Gambling sites and current transactions fee

[Hirose UK]

~snip~

that is the immediate resolution on this matter. use alts with cheaper fees, there are so many options now as casinos and bookies are adding other payment methods to cover all level of their players. as btc tx fee is indeed expensive these days, it is not practical to use this top coin if you are just a small time roller.

on this regard, you can check the casino about their min deposit/withdrawal as well as their corresponding fees. some are offering dynamic fees (which you can opt for slow to fast transaction) or static fees.

this is only a matter of preference, if you do want to continue to play btc, then you need to accept the fact that it is currently having high tx fees. otherwise, look for other alts to suffice your requirements.

So, we as gamblers really have to be able to find solution to be able to still have fun in gambling but at the lowest cost, with the current increase in costs, especially for BTC, it is very burdensome for some gamblers, especially small gamblers.
There are various tokens with networks that suit what we want, which can be an alternative for every transaction carried out, even though the speed may be little slower, at least we can carry out every transaction with costs that are not burdensome.

BTC experienced significant increase in market price and traffic also increased quite quickly as well as an increase in the number of BTC miners, this seems to be one of the factors causing the increase in costs when we use BTC as value to be used on gambling sites.
If we really don't mind this amount then we are free to use BTC because BTC has quite fast transactions depending on what network we use.

I personally use this kind of momentum to be able to save more money or manage finances, with increasing costs we will definitely think about limiting all gambling activities that were previously done more frequently.
With the increase in costs, I only gamble once week, even once every two weeks, this is much more efficient in limiting myself from excessive gambling activities.

[ethereumhunter]

The transaction fees of Bitcoin and the Ethereum network (ERC20) are quite high and unfriendly for traders and gamblers with little money.
I myself currently prefer gambling sites/casinos that accept some Altcoins that have cheap transaction fees like Stellar, XRP and Doge, so transaction costs are no longer a problem.

Switching to altcoins is a solution for small gamblers like you and me because it can save on transaction costs. We also don't have to pay huge transaction fees until everything returns normal. But there are times when I prefer to completely abandon gambling for a while until transaction costs return to normal again. That will give me time to take a break from gambling for quite a long time so that when I return to gambling, I can relax more and enjoy gambling.

If we talk about altcoins, we have many altcoins that have low transaction fees. The altcoins you mentioned are coins that are included in coins that have low transaction fees. I often use stable coins that use the BNB or TRX network because they also have low transaction fees. So it seems that many gamblers have now switched to using altcoins to continue their gambling games.

[BTC-Nitro]

What's insane is the fees they deem reasonable to use when sending withdrawal funds to customers. I've had so many people ask me for help because of this.

Here's an example where someone's withdraw transaction was sent by Stake with less than 2 sat/byte fees. Bull market or not...that's going to take a long time to confirm.

https://www.blockchain.com/explorer/transactions/btc/fc63ac843670417091555bf515d1953fb9f56a1ebfb98709b624f736e91c7fab

[Fivestar4everMVP]

What's insane is the fees they deem reasonable to use when sending withdrawal funds to customers. I've had so many people ask me for help because of this.

Here's an example where someone's withdraw transaction was sent by Stake with less than 2 sat/byte fees. Bull market or not...that's going to take a long time to confirm.

https://www.blockchain.com/explorer/transactions/btc/fc63ac843670417091555bf515d1953fb9f56a1ebfb98709b624f736e91c7fab

And what evidence do you have to prove that this transaction came from stake? I mean, I am in stake signature campaign, I've been in it for over a year now, stake pays bitcoin to their signature campaign participants into their stake account, and from there, those of us who wants to withdraw will, and those who wants to gamble with their bitcoin do as well.

For the most of the times, I always withdraw my bitcoin to either my private wallet or exchange, bitcoin I withdraw from stake have never stayed on the blockchain for more than 30 minutes without a confirmation, if you doubt, I wil show you my wallet address and you can scan through it for confirmation of what I said.

