Network fee
A network fee is what a blockchain charges to process a transaction, and it is set by the network and how busy it is, not by the casino.
Also called gas fee, gas, miner fee, transaction fee
Every transfer on a blockchain costs a fee, called gas on Ethereum and similar chains. On Bitcoin it goes to miners. On Ethereum part is destroyed and part goes to validators. The fee depends on how busy the network is and on how much data or computing the transaction needs. It does not depend on how much money you send.
Example. You send 20 dollars of USDT to a casino on a busy network and the fee is 4 dollars. That is 20% of the deposit. Sending 2,000 dollars at that moment would cost about the same 4 dollars. The figures are made up. Real fees change by the minute and differ a lot between networks.
What people get wrong. People mix up the network fee with the casino's own withdrawal fee. When you deposit, your wallet shows the network fee and you pay it. When you withdraw, the casino sends the transaction and often takes a fixed fee from your balance. That fixed fee can be higher than the real network cost.
Before you pick a coin, check the casino's withdrawal fee for each network. A fee set too low can leave a transaction waiting to confirm.
Related terms
- Confirmation
A confirmation is a block added to a blockchain that includes your transaction or builds on top of it, and each extra one makes the payment harder to reverse.
- Stablecoin
A stablecoin is a crypto token designed to hold a steady value, most often one US dollar, such as USDT or USDC.
- Hot wallet
A hot wallet is a crypto wallet whose keys are kept on a device or server connected to the internet, which makes it quick to use but easier to attack.
- Self-custody
Self-custody means you hold the private keys to your crypto yourself, usually backed up as a seed phrase, so that only you can move it.