here on this platform such as dogecoin, the transaction fee is only 5 doge deducted, my question is, are most of the cryptocurrency gambling platforms when it comes to usdt withdrawal, are they this expensive is deducted from the transaction
as you can see in the picture?

Lol, you always have another chain as an alternative.  Everyone here knows that the price of ETH gas fee is very expensive, so if you happen to click the TRC 20 tab, you will see the difference in withdrawal fee charges.  Actually, you are a click away from discovering that a different network has a different fee.  Seriously, you should have known this fact since you have been in the industry for years now.

[Johnyz]

Well, transaction fee depends on the network website uses for processing withdrawal. Stake has added USDT recently and it was $5 fixed fee per withdrawal but after recent wallet upgrades, users can choose 3 networks for withdrawing USDT with $1 fixed fee. Casinos should stop expecting profit from transaction fees, they make enough with house edge, IMO

Casinos should really not make any commission from those fees, those are just small amount but for the gambler it’s already big. Looking at the example of OP, ERC20 is still an expensive network as of the moment and not a good choice especially if you have the alternative network to choose from. TRC20 network is the cheaper option for USDT, if you have that option in the site better to use this instead.

[AmoreJaz]

Well, transaction fee depends on the network website uses for processing withdrawal. Stake has added USDT recently and it was $5 fixed fee per withdrawal but after recent wallet upgrades, users can choose 3 networks for withdrawing USDT with $1 fixed fee. Casinos should stop expecting profit from transaction fees, they make enough with house edge, IMO

Casinos should really not make any commission from those fees, those are just small amount but for the gambler it’s already big. Looking at the example of OP, ERC20 is still an expensive network as of the moment and not a good choice especially if you have the alternative network to choose from. TRC20 network is the cheaper option for USDT, if you have that option in the site better to use this instead.

this is not true for all casinos, just like what the OP gave as an example, even if the USDT is under Tron network, the fee is still expensive. so it depends on the casino and how much they are charging for fees. lucky if they have internal exchange and you can convert first your money to other alts with cheaper fees like LTC or TRX. some big casinos are already charging small fees for withdrawal. so if you are a player who is very conscious about withdrawal fees, better check their fees before depositing your money.

[jossiel]

That's networked and protocol based since it's erc20.

That's really a network that's high in fees currently and that's why if there are other networks where you can choose if they're allowing it, choose the other network protocols for USDT like TRC20.

Since it's been known one of the cheapest.

[bittraffic]

If the casino has an internal exchange, you have the option to just trade it to a low transaction fee coin like TRX or XRP. It's why it's best to pick a casino with this feature before depositing.

Not every casino has it. But if you deposit that USDT(ERC) too, you should know as well that the network fee is high.  You pay high in depositing and high in withdrawing them.

[alegotardo]

I'm just one of the crypto gamblers who often play and although I often always lose and have never experienced winning a large amount, my only question is that I have a gambling platform that I entered to play with predictions while having fun and just in case Good luck, I noticed that when it comes to the withdrawal transaction using USDT, the transaction is 19$ while the minimum withdrawal is 15$ The arrival seems silly, which in fact for an ordinary gambler is too high or too expensive for me. For example, if I want to withdraw the minimum amount of this gambling platform, it will appear that I have to add 4$ and it will also appear that I have not withdrawn anything.

But for other cryptocurrencies that you buy here on this platform such as dogecoin, the transaction fee is only 5 doge deducted, my question is, are most of the cryptocurrency gambling platforms when it comes to usdt withdrawal, are they this expensive is deducted from the transaction
as you can see in the picture?

I believe the main culprit for this high tax is the mining rate of the Ethereum network.
As much as the site still consolidates multiple user withdrawals into a single transaction, the Ethereum network's fees are much higher than Dogecoin's.
For high amounts it can be advantageous to withdraw in USDT and save on exchange trading fees, but for low amounts it's better to withdraw to some low fee altcoin from your favorite exchange and then convert to Bitcoin.

[gunhell16]

I'm just one of the crypto gamblers who often play and although I often always lose and have never experienced winning a large amount, my only question is that I have a gambling platform that I entered to play with predictions while having fun and just in case Good luck, I noticed that when it comes to the withdrawal transaction using USDT, the transaction is 19$ while the minimum withdrawal is 15$ The arrival seems silly, which in fact for an ordinary gambler is too high or too expensive for me. For example, if I want to withdraw the minimum amount of this gambling platform, it will appear that I have to add 4$ and it will also appear that I have not withdrawn anything.

But for other cryptocurrencies that you buy here on this platform such as dogecoin, the transaction fee is only 5 doge deducted, my question is, are most of the cryptocurrency gambling platforms when it comes to usdt withdrawal, are they this expensive is deducted from the transaction
as you can see in the picture?

