Minimum deposit and minimum withdrawal. - page 2.

Jemzx00

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Quote from: harizen on January 18, 2023, 06:38:30 PM

Quote from: Fortify on January 18, 2023, 03:30:10 PM

So if a casino accepts lower amounts they might see more gamblers from different countries who have less to spend and accrue more earnings that way.

Most casinos I believed do have a lower minimum deposit amount and users should have no problem dealing with it.

The question is, what range of amount is considered as a low amount? $5? $2? $1?

If these people will just deposit that kind of amount, better just try their luck, not on online casinos. The casino shouldn't adjust for anything regarding the minimum deposit amount if the set amount is kind of fair already. Again, as far as local fiat casinos are concerned, especially here, the average minimum deposit amount I'm seeing is around $3 to $4.

Actually, most online casino rarely offers minimum deposit amount and even if they do, they are fairly low which are valid and acceptable for everyone. I guess, this also varies depending on the games that these casino offers where you can only bet a certain amount which if a user tries to deposit a small amount, they won't be able to play anything on the platform.

In terms of local casinos, I've seen fairly lower deposit amount much lower than that like 0.5-2 dollars and they allow it as some slots are available to be played on a much lower amount.

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Quote from: harizen on January 18, 2023, 06:38:30 PM

Quote from: Fortify on January 18, 2023, 03:30:10 PM

So if a casino accepts lower amounts they might see more gamblers from different countries who have less to spend and accrue more earnings that way.

Most casinos I believed do have a lower minimum deposit amount and users should have no problem dealing with it.

The question is, what range of amount is considered as a low amount? $5? $2? $1?

If these people will just deposit that kind of amount, better just try their luck, not on online casinos. The casino shouldn't adjust for anything regarding the minimum deposit amount if the set amount is kind of fair already. Again, as far as local fiat casinos are concerned, especially here, the average minimum deposit amount I'm seeing is around $3 to $4.

most crypto casinos that i've seen here has about $5 of min deposit, otherwise, check the ToS of the site and look for the min deposit/withdrawal section. because if you happen to deposit below their min deposit, it won't be credited or worse they will just collect the money.

harizen

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Quote from: Fortify on January 18, 2023, 03:30:10 PM

So if a casino accepts lower amounts they might see more gamblers from different countries who have less to spend and accrue more earnings that way.

Most casinos I believed do have a lower minimum deposit amount and users should have no problem dealing with it.

The question is, what range of amount is considered as a low amount? $5? $2? $1?

If these people will just deposit that kind of amount, better just try their luck, not on online casinos. The casino shouldn't adjust for anything regarding the minimum deposit amount if the set amount is kind of fair already. Again, as far as local fiat casinos are concerned, especially here, the average minimum deposit amount I'm seeing is around $3 to $4.

Lida93

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For any gambling company to mark out a minimum amount for deposit then that means they must have already made a name, more like gotten a popular brand in the market with a wide patronage too. No gambling company would want to put up a minimum amount that would look discouraging to new customers when they are just starting business and need high patronage, not until they must have gotten the level of customers they had wanted then some rules would now start changing so to condition their customers, maybe to mitigate unnecessary in and out influx.

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Quote from: Queentoshi on November 02, 2022, 04:24:35 PM

Someone with a strict budget of gambling with $10, decides to start online gambling after been told by a friend, but on signing up discovers that the minimum deposit accepted is above the amount budgetted for gambling. Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts? If yes, and that perhaps is a reason behind many other online casinos keeping their minimum deposits as low as $1, Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble? Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?

It can be a lot easier to get a million people to throw away one dollar than to find a millionaire who will hand over a million in one go, as someone as put more eloquently in the past. A dollar minimum is likely in place due to blockchain transaction fees that get proportionally more expensive the lower you go. However a dollar can definitely have a lot of different value depending on the country you are in, for example $5 an hour in Pakistan might be considered a substantial wage compared to the average salary, however it would be rejected by workers in almost every European country as far too low. That's because there are different costs of living, pricing of products and availability in the labor pool. So if a casino accepts lower amounts they might see more gamblers from different countries who have less to spend and accrue more earnings that way.

