rdbase (OP)
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December 02, 2014, 08:20:35 PM |
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Like I said, I don't really mind the 5 btc maximum.......it's just the idea that we he wanted us to work on an installment plan or schedule for the rest for the rest. If it was just 2 withdrawals 24 hours apart, I would have been fine with that. Just to update, I received an e-mail this morning from the manager saying I should receive the other 3.7 either today or tomorrow. If it's tomorrow then we are looking at 48-72 hours for rest. Supposedly in the future, he said I won't have to wait for big wins (I'm assuming they mean over 5 btc).........and they will let the financial department know about my exception (I'm the first player to get this exception they said). Not sure what to believe as I confident the guy that is sending me the e-mail is the only guy that controls all of the withdrawal lol
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BitCoinPokerBro
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December 03, 2014, 01:16:09 AM |
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So I don't want to mention the casino I've been playing at and give it any bad publicity........but I have a few questions about how bitcoin casinos work as far as withdrawing goes. I've been playing at this casino for a little over a month consistently- every day. I love their software and I became a VIP betting pretty big (their maximum on most games). The manager there is very nice. So at first I lost almost 1 btc.........then I won 2.4 bitcoins and withdrew. It took around 24 hours for a withdrawal which I thought was long but I love their software. Then I lost a little over 5btc in a few weeks and stopped for a bit. Those were multiple deposits that totaled that. Then on black Friday they offered me a match bonus up to 2btc since I'm VIP. Anyway, I put in 2btc and played the 20 times requirement to earn the bonus. I ran it up to 8.7 bitc and attempted to take out 7.7 btc. After waiting 30 hours without getting my money........I got an e-mail from the manager saying:
"The maximum withdrawal you can do at one time is 5BTC.
For wins larger than this we pay out the winnings in installments according to a schedule which we agree on together."
To me, that seemed crazy. It's one thing to have a maximum of 5 btc at one time (which I couldn't find a word of that policy on their site including FAQ's). The problem is that I'm supposed to wait on a installment plan or schedule for the other 2.7? That blew my mind. Is that the policy of most btc casinos? I bet sports big on Nitrogen and play big on Seals with Clubs. I don't have any problems withdrawing any amount and it's very fast. I honestly don't mind the 5 btc maximum if I can get my money in around 24 hours......then do another withdrawal of up to 5btc and get my money in another 24hours. That's fine with me. Any other installment plan or time schedule seems like bad business or they lack the funds. Am I being unreasonable? Maybe the casino stuff isn't for me........it's just for fun while I'm bored waiting for a poker game.
To update- as I was writing this I got my 5btc after 31 hours. Rather than taking out the other 2.7 and keeping 1 btc to play with.........I withdrew the entire 3.7 just now we'll see how long it takes. We never really worked out an installment plan so it might take awhile lol. Any comments appreciated.
sounds pretty sketchy to me. |
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rdbase (OP)
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December 03, 2014, 09:43:22 PM |
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Well I got the remaining 3.7........and it took around 56 hours to get it. Not as bad as I thought when he originally talked about installments and a schedule..........but I think I might stay away for a while. I might look into another casino that has fast payouts and a bigger maximum withdraw.
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MoneyShot2
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December 04, 2014, 12:07:13 AM |
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"The maximum withdrawal you can do at one time is 5BTC.
For wins larger than this we pay out the winnings in installments according to a schedule which we agree on together."
To me, that seemed crazy. It's one thing to have a maximum of 5 btc at one time (which I couldn't find a word of that policy on their site including FAQ's). The problem is that I'm supposed to wait on a installment plan or schedule for the other 2.7? That blew my mind. Is that the policy of most btc casinos?
This IS crazy. Trusted sites just have a limit from having some of the funds in a cold wallet and at worst, they will verify that your win was proper and then make funds available for the withdrawal. |
▄▄▄▄▄▄▄
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▄▄ 【BTC】
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Ron~Popeil
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December 04, 2014, 04:26:46 AM |
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"The maximum withdrawal you can do at one time is 5BTC.
For wins larger than this we pay out the winnings in installments according to a schedule which we agree on together."
To me, that seemed crazy. It's one thing to have a maximum of 5 btc at one time (which I couldn't find a word of that policy on their site including FAQ's). The problem is that I'm supposed to wait on a installment plan or schedule for the other 2.7? That blew my mind. Is that the policy of most btc casinos?
