Unreasonable Withdrawal Limits on Betiro

[CryptSafe]

This is the first time I am hearing such a name here on this platform. Their presence is not known here and the name sounds strange to my hearing.

This is amongst the reasons why people are advised to always take out time to read the terms and conditions of casinos before engaging with them. If this policy wasn't like that initially when OP registered with them, then there is every possibility that the casino is facing financial issues and to salvage the situation, they had to limit their daily withdrawal to that amount to help them be able to meet up with payment and the other reasons I could think of is that of KYC level withdrawal limit.

Some casino do have withdrawal limit for some membership or KYC level which requires an individual to be able to meet up with before they could withdraw some certain amount of money from their casino dashboard. I believe it could be the case of OP but the mail itself speaks of volume than could be deciphered.

OP, I believe some reputable members here could come to your rescue by communicating to the casino of their actions and possibly ways to resolve this issue. I would advise you keep your eyes on this thread you have created for possible response that could help you get back your money faster.

Same here and for sure most people on this forum too. This is why it wouldnt really be shocking that there would really be those issues in those unheard platforms and people would be running here into this forum
and telling their issues and complaints. Why they cant really just search up first on this forum or making up some questions before making some deposits?

If we do really look around, there are tons of legit sites or platforms on which we can assure that wont really be having this kind of shady behavior on which limits has been decreased unreasonably?
The only thing that you could really do into this kind of condition is to wait up for them on what their response. The community could really just give out some advise but its not something
that could help out totally on resolving such issue but at least we are here to bring up warnings if ever they are really that showing some scammy behavior.

I believe a million and one gamblers still do not know about this platform and does not know how or where to channel their complaints whenever they have anything of such nature. Newbies that finds their way here might be based on recommendations by a known figure here or they must have done little research or internet surfing online to see best website to complain about casinos.

However, some newbies are not what we think they are. I believe they are established members here playing with unknown casinos and when they start having issues with the casino, they come complaining with a new identity so that members do not blame them for their ignorance and negligence.

[Dunamisx]

Gambling platforms are subjected to review or make a change concerning their policy, terms and conditions of service at any time, they would have stated this on their page if you go through it thoroughly, and sometimes, when such changes is being implemented, some of them take time in communicating to their gamblers while some may not, that is why we must also have a stand on the use of the casinos knowing well that anything can change at any time and get prepared for such.

[bettercrypto]

According to Betiro's current rules, the monthly withdrawal limit is stated to be 50,000 Euros. However, with the daily withdrawal limit imposed, it would take me almost two months to withdraw my balance, provided that the withdrawals are processed consistently without any delays. This is an excessively lengthy period and poses significant inconvenience.

I hope you read the TOS of the casino before you deposit money on their platform. I just can't imagine that, despite the fact that the casino is new, you can decide so quickly to deposit such a large amount of money without at least exploring this casino platform first.

In that regard, the casino management seems to have made a mistake because there are 50,000 euro monthly limits, and yet the daily limits are only 500 dollars, which is around 15,000 dollars in a month. Well, you have no other choice but to do what you can really do, rather than not being able to get out what you put in little by little.

[Potato Chips]

I completely understand the frustration with Betiro's withdrawal limits. It's disappointing to deal with such restrictions, especially when you've made significant deposits and won a considerable amount. Here are a few points to consider:

Financial Management: Smaller or newer casinos often implement daily withdrawal limits to manage their finances effectively and to prevent abuse, such as exploiting promotions or collusion in games like poker. This helps ensure they can cover all payouts without jeopardizing their operations.

Cash Flow: By spreading out withdrawals, Betiro ensures they can meet operational costs and pay other players on time.

TBH, I would have leaned towards this if the limits aren't too low for a casino with high multiplier games -- 500 EUR daily, 3000 EUR weekly, 10000 EUR monthly? Sounds like they don't have the budget to run a casino with such games.

Further, not one mention of these changes in terms of service because they forgot about it lols. Not op's problem IMO.

