Anyone noticed that when transactions were costing $10-$15 all of the websites (Nitro, Fairlay, exchange websites, etc) all raised their fee for withdraw accordingly, and now that the fees are down to 0.20 they are still charging us $10 to withdraw?
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its .5mbtc so its about 4.50$ at Fairlay and Nitro....fairlay always had the fee but added the 1mbtc premium one during the congestion and still offers but no need to ever use...I personally feel both charging a fee .5 mbtc are fine esp with what they both offer...Payouts fast at both and The best odds at Fairlay and then full service book at Nitro for parlays and poker...One thing I really like about Nitro for parlays is they don't extra juice them like heritage and pinny do....they are easy the #1 and #2 btc books for USAOriginally posted by PharaohUBComment -
That's still expensive for a withdrawal that only costs <$.50 if they set it right. If they want to charge a dollar fine, but personally, as long as fees are reasonable now, it shouldn't be charged as long as the players aren't making it expensive and abusing the # of withdrawals.Originally posted by littlekonaComment -
Take Paxful for example. They charge 8-9 mBTC to withdraw (8-9 bucks) and then batch all the withdraws with 10 others and attached a $0.50 fee. Collect $100 in fees - pay 0.50 for fees. On top of that they are taking a cut of each transaction too! I wasn't just complaining about the books, all the places you move money have taken advantage of this and I just find it really annoying.
People forget that bitcoin is not only cheap for us, but cheap for the books too. They used to have to cover our fees to incite deposits by ** and ** and what have you. It's not a lot to ask to not profit on our deposit and withdraws. I now have to pay the fee to obtain the bitcoin, then pay a fee to withdraw it from the exchange, then deposit it and pay the mining fee, then i pay again on the withdraw. It's a little out of control.
The way things have been going recently with bitcoin books, I am for the first time in 4-5 years using traditional books. Not just this issue, but others too.Comment -
I agree that maybe nitro should offer maybe one free per week but Fairlay I am fine with as it was always that and with the Zero commissions and Low VIG they offer i am ok with the .5mbtc....These books remember also batch send so the fee is even lower for them maybe a few penny's per withdrawal for some....I also think there are added costs for any withdrawal they we may not realize...whats the old saying that every check costs a business $30 to send out...if BTC rockets back up to 15-20K i think however it is a serious question that Fairlay and Nitrogen need to respond too and probably should adjustOriginally posted by mrpapageorgioComment -
Nitro does offer one free withdrawal per week.Comment -
I thought it was one per 2 weeks freOriginally posted by ThaWojComment -
Should be weekly and then .001 fee after that unless they changed it.Comment -
Is paxful that high? I have not used in 6 months plus mostly use localbitcoins for peer to peer they charge 0.00005 BTC so about 45 cents which is not bad but they batch too.....I remember the days of person to person for 70$ so I feel for me at least 5$ fee for btc withdrawl that’s very fast at Nitrogen or Fairlay esp with the savings on the juice there it’s a fair deal for meOriginally posted by PharaohUBComment -
Yeah paxful is that high. For some reason LBC kicked me out years ago and everytime I try to open a new account they freeze my coins and ask for my identity. They froze 0.4 BTC of mine and wouldn't tell me why they wouldn't release them or what they had against me. I'm not taking the risk of losing all my funds even if Paxful is more expensive.Originally posted by littlekonaComment -
Paxful is absolute garbage, but sometimes its a necessary out
and i agree, profiting on withdrawals is scummyComment -
They changed 1 free every 2 weeks and .0005 btc they lowered fee a bit while backOriginally posted by ThaWoj
Fairlay lowerd to .1mbtc for priority til month end alsoComment