How do you deal with high transaction fee on BTC on gambling?

[goldkingcoiner]

I think everyone notice how high the current fee right now on Bitcoin network. I’m sure player like me that relying only on signature campaign payment in Bitcoin is having a hard time to play right now since the fee is insanely high.

How do you deal with this problem? Is there any casino that allows no confirmation to deposit? Let’s say I will send my Bitcoin using fee below average and then play while it’s still unconfirmed. I knew that some casino do have instant deposit but I never try depositing much lower fee to the average fee if they will still credit instantly.

I would probably not gamble with Bitcoin. The transaction fees can be avoided by choosing a coin with a blockchain that has cheap transaction fees and which is supported by your casino of choice (as they usually are). I gamble with small amounts so it matters more. Anyone who does not care about the transaction fee usually has gigantic fortunes to gamble away. So the choice between which coin does not matter much to them in the first place.

Or just ask the signature manager to deposit directly into your casino wallet? That way there is no need for paying fees on your end.



 

[madnessteat]

~snip~

Why should you use bitcoin for gambling?
You can save up the BTC you get from a subscription campaign for a few weeks or even months and then withdraw it in one transaction. At the same time, for gambling, use your money, which can be quickly converted to one of the cryptocurrencies that don't have such high network fees and transactions are confirmed e as long as it takes on the BTC network.  

[stomachgrowls]

I think everyone notice how high the current fee right now on Bitcoin network. I’m sure player like me that relying only on signature campaign payment in Bitcoin is having a hard time to play right now since the fee is insanely high.

How do you deal with this problem? Is there any casino that allows no confirmation to deposit? Let’s say I will send my Bitcoin using fee below average and then play while it’s still unconfirmed. I knew that some casino do have instant deposit but I never try depositing much lower fee to the average fee if they will still credit instantly.

With the current fees, then yes it would really be that much a big or huge issue into those gamblers who are really that only having a few hundreds or few bucks for them to play on which the current fee as of  this moment
is really that playing around almost $20 bucks and this is something that not everyone could really afford or willing to pay for on just transferring your Bitcoin from your own wallet to a gambling site.
But if you do have tons of Bitcoin then it wont really be an issue yet these fees are just dust but for those who arent then it would really be giving that kind of pain when making transfers. 

On the question, if there were gambling sites does have that zero confirmation? I dont think that they do exist nowadays. We do know that they would be at least needing to have 1 confirmation before it would credit out.
We do know that they are aware about double spending thing on which they cant really just that afford on making instant deposit on having the risks of double spending and this is why
i dont see any sites that do offer this one.

[Slow death]

using bitcoin in gambling becomes advantageous when bitcoin is in the bear market and the player also has enough skills to be able to win to the point of increasing his banking value, this is because when the bull market arrives that money that is in the player's account becomes much larger when the player converts bitcoin to fiat. Now, if the person is not watching the market and just keeps playing with bitcoin or some altcoin, then that person will run the risk of seeing their bankroll value reduced due to the drop in the price of bitcoin or altcoin. As for this fee issue, I don't see it as being a big increase like it was 4 or 5 years ago

but I believe that for players who have a small bankroll, something like 10$ in bitcoin to play, it is difficult to deposit 10$ in bitcoin in the casino and manage to win and keep 20$ in bitcoin, but at the time of withdrawal they have to be deducted. 7$ for network fee, this would mean that the player only made a profit of 3$. I don't think it's advantageous, but for people who play with more than $100, there's no problem paying these fees. players with small bankrolls should use altcoins with low fees, I like to use litecoin for my bets because the fees and withdrawal value are very low, so it makes it much easier for me

[buwaytress]

Btw, Livecasino, Sportsbet and Bitcasino credits unconfirmed deposit too.

Best thing ever and I can confirm this as recently as last week -- it's been this way for as long as I remember, and even throughout the nasty May period of congestion (try 400+ sats/byte fee).

Anyone else idiotic like me and gamble for your fees? I still don't think I pay too much for fees from my wallet (I like keeping it lean) but on casinos where you pay for high priority fees like crypto-games (CG), I like gambling a little to cover my fees. Has it ever led to a wipeout? Yes haha

Just don't use btc till it gets its shit together...

