Things that still make feel awkward with some online casinos

[Agbe]

Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

If casinos are charging high fee for transaction then it is wrong. If any other platforms are doing that, Casinos should not do that because visiting is high and also they have different ways of making money from customers so they should charge less in transaction fees. Though Bitcoin fee transaction is still high as well but to some extent it has come down a little bit so they the casinos should also consider that with their customers. If a casino is charging high, indirectly they are pursuing their customers away from gambling.

[Findingnemo]

Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

From user POV its a robbery but from the business POV its their source of revenue generation, its same on the cryptocurrency exchanges too normally they seek about $25 dollar worth of Bitcoin as withdrawal fee not as transaction fee so they can make money in this way too and it's justifiable too because of the service they are providing and nature of cryptocurrency value.

It's actually more than earning revenue if they are charging insanely high fees even when the actual transaction fees have become normal and transaction fees were high only for the Bitcoin network and not for every other blockchain and if they are charging high fees for tokens that have very low transaction fees then they are obviously robbing their gamblers.

There are many more platforms as well that are providing the same services and they are charging relatively low transaction fees so we can't really say that it is justifiable if they are charging this much. We should either abandon such platforms or they should reduce the fees.

AFAIK, more or less the withdrawal fees are similar on the reputed casinos and if someone is using a casino is charging high withdrawal fee and found an alternative which offers the same service with low fee then just move to it. I know some reputed exchange 5x times of actual transaction fee for the transaction to proceed but still they are considered as the reputed trading platform so we can call them as robbers and abandon their services?

[Wapfika]

AFAIK, more or less the withdrawal fees are similar on the reputed casinos and if someone is using a casino is charging high withdrawal fee and found an alternative which offers the same service with low fee then just move to it. I know some reputed exchange 5x times of actual transaction fee for the transaction to proceed but still they are considered as the reputed trading platform so we can call them as robbers and abandon their services?

I think loyalty status is the only thing that makes user stick to the same casino regardless of the fees. Some casino offers much better bonus and benefits for VIP which players is benefiting with. It’s very hard to change a casino just because the fee increases while you have a high VIP level on a casino that gives you a good benefits. This is the reason why the user stay since withdrawal is not too frequent to be pay because we are only depositing minimal times.

Same as exchange, Some exchange sometimes offer a much better rate and giveaways that makes trader stick on it despite of high fee since they can get more rewards on it compared to the fee expenses.

[Finestream]

I honestly observe this with many different crypto websites not even casinos. Some companies try to gain extra money through transactions. I also think its very close to robbery. Online casinos can generate huge amount of money through players/gamblers anyways. I think low fees promote usage anyways. I find it very awkward and disruptive. I think casinos should not treat their customers as cows that they will milk money away.

Only casinos with bad management and practice will do this. Casino's with good management and practice will always want to make sure that they keep things normal for their customers and not extort them with any opportunity they have. Any casino that is identified as doing this cannot be trusted and I will advice anybody gambling on these casinos should immediately withdraw and seek a better and more customer considering casino.

Yes, those casinos are clearly taking advantage of us as much as they can. It only proves that they are not worth to play and cannot be trusted. That’s the reason why we need to be careful in choosing for an online casino, the one that is more secured and is proven to give customer support rather than luring its customers with high gas fees. Robbery is always bad, so we should learn to avoid online casinos that is clearly practicing this negative treatment towards its players or users.

[o48o]

Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

In short, they are charging you more because you are using them. But when mempool is full, it's just practical to put more money for fees so you'll get them faster. This used to be a problem mainly with exchange withdraw fees. And still is going to be depending on the mempool.

But there are casinos that charge basically nothing compared to your experience so feel free to shop around. Stake gets my vote with 7k sats btc fee.

[Lanatsa]

Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

From user POV its a robbery but from the business POV its their source of revenue generation, its same on the cryptocurrency exchanges too normally they seek about $25 dollar worth of Bitcoin as withdrawal fee not as transaction fee so they can make money in this way too and it's justifiable too because of the service they are providing and nature of cryptocurrency value.

It's actually more than earning revenue if they are charging insanely high fees even when the actual transaction fees have become normal and transaction fees were high only for the Bitcoin network and not for every other blockchain and if they are charging high fees for tokens that have very low transaction fees then they are obviously robbing their gamblers.

