Topic: Minimum deposit and minimum withdrawal. - page 7. (Read 1654 times)
Anyone really low budget might have to wait a few months and save up the amount required to play as a minimum required. I dont see it as a negative especially because if you really have no capital in the world to spare, its not that advisable to be gambling so perhaps the bar is best for either of the parties concerned. Some thought before action is often advisable, I wouldnt really call this any discrimination or unfair obstacle.
I agree. Who wants to deposit $1 or less in a gambling site? Even if the minimum bet is one satoshi. When you win you won't win anything.
there are 2 possibilities when people make a small deposit of around $1, first they just want to have fun and don't aim to make money, spend time betting there for example playing dice roll games until they get bored, secondly they just want to test the casino site they play is fraudulent or not so he put it to the test by making a small deposit 
I support minimum deposit it depends on what kind of tokens or coins the casino is accepting, for token-based they can accept as low as $1 for Coin based like Bitcoin $3 is already good, this is to test the site and encourage newbies and low budget to play, but when it comes to withdrawal there should be a threshold or else gamblers will just withdraw whatever amount they have in their balance and this will cause an issue for the casino.
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?
Very low deposits will only create problems for the casino. If there are no minimum deposit requirement, exploiters and abusers can keep on sending dust amount to crash their deposit system. Things will become expensive for the casino. If there is no minimum withdrawal, abusers will find way to abuse and take advantage of the casino. Imagine thousands of request of 0.1 cent worth of coins. 
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?
For new players, who want to try the casino first, so they can check for Provably fair, if the casino does not offer faucets then they should accept a minimum deposit even as low as $1Quote
[/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?
Yes its one of the factors to encourage gamblers to play, they can even use that $1 minimum deposit to refer their friends because the minimum deposit, I have a friend who treats his referrals for a $1 top up so they can encourage them to sign up, play and check the features
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 it is very important and most time big minimum deposit can make gamblers to stop using a particular casino because it can be more than their budget. That is why many new casinos normally make their minimum deposit to be very small do that it can attract new gamblers to join their casino.This is very important means to attract gamblers to a platform which is very necessary and this will keep new gamblers to use the casino with fast growth. Everybody as there own budget when we want to gamble so the minimum deposit can affect our gambling activities.
As they say, it is better to have 1000 minnows than having just 1 whale because the business will be dead if this whale shifts to other casinos.
If we take a look at those famous crypto casinos here, I think none of them has an insane minimum required deposit before we can play. However, if a user is in a situation where they feel that they can't afford the minimum deposit, there are lots of other gambling sites to choose from.
Referring to OP's friend, a $10 budget on gambling is something that really not that much. There are also associated fees in every transfer that's why OP's friend might end up paying more fees if after losing that $10 budget, the eagerness to continue is still there as chasing loss is already common especially when a gambler got pumped up.
About minimum withdrawal, as long as it's not crazy to reach then it's fine. For that, it's a good habit to read the terms about deposit and withdrawal and try to check what are the minimum in order not to be surprised. If not mentioned on terms, contact the support.
Usually for the minimum withdrawal, it's written on the withdrawal slip or page and that's an easy find to do. For some casinos, in terms of deposit, they're offering an instant confirmation or zero confirmation and your deposit can be used already on them to gamble as soon as it's reflecting on their network's address.
But it can't be implemented by most since there's a drawback there and it could lose them funds.
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?
In that case, your friend has no choice but to meet the required minimum deposit. That's not discouragement but rather the site is even saving your friend to save fees especially if we are talking about crypto-gambling sites here. Besides, tell frankly your friend that $10 is not enough to pursue gambling even just for fun.
About minimum withdrawal, as long as it's not crazy to reach then it's fine. For that, it's a good habit to read the terms about deposit and withdrawal and try to check what are the minimum in order not to be surprised. If not mentioned on terms, contact the support.
They might differ on small scale but there are platforms which do really ask lesser compared to others.Its a matter of research and looking for that one as we do have lots of options.
If you do really want to play badly on a site because it do looks good and its bonus are good then you wouldn't really be having no option but to deal off with their
minimum amount before you could play.Its a matter of decision whether you would push through or not.
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?
