Quote from: Fivestar4everMVP on Today at 01:36:37 PM

Quote from: cesmak on Today at 01:21:45 PM

Quote from: Fivestar4everMVP on Today at 08:00:49 AM

And I am actually still wondering why withdrawals in bitcoin is working far better than withdrawals in Fun Token (their own in-house token), the irony behind this is really not clear to me, for ordinarilly, withdrawals in Fun tokens which is their own in-house token should be more instant than withdrawals in bitcoin.

But anyways, feels great to see that withdrawals continue to work regardless of the issues and several complains, and most annoying - the silence from the team.

And someone said some withdrawal amount are sent up to admin for direct approval, how did you get to know this? Don't come to such conclusions from your own personal assumptions.
If such actually does happen, what exactly is holding that admin from saying something for over a year now?

Could be that the issue is the more complex path to make a wd on FUN, remeber that FUN is an ERC-20 token, so it goes on ethereum blockchain, and to go on that blockchain you have to pay tx fees in ETH, so is not only involved FUN on the transactions, so it means that ETH gas fees are paid by the site, could be that sometimes they need also to refill ETH to let wd flow, because i don't think that FUN for tx fee paid from your wd are immediatelly converted in eth, i think that they have an eth pool for fun transactions and convert fun fees collected in eth at batches.

Cheers

This is actually a very good explanation, how come I didn't even think about this in the first place? 😁 This indeed is a good reason, and looking at eth gas fees confirms what you have said to be true, because right now, fees to get a transaction confined on eth blockchain cost way higher than bitcoin, and at the same time take far more time than bitcoin.

This is why withdrawal in fun tokens takes far more time to process than bitcoin, and I am sure that if they did not subsidize the fun withdrawal fees, then users withdrawing in fun token will have to pay even way more higher fees than those who have choosed to withdraw in bitcoin, this is all making sense to me right now, thanks very much for coming through with this explanation, I appreciate it.

Good thing they have an internal exchange or swap feature in the site, atleast, users can use that to easily swap or convert their fun token to bitcoin before placing withdraw request.

You are welcome !!!

cesmak

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