How can you claim that stake sent a user's withdrawal with such a ridiculous low fee? This I can't believe without a proof bud.

[Westinhome]

And what evidence do you have to prove that this transaction came from stake? I mean, I am in stake signature campaign, I've been in it for over a year now, stake pays bitcoin to their signature campaign participants into their stake account, and from there, those of us who wants to withdraw will, and those who wants to gamble with their bitcoin do as well.

For the most of the times, I always withdraw my bitcoin to either my private wallet or exchange, bitcoin I withdraw from stake have never stayed on the blockchain for more than 30 minutes without a confirmation, if you doubt, I wil show you my wallet address and you can scan through it for confirmation of what I said.

How can you claim that stake sent a user's withdrawal with such a ridiculous low fee? This I can't believe without a proof bud.

The participants of the stake can get the money from the stake as the payment in the form of bitcoin,So the OP can play the game on bitcoin.If he get the chance to play the game in bitcoin by joining the signature campaign of the stake.We are getting bitcoin from the stake,we play the game using the same income from the signature campaign.But also we do the withdrawal of the funds from the gambling site to our exchange.So the transaction fee of the stake was 7x times lesser then the other exchange transaction of same bitcoin.So if the stake participants want to play can hold in stake website itself.The signature participants have the different option from the earning.

[Promocodeudo]

Hopefully all is well with bitcoin and fees go more lower so that there will be no huge problem to occur if we want to transact bitcoin on any transactions they want to spend their bitcoins. But for sure gamblers can get used to it if this problem will continue to happen since we still have cheap alternatives available in the market.

In my opinion, the cost issue will still be a problem for bitcoin forever, because bitcoin should no longer be suitable for use as a means of payment because the very high transaction costs make it not good enough for micro payments or other payments, I prefer bitcoin as my investment asset which is not moving so I just keep it until it's expensive in the future, so I don't use it for gambling or paying for things with bitcoin.

I think anyone can still use other friendly crypto alternatives with cheaper transaction costs to gamble or pay for something on the internet, so in my opinion, bitcoin gamblers who are currently still active in using bitcoin, I consider them to be rich people because of the high value of bitcoin. the more expensive it is, they still use it to gamble and have fun instead of using it as an investment asset for the future.

The other day I wanted to move 40$ worth of BTC from my trust wallet to Binance, the charge they gave me was 10$ this made me to change my mind, how will I do such, this I keep those funds there to be wasting them just like that, high transaction fees is becoming a problem for bitcoiners, I think is time soon people will start looking for alternatives as you said, IMO there should be modification on this transaction fee of a thing, is there no way they can expand this mempool congestion to accommodate more transaction and enable them to be processed at the same time.

[BTC-Nitro]

What's insane is the fees they deem reasonable to use when sending withdrawal funds to customers. I've had so many people ask me for help because of this.

Here's an example where someone's withdraw transaction was sent by Stake with less than 2 sat/byte fees. Bull market or not...that's going to take a long time to confirm.

https://www.blockchain.com/explorer/transactions/btc/fc63ac843670417091555bf515d1953fb9f56a1ebfb98709b624f736e91c7fab

And what evidence do you have to prove that this transaction came from stake? I mean, I am in stake signature campaign, I've been in it for over a year now, stake pays bitcoin to their signature campaign participants into their stake account, and from there, those of us who wants to withdraw will, and those who wants to gamble with their bitcoin do as well.

For the most of the times, I always withdraw my bitcoin to either my private wallet or exchange, bitcoin I withdraw from stake have never stayed on the blockchain for more than 30 minutes without a confirmation, if you doubt, I wil show you my wallet address and you can scan through it for confirmation of what I said.

How can you claim that stake sent a user's withdrawal with such a ridiculous low fee? This I can't believe without a proof bud.

