Avoiding exchange flat rate withdrawal fee on Bitcoin when sending in Casino

[aioc]

I’m currently using Duelbits to make this happened in case I want to play in the casino using Bitcoin. I always deposit Doge or XRP to Duelbits from exchange for lesser then do a couple of safe bets just to satisfy the wagering requirements so that I can withdraw in Bitcoin and send to my casino. I’m doing this so that I can still play while holding Bitcoin when I feel bullrun is coming but sometimes wagering on Duelbits makes me lose everything before I can transfer my funds to my other casino account that I use to hold and wager at the same time.

Do you have any alternative safer way than this? I usually purchase crypto using fiat on exchange.

All you are doing are bad ideas, why are you expecting profit, you're playing in a casino, and expecting to win is not what will happen if you want to Hold Bitcoin don't use the casino to increase your Bitcoin, don't use the casino to Hold your Bitcoin, and always remember not your keys, not your coins, the last thing you will do is to store your wallet in a custodial wallet like casino

Holding Bitcoin and playing in a casino with money that you can afford to lose are two different things, you cannot connect Holding Bitcoin and playing in casinos.

[1714933610]

1714933610

[Slow death]

I’m currently using Duelbits to make this happened in case I want to play in the casino using Bitcoin. I always deposit Doge or XRP to Duelbits from exchange for lesser then do a couple of safe bets just to satisfy the wagering requirements so that I can withdraw in Bitcoin and send to my casino.

your story is very difficult to understand, you say you always make deposits in dogecoin and XRP at the casino, how can you make a deposit in dogecoin and XRP and then withdraw in bitcoin? are you using the casino to exchange doge and XRP for bitcoin? and you say that you only play to be able to comply with withdrawal requirements, the casino can accuse you of money laundering and they will ban your account, because your conduct is not good, you must use exchange to exchange Doge and XRP for BTC and then you say do you exchange BTC at the casino and withdraw to another casino? I confess that I don't understand anything

I’m doing this so that I can still play while holding Bitcoin when I feel bullrun is coming but sometimes wagering on Duelbits makes me lose everything before I can transfer my funds to my other casino account that I use to hold and wager at the same time.

you really want to lose everything, right? what you are doing with casinos can only make casinos think you are laundering money, what the hell are you doing? there are exchanges that are used to exchange coins and there are wallets that are used to store coins, the casinos are for playing, it is not a thing to store coins and do hodl, I hope you change and only use the casinos to play or you will lose everything when the casinos block your account because of what you are doing

Do you have any alternative safer way than this? I usually purchase crypto using fiat on exchange.

just buy bitcoin on the exchange, scratch a good wallet or buy hardware wallet and then keep your bitcoins well and do hodl, separate money for games, because everything that goes to the casino should be considered as lost money. that's all you need to do. and of course do not forget to follow the security procedures for your bitcoins to be safe

[famososMuertos]

I’m currently using Duelbits to make this happened in case I want to play in the casino using Bitcoin. I always deposit Doge or XRP to Duelbits from exchange for lesser then do a couple of safe bets just to satisfy the wagering requirements so that I can withdraw in Bitcoin and send to my casino. I’m doing this so that I can still play while holding Bitcoin when I feel bullrun is coming but sometimes wagering on Duelbits makes me lose everything before I can transfer my funds to my other casino account that I use to hold and wager at the same time.

Do you have any alternative safer way than this? I usually purchase crypto using fiat on exchange.

There are...several threads out there where your "weird" question fits well.

Please!, you don't express yourself well, but from what I understand:
-Deposit Alts
-Swap-Bitcoin
-You withdraw to another casino.

Considerations you should have:
1.-TOC (Casino that you call Hodl)

• Casino withdrawal fee.
• Minimum withdrawal.
• % you pay to the exchange.

2.- TOC (Destination Casino)

• Minimum deposit where the money goes.
• Casino withdrawal fee.
• Minimum withdrawal.
• % you pay to the exchange.

And your idea is repeated, what is the problem with the process, I don't know, it's not complicated.

Now the results of doing that from a profit standpoint, there are so many variables involved that it takes your question off the Gambling board for example. If we remove the idea of the bets, because the fact that you name a casino and say that you made a deposit does not imply that it has to be a topic on this board, it is what I think.

[robelneo]

I’m currently using Duelbits to make this happened in case I want to play in the casino using Bitcoin. I always deposit Doge or XRP to Duelbits from exchange for lesser then do a couple of safe bets just to satisfy the wagering requirements so that I can withdraw in Bitcoin and send to my casino. I’m doing this so that I can still play while holding Bitcoin when I feel bullrun is coming but sometimes wagering on Duelbits makes me lose everything before I can transfer my funds to my other casino account that I use to hold and wager at the same time.