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Quote from: pixie85 on January 18, 2023, 12:04:34 PM

Quote from: Plaguedeath on January 18, 2023, 09:43:11 AM

IMO it's better for the casino set minimum deposit and withdrawal based on the coin equivalent rather than on fiat equivalent. This because let's say if the coin price is worth for $20/each now and the casino ask minimum deposit of $20, then I make a transaction to send this coin to the casino, but after 5 minutes later the price is drop to $17, so the casino can just reject my deposit since it's lower than the minimum.

If they're using coin equivalent, anyone wouldn't get this kind problem.

I don't see a problem with dollar value as long as they keep the minimum deposit and withdrawal very low.
It's understandable they don't want to keep processing dust transactions otherwise people would spam them with $2 deposits all day, especially people from very poor countries where $1 has a real value.

Setting minimum deposit and withdrawal at $20 is pretty high, unless they aren't accessible on global scale. Many people earn less than $10 a day, so $20 deposit requirement is pretty high.

If you don't want to face the problem of constant price changes you can use bitcoin. Its value usually doesn't change that much on an hourly basis and 10% drops are rare.

But if they would stick into a fixed amount in usd value then bitcoin value would sudden change and if ever it would be that fixed then it would neither be lower or higher on the said threshold
which it could neither be a good thing or bad specially when you are a small scale type of gambler.Most of the time these limits arent really that something a bothersome specially to those
who are big bettors or who do have huge funds.This is usually can be seen up into those people who are really that making minimum deposits and withdrawals but its true
that having lower is much more preferable.

pixie85

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Quote from: Plaguedeath on January 18, 2023, 09:43:11 AM

IMO it's better for the casino set minimum deposit and withdrawal based on the coin equivalent rather than on fiat equivalent. This because let's say if the coin price is worth for $20/each now and the casino ask minimum deposit of $20, then I make a transaction to send this coin to the casino, but after 5 minutes later the price is drop to $17, so the casino can just reject my deposit since it's lower than the minimum.

If they're using coin equivalent, anyone wouldn't get this kind problem.

I don't see a problem with dollar value as long as they keep the minimum deposit and withdrawal very low.
It's understandable they don't want to keep processing dust transactions otherwise people would spam them with $2 deposits all day, especially people from very poor countries where $1 has a real value.

Setting minimum deposit and withdrawal at $20 is pretty high, unless they aren't accessible on global scale. Many people earn less than $10 a day, so $20 deposit requirement is pretty high.

If you don't want to face the problem of constant price changes you can use bitcoin. Its value usually doesn't change that much on an hourly basis and 10% drops are rare.

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Quote from: Queentoshi on November 02, 2022, 04:24:35 PM

Someone with a strict budget of gambling with $10, decides to start online gambling after been told by a friend, but on signing up discovers that the minimum deposit accepted is above the amount budgetted for gambling. Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts? If yes, and that perhaps is a reason behind many other online casinos keeping their minimum deposits as low as $1, Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble? Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?

As far as I know, minimum deposit and withdrawals are parameters set by the gambling house to ensure that what they are dealing with is human, and is not a hacker who tries to make profit out of their house. Now in the case of whether these limits connote something on the side of the gambler, or in this case a would-be-gambler, then it highly depends on the outlook of that person. There's no singular answer to whether they'd think the house is forcing them to gamble more, or the house is making them gamble regardless of whatever amount they have, coz at the end of the day if they want to gamble they will gamble, and frankly enough if you are on a tight budget that you can only afford to gamble 10 bucks or less I would highly suggest you don't waste it on gambling.

Cryptomultiplier

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A lot of reasons would be given and made possible just to see more gamblers patronize an online casino. The low or minimum deposit of less than $1, is more or less a coy to attract gamblers looking for low budget but sure wins.
Many persons using such sites with this fee know it is just to lure you in, whether you get to stay depends on other factors after this deposit has been made.
Same strategy it is for minimum withdrawal, the least amount isn't yours to claim in form of withdrawal but to stake less chargeable games with less fees and also cushion whatever funds is added.

