Low Deposit Casinos
Low deposit casinos are becoming more and more popular because they allow you to deposit a small amount of money and play your favourite casino games. The low limit means there’s less a risk of losing money over time.
In fact, many regular gamblers enjoy using £5 minimum deposit casinos because they can try out a different casino website, check out some of the game’s available and potentially test out the withdrawal timeframes.
However, low deposit casinos aren’t just limited to regular gamblers as many newcomers enjoy registering at £5 minimum deposit casinos to see whether online gambling is for them or not. Again, the low minimum deposit means they don’t lose much if they decide they don’t enjoy gambling.
The Pros and Cons
There are numerous benefits to registering at £5 minimum deposit casinos including the ability to access your winnings quicker than other players and you may even earn larger winnings.
Wagering Requirements
If you decide to register and deposit a minimum of £5 at one of these casinos, you won’t have to face the high wagering requirements found at most other sites. Wagering requirements are basically the number of times you’re required to wager something, normally extra funds or spins from a bonus, before you’re allowed to withdraw winnings.
Most bonuses have wagering requirements attached to them and if you decide to claim a bonus, you’ll have to complete the wagering requirements which can sometimes be 30x, 35x or 40x your bonus funds, spins winnings or your bonus funds and deposit combined. Failure to complete the wagering requirement will result in you forfeiting your bonus.
You can see how this would eventually add up to a large total! However, with £5 minimum deposit casinos, you’ll face lower wagering requirements!
Quicker Winnings
Playing at a £5 minimum deposit casino means it’ll be much easier for you to claim your winnings. This is due to the low wagering requirements, as mentioned above. While wagering requirements were created to protect the casino, they often make it harder for the player to access their winnings.
Since low deposit casinos have lower wagering requirements, you should be able to complete them quickly and will gain access to your winnings sooner. This means you’ll also have a chance to withdraw it all earlier than people playing at normal casinos.
In addition, you may also find that you have a larger win than someone who had to complete a higher wagering requirement, though this is quite rare.
Faster Withdrawals
One benefit that isn’t normally touched upon is that playing at a £5 minimum deposit casino could mean faster withdrawals. The speed of payouts is important to players because users want to have access to their hard-earned money as soon as possible.
While the speed at which withdrawals finally hit your bank account generally depends on the method used, it also depends on the size of winnings. At most online casinos, the larger the winnings the longer a withdrawal will take to fully process and hit your bank account.
When playing at a £5 minimum deposit casino, it’s unlikely that you’ll land a large sum of money since you’re playing with low stakes. While this may be disappointing, it also means that the withdrawal may process quicker.
Limiting Yourself
In addition to the above, playing at a £5 minimum deposit casino means it’ll be easier to monitor your spending. If you commit to just depositing £5 at a time, you’ll be able to track how much money you’re spending compared to someone who regularly deposits different amounts of money sporadically.
While all of that sounds great, £5 minimum deposit casinos also have their disadvantages. You may find that you’re restricted from certain promotions or from using certain payment methods due to the low amount. For example:
Claiming Bonuses
Many users find that playing at a £5 minimum deposit casino can actually be incredibly restrictive. This is because most casino bonuses actually require a deposit of £10-20, particularly casinos that are offering bigger bonuses.
Playing at a low deposit casino means you’ll be excluded from most promotions and will never be able to claim larger bonuses. This may come as a disappointment for many users who enjoy playing with larger bonuses and want to win more. However, it’s also worth pointing out that there are many casinos offering no deposit bonuses which means you don’t need to deposit anything to claim a bonus, but can then deposit as little as you like. Read more about no deposit bonuses right here.
Smaller Winnings
We’ve already touched on this above but it’s important you understand that playing at a £5 minimum deposit casino may result in smaller winnings. In fact, it’s highly unlikely that you’ll make large winnings with just £5 unless you get extremely lucky and score a progressive jackpot win!
This may be extremely disappointing to some users as one of the main attractions to online gaming is the ability to win huge sums of money.
Getting Started Quickly
If you’re new to online gambling, in a rush to get started and just want to get on playing games, we’ve put together a quick three-step process to help you get started. Just follow the below steps and you’ll be playing your favourite slot games in five minutes:
1. Visit the Grosvenor Casino website by clicking here and create an account.
2. Deposit a minimum of £5 using whichever method you prefer.
3. Find your favourite game, adjust your stake and start playing.
Getting The Most Out Of Your £5 Deposit
If you do decide to register at a low deposit casino and make a £5 deposit, we suggest you play slots as they give you a chance to make frequent winnings. Progressive jackpot slots also give you a chance to land a huge win!