In that case, your friend has no choice but to meet the required minimum deposit. That's not discouragement but rather the site is even saving your friend to save fees especially if we are talking about crypto-gambling sites here. Besides, tell frankly your friend that $10 is not enough to pursue gambling even just for fun.
About minimum withdrawal, as long as it's not crazy to reach then it's fine. For that, it's a good habit to read the terms about deposit and withdrawal and try to check what are the minimum in order not to be surprised. If not mentioned on terms, contact the support.
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 something like that what we call minimum betting amount, to some point the minimum deposit and withdrawal encourages the economy class gamblers and gambling sites wanted to attract people from every class so they keep it low as much as possible and also for security reasons like avoid dust attacks and misuse of the gambling wallet by the users. 
I do not think that a minimum deposit will not halter a gambler from using a website as long as it is secure and he enjoys playing at that casino. But first-time users will try to deposit a minimum amount just to test the new casino. I do not think new users will risk a high amount to new casinos.
Did you even consider those that are just starting out in gambling? or those that might have never won any significant amount of money so they gamble with minimal amount only? Now, just imagine a newbie gambler want to try his luck by placing a bet of $1 on stake, but upon signing up on stake and opening the deposit portal and discovers minimum deposit on stake is $1000, and this gambler dont even have a $100 worth portfolio, and when he checked out another casino, he discovered the minimum deposit on that other casino is same as it is on stake, and he checked another, and another, and even another, as many as he can come across and they are all the same, what do you think such a gambler would do, he would easily give up, thats a customer lost due to high minimum deposit.
Definitely, minimum deposits have an impact on players, both new and old. Not all people have the capacity to own a huge amount of money to make a $1000 minimum deposit is like nothing. Most players are minnows but love to gamble because it is one way of trying their luck to win huge amounts of money. So definitely the minimum deposit should accommodate these kinds of players. As they say, it is better to have 1000 minnows than having just 1 whale because the business will be dead if this whale shifts to other casinos.
The minimum deposit and withdrawal amounts are important, specially if the casino is aiming to players and gamblers from developing countries.
I come from a country which could be considered to be one of them, we have gone through a very serious economical crisis, the interesting fact about our economical situation is that people never stopped gambling, actually there was a time gambling proliferated around the country, there were little gambling and lottery establishments in every corner.
People were struggling, so an important factor of those gambling places was the very low minimum wager, people could gamble with amounts as low as 1$, this allowed more people to take their first steps into gambling and let those in bad economical circunstancies to gamble, even if they could not win big, at least it helped them to distract themselves from the chaos around.
I come from a country which could be considered to be one of them, we have gone through a very serious economical crisis, the interesting fact about our economical situation is that people never stopped gambling, actually there was a time gambling proliferated around the country, there were little gambling and lottery establishments in every corner.
People were struggling, so an important factor of those gambling places was the very low minimum wager, people could gamble with amounts as low as 1$, this allowed more people to take their first steps into gambling and let those in bad economical circunstancies to gamble, even if they could not win big, at least it helped them to distract themselves from the chaos around.
It is a fact that whatever the situation is, there will always be gamblers.
As we have seen, during the pandemic, that's when online casinos boosted their presence.
Because people were stuck at homes and some are looking for activities to do.
In this case, we can see that despite of the crisis that humanity is facing with, there will always be gamblers who will play.
And so, the minimum amount in deposit or withdrawal is important for these people, just to get by with their gambling desires.
The minimum deposit and withdrawal amounts are important, specially if the casino is aiming to players and gamblers from developing countries.
I come from a country which could be considered to be one of them, we have gone through a very serious economical crisis, the interesting fact about our economical situation is that people never stopped gambling, actually there was a time gambling proliferated around the country, there were little gambling and lottery establishments in every corner.
People were struggling, so an important factor of those gambling places was the very low minimum wager, people could gamble with amounts as low as 1$, this allowed more people to take their first steps into gambling and let those in bad economical circunstancies to gamble, even if they could not win big, at least it helped them to distract themselves from the chaos around.
I come from a country which could be considered to be one of them, we have gone through a very serious economical crisis, the interesting fact about our economical situation is that people never stopped gambling, actually there was a time gambling proliferated around the country, there were little gambling and lottery establishments in every corner.
People were struggling, so an important factor of those gambling places was the very low minimum wager, people could gamble with amounts as low as 1$, this allowed more people to take their first steps into gambling and let those in bad economical circunstancies to gamble, even if they could not win big, at least it helped them to distract themselves from the chaos around.
