Minimum deposit and minimum withdrawal. - page 3.

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Quote from: Yatsan on November 02, 2022, 09:24:10 PM

Quote from: Queentoshi on November 02, 2022, 05:24:35 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?

Low minimum deposit and withdrawal may encourage people to gamble or engage into such activity because to most of the things, capital is the problem. If it would be low, it will give them the opportunity to experience or play the games of their interest. I guess, some gambling sites has high minimum deposits to keep the accounts active and to kepp their players. My idea is in line with banks wherein there should be a specific amount in order to withdraw our savings; amount less than that won't do. Another consideration on my perspective is the tax and transaction fees which should be an additional amount to the minimum deposit or withdrawal. These are just guesses so feel free to correct me.

But I haven't encountered gambling sites which are requiring that much for the withdrawal and deposit amounts. Maybe it also depends on the platforms or casinos themselves.

I believe that the casino uses the minimum withdrawal in order to make the customer spend more money. After all, if a customer has funds in his account that he is unable to withdraw, he will either spend them or return to the same casino by making a deposit. In my opinion, this is something of a marketing move to retain the customer.

Another option I can suggest that the minimum withdrawal operates in order not to overload the system withdrawal casino. After all, with the introduction of the minimum possible withdrawal threshold number of requests for withdrawal is reduced.

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Quote from: Queentoshi on November 02, 2022, 05:24:35 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?

You need to understand the reason why many of those casinos do make a decision on the minimum amount for deposit. Most time for new casinos, they do consider a minimum deposit amount of $5 to $1 because they were doing that to attract more gamblers to there casinos because some gamblers would always decide on testing the casino whether it worth using or not. This alone could attract potential gamblers to the casino.

Some casinos make there minimum deposit to be here because of the kind of game they have and also some of the casinos that has been in gambling for long would not mind increasing the minimum deposit higher than $10. It all depends on the project team involved.

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Quote from: Cryptomiles1 on January 18, 2023, 07:29:22 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.

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I have seen a scenario where one gamble with cent and win millions, in a way that casino and gambling platform do not set their limit very low it would discouraged gamblers to source for another lower gambling sites that allows at least $0.9 as minimal deposit to gamble. Same thing applicable with the withdrawal limit as well.
So the best is for those online gambling site to reduce their depo/witd to minimal to encourage more users to join their platform.

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Quote from: Queentoshi on November 02, 2022, 05:24:35 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

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Quote from: armanda90 on January 18, 2023, 05:57:36 AM

Minimum deposit and withdraw I think depend each casino gambling platform and I found with sport betting casino platform have fewest cent ability for betting but they don't have any minimum for deposit. I checked with Stake there are not any minimum deposit but have rule for minimum withdrawing$2.5 for USDT coin and have paying $1 as fees transaction.

There are not problem for beginner or some one want to make funny about gambling platform by deposit small fund, but they have wager more and try lucky how to earn until minimum fund for withdrawing. I don't think with other gambling platform site, actually each gambling casino platform have difference minimum amount for deposit and withdrawing.

Yes, it will depend on each casino and having a low minimum withdrawal makes it easier for every gambler to withdraw their money so they don't have to wait until their balance reaches the minimum threshold to withdraw their money.

As for deposits, each casino also does not want to apply a minimum limit that is too high for gamblers because casinos realize that many small gamblers want to try their luck so this makes casinos allow small amounts of deposit. This also makes gamblers interested in depositing the minimum amount from the casino so they can immediately use it to play gambling. And if they lose, they can deposit a larger amount and sometimes get a bonus from the casino.

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Quote from: TopTort777 on January 18, 2023, 06:09:41 AM

Quote from: armanda90 on January 18, 2023, 05:57:36 AM

There are not problem for beginner or some one want to make funny about gambling platform by deposit small fund, but they have wager more and try lucky how to earn until minimum fund for withdrawing. I don't think with other gambling platform site, actually each gambling casino platform have difference minimum amount for deposit and withdrawing.

You mean that before withdrawing, gambler must wager his deposit? This looks unfair, because he can loose his deposit while wagering. But there is an explanation for such rule. With that, casinos protect themselves from money laundering. As some users use casinos like mixers. Deposit address is not withdrawal address. So some people deposit shady money and immediately withdraw clean. Mixers charge you from 0.03 to several percent, depend on amount you mix. Casinos charge you only withdrawal fee.

This is why we do see some users who do make out accusations that a casino is a scam because they cant able to pull out their deposit but in general terms and conditions which this is really a standard thing
and people should really know about this so that they wont really be looking like a fool which do make out accusations without knowing on whats the real thing.These casinos are regulated which means that they are really that abiding some laws and regulations which needs to be followed which means that money laundering would be always the main reason on why they are really putting up that wager requirement
for them to not let depositors do make use them as mixers of their funds.So wagering requirement would do its job.

