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

[Saisher]

Base on your screenshot, This is normal for ERC20 tokens since it has a huge transaction fee around 4-5$. It will be inefficient to allow withdrawal that almost 50% of the transaction amount will be the fee. Ethereum tokens has an insane transaction which is the reason why they set minimum withdrawal for that specific tokens.

Use TRC20 network instead if you want to save fee because all tokens that runs on Ethereum blockchain has that kind of huge fee. Does TRC20 USDT has same min withdrawal amount? Other Casino typically set 5$ min. withdrawal amount for TRC20 USDT.

Yes, I didn't notice that right away Sir, I should choose the TRC20 network because its transaction fee is only 11 TRX, it's only around 0.6$-0.7$.

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.

Anyway, thank you sir for saying that, I was just thinking about a lot of problems so maybe I didn't notice it right away. God bless you and have a nice day.

It's an honest mistake not really a mistake but confusion sometimes I also get confused using a stablecoin when you are used to using an ERC 20 chain on stablecoin you'll think that USDT is only on ERC20, but the scenario is different if they only have ERC20 you have no chance but to withdraw with a very high transaction fee, that is why you should not only aware of the rules of the casinos but also on what coins, tokens and available chains that they re offering for withdrawals.

[1715491811]

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[1715491811]

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[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.

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.

In USDT, there's the choice to make it cheaper in fees through trc20. Only if that casino where you're playing has that protocol and choice but if not, then just stick to LTC as it's underrated to have that cheap fee and speed.
And if you're on those casinos that don't support either, then you just have to stick with the reality and just withdraw looking at the fee accepting that you have no choice.

[Oneandpure]

Depending with transaction fees trough USDT maybe all gambling cryptocurrency support only using ethereum network, but nowadays Gas fees transaction have down and still adopt with bigger converted or fees by cryptocurrency gambling. Usually I use another coins for withdrawing like tron coin or TRX when active gambling on some gambling cryptocurrency without any fees yet. Some time when I withdraw on gambling cryptocurrency support by TIPS like Stake cryptocurrency gambling without have to pay fees, but lower values than exchange market because I sold to my friend become exchange for Stake cryptocurrency withdrawing.

If you want less fees transaction better use TRX, Doge coin or Litecoin then you can convert your fund in Binance exchange market to be USDT, looks effective and lower fees than you use directly USDT for withdrawing in your cryptocurrency gambling.

[abel1337]

Depending with transaction fees trough USDT maybe all gambling cryptocurrency support only using ethereum network, but nowadays Gas fees transaction have down and still adopt with bigger converted or fees by cryptocurrency gambling. Usually I use another coins for withdrawing like tron coin or TRX when active gambling on some gambling cryptocurrency without any fees yet. Some time when I withdraw on gambling cryptocurrency support by TIPS like Stake cryptocurrency gambling without have to pay fees, but lower values than exchange market because I sold to my friend become exchange for Stake cryptocurrency withdrawing.

If you want less fees transaction better use TRX, Doge coin or Litecoin then you can convert your fund in Binance exchange market to be USDT, looks effective and lower fees than you use directly USDT for withdrawing in your cryptocurrency gambling.

If you are a gambler like OP that is withdrawing his funds on the minimum withdrawal, Surely the fees he will be having is high if we consider the minimum withdrawal of the casino. Even if the withdrawal fee of ERC-20 tokens is pretty low nowadays, Still I think it's a small portion from the the total withdrawal. I also use low fee coins like TRX and DOGE on small time gambling sessions like when I am testing a new casino, We want to avoid or lessen the fees we are paying because the amount of value we are withdrawing is somewhat pretty low.

[gunhell16]

@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.

You are right there Sir, so I am happy and grateful to those who gave suggestions about the topic I made here, and in my opinion, it helped not only me but also other forum members here who do not yet know if they are more can save when it comes to the deposit or withdrawal transaction they want to do if they are also a gambler who wants to play crypto gambling.

This is also additional knowledge for me and an idea for others who want to further expand their idea about crypto gambling that will save the charge when entering funds into the gambling platform.

[entebah]

i think only Stake.com that have a very low withdrawal fee for USDT because they charge only 1 USDT/withdraw on ETH/BSC/Matic Network
while other casino have higher than that

[LUCKMCFLY]

Depending with transaction fees trough USDT maybe all gambling cryptocurrency support only using ethereum network, but nowadays Gas fees transaction have down and still adopt with bigger converted or fees by cryptocurrency gambling. Usually I use another coins for withdrawing like tron coin or TRX when active gambling on some gambling cryptocurrency without any fees yet. Some time when I withdraw on gambling cryptocurrency support by TIPS like Stake cryptocurrency gambling without have to pay fees, but lower values than exchange market because I sold to my friend become exchange for Stake cryptocurrency withdrawing.

If you want less fees transaction better use TRX, Doge coin or Litecoin then you can convert your fund in Binance exchange market to be USDT, looks effective and lower fees than you use directly USDT for withdrawing in your cryptocurrency gambling.

Yes me too, I only use TRX or tron in withdrawing my funds, it is quite better than usdt. Every singe cents I am winning in gambling is very much important to me, I already tried to withdraw using usdt but the fee is expensive, that's why either TRX or XRP is what I am using to exchange it in cex. I think I also try ada once I forgot the other coin I am using and then I am sending it to binance.

Well it's all about looking for the best economy, whenever we play in a casino we look for ways to lower withdrawal costs, and it's not only something that one looks for, most people look for this without hesitation, of course now almost no There is a lot of talk because everyone is pending KYC, and the fees do not matter much, when it is USDT they are not that expensive, at least in Binance they only cost 1 usdt per transaction, but when it comes to casinos it depends, some casinos like bitcasino.io withdrawals are assumed by the same platform, when we go to withdraw at stake.com it is very little around 7 thousand sats.