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Topic: Minimum deposit and minimum withdrawal. - page 5. (Read 1633 times)

sr. member
Activity: 2828
Merit: 357
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November 10, 2022, 02:23:16 AM
Yes the minimum deposit is comparatively low in most of the casino taking small gamblers also into mind but there are different restrictions on the withdrawal amount like you need to gain some amount from your bet say $10 minimum to withdraw covering your fees as well but deposit are very low which can be easily induced.
and some even asked for wagering requirements before withdrawals , but some questionable sites even ask for KYC before letting you get the funds because of their own intention to banned or blocked your account.
this is the same reason why we need to engage  only to those popular and trusted gambling sites that we had in forum and even those sites that being published till this day.
full member
Activity: 1834
Merit: 166
November 10, 2022, 02:04:50 AM
Yes the minimum deposit is comparatively low in most of the casino taking small gamblers also into mind but there are different restrictions on the withdrawal amount like you need to gain some amount from your bet say $10 minimum to withdraw covering your fees as well but deposit are very low which can be easily induced.
legendary
Activity: 2534
Merit: 1338
November 10, 2022, 12:38:48 AM
-snip-
We are the ones who have to adjust to the casino because we are the ones who want to gamble. If the minimum deposit is above our budget, we are better off looking for another casino that has the lowest minimum limit of our budget. It won't force us to try to deposit some budget to gamble. In addition, we also don't need to change the budget we have just for gambling because when we find a casino with a minimum deposit that is lower than our budget, it means we can deposit more than that and play gambling. By knowing the casino with the lowest minimum deposit, we don't have to worry about how we can increase the amount of the budget and not use the budget for other things.

On my part, I think I won't be moving to another casino simply because I don't have the minimum deposit for my casino of choice yet. For me, the minimum deposit is not the determining factor in choosing a casino. There are many other bases in choosing a casino and it is not a very special consideration that a casino should have a very low minimum deposit, although it definitely matters. So I guess I would just save more money and go back to the same casino as soon I have the necessary amount.
I suppose that for some people the minimum deposit of a casino is something important but I doubt this is the case for the majority of the gamblers out there, and this is because the minimum deposit at most cryptocurrency casinos is very low if we compare it to what we see in other fiat online casinos, besides even if our budget is so limited we need to give to this factor some extra attention it should not be above other important characteristics like the reliability and the reputation of the casino in which we want to gamble.
hero member
Activity: 2912
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November 07, 2022, 10:01:38 PM
On my part, I think I won't be moving to another casino simply because I don't have the minimum deposit for my casino of choice yet. For me, the minimum deposit is not the determining factor in choosing a casino. There are many other bases in choosing a casino and it is not a very special consideration that a casino should have a very low minimum deposit, although it definitely matters. So I guess I would just save more money and go back to the same casino as soon I have the necessary amount.
Indeed, the minimum deposit is not the determining factor, but maybe that is what people think before they choose their casino. But we can say we are lucky because there are still some casinos with very low minimum deposits, and those have such a good reputation that it becomes a place for us to start gambling. What we need to pay attention to is that the casino has to have a good reputation, and I think we already have that casino. And actually, we don't need to move to another casino if we have found a reputable casino with a low minimum deposit.
sr. member
Activity: 2366
Merit: 366
November 07, 2022, 09:16:32 PM
-snip-
We are the ones who have to adjust to the casino because we are the ones who want to gamble. If the minimum deposit is above our budget, we are better off looking for another casino that has the lowest minimum limit of our budget. It won't force us to try to deposit some budget to gamble. In addition, we also don't need to change the budget we have just for gambling because when we find a casino with a minimum deposit that is lower than our budget, it means we can deposit more than that and play gambling. By knowing the casino with the lowest minimum deposit, we don't have to worry about how we can increase the amount of the budget and not use the budget for other things.

