Pages:
Author

Topic: Kryptosino.com - The #1 Shiba Casino - page 2. (Read 2157 times)

copper member
Activity: 26
Merit: 4
September 09, 2024, 06:20:51 AM
0% fee on deposit makes sense but 0% fee on withdrawal looks very good for users but is it good for your company?
I should clarify that 0% fee means we do not charge extra for users to make withdrawals, this does not mean transaction fees are waived.

The only fees I ever paid was the network fees. Sometimes it was a lump sum, which I really didn't like because mostly the player overpaid but recently often enough sites use tome kind of a dynamic fee which adjusts to current network fees. I think it's the best way for players because they can be sure not to be overcharged and it's also good for the sites since they are not in danger to lose money on fees.
Fees paid are dynamic so you will not get overcharged.
hero member
Activity: 798
Merit: 896
Wheel of Whales 🐳
September 09, 2024, 12:22:37 AM
0% withdrawal fee means the casino does not charge users any percentage of their withdrawal amounts, but the user still pays the networ fee to facilitate the transaction.

A change in the network feerate does not affect this on the side of the casino, but the gamblers has to pay more in fees to get their transactions confirmed.

Ah, then I also misunderstood, I thought they cover the network fee as well. You can't call it 0% withdrawal fee then.  Wink In my time using gambling sites I have actually never encountered any site that would charge a fee to deposit (first of all) or withdraw. The only fees I ever paid was the network fees. Sometimes it was a lump sum, which I really didn't like because mostly the player overpaid but recently often enough sites use tome kind of a dynamic fee which adjusts to current network fees. I think it's the best way for players because they can be sure not to be overcharged and it's also good for the sites since they are not in danger to lose money on fees.
hero member
Activity: 2366
Merit: 838
September 08, 2024, 10:31:06 PM
In comparison to these, we charge a 0% fee on deposits/withdrawals and have reduced our minimum withdrawal amount for cryptocurrencies in response to community feedback, making it lower than most now.
0% fee on deposit makes sense but 0% fee on withdrawal looks very good for users but is it good for your company?

It can eat a lot of your company budget by waiving withdrawal fee on users. Years ago FTX did the same with withdrawal on Ethereum blockchain when transaction fee on it was super expensive. Their collapse has many reasons but that policy on withdrawal fee is not good at all, but of course they provide it and I actually used it.

Quote
Thank you for both links, they are very much appreciated.
Glad to help.
legendary
Activity: 2758
Merit: 3105
Top Crypto Casino
September 08, 2024, 05:52:11 PM
0% withdrawal fee means the casino does not charge users any percentage of their withdrawal amounts, but the user still pays the networ fee to facilitate the transaction.
I think you are right. The casino does not charge any fees on withdrawals but the user still needs to pay the network fees. It’s not going to be profitable for them to pay those fees especially that they are using a third party service as a payment gateway.
Not sure about this, but it seems they are using Finrax payment gateway services and according to their website their withdrawal fees are reasonable except for bitcoin.
legendary
Activity: 2254
Merit: 2406
Playgram - The Telegram Casino
September 08, 2024, 04:08:10 PM
0% withdrawal fee means the casino does not charge users any percentage of their withdrawal amounts, but the user still pays the networ fee to facilitate the transaction.

A change in the network feerate does not affect this on the side of the casino, but the gamblers has to pay more in fees to get their transactions confirmed.
legendary
Activity: 1064
Merit: 1228
Playgram - The Telegram Casino
September 08, 2024, 03:57:52 PM
-snip-
In comparison to these, we charge a 0% fee on deposits/withdrawals and have reduced our minimum withdrawal amount for cryptocurrencies in response to community feedback, making it lower than most now.
This is an important decision to make - but I think the casino should make adjustments especially to withdrawal fees. There are times when crypto [bitcoin] transaction fees become more expensive at times - I wonder if you will still maintain 0% withdrawal fees in such cases?

If you are going to keep it - then that is a great decision which we welcome.
copper member
Activity: 26
Merit: 4
September 08, 2024, 02:23:52 PM
Usually the casino will not allow you to withdrawal big amounts with KYC. I am not sure how Kryptosino will deal with without KYC accounts because some clever gamblers will cash out only 20 or 30$ at a time and will not come under the radar of 100$ or any amount that casino has set as a threshold for asking for KYC, if the gamblers initiate for that amount.
That rule only applies to bonuses to prevent abuse and ensure only honest players benefit from our bonus programs. If you are not taking out a bonus and are playing with crypto, you can withdraw up to $2,000 without any KYC verification.
legendary
Activity: 3206
Merit: 1174
Leading Crypto Sports Betting & Casino Platform
September 08, 2024, 12:49:08 PM
I remembered there was another casino that I played before, and I won 105$, and when I took out 100$, the KYC submitted me, and I didn't object because I knew that they had the right to demand from me, so I gave the KYC to them.

