Topic: 5 btc max withdrawal at most casinos? - page 2. (Read 2307 times)

Absolutely. I can see limits for security reasons but an  "agreed upon schedule" is a big red flag. Casinos don't make payment arrangements with winners.

This IS crazy. Trusted sites just have a limit from having some of the funds in a cold wallet and at worst, they will verify that your win was proper and then make funds available for the withdrawal.

"The maximum withdrawal you can do at one time is 5BTC.
For wins larger than this we pay out the winnings in installments according to a schedule which we agree on together."

To me, that seemed crazy. It's one thing to have a maximum of 5 btc at one time (which I couldn't find a word of that policy on their site including FAQ's).  The problem is that I'm supposed to wait on a installment plan or schedule for the other 2.7?  That blew my mind. Is that the policy of most btc casinos?

So I don't want to mention the casino I've been playing at and give it any bad publicity........but I have a few questions about how bitcoin casinos work as far as withdrawing goes.  I've been playing at this casino for a little over a month consistently- every day. I love their software and I became a VIP betting pretty big (their maximum on most games). The manager there is very nice. So at first I lost almost 1 btc.........then I won 2.4 bitcoins and withdrew.  It took around 24 hours for a withdrawal which I thought was long but I love their software.  Then I lost a little over 5btc in a few weeks and stopped for a bit. Those were multiple deposits that totaled that.  Then on black Friday they offered me a match bonus up to 2btc since I'm VIP. Anyway, I put in 2btc and played the 20 times requirement to earn the bonus.  I ran it up to 8.7 bitc and attempted to take out 7.7 btc.  After waiting 30 hours without getting my money........I got an e-mail from the manager saying:

 "The maximum withdrawal you can do at one time is 5BTC.
For wins larger than this we pay out the winnings in installments according to a schedule which we agree on together."

To me, that seemed crazy. It's one thing to have a maximum of 5 btc at one time (which I couldn't find a word of that policy on their site including FAQ's).  The problem is that I'm supposed to wait on a installment plan or schedule for the other 2.7?  That blew my mind. Is that the policy of most btc casinos? I bet sports big on Nitrogen and play big on Seals with Clubs. I don't have any problems withdrawing any amount and it's very fast. I honestly don't mind the 5 btc maximum if I can get my money in around 24 hours......then do another withdrawal of up to 5btc and get my money in another 24hours. That's fine with me. Any other installment plan or time schedule seems like bad business or they lack the funds. Am I being unreasonable? Maybe the casino stuff isn't for me........it's just for fun while I'm bored waiting for a poker game. 

To update- as I was writing this I got my 5btc after 31 hours.  Rather than taking out the other 2.7 and keeping 1 btc to play with.........I withdrew the entire 3.7 just now we'll see how long it takes. We never really worked out an installment plan so it might take awhile lol.  Any comments appreciated.

 "The maximum withdrawal you can do at one time is 5BTC.
For wins larger than this we pay out the winnings in installments according to a schedule which we agree on together."

 "The maximum withdrawal you can do at one time is 5BTC.
For wins larger than this we pay out the winnings in installments according to a schedule which we agree on together."

If they dont set a limit they might get bankrupt?

There shouldn't be a limit to withdraw money from a casino.
The only limit they can have is how much to process instant withdrawls or maximum bets allowed.