Bitcoin Forum

.. in a Bitcoin Casino that has a minimum deposit set of 0.005 BTC? At the moment of creating this thread, this would mean around 25USD.

To me, on one Side this seems fair given the bonuses given by online casinos however I'm doubting my own thoughts, please share your point of view, should it be lower or higher or what? All feedback appreciated 

???

Thank you,

P.

I dont see anything wrong with that as long as the site you are using is legit. Any rules will be fine because you will win to the game after. Just always check the backround of the casino first to avoid becomming a victim of one sided profit.

Seen worse out there. When a coin rise or fall in price but the amount dont move along with it it can be a issue fiat wise to redraw or deposit.

Which gambling site are you referring for?
It's all up to you actually, if you think the site is safe then its ok to send that kind of money. Honestly, that is just a small amount of money in gambling so i think it's not matter as long as its a trusted gambling site. If you are a gambler I  believe you can provide more than $25. Just try to make research about the gambling site before playing.

Not bad, but I would check whether the site is worth it in this case by analyzing the following factors:

- House edge
- Provably fair or not
- Reviews
- Wagering bonuses

If the site satisfies all of these criteria, I would definitely give it a go.

Exactly I am not sure what you are talking about whether deposit or withdrawal amount. Mostly withdrawal amount only have the limit on the gambling site but what you exactly you typed is so weird.
My personal having limit on deposit will surely stop the usages of small gamblers who wish to gamble on that platform.

Additionally can you share the gambling site you refer so that we can check and explain what exactly there.

It is still gambling why would you bother the minimum deposit if everyone could enjoy on that website?
Just like what the rest said if it is legitimate and the review is good then there is no wrong of letting them set the minimum deposit.

That amount is a bit higher compared to Fiat casinos like bet365 which has a minimum of 5 Euros.However in the crypto world 0.005 btc is a very low amount which many crypto enthusiasts own so it is not that high for the crypto gambling casino.

I don't see how it would be a problem as long as there isn't a minimum withdrawal set on the site. Obviously has to be a game that i like, and a site which is better than the others I already gamble at.

The minimum 0.005 btc is too high for me. I don't think that is worth to deposit. If there is another option for the coin to deposit, maybe I can consider to try and test the game. But if it's only for btc, then I will skip.
Maybe you think it will be fair for you, but I don't think that it will be fair for other people ;D
Go ahead if you still want to try to deposit with that minimum amount.

It's impossible to judge a gambling website just from the minimum deposit set up by them! Also 0.005 btc is very normal and I don't see anything suspicious just from this information. It is perfectly all right! However, if you want to get honest review of the gambling website, please share the link of the website! Minimum deposit is perfectly fine, at least for me!

The minimum deposit is based on bitcoin, so that is why it seems too high since the price of bitcoin is almost at $5,000. That is why I avoid gambling when bitcoin price is too high because of the minimum bitcoin deposit required on some of the site. Additional to that is the transaction fee for deposit and withdrawal.

If the casino you are referring to is a dice casino, then 0.005 btc as the minimum deposit amount, I think, that is too big. The minimum deposit amount must be adjusted to the minimum bet amount allowed at the casino. If the casino allows us to play with the smallest amount like one satoshi, then there should be no minimum deposit amount requirement.

You need to study how the site being facilitated, it's hard to deposit such amount when you are not sure and you have doubts, look for some real
reviews coming from gamblers who able to have an in hand experienced from the said site and analyze their opinions, being furious will let you decide
properly.

What's this specific casino that you mentioned? nothing wrong with that minimum deposit as long as the perks that they give to their customers are justifiable. We have our own standards when it comes to casinos but if this casino you are talking about seems to be new, I'll wait for further feedbacks and will verify their reputation.

This is one of the best condition and perk that they can ever give to their customers. No minimum withdrawal although they have minimum deposit requirement.

Aside from bringing promotion to have a huge fund to run a gambling site you need also faucet or free sats to test their luck. A gambler wants to test if there is a new gambling site launched. That is right in the gambling industry you need a huge capital to tempted people on your site and play gamble. So, you need to entertain them well to get satisfaction with your service and to become build trust on your gambling site.

