Casinos and gamblers are struggling with high tx fees.?

[maydna]

~snip~

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.  

That's what we have experienced, and we can't do anything about it when transaction costs increase. We can only switch to altcoins if we want to gamble, which has become a good solution for those gamblers. But there is another solution that might be even better where we should be able to use this time to take a break from gambling for a while. But indeed, bitcoin and ethereum have experienced the most frequent increases in transaction fees so far.

Yes, resting is another best solution that gamblers can do. That will allow them to enjoy other things that will also be pleasure so that they don't just think about getting that pleasure from gambling. I've been resting for some time, even though I still gamble using altcoins. But I realized that by resting, I could do other things, and that was my way of diverting my mind from going back to gambling.

~snip~

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.

Yes, perhaps bitcoin costs less now. I just checked the transaction fee, and it is still around $18, which is still a high transaction fee for me. I can use altcoins with transaction fees cheaper than $18. But to change the bitcoins we have, we still have to send bitcoins to an exchange or online exchange and then send them directly to our gambling account.

People who gamble should be able to refresh their minds. But what happens is that people use gambling to make money so that instead of getting freshness of mind, they experience prolonged stress because they have been on a losing streak. That's what we have to avoid if we want to gamble comfortably.

[Tipstar]

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 🧑‍🦰

Bitcoin only casinos are nearly unuseable. The minimum transaction fees are over $10 for segwit wallets and casinos are reportedly charging upto $100 for withdrawal fees.
Crypto casinos should all switch to lightning network and other altcoins. Use of bitcoin as an utility increases the numbers of transaction creating more congestion. It would be a wiser move to embrace alts for the casinos that are bitcoin only till date. Stake and bitvest are good examples how accepting altcoins increases the userbase.

[goldkingcoiner]

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 🧑‍🦰

Any online gambling crypto casino that I know of accepts many altcoins which have fees that can be as low as a few cents. I really do not see the problem unless you are a person who only uses Bitcoin for their gambling deposits. Bitcoin was never meant as a lowest-fee currency but rather as a storage of value. I understand the current situation with Ordinal Bitcoin NFTs is complicated and has contributed to a high transaction fee, but until that situation is solved, just use trustworthy altcoins (top 10 by market cap - see coinmarketcap for more info).

[LUCKMCFLY]

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 🧑‍🦰

Any online gambling crypto casino that I know of accepts many altcoins which have fees that can be as low as a few cents. I really do not see the problem unless you are a person who only uses Bitcoin for their gambling deposits. Bitcoin was never meant as a lowest-fee currency but rather as a storage of value. I understand the current situation with Ordinal Bitcoin NFTs is complicated and has contributed to a high transaction fee, but until that situation is solved, just use trustworthy altcoins (top 10 by market cap - see coinmarketcap for more info).

You are absolutely right, it's just that sometimes people say they only have Bitcoin and there is no other way to convert it to another currency, so that's why I say that the best thing here is to put the crypto in this case Bitcoin and for the casino to give you the option. to take it or exchange it to other altcoins, because only then things can be seen in a better way, for that reason a casino like this will always be taken into consideration, something like what they call an Internal Exchange to be able to establish things well as they are as they are, then when they see something like that, people will go more to that casino, because if anyone has bitcoin, they know that if there are profits they can take it to USDT or any other altcoin, that is an advantage that now the casinos must give themselves In fact, I had seen this scenario a couple of years ago, and I have always recommended to the players to have an internal exchange, so that the players would have that option, it is much better and only then can things turn out much better.

Of course there are casinos that assume the fee and it costs them nothing for people to withdraw that money, then that is ease, it is comfort and that is what people look for in every casino, a casino that has those small details wins a lot more than they think, because that is what people are looking for, that they can win, let's say about 500usd and the withdrawal is 1 dollar and that's very good, as I said before casino like bitcasino.io where the withdrawal is assumed by the fee the casino, other casnios that are very profitable in withdrawal for example stake.com where the casino only pays 9 thousand sats, of course that is something that can be different, but things can be like that, in any case everything with Having the option to save the player money is valid, that's why I say that anything that comes close to doing things that way is good, of course we will always have the option of doing or choosing another casino, but as long as it is a casino of trust.

[madnessteat]

^

As I've said many times Bitcoin has long since moved into the category of coins for storing value rather than making payments as it is very expensive compared to other cryptocurrencies.

 How is it that they can't convert BTC to other cryptocurrencies?
 
