Things that still make feel awkward with some online casinos

[AicecreaME]

Maybe hard for them to have this feature since if they add exchange maybe they required to have another license aside from their casino. But we don't know the real situation on this since provably the one can answer is those people who work with casino or even the owner since people here maybe just saying something base only on their opinion.

But if they can make this to happen then maybe they can get extra source of income to their casino since this feature maybe can generate them a profit.

It could be why not many casinos don't add the exchange feature. And that is also not a problem for gamblers because they can send money directly to other wallets or exchanges. But indeed, having an exchange in the casino will allow gamblers to exchange their coins for other coins, especially when transaction costs are soaring.

Hopefully, in the future, many casinos will think about adding exchanges in their casinos to help their members who want to convert their coins before sending them to other wallets. And yes, it is an additional source of income for the casino too, by owning that exchange.

Having an exchanger could really be a game changer for the better user-experience of the players. The convenience of having a readily available exchanger where you can directly convert your crypto coins in a snap before sending it to your wallet will be less hassle. This will consume lesser time and effort on gambler's end. However, having this could also mean that the casino might really need to get license and process some documents first. Which will be a tedious task on their end and surely this will also cost a considerable amount of money they should get from their reserves. Although I agree that this could pave way to additional source of income for them in the future if ever they will put up one, so the expenses will not be put into waste, rather will be an investment that will also generate profit over time.

But it's still up for the casinos to decide whether to build one or now. Perhaps some are even thinking of putting it and is just weighing the pros and cons first. Since after all, exchangers also need security and maintenance. They need to sustain those in order for it to work smoothly and continue living up the good reputation they have for providing good quality of service to their patrons.

[Doan9269]

Let's talk a little on the gambling platforms performances and their website appearance and functionality, the display orientation, kinds of fonts and letters used, their designs and the time taken on the website to load up their page, though most of these listed and not the primary needs any gambler can out first but they also served under the secondary categories of what some considers especially the time taken for a gambling casino to load it page, the other common things are inability to withdraw, KYC challenge, suspicious abuse or activities and many others.

[wiss19]

The casinos that charge withdrawal fees is not a bad thing nor should it be interpreted as something bad because what is done here is to try to understand that the casinos cannot be covering those expenses that are our own, of course there are some casinos that do they assume that expense and although I do not agree that casinos charge more than they should even if bitcoin rises in price, I think that casinos should implement alternating solutions to avoid this, perhaps they will set up a Bitcoin to USDT exchange to that a withdrawal can be made in usdt and it is not a fee problem, it has happened to me that I have had to gamble too much to be able to withdraw considering the fee.

I guess you know that Stake.com charges a very moderate fee and some even charge nothing at all. Those who rip off their customers are not the most reliable casinos either. Why would they have to charge excessive withdrawal fees when those fees actually should be much lower according to the network? Some even kept their fees steady and low when we had the fee explosion recently. I think it is a big promotional action because I also prefer platforms which have a fee policy that fits the actual network load instead of taking a big fat chunk of your own money for nothing.

The most trusted and reputable platforms will surely have lower fees as they can manage to earn revenue through their gambling services and don't need anything extra from their gamblers but some casinos that are relatively new and maybe don't have a very large user base will charge extra fees than what the network actually asks for and that goes to the casino revenue I believe.

Users obviously would prefer a platform that doesn't rip them off when they are trying to make a withdrawal, and even if the amount isn't very big, it at least is higher than what should be asked for, in such times, casinos that are asking for lower fees will surely get more popularity than normal times.

[Helena Yu]

Because most of centralized sites have a slow update and if many gamblers willing to pay such high fee, why they need to adjust with the current mempool? they can earn more money from the additional Bitcoin which not used for pay to the miner.

You should let know the live support at that time and wait until they adjust it, if the site is trusted, I think it's still safe to leave your funds for next few months.

[swogerino]

Because most of centralized sites have a slow update and if many gamblers willing to pay such high fee, why they need to adjust with the current mempool? they can earn more money from the additional Bitcoin which not used for pay to the miner.