Been using BTC since 2016, it's gotten its shit together for a long time. But yeah, I do get what you mean, really, depositing 10 mbtc and paying about 7% (as of right now) for next-block confirms isn't cool but I usually don't go for rush deposits and I play sports mainly. Pay a quarter of the suggested fee, it'll confirm in time for your bet to settle. 0 confirmations doesn't care. If you win big and want to withdraw, RBF it.

[swogerino]

I think everyone notice how high the current fee right now on Bitcoin network. I’m sure player like me that relying only on signature campaign payment in Bitcoin is having a hard time to play right now since the fee is insanely high.

How do you deal with this problem? Is there any casino that allows no confirmation to deposit? Let’s say I will send my Bitcoin using fee below average and then play while it’s still unconfirmed. I knew that some casino do have instant deposit but I never try depositing much lower fee to the average fee if they will still credit instantly.

It is a big problem right now,if you want to confirm fast your deposit you should use a high fee which whenever we have such spikes in price of Bitcoin usually a lot of people are transacting and you have to pay the fee.There is no way around this unless you have some other altcoins which you can use super fast cheap fees on Litecoin network for example.Personally most of the deposits in the casino I make in Litecoin as I am mining it and this is a great way to not feel the pain of having to pay high transaction fees when you are depositing Bitcoin to the casino.If Bitcoin is your only option then you can opt to pay a lower fee and wait some time longer before it is credited to your account.

[Sunderland]

Kinda annoying for a small fish like me, today need $18 to send the BTC into the exchange then swap it with other coin.
In total I might lost $21 because of the fees before I place any bet and if I deposit with BTC the withdrawal fees will be another burden.
So, better not to gamble for a while if the deposit is less than $300.

[Stepstowealth]

I think everyone notice how high the current fee right now on Bitcoin network. I’m sure player like me that relying only on signature campaign payment in Bitcoin is having a hard time to play right now since the fee is insanely high.

How do you deal with this problem? Is there any casino that allows no confirmation to deposit? Let’s say I will send my Bitcoin using fee below average and then play while it’s still unconfirmed. I knew that some casino do have instant deposit but I never try depositing much lower fee to the average fee if they will still credit instantly.

The fees do not always remain high, so you can wait for the window of opportunity where the fees are low and affordable, then take that time to fund your gambling account well instead of funding your account with small amounts occasionally and paying fees for each transaction. Funding your account once with a huge amount that you have set for gambling can help you manage your money for gambling better for that month because you should be able to plan better. If you can also cannot fund your account due to the high unaffordable fees, you can still rest.

[macson]

I think everyone notice how high the current fee right now on Bitcoin network. I’m sure player like me that relying only on signature campaign payment in Bitcoin is having a hard time to play right now since the fee is insanely high.

How do you deal with this problem? Is there any casino that allows no confirmation to deposit? Let’s say I will send my Bitcoin using fee below average and then play while it’s still unconfirmed. I knew that some casino do have instant deposit but I never try depositing much lower fee to the average fee if they will still credit instantly.

The issue of Bitcoin fees is always a dilemma for Bitcoin users, especially those who actively use it for gambling, but if your betting capital is large, it shouldn't be a problem for you to pay a fee of up to $10.  Just think about it, if you swap your bitcoin for altcoins then you will only bet with those altcoins, unless the online gambling site where you gamble has an exchange feature in it too.  betting using bitcoin capital is much more profitable than just betting with altcoins.

[Johnyz]

Kinda annoying for a small fish like me, today need $18 to send the BTC into the exchange then swap it with other coin.
In total I might lost $21 because of the fees before I place any bet and if I deposit with BTC the withdrawal fees will be another burden.
So, better not to gamble for a while if the deposit is less than $300.

Same problem, I just stop withdrawing from my wallet as the fees are so high to deal with for the small time gambler, I think its better to use other altcoins to gamble like Doge and LTC for a cheaper price or you can also use USDT to avoid paying higher fees. Some casinos though are allowing to credit the fund faster even if the block is still processing, better to check this on the casinos you are using.