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I do not think that a minimum deposit will not halter a gambler from using a website as long as it is secure and he enjoys playing at that casino. But first-time users will try to deposit a minimum amount just to test the new casino. I do not think new users will risk a high amount to new casinos.
Did you even consider those that are just starting out in gambling? or those that might have never won any significant amount of money so they gamble with minimal amount only? Now, just imagine a newbie gambler want to try his luck by placing a bet of $1 on stake, but upon signing up on stake and opening the deposit portal and discovers minimum deposit on stake is $1000, and this gambler dont even have a $100 worth portfolio, and when he checked out another casino, he discovered the minimum deposit on that other casino is same as it is on stake, and he checked another, and another, and even another, as many as he can come across and they are all the same, what do you think such a gambler would do, he would easily give up, thats a customer lost due to high minimum deposit.
I do not think that a minimum deposit will not halter a gambler from using a website as long as it is secure and he enjoys playing at that casino. But first-time users will try to deposit a minimum amount just to test the new casino. I do not think new users will risk a high amount to new casinos.
I agree. Who wants to deposit $1 or less in a gambling site? Even if the minimum bet is one satoshi. When you win you won't win anything.
If you want to test the site out or test if a deposit will push through, the minimum deposit or the lack of it will matter. Other than that, it is better to deposit a bigger amount to avail of the promos or bonuses.
actually people are more interested in deposit bonuses and promos than looking at the minimum deposit amount, anyways if you make a deposit of $ 1 I think it's too little to play and have fun on a gambling site, at least $ 5 to $ 20 is too small in my opinion to deposit and play at gambling sites,
I agree. Who wants to deposit $1 or less in a gambling site? Even if the minimum bet is one satoshi. When you win you won't win anything.
If you want to test the site out or test if a deposit will push through, the minimum deposit or the lack of it will matter. Other than that, it is better to deposit a bigger amount to avail of the promos or bonuses.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
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?
I would say yes, since i try to put myself in the situation, high minimum deposit will likely discourage alot of small gamblers from depositing and gambling on that particular casino, and since there are lots of casinos around, it will be easy finding another with low minimum deposit. 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?
Yes of course, keeping the minimum deposit low will encourage a lot of people to gamble regardless of how much money they have, i personally started gambling with $1, this was the first amount of money i deposited on my account in an online casino and gambled it away, if the minimum deposit was higher than this, maybe i will not be a gambler today as that was the amount i was ready to loose then, the low deposit encouraged to gamble since it was small.Quote
Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?
I think this depends, for someone like me, if i gamble and keep loosing, at a point when i no longer feel interested in the game and wish to withdraw whatever amount left, if the amount does not meet the minimum withdrawal requirement, then i will have to deposit more funds to add up to what i already have in the account so that it can meet the mininum withdrawal amount, then i can withdraw my fund. Does minimum withdrawal encourage players to try again and keep gambling if they don't win up to the minimum withdrawal?
As long as the minimum withdrawal is within our reach, shouldn't be a problem.
Actually, there's no correlation between the minimum withdrawal on the encouragement of players to keep on gambling. As far as most gamblers are concerned, they will just gamble no matter what regardless of the minimum deposit and withdrawal.
Do you encounter already a gambling site where minimum withdrawal is somehow not user-friendly? What gambling is/are these?
Minimum deposit and withdrawal depend on the currency you are using. Actually minimum deposit is already removed on most of the casino and only withdrawal they are considering due tothe transaction fee. You can already play whenever you like using 10$ or less if you are using a currency that onky charge minimal fee like XRP, Doge or TRX. Casino allows small deposit and withdrawal nowadays to increase there activity since the competition is very tough now unlike before that there is high minimum due to the availability of crypto that time.
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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?
Most of them accept low deposit amounts and have low withdrawal fees because they want to get users coming back by offering something that's not too complicated. Treating their customers right they get reputation that's hard to come by without enough customers, it doesn't matter how much these customers spend if they talk about the casino later in a positive way. 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?
Big whales only gamble in casinos with a good reputation, so reputation and the fact people talk about it is really priceless for them.
And obviously they encourage to people deposit more with high deposit bonuses. And that seems to be working at least in my case.
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