Casinos and gamblers are struggling with high tx fees.?

[macson]

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 🧑‍🦰

You can try to check for yourself how many players are still busy on an online gambling site even though bitcoin fees are high, anyway, only the bitcoin fee is high but the cost of sending altcoins is not high so there is nothing to worry about, especially when there are alternative options for depositing or making withdrawals on an online gambling site.  but i really wonder why there is still no exchange feature on a gambling site, i'm sure it will be a very helpful feature for gambling players who actively play.  

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[TheUltraElite]

Transaction fees have gone down again but the enthusiasm of gamblers never did inch away even a little bit. They are continuing their pursuits of high multipliers and rolls like they always have been. Like I said previously, gamblers gamble because they are in a hunt to make money with their luck. Here any obstacle to depositing money is shooed away like anything.

Also such times are temporary in the bitcoin network and for the time being altcoins came to the rescue. Eventually it settles and the players are back in order.

[Reid]

I use Bitcoin before to gamble, now I am using USDT. It's a waste of Bitcoin if we just keep on using it for withdrawals. That's a lot of money paid for the transaction fees instead of just $1 in USDT Ethereum chain. Some friends are suggesting me to use XRP instead, it's way more cheaper than USDT but I think I can manage the $1 fees. That's lower and easy to gain. I don't have any problem with XRP but I am not used at gambling using that currency, I get confused how much the money I have or lost.

[Cookdata]

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.

It's low now because the people behind the exploiting has give it a break. Wait for a month before halving and see some crazy fees around Bitcoin transaction. As long as inscription exploitation of sats on Bitcoin network bug is not fix,the crazy transaction fees aren't going anywhere, it will resume and miners will be the only people enjoying this fees because people have bitcoin to spend and wouldn't sit and allow their investment to decline.

The alternatives is are good in funding Casino but the challenges here is that people want to see their win in bitcoin. For instance, if you deposit USDT using Tron(trc20) as people are suggesting, if you want to wager, you have to wager with the amount you deposited but for casinos that has market place where you can trade, you can move your coins from casino wallet to the market place and do some trade in the casino and then move back your coins the casino wallet where you can bet using bitcoin since many people prefer to use Bitcoin to gamble and have their profits in Bitcoin.

Another challenge could be because altcoins can be seize, we have seen so many instances where USDT are seize by the company, you don't want your profits be seize by one company because they suspect your money or doesn't like the casino you use for betting, there are the problems of the alternatives.

[topbitcoin]

Yes, currently regarding the application of taxes to entertainment venues and casinos, it is increasing day by day, the same thing is happening in my country. And if the application of this tax continues to increase, this will cause something quite worrying to happen. Apart from small casinos which are threatened with going out of business, because they do not have enough capital. But it would be even more worrying if these gamblers ran to visit illegal casinos. remembering, they can no longer afford the quite expensive costs, while their desire to gamble continues to swell. And when these gamblers run to visit illegal casinos, apart from being detrimental to themselves, because these illegal casinos are very prone to cases of fraud, this will also be a loss for the state, because if legal casinos experience a drastic decline in visitors, then their income will decrease, as will tax revenues.

[YOSHIE]

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??

That's the great thing about online crypto casinos, there are many other alternatives that you can still use in the Txid activities that you use, the gambling industry currently has many crypto-type features that you can use to overcome expensive transaction costs, If Bitcoin is currently known to have high fees, we can still use others such as Tron and so on.

As far as I know and what I have seen, many of them are betting using USDT for now, maybe that way we can overcome the small losses incurred, High costs are not a reason or obstacle for those who gamble, there are many options to solve this problem.