Gambling sites and current transactions fee

[kenshi222]

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.

My decision may be seems revolutionary one,but the fact is the same transaction fee will be reduced when the market back to the bear standard.The bull run give huge dollars to the trader who hold from the 31k market price of the bitcoin.I had some arguments with my friends with whom we meet on every weekend.They also had the opinion of hold their money in the exchange till the market fee back to the normal one.So what your standard for the current transaction fee of bitcoin.

[1714307442]

1714307442

[1714307442]

1714307442

[1714307442]

1714307442

[1714307442]

1714307442

[1714307442]

1714307442

[Oshosondy]

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.

Binance is charging fee on bitcoin transaction excessively. They are really using it to make money for their own pockets.

My decision may be seems revolutionary one,but the fact is the same transaction fee will be reduced when the market back to the bear standard.The bull run give huge dollars to the trader who hold from the 31k market price of the bitcoin.I had some arguments with my friends with whom we meet on every weekend.They also had the opinion of hold their money in the exchange till the market fee back to the normal one.So what your standard for the current transaction fee of bitcoin.

If it is small amount of money, move it using a lightning network. The fee is cheap.

[TurboMen]

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.

My decision may be seems revolutionary one,but the fact is the same transaction fee will be reduced when the market back to the bear standard.The bull run give huge dollars to the trader who hold from the 31k market price of the bitcoin.I had some arguments with my friends with whom we meet on every weekend.They also had the opinion of hold their money in the exchange till the market fee back to the normal one.So what your standard for the current transaction fee of bitcoin.

It was not expected at this time,because I had a different plan in this bull market.If I had multiple the cryptocurrency in the gambling site,then I will get more dollars with the bull run.But the same was backfire now,So holding will be the better option as like you stated.If the gambler ready to pay the fee and manage the same from the gambling site profit can do the transaction now.

But to take risk,you should have steady profits from the gambling site.Or else it will be the complete loss in the gambling site and loss posses due to the transaction fee.It leads to two loss for playing the gambling which make the gamblers to get additional loans from their friends.We know the stand for our friends on the loans for the gambling,they never give us loss for the gambling.It leads to the gamblers to bankrupt due to their decisions of playing gambling at this high transaction fee which prevails in the current market.

[kenshi222]

This is about Binance, which is not a gambling site but an exchange. This topic should be moved to exchanges.

This thread is not fully based on the exchange,it was described about the impact of the current transaction fee on the gambling site.Since it was based on the gambling site transaction,I think this will be exact location to discuss about it and it was my recent experience in the gambling site.This was not my situation being the gambler,it was the same situation faced by my all of the gambler friends.We should wait for the market fees to settle down to deposit in our gambling site.

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.

Binance is charging fee on bitcoin transaction excessively. They are really using it to make money for their own pockets.

It was their own decision to get some dollars from their user at this bull run.But it had impact to the gamblers who only use the exchange for the deposit of the money to the gambling site.Because even the best gambling site had high fees to buy crypto using our credit cards.This was the important reason the gamblers to buy their crypto coins in the binance and then send the same to the gambling sites.We hope the transaction fee will back to normal in few weeks.So the gamblers should have some patience for their further transactions to the gambling sites.

[FinePoine0]

The current Bitcoin price is only a small bullrun due to Bitcoin's high transaction fees which surprises everyone. If such a transaction fee (small holders/owners of small amount of bitcoins will definitely be vulnerable here). Some time ago the Bitcoin transaction mempool was much larger. We cannot afford transactions with such high fees. Small gamblers in particular are currently at risk because dollars cannot be transferred elsewhere. Almost everyone is at risk because of the current high fees, which is currently the biggest barrier.

[kotajikikox]

This is the reason why I always keep gambling funds inside my gambling site accounts , yeah I leave small funds in each casino that I love to play being ready for this kind of situation .i have learned this many time before and yes now I know how to manage congested market.
so this may be lessons for those who loves to gamble when they have time to try let your small funds inside the site(of course like investing only the amount you can afford to lose) so you have multiple target , to have gambling funds ready? or to use as Holding amount.

