Post
Topic
Board Gambling discussion
Re: Gambling sites and current transactions fee
by
kenshi222
on 07/02/2024, 11:48:19 UTC
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.