There are many more platforms as well that are providing the same services and they are charging relatively low transaction fees so we can't really say that it is justifiable if they are charging this much. We should either abandon such platforms or they should reduce the fees.

AFAIK, more or less the withdrawal fees are similar on the reputed casinos and if someone is using a casino is charging high withdrawal fee and found an alternative which offers the same service with low fee then just move to it. I know some reputed exchange 5x times of actual transaction fee for the transaction to proceed but still they are considered as the reputed trading platform so we can call them as robbers and abandon their services?

Always actually falls down into someones preference because there are ones who could really just withstand or accept even if that x5 more when it comes to fess as long they've been comfortable on the current platform that they are dealing with rather than on making use of a site which they arent comfortable with despite on having that cheap fees. Businesses could really be having that different way or source of
revenue but having that additional fees isnt really something that you could really put focus on because most  of them does offer the minimal.

Dont know on why people are really bothering that much of the fees which most of the time its really that dirt cheap but i do understand on some people who are just small time gamblers
would really be seeing this thing as a huge issue on the time that they do facing up some huge additional which is something that would really vary into each platform
and this is where selection do really happens.

[jostorres]

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

I noticed on some casinos that they are trying to take advantage of the bitcoin situation but the I wouldn't blame them. I would blame the gambler who returns to them over and over again when they have other options. I also understand that casinos use this fees to offset some their their costs such as operational costs, and also for processing withdrawals. You may want to reach out to their customer care agents to get clarifications and inquire what your other options may be.

I don't think that they charge more fees so that they can use this money for their operational costs since they already earn enough revenue to cover that with the money they are getting as profit when gamblers lose. If they use this excuse in front of their players that they are using the extra money they charge as fees for operational costs of the platform then it is a very lame excuse, to be honest.

They should be transparent and straightforward with these things, if they are really running short on revenue and using this method to cover the costs then they need to let their players know about it so that they understand the situation and either decide to stay or leave for another casino with lower fees.

[serjent05]

Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

That is cheating their players.  I am glad that I am playing in Stakes, during the surge of transaction fees, Stake does not change their withdrawal fee.  They are still charging with less than $2 while the blockchain fee is more than $20.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

Casinos' other source of earnings is their withdrawal processing fees.  So it is not surprising that many casinos are charging their player way more than the blockchain transaction fee.  It is their opportunity to earn from their service so they will take that opportunity.

[ethereumhunter]

Yes, those casinos are clearly taking advantage of us as much as they can. It only proves that they are not worth to play and cannot be trusted. That’s the reason why we need to be careful in choosing for an online casino, the one that is more secured and is proven to give customer support rather than luring its customers with high gas fees. Robbery is always bad, so we should learn to avoid online casinos that is clearly practicing this negative treatment towards its players or users.

But it could be that the casino charges its members more when the members want to withdraw their money. This is because the transaction fees on the network have also increased, making casinos have to increase their transaction fees. And usually, there will be a notification from the casino that they are increasing the transaction fee due to the network's increased fees. Hence, the casino has to adjust the fees accordingly. Once the fees are back to normal, the casino will also notify its members that the fees are back to normal and have been reduced.

[Doan9269]

Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

That is cheating their players.  I am glad that I am playing in Stakes, during the surge of transaction fees, Stake does not change their withdrawal fee.  They are still charging with less than $2 while the blockchain fee is more than $20.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

Casinos' other source of earnings is their withdrawal processing fees.  So it is not surprising that many casinos are charging their player way more than the blockchain transaction fee.  It is their opportunity to earn from their service so they will take that opportunity.

On the common way, casinos don't have that kind of high transaction fees like that experience with exchanges, but if one comes across any that is taking an abuse on such, then it's better to try other recommendations because they may be taking advantage on others in that while everything had gone down to a bearable limit, which measn we must be very sure we are using a trusted casino and can also track the mempool to know the current fee on transaction and see if they are making an additional fee or not from their own end.