[len01]

bullrun always have a bad impact with high fees and lower class gamblers will complain about this, even I also felt the impact of the increase in BTC fees. but there are always other alternatives and this fee increase will not discourage gamblers because there are many alternatives to continue gambling with lower fees.
and gambling sites may not be able to do anything because this is the impact of the upcoming bullishness so gambling sites can only follow the costs of the current BTC price and we as gamblers have to make a little effort to find the cheapest alternative.

[komisariatku]

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.

I think there is no problem if we want to make a deposit to a gambling site if we already have bitcoin on Binance. We just exchange it for Tron or Doge and we can deposit to the gambling site at a low cost. If the bitcoin we have is still in the Electrum wallet, that is a problem because we don't have the option to exchange it for altcoins, so inevitably we have to pay high fees if we want to deposit to a gambling site.

[Jawhead999]

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.

The first thing is why you hold your coins in centralized exchange.

The second is gambling will not always make you earn.

And the third is, even you send your coins from non custodial wallet where you can customize your own fee to make it cheaper, do you think withdrawing your coins from casino is free? only few casinos offer free withdrawal.

[0t3p0t]

Well, I think the best thing to do here is to wait and hodl if you had no other choice like Altcoins that offers cheaper transaction fees. For me, Doge, XRP and Shiba Inu has direct support from our local e-wallets though I am not sure if these coins are supported by the gambling site because most of the time they only accept Bitcoin.

[alastantiger]

My decision may be seems revolutionary one, but the fact is the same transaction fee will be reduced when the market back to the bear standard. The bull run give huge dollars to the trader who hold from the 31k market price of the bitcoin. I had some arguments with my friends with whom we meet on every weekend. They also had the opinion of hold their money in the exchange till the market fee back to the normal one. So what your standard for the current transaction fee of bitcoin.

I like the opinion of your friends. This is the most logical thing to do. Another thing you can do if you use a softwallet like bluewallet is to monitor the times when there is low activity on the network like towards the midnight and early in the mornings. You can take advantage of those times. Have you thought of using other substitute of bitcoins that has very low transaction fee. There are no consequences to using them as long as they accepted by the casino.

[Helena Yu]

The first thing that I don't understand is, why you sounds like Bitcoin is the only one cryptocurrency that can be used to gamble? there are a lot cryptocurrency out there with cheap transactions fee, TRX is one of the example where you can send the coins without any fee as long as you stake some TRX in your wallet.

[_act_]

This is the reason why I always keep gambling funds inside my gambling site accounts , yeah I leave small funds in each casino that I love to play being ready for this kind of situation .i have learned this many time before and yes now I know how to manage congested market.
so this may be lessons for those who loves to gamble when they have time to try let your small funds inside the site(of course like investing only the amount you can afford to lose) so you have multiple target , to have gambling funds ready? or to use as Holding amount.

But let us be truthful because gamblers are most likely to add more funds to their gambling account as the old funds is exhausted and gone. Are you sure that your gambling funds on the gambling sites are not used up and you will want to add more funds? Gamblers will just prefer to use altcoins this time because they still and always have cheap transaction fee. As my coins has been used up with losses, I have been using altcoins instead.

The first thing that I don't understand is, why you sounds like Bitcoin is the only one cryptocurrency that can be used to gamble? there are a lot cryptocurrency out there with cheap transactions fee, TRX is one of the example where you can send the coins without any fee as long as you stake some TRX in your wallet.

There are sites that are supporting altcoins like Tron. Tron is even common on most crypto gambling sites.

[Strongkored]

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.

I think there is no problem if we want to make a deposit to a gambling site if we already have bitcoin on Binance. We just exchange it for Tron or Doge and we can deposit to the gambling site at a low cost. If the bitcoin we have is still in the Electrum wallet, that is a problem because we don't have the option to exchange it for altcoins, so inevitably we have to pay high fees if we want to deposit to a gambling site.

Yes, you are right, the problem at the moment is those who store Bitcoin in non-custodial wallets because of transaction fees and exchanging it to an exchange is not a solution because you still have to send it first, which means it requires fees.
What is quite worrying is that the current situation makes gamblers think that saving it at an exchange or casino is the right choice to avoid high fees even though that is not very appropriate, especially if the funds stored there are quite big which will make the gambler lose the money due to other things whose losses are greater than the current fees.

[n00ber]

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.