Then I waited for a few hours before I received the withdrawal I made at the casino I played in, where I won the right amount. Although I rarely win when I gamble.

Usually the casino will not allow you to withdrawal big amounts with KYC. I am not sure how Kryptosino will deal with without KYC accounts because some clever gamblers will cash out only 20 or 30$ at a time and will not come under the radar of 100$ or any amount that casino has set as a threshold for asking for KYC, if the gamblers initiate for that amount.

Some more intelligent gambling site will put a limit on total withdrawal amount and when you reach that total, your withdrawal will be blocked unless your KYC is submitted approved. Anyways, every casino has different approach for KYC but at the end they will demand your KYC to keep them complaint against the regulations.
sr. member
Activity: 1498
Merit: 271
DGbet.fun - Crypto Sportsbook
September 08, 2024, 07:14:18 AM
Welcome to the forum KryptoFather. As Upgrade00 said above, you have acquired copper membership, which means you can upload images as a newbie. Kindly take advantage of that and upload linked images to your ANN thread.

Kryptosino.com .  Roll Eyes
Make this clickable, so that people can easily visit your site.

Welcome the Bitcointalk.org - I just took a quick glance at your site and I saw something in your ToS that is not very clear to me.



Does this mean that kyc is mandatory for withdrawal of €100+ or is this just a check to see if any suspicious activity was done?
This means that the KYC policy of the casino is strict. €100 is not big enough to require KYC imo.


I remembered there was another casino that I played before, and I won 105$, and when I took out 100$, the KYC submitted me, and I didn't object because I knew that they had the right to demand from me, so I gave the KYC to them.

Then I waited for a few hours before I received the withdrawal I made at the casino I played in, where I won the right amount. Although I rarely win when I gamble.
hero member
Activity: 798
Merit: 896
Wheel of Whales 🐳
September 08, 2024, 03:21:15 AM
For the Kryptosino team, they can reference other competitors and consider to provide the same or better, to provide attractive products for users.

Casinos Withdrawal Fees Rise (!?)
[Table] Withdrawal Fees and Withdrawal Amounts on Crypto Casinos
In comparison to these, we charge a 0% fee on deposits/withdrawals and have reduced our minimum withdrawal amount for cryptocurrencies in response to community feedback, making it lower than most now.
 
Thank you for both links, they are very much appreciated.

No withdrawal fees really is quite rare in this business. I don't know many sites that take this approach and it's really great. To be honest though, no site charges anything for deposits.  Wink
About the limits, I think most sites actually still have lower withdrawal limits so there might be more room for improvement but it's definitely a step in the right direction as of now!

copper member
Activity: 26
Merit: 4
September 08, 2024, 02:18:12 AM
For the Kryptosino team, they can reference other competitors and consider to provide the same or better, to provide attractive products for users.

Casinos Withdrawal Fees Rise (!?)
[Table] Withdrawal Fees and Withdrawal Amounts on Crypto Casinos
In comparison to these, we charge a 0% fee on deposits/withdrawals and have reduced our minimum withdrawal amount for cryptocurrencies in response to community feedback, making it lower than most now.
 
Thank you for both links, they are very much appreciated.
hero member
Activity: 2366
Merit: 838
September 08, 2024, 12:35:41 AM
I am still failing to understand that why do they need to have a minimum withdrawal limit set to 50 pound and why not they do set any limit and let people withdraw the amount they want.

Of course you can set up the withdrawal fees and people will not withdraw unless they need too.
Is it a minimal withdrawal amount with Bitcoin?

You can see minimal withdrawal amount on Binance with Legacy and Segwit address, and I don't it is not big issue to complain on Binance.
0.002 BTC with Segwit.
0.00015 BTC with Legacy.

https://www.binance.com/en-BH/fee/cryptoFee

For the Kryptosino team, they can reference other competitors and consider to provide the same or better, to provide attractive products for users.

Casinos Withdrawal Fees Rise (!?)
[Table] Withdrawal Fees and Withdrawal Amounts on Crypto Casinos
copper member
Activity: 26
Merit: 4
September 07, 2024, 02:08:33 PM
Let keep our fingers crossed to see how for your team go with taking into account and working to fix all the suggestions that are being made here on this ANN thread because it by so doing that you can work to adjust to your players demands and desire.
We consider all suggestions which help us provide even better service to our users.
With our robust list of available games and other features available be rest assured you’re in good hands when you play at Kryptosino

This is a welcome development!
Thank you for your support.

I am still failing to understand that why do they need to have a minimum withdrawal limit set to 50 pound and why not they do set any limit and let people withdraw the amount they want.
Policies are set to ensure smooth operation, creating a friendly playing environment for our users.
hero member
Activity: 2856
Merit: 618
Leading Crypto Sports Betting & Casino Platform
September 07, 2024, 12:39:34 AM
Not 75%, only 50%.
It has actually been reduced before now, when they just announced themselves in the forum) in response to community feedback and was reduced further down to €50.