[Cling18]

Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

That is cheating their players.  I am glad that I am playing in Stakes, during the surge of transaction fees, Stake does not change their withdrawal fee.  They are still charging with less than $2 while the blockchain fee is more than $20.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

Casinos' other source of earnings is their withdrawal processing fees.  So it is not surprising that many casinos are charging their player way more than the blockchain transaction fee.  It is their opportunity to earn from their service so they will take that opportunity.

On the common way, casinos don't have that kind of high transaction fees like that experience with exchanges, but if one comes across any that is taking an abuse on such, then it's better to try other recommendations because they may be taking advantage on others in that while everything had gone down to a bearable limit, which measn we must be very sure we are using a trusted casino and can also track the mempool to know the current fee on transaction and see if they are making an additional fee or not from their own end.

Based on my experience, large transaction fees are only present during mempool congestion, when all platforms are experiencing high fees. However, I did not experience any abuse of their transaction fees, either for deposits or withdrawals, at the reputable casinos I have been playing at. I suppose it all depends on the casino, and if you keep running into this issue, you might choose to switch to another trustworthy casino that just charges minimal transaction costs.
You don't always have to deal with excessive transaction costs because there are many reliable casino sites to select from. We should do rid of the casinos that are actually taking advantage of transaction fees and profiting from them rather than having to pay for every transaction.

[piebeyb]

Yes, those casinos are clearly taking advantage of us as much as they can. It only proves that they are not worth to play and cannot be trusted. That’s the reason why we need to be careful in choosing for an online casino, the one that is more secured and is proven to give customer support rather than luring its customers with high gas fees. Robbery is always bad, so we should learn to avoid online casinos that is clearly practicing this negative treatment towards its players or users.

But it could be that the casino charges its members more when the members want to withdraw their money. This is because the transaction fees on the network have also increased, making casinos have to increase their transaction fees. And usually, there will be a notification from the casino that they are increasing the transaction fee due to the network's increased fees. Hence, the casino has to adjust the fees accordingly. Once the fees are back to normal, the casino will also notify its members that the fees are back to normal and have been reduced.

not many casinos do that automatically and change transaction fees in real time, not only that even big exchange sites like binance just can't do it in real time often profit from user transaction fees whereas transaction fees are very cheap at that time, casinos that doing in real time it's not much and only big casinos.

Small casinos don't even care about stealing transaction fees from their users, as long as it's profitable for the casino that's fine for them, but problematic for us active gamblers who want to withdraw our money from the casino. Just a suggestion, gamblers should look at the withdrawal transaction costs before making a deposit to measure their ability to withdraw.

[Hypnosis00]

Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

In short, they are charging you more because you are using them. But when mempool is full, it's just practical to put more money for fees so you'll get them faster. This used to be a problem mainly with exchange withdraw fees. And still is going to be depending on the mempool.

But there are casinos that charge basically nothing compared to your experience so feel free to shop around. Stake gets my vote with 7k sats btc fee.

They were supposed not to be doing that way, that was robbery on the gambler's side. Even if they are using the said platform, they should not the network congestion as an excuse to charge the gambler otherwise, that casino should be ignored. Of course, I don't have to stick to such a platform when I know they are overcharging and milking me. Maybe if that is just an option to fasten our transaction, that can be considered but if not, that is something we need to know more about. Maybe $2 is a little bit acceptable but for $5, that seems unfair.

[KiaKia]

There is one thing I know about online gambling deposits and withdrawals, you don't have to use Bitcoin by force, if Bitcoin transaction fee is too high you can go with altcoins, it shouldn't matter to you since you are planning to gamble with the money..

If you plan to withdraw in BTC from a online casino and the fee is too high you can still use another withdrawal option like altcoins too or in USD if you care less about privacy, some online casinos do have high gas fee like you said but once you find them out you can avoid them.

The reason we decide to gamble on a particular online casino is because of the fun and experience,  if I am satisfied with the functionality of a online casino and it has high withdrawal fee I will choose to stay so far they have other ways that I can use for withdrawal.

[molsewid]

Why are some online gambling platforms having high withdrawal fee? I know Bitcoin recently has a high transaction fee but that's no more right now, some online casinos are still asking for 5$ per transaction when it should be 1$ or less.