Just happen to visit a local Casino a few days back. The minimum cash allowed to carry was $25 which I believe is a standard. They don't want time wasters if you're not serious about gambling. The reason was also that I get a free beer, coffee, fruits and stuff like that so $25 is reasonable. However, you don't get any of it in an online casino so no, minimum of the amount that high shouldn't be allowed. I wouldn't deposit it.

Yes 25$ USD is not a too much to ask out of the casino.
There are some casinos that will only allow you to sit on the table with minimum 25$ or plus bet.
So there is no difference to me.  Maybe they see it as less scams if people with bigger budgets are playing.

The verification of the site for their legitimacy is very important to avoid victim of the scamms so I sugget him to play casino with have highly reputation like my signature.

There's nothing wrong with the minimum deposit, but you need to check the site whether it's legit or not, 0.005 is not too big and a lot of gambler won't mind with that number, but for sure it's not a good way to introduce the site, many site even the famous site never put a minimum deposit

It is not a big deposit amount for now at least, we are currently having a steady price on of Bitcoin, but if it gets higher then that will be absolutely high. There are so many online casino platforms out there, are you having problems with the one you are questioning about playing or not? There are circumstances when to play or not in a certain betting site and I think you know that already.

I think it's not too high, but if it could be lower than that amount, then I think that it will be good for the gambler. But it depends on the gambler itself because we have a different amount of money that we will use to gamble. As other members said, if that gambling site was a legit site, then I don't think it will be a problem for the gambler, and they will deposit on that minimum amount.

To make people deposit minimum 0.005 BTC you need to be trustable. Because, people wouldn't risk that amount of money in a new site that they don't know. Maybe if want to put that rules, you need time first with normal rules like other casino to attract people and give bonus to get a lot of new users in your casino.

Well, every gambling platform has a different perspective view of point and they also have a different minimum deposit or even withdrawal. So, at this point OP, I can't give an accurate point of view on which gambling site you meant to us. But why are you are looking those have a minimum deposit, there are casinos that no limit deposit? Indeed, that is base on our decision.

Thank you for all the answers, really appreciate it.. the site looks legit, licensed, terms and conditions, rather well known already, I'll give it a shot :)

The customer support told me that the 0.005 deposit limit is not set in stone if the value of BTC changes and it will the min. the deposit amount will adjust. Now that makes a lot of sense to me now.

Thanks again to all,

P.

Well .005 is a decent amount to throw away. Not too conservative and not too much to hurt your portfolio if you lose it all. I'd be willing to play with that amount without any guilt or hesitation.

Maybe OP hesitate but something inside him is calling the site as a good place to play, he wanted to get some ideas with people's opinions or
he's going to create his own gambling site and checking the reactions of readers that will going to give an advise and base his decision whether
to adjust or keep it that way, who knows..

You got it very on the point Mister!  ;D Makes me calmer to hear other peoples opinion even if in the end I do/decide what I want. Here with folks waaaaaay more experienced than me, I feel safer after given the replies and reactions.

I think it depends if the site is trusted or legit then I wouldn't bother paying with that minimum amount to deposit,
After all we could always choose other website so if you don't like their minimum deposit then just go with another website.
If you don't trust them then don't use their website .

0.005 is now close to 25 usd or more ( like what op said )  the said amount of money/crypto is not throw away because this amount was already big to some of us , of course that includes me because we were only poor   .

we value our crypto/money too much  . but i have never saw  site that has  a minimum deposit rather its only normal for site to have a minimum withdraw limit because that is too avoid abuse and to avoid high transaction fees  .

Many Bitcoin casinos you'll see have a smaller deposit than BTC0.005 but I would ask or check the minimum withdrawal too because it could be higher than their deposit. This could be a problem later if you win and wanted to withdraw after a few games.