On my part, I think I won't be moving to another casino simply because I don't have the minimum deposit for my casino of choice yet. For me, the minimum deposit is not the determining factor in choosing a casino. There are many other bases in choosing a casino and it is not a very special consideration that a casino should have a very low minimum deposit, although it definitely matters. So I guess I would just save more money and go back to the same casino as soon I have the necessary amount.
hero member
Activity: 2408
Merit: 584
November 07, 2022, 03:06:55 PM
Coming from a third-world country, $1 is already a big amount it's equivalent to 2 lottery tickets here and you still have $0.20 change I consider the $1 deposit as a good consideration for people coming from a third-world country, for $1 they can test the
the site, but there should be a minimum threshold to withdraw, or there will be congestion if they will allow no minimum withdrawal. 
Gambling sites don't need to give that consideration to users from 3rd world countries. If the budget is really not that big, these people should not try their luck at gambling. A $1 deposit also requires fees and if multiple $1 will be deposited at different times, these people are just wasting some money on fees.

There should be a local gambling place that is present at these places. That's where they can gamble their low-budget amount and not on online gambling sites.
Like it or not, there will always be gambling sites like that who care about small players and that is why they don't set a minimum deposit but just minimum withdrawal. This is to avoid spamming the network as what @robelneo said. There are fees for depositing but if they will use cheap alts, they will still be left with something. They can try their luck on games with huge multipliers and If they ever they get lucky, they can turn their dollar to a decent amount.

There are offline gambling but they are not that accessible compared to online. You will need to commute and pay. Can't imagine how will be left with your one dollar if you will insist of gamble on them.
hero member
Activity: 2170
Merit: 530
November 07, 2022, 11:40:12 AM

Yes, because there are a lot of experienced gamblers, they want to test the site first and deposit the smallest amount possible to try it out. Most casinos have low deposit limits, but with withdrawals, not all are the same, as most have a minimum withdrawal. I think they implemented it so that it cannot be abused and also helps you not to always withdraw because of the fees, but mostly because they want you to keep your money for longer periods as it will take a few days to meet the minimum withdrawal. Most of the gamblers that have a really low budget really want the minimum deposit and withdrawal to be low because they can withdraw anytime if they want it or gain a small profit, and also because a low deposit can attract other gamblers to try and test their website by depositing only a little money.
I agree, I don't have any problem with the minimum deposit and witdrawal I just hope that some casinos will have more options of coins that can be swap in their website, I only see usdt,btc, eth ,tron, bnb in some casinos I play before I hope they can add more so if a certain has a problem we can use another chain or we call know that gas fees in these coins are different to each other. Minimum deposit is not a problem at all.
hero member
Activity: 1498
Merit: 547
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November 07, 2022, 10:59:51 AM
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?

I think it also depends on the deposit method we choose, if there are fees involved for the casino which don't make it profitable to deposit only $1 or $5, then the casino shouldn't offer it. I understand that money is always relative, and some people can't afford more money to gamble with. If we have more money at the casino we might be encouraged to gamble more than we should. But this is on us, we need to have our emotions under control and set a certain limit with which we only gamble. The same goes allowing withdrawals only after a certain threshold, this is for the casino to save fees and have gamblers leave some more money at the casino. We need to have ourselves under control and remain disciplined. There is also a positive thing about depositing larger amounts, we can take more advantage of promotions. Especially first time deposit bonuses are very nice to have and we should deposit as much as possible to get the full benefit.
I understand your point of view in regard to the withdrawal and withholding of users on withdrawal until they reached the minimum withdrawal amount, and most casinos are like this, but you can always try to lower your withdrawal on other altcoins that has lesser fees.

However, the deposit limit should not be set to anything and let it be to any amount as the users will be the one who shoulder the transaction fees on this one. Also, what would happen if a user wanted to deposit 50 USD to a gambling platform that sets a 50USD deposit limit but while transferring the price fluctuates and changes to 49USD instead, where will the funds sent to in this kind of scenario?
hero member
Activity: 2352
Merit: 594
November 07, 2022, 09:08:00 AM
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?