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Quote from: armanda90 on January 18, 2023, 05:57:36 AM

There are not problem for beginner or some one want to make funny about gambling platform by deposit small fund, but they have wager more and try lucky how to earn until minimum fund for withdrawing. I don't think with other gambling platform site, actually each gambling casino platform have difference minimum amount for deposit and withdrawing.

You mean that before withdrawing, gambler must wager his deposit? This looks unfair, because he can loose his deposit while wagering. But there is an explanation for such rule. With that, casinos protect themselves from money laundering. As some users use casinos like mixers. Deposit address is not withdrawal address. So some people deposit shady money and immediately withdraw clean. Mixers charge you from 0.03 to several percent, depend on amount you mix. Casinos charge you only withdrawal fee.

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Quote from: Apocollapse on January 18, 2023, 04:12:09 AM

I think it will depend on which coins since some coins has expensive fee and it also depends on the casino's game. It doesn't make sense if you're only deposit $1 for online bookie since the minimum stake is usually $1, you can't even bet anything if your funds is less than $1. Some slots also ask for minimum of $1 for each spin, it would be different if the casino has their own game. You can even bet for 1 satoshi for each spin.

Minimum deposit and withdraw I think depend each casino gambling platform and I found with sport betting casino platform have fewest cent ability for betting but they don't have any minimum for deposit. I checked with Stake there are not any minimum deposit but have rule for minimum withdrawing$2.5 for USDT coin and have paying $1 as fees transaction.

There are not problem for beginner or some one want to make funny about gambling platform by deposit small fund, but they have wager more and try lucky how to earn until minimum fund for withdrawing. I don't think with other gambling platform site, actually each gambling casino platform have difference minimum amount for deposit and withdrawing.

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Quote from: QueenVera on January 18, 2023, 02:03:17 AM

Just from your illustration, one needs not to be told that minimum deposit and withdrawal have a very great role to play especially for new casinos who are trying to stay relevant in the industry.
Your illustration also stated that, the player was a newbie on that very casino and has a budget and I guess his budge was because he first wanted to test how good the casino would be when it comes to deposit and withdrawal and these are the first two things I have to think of before hopping into a gambling site because I wouldn't want a situation where it seems I got lured into the site with minimum deposit and when it gets to withdrawal, it then becomes very difficult to withdraw.
Minimum deposit and withdrawal has a great role to play in online casinos.

Yes, I agree with what you have said that indeed the deposit and withdrawal limits have an important role for a gambler to keep playing at the casino.
Whether it's small gamblers or gamblers with large capital, they will both be more concerned with matters regarding deposits and withdrawals. The time needed for a transaction is no less important because with a short transaction time and without any obstacles, gamblers can feel that the casino has a team. responsive and agile managers in completing all transactions at the casino.
So every casino cannot ignore this because almost the majority of gamblers always want to use a good casino for every transaction in it.

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Quote from: Bitinity on January 18, 2023, 05:07:06 AM

Although no one will make a cent deposit, but having low minimum deposit is a big plus for the casino to attract players.

Agree on that. Why should someone set limits for deposit anyway? If casino wants to limit rich players from those who are not - I dont know, make different slots, tables. 1 cent or 1 dollar, it does not matter, it is money anyway. They both have equal purchasing power. If a gambler wants to make 100 transactions worth 1 cent to bet 1 dollar. Then be my guest, feed miners, they want to eat too Cheesy

Withdrawals is different story. If casino pay for transaction, then it is ok to have minimum amount. Otherwise casinos budget can be abused. But that amount should be reasonable. Allowing to deposit 1 cent and set withdrawal minimum to 100 bucks is wrong, or I would say I even smell course called "Le Scam" here.

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Quote from: dothebeats on December 11, 2022, 05:31:05 PM

I play with as little as $20 yet I manage to enjoy every single bit of it and last for 2 hours minimum at the casino I frequent on. If you're looking to kill time and get some entertainment off betting, you'll adjust your betting patterns to match your current budget. Not really a hard sacrifice for us who enjoys gambling as is no matter how small our budget is. In fact, it even serves as a challenge to see whether I'm able to withdraw anything after the session or not.

When it comes to in-house games 10-20 dollars is a nice starting balance, especially in some low-cost coins... my favorite is TRX (but I like a few others as well), and $20 is more than 300 TRX. Having in mind that the minimum bet can be with many decimals it makes it perfect for setting up some auto-betting strategies, or for chasing some very high payouts.
And gambling should be about entertainment and killing some time doing something interesting, I don't think the budget is crucial here, everyone should play with money they can afford to lose/spend on fun.

