Best Low Deposit Threshold Casinos
Here at BetSpin, we firmly believe that your bank balance should never prevent you from playing online casino games.
Below you can see a list of our all time favorite low deposit threshold casinos.
Before any site gets our recommendation, it needs to get the seal of approval from our team of experts. We have decades of experience with reviewing online casinos, and only the very best sites make the cut.
At Betspin.com we put player safety and security first. While we do accept a commission from partners which may affect brand positioning, we are dedicated to only working with trustworthy and reliable operators. All our reviews are written and rated independently of the paying partner and we reserve the right to decline commissions from operators who do not meet our standards. Our list of top live casinos is not comprehensive of every casino operating in the market but is updated continuously with the best and newest brands.
We’ve got details on the different banking methods used for cheap deposits, how to sign up and make a deposit, casino bonuses and much more.
Low deposit threshold casinos are absolutely essential for micro-stakes players, and they’re also great for brand new players who want to try their hand at online casino gaming without breaking the bank.
Thought you needed to spend a fortune to gamble online? Think again.
Here are some of the criteria used by our team:
- Software – the site should be nice and easy to access, with reliable gaming software that’s accessible to everyone. We also check out the mobile capabilities.
- Games – a deep selection of games is key, as well as a wide range of limits. There should be something for everyone/
- Banking – we like to see lots of different banking methods supported, with no fees and fast processing times. Instant withdrawals are a big bonus.
- Bonuses – We always check out the welcome bonus package for new players, but we also like to see on-running promotions for existing players. Low wagering requirements are key.
- Security and Customer Support – We would never recommend any site that didn’t have an excellent track record in security and player satisfaction.
Only sites that score highly in every category make it onto the list.
How Cheap Are Low Deposit Threshold Casinos?
Low deposit threshold casinos are naturally inclusive, so that even if you want to sign up and bet with just a couple of dollars you’ll be able to do so.
In the past, lots of casinos have had quite high minimum deposits – sometimes as high as $50 but often around the $20 mark. Over time, the average minimum deposit has got lower, and these days you can find casinos that let you register and deposit from as low as $5, or in some cases even less than a single dollar.
Not having to worry about meeting an unreasonable threshold means that just about anyone can play – which is how it should be.
How to Sign Up and Deposit
Once you’ve chosen one of our recommended low deposit threshold casinos, you’ll need to sign up for an account.
Modern casinos make the registration process as pain free as possible, so you can sign up and start playing with the minimum fuss.
You need to provide some basic personal information to create an account, and depending on where your casino is licensed you may need to submit additional documentation to verify your identity. This is a legal requirement in some countries, and it’s a pretty simple process.
To register, you’ll need to provide the following info:
- Name
- Date of Birth
- Address
- Phone Number
- Email Address
You’ll also have to create your screen name and password, and maybe some security questions too.
The registration process is also often your opportunity to use a promo code to unlock your welcome bonus. If you choose to sign up via our links, we can help you with this step.
Once you’re all signed up, it’s time to make a deposit. The casino normally has a cashier section, where you can choose how much you want to deposit and your preferred banking method.
Banking Methods For Low Deposits
As well as whatever limits your casino decides to put in place, the amount you can deposit is affected by the payment method you choose. Some methods are just too expensive to really make sense for very small deposits, so this is something you need to be aware of.
In this section, we’re running through all the most common banking methods you find at online casinos, and seeing what kind of deposit thresholds are normally associated with them.
E-wallets – Deposit Threshold: Low
E-wallets are extremely popular in the world of online gambling. They act as a kind of extra layer of security between your bank account and casino account, so you never need to make a direct payment from your personal banking if you prefer not to.
E-wallet technology allows for instant money transfers and they are low-cost from the casino’s POV – so they are perfect for small deposits. The main fees associated with using e-wallets are incurred when you make a deposit or withdrawal from your wallet to your bank account, but transactions between your wallet and casino account are generally cheap.
For these reasons, e-wallets like PayPal, Neteller or Skrill often have the lowest deposit rates at the casino.
Cryptocurrency – Deposit Threshold: Low
Cryptocurrency transactions (like sending a payment from your Bitcoin wallet) have a lot of the same advantages as e-wallets. They are extremely safe and secure, and cheap for both us and the casino.
Even though crypto is growing in popularity, it’s still less widely available at casinos than the most popular e-wallets. Fewer people own Bitcoin than have an account with PayPal too. Still, if you have a cryptocurrency wallet and your casino supports payments, the limits tend to be very low. You can check casinos with Bitcoin payments here.
Credit Cards / Debit Cards – Deposit Threshold: Medium
Bank cards are massively popular at online casinos, since the vast majority of people have access to one and are already used to using it to make online payments.
