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

[lionheart78]

How do you deal with this problem?

I am using electrum for my wallet and I deal with high fees by adjusting the fee rate, in reference to the mempool fee information and  lowering them in a state where it can be easily confirmed once the congestion of the network got resolved . 

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.

There are some casinos that have a feature of crediting deposits even without confirmation (regardless of tx fee or even when RBF is enabled) but please be informed that you also cannot withdraw your winnings if the deposit is yet to be confirmed.

[Westinhome]

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.

This was the unexpected and unacceptable one by the exchanges move in the bull run.How it allow the gambler to send their bitcoins to the gambling sites using this huge fee not an possible one.If the exchange had not reduced their fees for the longer term,this will surely impact the current gambling market.Without the deposit from the outside how the gamblers will play in the gambling sites.It will be the most difficult one to the gamblers.As we know buying the cryptocurrency in the gambling sites itself very high,So sending money from the exchanges to the gambling site will be the only option available to the gamblers.

[ralle14]

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 sometimes take advantage of instant deposits offered by a couple of casinos, and the downside is waiting indefinitely because it could take weeks or even a month before the network is back to regularly using low fees. If you always play small, this might be the best option.

The other option I go for is the exchange route. Sometimes, I would directly deposit my BTC on the casino because others have an indirect exchange system where you can withdraw a different altcoin.

[Nrcewker]

Convert your bitcoins into another altcoin. Currently the altcoin price is low only, and then send these altcoin to the casino if you want to gamble. This is only the best method possible if you ask me. There are many casinos present which allows 0 confirmation deposits, but they have some shady reputations too. So if you love your hard earned money, then avoid these types of casinos. Currently the fees are not so high, it’s still manageable according to me.

[Sanitough]

Convert your bitcoins into another altcoin. Currently the altcoin price is low only, and then send these altcoin to the casino if you want to gamble. This is only the best method possible if you ask me. There are many casinos present which allows 0 confirmation deposits, but they have some shady reputations too. So if you love your hard earned money, then avoid these types of casinos. Currently the fees are not so high, it’s still manageable according to me.

What if your bitcoin is in your wallet? Like when you are earning bitcoin, you know that when it's moved to an exchange to convert to altcoins, you'll have to pay for the transaction fee. So it's still the same; you won't get away with the high transaction fee. In my opinion, it's not wise to gamble this time. The market is very bullish, and by holding your bitcoin alone, you are already making gains—safer than gambling.

With the high transaction fee, which is around $10, small-time gamblers are going to suffer. It's not worth it, so it's better to keep it (HODL).

[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.

Tron+Doge

~snip~

Yeah, tron ​​and doge are great options to use for gambling because of their low fees and fast transactions. When making a deposit on a gambling site using Bitcoin, we have to wait at least 10 minutes for our transaction to be confirmed by the network, which is an annoying waiting time. I like bitcoin primarily as an asset, but for gambling activities I don't like bitcoin

In some cases we do have to choose the right option, I've never used Lightning so I can't comment. Apart from that, we also need transactions from Bitcoin Segwit to the Lightning network so that is not a solution but instead adds costs because the transaction is done twice. So Tron and Doge are still the best choices for gambling activities

[bitbollo]

with the fees being so high, my approach to the game definitely changes.
I am forced to decide which events to play, carefully checking the odds and also taking into account hypothetical variations while waiting for One confirmation

I could keep some fee funds at the gambling site but basically I always make a withdrawal at every session.

[|MINER|]

While gambling, there is no condition that you have to use only Bitcoin, so here you can gamble using alternative coins of your choice with low transaction difficulty. But I think even if the deposit funds are accepted at zero confirmation, confirmation is required to withdraw them. I would suggest that you use any other altcoin for gambling, in this case you can use trx as the transaction fee is low and very fast.

[danherbias07]

If you have the means to exchange it first for another coin like XRP (cheaper) then do so before deposit. But if it's in a Bitcoin-only wallet then it's all up to how much it is in fees. You could wait longer but it's a bumpy ride and you might get bored waiting just for a few thousand of satoshis difference.

You will have one more to worry about, once you win you will have another problem and that's the withdrawal fees. There are no changes in the amount of satoshis being charged but since the value of Bitcoin is growing it feels very high when converted to USD.
That's why it's best if you can exchange it first for a coin with cheaper fees because that way, in case you win you will not have a hard time withdrawing too. I mean, based on my experience, it's the wall today on why many gamblers like me won't get out yet. They might try winning that amount first so that it would feel like the gambling site to cover the withdrawal fees.

[len01]

Yes, some casino provided zero-confirmation for the balance.