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Quote from: Queentoshi on November 02, 2022, 04:24:35 PM

Someone with a strict budget of gambling with $10, decides to start online gambling after been told by a friend, but on signing up discovers that the minimum deposit accepted is above the amount budgetted for gambling. Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts? If yes, and that perhaps is a reason behind many other online casinos keeping their minimum deposits as low as $1, Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble? Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?

High minimum deposits would discourage gamblers from playing games because most people might not be able to afford them. That's also the case of high withdrawals because most gamblers would always want to withdraw as low as possible. Gamblers that have to follow their budget or financial plans strictly, then they should always read or study the terms of service of these casinos to ascertain if it is compatible with their budget. These rules concerning deposit or withdrawal limits might influence a gambler if he is loyal to or like a particular gambling company. If you feel their rules are not comfortable, instead of changing your behavior change the gambling firm.

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Quote from: Ryker1 on January 18, 2023, 06:48:06 AM

Quote from: Cryptomiles1 on January 18, 2023, 06:29:22 AM

^[snip]
So the best is for those online gambling site to reduce their depo/witd to minimal to encourage more users to join their platform.

I don't understand yet why there is a minimum upon withdrawal, it is okay for the deposit but I don't think in withdrawal, as long as you can cover the fees you can withdraw how small it is. Because that is your money even how small it is that is left in your wallet.
How many gambling casinos here did not have a minimum upon withdrawal? --can someone point me out of that casino?
However, this also brings marketing in your gambling casino, a gambler always prefers no minimum withdrawal because I am only a small-scale player which for the purpose of fun.

We are in the crypto environment, right? so a bet of less than a penny must exist, one of the things that has made me bet on traditional casino games is the possibility of betting or having a smaller bet size than in a traditional casino, that's the idea wonderfull to the cripto Casino.

Let's not get the wrong idea of thinking that with a $10 deposit you can get $100 (withdraw), it happens but it is not the average, now in a crypto-casino, so given the size of the bet offered by the casino, let's say that the average to achieve get $100 and then withdraw It doesn't vary much in your success rate, but since there are casinos that allow bets of $0.001 (or less) your stay on the way to achieve is longer.

So, it is not about how much deposit is allowed, but about the size of the bet that the casino allows, $10 in a casino with minimum bets of $0.1 is useless, you must deposit at least $100.

Then don't check the minimum deposit, check how much is the minimum bet that the casino allows and in this case the crypto casino have is a huge advantage in reference to Fiat casinos.

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Quote from: Plaguedeath on January 18, 2023, 09:43:11 AM

IMO it's better for the casino set minimum deposit and withdrawal based on the coin equivalent rather than on fiat equivalent. This because let's say if the coin price is worth for $20/each now and the casino ask minimum deposit of $20, then I make a transaction to send this coin to the casino, but after 5 minutes later the price is drop to $17, so the casino can just reject my deposit since it's lower than the minimum.

If they're using coin equivalent, anyone wouldn't get this kind problem.

I believe casinos with such system are already know what to do with such possible situation and will still process your deposit.
If they cant process it, reputable casinos will send your money back to your wallet or maybe there is one other possible way which is to send more coin to make it $20.
However I think the first case is the one that will be done by reputable casinos, price change is not our responsibility so if the value of our coin is dropped just after we send it, then we cant talk to the support of the casino.

mvdheuvel1983

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Quote from: Queentoshi on November 02, 2022, 04:24:35 PM

Someone with a strict budget of gambling with $10, decides to start online gambling after been told by a friend, but on signing up discovers that the minimum deposit accepted is above the amount budgetted for gambling. Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts?

Speaking from experience, I wouldn't say it discourages the gambler rather it offers them a choice to either increase their budget or search online for casinos that are "pocket friendly". That is, there is a low to medium deposit fee that works perfectly for them.

Quote

If yes, and that perhaps is a reason behind many other online casinos keeping their minimum deposits as low as $1, Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble?

Well, I have responded earlier, not all casinos have a pocket friendly deposit limit that is as low as $1. Becasue casino aim to be profitable and attract new clients, you may likely see new casinos with minimum deposits as low as $1. However, I doubt if well-established casinos will accept a dollar as the minimum deposit limit. It may start from $5 or $10.