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Quote from: Apocollapse on January 18, 2023, 04:12:09 AM

Quote from: bettercrypto on January 18, 2023, 03:51:51 AM

You know that usually in crypto gambling in the industry, the minimum deposit is 20$ or more my knowledge and experience of gambling websites.

Maybe for others the 1$ lowest deposit is encouraging to gamblers who hope to grow their small gambling capital, but for gamblers who want to gamble in casinos, I think that if they want to gamble it will make a way for them to only be able to gamble in crypto gambling.

I think it will depend on which coins since some coins has expensive fee and it also depends on the casino's game. It doesn't make sense if you're only deposit $1 for online bookie since the minimum stake is usually $1, you can't even bet anything if your funds is less than $1. Some slots also ask for minimum of $1 for each spin, it would be different if the casino has their own game. You can even bet for 1 satoshi for each spin.

There are many casinos that lets players to bet cents not only for sports but also for slots game. Means that making $1 deposit does make sense although this amount can be used for few bets only. As additional note, it does make sense if the player use coin with cheap tx fee. Back to minimum deposit, I still see there still some casino without minimum deposit rules, means that players can deposit any amount they wish. Although no one will make a cent deposit, but having low minimum deposit is a big plus for the casino to attract players.

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Quote from: bettercrypto on January 18, 2023, 03:51:51 AM

Quote from: Queentoshi on November 02, 2022, 05:24:35 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?

You know that usually in crypto gambling in the industry, the minimum deposit is 20$ or more my knowledge and experience of gambling websites.

Maybe for others the 1$ lowest deposit is encouraging to gamblers who hope to grow their small gambling capital, but for gamblers who want to gamble in casinos, I think that if they want to gamble it will make a way for them to only be able to gamble in crypto gambling.

I don't see anything wrong in having a high minimum deposit, his money is not lost until he stakes, the person always has an option to check other casinos that accepts lesser than his budget or add up some funds to meet up their minimum deposit then stake 10 dollars at the moment, another day he can stake the remaining. But such a person is not yet ready to gamble, because it's like paying for a hotel bill that's above your budget and starts bothering if such bill discourages other people or encourage them to pay higher. Gambling is fun and recreational, and if you can't meet up with a specific casino price try other ones like the 1 dollar minimum. What matters is going there and coming out happy. Regardless of win or loss.

On the other hand, only gambling newbies will get carried away by the 1$ minimum deposits. A player should have in mind how much they'll want to gamble for the period of their stay in the casino and they're no need to bother about how much the minimum withdrawal is, the money there is meant for gambling and a player shouldn't be in a hurry to withdraw his funds, that is, if he truly budgeted the funds he deposited on the casino for gambling purposes.

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Quote from: bettercrypto on January 18, 2023, 03:51:51 AM

You know that usually in crypto gambling in the industry, the minimum deposit is 20$ or more my knowledge and experience of gambling websites.

Maybe for others the 1$ lowest deposit is encouraging to gamblers who hope to grow their small gambling capital, but for gamblers who want to gamble in casinos, I think that if they want to gamble it will make a way for them to only be able to gamble in crypto gambling.

I think it will depend on which coins since some coins has expensive fee and it also depends on the casino's game. It doesn't make sense if you're only deposit $1 for online bookie since the minimum stake is usually $1, you can't even bet anything if your funds is less than $1. Some slots also ask for minimum of $1 for each spin, it would be different if the casino has their own game. You can even bet for 1 satoshi for each spin.

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Quote from: Queentoshi on November 02, 2022, 05:24:35 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?

You know that usually in crypto gambling in the industry, the minimum deposit is 20$ or more my knowledge and experience of gambling websites.

Maybe for others the 1$ lowest deposit is encouraging to gamblers who hope to grow their small gambling capital, but for gamblers who want to gamble in casinos, I think that if they want to gamble it will make a way for them to only be able to gamble in crypto gambling.

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Quote from: minime0105 on December 11, 2022, 05:34:08 PM

Quote from: redsun114 on December 11, 2022, 05:24:03 PM

Quote from: minime0105 on December 11, 2022, 04:00:12 AM

Do you know that stating that someone should bet much in casino because of withdrawal aspect, do you realize that casino is a gamblling which you hold it at hand, because you can lose or you win it because the way I'm seeing gambling, what i can encourage is that someone should invest in gambling what it can afford to lose, because the way I'm seeing what's happening in gambling it's not what someone can bring it's fund to invest.

