Post
Topic
Board Gambling discussion
Re: Gambling sites and current transactions fee
by
stomachgrowls
on 07/02/2024, 21:28:10 UTC
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.