[paxmao]

I think that it is not the site being unreasonable, as 500 usd in one day seems perfectly fine for most players. What I think is that you may be a player that needs a site that is conceived for stronger betting and bigger limits. If this is your case, you need a site that is happy to work with bigger cash movements. The limits are there probably to ensure liquidity.

[khaled0111]

I think that it is not the site being unreasonable, as 500 usd in one day seems perfectly fine for most players.

Sorry but the $500 daily withdrawal limit is not reasonable or acceptable even for small players. I doubt you can find a single successful casino that has such ridiculous restrictions.
Besides, small players make small deposits and bet small amounts but when it comes to withdrawals then even them do make huge ones.
The real problem here is not the low limits but the fact that they didn't inform their customers about the changes they introduced to the terms.

[mak013]

I think that it is not the site being unreasonable, as 500 usd in one day seems perfectly fine for most players. What I think is that you may be a player that needs a site that is conceived for stronger betting and bigger limits. If this is your case, you need a site that is happy to work with bigger cash movements. The limits are there probably to ensure liquidity.

It is good limit for the common gambler, i totally agree with you. But as for me - the problem is that monthly limit is $50.000. It is unreachable with such daily limit if i remember maths. It would be fair increase daily limit to $1.650 at least. The other way is to decrease or cancel monthly limit.

[EarnOnVictor]

Gambling platforms are subjected to review or make a change concerning their policy, terms and conditions of service at any time, they would have stated this on their page if you go through it thoroughly, and sometimes, when such changes is being implemented, some of them take time in communicating to their gamblers while some may not, that is why we must also have a stand on the use of the casinos knowing well that anything can change at any time and get prepared for such.

Well, I have heard over and over that gambling businesses have their terms and conditions and it is subject to change, agreed! But did you read the OP mentioning they updated him about the terms and conditions different from what he signed up for?That is the issue here. The last time I read the OP, he claimed that the casino's terms and conditions clearly indicateed that he can withdraw $50,00 monthly. If this is correct, it means that he has the right to withdraw far more than $500 daily alocated to him daily. This can only be cheating and nothing else.

Also, I like you to know today that there are approaches to doing things, casinos can't be lawless and be using the terms and conditions to back it up the way you pointed it out here. There are laws which both the establishment and the customers must follow to avoid cheating each other, they must also agree with terms of cooperation and be notified if there is a change. If at all there is a change, the change shouldn't be so wicked to the point that someone who deposited $10,000 will have to wait 20 good days to withdraw his money, what if he has profits included? It will now be way more, which is wicked.

Charging such casinos to court will not end well for them as whether they have changed Ts&Cs or not, the judge is not a fool and this kind of a thing is what even angers them the more, and more reason they side the complainers in this kind of cases. They would have sensed forcefulness where the casinos is lording itself on the customer no matter the update in their terms of service.

However, it's the lack of good regulation that emboldens some of them to do that.

[AbuBhakar]

I think that it is not the site being unreasonable, as 500 usd in one day seems perfectly fine for most players. What I think is that you may be a player that needs a site that is conceived for stronger betting and bigger limits. If this is your case, you need a site that is happy to work with bigger cash movements. The limits are there probably to ensure liquidity.

The website is indeed has a problem on this case base on the evidence provided by the OP in the first page post.

The website claims a 50K max withdrawal limit per month which means they have 1666USD max withdrawal per day if they will follow their original monthly withdrawal yet the casino said that they made an error and fixed it with lower monthly withdrawal right after OP has a huge balance in the casino.

This is on casino fault since declared a wrong limit.

[rodskee]

I think that it is not the site being unreasonable, as 500 usd in one day seems perfectly fine for most players. What I think is that you may be a player that needs a site that is conceived for stronger betting and bigger limits. If this is your case, you need a site that is happy to work with bigger cash movements. The limits are there probably to ensure liquidity.

