Understanding how money moves in and out of a casino is just as important as knowing which slots to play. At Minebit Casino, the payment system is built primarily for cryptocurrency users, but Canadian players also have fiat options through third-party gateways.
This page breaks down every method available, the exact limits you‘ll face, and the real-world processing times based on our analysis of Minebit’s official Withdrawal Policy (Effective March 15, 2025) and platform testing.
Supported Cryptocurrencies
Minebit supports a wide range of digital assets, giving Canadian players flexibility in how they fund their accounts and cash out winnings. The full list includes:
*Note: Always verify the network selection when sending funds. Sending USDT via the wrong network (e.g., ERC-20 to a TRC-20 address) will result in permanent loss of funds.*
Deposit Methods and Limits
Deposits are instant and fee-free on Minebit’s side. You are only responsible for the blockchain network fee (gas) when sending crypto.
Important: If you deposit using a method that requires currency conversion (e.g., CAD to crypto), the rate is determined by the payment processor, not Minebit.
Minebit Casino Withdrawal Methods and Limits
Withdrawals are where Minebit sets itself apart with a $100,000 per transaction cap-significantly higher than most offshore casinos.
Note: Withdrawals over $10,000 USD equivalent trigger Enhanced Due Diligence (EDD), requiring a Source of Funds declaration.
How to Deposit Cryptocurrency (Step-by-Step)
Log in to your Minebit account.
Click the Deposit button (green, top-right corner of the lobby).
Select your preferred cryptocurrency from the dropdown.
Copy the displayed wallet address or scan the QR code with your mobile wallet.
Send the exact amount from your external wallet.
Wait for 1-3 network confirmations. The funds will appear in your balance automatically.
Critical Tip: Always double-check the network. If you send USDT on the Ethereum network to a TRC-20 address, the funds are irretrievable.
How to Withdraw Funds (Step-by-Step)
Navigate to My Account > Withdraw.
Select the same cryptocurrency you deposited with (whenever possible).
Enter the amount you wish to withdraw.
Paste your destination wallet address.
Complete Two-Factor Authentication (2FA) if enabled (highly recommended).
Submit the request.
Your request will first enter a Compliance Check queue. This includes:
AML Screening (OFAC, UN, EU watchlists).
Wagering Requirement Verification (active bonuses must be cleared or forfeited).
KYC Status (must be fully verified for first withdrawal).
Withdrawal Processing Times and Fees
Fees: Minebit does not charge internal withdrawal fees. You pay only the blockchain network fee (gas), which fluctuates based on network congestion.
KYC Verification Requirements for Withdrawals
No withdrawal - not even a $20 test withdrawal - will be processed until your account is fully verified. This is a hard requirement under Anjouan regulations (Money Laundering Act 008 of 2005).
Required Documents:
Government-issued ID (passport, driver’s license, or national ID card).
Proof of Address (utility bill or bank statement dated within the last 3 months).
Source of Funds Declaration (only for single withdrawals over $10,000 USD equivalent).
How to submit: Upload clear photos or scans via My Account > Verification. The review typically takes 24–48 hours.
Refund Policy Explained
Minebit’s Terms and Conditions (Section 8.1) define a “Refund” as a return of a deposit before any gameplay occurs. Here‘s exactly how it works:
How to request a refund: Email [email protected] with your username and deposit transaction ID. You must complete KYC before the refund is approved.
Common Issues and Troubleshooting
FAQ: Minebit Casino Bonuses
What is the minimum deposit at Minebit?
$10 USD equivalent for cryptocurrency. $20 CAD equivalent for Interac/bank transfers.
How long does a Bitcoin withdrawal take?
Most withdrawals are processed within 15 minutes to 1 hour. During peak blockchain congestion, it may take up to 24 hours.
Are there any hidden fees?
Minebit charges zero internal fees. You pay only the standard blockchain network fee.
Can I withdraw directly to my Canadian bank account?
Yes, but the minimum is $100 CAD and processing takes 3–7 business days. Intermediary bank fees may apply.
What happens if I send crypto to the wrong address?
Funds are permanently lost. Minebit cannot reverse blockchain transactions.
Do I need to wager my deposit before withdrawing?
No. If you have no active bonus, you can withdraw your deposit immediately (after KYC). If you claimed a bonus, you must meet the 25x wagering requirement first.
What is the maximum I can withdraw per day?
There is no daily limit. The limit is $100,000 per transaction. You can submit multiple transactions back-to-back.
How do I check my withdrawal status?
Go to My Account > Transaction History. Statuses include: Pending, Approved, Processed, or Rejected.
Does Minebit support Interac e-Transfer?
Not directly. Canadian fiat deposits are processed via third-party gateways that accept Interac, but the exact method varies by provider.
Can I cancel a withdrawal request?
Only if the status is still “Pending.” Once “Processed” appears, the transaction is on the blockchain and cannot be reversed.