This IS crazy. Trusted sites just have a limit from having some of the funds in a cold wallet and at worst, they will verify that your win was proper and then make funds available for the withdrawal. Absolutely. I can see limits for security reasons but an "agreed upon schedule" is a big red flag. Casinos don't make payment arrangements with winners. |
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jarrick
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Merit: 10
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December 04, 2014, 05:27:59 AM |
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"The maximum withdrawal you can do at one time is 5BTC.
For wins larger than this we pay out the winnings in installments according to a schedule which we agree on together."
To me, that seemed crazy. It's one thing to have a maximum of 5 btc at one time (which I couldn't find a word of that policy on their site including FAQ's). The problem is that I'm supposed to wait on a installment plan or schedule for the other 2.7? That blew my mind. Is that the policy of most btc casinos?
This IS crazy. Trusted sites just have a limit from having some of the funds in a cold wallet and at worst, they will verify that your win was proper and then make funds available for the withdrawal. Absolutely. I can see limits for security reasons but an "agreed upon schedule" is a big red flag. Casinos don't make payment arrangements with winners. Agree with you.  |
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Stunna
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Primedice.com, Stake.com
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December 04, 2014, 05:54:27 AM |
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That's a pretty unprofessional rule, it sounds like they just made it up because they didn't have the funds on hand. There's no max cashout on primedice or any other dice sites that I know of, after we cashed out hufflepuff over 2000 coins of profit we adjusted the max bet.
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Tabatadze
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December 04, 2014, 06:06:10 AM |
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maybe they are just afraid that a hacker would be able to withdraw to quickly, or they are hoping you will lay with the funds they are '2waiting2 for,
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sandy47bt
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December 04, 2014, 06:14:09 AM |
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There are few logical reason :
1. They low of money
2. IF they limit max withdrawal, they think the players will continue playing at their site (and they will lose their bitcoin)
3. They most likely scam ?
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Chemistry1988
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December 04, 2014, 07:40:37 AM |
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The rule is completely unacceptable.
I could understand if the site delays a big withdrawal for a while to to check the validity of your bets first, but there is no point to set a max withdrawal.
While you are able to your 5 btc and 3.7 btc withdrawal in the end, I would suggest you to use more trusted sites.
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rdbase (OP)
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December 04, 2014, 10:51:27 AM |
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I really appreciate everyone's replies. I will probably look for a different site for when I'm bored and nobody is playing me in poker. I really like realistic software and fast withdrawals of course. If anyone has any suggestions where I can get both, let me know. Here is what my VIP host wrote to me tonight: Hi, I see that you were able to withdraw all of your winnings quicker than was expected, I’m really happy that it worked out so well for you. Really hope this won’t be the last we see of you in the casino! I wrote back this: Well, it might have been quicker than you expected lol. I live in Las Vegas.......so if there is a long line at the cashier at the casino, I'm not getting my winnings fast enough  Thanks for any help you might have been in that matter though. |
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xetsr
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December 04, 2014, 11:36:02 AM |
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Only reason I can think of is that they want to eliminate cheating.
If someone finds an exploit he could keep withdrawing as much as he'd want.
"The maximum withdrawal you can do at one time is 5BTC.
For wins larger than this we pay out the winnings in installments according to a schedule which we agree on together." Why pay in installments then? Sounds like they need others to lose BTC to payout... and if this is the case, do NOT play here. 5 BTC is not alot for a casino... couple dice sites and other casinos here handle that amount easily. |
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Watoshi-Dimobuto
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December 05, 2014, 07:19:52 AM |
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I really appreciate everyone's replies. I will probably look for a different site for when I'm bored and nobody is playing me in poker. I really like realistic software and fast withdrawals of course. If anyone has any suggestions where I can get both, let me know. Here is what my VIP host wrote to me tonight: Hi, I see that you were able to withdraw all of your winnings quicker than was expected, I’m really happy that it worked out so well for you. Really hope this won’t be the last we see of you in the casino! I wrote back this: Well, it might have been quicker than you expected lol. I live in Las Vegas.......so if there is a long line at the cashier at the casino, I'm not getting my winnings fast enough Thanks for any help you might have been in that matter though. lol. okay.  The 5 BTC maximum limit. I don't see that in most of the casinos I know of. I don't think the maximum limit can be a trust issue. Since it is possible to withdraw multiple times. I think it might be impemented to prevent cheating etc. by players. |
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bobley
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December 05, 2014, 08:43:39 AM |
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Only reason I can think of is that they want to eliminate cheating.
If someone finds an exploit he could keep withdrawing as much as he'd want.
