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DanielRandomDud

Stake is COVERING our fees.

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Today i noticed stake pay full 2.30 USD fee for bitcoin transaction while effectivile asking only 5000 satoshi (35 cents).

Therefore this is nice player benefit. I hope it doesnt change in distant future. 

I think we can really be thankfull for them covering it. ITs really nice of them.

 

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Actually this is one of the small benefits that players don’t appreciate enough! 

Kudos for making a thread so there’s more awareness on the amount of benefits, no matter how small they may be.

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So do you think if the fees got back to over $20 would they raise the fee, continue to pay it or disable Bitcoin as a playing currency? Those instant withdrawals are definitely a big factor for me, there is nothing worse that having to wait for approval or 48 hours for a withdrawal review. LG is the same way, they know what a player wants.

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Its nice that at least some players notice that Stake does some good things for players.

Because hearing only complains is boring in the end, looks like nothing is good ....

 

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I've been thinking of this matter lately, why in making a deposit requires at least 50k sats (because of the current very high bitcoin network demand) and still need to wait longer then when making a withdrawal only requires 5k sats and the amount appears on the wallet in just few minutes. I didn't know Stake cover the other fees. Thank you Stake. 😊

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I think stake makes enough money to offer us a little present by taking the fees on their hands xD Thats like real casinos offering you free drinks and stuff

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3 hours ago, williamshennie9 said:

I never knew that, how do you go about calculating it? Because as far as I am aware you can choose your fees, so you can make your fee 1 satoshi if you wanted to (not on Stake, I mean on other bitcoin wallets to wallets).

if you check the blockchain info of your withdrawal you can see there how much fee stake paid for that transaction

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Well if you use online wallets you would think that the fees we send are used for the transaction but no you can send a fee as low as 5000 satoshi's but it's confirmation would be slow. 

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29 minutes ago, KinAniK said:

if you check the blockchain info of your withdrawal you can see there how much fee stake paid for that transaction

I never knew that, that's amazing that Stake actually pays a higher fee on our behalf! I guess it attracts people to Stake knowing how low the withdrawal fee actually is then :)

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Also when there was the craze about BTC (it was at US$20K each) and the TX fees were very very high, for some time Stake even paid the DEPO fees of players, not only a big part of the WD fees ....

That was a very nice detail for sure.

 

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4 hours ago, williamshennie9 said:

I never knew that, how do you go about calculating it? Because as far as I am aware you can choose your fees, so you can make your fee 1 satoshi if you wanted to (not on Stake, I mean on other bitcoin wallets to wallets).

i checked my transaction in the blockchain. they pay next block fee every time. It was 2 bucks when i was withdrawing and they covered it in full for 5000 sats

4 minutes ago, maverick528 said:

Also when there was the craze about BTC (it was at US$20K each) and the TX fees were very very high, for some time Stake even paid the DEPO fees of players, not only a big part of the WD fees ....

That was a very nice detail for sure.

 

true it surely made a lot of users deposit

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I can say that thats onre of the many awesome tings about Stake.   I have really never had to wait on transactions and that is a major thing to gamblers when the consider what sites to play.  

When Stake was still a little newer they had a really great promotion going for a short while where they would give you back all your transaction fees  if you sent them your tax id.

Stake is very generous to the players and that's why they keep us here .  Good job Stake :)

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Well... it balances out in the end... the blockchain isn't congested 95% of the time.. and the fees when it's not congested average about 1000 satoshis.

If you do the math... They are probably breaking even..

BUT... 

They are still much more generous than the average crypto casino when it comes to transaction fees...  although  I have seen casinos offer at least 1 withdraw per period without fees.

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