Nowadays, there are already many exchangers that have a good reputation and work directly through telegram. In my country, such exchangers are in high demand. as they exclude interaction with KYC and AML and centralized exchanges that pass all information to state authorities.

[AmoreJaz]

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 🧑‍🦰

Any online gambling crypto casino that I know of accepts many altcoins which have fees that can be as low as a few cents. I really do not see the problem unless you are a person who only uses Bitcoin for their gambling deposits. Bitcoin was never meant as a lowest-fee currency but rather as a storage of value. I understand the current situation with Ordinal Bitcoin NFTs is complicated and has contributed to a high transaction fee, but until that situation is solved, just use trustworthy altcoins (top 10 by market cap - see coinmarketcap for more info).

that is very true, most casinos/bookies have long list of payment methods already. alts which are very cheap in fees. so why are you troubling yourself with btc only? and besides, there are so many trading platforms that you can already convert your btc to these alts, and then you can just deposit this alt to the casino. how hard is that?

just a very good example is stake.com , they have this list of crypto payment methods - BTC, ETH, LTC, DOGE, BCH, XRP, TRX, EOS, USDT, BNB, USDC, APE, BUSD, CRO, DAI, LINK, SAND, SHIB, UNI, MATIC. LTC & TRX alone will give you a very good option of using low tx fees. so why not explore other alts and you may appreciate such wide-ranging payment options?

As I've said many times Bitcoin has long since moved into the category of coins for storing value rather than making payments as it is very expensive compared to other cryptocurrencies.

 How is it that they can't convert BTC to other cryptocurrencies?
 
Nowadays, there are already many exchangers that have a good reputation and work directly through telegram. In my country, such exchangers are in high demand. as they exclude interaction with KYC and AML and centralized exchanges that pass all information to state authorities.

as we've been experiencing, btc deposits are not in any way at advantage these days. so better try out other alts. and for sure, you will appreciate the significance of these alts. and you won't bother much about high btc tx fees.

[tjtonmoy]

There are alternative ways to deal with this situation. Many casino sites have different kind of payment method which includes alternative coins. It is not necessary that you only use Bitcoin for your transactions. You can simply use other coins until this congestion get cleared. The recent transaction fee is quite low compared to some days ago. But it doesn't matter when you have alternative ways to deal with such situation.
In times of problems you can use alternative ways and that is why alternative coins were created. Go take advantage of that. It will be much easier faster and cheaper.

[LUCKMCFLY]

There are alternative ways to deal with this situation. Many casino sites have different kind of payment method which includes alternative coins. It is not necessary that you only use Bitcoin for your transactions. You can simply use other coins until this congestion get cleared. The recent transaction fee is quite low compared to some days ago. But it doesn't matter when you have alternative ways to deal with such situation.
In times of problems you can use alternative ways and that is why alternative coins were created. Go take advantage of that. It will be much easier faster and cheaper.

Of course, we all understand that, the problem is that if you play with bitcoin, and the casino doesn't have an internal exchange? what does he play? withdraw in bitcoin and that is where the casinos sometimes find it difficult to cover these transaction fees, because there are some casinos that do assume this expense, but not all of them have sufficient Capacity , some cover up to 70% and Still So things tend to look expensive, of course all this is what I would say affects how a person can do to avoid such transactions, and the idea is not to wait for the problem to be resolved or the problem, I have another solution how to continue Playing to make the fee , because only sometimes it happens that to be able to do this you lose a lot of money, since you will be risking a lot, then the prices would be out of balance even more and if the person waits and by chance the bitcoin goes up in price then the transaction is higher, unless the person assumes that 1BC=1BTC and that's it, from there they do not look at its value in fiat, and the hit is quick.

For this reason, some casinos should take the Initiative to move Quickly to solve all this , First of all to be able to Experiment with things that are more in favor of Making a less Expensive Exchange , and I don't know how Expensive it is to set up an internal exchange, since with that A large amount of money would be Moved , but internally in the casino altcoin wallets would have to be Enabled , although I Really would do Something like that in a Casino I would do it only with btc-usdt and if that works out for me it would be better and profitable, because if I see that I am going to lose a lot as a casino because it is not worth it , but it would be one of the things that can be done , I guess I sense how some or most casinos do not do it because it Means that it is somewhat Expensive , or something Maybe it's not Viable , that's what I'm assuming and that's why they don't do it, of Course I'm speculating About it.

