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

[swogerino]

For me the easiest way to play in crypto gambling is with Litecoin,the fees of this coin are extremely cheap considered to many other alternatives and this is a coin which is widely accepted in most reputable casinos,as there is also ETC for super cheap fees but is not yet that popular in different reputable casinos.This of course will change extremely soon as now that just a few days remains before Eth price goes dramatically down after the mining ends,many will switch to ETC so the smart casinos will promptly implement it.

As for Erc-20 tokens fees,those have been huge since early 2021 if I remember correctly.

[maydna]

For me the easiest way to play in crypto gambling is with Litecoin,the fees of this coin are extremely cheap considered to many other alternatives and this is a coin which is widely accepted in most reputable casinos,as there is also ETC for super cheap fees but is not yet that popular in different reputable casinos.This of course will change extremely soon as now that just a few days remains before Eth price goes dramatically down after the mining ends,many will switch to ETC so the smart casinos will promptly implement it.

As for Erc-20 tokens fees,those have been huge since early 2021 if I remember correctly.

Litecoin has been my alternative for a long time besides dogecoin for depositing and withdrawing my money. With lower transaction fees than other coins like ethereum or even bitcoin, it can make Litecoin one of the favorite coins of many gamblers.

There may be an opportunity for ETC to be used as one of the coins to gamble on, and if this is implemented, it may be one of the triggers for the coin ETC to increase. We gamblers look for the coins we want and often differ from what others use.

[madnessteat]

For me the easiest way to play in crypto gambling is with Litecoin,the fees of this coin are extremely cheap considered to many other alternatives and this is a coin which is widely accepted in most reputable casinos,as there is also ETC for super cheap fees but is not yet that popular in different reputable casinos.This of course will change extremely soon as now that just a few days remains before Eth price goes dramatically down after the mining ends,many will switch to ETC so the smart casinos will promptly implement it.

As for Erc-20 tokens fees,those have been huge since early 2021 if I remember correctly.

Many fairly well-known crypto-enthusiasts believe that ETH after Merge will only rise in value because ETH will become more deflationary. Therefore, your statement is debatable. Miners will switch to algorithms that will bring more profit, and ETC is currently in 10th place in terms of profitability - https://whattomine.com.

Also, casinos are more likely to support ETH POS than ETC.

[Sanitough]

If that's TRC20 USDT, you don't have to pay a high fee. I'm more comfortable on using xrp as the transaction fee is cheap and based on my experience it's the fastest. Crypto gambling si really expensive if you keep withdrawing and your gambling with a small amount of money only, it gives comfort to those who gamble a decent amount as transaction fees are just nothing for them.

[Saint-loup]

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

Yes I agree with you but I don't think they've lowered the fees by themselves. Because after adding the alternative networks, fees for withdrawing USDT were still at 5$ for any network. It's only after few people and me have talked about these shocking fees on their thread, they've lowered them to 1$. Many casinos don't take any fees for withdrawals, I think it should be a standard in the industry.

[dothebeats]

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

Yes I agree with you but I don't think they've lowered the fees by themselves. Because after adding the alternative networks, fees for withdrawing USDT were still at 5$ for any network. It's only after few people and me have talked about these shocking fees on their thread, they've lowered them to 1$. Many casinos don't take any fees for withdrawals, I think it should be a standard in the industry.

Casinos usually just use the amount recommended by some block explorers that will almost always confirm the transaction in the next block, hence why a lot of them are asking for those insane amount of fees. I'd go even farther and say that once they have coded that fee amount on their withdrawal page, they'd certainly never change it, unless the fee becomes too low for transactions to confirm immediately. It would be best if withdrawal fees on casinos are not fixed amounts but rather dynamic too and is done through APIs or whatever tech they can use, but I guess it's too much work and maintenance for them.

[Doell]

On the first page OP case was resolved very quickly, this community is a great. I personally don't use usdt to gambling, besides the high of fees on the erc20 network, aslo usdt is not profitable for me to keep in my wallet for a long time. I am also as surprised as you, last year when I use ethereum to gambling because it is on the same ship erc20, of course usdt is also same expensive about withdraw fees. It's better for me to use ltc or dash, rather than usdt token.

[fullhdpixel]

Litecoin has been my alternative for a long time besides dogecoin for depositing and withdrawing my money. With lower transaction fees than other coins like ethereum or even bitcoin, it can make Litecoin one of the favorite coins of many gamblers.

