Par latest_casino_bonuses
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Hi LCB'ers,
Check out our latest test report! Our tester paid a visit to Koi Casino. As always, a special attention was given to deposits, and withdrawals, in particular processing timeframe and potential fees. Highlights:
- Tester of the day: Cactus12
- Registration date: December 15, 2022
- KYC documents sent on December 15, 2022
- Deposit of EUR 200 / 0.01214056 BTC via Coinbase made on December 15, 2022; a fee of EUR 2 applied, so after the removal of an automatic bonus, she received EUR 195.53
- Withdrawal of EUR 50 via Coinbase requested on December 15, 2022; a fee of EUR 5.5 applied, so the tester could cash out EUR 44.5
- Withdrawal of 0.00268035 received on December 15, 2022
In this video report, we’ll introduce you to our tester’s genuine experience with Curacao-licensed Koi Casino. This non-US-friendly online casino features games from Spinomenal, Booming Games, Play’n GO, and many other top-performing studios.
Curious to see how fast Bitcoin transactions are processed, one of our testers registered, completed KYC, and funded the account. After exploring some games, she requested a withdrawal and received her money the very same day.
Everything seems to have run smoothly, except for the fact that fees were charged on both transactions. Was it in line with Koi Casino’s terms? Stay tuned to take a closer look at our tester’s investigation!
Registration and KYC
Our tester registered on December 15, 2022. She also verified her identity immediately to avoid potential delays during withdrawal time. The documents she submitted include an image of her passport, a selfie where she holds the document, and the utility bill.
Deposit
Following quick and simple registration, she decided to fund the account. The tester wanted to deposit EUR 200 in Bitcoin. When she entered the desired sum, the cashier displayed EUR 198, because Koi Casino charges fees on deposits.
A couple of minutes later, the sum in the cashier increased to EUR 391.06. A bonus was added to her account automatically. The tester wasn’t interested in handling wagering requirements for a bonus, so she asked the live chat support to remove it. She even canceled the offer in the “Bonus” section.
After the bonus was canceled, the balance amounted to EUR 195.53. The amount was even smaller than the one before the bonus was added. This meant that either the exchange rate is not correctly stated in the cashier or the casino doesn’t guarantee the stated exchange rate.
Cards, e-wallets, and a variety of cryptocurrencies are available for deposits. The accepted currencies include EUR, CAD, INR, NZD, NOK, YEN, USD, and KR. The minimum deposit amount is EUR 20.
Gameplay
The tester’s first choice was Cougar Cash, followed by Big Bad Wolf Christmas Special, Book of Horror Friday the 13th, and Reel Talent. After these, she explored Let It Spin by Booming Games, which brought her a win of EUR 23.40.
Later on, she tried luck with Wild Coaster, Gift Rush, and Wins of Winter. She once again launched Let It Spin, triggering a win of EUR 56.34. The next in line was Wonders of Christmas, Spinions Christmas Party, and Fishin’ Christmas Pots of Gold.
Following a set of holiday-inspired slots, the tester played Odin’s Gamble and Jack and the Beanstalk, after which she returned to Let It Spin.
Withdrawal
Having explored multiple games, the tester made a request to withdraw EUR 50 on December 15, 2022. A fee of EUR 5.5 was removed from her account, decreasing the requested amount to EUR 44.5. A minute later, a notification arrived confirming that her request was accepted. The request was approved a couple of hours later, after which the tester received the money.
The minimum amount to withdraw is EUR 20, while the maximum amounts to EUR 10,000 per day. Processing time is up to 5 working days.
All deposits need to be wagered once before a withdrawal is possible. Fees are charged on both deposits and withdrawals. The verification is needed in case the cumulative withdrawals reach EUR 2,000.
Conclusion
The entire process from registration to withdrawal completion was finalized within a couple of hours, which confirms that Koi Casino is extremely efficient in processing transactions. However, the fact that fees are imposed on both deposits and withdrawals is a drawback.
We hope this video report has given you a complete insight into Koi Casino’s practices. Gamble responsibly!
Full report: https://lcb.org/news/koi-casino-tested-efficient-processing-but-with-fees-on-btc-deposits-withdrawals