Do you have any alternative safer way than this? I usually purchase crypto using fiat on exchange.

I have to read your post several times to fully understand what you mean, but it is based on playing while holding Bitcoin, which to me is not applicable, you cannot play and expect to hold your winning in time for a bull run, it's not possible and cannotbe possible.

You're not playing to make money in the casino, when you play expect the possibility that you're money will be gone, that is why enjoyment is your priority over winning if you really want to Hold Bitcoin use the buy, hold and forget method, never entertain the idea of playing in the casino and try to win so you can hold.

[uneng]

I’m currently using Duelbits to make this happened in case I want to play in the casino using Bitcoin. I always deposit Doge or XRP to Duelbits from exchange for lesser then do a couple of safe bets just to satisfy the wagering requirements so that I can withdraw in Bitcoin and send to my casino. I’m doing this so that I can still play while holding Bitcoin when I feel bullrun is coming but sometimes wagering on Duelbits makes me lose everything before I can transfer my funds to my other casino account that I use to hold and wager at the same time.

Do you have any alternative safer way than this? I usually purchase crypto using fiat on exchange.

This is a risky method, because you are always under risk of losing your entire balance before reaching the requirements demanded by the house in order to make a bitcoin withdrawal. After all and after doing this for a while, you will have spent much more money than if you had simply paid the exchanges' fees you are trying to avoid.

I think you could try looking for exchanges alternatives that don't charge too much fees. Usually smaller exchanges charge absurd fees on transactions, therefore they aren't recommended. Moreover, you could try transacting your bitcoins with less frequency, so you save on fees. Let's say if you reduce your transactions by the half (moving larger chunks of btc at once), you are going to pay 50% less fees.

[ralle14]

Do you have any alternative safer way than this? I usually purchase crypto using fiat on exchange.

I used to do the same thing back then and look for the altcoins that have the lowest withdrawal fee then convert it later on after I'm done playing. If I'm planning to avoid fees that sometimes go for $10-$20 what I alternatively do is use an instant exchange where I only need to send the coins to their address and they'll send the coins that I prefer to my address. Can you give an example or an average of how much you lose from this process? because tbh it still seems more efficient than using a casino's internal exchange knowing Duelbits have a low withdrawal fee than other casinos.

[harizen]

I’m currently using Duelbits to make this happened in case I want to play in the casino using Bitcoin. I always deposit Doge or XRP to Duelbits from exchange for lesser then do a couple of safe bets just to satisfy the wagering requirements so that I can withdraw in Bitcoin and send to my casino. I’m doing this so that I can still play while holding Bitcoin when I feel bullrun is coming but sometimes wagering on Duelbits makes me lose everything before I can transfer my funds to my other casino account that I use to hold and wager at the same time.

Do you have any alternative safer way than this? I usually purchase crypto using fiat on exchange.

You can't avoid exchange withdrawal fees and you really need to comply with it. I think the best way is after you buy bitcoin on an exchange, transfer it to a non-custodial wallet so the next time you want to do gambling, you will only pay the network standard fees and it's cheaper.

How often do you gamble? If regularly, then try to make it to the point that you won't deposits by fraction to somehow save fees.

More importantly, if your goal is to really hold, it's risky if you will do it on a third-party platform regardless of how reputable it is.

[roslinpl]

Mostly people use to play casino using the usdt, only few like to do the casino using the bitcoin. Because by holding the bitcoin, they can earn huge from it. Deposit of reputed currency is easier one. If the casino accept the reputed currency, it also allow you to withdraw some reputed coin also. You have to check the website allow the withdraw of funds by admit of kyc or without submitting of kyc. It’s different from different website, some will allow us to withdraw without kyc.Most of the scam casino also had kyc free website, but you should find the real and scam one. It’s essential to do all the checks and balances before the involvement.

[alegotardo]

I’m currently using Duelbits to make this happened in case I want to play in the casino using Bitcoin. I always deposit Doge or XRP to Duelbits from exchange for lesser then do a couple of safe bets just to satisfy the wagering requirements so that I can withdraw in Bitcoin and send to my casino. I’m doing this so that I can still play while holding Bitcoin when I feel bullrun is coming but sometimes wagering on Duelbits makes me lose everything before I can transfer my funds to my other casino account that I use to hold and wager at the same time.