Perhaps a misunderstanding on my part? When you withdraw from Stake - who selects the transfer fee, the user or Stake? I don't use it so perhaps the error was on the user's part and not Stakes?

[Litzki1990]

Currently, excessive transaction fees have become a huge problem for a gambler or a user. If you have to pay $20 to $30 fee per transfer to withdraw money or deposit money or transfer money, it is not good for investors or gamblers like us. However, this will not be a major concern for gamblers as gamblers not only have to transfer BTC to gambling sites, but gamblers can transfer various stable coins to all gambling sites if they wish. It is foolish to gamble with Bitcoin already because Bitcoin is a coin full of potential and the value of Bitcoin is increasing day by day to catch up. High transaction fees have become a problem for those who regularly transfer bitcoins from one wallet to another.

Well that usually the main case if they use bitcoin since we will be force to pay such huge fee if we continue to use it despite on its current condition. But maybe there are less gamblers using BTC now since for sure more are into altcoins since this is cheap alternative for them to continue their gambling activities. Maybe their bitcoin balances is for now intended for DCA or HODL purposes since bitcoin market is so far doing great.

Hopefully all is well with bitcoin and fees go more lower so that there will be no huge problem to occur if we want to transact bitcoin on any transactions they want to spend their bitcoins. But for sure gamblers can get used to it if this problem will continue to happen since we still have cheap alternatives available in the market.

In my case what is regrettable is that the same amount of BTC that I transferred for gambling now seems to be almost double. That is, if I have deposited 70 dollars for gambling, now that 70 dollars has increased and shows 140 dollars from my wallet, that is, if I did not use 70 dollars for gambling at that time, then now that 70 dollars in my wallet would have increased and show 140 dollars. Gambling with Bitcoin and profiting from gambling, I think it's a loss because the value of Bitcoin has increased so much since then and continues to increase. So I have now decided to gamble with dollars rather than gambling with Bitcoin so that I have the potential to profit from Bitcoin as the price of Bitcoin rises.

[TurboMen]

In my case what is regrettable is that the same amount of BTC that I transferred for gambling now seems to be almost double. That is, if I have deposited 70 dollars for gambling, now that 70 dollars has increased and shows 140 dollars from my wallet, that is, if I did not use 70 dollars for gambling at that time, then now that 70 dollars in my wallet would have increased and show 140 dollars. Gambling with Bitcoin and profiting from gambling, I think it's a loss because the value of Bitcoin has increased so much since then and continues to increase. So I have now decided to gamble with dollars rather than gambling with Bitcoin so that I have the potential to profit from Bitcoin as the price of Bitcoin rises.

The bitcoin had the potential to give more dollars this year,So better to hold your bitcoin rather using in the gambling site.Because why it was essentially to use the same bitcoin to gamble when it had potential to double itself by it’s dominance in the cryptocurrency market.If you consider the fee of the bitcoin also huge difference,because the transaction fee of the Usdt is 3$ worth of tron.But the transaction fee for the bitcoin was reduced to 10$ now.And the playing of the gambling is the risky one,the gambler had no use for the bitcoin to use in gambling.My opinion is hold the bitcoin for the market reaction and it’s better to use the Usdt for gambling.So you save 7$ from the fee and the winning also withdraw with less transaction fee.

[AmoreJaz]

What's insane is the fees they deem reasonable to use when sending withdrawal funds to customers. I've had so many people ask me for help because of this.

Here's an example where someone's withdraw transaction was sent by Stake with less than 2 sat/byte fees. Bull market or not...that's going to take a long time to confirm.

https://www.blockchain.com/explorer/transactions/btc/fc63ac843670417091555bf515d1953fb9f56a1ebfb98709b624f736e91c7fab

And what evidence do you have to prove that this transaction came from stake? I mean, I am in stake signature campaign, I've been in it for over a year now, stake pays bitcoin to their signature campaign participants into their stake account, and from there, those of us who wants to withdraw will, and those who wants to gamble with their bitcoin do as well.