When you own and manage a Casino you must take the risk for the security of the casino and games... not the players. If you dont have 50 BTC to pay all winners in less than 2 hours, you should even be in the business lol I only play in casino who got fund to pay .. that the goal of gambling ... winning isn't ? I advise you to check the terms of the casinos before playing anywhere I agree that it can take few hours to move funds from cold to hot wallet but I can't understand casinos paying less than $2000 a day |
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KingZee
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Check your coin privilege
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December 05, 2014, 08:56:47 AM |
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Why is it that frustrating that you can't withdraw more than 5BTC at a time?
If you are already okay with all their withdrawals taking up to 24h, you should be thankful as long as they do actually pay out.
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Beep boop beep boop
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Buziss
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December 05, 2014, 11:17:34 AM |
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Why is it that frustrating that you can't withdraw more than 5BTC at a time?
If you are already okay with all their withdrawals taking up to 24h, you should be thankful as long as they do actually pay out.
According to OP's posts, he received 5 btc after 31 hours, and the remaining 3.7 btc after another 56 hours. I guess it is normal for one to get frustrated and worried when he need to wait for more than 3 days for the money he earned rightfully. Plus, there are better sites out there. Why should he stick to that site? |
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LitecoinBoss
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✘AΦΩ✘
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December 05, 2014, 11:35:59 AM |
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Why is it that frustrating that you can't withdraw more than 5BTC at a time?
If you are already okay with all their withdrawals taking up to 24h, you should be thankful as long as they do actually pay out.
There should be no limit on the cashout. |
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bobley
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December 05, 2014, 12:08:13 PM |
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Why is it that frustrating that you can't withdraw more than 5BTC at a time?
If you are already okay with all their withdrawals taking up to 24h, you should be thankful as long as they do actually pay out.
There should be no limit on the cashout. lol Why is it that frustrating that you can't withdraw more than 5 BTC at a time? Because I deposit 1 to 3 BTC a day in average. So winning 10+ BTC at once it is pretty normal. If you cant pay more than 5BTC , dont accept deposit higher than 0.1 BTC so  |
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rdbase (OP)
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December 05, 2014, 12:30:01 PM |
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Also remember it was frustrating because they made an exception for me and they implied they wanted to do a schedule/ installments. If I just went along with their plans, I'm confident I wouldn't have had the other 3.7 yet. I was only actually taking out 7.7 and leaving 1btc to play with.........but their hesitance to pay made me takeout the entire bankroll. Also, there was a week in the middle of November that I lost 5btc.......so In the end I wasn't even up much on at that casino.
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Amun
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December 05, 2014, 01:30:03 PM |
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So I don't want to mention the casino I've been playing at and give it any bad publicity........but I have a few questions about how bitcoin casinos work as far as withdrawing goes. I've been playing at this casino for a little over a month consistently- every day. I love their software and I became a VIP betting pretty big (their maximum on most games). The manager there is very nice. So at first I lost almost 1 btc.........then I won 2.4 bitcoins and withdrew. It took around 24 hours for a withdrawal which I thought was long but I love their software. Then I lost a little over 5btc in a few weeks and stopped for a bit. Those were multiple deposits that totaled that. Then on black Friday they offered me a match bonus up to 2btc since I'm VIP. Anyway, I put in 2btc and played the 20 times requirement to earn the bonus. I ran it up to 8.7 bitc and attempted to take out 7.7 btc. After waiting 30 hours without getting my money........I got an e-mail from the manager saying:
"The maximum withdrawal you can do at one time is 5BTC.
For wins larger than this we pay out the winnings in installments according to a schedule which we agree on together."
To me, that seemed crazy. It's one thing to have a maximum of 5 btc at one time (which I couldn't find a word of that policy on their site including FAQ's). The problem is that I'm supposed to wait on a installment plan or schedule for the other 2.7? That blew my mind. Is that the policy of most btc casinos? I bet sports big on Nitrogen and play big on Seals with Clubs. I don't have any problems withdrawing any amount and it's very fast. I honestly don't mind the 5 btc maximum if I can get my money in around 24 hours......then do another withdrawal of up to 5btc and get my money in another 24hours. That's fine with me. Any other installment plan or time schedule seems like bad business or they lack the funds. Am I being unreasonable? Maybe the casino stuff isn't for me........it's just for fun while I'm bored waiting for a poker game.
To update- as I was writing this I got my 5btc after 31 hours. Rather than taking out the other 2.7 and keeping 1 btc to play with.........I withdrew the entire 3.7 just now we'll see how long it takes. We never really worked out an installment plan so it might take awhile lol. Any comments appreciated.
All the dicing Sites I know dont have a max withdrawal but need to send from their cold storage, I dont see the reason why they would have a max, unless they try to scam you. |
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