You should let know the live support at that time and wait until they adjust it, if the site is trusted, I think it's still safe to leave your funds for next few months.

I think no matter how trustworthy is a site they still remain a third party which is holding your coins and the saying says "not your keys,not your coins" so as long as you leave them here it is always with risks.Whenever a user needs to withdraw funds he/she should be able to do it,a couple of reputable casinos offer a fixed fee for when withdrawing money no matter the amount,the same fee is applied be it 50 dollar be it 5000 dollars and this guarantees that the user will take his money as long as he pays that fixed fee no matter if the mempool if full or not.This is the best solution and I fully agree with this,if people don't agree then they can use Litecoin or any other coin which has much cheaper fees compared to Bitcoin.

[tusandii]

Hopefully, in the future, many casinos will think about adding exchanges in their casinos to help their members who want to convert their coins before sending them to other wallets. And yes, it is an additional source of income for the casino too, by owning that exchange.

This is quite an interesting idea because it can make it easier for gamblers when they want to withdraw their balance with the token they want.
I also hope that there will be an Exchanger so that when we want to make withdrawals or deposits it can be faster and easier because it can be directly from the casino so we can directly enter it into our bank account.
You are right, with the development of the exchange and moreover the Exchanger can provide additional income or profit for the casino from the fees provided by gamblers when exchanging or withdrawing.

[Yamifoud]

Because most of centralized sites have a slow update and if many gamblers willing to pay such high fee, why they need to adjust with the current mempool? they can earn more money from the additional Bitcoin which not used for pay to the miner.

You should let know the live support at that time and wait until they adjust it, if the site is trusted, I think it's still safe to leave your funds for next few months.

But I supposed to think that the adjustment will just take a few days but when it takes weeks or months, that is not unfair anymore. If you are using that platform for quite a long, you feel like a robbery on your side knowing that you are paying $1 before and it has now become $5, it is really disappointing. Whether it was a trusted site or not, leaving fund to the gambling sites for that long is pretty not a good idea, I'd rather spend $5 and withdraw all of my funds.

[Fivestar4everMVP]

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.

This entirely depends on the casino you are playing on, for me, for several months now, I've sticked with Stake.com, the bitcoin withdrawal fees has always been 7000 sats, and it has remained so even until now, and even when the bitcoin network experienced congestion which caused the fees to skyrocket, Stake.com still maintain their normal withdrawal fee of 7000 sats..

And again, Stake, a user can view what the withdrawal fee of any coin is, even without have a balance of the said coin, for example in the shot below, I have no bitcoin balance, but I can still see how much Bitcoin is taken as fee when I withdraw.

[Tumanggor]

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.

Have you ever gone to a restaurant or cafe but the price of their food is different from other restaurants or cafes, that also applies to gambling sites, as far as I know, they charge that much for their services, even though it looks like a robbery but we as users can only surrender to it

but I suggest choosing the cheapest coin when you want to make withdrawals like trx , doge or ltc because other coins usually have a fee of $ 1 ++ for every withdrawal you make from a gambling site

[TimeTeller]

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.

This entirely depends on the casino you are playing on, for me, for several months now, I've sticked with Stake.com, the bitcoin withdrawal fees has always been 7000 sats, and it has remained so even until now, and even when the bitcoin network experienced congestion which caused the fees to skyrocket, Stake.com still maintain their normal withdrawal fee of 7000 sats..

And again, Stake, a user can view what the withdrawal fee of any coin is, even without have a balance of the said coin, for example in the shot below, I have no bitcoin balance, but I can still see how much Bitcoin is taken as fee when I withdraw.
-

Really nice that site like stake is covering the high transaction fees during the congested periods.
The good thing about this is that they won't go bankrupt by covering the withdrawal fees of their players because the site is big and really earning good income.
However, if this will be done in small casinos, I guess, they will just stick to how much they are charging their players, even if the transaction won't be confirmed for days.
If you are too worried about those withdrawal fees, then, always check how much the site will charge you just like exchanges so you won't be surprised when you need to withdraw from them.
Because once you deposited the money to them, it means, you will comply all the terms including the charges that may incur with your transactions.