Not sure if 500 is really fine for most gamblers because that is not even enough for a
 lucky gambler mate ,what I do believe is at least 2000-5000 $ in daily minimum is
 enough ,what of you are lucky enough to win jackpot like 6 digits ?does this mean you
 can take all your funds  in more than 200 days?lol that is more than half a year and
 surely you will lose that all again because you will gamble while waiting .

[betswift]

I think that it is not the site being unreasonable, as 500 usd in one day seems perfectly fine for most players. What I think is that you may be a player that needs a site that is conceived for stronger betting and bigger limits. If this is your case, you need a site that is happy to work with bigger cash movements. The limits are there probably to ensure liquidity.

Not sure if 500 is really fine for most gamblers because that is not even enough for a
 lucky gambler mate ,what I do believe is at least 2000-5000 $ in daily minimum is
 enough ,what of you are lucky enough to win jackpot like 6 digits ?does this mean you
 can take all your funds  in more than 200 days?lol that is more than half a year and
 surely you will lose that all again because you will gamble while waiting .

Everyone has different gambling limits, if you are VIP player with 6 figures, they may have different conditions!

[khaled0111]

Everyone has different gambling limits, if you are VIP player with 6 figures, they may have different conditions!

VIP players, certainly, have many advantages like better bonuses and the like depending on their VIP level and that's how casinos reward their loyal customers but higher withdrawal limits shouldn't be one of those advantages.
If they allow high rollers to withdraw high amounts then the financial management reason mentioned by RounderCasino is no longer valid for them.
Preventing small players from withdrawing high amounts would look more like blackmailing, in this case.

[Bitinity]

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Fair limits must be about $1.500. Or they have to decrease monthly limit. Anyway i think that both these limits are unfair. If they have to limit withdrawal, it would be fair to look at the user deposit. Everybody must have an opportunity to return his deposit(at least) in a week. It is my opinion, but i never was in such situation.

It would not be fair even if the withdrawal limit per day is $5,000, because they casino accepts his $5000 deposit and other bigger deposit. Lets say the casino allows you to deposit $50k but the withdrawal limit per day is $5k only, it is not fair at all. If the casino has such low withdrawal limit, they should also have a deposit limit per day. Allowing players to make big deposit but making players hard to withdraw money by the withdrawal limit is sign of scam imo.

[mak013]

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Fair limits must be about $1.500. Or they have to decrease monthly limit. Anyway i think that both these limits are unfair. If they have to limit withdrawal, it would be fair to look at the user deposit. Everybody must have an opportunity to return his deposit(at least) in a week. It is my opinion, but i never was in such situation.

It would not be fair even if the withdrawal limit per day is $5,000, because they casino accepts his $5000 deposit and other bigger deposit. Lets say the casino allows you to deposit $50k but the withdrawal limit per day is $5k only, it is not fair at all. If the casino has such low withdrawal limit, they should also have a deposit limit per day. Allowing players to make big deposit but making players hard to withdraw money by the withdrawal limit is sign of scam imo.

In my country banks works the same. You can deposit any sum, but withdraw fixed limit. If you want more - you pay commissions or have to visit the bank. I agree that it is unfair, but it practice everywhere. I don`t think that we can change it if even banks work the same. But we can choose another casino without such limits and it is the right way - casinos were created for gamblers, not gamblers for casino.

[Lanatsa]

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Fair limits must be about $1.500. Or they have to decrease monthly limit. Anyway i think that both these limits are unfair. If they have to limit withdrawal, it would be fair to look at the user deposit. Everybody must have an opportunity to return his deposit(at least) in a week. It is my opinion, but i never was in such situation.

It would not be fair even if the withdrawal limit per day is $5,000, because they casino accepts his $5000 deposit and other bigger deposit. Lets say the casino allows you to deposit $50k but the withdrawal limit per day is $5k only, it is not fair at all. If the casino has such low withdrawal limit, they should also have a deposit limit per day. Allowing players to make big deposit but making players hard to withdraw money by the withdrawal limit is sign of scam imo.

