Reviewing Deposit/Cash-Out process at Wagered Casino

Hi LCB'ers, 

Let's find out how efficient Bitcoin-friendly Wagered Casino is with the processing of Bitcoin transactions. Here are the highlights:

• Tester of the Day: RedApple
• Registration completed on April 28, 2025
• Deposit of $200/ 0.00213033 BTC made on April 28, 2025; a fee of 0.00000981 was charged 
• Withdrawal of $50 in BTC requested on April 28, 2025
• The tester received $30.47 on the same day

Registration

To become a member of Wagered Casino our tester needed to fill in a simple form.
Players should know that an account can be suspended without prior notice, but contractual obligations already made will be honored.
Exploring the casino’s AML section, players shall discover that data and transaction records must be kept for 10 years after the business relationship has ended. (AML page- type in “Record keeping”, and you will find it)

Deposit

After a non-complicated registration process the tester went on to deposit $200/ 0.00213033 BTC. A fee of 0.00000981 BTC was charged for this transaction.

Following this, he verified the e-mail address by entering a code he received in an e-mail.

According to the cashier, the minimum deposit amount is USD 5. Differences may appear depending on the method selected. Versatile cryptocurrencies can be used to fund the account.

Gameplay

As soon as money landed on his casino balance the tester went on to check out some games. Fortune Ox was the first slot he launched, followed by Dragon Hatch, Fortune Mouse, and Wild Bandito, all developed by PG Soft. The next in line and the last one he played was Xmas Invaders.

Withdrawal

Having finished playing the digital one-armed bandits the tester went on to request a withdrawal of $50/  0.000525 BTC.
On the very same day, April 28, 2025, he received $30.47/ 0.000325 BTC.

Comparing the amounts in BTC, it is evident that the difference exists there as well, and it‘s not a result of Bitcoin value fluctuation. Most likely a fee was applied, even though the screenshot of the tester‘s crypto wallet doesn‘t indicate so.
Exploring the Terms and the FAQ, players shall encounter conflicting information regarding fees.

A large fee may be applied for charge-back, denial, or reversal of payment; however, our tester requested none of the mentioned.

As soon as a sufficient number of confirmations on the blockchain is received, the transaction will be processed, or exceptionally within 24 hours.

Whenever possible, withdrawals will be returned via the same method as the one used to make a deposit. (Terms 8.4)
Our tester wasn’t asked to submit documents for KYC at any point, but players may be asked to complete the ID verification process.

Conclusion

Receiving a nearly 40% smaller amount than the one requested, without an explanation is not something players should tolerate. While the rest of the investigation did go smoothly, the withdrawal, even though processed rapidly, was shockingly smaller than the sum requested.

Normally, we advise players to read Terms, but that wouldn’t be of help in this very specific scenario, as there are way too many conflicting points.

All in all, be cautious when visiting Wagered Casino, as you may end up unpleasantly surprised. Keep a close eye on our channel for more insightful video reviews to be added & gamble responsibly!

Full report: https://lcb.org/news/wagered-casino-test-requested-50-in-btc-received-money-on-the-same-day-but-40-less

Hi LCB-ers, video report added to the original post.