However, you only can spend-it (Betting) but before the transaction is getting minimum confirmation you will cannot withdraw. I have some experience on (Roobet) with zero-confirmation, the balance credited before getting confrmation.

One another things, bitcoin fee is not really big at all. In around 1-2$ + If you using (Segwit) you can get more cheaper.

$1-2 is below average fee, i think it would take days if not weeks for it to be confirmed. the insane fee probably contributes to people holding their BTC for long term which is good too. i also use segwit and to secure confirmation would be at least $6 at least in this mycelium that i'm using.

today I tried to withdraw BTC that I saved to move to the market with a fee of $3. It took at least 20 minutes for 1 confirmation and for me this was fine, not too long.

for the OP, as long as transaction fees are high usually all gamblers choose to use other alternatives such as using altcoins with lower fees with standard speeds and usually they use stable coins like USDT or others and this alternative seems much better than being forced to use lower fees but there a risk of running out of gas fees and deposit will not arrive.

[shield132]

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's harder for me to deposit bitcoins in casino compared to withdrawals from casino because there are many casinos that let you withdraw in exchange of paying small fee, there are also some like FortuneJack that let you withdraw for free if you 2x wager your deposit. If Bitcoin is not an option for you, then try to play with altcoins, you'll save on transaction fees.
There might be some casinos that might allow you to play if you make transaction and have 0 confirmations but they won't allow you to withdraw your coins before your transaction gets 3 or 6 confirmations. If fees remain high, you might have to wait for some days or weeks until they go down.

[Strongkored]

How do you deal with this problem?

If we are quite reluctant to pay quite high fees, it is better to stop gambling for a while because high fees like now do not last long, usually no more than one week, and will return to normal and when it is normal we can go back to playing.
Because my signature campaign payment goes directly to the casino account, I can use it straight away without thinking about fees and withdrawal fees don't change at the casino, and I'm lucky enough to currently have a free bet at one of the sports betting sites so it can be used without having to make a deposit, so the fee issue is currently not a problem for me, but hoping that there is a solution to the current high fees is certainly the hope of many people because even though there are altcoins that can be used, Bitcoin lovers will of course always consider Bitcoin as the main thing to use.

Have you tried converting to at least usdt? I think most casinos have such option for deposit and you won't have the issue of high fee with stablecoin.

which is what I understand from OP's post, he/she is gambling from the signature campaign payment and payment is made via BTC then he/she will still have to pay a high fee if he/she sends it to an exchange to exchange it for USDT, so changing it to USDT will not solve the high fee problem, unless he/she has USDT and temporarily uses it to deposit to the casino.

[BitcoinTurk]

How do you deal with this problem? Is there any casino that allows no confirmation to deposit?

Yes, some crypto-based casino services allow you to instantly deposit money as the deposit is reflected and use your balance without any block confirmation. As someone who rarely uses different services because I generally prefer crypto-based casino services that I trust, unfortunately there is no service I can recommend as I have never used a service that provides such opportunities.

Generally, I take care to choose another cryptocurrency instead of Bitcoin when I gamble especially during periods when transfer fees are high. Sometimes, instead of using the Bitcoin I earned from the signature campaign I make a bank transfer as a payment method and keep my Bitcoin balance in my savings wallet. So, I take care to use all the alternatives I know to avoid using Bitcoin for gambling especially during periods when transfer fees are very high.

[Kelward]

I think everyone notice how high the current fee right now on Bitcoin network

I left the bitcoin I have on gambling site alone. If I use my weekly budget finish one day, I will pounce on it. But I have enough gambling weekly budget and I leave it alone the old bitcoin budget alone which I have transferred already to gambling site. I am using stable coins and other altcoins like litecoin and tron to gamble now. As for bitcoin, I will not use it until the mempool become decongested.

It shouldn't be a problem, so far a gambler has alternative sources of payments, other than bitcoin, it's to take advantage of stable coins and altcoins, to make deposits. Bitcoin high transaction fees is a big disadvantage for it's usage to make payments for now, due to mempool congestion. It's only advantage for now is perhaps that it's somehow compelling people to keep accumulating and  holding, so they'll have surplus to sale and make huge profit, during bull run.

[bakasabo]

Imo Bitcoin is not suitable for quick transactions in general, so it isnt correct to complain about high transactions fee on gambling. Gambling platforms always offer a bunch of other cryptocurrencies for deposit. Even with mempool being not so overloaded, I prefer not to use BTC for gambling. Because by the time transaction gets confirmed, I dont want or have free time to gamble anymore. With current situation, I would suggest to wait, for example this morning low priority transactions were about 60-70sat only. Or to use alternative cryptocurrency.

[Hirose UK]

How do you deal with this problem?

