Choosing between AUD and USD/EUR - which is more profitable
1. Introduction
Australian players are often faced with the choice of replenishing their account in Australian dollars (AUD) or using US dollars (USD) or euros (EUR). This selection directly affects the fees, enrollment rate, and final amount available for play. The error can lead to unnecessary conversion costs and loss of part of the winnings when withdrawing funds.
2. Key Currency Selection Criteria
2. 1. Conversion fees
AUD - if the casino accepts this currency directly, there is no conversion, which means there are no additional costs.
USD/EUR - almost always involve double conversion:
2. 2. Exchange rate
When paying in USD/EUR, the rate is set by the bank or system (Visa, Mastercard, PayPal, Skrill, etc.), often with a premium to the market rate.
Even a slight deviation of the exchange rate (0.5-1%) on large deposits significantly increases costs.
2. 3. Enrollment and Withdrawal Rate
AUD - instant crediting when using local payment systems (Osko, NPP, POLi).
USD/EUR - may require additional verification of the transaction, especially with large amounts.
2. 4. Bonus Program Restrictions
Some casino shares are available only for deposits in a certain currency. For example, a welcome bonus can be valid only for AUD or only for USD.
3. Advantages of AUD selection
1. No double conversion and minimal fees.
2. Win transparency - The withdrawal amount is independent of currency fluctuations.
3. Support for local banks and instant payment systems.
4. Simplified financial reporting - convenient for tax accounting in Australia.
4. Advantages of choosing USD/EUR
1. Wide selection of casinos - some international platforms only work with USD or EUR.
2. Larger bonuses in some cases - casinos may offer fixed amounts in USD/EUR, which in terms of AUD will be higher.
3. Convenient when playing international tournaments with prize money in USD/EUR, if there are no plans to convert funds back to AUD.
5. Risks when using USD/EUR for Australian players
Double conversion on deposit and withdrawal.
Exchange rate instability - currency fluctuations can reduce the total amount.
Additional fees from the bank or payment system.
Loss of part of the gain with a sharp strengthening of AUD.
6. When it makes sense to select AUD
The casino accepts AUD directly without conversion.
The player plans regular deposits and withdrawals to the Australian account.
The goal is to minimize transaction costs.
7. When it makes sense to choose USD/EUR
The casino does not support AUD as an account currency.
The player participates in international tournaments with fixed payments in USD/EUR.
The payment system offers a preferential rate or zero commission on transactions in USD/EUR.
8. Summary Comparison (Summary Table)
9. Conclusion
For most Australian players, choosing AUD is more profitable due to savings on commissions and the absence of currency risks. USD/EUR should be chosen only if there is no AUD support or if there are special bonus offers that compensate for the conversion costs.
Australian players are often faced with the choice of replenishing their account in Australian dollars (AUD) or using US dollars (USD) or euros (EUR). This selection directly affects the fees, enrollment rate, and final amount available for play. The error can lead to unnecessary conversion costs and loss of part of the winnings when withdrawing funds.
2. Key Currency Selection Criteria
2. 1. Conversion fees
AUD - if the casino accepts this currency directly, there is no conversion, which means there are no additional costs.
USD/EUR - almost always involve double conversion:
- 1. AUD → USD/EUR on deposit;
- 2. USD/EUR → AUD on withdrawal.
- Banks and payment systems can deduct 1-5% of the commission for each transaction.
2. 2. Exchange rate
When paying in USD/EUR, the rate is set by the bank or system (Visa, Mastercard, PayPal, Skrill, etc.), often with a premium to the market rate.
Even a slight deviation of the exchange rate (0.5-1%) on large deposits significantly increases costs.
2. 3. Enrollment and Withdrawal Rate
AUD - instant crediting when using local payment systems (Osko, NPP, POLi).
USD/EUR - may require additional verification of the transaction, especially with large amounts.
2. 4. Bonus Program Restrictions
Some casino shares are available only for deposits in a certain currency. For example, a welcome bonus can be valid only for AUD or only for USD.
3. Advantages of AUD selection
1. No double conversion and minimal fees.
2. Win transparency - The withdrawal amount is independent of currency fluctuations.
3. Support for local banks and instant payment systems.
4. Simplified financial reporting - convenient for tax accounting in Australia.
4. Advantages of choosing USD/EUR
1. Wide selection of casinos - some international platforms only work with USD or EUR.
2. Larger bonuses in some cases - casinos may offer fixed amounts in USD/EUR, which in terms of AUD will be higher.
3. Convenient when playing international tournaments with prize money in USD/EUR, if there are no plans to convert funds back to AUD.
5. Risks when using USD/EUR for Australian players
Double conversion on deposit and withdrawal.
Exchange rate instability - currency fluctuations can reduce the total amount.
Additional fees from the bank or payment system.
Loss of part of the gain with a sharp strengthening of AUD.
6. When it makes sense to select AUD
The casino accepts AUD directly without conversion.
The player plans regular deposits and withdrawals to the Australian account.
The goal is to minimize transaction costs.
7. When it makes sense to choose USD/EUR
The casino does not support AUD as an account currency.
The player participates in international tournaments with fixed payments in USD/EUR.
The payment system offers a preferential rate or zero commission on transactions in USD/EUR.
8. Summary Comparison (Summary Table)
| Criterion | AUD | USD/EUR |
|---|---|---|
| Fees | Minimum or zero | 1-5% for each conversion |
| Exchange Rate | Not Applicable | Bank + Surcharge |
| Enrollment Rate | Instant | Sometimes Delays |
| Bonus availability | Depends on casino | There may be more promo |
| Risks of currency fluctuations | None | High on long games |
| Tax convenience | Maximum | Recalculation required |
9. Conclusion
For most Australian players, choosing AUD is more profitable due to savings on commissions and the absence of currency risks. USD/EUR should be chosen only if there is no AUD support or if there are special bonus offers that compensate for the conversion costs.