For the most of the times, I always withdraw my bitcoin to either my private wallet or exchange, bitcoin I withdraw from stake have never stayed on the blockchain for more than 30 minutes without a confirmation, if you doubt, I wil show you my wallet address and you can scan through it for confirmation of what I said.

How can you claim that stake sent a user's withdrawal with such a ridiculous low fee? This I can't believe without a proof bud.

Perhaps a misunderstanding on my part? When you withdraw from Stake - who selects the transfer fee, the user or Stake? I don't use it so perhaps the error was on the user's part and not Stakes?

there is a transfer fee set by stake, like before it was 7k sats per btc withdrawal. but recently, because of high btc fees, they are now charging 9583 sats per transaction. but the actual fee they will pay varies, and because of the congested network they paid as high as 35k sats based from my experience. but they will only deduct their fixed fee of 9583 sats from your balance.
 
so yeah, i also don't believe that they will use 2 sat/byte in their transaction. they are one of the few casinos that you won't have any prob when it comes to duration of confirmation as they are paying high fees just to go thru your tx in a short period of time. never encountered this prob in stake. i won't believe as well that such tx was coming from stake.

but if you happen to play on a casino offering dynamic fees, you can select the option from slow to fast where the tx fee varies. but for stake, they have fixed fee when it comes to btc.

[Lanatsa]

What's insane is the fees they deem reasonable to use when sending withdrawal funds to customers. I've had so many people ask me for help because of this.

Here's an example where someone's withdraw transaction was sent by Stake with less than 2 sat/byte fees. Bull market or not...that's going to take a long time to confirm.

https://www.blockchain.com/explorer/transactions/btc/fc63ac843670417091555bf515d1953fb9f56a1ebfb98709b624f736e91c7fab

And what evidence do you have to prove that this transaction came from stake? I mean, I am in stake signature campaign, I've been in it for over a year now, stake pays bitcoin to their signature campaign participants into their stake account, and from there, those of us who wants to withdraw will, and those who wants to gamble with their bitcoin do as well.

For the most of the times, I always withdraw my bitcoin to either my private wallet or exchange, bitcoin I withdraw from stake have never stayed on the blockchain for more than 30 minutes without a confirmation, if you doubt, I wil show you my wallet address and you can scan through it for confirmation of what I said.

How can you claim that stake sent a user's withdrawal with such a ridiculous low fee? This I can't believe without a proof bud.

Perhaps a misunderstanding on my part? When you withdraw from Stake - who selects the transfer fee, the user or Stake? I don't use it so perhaps the error was on the user's part and not Stakes?

You should bare in mind that fees could neither be fixed or something that you could really be able to adjust. There are platforms which does have that dynamic fees on which it would really be that automatically making out adjustments basing up on the mempool condition.Whereas there are sites which does have that static ones on which do sucks specially on the time that the network condition is low and have cheap prices and this is particular do mention about Stake.com on which they do have that static fee specially on Bitcoin withdrawals on which it is really just that too much but if those things were fixed
on the time that fee is soaring up high then it would really be that something that a huge less. 

This is why on the time that you do gamble then it would be normal that you would really be making out adjustments basing up on the network condition.
Stick into the coins that you are getting used to which i do believe that it would be Bitcoin but since there are moments which fees are on the rooftop then it
would be normal on having those adjustments.

[Westinhome]

there is a transfer fee set by stake, like before it was 7k sats per btc withdrawal. but recently, because of high btc fees, they are now charging 9583 sats per transaction. but the actual fee they will pay varies, and because of the congested network they paid as high as 35k sats based from my experience. but they will only deduct their fixed fee of 9583 sats from your balance.
 
so yeah, i also don't believe that they will use 2 sat/byte in their transaction. they are one of the few casinos that you won't have any prob when it comes to duration of confirmation as they are paying high fees just to go thru your tx in a short period of time. never encountered this prob in stake. i won't believe as well that such tx was coming from stake.

but if you happen to play on a casino offering dynamic fees, you can select the option from slow to fast where the tx fee varies. but for stake, they have fixed fee when it comes to btc.

