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One of the dilemmas all Bitcasino players will face is when is the best time to withdraw their fund so that they make the most profit. There is no right answer for this as it is purely down to the personality of the person playing.
Below we take a look at the different things you need to consider when looking at withdrawing your fund.
Is There Any Delay For Deposits And Withdraw?
It is extremely rare to find a BitCasino site that does not offer instant deposits and withdrawals as it is one of the key advantages over Fiat-based casino operators. In most cases, the money should be showing up in your playing account when depositing.
When using a Bitcoin Wallet for gambling withdrawing will only a couple of minutes.
Before you sign up to any BTC no deposit bonus offers welcome rewards, matched deposits etc. You need to read the terms and conditions of the BitCasino website. Check if there are any delays along with if a financial transaction fee is applied.
The best Bitcoin casino operators do not charge any money for deposits and withdrawals. They use the blockchain to carry out the transaction.
When Will You Need The Capital?
If you are going to be playing at the same BitCasino site regularly it would be a waste of time depositing and withdrawing your funds. If there are any small fees attached to financial transactions then you would be costing yourself funds.
You are best off withdrawing on a monthly basis. It would also make it easier to work out where you stand.
If you are running low on funds in your bank account and could incur charges for being overdrawn then withdrawing your Bitcoins and converting them into your currency so you can use it is the sensible thing to do. You need to manage your flow of money so that you can maximize the amount of free capital you have available.
When gambling with BTC it is important to manage your money correctly or you could end up in major financial difficulty.
Make A Plan And Stick To It
Some players find it difficult to leave winnings in their player account and instead of withdrawing the gamble it away. For these types of personalities, it can work better for them to withdraw their winnings especially when they have a big win. By doing this they can protect their profits and manage their funds better.
You should always have a plan in place and stick to it. So if you decide that any win over a certain amount you will withdraw. You need to stay with this strategy and only change if it is not working for you.
Set Spending Limits
The best approach to Bitcoin Gambling is to set an amount that you can afford to lose and play only with that total. Setting daily or weekly betting limits are the easiest way to work out if you have made profits or not. You can then withdraw them monthly or weekly and it is important that you make a note of these.
Once the year is out you can then quickly calculate if you have made a profit or loss so you can consider your options going forward. If your personal circumstance change at any point it is important to reassess the budget. Make sure that you can still afford the levels set.
If you come across any problems when withdrawing your money always email the customer support team. The best Bitcasino sites have live chat available 24/7 to answer any of your concerns. It is wise to read forum posts and reviews about any BTC casino you are thinking of joining before signing up.
By carrying out a small amount of research you will quickly find it the operator pays its clients on time or not.