What the hell is up with the BTC Network fees?

[crusherrr]

Sure thing Jay
This was after I won 23k on Novak/Barty 2021 Wimb at FanDuel Casino & reloaded the profits at BM a few months later. These were all 5k reloads & BM would pick up the $400 fee

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$400 FEE? I'm going into the bitcoin atm business. Jeez.

 

[keithrichard]

This 400 fee included the cost of purchasing the BTC before the actual fee to transmit the BTC to bookmaker? Reason I ask is I always submit the purchase price to BM when I am being reimbursed. This is my biggest expense usually.

 

[dougtushyterror]

This 400 fee included the cost of purchasing the BTC before the actual fee to transmit the BTC to bookmaker? Reason I ask is I always submit the purchase price to BM when I am being reimbursed. This is my biggest expense usually.

It's been 3 yrs so I don't remember the exact particulars, just that they took $5400 from my debit card & once I emailed the receipt had that exact amount applied to my account

 

[dougtushyterror]

$400 FEE? I'm going into the bitcoin atm business. Jeez.

S.O.P. for BTC ATMs. Considering how infrequently they're used compared to regular ATMs, that's the only way they're gonna make money

 

[baus]

Welcome to BMR dougtushyterror!

BAUS

 

[keithrichard]

It's been 3 yrs so I don't remember the exact particulars, just that they took $5400 from my debit card & once I emailed the receipt had that exact amount applied to my account

Ok so it seems like BM is reimbursing the fee to actually buy the Bitcoin then. This is what I want from them as the actual fee to transmit to book is usually minimal for me.
Thank you Doug. I don't end up in your threads usually but I do follow and always am rooting for your success in your goals.

 

[rsstreams]

Twice in a hurry I was needing to send and ended up paying the huge fee. I am more careful now. The second time, I was so mad, I immediately went and bought a bunch of shares of coinbase figuring these fucks must be making money ripping morons off like me, so I waited about a couple of weeks and made $100 off the stock and sold. Jerks.

 

[sportsbettor5]

Twice in a hurry I was needing to send and ended up paying the huge fee. I am more careful now. The second time, I was so mad, I immediately went and bought a bunch of shares of coinbase figuring these fucks must be making money ripping morons off like me, so I waited about a couple of weeks and made $100 off the stock and sold. Jerks.

This has nothing to do with Coinbase. Your anger was misplaced.

 

[KingKolzig]

Ok so used a Bitcoin Depot machine yesterday. Needed to send justbet $300 minimum for the bonus. Put in $370 to the machine. 2 hours later had $263 in my account. Thieves

Thats like 30%

 

[thefix]

Ok so used a Bitcoin Depot machine yesterday. Needed to send justbet $300 minimum for the bonus. Put in $370 to the machine. 2 hours later had $263 in my account. Thieves

Thats like 30%

When you have to bleed off that type of amount just to be able to gamble, maybe it's time to stop.

 

[KingKolzig]

When you have to bleed off that type of amount just to be able to gamble, maybe it's time to stop.

Well i used that same machine 2 years ago. Took 15% back then

So i figured sending 370 would surely get me $300

Nope. Criminals

 

[JDS]

Ok so used a Bitcoin Depot machine yesterday. Needed to send justbet $300 minimum for the bonus. Put in $370 to the machine. 2 hours later had $263 in my account. Thieves

Thats like 30%

Bad timing for sure, I hope that doesn’t put you on tilt from the jump. I could see a lot gamblers failing to keep their composure.

 

[JDS]

When you have to bleed off that type of amount just to be able to gamble, maybe it's time to stop.

Maybe you should mind your own fuckin’ business, everybody here has a different level of action. Just because your bankroll is two or even three zeros higher don’t mean you should act like a condescending jerk off.

 

[KingKolzig]

Bad timing for sure, I hope that doesn’t put you on tilt from the jump. I could see a lot gamblers failing to keep their composure.

Sent it to bovada. Went 0-3 thats it

No biggie i have things to sell i dont need. But that machine does not display the fee. Its literally like 28% now. Fuking scumbags

 

[Capitalist Pig]

But that machine does not display the fee. Its literally like 28% now. Fuking scumbags

I used to use the coin flip btc atm, and found if I’d go the their web site first I could usually find a promo code to put in the machine when depositing that would knock the fees down. Not sure if that’s the case with other btc atms, but it’s something to look into, gl

 

[jjgold]

It sucks now
Litecoin

 

[KVB]

... But that machine does not display the fee. Its literally like 28% now. Fuking scumbags

Fukkin predatory.

Dayam.

 

[KingKolzig]

263 is 71% of 370

29% unreal

Only numbers they tell you is $5000 max purchase. $50 min

They must keep it under a comical 30% just to have somewhat less reddit complaints. But it keeps going up. Someday 50% lol

 

[KingKolzig]

These reviews are unreal

Bitcoin Depot is rated "Bad" with 1.4 / 5 on Trustpilot

Do you agree with Bitcoin Depot's TrustScore? Voice your opinion today and hear what 42 customers have already said.

www.trustpilot.com

 

[sportsbettor5]

Ok so used a Bitcoin Depot machine yesterday. Needed to send justbet $300 minimum for the bonus. Put in $370 to the machine. 2 hours later had $263 in my account. Thieves

Thats like 30%

Yeah those bitcoin ATMs have been a ripoff every time I've looked into them. Never used one for that reason.