Quote

Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?

The goal is to gamble more. And won't you if you already won $15 and the minimum withdrawal limit is $20?. Of course you will.

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Quote from: virasisog on January 18, 2023, 10:43:31 AM

Quote from: Strongkored on January 18, 2023, 10:10:23 AM

Quote from: Plaguedeath on January 18, 2023, 09:43:11 AM

IMO it's better for the casino set minimum deposit and withdrawal based on the coin equivalent rather than on fiat equivalent. This because let's say if the coin price is worth for $20/each now and the casino ask minimum deposit of $20, then I make a transaction to send this coin to the casino, but after 5 minutes later the price is drop to $17, so the casino can just reject my deposit since it's lower than the minimum.

If they're using coin equivalent, anyone wouldn't get this kind problem.

One of the casinos where I play uses this method, but because I have never deposited a minimum amount only, so I have never experienced problems because usually I will make a deposit of at least 2x the minimum stated by the casino, and if we find a casino that does this, use the method I have mention is enough to avoid issues or at least 1.5 of the min deposit amount.
And actually if there is a casino that has a minimum deposit eg $1 it looks good for small players but it's not because players will not be able to do much with that amount other than just play for a while and lose it all because it is almost impossible to win big or play with a long run for such a small amount of money.

High fees has really been a struggle for most gamblers for a long time already so we can't question those who are switching to other casinos that requires a lower minimum deposit and withdrawal. But as for me, if our budget is still tight and can't meet the minimum withdrawal amount, it's better if we will save for it first than to force things out. If our budget is not enough yet, that simply means that it isn't the right time for us to gamble. Meeting the minimum deposit with a reputable and trusted casino is better than risking in other casinos with low reputations but have lower minimum deposit amounts.

High transaction fee is not a problem for deposits and it does not increase the minimum deposit number. However, the minimum number of withdrawals may vary due to higher transaction fees. And it depends on the rules of the casino site that the deposit and withdrawal numbers may difference from each others site. it is normal matter.

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Quote from: virasisog on January 18, 2023, 10:43:31 AM

Meeting the minimum deposit with a reputable and trusted casino is better than risking in other casinos with low reputations but have lower minimum deposit amounts.

it will not apply to those who are already heavy gamblers. however, they want to play even if they don't have enough funds for them to deposit in a casino with a good reputation.
so they will divert their limited money to go to a casino that is currently having a promo, or a new casino that is holding interesting events for new members.

but anyway, what you say is the truth. gamble when we have the ability. if you don't have one, it's better to collect it first to play at a casino where we already know its reputation rather than trying a new casino that could make us lose our money without playing.

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Quote from: Strongkored on January 18, 2023, 10:10:23 AM

Quote from: Plaguedeath on January 18, 2023, 09:43:11 AM

IMO it's better for the casino set minimum deposit and withdrawal based on the coin equivalent rather than on fiat equivalent. This because let's say if the coin price is worth for $20/each now and the casino ask minimum deposit of $20, then I make a transaction to send this coin to the casino, but after 5 minutes later the price is drop to $17, so the casino can just reject my deposit since it's lower than the minimum.

If they're using coin equivalent, anyone wouldn't get this kind problem.

One of the casinos where I play uses this method, but because I have never deposited a minimum amount only, so I have never experienced problems because usually I will make a deposit of at least 2x the minimum stated by the casino, and if we find a casino that does this, use the method I have mention is enough to avoid issues or at least 1.5 of the min deposit amount.
And actually if there is a casino that has a minimum deposit eg $1 it looks good for small players but it's not because players will not be able to do much with that amount other than just play for a while and lose it all because it is almost impossible to win big or play with a long run for such a small amount of money.

High fees has really been a struggle for most gamblers for a long time already so we can't question those who are switching to other casinos that requires a lower minimum deposit and withdrawal. But as for me, if our budget is still tight and can't meet the minimum withdrawal amount, it's better if we will save for it first than to force things out. If our budget is not enough yet, that simply means that it isn't the right time for us to gamble. Meeting the minimum deposit with a reputable and trusted casino is better than risking in other casinos with low reputations but have lower minimum deposit amounts.