Yes, because there are a lot of experienced gamblers, they want to test the site first and deposit the smallest amount possible to try it out. Most casinos have low deposit limits, but with withdrawals, not all are the same, as most have a minimum withdrawal. I think they implemented it so that it cannot be abused and also helps you not to always withdraw because of the fees, but mostly because they want you to keep your money for longer periods as it will take a few days to meet the minimum withdrawal. Most of the gamblers that have a really low budget really want the minimum deposit and withdrawal to be low because they can withdraw anytime if they want it or gain a small profit, and also because a low deposit can attract other gamblers to try and test their website by depositing only a little money.
hero member
Activity: 2268
Merit: 789
November 07, 2022, 08:54:21 AM
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?

Online gambling companies have their respective standards as to which the amount of minimum withdrawal may be. This is so because this is something that keeps them protected against the odds. Imagine, you have $1 on your pocket and you suddenly won the entire jackpot. Of course, this may seem impossible due to the number of odds against you but it is definitely possible.

Quote
[/i]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 actually depends on which perspective you are viewing it. I am on the opinion that minimum withdrawals are required in order to protect the gambling company from bankruptcy. It somehow gives this blanket of protection by allowing a $10 minimum fee to access its games, etc.
sr. member
Activity: 1316
Merit: 379
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November 07, 2022, 08:53:52 AM
This is a serious issues when come in terms of deposit and withdrawal minimal/maximal
initially when i started online gambling it was a big deal for me to go above my monthly budget which i have already place in mind to use and gamble, sometimes you could like or prefer a specific gambling site but due to their restriction on minimal deposits or minimal withdrawal one might gets discourage to look for a more friendly gambling site which can accept the list depo/withdrawal amount to gamble with. So in summary it really influences the player to leave or look for a more friendly gambling site to bet and gamble over there with the list amount.
hero member
Activity: 1694
Merit: 516
November 07, 2022, 08:03:49 AM
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?

I think it also depends on the deposit method we choose, if there are fees involved for the casino which don't make it profitable to deposit only $1 or $5, then the casino shouldn't offer it. I understand that money is always relative, and some people can't afford more money to gamble with. If we have more money at the casino we might be encouraged to gamble more than we should. But this is on us, we need to have our emotions under control and set a certain limit with which we only gamble. The same goes allowing withdrawals only after a certain threshold, this is for the casino to save fees and have gamblers leave some more money at the casino. We need to have ourselves under control and remain disciplined. There is also a positive thing about depositing larger amounts, we can take more advantage of promotions. Especially first time deposit bonuses are very nice to have and we should deposit as much as possible to get the full benefit.
hero member
Activity: 2912
Merit: 556
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November 07, 2022, 06:12:10 AM
In my case I think I would rather not proceed gambling if my tight budget is below the minimum. I am not a rich man so I cannot afford to just adjust with a casino's minimum. Perhaps I might save a little more so that the next time I really want to gamble, I'm sure I have the money to at least allow me to play. And I think this is better so that I won't end up gambling all the time. If the minimum is so low, I might end up gambling every time I have a little extra money. That would not only be a big waste of money but also time.
We are the ones who have to adjust to the casino because we are the ones who want to gamble. If the minimum deposit is above our budget, we are better off looking for another casino that has the lowest minimum limit of our budget. It won't force us to try to deposit some budget to gamble. In addition, we also don't need to change the budget we have just for gambling because when we find a casino with a minimum deposit that is lower than our budget, it means we can deposit more than that and play gambling. By knowing the casino with the lowest minimum deposit, we don't have to worry about how we can increase the amount of the budget and not use the budget for other things.
hero member
Activity: 3164
Merit: 660
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November 07, 2022, 03:31:16 AM
It is already given, the lower the deposit requirement, the more people are able to play or test their casino platform.  Casino need to adjust in this area so that they can cater more players specifically the minnows.  Same apply with withdrawal, With lower withdrawal minnows who wanted to pocket their winnings will be satisfied because they are able to withdraw in as little amount as possible.
Since everything is business in gambling, then most of the gambling casinos prefer low minimum deposit as well as its withrawal so they can attract and cater a lot of customers from different social class which simply means, more players, more profits to enter in the house. And since most of the gamblers are regular gamblers, then they can play as much as they can even with a small budget.
hero member
Activity: 1106
Merit: 570
November 07, 2022, 01:15:05 AM
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?