Totally a BS thing on which they allow bigger deposit limits and then set out smaller withdrawal threshold on which it is really that a shit thing for them to integrate but, if we do base up on what OP has said
then i doubt that it would be totally that 5k or even way more lesser. Usually even if we do say that VIP 0 or to those newly created accounts will really be still that having that considerable limit
and even if you are that a small time gambler then you wont really be able to hit up such limit. On the moment that they've seen you that you are making some bucks even with small capital then you would really be on their eyes and get focused and monitors you out. On the moment that they have that attention on you then expect these kind of circumstances.

Also, dealing up with unknown sites is also that dangerous. Pretty sure that majority of us here on this forum didnt heard about Betiro? Or i had just missed out?

[btc78]

Hello everyone,


I urge Betiro to address this matter promptly and make the necessary adjustments to ensure a fair and efficient withdrawal process.

Thank you for your attention to this critical issue.

Looking at this case ? you seems to be fooled by a gambling site that looks like not willing to let gamblers to win high amount , this kind of site only wanted to let gamblers deposit but not to let you win .
500 euro a day? when they are allowing you to bet higher and gain high so  i guess this thread is enough for the whole bitcointalk forum members to never play nor consider checking this site.

[Taskford]

Hello everyone,


I urge Betiro to address this matter promptly and make the necessary adjustments to ensure a fair and efficient withdrawal process.

Thank you for your attention to this critical issue.

Looking at this case ? you seems to be fooled by a gambling site that looks like not willing to let gamblers to win high amount , this kind of site only wanted to let gamblers deposit but not to let you win .
500 euro a day? when they are allowing you to bet higher and gain high so  i guess this thread is enough for the whole bitcointalk forum members to never play nor consider checking this site.

Maybe he didn't check properly that there's certain unfair condition implemented by a casino. That's why its important for us to know their rules since we might get surprise on what those casino have done and can possible avoid them while we don't encounter any issue.

$500 Euro a day is really sick requirements since what will happen if there's a user win huge amount of money? For sure they might experience the same what @papokala experienced. So its really good that there's a case posted here since as you said a lot of gamblers here will get notified regarding on their situation and avoid to explore this casino since they are not doing any good business since it seems that they only want for their player is to lose and earn profit with them.

[erep]

$500 Euro a day is really sick requirements since what will happen if there's a user win huge amount of money? For sure they might experience the same what @papokala experienced. So its really good that there's a case posted here since as you said a lot of gamblers here will get notified regarding on their situation and avoid to explore this casino since they are not doing any good business since it seems that they only want for their player is to lose and earn profit with them.

The casino does not describe the stated withdrawal limit of 500 euros in the rules and conditions published on the page, this rule is set unilaterally which is detrimental to users who do not know the withdrawal limit and they think 50k euros is the maximum withdrawal limit per month, unless they find out after requesting a withdrawal above the amount of 500 euros and then information about withdrawal limits appears.

It seems that the casino is not consistent with the withdrawal limit rule of 50k euros per month, so I will simply calculate that 50,000 : 500 = 100, meaning they have to make 100 withdrawals a month, but the allowed withdrawal is only 500 euros per day.

[acroman08]

Maybe he didn't check properly that there's certain unfair condition implemented by a casino. That's why its important for us to know their rules since we might get surprise on what those casino have done and can possible avoid them while we don't encounter any issue.

there was no mention of the $500 daily limit on their Terms and Conditions, the OP only found out about it when he tried to withdraw again but couldn't because he reached the limit. their support even admitted that they are still updating things(their ToS) on their casino. so yeah, there was no way to know or indication that they had a $500 withdrawal daily limit before OP reached their daily withdrawal limit. also, even to this day they still haven't updated their Terms and Conditions.

[pawanjain]

What's confusing here is that they have imposed a daily withdrawal limit of $500 when their monthly maximum withdrawal limit is $50000.
Even if someone is withdrawing daily with their maximum limit then they will just be able to reach $15500.
So why have they mentioned $50000 as the monthly maximum limit.
The only thing that makes sense here is if they have different daily maximum limit for different users.