Sites have two options - lock in the USD-BTC exchange rate when the withdraw is requested, or lock it in when the withdraw is sent. Either way you will potentially experience some fluctuations, both positive and negative, as a customer.

No scam at all, nothing to see here.

Yeah, this. I think they even have a policy to let you cancel the withdraw up to a certain point before it is sent through? I could have just cancelled when I saw BTC starting to tank since it was already 10% lower the next day, but found it hard to believe that I'd get the requested rate and it was locked in since I never encountered a site using this method before, and it would lead to a bunch of freerolling opportunities, i.e. just keep contacting chat to cancel your withdraw until you get a favorable rate over that 1-3 day processing period. I guess they probably have safeguards in place for this and you might get some warnings if you do it repeatedly?

I mean when you have this kind of ******ed policy in place, besides being the most shady site out there, is it that unusual for people to assume this? Boy cried wolf type of scenario. Not a big deal, I guess I'll just know for the future. I did have a different amount come through from my requested rate of my first Natural8 withdraw a year+ ago, but who knows maybe it was some exception. I guess all the GG peeps in here won't mind when GG suddenly will change their policy on a whim to be in concordance with any sane institution and will get a market rate when they won't expect it.

What other sites lock in the USD-exchange rate at the moment of request? I have never noticed anyone else do this, but maybe I just didn't hit a big BTC fluctuation so far, and didn't really look at all the ToS too in depth and this is just common practice for many others as well.

I mean, this way is clearer fairer than that of other sites (since you know what you will be getting), so what exactly is the problem?

I too remember BOL giving positive rates with BTC cashouts but maybe just lol sample size. This was a couple years ago b4 they started doing basically instant cashouts.

Well my main issue is that I received 25% less at the time when the transfer was actually sent (in a slowly proccessed withdrawal to boot). Because I got a different rate on my first withdrawal on natural8 more than a year ago I just assumed they'd send at current rates like most sites. I forgot what the difference was, but maybe I got tacked on with additional fees or something. I'll give them the benefit of the doubt then since there's been ppl in this thread who said they always got the rate at the time of request irregardless of fluctuations and, I'll just make a note of it for the future.

But again, it wouldn't surprise me if some big withdrawal requests in the 100k+ range would suddenly not adhere to this policy anymore during fluctuations.

Bump this thread in the future when it happens

Sure GG can hedge their bets in regards to crypto and do not need to skim off the top, or engage in any further shady practices since they already rake enough. But then again neither did UB/AP, FTP, WSEX etc. and it seems to me that so far GG have been doing whatever the hell they want in most cases.

Do you mean it isn’t true or people get sucked out on GG?