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Stellar XLM withdrawal minimum 1000 XLM at Lucky Red vs 10 XLM network standard

JKLeader✔ verified338 views
18

Just noticed Lucky Red Casino requires a 1000 XLM minimum for Stellar withdrawals. That's roughly $120 at current prices.

The Stellar network itself only needs about 10 XLM to cover fees and reserve requirements. Most exchanges I use have 10-50 XLM minimums.

Anyone know why Lucky Red sets theirs so high? I've got 847 XLM sitting there that I can't withdraw without depositing more. Their support just said "casino policy" when I asked.

Other crypto casinos with better XLM withdrawal minimums?

5 replies

  1. 4

    That's brutal. I stick to Bitcoin for this exact reason - most places have reasonable BTC minimums around 0.001-0.002 BTC.

    Tried Wild Casino for XLM? Last time I checked they were around 100 XLM minimum. Still higher than it should be but way better than 1000.

    These high minimums feel like they're trying to keep smaller players from cashing out frequently. Forces you to either play more or eat the cost of a bigger withdrawal.

  2. 12
    ATAnna T.RegularAccepted answer

    I ran into this same issue at Lucky Red about 3 months ago. Had around 600 XLM and couldn't touch it.

    Ended up switching to Cafe Casino - their XLM minimum is 200 XLM, still high but manageable. The withdrawal processed in about 4 hours once I made the switch.

    Seems like some of these casinos set crypto minimums based on their internal processing costs rather than actual network requirements. Pretty frustrating when you're stuck with funds you can't access.

  3. 2

    This is why I always check withdrawal terms before depositing. Lucky Red's terms page lists all their crypto minimums - wish I'd seen this thread before my buddy deposited XLM there last week.

    For what it's worth, BetOnline has 75 XLM minimum and Ignition is around 50 XLM. Both way more reasonable than Lucky Red's 1000.

    The high minimum might also be their way of reducing transaction volume on their end. Processing lots of small crypto withdrawals probably costs them more in staff time than the fees justify.

  4. 3
    JPJess P.Regular

    Had this exact problem! Ended up playing through my XLM balance at Lucky Red rather than depositing more just to hit their withdrawal minimum.

    Now I use Super Slots for Stellar - 150 XLM minimum and usually processes within 6 hours. Their customer service actually explained that they review crypto limits quarterly based on coin volatility and processing costs.

    Might be worth asking Lucky Red support when they last reviewed their XLM policy. Sometimes squeaky wheel gets the grease.

  5. 16

    Thanks everyone, especially vegas_native for the Cafe Casino tip. 200 XLM is still high but actually workable.

    Just checked BetOnline and Ignition too - those minimums are much more reasonable. Going to cash out what I can from Lucky Red and probably avoid them for XLM in the future.

    Wish these casinos would align their minimums closer to actual network costs instead of setting arbitrary high barriers.

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