Why are there different minimum amount of withdrawal for currencies?

[iamsheikhadil]

The minimum amount of withdrawal for bitcoin is 0.002 btc while minimum for eth is 0.04 while minimum for litecoin is 0.1 and for doge coins it is 500 dogecoins.

The minimum amount is there to ensure faster processing, and to ensure players actually "play" on the site and doesn't get away with free money.

But, one may not be able to withdraw 0.0002 btc but he can exchange it for dogecoins and can easily withdraw in dogecoins hence breaking the reason for minimum withdrawal.

Thats why I ask, why there's not a uniform minimum withdrawal, or is there something am missing? Not that am complaining about it tho

[wyj1306]

10 minutes ago, iamsheikhadil said:

The minimum amount of withdrawal for bitcoin is 0.002 btc while minimum for eth is 0.04 while minimum for litecoin is 0.1 and for doge coins it is 500 dogecoins.

The minimum amount is there to ensure faster processing, and to ensure players actually "play" on the site and doesn't get away with free money.

But, one may not be able to withdraw 0.0002 btc but he can exchange it for dogecoins and can easily withdraw in dogecoins hence breaking the reason for minimum withdrawal.

Thats why I ask, why there's not a uniform minimum withdrawal, or is there something am missing? Not that am complaining about it tho

I also do not understand why this happens, as on most cryptocurrency betting sites the minimum withdrawal is 200k satoshis in all currencies, so all are adjusted according to the btc value in relation to them. But I don't think that matters much.

[iamsheikhadil]

1 minute ago, wyj1306 said:

I also do not understand why this happens, as on most cryptocurrency betting sites the minimum withdrawal is 200k satoshis in all currencies, so all are adjusted according to the btc value in relation to them. But I don't think that matters much.

Not really, in other sites too, different coins have different minimum withdrawals.

I think however, that the minimum amount of withdrawal isn't only to limit the player from running away with free money (also it's one of reason) but it includes the transaction fees, demand etc as well.

But I don't know for sure

[sheenazbay]

I can't answer that. because i don't know why. By the way, do you deal with users who withdraw money for free? in my opinion, whatever they do, whether it's from the forum results and they increase it and withdraw it, then that's their business. everyone's money is different, so maybe they are looking for money here, even if it's free, and they are happy there are different withdrawals for each coin.