Certainly yes  from the illustration, most times when you want to try out something new, especially with real cash, most persons especially someone like me wouldn't want to try it out with a higher amount even when I'm not on a budget.
$10 deposit is a relatively nice amount for a minimum deposit and $5 is also a nice value for withdrawal, this two figures respectively, would boost the morale of a player to give the game a trial.

Then in cases of someone with a strict budget, then I think it isn't a point of contemplation, as the player would turn back without a second thought and the casino then loses a player too.
So I stand on the ground that both the deposit and withdrawal should be relatively small to accommodate all budget classes too.
legendary
Activity: 2534
Merit: 1338
November 06, 2022, 11:40:18 PM
Coming from a third-world country, $1 is already a big amount it's equivalent to 2 lottery tickets here and you still have $0.20 change I consider the $1 deposit as a good consideration for people coming from a third-world country, for $1 they can test the
the site, but there should be a minimum threshold to withdraw, or there will be congestion if they will allow no minimum withdrawal. 

Gambling sites don't need to give that consideration to users from 3rd world countries. If the budget is really not that big, these people should not try their luck at gambling. A $1 deposit also requires fees and if multiple $1 will be deposited at different times, these people are just wasting some money on fees.

There should be a local gambling place that is present at these places. That's where they can gamble their low-budget amount and not on online gambling sites.
I think the same as well, one dollar is an amount which is already low enough, if someone still has a problem with that amount and believes it is too high then that person should not be gambling anyway, after all gambling should be a hobby we practice with our spare money, if we do not have money to spare there are many other hobbies which we can practice that are free, so I do not think we should ask for casinos to be more flexible than what they are already.
sr. member
Activity: 2366
Merit: 366
November 06, 2022, 11:22:07 PM
In my case I think I would rather not proceed gambling if my tight budget is below the minimum. I am not a rich man so I cannot afford to just adjust with a casino's minimum. Perhaps I might save a little more so that the next time I really want to gamble, I'm sure I have the money to at least allow me to play. And I think this is better so that I won't end up gambling all the time. If the minimum is so low, I might end up gambling every time I have a little extra money. That would not only be a big waste of money but also time.
legendary
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November 06, 2022, 10:23:17 PM
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?
No, I don't think that's the reason behind it. Perhaps it is just a waste of time if you are betting that small.

[/i]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?
The minimum deposit is to avoid wasting time and heavy traffic in the system while minimum withdrawal has the same reasons with the addition of wasting money for transaction fees.
Overloading the system will mean more maintenance and a gambling site cannot afford to be offline a lot of times than being online 24/7.
They don't want you in and out for small amounts, and this also prevents those trying to cause traffic by just spamming the network. An "attack" to be short.
legendary
Activity: 2940
Merit: 1083
November 06, 2022, 07:51:34 PM
Coming from a third-world country, $1 is already a big amount it's equivalent to 2 lottery tickets here and you still have $0.20 change I consider the $1 deposit as a good consideration for people coming from a third-world country, for $1 they can test the
the site, but there should be a minimum threshold to withdraw, or there will be congestion if they will allow no minimum withdrawal. 

Gambling sites don't need to give that consideration to users from 3rd world countries. If the budget is really not that big, these people should not try their luck at gambling. A $1 deposit also requires fees and if multiple $1 will be deposited at different times, these people are just wasting some money on fees.

There should be a local gambling place that is present at these places. That's where they can gamble their low-budget amount and not on online gambling sites.
hero member
Activity: 3024
Merit: 745
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November 06, 2022, 07:45:17 PM
The minimum withdrawal is also a very handy feature, I think that many pay attention to it.
Many does. Because whatever is the minimum amount, it is what's the most affordable for most depositors and players and that's why it's also getting more people to try it when they've got an affordable minimum withdrawal amount.
Aside from that, one to contest is also deposit and if both clicks, it's convenient for most of the gamblers that don't spend a lot with their gambling activities and they can come handy anytime on them if they wish to.
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