[kotajikikox]

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 🧑‍🦰

Not sure with others but there are lots of casinos and lots of altcoins to use why only depending in Bitcoin? remember that this is about gambling in which we are playing to enjoy and win no matter what currency we are using?
good for me that i have always stocks of altcoins (not the big but enough to make me happy in gambling) so even congestion will never make me problematic to gamble.

[bakasabo]

Casinos have solved high transaction fees issue (not every casino has changed their withdrawal policy according to current fees situation) with increased fees in other altcoins. For example Bitcoin, some casinos offer slow and fast withdrawal methods. During high fees, casinos still charge $3-10 for withdrawal, while it cost $20-50 for user to make a transaction. How casinos handle that? Lets looks at BNB fees for example. It cost around 1 cent to make a transaction, when casinos charge users $0,3-1 for that.

[Blowon]

Simply put, gamblers usually use Trx to make transactions. As we know, Tron is the cheapest coin now to use for every transaction. therefore gambling sites offer several crypto options for deposits. Usually there are always Tron and Litecoin as iconic coins for cheap and fast transactions. they also provide gambling games for these two coins. I'm sure the way they cover it is with tron and litecoin, although in some transactions they still use bitcoin (if the transaction is large) but in large transactions they always rely on which coin has cheap and fast fees.

[harapan]

Are the players of the casinos not allowed to swap their coins?
You can easily swap your Bitcoin for other relatively trusted stable coins or just swap for an altcoin.
Crypto casinos have a wide range of coins for withdrawal and funding. So there's nothing wrong with swapping your Bitcoin to another coin to evade the high transaction fees.

On the forum, some campaigns that use Bitcoin as a mode of payment have switched to other altcoins, I don't know if this is per the rule of the forum but it saves them and their campaign participants more transaction fees.

This has always been my fear about ordinals.
Normally, I don't care about Ordinals, but I knew it was a matter of time before people started looking for alternative means to reduce transaction fees. This would in turn reduce Bitcoin adoption and this is my concern.

[piebeyb]

People who gamble should be able to refresh their minds. But what happens is that people use gambling to make money so that instead of getting freshness of mind, they experience prolonged stress because they have been on a losing streak. That's what we have to avoid if we want to gamble comfortably.

That only happens to poor gamblers, usually they tend to want to gamble because they want to make money, so they get a little stressed if they lose, let alone lose a lot of money, it's really sad to see them like that, gambling should be used as a place to have fun or entertainment to refresh the mind. but it actually makes the mind even more stressed because it experiences many losses from gambling itself. lol

Returning again to the discussion about expensive transaction fees, Bitcoin gamblers should take a break when they see high transaction fees on the current busy network. This could be a reason not to gamble temporarily for anyone who gambles using Bitcoin, even though there are other crypto alternatives. others that can be used for gambling and have much lower transaction fees.

[Taskford]

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 🧑‍🦰

Not sure with others but there are lots of casinos and lots of altcoins to use why only depending in Bitcoin? remember that this is about gambling in which we are playing to enjoy and win no matter what currency we are using?
good for me that i have always stocks of altcoins (not the big but enough to make me happy in gambling) so even congestion will never make me problematic to gamble.

Gamblers have a lot of choices so instead of getting frustrated with high fees they should choose other alternatives.

But if they decide to gamble using bitcoin for sure they might struggle for that and no other choice but to follow what recommended fees set by their wallet or else they will get a slow confirmation with that.

For sure same as you lots of gamblers have alternative coins to use since fees for bitcoin is much crazier since if we encounter a pump high fees comes together that's why when I game I choose those alts because if I choose to deposit bitcoin I feels like I already lost considering those fees that we need to settle.

[Hirose UK]

~snip~

Not sure with others but there are lots of casinos and lots of altcoins to use why only depending in Bitcoin? remember that this is about gambling in which we are playing to enjoy and win no matter what currency we are using?
good for me that i have always stocks of altcoins (not the big but enough to make me happy in gambling) so even congestion will never make me problematic to gamble.

You are right that there are many casinos and also many altcoins that can be used for gambling, after all, every gambler will have their own favorite currency for each use for gambling.
It just that there are lot of gamblers who still use Bitcoin for gambling because the price is experiencing an increase and when they have enough saved in their balance to gamble then that amount will also increase, this is profitable because it increases capital.
It just that because the increase in costs has more than doubled, it means we all have to pay more, most gamblers will use USDT in their currency value because the costs are very low.
When just gambling for fun we can use various altcoins that are available to use and this is the best alternative to be able to face the increasing costs that occur with Bitcoin.
Moreover, several altcoins such as USDT also have several networks which of course can avoid congestion that occurs when carrying out several transactions such as deposits or withdrawals and I personally choose USDT as an alternative but the main currency value is still Bitcoin.