Although very small, there are fees associated with using credit cards and for this reason casinos sometimes restrict their use. For example, Visa and Mastercard are very widely accepted, but American Express has a lower acceptance rate because it costs the casino a little more.
Due to these fees, it doesn’t make sense for the casino to allow extremely small deposits via bank cards.
Branded Reloadable Cards – Deposit Threshold: Medium
Some casinos have special branded cards, backed by the likes of Visa or Mastercard, which you can sign up for when you register with a casino. Since the casino wants to encourage players to use the service, limits tend to be very reasonable. However, they are still subject to the same micro fees as regular bank cards.
Bank Transfers – Deposit Threshold: Medium
Bank transfer deposits actually vary a lot depending on your location, which means the limits vary too. As a rule of thumb, they are generally subject to fairly average deposit limits and fees.
Prepaid Cards – Deposit Threshold: High
Prepaid cards are like a credit card that you buy pre-loaded with cash, which can then be used to pay for whatever you like. In this way, they offer more anonymity than using the card connected to your bank account. Unfortunately, there are fees when you purchase a prepaid card so they don’t make too much sense as a low-cost deposit option.
Wire Transfer – Deposit Threshold: High
Wire Transfers are expensive, and for this reason they just don’t work when you want to make low cost deposits.
Casino Bonuses and Low Deposit Threshold Casinos
Low cost casinos have welcome bonuses for new players just like any other casino, but it’s worth understanding how a very small deposit might affect the value of a potential bonus.
In simple terms, casino bonuses can be slot into two categories: bonuses which are affected by how much you spend and those that aren’t.
Deposit Matching Bonuses
With a deposit matching bonuses, the casino matches some or all of your deposit with bonus cash. This means that the more you spend, the more valuable the deposit becomes.
Since low deposit threshold casinos are all about keeping costs down, this type of bonus is not likely to be massively valuable for you. A 100% Match Bonus is great if you are happy to deposit $100, but it’s much less attractive if you only want to deposit $1.
If you want to get the most value from a deposit matching bonus, low cost deposits aren’t your best bet.
No Deposit Bonuses / Free Spins / Free Bets
On the other hand, there are plenty of welcome bonuses out there that are not affected by how much you spend at all. In the case of no deposit bonuses, you don’t even need to use any of your own money. Other casinos offer free spins or free games when you create an account.
These types of bonuses are great for low deposit threshold casinos. It means everyone receives exactly the same, whether they deposit $5, $50 or $500.
When you’re looking for a low cost casino, don’t forget to think about how your deposit will impact whatever bonus you’re entitled to.
Advantages of Low Deposit Casinos
- First and foremost, low deposit casinos are great for all those players who don’t have much money to spend on gambling. They mean you can play online for real money for the price of a cup of coffee, which we love.
- Low cost sites are perfect for trying out a new game without needing to waste lots of money while you’re learning to play.
- Just because the deposit limits might be low, you’re still perfectly at liberty to deposit much more money if you prefer. You can always gradually work your way up to larger stakes and larger deposits if you want. Low deposit thresholds just give you move options.
Disadvantages of Low Deposit Casinos
- If you want to make a low cost deposit, you’re going to have a reduced field of banking methods available to you. Normally the lowest deposit limits are only available for certain methods, so if you (for example) don’t have an e-wallet account you might not be able to access the low limits.
- As we explained in the previous section, low deposits can impact the overall value of your welcome bonus. Sometimes to get the best bonus, you need to spend a little more money.
- Some games are less suited to low deposits than others. Live dealer games for example tend to have higher limits than the virtual microstake games.
Play it Safe With Low Deposits
Casinos with low deposit thresholds are the best. It makes online gambling democratic, open to everyone regardless of your bankroll. Everyone deserves the same online gambling opportunities, and these sites provide them.
And of course, If you want to play for bigger stakes and deposit more money, you can go right ahead.
Check out our list of the best low cost casinos above to find where you can start playing for real money with just a couple of dollars.
FAQs
What is a low deposit threshold?
Every casino has a minimum amount you need to deposit when you sign up. A low deposit threshold means you can sign up and start playing with a very small deposit.
How low can deposit thresholds go?
Anything under $10 is particularly low. You can find casinos that let you play with deposits as low as $5 or even $1.
Can I get a welcome bonus with a low deposit threshold?
Yes. Welcome bonuses are available for all players, no matter how much you want to deposit. However, some bonuses become more valuable if you deposit more money.
Which banking methods work for best small deposits?
The best banking methods for low deposit limits tend to be e-wallets and cryptocurrency. That said, you can find low deposit options for most methods.