Casinos and gamblers are struggling with high tx fees.?

[Saint-loup]

This is the third thread that is about high transaction fee on this board in just one week. If anyone can not use bitcoin this time because of high transaction fee, gambling sites are supporting other coins like litecoin, tron, USDT and few others which gamblers can use instead.

Some gambling sites like rollbit and bc.game are also supporting lightning network which are of low transaction fee. No gambler will get motivated with high transaction fee.

I know bc.game is offering an option for Bitcoin deposits through the Lightning Network but I wasn't aware of that for Rollbit. I have an account there, but I don't find how to access this feature, in addition I don't find any information about it on internet. So are you sure about that for Rollbit? It's maybe an early option only available to some users or countries for now, if you are not mistaken though, but I don't think it's available for everybody at least.

[Ever-young]

I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 1^1/3 of the usual influx.
do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

There are so far alternatives to avoid paying high transaction fees now, either by crypto gamblers or other Bitcoin users. Users and gamblers can either employ the use of Lightening Network which makes Bitcoin transactions faster and cheaper, or they could still continue their gambling with the use of other crypto assets such as the USDT and others which do not require huge tx fees to transact with.

[bitcampaign]

The recent increase in Bitcoin transaction fees is very disturbing. It is better to avoid transactions using Bitcoin and always check transaction fees before making transactions using Bitcoin, in fact there are many other crypto options for making deposits or withdrawals on gambling sites. However, it will take a little time and effort if we have to exchange it to another crypto.

I wonder why Bitcoin gamblers still exist today, are they rich enough to carry out transactions there, Bitcoin deposits are very high at the moment and I think there are many crypto options in casinos that can be used, especially with very cheap transaction fees, I think Bitcoin is only used as an investment but apparently there are still people who use it for gambling. It's a bit confusing whether rich gamblers use Bitcoin to gamble, if they are rich, they shouldn't mind transaction fees either.

[lombok]

The recent increase in Bitcoin transaction fees is very disturbing. It is better to avoid transactions using Bitcoin and always check transaction fees before making transactions using Bitcoin, in fact there are many other crypto options for making deposits or withdrawals on gambling sites. However, it will take a little time and effort if we have to exchange it to another crypto.

I wonder why Bitcoin gamblers still exist today, are they rich enough to carry out transactions there, Bitcoin deposits are very high at the moment and I think there are many crypto options in casinos that can be used, especially with very cheap transaction fees, I think Bitcoin is only used as an investment but apparently there are still people who use it for gambling. It's a bit confusing whether rich gamblers use Bitcoin to gamble, if they are rich, they shouldn't mind transaction fees either.

A little guessing 🤔. Maybe Bitcoin gamblers only have Bitcoin to play with, and feel reluctant to exchange to other cryptocurrencies. There are other goals, such as if you experience victory, the results obtained are also directly in the form of Bitcoin. Or maybe as you say, they are rich people and don't care about fees. It's better to bear the fees and remain anonymous and comfortable and not have to worry about having to exchange all kinds of coins.

[Strongkored]

do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

Nowadays fees have decreased and with around $2-$3 for transaction fees I think only small gamblers will mind the fees but for those who usually make deposits above $500 I think it's only a small part.
Players can use other alternatives such as stablecoins or other coins which have quite cheap transaction fees and are also quickly confirmed.
For players who only have Bitcoin and are reluctant to spend money on fees that are considered quite high, they will benefit by slightly reducing their gambling activity, but active gamblers will always have a way to fund their casino account even if the network does not improve.

[_act_]

A little guessing . Maybe Bitcoin gamblers only have Bitcoin to play with, and feel reluctant to exchange to other cryptocurrencies. There are other goals, such as if you experience victory, the results obtained are also directly in the form of Bitcoin. Or maybe as you say, they are rich people and don't care about fees. It's better to bear the fees and remain anonymous and comfortable and not have to worry about having to exchange all kinds of coins.

This can be very true. There are still no KYC gambling sites. But they are centralized gambling sites aside the Web3 gambling sites. Which means they can be force to do KYC at anytime by submitting their identity documents. All gamblers should know that.

It is also good to know that the fee is not much recently. It it is expensive during the week days, it went less expensive during the weekend and it went down to $2. Gamblers can wait until it is weekend to fund their gambling account.

[PokerBetting]

if sending fee transaction is high is good play in gambling site use centralized gambling site
because sending only once if different use decentralzed gambling every play must pay sending
another option use coin low price and low sending fee example tron or doge

[Pierre 2]

I feel like we are sort of forced to play at centralized casinos to avoid high fees nowadays. I wish Bitcoin developers could come up with better solutions to high fees cause these are %100 disrupting crypto businesses too. I think there are no better solution other than gambling with doge and completely avoid Bitcoin and/or Ethereum blockchains. 10-15 dollar fee is ridiculously expensive just to gamble couple of times daily.

