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Online Casinos in general: Stake7 and the "crypto exchange rate" (Page 2)

Topic created on 11th Oct. 2023 | Page: 2 of 2 | Answers: 22 | Views: 1,629
gamble1
Legend

Stake7 and the "crypto exchange rate"

12th Oct. 2023, at 03:48 pm CEST#16
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Pat1991 wrote on 10/12/2023 at 1:39 pm: Maybe I should make it a bit clearer what I mean. Here are the average transaction fees over the last few days for ETH:


gamble1

And here is the rate for the last few days:

gamble1
The difference between the maximum price and the minimum price is just 99 USD.

I am of the opinion: stake7 has either miscalculated quite a bit here, or has a somewhat strange way of dealing with payouts in Crypto...

But why make such a wave about a problem we can't change either way ? As if a casino which has thousands of players now instructs their entire payment department to calculate differently or something like that! The maximum if you really make pressure once refund some money and then it goes on next time so

Since it is much easier to simply take another currency and the problem is solved I have just paid out with LTC and I have so far no fees displayed why it must be on Krampf ETH make you a Coinbase account then you can exchange the cryptos for free in each other as often as you want

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T0uchTheSky
Elite

Stake7 and the "crypto exchange rate"

12th Oct. 2023, at 04:28 pm CEST#17
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BTC and ETH are slow and expensive, best to take Xrp or Ltc.

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Falko
Icon

Stake7 and the "crypto exchange rate"

12th Oct. 2023, at 05:17 pm CEST#18
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There is now also the Fasttoken which has almost the same value as the Euro 1 Euro = 1.04 Fasttoken. I became aware of this cryptocurrency, because Socialtournament daily feeds some free FTN tournaments, where you can only pay out your wins via Fasttoken. Then I looked to see if there are also casinos that have this crypto in stock and there were also some. What is due with this cryptocurrency in fees, if you use the in an online casino, but I do not know. Who deposits with crypto, could try that yes times.

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Paddington
Top Member

Stake7 and the "crypto exchange rate"

13th Oct. 2023, at 08:04 am CEST#19
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Falko wrote on 12.10.2023 at 17:17: There is now also the Fasttoken which has almost the same value as the euro 1 euro = 1.04 Fasttoken. I became aware of this cryptocurrency because Socialtournament feeds in some free FTN tournaments every day, where you are only allowed to pay out your wins made here via Fasttoken. Then I looked to see if there are also casinos that have this crypto in stock and there were also some. What is due with this cryptocurrency in fees, if you use the in an online casino, but I do not know. Who deposits with crypto, could try that yes times.


Then rather take directly an established stablecoin!

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Paddington
Top Member

Stake7 and the "crypto exchange rate"

13th Oct. 2023, at 08:06 am CEST#20
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You must also keep in mind that many casinos use an external payment service Provider, this can also calculate fees again + the network fees. Depending on the coin and preset Hashrate can then also vary again. As an example: I can also send out a BTC transaction with 30 cent fees, which then takes forever and one with 2.30 € fees (as an example) which then goes through faster.

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Pat1991
Top Member

Stake7 and the "crypto exchange rate"

13th Oct. 2023, at 09:57 am CEST#21
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Just for comparison: Today my payout of 20 EUR from my regular casino arrived, with 1-2 days delay. And this is how it looks like:

Pat1991

Almost a precision landing.

It's actually a pity, stake7 should really improve.

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Pat1991
Top Member

Stake7 and the "crypto exchange rate"

21st Nov. 2023, at 10:34 am CET#22
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One more thing on the subject: A "no-name Wild West" Provider sent me BTC today, with a precision landing on the correct final amount. So nothing to do with fees. The sender normally pays these.

A real shame, otherwise I would have given stake7 a chance

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PiccoGER
Visitor

Stake7 and the "crypto exchange rate"

30th Nov. 2023, at 07:49 pm CET#23
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Hello, how long does it take stake7 to process the payout? I had already won 4 digits once, then the Verification took several days ... to 0. Now I was able to convert this via support. Confirmation KYC came a few days ago; today a hit at Money Train 16,400 x ... I brought 2k to payout today at noon and nothing has happened since then. I'm afraid they'll start delaying it again. Do any of the mods here have a connection to stake7? Thanks in advance and best regards 🤘🏻

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