There may be an opportunity for ETC to be used as one of the coins to gamble on, and if this is implemented, it may be one of the triggers for the coin ETC to increase. We gamblers look for the coins we want and often differ from what others use.

Litecoin is like the silver version of bitcoin, no wonder why it's the popular choice next to bitcoin. Don't forget guys that aside from the cheap fees, litecoin is also a fast moving coin. No more boring times waiting for deposits to arrive before you play in a casino. I don't know what is that etc you guys are talking about but let me take a guess, was it ethereum classic?

Judging by its name, this coin might be a fork of the original ethereum just like bch which also a fork of bitcoin though I rarely saw this coin on most gambling sites but I think b.c game have this since b.c game do also list weird coins which are not really that popular.

[Johnyz]

On the first page OP case was resolved very quickly, this community is a great. I personally don't use usdt to gambling, besides the high of fees on the erc20 network, aslo usdt is not profitable for me to keep in my wallet for a long time. I am also as surprised as you, last year when I use ethereum to gambling because it is on the same ship erc20, of course usdt is also same expensive about withdraw fees. It's better for me to use ltc or dash, rather than usdt token.

Many prefer to gamble with LTC as well because it is still cheap and it’s network is good as well. You can aslo add to the list doge especially on a site where it’s accepted. Many site offers a lot of crypto to be used on their platform, better to known it first and choose what’s the cheapest network to deal with, Erc20 for gambling is not good at all because of the expensive fees. Choose what is more convenient for you that can work for you.

[lalabotax]

-snip- 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.

Just change the network to TRC-20, the transfer fee should be $1. If you withdraw 15$, you can get 14$ to the destination wallet.
Is it your first time withdrawing USDT from a gambling site? If you are already quite familiar with withdrawal on gambling sites, you should understand that there is a way to change the transfer fees. And the cheapest network to transfer USDT is TRC-20. Every gambler must know it.

[coin-investor]

Because I play on this gambling platform most of the time, I can't gamble here using usdt because all I saw was 19$ but I didn't notice that it was ERC20 that's why it's expensive.

Until they resolve the very high transaction fee I shifted to TRC20 and Binance chain and I never play on casinos that only have the ERC20 chain, never imagine that time will come when ERC20 will incur very high fees to all of its users only whale will use that option when I first play on casinos USDT fees only incur a few cents in ERC20, but I'm hoping that in the future the fees will go back to when it was before, so we'll have the option to withdraw ERC20 based token

[passwordnow]

Many prefer to gamble with LTC as well because it is still cheap and it’s network is good as well. You can aslo add to the list doge especially on a site where it’s accepted. Many site offers a lot of crypto to be used on their platform, better to known it first and choose what’s the cheapest network to deal with, Erc20 for gambling is not good at all because of the expensive fees. Choose what is more convenient for you that can work for you.

It's cheap and fast, it's like a lowkey in terms of speed and fee and that's why I still use it for some transfers that I do, whether it'll be from exchanges or a casino or just simple transfers. That's the purpose of these casinos for having various support for different cryptocurrencies, so that their customers will have that confidence wherever they want to gamble, deposit, and withdraw for our own's sake of having that low fee per deposit and withdrawal we do.

[serjent05]

..snipped

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.

There may be advice of "think before you click," but there are some instances that you need to click before you think  .  Just like in your case.  If you happen to click the TRC20 tab, then you could have saved yourself from thinking too much about how high the fee is on that casino.  In fairness with the casino, they have several options to withdraw your fund, even they have an internal exchange where you can exchange your cryptocurrency to another kind of cryptocurrency with a commission rate of 4.9% a 0.1% lower than some of the Casino that offers internal exchanges.

[goaldigger]

Many prefer to gamble with LTC as well because it is still cheap and it’s network is good as well. You can aslo add to the list doge especially on a site where it’s accepted. Many site offers a lot of crypto to be used on their platform, better to known it first and choose what’s the cheapest network to deal with, Erc20 for gambling is not good at all because of the expensive fees. Choose what is more convenient for you that can work for you.

It's cheap and fast, it's like a lowkey in terms of speed and fee and that's why I still use it for some transfers that I do, whether it'll be from exchanges or a casino or just simple transfers. That's the purpose of these casinos for having various support for different cryptocurrencies, so that their customers will have that confidence wherever they want to gamble, deposit, and withdraw for our own's sake of having that low fee per deposit and withdrawal we do.