[GigaBit]

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??

Mempool congestion has been great problem for all Bitcoin users. This is very embarrassing especially for those who doing small transactions. Due to the increase in transaction fees, many will conduct gambling with altcoins rather than gambling with Bitcoin. I think the gambling platform will not suffer much if they have a alternate deposit system. Every crypto-based platforms has multiple deposits system. A gambler who is willing to gamble must choose to continue his gambling under any circumstances. If he is not a small gambler then the tax fee is not an issue. I used to gamble with Bitcoin but now feel comfortable gambling with TRX as an alternative.

[maydna]

~snip~

That only happens to poor gamblers, usually they tend to want to gamble because they want to make money, so they get a little stressed if they lose, let alone lose a lot of money, it's really sad to see them like that, gambling should be used as a place to have fun or entertainment to refresh the mind. but it actually makes the mind even more stressed because it experiences many losses from gambling itself. lol

Returning again to the discussion about expensive transaction fees, Bitcoin gamblers should take a break when they see high transaction fees on the current busy network. This could be a reason not to gamble temporarily for anyone who gambles using Bitcoin, even though there are other crypto alternatives. others that can be used for gambling and have much lower transaction fees.

Yes, taking a short break is a solution that we must share with fellow gamblers so that they know that by taking a break, they can really refresh their minds and not think about gambling. They can do other things that might help them reduce their gambling activities. By resting, they can save money instead of using it for gambling to have more money to use for other things.

By resting, they also prevent losses from gambling and of course, they will not lose their money because the money has been saved for other purposes. They can go on holiday for a while to another place to reduce the tension of playing gambling previously, which will help them forget about the defeats they have received previously.

[Agbe]

Casinos also use fiat currencies and USD so gamblers can use those ones to gamble in the site. They can even convert the Bitcoin in the site to any other altcoins and withdraw and also use altcoins to deposit. And according to some of the Bitcoin experts in the forum, the ordinals that are spamming the Blockchain cannot be removed from there so tx will also become volatile like it master Bitcoin. And those who are engaged only with bitcoin still gamble with the high transaction fee.

[irhact]

There are alternative ways to deal with this situation. Many casino sites have different kind of payment method which includes alternative coins. It is not necessary that you only use Bitcoin for your transactions. You can simply use other coins until this congestion get cleared.  be much easier faster and cheaper.

You're correct and some casino that didn't have alternative options for payment are adding it to their casino due to the congestion. Stablecoin can also be used when fees are high or other altcoins that the casino that you're using is supporting. Fiat currency are also been used on most casinos therefore there are different options to use when Bitcoin network is congested. No individual is struggling with fees unless you decide not to use other options available but use only Bitcoin.

Also you don't have to make deposits every time you want to gamble, you can keep small amount of money in your gambling account so you can use it to gamble and always refill your account when the network congestion has been reduced. Bitcoin fees aren't always high, some time the network will be less congested and you can refill your casino account with the money that'll be enough for you to enjoy your games for sometime.

[dimonstration]

Casinos also use fiat currencies and USD so gamblers can use those ones to gamble in the site. They can even convert the Bitcoin in the site to any other altcoins and withdraw and also use altcoins to deposit. And according to some of the Bitcoin experts in the forum, the ordinals that are spamming the Blockchain cannot be removed from there so tx will also become volatile like it master Bitcoin. And those who are engaged only with bitcoin still gamble with the high transaction fee.

Actually that 3$ to 10$ transaction fee isn’t that a big deal for user that huge bankroll in Bitcoin because the price is increasing too in long term. He can recover that fee with just a little price movement on Bitcoin price or by winning few bets in the casino. It’s not a reason to struggle in gambling just because of high tx fee since withdrawal and deposit is not frequent on gambling unlike on trading which user often store their coins on non custodial wallet after trading.

Also some casino offers free withdrawal despite high transaction fee in Bitcoin. This makes gambling on Bitcoin still convenient but ofcourse this is not advised for low bankroll user because the fee is already significant percentage on his total bankroll. As a normal bankroll gambler, I can say that fee doesn’t affect me much.