I bet he knows that already but who wouldn't be? It only takes a common sense to know that gambling places are so risky as you can lose your money on them if you won't win. Minimum deposits on most gambling sites are usually low and very affordable even for a small gambler so what you are saying there of invest only amounts that we can afford to lose can still be followed.

We only need to make sure that we don't keep on redepositing once we lose the money that is intended for playing. We need to take a rest and come back playing again after some time to ensure that we won't be addicted. Anyway, there's also a gambling site which lets you invest on them.

Some people does not understand such concept because they do think that gambling is all about consistency and curiosity, gambling if you are winning in the gamblling, that's not what supposed to make you to say that gambling most be constantly played, even though you are in the losing side of gambling, you will still undergoes such, you are right by taking some break in gambling if you are in losing part even though you are winning part what increased the loss in gambling is when you lose and you became curious to get it back.

I agree with most of your opinion but not all, as when one is winning in gambling, they would always want to continue gambling. After all, why do I need a break if what am doing is earning me consistent income? But for losing, that's where the problem comes in, gamblers tend to want to play again to recover their losses, and this might lead to more losses until some might be addicted to it in the pretence of recovering their losses or want to be rich through gambling.

While some would take a break and return later like you rightly said.

QueenVera

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Just from your illustration, one needs not to be told that minimum deposit and withdrawal have a very great role to play especially for new casinos who are trying to stay relevant in the industry.
Your illustration also stated that, the player was a newbie on that very casino and has a budget and I guess his budge was because he first wanted to test how good the casino would be when it comes to deposit and withdrawal and these are the first two things I have to think of before hopping into a gambling site because I wouldn't want a situation where it seems I got lured into the site with minimum deposit and when it gets to withdrawal, it then becomes very difficult to withdraw.
Minimum deposit and withdrawal has a great role to play in online casinos.

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Quote from: redsun114 on December 11, 2022, 05:24:03 PM

Quote from: minime0105 on December 11, 2022, 04:00:12 AM

Do you know that stating that someone should bet much in casino because of withdrawal aspect, do you realize that casino is a gamblling which you hold it at hand, because you can lose or you win it because the way I'm seeing gambling, what i can encourage is that someone should invest in gambling what it can afford to lose, because the way I'm seeing what's happening in gambling it's not what someone can bring it's fund to invest.

I bet he knows that already but who wouldn't be? It only takes a common sense to know that gambling places are so risky as you can lose your money on them if you won't win. Minimum deposits on most gambling sites are usually low and very affordable even for a small gambler so what you are saying there of invest only amounts that we can afford to lose can still be followed.

We only need to make sure that we don't keep on redepositing once we lose the money that is intended for playing. We need to take a rest and come back playing again after some time to ensure that we won't be addicted. Anyway, there's also a gambling site which lets you invest on them.

Some people does not understand such concept because they do think that gambling is all about consistency and curiosity, gambling if you are winning in the gamblling, that's not what supposed to make you to say that gambling most be constantly played, even though you are in the losing side of gambling, you will still undergoes such, you are right by taking some break in gambling if you are in losing part even though you are winning part what increased the loss in gambling is when you lose and you became curious to get it back.

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Quote from: lienfaye on December 11, 2022, 03:54:27 AM

Quote from: traderethereum on December 11, 2022, 03:08:32 AM

If it's money that you don't use, you can deposit more than the minimum deposit amount so you can use it to play games that require a minimum deposit to get the bonus and also play other games.
I sometimes use that method because I can deposit more money than the deposit amount.
But maybe that won't apply to people who play gambling just for fun and don't care about anything else.
They want to reach the minimum deposit amount to play gambling and if that means they can get a bonus from the minimum deposit, that's a gift for them.

The thing is, if your deposit is only minimum you can't try and enjoy many games since you have limited funds and worse if you're not lucky with the first game you play, you might lose it early. So it depends on the players why they gamble, is it to try your luck and earn? Or to enjoy the games and entertain yourself? If the latter is your reason then it's not much a concern if you only have minimum amount for deposit. Though we often advice to just play in moderation with the money you can afford to lose so that you'll have no regrets even you lose your money in gambling.

I play with as little as $20 yet I manage to enjoy every single bit of it and last for 2 hours minimum at the casino I frequent on. If you're looking to kill time and get some entertainment off betting, you'll adjust your betting patterns to match your current budget. Not really a hard sacrifice for us who enjoys gambling as is no matter how small our budget is. In fact, it even serves as a challenge to see whether I'm able to withdraw anything after the session or not.

Topic: Minimum deposit and minimum withdrawal. - page 3. (Read 1633 times)