What's the name? I haven't heard a casino that has a deposit that high it's mostly BTC0.001 and below.

i think it would be much better if they set the minimum deposit at 0.001 BTC so in that way they can attract more gamblers for their website, it wouldn't be that bad and i think 0.005 BTC is too much for small gamblers or those who are currently saving.

Apparently, there is no problem with that but it probably not too attractive with the gamblers because of high minimum deposit. Though we can say that they are legit but still not a good option for gamblers rather than to choose different gambling sites which is suitable for small gamblers and low deposits.

yes . as i gambler i only play with the site that has a low deposit fee because if the site has a high deposit fee i will start to think that the gambling site is shady . ive read a post on the past that there was a service that requires a deposit fee or transaction fee . i think that was strange because i thought only the outgoing transactions do only have a fees   . i guess this kind of gambling site do have that feature   .

To me personally I don't see any thing wrong with a casino site that set the minimal amount to 0.005 or any other amount but it will have impact on the participation of players because those with small amount will not be able to play the games there, and that can limit the number of participants that visit the site to play games.

Why not put the site link above?so we can check if the casino is legit and enought to be trusted

And I don’t see anything wrong about the offer because .005 bitcoin is good amount to start playing since I usually use that same amount whenever i want to gamble for fun and to be happy

I personally will deposit if i want to play at the casinos but as far i know minimum amount to deposit or withdraw are depend on the rules of those gambling sites themself and you can't do anything to avoid it because this is basic rules from them and in my view the only way if you want to still playing at the casinos then move away to another casinos which have lower amount to deposit but the most important is you have to seeks legit casinos to do so

But why don't you drop down the link of the site then we'll be the judge if it is trustworthy or not, don't put your doubts yet though, be sure to check the casino's legitimacy, that's the most important thing you need to know before you even make deposits, and the last thing is before you play be sure to check everything or else you'll wast your money and time.

I think it will be depends on my mind set because there will be lots of confusion will be going and gambling field also so if I do it this thing also it need to be profitable only for me then only I will do it otherwise I will hold it for sometimes.

The Gambler does not considering the money it is all about the fun and makes the satisfying things with gambling and most of us are going to the gambling only for satisfaction and way of entertainment otherwise Kamran will not been not useful for money making way.

From what I have read on gambling section it appears that the bonuses given by the gambling companies are usually  high. My question is,  do people win from such bonuses? Second, are gamblers allowed  to play only with the bonuses and withdraw all their fund once the bonuses have been exhausted or is it compulsory to use the funds along with bonuses?

It doesn't seem anything wrong to me.
The thing that you have to consider first is the fact if you feel that the casino is trustworthy and there are many users in there that they gamble.
If the answer to this is yes, then you don't have to be afraid that you are going to lose your money.

What exactly is that bitcoin casino that requires a .005 BTC deposit? You need to make sure that it is a casino that will bring legitimacy or else, you just wasted your .005 BTC. If that casino is known in this forum(in which I haven't heard a casino requiring that amount), then you can trust it, I'll play on that casino also.

Since this had been clarified and all previous answers do satisfy you, then better to lock up this thread to prevent more unnecessary replies.

On topic reply, 0.005 limit isn't really that high or isn't too low.Its just average on my own view just always make sure about the legitimacy of the gambling site you are tending to make any deposits.

If You are a gambler then i think it is not a enough money, it is just normal number of amount. Although you are gambler then why you worried about using this amount of money in gambling, and if you are not gambler then i can guess you feel fear. But i suggest search about this site but although it is good site, try to play it, may be you will win more than your deposit money.

Continuous losses will not disappoint everyone to be we get some doubt about the investment again in gambling especially cashino are being more attractive for me so in this situation also I will do it and take care is again for getting me money again

If you couldn't afford it then move to another site .
There are plenty of gambling site nowadays and they don't have a minimum amount of deposit .

I've been playing gambling casino for the past months (I think a year) and in my experience in different gambling websites they don't have any minimum deposits except for 1 sports betting/casino I've visited before but the minimum deposit there is just 0.001 BTC which is I think is fair... but a 0.005 minimum deposit... I think there's something wrong in here... but i don't think it's not fair to have a minimum deposit because of bonuses they give.