[DaNNy001]

I think everyone notice how high the current fee right now on Bitcoin network. I’m sure player like me that relying only on signature campaign payment in Bitcoin is having a hard time to play right now since the fee is insanely high.

How do you deal with this problem? Is there any casino that allows no confirmation to deposit? Let’s say I will send my Bitcoin using fee below average and then play while it’s still unconfirmed. I knew that some casino do have instant deposit but I never try depositing much lower fee to the average fee if they will still credit instantly.

Personally I don't even count this as a problem for me became what I do is just to find an alternative deposit coins which is less cost and USDT is my preferred choice even before Bitcoin when it comes to online gambling because of the volatility that surrounds Bitcoin so choosing a coin that will give you less issue is probably the best way of tackling this issue head on and I also believe that the BTC deposit option is actually quite limited to many çasino too .

[komisariatku]

How do you deal with this problem? Is there any casino that allows no confirmation to deposit? Let’s say I will send my Bitcoin using fee below average and then play while it’s still unconfirmed. I knew that some casino do have instant deposit but I never try depositing much lower fee to the average fee if they will still credit instantly.

I no longer use Bitcoin for deposits on gambling sites due to high transaction fees and long network confirmations, I prefer to use Tron. As I write this comment, the transaction fee on the mempool is about $6, which is a lot considering I only deposited about $20 or $30. Even though the increase in transaction fees on Bitcoin is only temporary, using Tron is more logical for me because the transaction fees are very cheap.

I have no experience playing on gambling sites that credit balances when Bitcoins have not been confirmed by the network. Usually the balance will be credited when my bitcoin deposit has received at least 1 network confirmation.

[Lanatsa]

How do you deal with this problem? Is there any casino that allows no confirmation to deposit? Let’s say I will send my Bitcoin using fee below average and then play while it’s still unconfirmed. I knew that some casino do have instant deposit but I never try depositing much lower fee to the average fee if they will still credit instantly.

I no longer use Bitcoin for deposits on gambling sites due to high transaction fees and long network confirmations, I prefer to use Tron. As I write this comment, the transaction fee on the mempool is about $6, which is a lot considering I only deposited about $20 or $30. Even though the increase in transaction fees on Bitcoin is only temporary, using Tron is more logical for me because the transaction fees are very cheap.

I have no experience playing on gambling sites that credit balances when Bitcoins have not been confirmed by the network. Usually the balance will be credited when my bitcoin deposit has received at least 1 network confirmation.

Tron+Doge

On times like these or even in the past on which if Bitcoins fees are already on the roof and i do really feel like to play gambling then these are the coins on which i do really consider out to play on.
Cheap fees on which it is really just that close to nothing, not also about talking about the fees but also you could really be that versatile with your bets. Why? We know that these coins are
cheap and which means that the number of coins that you are holding is really that huge in numbers on which it does really give out that chance that you could really be able to enjoy the game
because you do have a bigger balance in terms of token numbers on which it would really be that adding on the time spent when you do gamble.

It do really sucks when we are experiencing high fees specially if you are a Bitcoin user or enthusiast on which you do really love on making use of Bitcoin
alone but well we do have different conditions and scenarios that could happen in the network which it would really be resulting into this.

[Huppercase]

I think everyone notice how high the current fee right now on Bitcoin network. I’m sure player like me that relying only on signature campaign payment in Bitcoin is having a hard time to play right now since the fee is insanely high.

This should not stop you from gambling, I think there are other ways you can gamble without relying on bitcoin only and concerning your signature, I think you can use an exchange to receive your weekly payment for the time been and wait until the network is settle. Once the payments are sent out, instead of its going into your personal wallet, it will go to am exchange and then convert it to any other coin of your choice and then use it to fund casino or any betting platform that you like.

How do you deal with this problem? Is there any casino that allows no confirmation to deposit? Let’s say I will send my Bitcoin using fee below average and then play while it’s still unconfirmed. I knew that some casino do have instant deposit but I never try depositing much lower fee to the average fee if they will still credit instantly.