[0t3p0t]

Easiest answer is: they convert to other coins that doesn't have as much fees as bitcoin in current times. This is the only solution that I see is viable for people and gambling platforms to continue transacting without shouldering the cost that each transaction entails. Also, you could be right that they are offsetting the overall expenses they are incurring with the fees with something else, such as other profit funnels that they have established.

Exactly. Some crypto casinos I think has options to convert to other coins like Doge, Dash or other crypto that has a lesser transaction fee than Bitcoin. Not only online casino gamblers suffer this kind of thing but also traders. I don't think gamblers mind the fees, they maybe thinking of something like winning or some kind of strategy to beat the odds. 😁

[maydna]

Exactly. Some crypto casinos I think has options to convert to other coins like Doge, Dash or other crypto that has a lesser transaction fee than Bitcoin. Not only online casino gamblers suffer this kind of thing but also traders. I don't think gamblers mind the fees, they maybe thinking of something like winning or some kind of strategy to beat the odds. 😁

Converting bitcoin to other coins is a solution so that gamblers can continue gambling and don't have to think about high transaction fees. By using other coins, they can save on transaction costs, and they can immediately gamble with coins. Big gamblers won't really mind the cost, but for those of us who are just small gamblers, we will choose to use other coins to gamble. I also use other coins like TRX, LTC, or even USDT because of their low transaction fees. But to respond to this situation of high transaction costs, I prefer to take a break from gambling and enjoy my free time by doing other things until the transaction costs decrease and return to normal.

[Yaunfitda]

Exactly. Some crypto casinos I think has options to convert to other coins like Doge, Dash or other crypto that has a lesser transaction fee than Bitcoin. Not only online casino gamblers suffer this kind of thing but also traders. I don't think gamblers mind the fees, they maybe thinking of something like winning or some kind of strategy to beat the odds. 😁

Converting bitcoin to other coins is a solution so that gamblers can continue gambling and don't have to think about high transaction fees. By using other coins, they can save on transaction costs, and they can immediately gamble with coins. Big gamblers won't really mind the cost, but for those of us who are just small gamblers, we will choose to use other coins to gamble. I also use other coins like TRX, LTC, or even USDT because of their low transaction fees. But to respond to this situation of high transaction costs, I prefer to take a break from gambling and enjoy my free time by doing other things until the transaction costs decrease and return to normal.

Yes, it's really a struggle for us to really used bitcoin for our gambling as the fees are so high, although it has settled a bit, but there are days that it will shoot up to more than 400 sat/vB and it will hurt us.

So converting to altcoins or stable coins, or even just used local betting site and use our local fiat just to continue with our gambling. For now that's my option, not touching any crypto for the meantime and just withdraw if necessary so that I wouldn't be affected by this huge fees.

[Latviand]

They're probably fine with it and it's not like you can't set how much tx fees you're going to pay for a transaction so casinos are probably doing just fine and players can just switch to using other crypto with a lower tx fees to prolong and sustain their gambling habit, it's unlikely for a lot of hardcore and some casual gamblers to stop due to high tx fees so I don't see any struggle maybe a little down on the number of players but there's still some consistency in my opinion in players that are active.

[TheUltraElite]

players can just switch to using other crypto with a lower tx fees to prolong and sustain their gambling habit,....

The gambling habit is what drives the roadblocks away. Many sites have learnt how to cope up with increased fees. They will pre-credit your account from their wallet with a 1% fee - more money for them obviously.

In either case, altcoins exist to come to rescue for the addicted gamblers during such times and casinos rarely see much drop in traffic as the increased fees start becoming consistent over a week or so.

It is not another example of how addictive gambling can be.

[maydna]

~snip~

Yes, it's really a struggle for us to really used bitcoin for our gambling as the fees are so high, although it has settled a bit, but there are days that it will shoot up to more than 400 sat/vB and it will hurt us.

So converting to altcoins or stable coins, or even just used local betting site and use our local fiat just to continue with our gambling. For now that's my option, not touching any crypto for the meantime and just withdraw if necessary so that I wouldn't be affected by this huge fees.

I have reduced my gambling activities after bitcoin transaction fees increased very high. I tried to convert my bitcoins to altcoins or stablecoins, as you said, and it helped me reduce the transaction costs. Many altcoins still do not charge high transaction fees, so altcoins can be an option for gamblers who still want to gamble.

But those who still want to use bitcoin as a coin for betting can do so as long as they can accept the high transaction fees. But it would be even better if they could take a break from the current high transaction costs so they can refresh their minds from gambling.

[KTChampions]

I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 1^1/3 of the usual influx.
do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

I’m not at all sure that Bitcoin makes up a significant part of the turnover of crypto casinos. People choose faster and cheaper options even with “regular” commissions, but in the current environment, using Bitcoin is crazy (unless of course you are a high roller and the commission is a tiny fraction of your stake). It’s high time to come to terms with the fact that Bitcoin no longer satisfies the goals (part of them) for which it was created, “fast and cheap payments on the Internet”.

