Minimum deposit and minimum withdrawal.

[erep]

First of all, if someone has only 10$, he should not gamble. Gambling should always be done with the extra money which you can afford to lose. If anyone has only 10$ for gamble, this means he is a sort of person who is living hand to mouth, and he should not spend this amount in gambling.

I'm not assuming that a person budgets $10 to gamble doesn't mean he can't afford to budget $100/day to gamble, but I'm quoting if he budgets a minimum because it's not to bet on big wins but just for entertainment, so we have different criteria in gambling and we are free to argue if someone has a different perspective from the above explanation. I will attach a link listing some casinos with a detailed description of the minimum deposit and you should check the reputation of the casino first before depositing into the casino account, here is the link 25 Best Bitcoin Gambling Sites – Compare Crypto Gambling Sites

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[Saisher]

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?

I'm one of these guys who deposited a small amount to test the site and if it's worth playing, I believe that there are lucky casinos where you can win more than the others I know that its a game of luck but they do exist when you are comfortable in one casino you can make a good decision for you to accumulate wins, having a minimum deposit of as low as $1 can help casinos to grow their members and they cater to all types of gamblers, but of course, it's not the only factor.

[EarnOnVictor]

However, I totally dislike the aspect of limiting withdrawals, one should be able to withdraw lesser than $1 if possible.

Even fiat casinos have a minimum withdrawal amount.

I don't see why gambling sites should allow less than or around $1 as a minimum withdrawal.

Even stablecoin transfer has network fees, how that $1 or lower can be accommodated? Gamblers should already know and understand that there's always a minimum withdrawal amount but as long as it's not that high, that should be fine.

I guess you should learn how to decode figures of speech, or perhaps you should read what I wrote with understanding before replying. What is crucial in my post was for casinos to abolish the minimum withdrawal restrictions, even if it could go below $1, I don't care. If you are defending casinos in this regard, what about forex brokers that are allowing a withdrawal as low as $1? Of course, you would have calculated your fees with it, which is way better than depriving me of an amount lower than $5 even if I am so in need of money.

Some have lost their little money in quest of trying to meet casino requirements, this is ill to me.

[lienfaye]

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?

Well, I dont think so. Casinos have their set rules for deposit/withdrawal and it's not to influence the gamblers to increase their budget. Usually, the minimum deposit and withdrawal of casinos are reasonable. If your budget is low or you can't afford the minimum of the particular casino then you can always look for other casinos that is appropriate for your budget.

Could low minimum deposit be an encouragement for people to come gamble regardless of the money they have to gamble?

This already depends on the gamblers. Low minimum deposit and withdrawal are attractive specially for average gamblers because it's convenient. It is also ideal if they want to try first the casino before making a big deposit. Anyhow, it's best to gamble using your spare money, don't try hard to reach the minimum deposit/withdrawal of the casino since there are many options out there.

[Cryptmuster]

This already depends on the gamblers. Low minimum deposit and withdrawal are attractive specially for average gamblers because it's convenient. It is also ideal if they want to try first the casino before making a big deposit. Anyhow, it's best to gamble using your spare money, don't try hard to reach the minimum deposit/withdrawal of the casino since there are many options out there.

This can be convenient for average players, and according to statistics, it is these players who make the main turnover of funds, this is not necessarily the case, but basically it happens. The minimum deposit is rarely used for testing, for this you can look at the reviews and read what they write about this casino. The minimum withdrawal is also a very handy feature, I think that many pay attention to it.

[robelneo]

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?

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. 

[tabas]

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.

[goinmerry]

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.

[danherbias07]

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.

[Fundamentals Of]

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.

[Silberman]

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.

[QueenVera]

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.

[Viscore]

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.

[maydna]

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.

[Mauser]

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.

[MainIbem]

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.

[qwertyup23]

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.

[/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.

[xSkylarx]

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.

[Jemzx00]

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?

[molsewid]

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.