That's great news actually. First of all the reduction of the minimum withdrawal amount but also the fact that they are listening to the feedback of the community.
That's a very big and important point in my opinion which most casinos unfortunately forget about after they grew too much and too fast. You want to keep your players happy and listening to their voices is essential in achieving that! Well done!


I am still failing to understand that why do they need to have a minimum withdrawal limit set to 50 pound and why not they do set any limit and let people withdraw the amount they want.

Of course you can set up the withdrawal fees and people will not withdraw unless they need too. All the $50 or £50 is not much big money but there are people who play with low amounts like $10 or $20 and making a 50 dollar maybe hectic sometimes for low wagerers. Anyways I appreciate this move and hopefully one day they will further take steps to remove this limit too.
hero member
Activity: 798
Merit: 896
Wheel of Whales 🐳
September 07, 2024, 12:31:07 AM
Not 75%, only 50%.
It has actually been reduced before now, when they just announced themselves in the forum) in response to community feedback and was reduced further down to €50.

That's great news actually. First of all the reduction of the minimum withdrawal amount but also the fact that they are listening to the feedback of the community.
That's a very big and important point in my opinion which most casinos unfortunately forget about after they grew too much and too fast. You want to keep your players happy and listening to their voices is essential in achieving that! Well done!

legendary
Activity: 2254
Merit: 2406
Playgram - The Telegram Casino
September 06, 2024, 11:23:48 PM
Not 75%, only 50%.
It has actually been reduced before now, when they just announced themselves in the forum) in response to community feedback and was reduced further down to €50.
legendary
Activity: 2576
Merit: 1860
September 06, 2024, 09:39:55 PM
IMPORTANT UPDATE

The minimum withdrawal limit for all cryptocurrencies has been reduced to improve the ease of using our service and show our commitment at creating the best user experience. Find more details here, https://www.kryptosino.com/payments/withdrawals

Head now to https://www.kryptosino.com/ to enjoy our wide variety of games, including Slots, Sportsbook, Live Casino, Crypto games and much more. Enjoy our amazing bonuses and the best gambling experience.

This is a welcome development!

Out of curiosity, though, I wonder why of all the accepted cryptocurrencies, it's only Solana that has a different minimum withdrawal limit. While the rest has €50, SOL has €30. And of all the cryptocurrencies, it's only Ripple that has a withdrawal fee. The rest has zero while XRP has 3 XRP.

This is a positive update and means the withdrawal limit has now been lowered by 75% from when the casino first announced on the forum showing that the feedback of the community is valued.

Not 75%, only 50%. From €100 down to €50. But, yeah, that's good enough. And making necessary adjustments according to the feedback of the community is indeed a good business trait.
hero member
Activity: 1134
Merit: 528
Leading Crypto Sports Betting & Casino Platform
September 06, 2024, 03:34:49 PM
However, I agree with @Darker45 that you should at least consider some adjustments so that potential customers don’t withdraw from the casino when they face complicated KYC requirements.
Our verification process at the moment is not complicated at all, you are required to submit some information, this does not include any personal documents but allows you to access all services on the casino and withdraw as well. Once changes are made that streamlines the process further, it will be announced here.
this is great to know that you don't require any personal documents to verify players, I believe what you need is nothing more than email verification and phone number verification for withdrawal, if that is true that is not different from what is upttain able on most crypto casino and having such level one verification is quite a good way to start you journey and for sure in no time you will be building a good community for your project with such a flexible verification demands.

I think email and phone is not a big deal for gambler's most especially newbies who may be coming on the casino just to test their future or claim bonuses to test run the platform with and for sure it won't be a challenge for any of them if ever they are ask to provide they email so that they could go through with the account verification at any point while playing on that casinos.

Let keep our fingers crossed to see how for your team go with taking into account and working to fix all the suggestions that are being made here on this ANN thread because it by so doing that you can work to adjust to your players demands and desire.
legendary
Activity: 2254
Merit: 2406
Playgram - The Telegram Casino
September 06, 2024, 01:41:58 PM
This is a positive update and means the withdrawal limit has now been lowered by 75% from when the casino first announced on the forum showing that the feedback of the community is valued.
copper member
Activity: 26
Merit: 4
September 06, 2024, 11:12:10 AM
IMPORTANT UPDATE

The minimum withdrawal limit for all cryptocurrencies has been reduced to improve the ease of using our service and show our commitment at creating the best user experience. Find more details here, https://www.kryptosino.com/payments/withdrawals

Head now to https://www.kryptosino.com/ to enjoy our wide variety of games, including Slots, Sportsbook, Live Casino, Crypto games and much more. Enjoy our amazing bonuses and the best gambling experience.
Pages:
Jump to: