Gambling sites and current transactions fee

[kenshi222]

If transactions are stuck, it will be difficult to use bitcoin, especially when there is a moment when the price of bitcoin rises drastically, of course transactions will be very full and fill the network, it seems difficult to transport all transactions quickly into a block until it is finally confirmed who is using higher transaction fees. large will be more easily confirmed than those who use lower costs, which is clearly difficult. The only way is to look for other alternatives

The transaction fee of the bitcoin was raised most of the time due to the traffic in the transaction because of the demand of the bitcoin in the market.The bull run causes the demand of the bitcoin in the market,most of the experienced people use to sell the bitcoin at the bull run.Till that they will hold the bitcoin for the future,my concern is just hold the bitcoin at the gambling site.Because you can use the bitcoin for the gambling when you feel good luck in the real life to mage the transaction fee for the deposit to gambling site for many times.

That's what I'm doing now looking for a casino site that uses stablecoins such as USDT or USDC using the BNB BSC or Polygon network which has relatively cheap transaction fees so I don't have to wait too long for my transaction to be confirmed by the bitcoin network, if I'm not mistaken it was several months ago I never use bitcoin for gambling anymore, because I prefer to use stablecoin for now, because I don't really like wasting money on large transaction fees rather than using money for transaction fees, say around $20, I'd rather use it for gambling. 

The most of the casino site uses the stable coin for the mode of the transaction,So it help you to make use of the holding crypto currency for the gambling game,we no need to buy the senate coin for the transaction of the gambling site.The transaction fee for the USDT with the Binance smart chain network was low compared to bitcoin.

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[Crypt0Gore]

It's not a must to transaction using Bitcoin, it will be stupid if a online casino today only accept Bitcoin for gambling purposes.

There is nothing anyone can do about high transaction fee of Bitcoin, there will be time when it will be fair, like presently, and there will be times where it won't.

You can opt for Tron USDT or other, LTC and Doge coin are cheap alternatives too, and I believe that many online casinos are now accepting many digital currencies, I still prefer Tron more than anything else, it's the number one on my list for gambling reasons.

[Z_MBFM]

Now the gambling site was in the trouble because of the high transaction fee by the exchanges like the Binance.It was unacceptable one for the gambler to pay 26 dollars to withdraw funds from the Binance.Being a gambler,my opinion is to hold till the money in the exchange itself.Surely we get the profit from the gambling site,if we follow some techniques in the gambling site.But my point is why we need to pay the exchange fee of 26 dollars for the single transaction.

Bitcoin transaction fees go up and down depending on transaction traffic, so centralized platforms set a high amount of fees so that they don't lose even if the fees are high. Because of this you have to accept the high withdrawal fees of Bitcoin  But if you want to do small amount of dollar transactions then it is better to avoid your bitcoins. And as an alternative you can gamble using TRX, BNB, their withdrawal fees are very low and withdrawal and deposit are also very fast.

[BenCodie]

Some gambling platforms might have the ability for you to swap to a more viable alternative, like Ethereum or Litecoin. Both of these currently have very reasonable fees, especially Litecoin, where the fee is still fractions of cents.

If the ability to swap is not there and you aren't itching to move elsewhere, the best thing you can do to save yourself from burning money is to wait for fees to come back down. Otherwise, the only options is to accept the withdrawal fee and be on your way...do note however, that if you are moving to a wallet, you will have to pay the fee yet again to be able to move it elsewhere. So the most ideal solution if you need to transact often is to get it into another cryptocurrency.

But the deposit fee for the bitcoin from the exchange is still high like 7-8$ per transaction.Many gambling sites doesn’t provide the swap of coins,but the exchange had provide the same.

There are deposit fees on casinos now? Kind of makes sense since all deposits need to be moved after being deposited to your account so I suppose you're paying that fee. Though wow, deposit fees...first I've heard of it.

Some gambling platforms might have the ability for you to swap to a more viable alternative, like Ethereum or Litecoin. Both of these currently have very reasonable fees, especially Litecoin, where the fee is still fractions of cents.

If the ability to swap is not there and you aren't itching to move elsewhere, the best thing you can do to save yourself from burning money is to wait for fees to come back down. Otherwise, the only options is to accept the withdrawal fee and be on your way...do note however, that if you are moving to a wallet, you will have to pay the fee yet again to be able to move it elsewhere. So the most ideal solution if you need to transact often is to get it into another cryptocurrency.

The gambler should learn to hold the coin in the exchange which he get from the income or which he used to save for the future.Many people use to hold the money in the exchange my opinion is better to save in the gambling site which you had feel safe to hold the money.Because the transaction fee ftom the gambling site is nearly 3 times lesser than exchange transaction fee.

Holding in an exchange is dangerous. You are subject to any difficulties that the business has, your account is always vulnerable to macro breaches/hacks or isolated attacks on you, and there is generally no way to maintain privacy (if that matters to you).

A gambler, or anyone else for that matter, should be using self-custodual wallets for storage. That is the best way to store Bitcoin and also get closest to the lowest fee rate for future transactions.

[stomachgrowls]

Now the gambling site was in the trouble because of the high transaction fee by the exchanges like the Binance.It was unacceptable one for the gambler to pay 26 dollars to withdraw funds from the Binance.Being a gambler,my opinion is to hold till the money in the exchange itself.Surely we get the profit from the gambling site,if we follow some techniques in the gambling site.But my point is why we need to pay the exchange fee of 26 dollars for the single transaction.

Bitcoin transaction fees go up and down depending on transaction traffic, so centralized platforms set a high amount of fees so that they don't lose even if the fees are high. Because of this you have to accept the high withdrawal fees of Bitcoin  But if you want to do small amount of dollar transactions then it is better to avoid your bitcoins. And as an alternative you can gamble using TRX, BNB, their withdrawal fees are very low and withdrawal and deposit are also very fast.

So far with my own awareness, i didnt see those platforms who do offer free fee or transaction on which most of them would really be requiring such fee. They cant just give out for free specially that there are moments on which network fees are on the rooftop on which it would really be causing up that huge expense on their part if they would really be planning on having those free things.
Usually on the sites that i've been dealing with is that they do have those dynamic fees on which it would really be deducted into your withdrawal amount as usual which it would really be basing up on the network
condition on which this is something that would be that on standard.On side note, i have seen some platforms too on which they do really have that static or fixed fee which do really sucks
specially if Bitcoin or those altcoin amounts is already up high in price which it would go along side with your fees as well.

[maydna]

That's what I'm doing now looking for a casino site that uses stablecoins such as USDT or USDC using the BNB BSC or Polygon network which has relatively cheap transaction fees so I don't have to wait too long for my transaction to be confirmed by the bitcoin network, if I'm not mistaken it was several months ago I never use bitcoin for gambling anymore, because I prefer to use stablecoin for now, because I don't really like wasting money on large transaction fees rather than using money for transaction fees, say around $20, I'd rather use it for gambling. 

The most of the casino site uses the stable coin for the mode of the transaction,So it help you to make use of the holding crypto currency for the gambling game,we no need to buy the senate coin for the transaction of the gambling site.The transaction fee for the USDT with the Binance smart chain network was low compared to bitcoin.

And it has become an option for many gamblers when transaction fees on the Bitcoin network rise. Yes, I also felt the increase in transaction fees and moved to use a stablecoin that uses the Binance network. That saves transaction costs, so we can send the money to the casino site we want.

When the transaction costs of bitcoin can decrease drastically, gamblers can choose to continue using stablecoins or bitcoin. Of course, gamblers will choose which coins make them comfortable when gambling. We prefer to move to other coins when bitcoin transaction costs rise high. But it's better when bitcoin transaction costs rise high, we can take a break from gambling first to avoid losing money and also the problem of gambling addiction.

[Belarge]

It's not a must to transaction using Bitcoin, it will be stupid if a online casino today only accept Bitcoin for gambling purposes.

There is nothing anyone can do about high transaction fee of Bitcoin, there will be time when it will be fair, like presently, and there will be times where it won't.

You can opt for Tron USDT or other, LTC and Doge coin are cheap alternatives too, and I believe that many online casinos are now accepting many digital currencies, I still prefer Tron more than anything else, it's the number one on my list for gambling reasons.

Accepting Bitcoin for gambling transfer, ofcourse its good. Bitcoin is one of the fastest growing projects in cryptocurrency, we know how this particular project this season operates, I'm nit hoing to be making good emphasis. I've bagged most significant dice. Always stick to doing what you feel is important and encouraging for one's self. Don't be in a rush to understand most of your targets because the best is results are yet to come. Using bitcoin as a means of payment doesn't prove anytime to the public, because everything players smoothly.

[SeaCoinCollector.]

It's understandable yet frustrating for gamblers who want to withdraw their funds. I think it's better to hold onto funds until the transaction fees become more reasonable. But still, it's up to someone's decision, yet it's important to ensure that your funds are secure. May depend on the market conditions and network congestion. Should always stay informed and make decisions.

[TravelMug]

It's understandable yet frustrating for gamblers who want to withdraw their funds. I think it's better to hold onto funds until the transaction fees become more reasonable. But still, it's up to someone's decision, yet it's important to ensure that your funds are secure. May depend on the market conditions and network congestion. Should always stay informed and make decisions.

Looking at the mempool though, it somewhat goes down, it's not on the 20 sat/vB for highest transaction, at least not that 200 - 400 sat/vB that we have seen in the last couple of months. Just look at the mempool and you will be informed as it is a good site to really check the current transaction fees. Although we have a lot of options that is much cheaper with most altcoins. But still though, BTC is the first used case of gambling and so for us who are used to it, then it's better to stick with what we known for. And I think online crypto base platform as well knows the dilemma and they could have adjust the fees themselves depending on the current state of the network.