During all the pump market,the exchange try to get more bitcoin from us,this was the periodic action of the Binance.Even though the head of the binance exchange was changed in the recent day,the reaction remains the same from the last two all time high in the bitcoin price.Many of us come across the various transactions fee in our old transactions,but now the transaction fee of 10-20$ for each transaction was the unexpected one in the current situation.Because if the trader sending 1-2k,the transaction fee of 20$ is not seems high.But just remember the person who spend the transaction fee of 10-20$ for the withdrawal of 60-100$ dollars.

[Wakate]

What's insane is the fees they deem reasonable to use when sending withdrawal funds to customers. I've had so many people ask me for help because of this.

Here's an example where someone's withdraw transaction was sent by Stake with less than 2 sat/byte fees. Bull market or not...that's going to take a long time to confirm.

https://www.blockchain.com/explorer/transactions/btc/fc63ac843670417091555bf515d1953fb9f56a1ebfb98709b624f736e91c7fab

And what evidence do you have to prove that this transaction came from stake? I mean, I am in stake signature campaign, I've been in it for over a year now, stake pays bitcoin to their signature campaign participants into their stake account, and from there, those of us who wants to withdraw will, and those who wants to gamble with their bitcoin do as well.

For the most of the times, I always withdraw my bitcoin to either my private wallet or exchange, bitcoin I withdraw from stake have never stayed on the blockchain for more than 30 minutes without a confirmation, if you doubt, I wil show you my wallet address and you can scan through it for confirmation of what I said.

How can you claim that stake sent a user's withdrawal with such a ridiculous low fee? This I can't believe without a proof bud.

Perhaps a misunderstanding on my part? When you withdraw from Stake - who selects the transfer fee, the user or Stake? I don't use it so perhaps the error was on the user's part and not Stakes?

Based on the other gambling sites I have used so far, it is the user that want to withdraw fund that would choose the network fee to be used which would depend on the speed of the network and how fast they want to receive their funds. I think some gamblers would prefer to use other coins with a faster network than to use Bitcoin network that requires a bigger fee for it to processed. I have seen transactions with smaller fee taking longer time like 3 to 10 days to be processed. This is the problem we all facing and paying a big threat to the entire Bitcoin adoption and Blockchain.

[livingfree]

I guess with all of the complains about how high the transaction fees are will be stopped soon. We're having a calm network now and the fees aren't that much anymore.

Go and check mempool.space and this is the reference of everyone on where we've been checking it all day long and not just the price these days we check but also the fees.

I think most casinos that have bumped up their withdrawal or transaction fees will also have to adjust it again into a lower mode this time.

[Orpichukwu]

The bitcoin transaction fee was seen to drop a little bit back to normal today, so I presume those who only like to gamble make their deposit only with bitcoin as a result of them having only bitcoin as part of the cryptocurrency they hold and being willing to spend I believe you guys noticed the drop in fee today, and this could make it a lot easier for you to deposit and withdraw without having to worry about the high fee anymore. There's no alternative option to explore.
 
I have read about a few gamblers who complain of reducing their gambling activities because of the high bitcoin network fee, which baffles me. Why, if you truly want to spend some little cash on gambling, can't the person get an alternative instead of using the congested network as an excuse?

[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.

[tbterryboy]

The bitcoin had the potential to give more dollars this year,So better to hold your bitcoin rather using in the gambling site.Because why it was essentially to use the same bitcoin to gamble when it had potential to double itself by it’s dominance in the cryptocurrency market.If you consider the fee of the bitcoin also huge difference,because the transaction fee of the Usdt is 3$ worth of tron.But the transaction fee for the bitcoin was reduced to 10$ now.And the playing of the gambling is the risky one,the gambler had no use for the bitcoin to use in gambling.My opinion is hold the bitcoin for the market reaction and it’s better to use the Usdt for gambling.So you save 7$ from the fee and the winning also withdraw with less transaction fee.