It’s always good to have alternatives, I don’t use BTC and USDT for my gambling activities, I still find them expensive as well and most of the time LTC is my choice for a cheaper fees. If you are playing on a site that offers a limited accepted crypto, I guess it will be hard for you to deal with those fees but if it’s ok for you, then it’s your choice after all. Erc20 is still expensive to transact, this has been the problem for that network that ETH can’t still make any solution on that.

[robelneo]

It’s always good to have alternatives, I don’t use BTC and USDT for my gambling activities, I still find them expensive as well and most of the time LTC is my choice for a cheaper fees. If you are playing on a site that offers a limited accepted crypto, I guess it will be hard for you to deal with those fees but if it’s ok for you, then it’s your choice after all. Erc20 is still expensive to transact, this has been the problem for that network that ETH can’t still make any solution on that.

Alternatives are very important you would not want to withdraw where the only option is an ERC20 coin, you'll basically give miners a huge part of your earnings, if its only small earnings like what OP mentioned, so far all the casinos I'm playing deposits and withdrawals are all on Binance, TRC and sometimes Doge, if you're a whale then you don't mind withdrawing with ERC20 with very high fees, but we are only small players so options and alternatives are important.

[PX-Z]

This is about the required network fees not the platform but they can just always add some ^{(if fees are fixed in usd rate)}.
Also, in any platform that requires to send erc20 tokens fees are really high, it's considered as a feature not a problem anymore for erc20 tokens /s.

By the look of it, you can change to trc20 token to save fees, or other alternatives should be checked before proceeding.
Though you are in a gambling platform but why you need to withdraw the minimum? Bet it til you win big enough to not worry about the withdrawal fees

[darkangel11]

I avoid usdt because I don't trust it and when it comes to gambling sites I use onl those that charge me normal fees based on sites like bitcoinfees.earn.com. When I see the site tries to cheat by putting additional fees on top of network fees I don't use them. It's really simple the same way you don;'t go to expensive stores when you can buy the same things online.

Some site will try to cheat you, it's to be expected.

[serjent05]

Many prefer to gamble with LTC as well because it is still cheap and it’s network is good as well. You can aslo add to the list doge especially on a site where it’s accepted. Many site offers a lot of crypto to be used on their platform, better to known it first and choose what’s the cheapest network to deal with, Erc20 for gambling is not good at all because of the expensive fees. Choose what is more convenient for you that can work for you.

It's cheap and fast, it's like a lowkey in terms of speed and fee and that's why I still use it for some transfers that I do, whether it'll be from exchanges or a casino or just simple transfers. That's the purpose of these casinos for having various support for different cryptocurrencies, so that their customers will have that confidence wherever they want to gamble, deposit, and withdraw for our own's sake of having that low fee per deposit and withdrawal we do.

It’s always good to have alternatives, I don’t use BTC and USDT for my gambling activities, I still find them expensive as well and most of the time LTC is my choice for a cheaper fees. If you are playing on a site that offers a limited accepted crypto, I guess it will be hard for you to deal with those fees but if it’s ok for you, then it’s your choice after all. Erc20 is still expensive to transact, this has been the problem for that network that ETH can’t still make any solution on that.

Yeah, it's been ages since I start avoiding transactions in ETH. I other cryptocurrency as long as it is not an ERC20. Actually, I have lots of ERC20 tokens that is unmoved because of high gas fee.  So I still wonder why ETH is still in demand when there are lots of alternative cryptocurrencies out there that can offer cheaper transaction fees with more advanced technology.  The heck, even Bitcoin transaction fees is way cheaper than ETH.

XRP, Matic also offers cheap gas/transaction fee and have fast confirmation, BNB too, and any other token that uses TRC20, and BSC20 chains offer a very cheap gas fee.

[livingfree]

@OP

I guess you have already that much suggestion from everyone and there has been solution has been said on how you'll save fees from withdrawing your funds there.

And the purpose of the thread prolly has served it. As you have noticed that trc20 is way cheaper than erc20 and that could be already enough to start locking the thread.

[TopT3ns]

-snip

Transactions that is performed in the ethereum network or erc-20 always charge atleast 5$ fee or even more depending on the traffic at that time. Based on the image, the USDT on that platforms also support tron network which uses low fee. There are other alternatives too that runs on a network that have lesser fees like DOGE, MATIC ,and SOL so those are good option too if a gambling platform allows that cryptocurrency.

If you don't want to use high transfer fees, you have to use altcoins, one of which is TRX, EOS and XLM, but it all depends on the gambling place you use, because not all gambling places have the option of making transactions using altcoins, but currently the gas fee for ethereum is very low so the transaction fee using erc-20 should be less than $5.