[len01]

Because most of centralized sites have a slow update and if many gamblers willing to pay such high fee, why they need to adjust with the current mempool? they can earn more money from the additional Bitcoin which not used for pay to the miner.

You should let know the live support at that time and wait until they adjust it, if the site is trusted, I think it's still safe to leave your funds for next few months.

But I supposed to think that the adjustment will just take a few days but when it takes weeks or months, that is not unfair anymore. If you are using that platform for quite a long, you feel like a robbery on your side knowing that you are paying $1 before and it has now become $5, it is really disappointing. Whether it was a trusted site or not, leaving fund to the gambling sites for that long is pretty not a good idea, I'd rather spend $5 and withdraw all of my funds.

it all depends on the casino if the casino is popular and already big it usually doesn't take long to update but if the casino isn't too big I think it takes a few days to process.
on the one hand always be warned that do not deposit funds on any online platform or site, it will be very risky.

[shogun47]

The casinos that charge withdrawal fees is not a bad thing nor should it be interpreted as something bad because what is done here is to try to understand that the casinos cannot be covering those expenses that are our own, of course there are some casinos that do they assume that expense and although I do not agree that casinos charge more than they should even if bitcoin rises in price, I think that casinos should implement alternating solutions to avoid this, perhaps they will set up a Bitcoin to USDT exchange to that a withdrawal can be made in usdt and it is not a fee problem, it has happened to me that I have had to gamble too much to be able to withdraw considering the fee.

I guess you know that Stake.com charges a very moderate fee and some even charge nothing at all. Those who rip off their customers are not the most reliable casinos either. Why would they have to charge excessive withdrawal fees when those fees actually should be much lower according to the network? Some even kept their fees steady and low when we had the fee explosion recently. I think it is a big promotional action because I also prefer platforms which have a fee policy that fits the actual network load instead of taking a big fat chunk of your own money for nothing.

The most trusted and reputable platforms will surely have lower fees as they can manage to earn revenue through their gambling services and don't need anything extra from their gamblers but some casinos that are relatively new and maybe don't have a very large user base will charge extra fees than what the network actually asks for and that goes to the casino revenue I believe.

Users obviously would prefer a platform that doesn't rip them off when they are trying to make a withdrawal, and even if the amount isn't very big, it at least is higher than what should be asked for, in such times, casinos that are asking for lower fees will surely get more popularity than normal times.

Indeed but that is also a red flag especially for high stakes gamblers. If you say that this could be a sign of a casino having a small user base and perhaps not that much liquidity and they need to charge extra for players' withdrawals as part of their revenue streams, I would be alarmed in any case because this would rather be indicative of the casino not being able to honor all their obligations from gambling itself. I prefer to stick with the casinos that increase the experience through making it easy to withdraw and deposit and not hide any fees or charge extra for something that hasn't anything to do with the gambling experience after all.

[bayu7adi]

Because most of centralized sites have a slow update and if many gamblers willing to pay such high fee, why they need to adjust with the current mempool? they can earn more money from the additional Bitcoin which not used for pay to the miner.

You should let know the live support at that time and wait until they adjust it, if the site is trusted, I think it's still safe to leave your funds for next few months.

However, the issue lies in why the fees for withdrawing altcoins have also increased. Just recently, the fee increases were supposed to be limited to Bitcoin transactions.

I believe this may be a tactic employed by gambling platform providers to extract small amounts of money from their users under the guise of high transaction fees. Or perhaps it's a psychological game where the players who are withdrawing funds are the ones who have just won. As a result, they may not mind the small fees imposed by the platform on users who make withdrawals.

[Alisha-k]

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.

they're trying to make their own charge at a criminal level, I don't even bother to call them out, if your transaction charge is high, it means only one thing to me, I am not needed in your platform. So I do myself the favour by walking away, trading goes on, life continues. No hard feelings

[Weawant]

Hopefully, in the future, many casinos will think about adding exchanges in their casinos to help their members who want to convert their coins before sending them to other wallets. And yes, it is an additional source of income for the casino too, by owning that exchange.