I am using electrum for my wallet and I deal with high fees by adjusting the fee rate, in reference to the mempool fee information and  lowering them in a state where it can be easily confirmed once the congestion of the network got resolved . 

This seems quite good and can be tried, but I am not an Electrum wallet user for storing any assets I own, and if I use another wallet, will this method be the same?
Due to the increase in BTC transaction costs that have occurred in recent days, I have chosen not to carry out several transaction activities, whether deposits or withdrawals, and for gambling, it might be better to reduce them until the costs can actually return to normal.

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.

There are some casinos that have a feature of crediting deposits even without confirmation (regardless of tx fee or even when RBF is enabled) but please be informed that you also cannot withdraw your winnings if the deposit is yet to be confirmed.

Where? what is this casino because so far I have never found casino that has deposit transactions without confirmation?
But isn't that the same because we can make deposit without confirmation and can use the balance to play but to withdraw we need to wait for the confirmation to be completed and this means that it is the same as requiring confirmation to be able to play comfortably.

[ethereumhunter]

If that happens for a long time, maybe I will use altcoins as I did when bitcoin transactions increased some time ago. But there are times when I decide to take a break from gambling for a while because the transaction fees are still high and I'm also too lazy to convert my bitcoins to altcoins. Everything depends on the situation and conditions and most importantly, it depends on my desire to gamble now or later. Moreover, I don't gamble too often, so by taking a break, I don't have any significant problems.

[cabron]

If that happens for a long time, maybe I will use altcoins as I did when bitcoin transactions increased some time ago. But there are times when I decide to take a break from gambling for a while because the transaction fees are still high and I'm also too lazy to convert my bitcoins to altcoins. Everything depends on the situation and conditions and most importantly, it depends on my desire to gamble now or later. Moreover, I don't gamble too often, so by taking a break, I don't have any significant problems.

It's what I did. USDT BEP20 fee is just $0.50 and it's faster than every altcoin I know that's how I deal with bloated transaction fees and the miners are just picking which transaction they are going to mine. Even if you keep broadcasting the transaction it's gonna be ignored when the fee is just not incentivizing them.

This is why there should have been an internal exchange in the casinos in case you wanted to withdraw a stablecoin instead of BTC which could also take hours.
Good to know they credit the BTC without the confirmation yet.

[Webetcoins]

I think everyone notice how high the current fee right now on Bitcoin network

I left the bitcoin I have on gambling site alone. If I use my weekly budget finish one day, I will pounce on it. But I have enough gambling weekly budget and I leave it alone the old bitcoin budget alone which I have transferred already to gambling site. I am using stable coins and other altcoins like litecoin and tron to gamble now. As for bitcoin, I will not use it until the mempool become decongested.

It shouldn't be a problem, so far a gambler has alternative sources of payments, other than bitcoin, it's to take advantage of stable coins and altcoins, to make deposits. Bitcoin high transaction fees is a big disadvantage for it's usage to make payments for now, due to mempool congestion. It's only advantage for now is perhaps that it's somehow compelling people to keep accumulating and  holding, so they'll have surplus to sale and make huge profit, during bull run.

I would suggest the same thing to anyone any day, to use other cryptocurrencies for gambling activities, to pay lower fees, and also to have faster transaction confirmation times when compared to larger cryptocurrencies such as Bitcoin or Ethereum. In times like these when fees are touching the sky, it's best to use stablecoins or cryptocurrencies that charge very low transaction fees so that one doesn't face problems with transaction confirmation in case they can't afford to pay a lot of money in fees.

I also keep wondering why people use Bitcoin for their gambling activities even during bull runs when they can see that the price of Bitcoin and all cryptocurrencies are on the rise and if they lose their Bitcoin in such a time, they will regret their decision later when the price of Bitcoin reaches a higher point.

[coin-investor]

I think everyone noticed,  how high the current fee is right now on the Bitcoin network. I’m sure a player like me who relies only on signature campaign payment in Bitcoin is having a hard time playing right now since the fee is insanely high.

I never use Bitcoin when playing when my transaction will incur huge fees it's not economical I'm using Tron and Dogecoin this is one of the reasons why casino accepts altcoins in case there is heavy congestion in the Bitcoin blockchain, some gamblers who prefer to play on Bitcoin prefer to just wait for the traffic to decongest.
I think every time there is heavy congestion in the blockchain there is a significant drop in gamblers' activity, I have friends who prefer to wait it out before depositing, they are not comfortable playing with altcoins even though the fee is very low.

But who knows in the future casinos will employ internal exchanges where you can deposit altcoins and convert them it Bitcoin so you can play with Bitcoin, there could be a big demand for this if there is always traffic in the blockchain.