Even if a person doesn't have any intentions of holding their Bitcoins for the upcoming bull run, it's still not a wise decision to pay more than $10 in fees for a $50 transaction because most gamblers are average bettors and they don't always make very large transactions, and if you are making small Bitcoin transactions in these network conditions, you are spending more money on fees in a week than you used to spend in months before. So it's undoubtedly better to use alternatives for gambling at this time.

In my opinion, gambling with USDT or other stablecoins is also better for more clear and straightforward calculations. This means that you won't need to keep converting your available balance into USDT first using a search engine or another source just to know how much money you have and how much you've won or lost so far.

[kenshi222]

Even if a person doesn't have any intentions of holding their Bitcoins for the upcoming bull run, it's still not a wise decision to pay more than $10 in fees for a $50 transaction because most gamblers are average bettors and they don't always make very large transactions, and if you are making small Bitcoin transactions in these network conditions, you are spending more money on fees in a week than you used to spend in months before. So it's undoubtedly better to use alternatives for gambling at this time.

In my opinion, gambling with USDT or other stablecoins is also better for more clear and straightforward calculations. This means that you won't need to keep converting your available balance into USDT first using a search engine or another source just to know how much money you have and how much you've won or lost so far.

The current bull run help us yo manage the transaction fee,because the current transaction fee for the bitcoin was reduced.This also impacts the transaction fee for the many cryptocurrencies.The market become the stable now and it was the reason for the gamblers to use the bitcoin with the less transactions fee.Some of the gambling site like stake still bare the transaction fee and allow the gamblers to withdraw the funds with less paying transaction fee to the website.The common fact is the less transactions fees also affect the margin gamblers who use the less amount of dollars to their game.The withdrawal of the dollars also need to paid by the gamblers.If the transaction amount is 10$,how the gamblers afford to pay the value of 2-3$ as their transaction fee.

[kenshi222]

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 reason was they are friendly to their users,even a transaction fee in the Stake was very low compared to many of the exchanges.One of my friend use to get their weekly payments to the Stake wallet and then withdraw to the exchange which allow him to convert to fiat.Most of the gambling site will available for the gamblers to withdraw with less transaction fee now.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.

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.

[piebeyb]

Hopefully all is well with bitcoin and fees go more lower so that there will be no huge problem to occur if we want to transact bitcoin on any transactions they want to spend their bitcoins. But for sure gamblers can get used to it if this problem will continue to happen since we still have cheap alternatives available in the market.

In my opinion, the cost issue will still be a problem for bitcoin forever, because bitcoin should no longer be suitable for use as a means of payment because the very high transaction costs make it not good enough for micro payments or other payments, I prefer bitcoin as my investment asset which is not moving so I just keep it until it's expensive in the future, so I don't use it for gambling or paying for things with bitcoin.

I think anyone can still use other friendly crypto alternatives with cheaper transaction costs to gamble or pay for something on the internet, so in my opinion, bitcoin gamblers who are currently still active in using bitcoin, I consider them to be rich people because of the high value of bitcoin. the more expensive it is, they still use it to gamble and have fun instead of using it as an investment asset for the future.

The other day I wanted to move 40$ worth of BTC from my trust wallet to Binance, the charge they gave me was 10$ this made me to change my mind, how will I do such, this I keep those funds there to be wasting them just like that, high transaction fees is becoming a problem for bitcoiners, I think is time soon people will start looking for alternatives as you said, IMO there should be modification on this transaction fee of a thing, is there no way they can expand this mempool congestion to accommodate more transaction and enable them to be processed at the same time.

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

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.