My decision may be seems revolutionary one,but the fact is the same transaction fee will be reduced when the market back to the bear standard.The bull run give huge dollars to the trader who hold from the 31k market price of the bitcoin.I had some arguments with my friends with whom we meet on every weekend.They also had the opinion of hold their money in the exchange till the market fee back to the normal one.So what your standard for the current transaction fee of bitcoin.

At first, I also traded on Binance and saw they offered free transactions. But the truth is that when I traded, I lost a fee. Did they deceive the players?
Bear season does not reduce transaction fees. Only the net profit for players makes them forget about the costs they have to pay to the exchange. I believe that in the coming time, many more exchanges will be born. They will continuously compete with each other to win the hearts of customers. The beneficiaries are probably the customers, who will have to reduce transaction fees to keep their customers.

[Dave1]

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.

My decision may be seems revolutionary one,but the fact is the same transaction fee will be reduced when the market back to the bear standard.The bull run give huge dollars to the trader who hold from the 31k market price of the bitcoin.I had some arguments with my friends with whom we meet on every weekend.They also had the opinion of hold their money in the exchange till the market fee back to the normal one.So what your standard for the current transaction fee of bitcoin.

I would agree that this is not to be expected by any bitcoin related services, like exchanges and online gambling sites. But it's what it is right now, nevertheless I believed that the high fees can't sustain this kind of run, I mean it was obvious that this is a deliberate attack on the mempool by some entities or the people behind Ordinal or whatever you call it.

I don't see that being back in the bear market will reduce the fees, again the reason for the increased is the whole ordinal thing. If they will simply stop then we will be back to normal with less than 5 sat/vB to make a good transaction and be included in the next block.

[MusaMohamed]

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.

Bitcoin blockchain is not good for money transactions, hate to say this but it is true. Nevertheless, if you have money for gambling, you don't have to move your money from a centralized exchange or a gambling site anytime. It relates to your fund management too because I will like to diversify my portfolio to different assets like fiat currency, stable coins, Bitcoin and altcoins that can give me cheap transaction fee like Litecoin or Dogecoin.

For people, traders or gamblers, who have to move bitcoin during this expensive time, they have to learn and manage their portfolio better to avoid losing money for transaction fee.

[Quidat]

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.

Bitcoin blockchain is not good for money transactions, hate to say this but it is true. Nevertheless, if you have money for gambling, you don't have to move your money from a centralized exchange or a gambling site anytime. It relates to your fund management too because I will like to diversify my portfolio to different assets like fiat currency, stable coins, Bitcoin and altcoins that can give me cheap transaction fee like Litecoin or Dogecoin.

For people, traders or gamblers, who have to move bitcoin during this expensive time, they have to learn and manage their portfolio better to avoid losing money for transaction fee.

If you are someone who do make use of Bitcoin on the time that you do gamble and actively sending out from your wallet to gambling platform? It is really that too costly  for the current fees that we do have as of this moment but we know that this isnt something that very often. Just like you do say that whenever the network do have this congested situation then it cant really be denied that it do really sucks on making some bitcoin transactions which the fees were too high and confirmation of transactions is really that too slow. If you are that someone whose really that making some
transactions and needing it asap then you would really be making yourself get delayed because of the current market condition. This is why it would just normal
that people would be finding out other alternatives.

[Text]

Many can relate to your frustration, especially in situations like this. It's disheartening to spend a hefty fee, especially for small gamblers like myself. Just a while ago, I tried transferring from my trust wallet and attempted to change the network fee, but I encountered an error: "Transaction error. Unable to transfer due to dust UTXO error." Now, I can't transfer funds or play. I guess I'll have to wait for things to settle down, so for now, I'm monitoring the network in case the fee decreases.

[Wapfika]

-

At some point today, The transaction fee drop down to 4$-5$ level that makes my pending transaction confirmed. I sent the transaction yesterday when I created this thread https://bitcointalk.org/index.php?topic=5476775.msg63279027#msg63279027. I think we should sent in advance our transaction with desired fee because the transaction fee sometimes drop that might confirmed our pending transaction.

Besides, Not all gambler is using Bitcoin with gambling so I don’t see this as major problem to casino since there’s a lot of alternatives with much cheaper fee.