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Quote from: Ryker1 on January 18, 2023, 06:48:06 AM

Quote from: Cryptomiles1 on January 18, 2023, 06:29:22 AM

^[snip]
So the best is for those online gambling site to reduce their depo/witd to minimal to encourage more users to join their platform.

I don't understand yet why there is a minimum upon withdrawal, it is okay for the deposit but I don't think in withdrawal, as long as you can cover the fees you can withdraw how small it is. Because that is your money even how small it is that is left in your wallet.
How many gambling casinos here did not have a minimum upon withdrawal? --can someone point me out of that casino?
However, this also brings marketing in your gambling casino, a gambler always prefers no minimum withdrawal because I am only a small-scale player which for the purpose of fun.

I think there have been a link which was shared about casino's and their fees including the kyc requirements.
what I believe is that, that are trying to reduce stress after removing their charges what could be left might not be up to process fee so I think there why they always set minimal withdrawal. All these are mostly applicable to Bitcoin Deposit & withdrawal

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Quote from: Plaguedeath on January 18, 2023, 09:43:11 AM

IMO it's better for the casino set minimum deposit and withdrawal based on the coin equivalent rather than on fiat equivalent. This because let's say if the coin price is worth for $20/each now and the casino ask minimum deposit of $20, then I make a transaction to send this coin to the casino, but after 5 minutes later the price is drop to $17, so the casino can just reject my deposit since it's lower than the minimum.

If they're using coin equivalent, anyone wouldn't get this kind problem.

One of the casinos where I play uses this method, but because I have never deposited a minimum amount only, so I have never experienced problems because usually I will make a deposit of at least 2x the minimum stated by the casino, and if we find a casino that does this, use the method I have mention is enough to avoid issues or at least 1.5 of the min deposit amount.
And actually if there is a casino that has a minimum deposit eg $1 it looks good for small players but it's not because players will not be able to do much with that amount other than just play for a while and lose it all because it is almost impossible to win big or play with a long run for such a small amount of money.

Plaguedeath

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IMO it's better for the casino set minimum deposit and withdrawal based on the coin equivalent rather than on fiat equivalent. This because let's say if the coin price is worth for $20/each now and the casino ask minimum deposit of $20, then I make a transaction to send this coin to the casino, but after 5 minutes later the price is drop to $17, so the casino can just reject my deposit since it's lower than the minimum.

If they're using coin equivalent, anyone wouldn't get this kind problem.

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Quote from: leonair on January 18, 2023, 06:21:20 AM

Quote from: Queentoshi on November 02, 2022, 04:24:35 PM

Someone with a strict budget of gambling with $10, decides to start online gambling after been told by a friend, but on signing up discovers that the minimum deposit accepted is above the amount budgetted for gambling. Does high minimum deposit fees from online casino discourage gamblers who want to stick to a budget and influences them to gamble with bigger amounts? If yes, and that perhaps is a reason behind many other online casinos keeping their minimum deposits as low as $1, Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble? Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?

It is good to know the minimum dollar deposit and withdrawal amount at a casino. It keeps a lot of confusion out of your mind. As per my knowledge you can deposit minimum one dollar in any casino. However, some casinos limit the withdrawal amount from $5 to $20. For this, first of all, you need to carefully observe the regulations of the casino where you are going to gamble. There you can see for yourself what the casino's minimum and maximum limits are

Before playing a gambling casino the user must need to know what are the rules of it that are included with their FaQs and Terms & condition that's why reading is a must before making a deposit some of them make a complain just make a deposit and then play if they don't want anymore they want to withdraw in some cases freeze their account because of the possible problem with their activity like tag a suspicious account, in terms of deposit most of the time I saw casino making an offer with the minimum of 5 USD and allowing withdrawal with the 10 USD just most I see not of all casino offering this kind of limits.

Topic: Minimum deposit and minimum withdrawal. - page 2. (Read 1673 times)