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Online Casinos in general: Crypto payout - 50% discount/fees (Page 2)

Topic created on 26th Feb. 2024 | Page: 2 of 2 | Answers: 25 | Views: 1,180
MisterL
Expert

Crypto payout - 50% discount/fees

26th Feb. 2024, at 01:51 pm CET#16
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when I Deposit a minimum of 30 euros at Stake (best casino) via Moonpay and no matter whether LTC or XRP or Bitcoin, around 22-24 euros arrive.

therefore do not play in cryptocasinos or only if you can also deposit with mastercard.

Question: how can i and many other gamblers who read here get cryptocurrency without being charged these horrendous fees?

that way crypto makes no sense at all!

I think that was the question the thread creator wanted answered

and if I buy crypto for 1000 euros now, are the transaction fees just as high as if I buy it for 50 euros?

which are the cheapest providers to buy crypto from?

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x00NY
Elite

Crypto payout - 50% discount/fees

26th Feb. 2024, at 01:53 pm CET#17
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MisterL wrote on 26.02.2024 at 13:51: if I Deposit 30 euros min. deposit amount at Stake (best casino) via Moonpay and no matter if LTC or XRP or Bitcoin, about 22-24 euros arrive.

therefore do not play in cryptocasinos or only if you can also deposit with mastercard.

Question: how can i and many other gamblers who read here get cryptocurrency without being charged these horrendous fees?

that way crypto makes no sense at all!

I think that was the question the thread creator wanted answered

and if I buy crypto for 1000 euros now, are the transaction fees just as high as if I buy it for 50 euros?

which are the cheapest providers to buy crypto from?

Crypto exchanges such as bitpanda or binance

This post has been translated automatically

flaschenposter
Experienced

Crypto payout - 50% discount/fees

26th Feb. 2024, at 02:54 pm CET#18
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i recently made a BTC Deposit for a crypto bonus.
Spoiler alert: I didn't get the bonus because, after deducting the fees, I was well below the minimum deposit for the bonus...

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CaNna09
Amateur

Crypto payout - 50% discount/fees

26th Feb. 2024, at 02:59 pm CET#19
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A brief explanation of why you have such high fees with BTC.

BTC was never intended to go so high, i.e. the higher the price, the more fees you pay;)
Best not to pay in BTC at the moment...

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MisterL
Expert

Crypto payout - 50% discount/fees

26th Feb. 2024, at 11:50 pm CET#20
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the fees as a percentage ? or per transaction no matter how high the amount is

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Falke
Expert

Crypto payout - 50% discount/fees

27th Feb. 2024, at 01:01 am CET#21
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And why are the fees so high now?

Spoiler alert: The casino is cheating.

In no other casino have I ever heard of such high fees or noticed them myself. This cannot be due to the payment provider. Which other payment Provider on the market collects over 50%?

Yes, the fees for BTC or ETH are relatively high. But we're talking about a few euros and certainly not such high sums.

What does the casino say about this? The TE must have asked there in the chat?

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Kirkmama

Crypto payout - 50% discount/fees

27th Feb. 2024, at 07:29 am CET#22
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Falke wrote on 27.02.2024 at 01:01: And why are the fees so high now?

Spoiler alert: the casino is cheating.

In no other casino have I ever heard of such high fees or noticed them myself. This cannot be due to the payment provider. Which other payment Provider on the market collects over 50%?

Yes, the fees for BTC or ETH are relatively high. But we're talking about a few euros and certainly not such high sums.

What does the casino say about this? The TE must have asked there in the chat?

You have transferred the full amount. So the issue is closed for you.

I may inquire with my provider, who refer to the chain entry, in which it is obvious that this is not true

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moralischverwerflich
Expert

Crypto payout - 50% discount/fees

27th Feb. 2024, at 02:46 pm CET#23
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MisterL wrote on 26.02.2024 at 13:51: if I Deposit 30 euros min. deposit amount at Stake (best casino) via Moonpay and no matter if LTC or XRP or Bitcoin, about 22-24 euros arrive.

therefore do not play in cryptocasinos or only if you can also deposit with mastercard.

Question: how can I and many other gamblers who read here get cryptocurrency without being charged these horrendous fees?

that way crypto makes no sense at all!

I think that was the question the thread creator wanted answered

and if I buy crypto for 1000 euros now, are the transaction fees just as high as if I buy it for 50 euros?

which are the cheapest providers to buy crypto from?

Anyone who buys crypto via Moonpay and similar providers has too much money to give away..


Normal crypto exchange such as Bitpanda, from there to Trustwallet and from there to the casino. That's it.

You can't give a flat rate for the fees, as it depends on the exchange rate etc. With LTC, however, you can roughly say that there are approx. 1-2€ in fees per 50€ when buying and selling. Sending costs 3-4 cents flat rate.

A little Tip for those who want to play more with cryptos:
Take out a Coinbase ONE subscription. It costs €25 per month and you can buy and sell as much as you want free of charge.
Can be canceled at any time. It also pays off if you only want to play more for 1 month, for example.

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moralischverwerflich
Expert

Crypto payout - 50% discount/fees

27th Feb. 2024, at 02:51 pm CET#24
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MisterL wrote on 26.02.2024 at 11:44 am: so the answers here are GAGA

here they talk about cryptocasinos super etc. but nobody can explain why the fees are so high

Why is gas so expensive? Why do cigarettes now cost 8-9€?

Because there's a moron sitting somewhere who decides....
There's nothing to explain.
The fees for BTC and ETH depend on the network etc.... Sometimes it's cheap, sometimes it's expensive.

Recently there was a BTC transaction where fees in the millions were incurred.... (Article can be found via Google)

That's just life..

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MisterL
Expert

Crypto payout - 50% discount/fees

27th Feb. 2024, at 02:51 pm CET#25
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cool thanks !

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gamble1
Legend

Crypto payout - 50% discount/fees

27th Feb. 2024, at 05:55 pm CET#26
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Oh well, with BTC and ETH, that's not really surprising - I recently wanted to send €20 when the BTC network was overloaded and would have paid around €20 just in fees

Always send stuff like that with LTC because it differs by cent amounts With Platin 200 paid out 199.88 arrived

It can't be the casino's fault, I once withdrew BTC from stake7 and the fees were around €5-8, but the network was also legitimate at the time

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