Well in my conclusion I think they should remove the minimum deposit and just change it to minimum withdrawal just like most of the gambling sites do.... if there's a gambling site I've visited and this is their policy, I won't invest my coins here..

PS. Sorry I'm just a low investor gambler, I think high roller gamblers doesn't care about this kind of deposit policies.

The mentioned minimum deposit is fine. Since there is no reference to the gambling site, I suggest you to look for long standing trusted casinos instead of new ones and never go behind big bonuses and offers. If you are looking to deposit small amount then, there are websites that offers no minimum deposit. So you can play there if you are too much worried about risking your money. Anyway, gambling is risk involved.

This is upto each users mind, from my view it is quite fair and more casinos were available with much lesser deposit limit and with high level of reputation. By this time I feel the competence between casinos were high, and to that casinos need to make more competitive limitations that could easily attract all level of people to use the platform.

I know it give some doubts to all gamblers when they saw such high deposit limit and it will eventually change their mind. For me, I'll better to look other exchange which have a small minimum deposits rather than this. It never be looking attractive even though it is legit cause there are lots of known casinos which aren't that high amounts to start.

I don't think there is a problem with the minimum deposit of the site as long as it is legit and there are no reports on the site then its fine. If you don't want something on the site then just move to another gambling site.

Maybe try to post the site here so that we have some ideas on that site and can share more opinions regarding the site. :)

Every casino has their own rules, if you are comfortable with the rules, then go play.
IMO, that is not an attractive rule, there are a lot of gamblers in the crypto space that would choose a minimum deposit, BTC0.001 is the standard I guess.
They need to seek volume of gamblers as small bets will eventually grow big if the gamblers will be hook up.

Small time gamblers will be affected but those who are capable and can afford that amount of money will proceed, if they are convinced that the
website can bring them enjoyment even they need to deposit that amount they will proceed for the sake of enjoying the games.

You are welcomed and it is good to know that the site is licensed and you are now rest assured that its safe to play there. 0.005BTC is not really much to deposit for a well trusted casino site with good potentials. Can you be kind enough to drop the link.i would have loved to also check it out and if it looks promising I would not mind playing and making deposit.

If you think you already found a solution to the site, I will suggest the thread to be locked if possible to prevent further comments and suggestion. You know we are always on the look out to be of help to our fellow mates on this forum, so expect to get more comments.

Better we use 0.005 bitcoin in the recommend gambling site than to try in the new gambling site because we don't know their reputations and they still need to give proof to us. I cannot directly believe on the new site although I still trying to play on the new site but it doesn't mean I need to deposit 0.005 bitcoin because I think there are much new gambling sites which can offer the member to use faucet to try their site, so we know that they are good or not.

Yeah I would love to know about the site that you choose for you, but being a gambler I can feel it is not easy to move from one site to the other that easily, but for better gambling project I think good to explore the market before getting into it, there are so many site good to use them and keep gamble as we are aware of gambling benefits.

Now that I know there are more casinos that gives lower minimum, I would not play in that site.
The lower the minimum the better as we can enjoy more, gamblers love to deposit and withdraw from time to time, so with small minimum, it will not stop us from doing so.

Minimum deposit is ok with me if they deserve it because top sites don't ask for this one, well maybe they can compete with the top gambling site. That's actually too low, so maybe you can consider playing with that site but you have to make sure that its worth to play on that. My game will not depend on any minimum amount, it will depend on their service.

I think it is important you get to know so much about that site before committing  so that you don’t fall into the wrong hands because left for me, I think 0.005BTC is quite on a high side for a  money to be deposited at first.

I think any casino that can allow us to play as small as one satoshis should not give restrictions to minimum amount of money to be deposited, except you mean withdrawal, but still I advise you do a proper investigation on the casino site. Dropping the name here will not be a bad idea. So that we can all join hands to help find out the facilitation of the site.

It is very important to only play on casinos with good reputation, be very careful not to fall victim of scam because it is not easy to make money and 0.005BTC is enough to small to donate for a scammer.