I’m educating myself on crypto transfers and fees associated with these transactions, and why certain casinos are getting away with keeping deposits because they are blaming fees for the deposit never arriving, which I’m finding appears to be complete rubbish!
Here’s what I’m talking about; most legitimate casinos that I’ve been using past few years state that deposits under .001 to .01 BTC would be too small an amount to cover fees of transferring to their casinos, which makes sense because that is a very small amount of currency.
However, MBit Casino (yes, this is my casino complaint) says a minimum of .14 BTc is required for a deposit.
Now I do understand casinos can set policy for whatever amount they want to have their minimum, which is fine, if it’s just their policy, however, MBit is using the excuse of mining fees, and other associated costs with transferring the crypto.
I have been researching this topic since I deposited nearly .135 in Litecoin (about $12 USD) and MBit claimed it was never received because of ‘mining fees’ which I’m 99.9 percent certain is a lie and allows them to pocket many player’s deposits, especially because so many other casinos have DRAMATICALLY LOWER minimums.
so anyone who is knowledgeable on this please respond, because by all accounts MBit appears to be very crooked.