You should also consider playing a slot that has several special features or bonus rounds where you can win extra spins, cash prizes and more. Playing these games could help stretch your £5 deposit further and could result in your landing some extra spins or bigger wins!
Payment Options & Fees
Many people are concerned about being forced to pay transaction fees for depositing a smaller amount of money at an online casino. However, most payment options don’t charge users anything for depositing money, no matter how much it is.
The most popular payment options accepted include debit and credit cards, PayPal, Skrill, Neteller as well as Paysafecard, Trustly and bank transfers. Depending on the casino, all of these payment options shouldn’t charge any extra fees for making deposits.
The Limitations
One thing you should understand is that, while most payment options are accepted and don’t charge fees, some casinos do restrict the minimum amount you can deposit. For example, Casino.com accepts debit and credit cards, Boku, Skrill, PayPal, Paysafecard, Neteller, EntroPay, EcoPayz and more for deposits.
However, the only method you can actually use to deposit your £5 is Boku as all other payment options require a higher deposit. PayPal, Skrill, Neteller and Paysafecard all require a £10 minimum deposit while debit and credit cards require a £20 minimum.
Mansion Casino works similarly to Casino.com, restricting players to only using Boku as all other accepted payment options require higher deposits.
Grosvenor Casino, however, doesn’t restrict players. The online casino accepts payment options including debit and credit cards, PayPal and Paysafecard and the minimum deposit required is just £5.
What Do We Recommend?
If you’re considering to deposit £5 at a casino, we suggest you try to use the quickest payment option available, which generally tends to be e-wallets such as PayPal, Skrill or Neteller. E-wallets tend to be much safer than bank transfers or credit or debit cards and they also tend to process faster when it comes to withdrawals.
As explained above, you may not be able to deposit £5 with e-wallets depending on the casino you’ve registered at. If this is the case, we suggest you use Boku, a mobile payment option. It’s quick and easy-to-use which is great for people who just want to start playing. However, Boku cannot be used for withdrawals, which means you’ll need to use a different payment method for payouts.
If you’re interested in Boku as a payment option, click here to find out more.
The Bonuses
We’ve already mentioned that playing at a £5 minimum deposit casino could result in you missing out on most bonuses as they tend to require a larger minimum deposit. However, there are some casinos that offer bonuses requiring as little as a £5 minimum deposit.
For example, Betfred Games offers a welcome bonus of 25 bonus spins on Genie Jackpots, King Kong Cash, The Naked Gun or Ted for a minimum £5 deposit. According to the terms and conditions, however, the spins expire within seven days and you can only use direct debit and credit cards to claim the promotion.
In addition, popular online casino and bingo site Sundae Bingo allows users to win up to 50 bonus spins every day as long as they’ve deposited at least £5 in the last 30 days and have wagered at least £1 on their games.
The above promotions are just examples of the type of bonus or promotion you can expect to claim when making a £5 minimum deposit. If you’re disappointed with the above bonuses, we suggest you look into casinos that accept a £10 minimum deposit, more information on this can be found directly below.
£10 Minimum Deposit Casinos
£10 minimum deposit casinos work in the same way £5 minimum deposit casinos. The main differences between the two are that you’ll be able to claim many more welcome offers and bonuses and you’ll also be able to use a wider variety of payment options.
For example, Casino Joy is offering a 100% up to £200 plus 200 bonus spins welcome offer for users who register and made a minimum deposit of £10. Meanwhile, Casumo is offering a 100% of up to £300 plus 20 bonus spins welcome offer to users who deposit £10.
In addition, Fruity Casa is giving away a 100% welcome bonus plus 20 bonus spins to users who deposit £10 and lastly, Fun Casino is offering a 50% match of up to £499 plus 100 bonus spins on a £10 deposit.
You can already see that the number of bonuses available has increased substantially. However, it’s worth remembering that these bonuses will have higher wagering requirements attached to them and you MUST complete them before being able to withdraw winnings.
Always remember to read through the terms and conditions to understand how much you need to wager the bonus funds, deposit or both combined.
Are £5 Minimum Deposit Casinos Worth It?
We’ll be honest, registering at a £5 minimum deposit casino is great for someone who wants to try out a new casino or for someone who is unsure about gambling. Other than that, there are several restrictions regarding low deposit casino that can actually hinder your enjoyment. You’ll only be able to use specific payment options and you won’t be able to claim most bonuses.
If you do decide to try out a low deposit casino, we suggest you avoid claiming the welcome bonus or offer if available. It’s a good idea to wait until you’ve decided whether you enjoy the casino or gambling to claim the bonus as you can then decide whether you want to deposit more money in order to claim a larger bonus. Remember, depositing more money will mean higher wagering requirements!