[piebeyb]

But those who still want to use bitcoin as a coin for betting can do so as long as they can accept the high transaction fees. But it would be even better if they could take a break from the current high transaction costs so they can refresh their minds from gambling.

High prices and high transaction costs are certainly a problem for bitcoin gamblers, so far I have switched to other crypto payments which have cheaper transaction costs compared to using bitcoin, I think bitcoin and ethereum have no solution on how to overcome this problem of high transaction costs , to this day both networks are often very busy. each casino should be able to provide other alternative payments to solve this problem.

I probably won't think long about gambling when transaction costs are expensive, I will switch and won't wait for time to relax, let alone take a break, because when I want to gamble I have to gamble right there without having to wait for bitcoin transaction costs to become cheaper, after all, there are also casinos. which provides crypto exchange for bitcoin so it is also easier to use the alternative then convert to bitcoin, I think the casinos have made it easier now.  

[Jawhead999]

But those who still want to use bitcoin as a coin for betting can do so as long as they can accept the high transaction fees. But it would be even better if they could take a break from the current high transaction costs so they can refresh their minds from gambling.

Right now Bitcoin fee is cheaper, it was not as cheap as before ordinal spams, but at least it won't really hurt you. If someone only have Bitcoin, now it's a good way for them to convert some of their Bitcoin to Altcoins that only used to gamble.

Actually people are gambling to refresh their minds, gambling isn't a must activity, anyone can gamble whenever they want and whenever they can.

[Wakate]

I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 1^1/3 of the usual influx.
do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

There are so far alternatives to avoid paying high transaction fees now, either by crypto gamblers or other Bitcoin users. Users and gamblers can either employ the use of Lightening Network which makes Bitcoin transactions faster and cheaper, or they could still continue their gambling with the use of other crypto assets such as the USDT and others which do not require huge tx fees to transact with.

With the nature of the transaction fee recently, I don't think many gamblers would want to opt in to using Bitcoin to fund there account because of the high transaction fee. I think many of us are now switching to using usdt on different exchange to convert our Bitcoin to something batter for now so that the transaction fee would not be too much to handle. Many of us that have stock if Bitcoin in our portfolio and want to gambler are facing the challenges of paying more just to fund our different accounts to be used to bet on different gambling platforms. We have no choice than to keep using Bitcoin for those of us that have only Bitcoin in our portfolios.

[SmartGold01]

I don't think that will affect most casinos because they have options to make deposit with altcoin so most of the gambler would prefer converting their bitcoin to other network that is more free and faster in confirmation than using bitcoin, including withdrawal they may prefer using another network to make withdrawal which can be more faster and smarter except such person is not in haste to receive his withdrawn amount and most likely some of the casino might have adjusted their fee's to quickly suite the current challenges of network confirmation.

[carlfebz2]

I'm just wondering how crypto casinos are able to cope with this high Tx fees.. cus definitely, they'll have a decreased transaction rate.. anyways, I understand the fact that they've got so many ways to cover up whatsoever.. maybe digital sales? Etc.. that'd also equat atleast 1^1/3 of the usual influx.
do people still gamble with these high tx fees? Is the current congestion in the mempool a motivation to some set of gamblers? that they might likely get fortunate since alot of gamblers won't wanna evade the high fees??

Sandra 🧑‍🦰

There are so far alternatives to avoid paying high transaction fees now, either by crypto gamblers or other Bitcoin users. Users and gamblers can either employ the use of Lightening Network which makes Bitcoin transactions faster and cheaper, or they could still continue their gambling with the use of other crypto assets such as the USDT and others which do not require huge tx fees to transact with.

With the nature of the transaction fee recently, I don't think many gamblers would want to opt in to using Bitcoin to fund there account because of the high transaction fee. I think many of us are now switching to using usdt on different exchange to convert our Bitcoin to something batter for now so that the transaction fee would not be too much to handle. Many of us that have stock if Bitcoin in our portfolio and want to gambler are facing the challenges of paying more just to fund our different accounts to be used to bet on different gambling platforms. We have no choice than to keep using Bitcoin for those of us that have only Bitcoin in our portfolios.

Depends actually into your financial capacity since not all would really be that equal in terms of financial status on which there are ones who do mind much about fees and there are ones who dont really care.
Whats $20 if you do have tens or hundreds of thousands when it comes to your funding? Pretty sure that it would really be just that peanuts but well i do agree that with the current fee that we do have today then this isnt really just that affecting those gamblers but also into those who do want to trade up or into those people who do actively making up transactions on chain.Somewhat the current price
of fee now is already going low although it might not be into those normal levels but at least we are seeing that it is really that gradually be going lower.

Its been a few weeks that we are experiencing those high fees that even making some small transactions cant really be possible or would really be making you hesitate due to high fees.
For those who do mind about $20 fee then it cant be avoided for you to be stagnant.