Lol, you always have another chain as an alternative.  Everyone here knows that the price of ETH gas fee is very expensive, so if you happen to click the TRC 20 tab, you will see the difference in withdrawal fee charges.  Actually, you are a click away from discovering that a different network has a different fee.  Seriously, you should have known this fact since you have been in the industry for years now.

I just didn't notice right away why the transaction fee is 19$, that's why when @coin-trader said that I must set it in TRC20, I just realized that it was set in ERC20, so its expensive because I'm thinking about hours I always only see the 19$ but I didn't immediately notice that the network is ERC20.

I admit my mistake, sir, maybe because I was thinking so much, I didn't really notice that I should have set it to TRC20 first so that the charge is cheap.

[jostorres]

are most of the cryptocurrency gambling platforms when it comes to usdt withdrawal, are they this expensive is deducted from the transaction
as you can see in the picture?

Yes, it is like that in all the crypto gambling sites that I have used before, it is because they are supporting USDT on ethereum blockchain, just like others have said.

But there are few gambling sites that you can withdraw USDT using cheap fee blockchain like Tron blockchain, USDT fee would be cheap if it is TRC20.

I like most gambling sites, they give varieties of option when it comes to withdrawal. I do use Litecoin, most if the gambling sites support Litecoin which I always prefer because of its low fee.

How many crypto casinos you have used in the past? Maybe that number is too low because on some casinos that I tried their fees are only cheap including in usdt withdrawals but of course, that must be in trc20 network and not in erc20 as we all know that eth have undergone in a fee issues lately.

In the OP's pic, the fees for trc20 usdt withdrawal is 19. I supposed that was in trx as well because it also says that the minimum withdraw is 15 usdt so if a player withdraws only a minimum amount which is 15 usdt and he will be charged by 19 usdt, then there will be nothing left for him but he still owes the casino of 4 usdt. 19 trx isn't that expensive but it's like 1 usd.

[Oshosondy]

How many crypto casinos you have used in the past? Maybe that number is too low because on some casinos that I tried their fees are only cheap including in usdt withdrawals but of course, that must be in trc20 network and not in erc20 as we all know that eth have undergone in a fee issues lately.

You have used a crypto casino that has low fee for USDT ERC20 is the question here? Try and check the OP very well and check the image very well too.

What people are concluding to is that using Tron network for the USDT withdrawal would be with cheap fee which is what is correct.

In the OP's pic, the fees for trc20 usdt withdrawal is 19. I supposed that was in trx as well because it also says that the minimum withdraw is 15 usdt so if a player withdraws only a minimum amount which is 15 usdt and he will be charged by 19 usdt, then there will be nothing left for him but he still owes the casino of 4 usdt. 19 trx isn't that expensive but it's like 1 usd.

No, do not get that wrong with the light yellow colour for TRC20 which look like the network selected, check the network written under, it is ERC20, which means the network selected is ERC20. Withdrawing USDT TRC20 would be of low fee.

[traderethereum]

I just didn't notice right away why the transaction fee is 19$, that's why when @coin-trader said that I must set it in TRC20, I just realized that it was set in ERC20, so its expensive because I'm thinking about hours I always only see the 19$ but I didn't immediately notice that the network is ERC20.

I admit my mistake, sir, maybe because I was thinking so much, I didn't really notice that I should have set it to TRC20 first so that the charge is cheap.

Next time, you better double-check before withdrawing your money and see how much the transaction fee will be.
Sometimes, we are in such a hurry that we don't double-check everything and just hit the withdrawal button, which costs us huge transaction fees.
Using the TRC20 network reduces transaction costs compared to using the ERC20 network, so it will save you in paying transaction fees.
This is also a useful lesson always to check before we press the withdrawal button and, most importantly, make sure our wallet address is correct.

[EarnOnVictor]

I'm just one of the crypto gamblers who often play and although I often always lose and have never experienced winning a large amount, my only question is that I have a gambling platform that I entered to play with predictions while having fun and just in case Good luck, I noticed that when it comes to the withdrawal transaction using USDT, the transaction is 19$ while the minimum withdrawal is 15$ The arrival seems silly, which in fact for an ordinary gambler is too high or too expensive for me. For example, if I want to withdraw the minimum amount of this gambling platform, it will appear that I have to add 4$ and it will also appear that I have not withdrawn anything.

But for other cryptocurrencies that you buy here on this platform such as dogecoin, the transaction fee is only 5 doge deducted, my question is, are most of the cryptocurrency gambling platforms when it comes to usdt withdrawal, are they this expensive is deducted from the transaction
as you can see in the picture?

They might not tell you, but there are policies of some companies to discourage a payment mode, which is what I can only infer from your explanation. They might include USDT in their adverts but in practice, they will make it unbearable/stringent to use on their platform. This is highly possible if the companies are covering for the transaction when you withdraw as part of the pecks to attract players.

Well, you are informed now, it's not wise to continue with USDT anymore when you have better options. You can always exchange back to USDT after the withdrawal if you so desire.