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Bitcoin Cash BCH withdrawal fees 15 BCH at Wild Casino vs 0.001 BCH network cost why 1500000% markup

JKLeader✔ verified1065 views
54

Just noticed Wild Casino charges 15 BCH for Bitcoin Cash withdrawals. Network fee is around 0.001 BCH right now according to Bitcoin.com explorer.

That's a 1,500,000% markup over actual costs. Even accounting for operational overhead, this seems excessive compared to their BTC fee which is only about 300% markup.

Anyone know why BCH specifically gets hit with such inflated fees? Is this common across other brands or just Wild Casino being aggressive on BCH?

5 replies

  1. 2
    MDMark D.Regular✔ verified

    Wild Casino has always been weird with alt-coin fees. Their LTC withdrawal is also crazy high at like 2 LTC when network cost is pennies.

    I stick to BTC there - their Bitcoin fee is 0.0015 which isn't great but manageable. Seems like they just don't want to deal with smaller coins and price them out intentionally.

  2. 8
    ATAnna T.RegularAccepted answer

    Cafe Casino charges 2 BCH for withdrawals, still high but way better than Wild's 15 BCH. Ignition doesn't even offer BCH last I checked.

    Most crypto casinos seem to have inflated fees on everything except Bitcoin. My theory is they want to push everyone toward BTC since it's easier for them to manage liquidity.

  3. 22
    MRMike R.Member✔ verified

    This is exactly why I converted all my BCH to Bitcoin before depositing anywhere. The withdrawal fees on alt-coins are predatory across the board.

    Super Slots wanted 8 BCH last time I checked. Even BetOnline which is usually reasonable charges 3 BCH. Just not worth holding BCH in casino accounts anymore.

  4. 22
    JPJess P.Regular

    Wild Casino's fee structure makes no sense. They charge 15 BCH (around $6,000+ at current prices) to withdraw but only require 0.01 BCH minimum deposit.

    I asked their support about it once and got some generic response about "processing costs and security measures." Complete nonsense when you can send BCH on-chain for under 10 cents.

  5. 6
    JKJen K.Leader✔ verified

    Thanks for the comparisons everyone. Sounds like Wild Casino is the worst offender but the whole industry has inflated BCH fees.

    Going to stick with Bitcoin for Wild Casino plays and maybe try Cafe Casino next time I want to use BCH. 2 BCH is still high but at least it's not completely insane like 15 BCH.

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