The fees you will pay to comfirm a transaction on bitcoin network is large enough to give you one or two wager. Why not try another coin they supports like USDT and then when you deposit it and played the game of your choice, you can convert them in the casino back to BTC. Most casinos has this I believe and you can then withdraw it out to external wallet.

[Sandra_hakeem]

I think everyone notice how high the current fee right now on Bitcoin network. I’m sure player like me that relying only on signature campaign payment in Bitcoin is having a hard time to play right now since the fee is insanely high.

That's definitely a big problem now as alot of peeps can't even redeem Thier transactions, talk more of having some to spare out on casino sites .. everyone's been made to face the effect of thw ATH.
mempool currently requires 250 - 340 sat/vbyte as their fair rate for fast confirmations... It's better you just stick to some new adjustable rules of not wagering for now, until the 300-day countdown is over.. 

[Quidat]

I think everyone notice how high the current fee right now on Bitcoin network. I’m sure player like me that relying only on signature campaign payment in Bitcoin is having a hard time to play right now since the fee is insanely high.

That's definitely a big problem now as alot of peeps can't even redeem Thier transactions, talk more of having some to spare out on casino sites ..
mempool currently requires 250 - 340 sat/vbyte as their fair rate for fast confirmations... I'm just wondering how casinos are able to cope with this high fees.. cus definitely, they'll have a decrease transaction rate.

Cope up for high fees? Im pretty much sure that when it comes to withdrawal fees then most of them are dynamic ones on which it would really be charged up into the gambler itself.
If we do speak on the number of gamblers that cant play because of the high fees then pretty sure it would really be that pertaining into those small time gamblers and i dont see
it could affect that much because if there would be those whale gamblers then it wont really be that much of an issue because paying up 20 bucks for fees wont really be that a problem.
For those who are really that casual gamblers or who are really just that spending a few bucks then this would really be an issue but casinos wont really be minding much
as long they do have those huge wagerers then it wont really be that a problem.

[Wexnident]

~

Swap to a different coin with fewer fees? I mean it doesn't really matter what coin you use, you're going to lose it all while playing anyway . That aside though legitimately just do that, then transfer whatever winnings back into Bitcoin afterward. I completely gave up on using BTC once after the fees were similar, or even more really to what we have right now. It was just too much considering I'm transferring money to spend it and I'd have to spend a quarter, a half? of what I have to move it. I've had enough of that with ETH back in the days.

[Casdinyard]

I just use a different crypto in general. Or if I don't really feel like gambling in that particular moment, I just stop playing altogether.

You can't make bitcoin's transaction fees change in the blink of an eye, so might as well work with what you can do instead of whining about what you're dealt with. If you're not comfortable paying that much fees for bitcoin, use a less congested network or maybe use the lightning network if you're too much of a bitcoin maximalist. If it can't be helped, just stop gambling altogether for that particular day, and hope and pray that tomorrow or the next time you feel like gambling, it's much cheaper. You play with the cards you're dealt with, not complain why you got a shitty hand.

[alani123]

I can understand that this is a very real issue for those that don't have the income to gamble a lot but still want to gamble a little.

So, in these cases, I think the best move would be to simply use another currency for deposits. Sadly though most casinos don't support trading your balance to another currency inside their platform. So you will have to get used with vetting with that other currency, instead of seeing Bitcoin when gambling.

[qwertyup23]

I think everyone notice how high the current fee right now on Bitcoin network. I’m sure player like me that relying only on signature campaign payment in Bitcoin is having a hard time to play right now since the fee is insanely high.

How do you deal with this problem? Is there any casino that allows no confirmation to deposit? Let’s say I will send my Bitcoin using fee below average and then play while it’s still unconfirmed. I knew that some casino do have instant deposit but I never try depositing much lower fee to the average fee if they will still credit instantly.

The best way to deal with high confirmations is to use altcoins in the process. With congested and high fees, it will surely eat up your balance as miner fees are like $10 from the last time I checked.

Swap your BTCs to any altcoins that are available in the respective gambling website and you are good to go. If you really want to gamble with BTC, then the only solution is to wait until the transaction fees lower but this will take some time given that Christmas is around the corner and the fork is coming very soon.