Not just only Bitcoin withdrawal, even coins with very low transaction fee, isn't this robbery? If you just signed up on a centralized exchange, you can pretend as if you want to withdraw, to know how much the gas fee costs, but on online casino, you will see this only after you have enough wins or funds for withdrawal.

Hmmm maybe they just want to add extra more fee so that when the market price goes pump they will not have any problem but when it dumps they will  get more profit . They also do that in order for them to get more profit to their gamblers but it is unfair of course, so the thing is we need to deposit enough amount and then withdraw amount that is bigger so that fee will not be too painful.

[pawanjain]

There is one thing I know about online gambling deposits and withdrawals, you don't have to use Bitcoin by force, if Bitcoin transaction fee is too high you can go with altcoins, it shouldn't matter to you since you are planning to gamble with the money..

If you plan to withdraw in BTC from a online casino and the fee is too high you can still use another withdrawal option like altcoins too or in USD if you care less about privacy, some online casinos do have high gas fee like you said but once you find them out you can avoid them.

The reason we decide to gamble on a particular online casino is because of the fun and experience,  if I am satisfied with the functionality of a online casino and it has high withdrawal fee I will choose to stay so far they have other ways that I can use for withdrawal.

That's a good option for sites which has an in-house exchange from one coin to another.
There are some gambling sites which doesn't have an in built exchange and we can only withdraw the coin to the same network.
In such situations the problem persists and I think the only solution is to find an alternative platform which serves your needs.

[Hispo]

I have also noticed that some online casinos have not addressed the issue of withdrawval fees, they seem to be doing the same some exchanges do and charge over estimating the cost of the network, for the sake of speed.

Honestly, it would not be so difficult to solve, all it takes is some specialized software which would allow to stockpile withdrawvals and then send them out in bulk with a proper fee, which is not need for it to be exaggerated.

Such mechanism would need someone checking the transaction manually to rule out any glitch or hack attempt, though.

Perhaps that is the biggest obstacle, since casinos and Exchanges give more emphasis to security. 

[AicecreaME]

It's really a pain in the ass to the players whenever the transaction fee for deposit and withdrawal hits sky high. Sometimes the transaction fees are just unacceptable in a manner that there's a huge price gap between the usual one and the fee that the casino website is asking you for. Hence, it's really important to always check first before depositing and betting. It will be a loss on your end if you want to withdraw then suddenly you just find out that the fee for it is even close to your amount to be withdrawn, how unfortunate right? With this, you might want to check it beforehand to avoid the hassle and the disappointment later on.

I really do hope that casinos will be able to address this issue once and for all since it's been a recurring concern of most players. After all, it's for the benefit of both parties and not just on the side of the gambler. Better service, more people to become a patron.

[ethereumhunter]

not many casinos do that automatically and change transaction fees in real time, not only that even big exchange sites like binance just can't do it in real time often profit from user transaction fees whereas transaction fees are very cheap at that time, casinos that doing in real time it's not much and only big casinos.

Small casinos don't even care about stealing transaction fees from their users, as long as it's profitable for the casino that's fine for them, but problematic for us active gamblers who want to withdraw our money from the casino. Just a suggestion, gamblers should look at the withdrawal transaction costs before making a deposit to measure their ability to withdraw.

Maybe not real time but they can change it by changing the codes in the withdrawal section. I also do not know how but I think like that. Yes, both casino sites and exchanges benefit more from increasing their fees. However, let's think that the profits from those fees will be used to improve their services to provide satisfactory service to their members.

I think all businesses will be like that except for casinos which have no intention of providing satisfactory service to their members because all they think about is getting benefits from their members. And if you don't want to pay those fees, you should check the fees first and if the fees are still high, you can hold off on making the transaction.

[len01]

That's a good option for sites which has an in-house exchange from one coin to another.
There are some gambling sites which doesn't have an in built exchange and we can only withdraw the coin to the same network.
In such situations the problem persists and I think the only solution is to find an alternative platform which serves your needs.

gambling sites that provide internal exchange on the site are very interesting and good because it makes it easy for customers to be able to change their coins at any time.
but the problem is the fee when wanting to exchange with the coin itself will be expensive or will only give the generosity of a small fee. if the fees for exchanging expensive coins are the same as withdrawing funds from sites with high fees.
and you are right that choosing a site that suits our own will be much better.