They also don't have to own the exchange, they can partner with instant exchange or swapping platforms so users can swap their coin on the casino without leaving and it can then be withdrawn with the coins with the lowest fees, I don't like paying high fee myself.

Some cryptocurency wallets has implemented this suggestion and it made using the wallets very comfortable as you don't have to worry about withdrawing to an exchange that might take time for the coins to confirm and the price might have dropped.

Also I use a casino in the past to gamble and when I wanted to withdraw, the money was in USDT and you can withdraw directly to your account even when what you deposited was Bitcoin. They automatically converts your wins to stablecoin, that was also helpful.

[Doan9269]

The casinos that charge withdrawal fees is not a bad thing nor should it be interpreted as something bad because what is done here is to try to understand that the casinos cannot be covering those expenses that are our own, of course there are some casinos that do they assume that expense and although I do not agree that casinos charge more than they should even if bitcoin rises in price, I think that casinos should implement alternating solutions to avoid this, perhaps they will set up a Bitcoin to USDT exchange to that a withdrawal can be made in usdt and it is not a fee problem, it has happened to me that I have had to gamble too much to be able to withdraw considering the fee.

I guess you know that Stake.com charges a very moderate fee and some even charge nothing at all. Those who rip off their customers are not the most reliable casinos either. Why would they have to charge excessive withdrawal fees when those fees actually should be much lower according to the network? Some even kept their fees steady and low when we had the fee explosion recently. I think it is a big promotional action because I also prefer platforms which have a fee policy that fits the actual network load instead of taking a big fat chunk of your own money for nothing.

The most trusted and reputable platforms will surely have lower fees as they can manage to earn revenue through their gambling services and don't need anything extra from their gamblers but some casinos that are relatively new and maybe don't have a very large user base will charge extra fees than what the network actually asks for and that goes to the casino revenue I believe.

Users obviously would prefer a platform that doesn't rip them off when they are trying to make a withdrawal, and even if the amount isn't very big, it at least is higher than what should be asked for, in such times, casinos that are asking for lower fees will surely get more popularity than normal times.

But don't be surprised that reverse is now the case of most gambling platforms where this is applicable, the bigger and most established gambling platforms charges more because they feels they have that reputation needed for them to be trusted and also that they need more finances to maintain this reputation they have built, yet we also have some newly established gambling platforms that keeps upto expectation and charges less.

[Blitzboy]

Maybe hard for them to have this feature since if they add exchange maybe they required to have another license aside from their casino. But we don't know the real situation on this since provably the one can answer is those people who work with casino or even the owner since people here maybe just saying something base only on their opinion.

But if they can make this to happen then maybe they can get extra source of income to their casino since this feature maybe can generate them a profit.

It could be why not many casinos don't add the exchange feature. And that is also not a problem for gamblers because they can send money directly to other wallets or exchanges. But indeed, having an exchange in the casino will allow gamblers to exchange their coins for other coins, especially when transaction costs are soaring.

Hopefully, in the future, many casinos will think about adding exchanges in their casinos to help their members who want to convert their coins before sending them to other wallets. And yes, it is an additional source of income for the casino too, by owning that exchange.

Having an exchanger could really be a game changer for the better user-experience of the players. The convenience of having a readily available exchanger where you can directly convert your crypto coins in a snap before sending it to your wallet will be less hassle. This will consume lesser time and effort on gambler's end. However, having this could also mean that the casino might really need to get license and process some documents first. Which will be a tedious task on their end and surely this will also cost a considerable amount of money they should get from their reserves. Although I agree that this could pave way to additional source of income for them in the future if ever they will put up one, so the expenses will not be put into waste, rather will be an investment that will also generate profit over time.

But it's still up for the casinos to decide whether to build one or now. Perhaps some are even thinking of putting it and is just weighing the pros and cons first. Since after all, exchangers also need security and maintenance. They need to sustain those in order for it to work smoothly and continue living up the good reputation they have for providing good quality of service to their patrons.

No lies, an internal exchange seems like a sweet deal for a crypto-casino. Imagine it like a food court with every possible cuisine right there. The user-friendliness levels for gamblers would blast off, and the casino could count on some extra green. But, let's not bypass the 800-pound gorillas.