Do you have any alternative safer way than this? I usually purchase crypto using fiat on exchange.

What you're doing is really insane...
Firstly, you shouldn't be keeping Bitcoin in casinos, only put money in casinos that you are going to use to gamble.
Second, use a self-custodial wallet to store bitcoins, as no one can lock them if only you have the secret wallet key.
Third, you're trying to avoid the fees, but you're probably spending a lot more on the losses you're having when trying to satisfy the Duelbits requirements to cash out, so... review the first two items and do the right things.

PS: Keep using Duelbits for your bets, even before I joined their subscription campaign I was already playing there, it's a very good casino and well recommended by many players.

[QueenVera]

Duelbit is a reputable firm and stuffing through their site, there was a buy crypto option on the page Andi had to take my time to go check this feature because I wanted to ask if there was no option of buying Bitcoin directly on the site.
If you want to hold Bitcoin fir the future, then you do so on a non-custodial wallet just as every other person might have stated this for you earlier and you shouldn't out your Bitcoin savings in a gambling site because no safety is guaranteed and there are high chances of you staking in the coins in a game and losing all your saves and that is why even most casino states it very clear that only money met gambling should be deposited in their wallet.

[coolcoinz]

To me you're trying to have your cake and eat it, OP.

You want to hold bitcoin so that you still have it ready when the bull run comes, but you also want to spend bitcoin in a casino, so you convert into other coins and spend these coins thinking that losing an altcoin is better than losing btc? If you're not a holder and the entry point is you spending fiat to buy a coin, you're going to be in the same situation regardless what coin you use and play with. You're confusing yourself by switching between these coins, thinking that you're losing less this way or what?

If you have very limited funds that don't allow you to save up, invest and gamble at the same time just don't gamble, or gamble with very little money. Investing should always come before gambling.

[panganib999]

I'm not sure why you'd want to do this to avoid fees really when there are wallets available out there that could do the trick for you. There's a saying here that goes: "not your keys, not your crypto" and this goes even for cryptocurrencies that are stored on sites and exchanges that harbor cryptocurrencies from their users for safekeeping. Ultimately, I would highly suggest using a physical wallet if you're too afraid of using soft wallets like MetaMask or the likes in fear of hack attacks. Duelbits is a reputable gambling site but they have all the capabilities to lock you out of your account and your money if they do so please, so take the advice that all of us are giving you and keep it in a safer place.

[Fundamentals Of]

I didn't get the purpose of this. If you want to keep Bitcoin for the bull run, why do you have to move your coins a number of times? Or why do you even keep them in a casino wallet? I understand if you use Doge or XRP in depositing coins from an exchange to your casino. That's the cheaper choice. I am also doing that. But I don't know why you have to move them to another Casino just to switch to Bitcoin. If the purpose is to switch to Bitcoin, then you should have used the exchange itself where the coins are originally coming from.

[traderethereum]

I didn't get the purpose of this. If you want to keep Bitcoin for the bull run, why do you have to move your coins a number of times? Or why do you even keep them in a casino wallet? I understand if you use Doge or XRP in depositing coins from an exchange to your casino. That's the cheaper choice. I am also doing that. But I don't know why you have to move them to another Casino just to switch to Bitcoin. If the purpose is to switch to Bitcoin, then you should have used the exchange itself where the coins are originally coming from.

By having some bitcoins in the casino, he can gamble using bitcoins instead of Dogecoins or XRP so he can have a chance to win some bitcoins.
But indeed, if he wants to keep bitcoins, he better keep them in another wallet and never leaves bitcoins in a gambling or exchange account because we cannot control our bitcoins completely.
Also, if he wants to save on transaction fees, he's done best by using Dogecoin or XRP so he won't incur more fees.
But maybe he had his own goals in doing so.

[coin-investor]

I’m currently using Duelbits to make this happened in case I want to play in the casino using Bitcoin. I always deposit Doge or XRP to Duelbits from exchange for lesser then do a couple of safe bets just to satisfy the wagering requirements so that I can withdraw in Bitcoin and send to my casino. I’m doing this so that I can still play while holding Bitcoin when I feel bullrun is coming but sometimes wagering on Duelbits makes me lose everything before I can transfer my funds to my other casino account that I use to hold and wager at the same time.

Do you have any alternative safer way than this? I usually purchase crypto using fiat on exchange.

So the essence of your post is you are using altcoins to play on Duelbits so you can withdraw it on Bitcoin and send it to another casino, this is useless things will not go on your way when you are playing in casinos, yes it's good that you are playing in a good casino but never expect to win so you can sustain your plan, this is a casino, no guarantee of winning, if you're playing so you can win so you can trade it to Bitcoin for the coming bull run, then buy Bitcoin on exchange and store it in your wallet.

It's impossible to connect playing in a casino and accumulating Bitcoin when you won, you cannot accumulate Bitcoin through gambling, it's wishful thinking.

[Poker Player]

Seeing the success the OP has had commenting on his "system", I think he better lock the thread, otherwise he's going to get a million more comments telling him that what he's doing is not a good idea.Especially after the recent events that have even led us to have a visible message at the top of the forum about not leaving our money in online accounts, as piebeyb comments.

I didn't get the purpose of this. If you want to keep Bitcoin for the bull run, why do you have to move your coins a number of times?

I believe it is simply an after-the-fact rationalization to justify his gambling habit.

[coinerer]

This is your stupidity.  Why would you hold your bitcoins on a gambling site?  Always keep Bitcoin or other crypto in a hardware or non-custodial wallet, which will keep your crypto secure. But you can't keep bitcoins securely on gambling sites.  Because firstly it will encourage you to gamble and secondly when you deposit your bitcoins in a gambling site the complete control of it goes to them and you have no control over it.  So you have to remember that not your key not your bitcoin

[o48o]

-cut-
I want to play in the casino using Bitcoin. I always deposit Doge or XRP to Duelbits from exchange for lesser then do a couple of safe bets just to satisfy the wagering requirements so that I can withdraw in Bitcoin and send to my casino.
I’m doing this so that I can still play while holding Bitcoin when I feel bullrun is coming but sometimes wagering on Duelbits makes me lose everything before I can transfer my funds to my other casino account that I use to hold and wager at the same time.
Do you have any alternative safer way than this? I usually purchase crypto using fiat on exchange.

I think many got confused on my intention of this post but to clarify things here.
-cut-

That latter clarification part didn't really explain what you want, in fact it just made it way more confusing.
Because i still don't have a clue what part of any of this you need to be safer. And i see many confusing issues in the first post.
So let me start to take it a part one by one.

First of all, you are depositing altcoins that you bought from exchange, which i assume that's because of cheaper transaction fees. Correct?
If this is the part you want to make safer or simpler, you could buy your cryptos directly from the casino via visa/mastercard.

Yet you are playing with bitcoin? I am uncertain where did this bitcoin come from as exchanging from those altcoins to bitcoin does require other kind of licence then just gambling license.
I don't know any casino that's also an exchange, Therefore you can't exchange to bitcoin in casino.

But as you said something about losing money by "filling wagering requirements" that made me think that you could be talking about bitcoins that you get as a first deposit bonus or something?
Losing your funds in casino when playing wagering requirements isn't something you can control either. It's just issue of luck.

Then you sound like you understand what self custodial wallet is and you have one, but you choose to keep your money in casinos.
So which part you need to be safer here and from what?

[Saisher]

I think many got confused on my intention of this post but to clarify things here, My main goal on doing such complicated thing is not for holding purposes only but to play gambling at the same time that’s why I’m storing my money on casino instead of withdrawing my money directly on non custodial wallet. I do regular bet on casino whenever I like to kill time and at the same time hold Bitcoin. I only hold what I can afford to lose and I’m not an addicted gambler that’s why I can control all my bet in the casino.

I have separated wallet for my holdings. And I created this discussion on gambling board for the sole purpose of holding my money on casino for my holding + gambling activity.

You did not clarify that you are not a compulsive gambler and you are not accumulating to hold Bitcoin for the coming bull run, this thing is something new to me, I never store my coins in any casino when I deposit I play all of it and if there are excess on my balance I play the next day and eventually lose it if I won I also never store it for the purposes of using it to play, its always first in first out.
But you did mention that 

but sometimes wagering on Duelbits makes me lose everything before I can transfer my funds to my other casino account that I use to hold and wager at the same time.

Better abandon this idea, it won't work because you have no control on the outcome of your betting.

[swogerino]

Compulsive gambler or not it is never a wise idea to keep your funds to a gambling wallet,I also don't understand saving fees because with a bc1 wallet you can pay really low amounts as fees which I don't consider them at all relevant.
If you keep your funds in a gambling platform than sooner or later you will start playing and the risk of losing them all will be paramount until you lose them all because you will open to check that platform daily,I know this from my personal habit so the best is to keep your funds in a wallet that you are in full control and better keep it in a PC or mobile that you use occasionally so it is more difficult for you to access those funds and send to the casino wallet.