Firstly, the tech workload for setting up and running an exchange is not a breeze. It calls for cutting-edge security to dodge any breaches, and a considerable chunk of resources to keep the system fresh and in the game. Secondly, the red tape would feel like a blind journey through a booby-trapped terrain. Staying on top of AML/KYC protocols, tackling licensing, grappling with jurisdiction – the casino would need a squad of legal wizards to crack the code. The cash outlay is significant, plus the extra gamble of operating an exchange in the turbulent world of crypto. One false move could be game over. So, while it's a fun thought, let's not undervalue the multitude of challenges on the horizon.

[shogun47]

The casinos that charge withdrawal fees is not a bad thing nor should it be interpreted as something bad because what is done here is to try to understand that the casinos cannot be covering those expenses that are our own, of course there are some casinos that do they assume that expense and although I do not agree that casinos charge more than they should even if bitcoin rises in price, I think that casinos should implement alternating solutions to avoid this, perhaps they will set up a Bitcoin to USDT exchange to that a withdrawal can be made in usdt and it is not a fee problem, it has happened to me that I have had to gamble too much to be able to withdraw considering the fee.

I guess you know that Stake.com charges a very moderate fee and some even charge nothing at all. Those who rip off their customers are not the most reliable casinos either. Why would they have to charge excessive withdrawal fees when those fees actually should be much lower according to the network? Some even kept their fees steady and low when we had the fee explosion recently. I think it is a big promotional action because I also prefer platforms which have a fee policy that fits the actual network load instead of taking a big fat chunk of your own money for nothing.

The most trusted and reputable platforms will surely have lower fees as they can manage to earn revenue through their gambling services and don't need anything extra from their gamblers but some casinos that are relatively new and maybe don't have a very large user base will charge extra fees than what the network actually asks for and that goes to the casino revenue I believe.

Users obviously would prefer a platform that doesn't rip them off when they are trying to make a withdrawal, and even if the amount isn't very big, it at least is higher than what should be asked for, in such times, casinos that are asking for lower fees will surely get more popularity than normal times.

But don't be surprised that reverse is now the case of most gambling platforms where this is applicable, the bigger and most established gambling platforms charges more because they feels they have that reputation needed for them to be trusted and also that they need more finances to maintain this reputation they have built, yet we also have some newly established gambling platforms that keeps upto expectation and charges less.

Can you give examples? I know that Stake.com charges a very small fee only and for example Sportsbet charges nothing for withdrawals. I would deem these two platforms quite big and that would be contrary to what you have said. It differs among those platforms but i can definitely say that I avoid those that charge way too much in excess of actual network fees. I am not a high stakes player and fees do matter in that case.

[jrrsparkles]

Because most of centralized sites have a slow update and if many gamblers willing to pay such high fee, why they need to adjust with the current mempool? they can earn more money from the additional Bitcoin which not used for pay to the miner.

You should let know the live support at that time and wait until they adjust it, if the site is trusted, I think it's still safe to leave your funds for next few months.

You will never see a casino which provides withdrawal fee same as the required transaction fee and it also applies to Centralized exchanges and any platform which gives cryptocurrency related services. Because this is how they make money for the service they are providing so if you see a little higher fee than actual transaction fee then it's okay and no need to question about their reputation but if they are asking 5x times than actual fees then it's better to choose alternatives.

[Sandra_hakeem]

Alot hot wallets have been made to reduce Thier fees - I normally use Trust wallet in my transactions most times and I was heavily charged on one occasion, when I had to trade my BTCs for fiat... 4.98 dollars was much for me at the time, but I had no choice.
If that's happening in wallets for staked coins, how much more casino wallets... No one would always prefer depositing with a huge gas fee buddy, ..(except maybe when it was made general for everyone). Casinos have also added an additional income revenue to theirselves - mostly when they've been rooted in for a long time. I Still feel every casino would always operate in a way that suits them - that's one of the reasons most won't accept every means of payment - which is mostly because they aren't in countries that supports the most preferred medium of payment or withdrawal.

Sandra 🧑‍🦰