Author: Jack Richer
Updated: 01.11.2025
Are you interested in playing your favorite pokies with crypto? Well, there are plenty of excellent options to pick from, with new and new top-notch crypto casinos launching in Australia every day! We will be going over the top picks among these gaming sites, according to our experts, as well as a bunch of other crucial information for them.
Pistolo Casino
Excellent
Players from United States not accepted.
Welcome bonus
100% up to 500 EUR + 200 Free Spins
Best for Aussies
Monster Win Casino
Excellent Players from United States not accepted.
Welcome bonus
100% Up to 500 EUR + 200 FS
Best for Aussies
Allyspin Casino
Excellent Players from United States not accepted.
Welcome bonus
Up to €500 + 200 Free Spins
Best for Aussies
OceanSpin Casino
Excellent Players from United States not accepted.
Welcome bonus
100% up to €500 + 200 FS + 1 bonus crab
Best for Aussies
RoboCat Casino
Excellent Players from United States not accepted.
Welcome bonus
100% Up to €500 + 200FS
Best for Aussies
Australian crypto casinos are places where players can enjoy their favorite pokies by depositing and playing with cryptocurrencies. Of course, the vast majority of new online casinos in Australia do accept crypto, and that’s why playing in crypto casinos reveals a lot more choice now than ever.
With so many different competitive options, picking the best crypto casino to enjoy is difficult. Still, here is what we would consider to be the best new gaming site where you can play with crypto:
Spinbara: The best all-around new crypto casino in Australia
We believe that the best new online casino with crypto deposits in Australia, which was launched in 2025, is none other than Spinbara. It encompasses everything we consider to be beneficial to online casinos with cryptocurrency deposits, while having few of the usual downsides to them.
First off, we should mention that, from the moment of its launch, Spinbara has been a licensed gambling site, with it being regulated by the Anjouan Gaming Authority. Of course, this is the most popular license issuer for casino operators to go for nowadays, and our readers might already know what the license over Spinbara means, too – that the casino is legitimate and safe to play in.
Depositing with cryptocurrencies is possible via a pretty significant range of different tokens. Of course, the most popular options among them, such as Bitcoin, Ethereum and Tether, which are all widely used by crypto casino game enjoyers nowadays, are present here. Additionally, you can deposit with a bunch of smaller, less popular and widely used tokens, too.
For instance, these include the SHIB, ADA, DOGE and so on cryptocurrencies, which are not particularly widely known by more casual crypto users, but provide a degree of flexibility for those who might want to use them. We also love that the minimum deposit limit is the equivalent to $20 in the respective cryptocurrency that you are depositing with, which is a very compelling limit, in our view.
Then, once you are done playing the 7000+ Games of Spinbara, or betting in its robust Sportsbook, you can cash out with the same low minimum limit of the equivalent of $20 in your cryptocurrency of choice. Also, there are no deposit or withdrawal fees from the gambling house by Spinbara itself, though you will need to deal with the usual crypto miner fees, just like when playing anywhere else.
So, if you are interested in a vibrant and safe new online casino to cash in via crypto, as well as play thousands of cutting-edge games, we can definitely recommend Spinbara!
Now, before we go any further, we should address the rather negative reputation crypto casinos tend to have for Australian players. In 2025, less and less among our readers consider them shady, or unreliable, but there are still some that might do so. We find that to be unfounded, because crypto casinos stand out both in terms of their regulation and services nowadays.
So, we’d like to explain what the licenses of crypto casinos are and how you can be sure that playing your favorite pokies within them is as safe as possible. Here’s why such gaming sites are a safe and competitive bet:
Crypto casinos are licensed
by various regulatory bodies. The most common licenses you will find are issued by the regulatory bodies of jurisdictions like Anjouan or Curacao, and provide players with guarantees for the legitimacy of the gaming sites. Of course, unlicensed crypto casinos are also present out there, but we consider them to be the exception, rather than the rule in 2025 and beyond!
There are more Games
to play at new crypto casinos than there are at the majority of conventional FIAT-based gaming sites. That is because innovation is a major selling point of paying with crypto in general, so online casinos try to offer new iGaming experiences to their players, who are on the lookout for them. Also, the more relaxed regulation over these iGaming sites by their license issuers helps keep things safe, too!
Responsible gambling
is promoted by crypto-based online casinos to their players, because that is something that their license issuers expect from them. We can also say that even unlicensed crypto casinos, though, tend to feature some responsible gambling measures for their Aussie players nowadays! Being able to gamble responsibly is a guarantee in crypto casinos in 2025! We will be taking a look at some of these features a bit later on in our article, too, so stay tuned for that!
Bigger Bonuses
are available within crypto casinos than what you might find at their FIAT counterparts. That is because cryptocurrencies have fewer restrictions and limits in terms of how much money you can spend via them, due to the lack of a centralized regulatory authority. If you are a high-roller, you should definitely check out crypto casinos and their massive bonuses! We will also be taking a look at the different bonuses at such gaming sites in Australia nowadays, too, once again, later down in our article.
Modern mobile features
are also available within crypto-based online casinos, too, including access to different downloadable and web-based apps to play in. Crypto-based casinos have long realized that their Aussie audience prefers to play their favorite games on the go nowadays, and that’s why they seek to cater to that demand in every way possible!
In conclusion, playing in crypto-based online casinos in Australia is a great option for anyone who’s looking for a cutting-edge iGaming experience! And if that sounds interesting to you, here’s how you can get started with such online casinos:
This section of our article is meant to provide some guidance to those among our readers who are completely new to playing in online casinos in Australia with cryptocurrency deposits. We believe that is necessary, because the process of getting crypto can be convoluted to some, just like the process of signing up and starting to play, too.
That’s why we’d like to take a look at both of these processes by themselves, obviously starting with how you can get the crypto to deposit with in the first place:
The biggest downside to depositing to online casinos in Australia with crypto is the fact that you need to get your cryptocurrency from somewhere. However, doing so is easier than ever in 2025, as there are many different reliable exchange services that you can use, even if you are completely new to cryptocurrencies.
We are talking about major companies like Binance, which make the process of getting crypto exceptionally straightforward. To give you an example of why that is, you can head over to the website of Binance, or download its app, and then just use your credit or debit card, an e-wallet and so on to purchase a whole range of cryptocurrencies.
We recommend always using a major exchange like it when getting crypto, not only because of the larger degree of convenience that it provides players with, but also because smaller crypto exchanges have occasionally turned out to be fraudulent in the past. Also we recommend avoiding peer-to-peer crypto purchases, too, because they can be very unsafe.
We need to also go over what cryptocurrencies you should get. Well, if you are buying crypto on a large exchange, like we recommend, you are not going to be limited by what is available, for the vast majority of crypto tokens. However, we believe that there is a type of cryptocurrency that is a lot better to use than other options: Stablecoins.
Stablecoins have their value tied to that of certain FIAT currencies like the US Dollar. This makes them an obvious choice if you are looking to avoid the usual pitfalls of cryptos like Bitcoin and Ethereum, which include the significant volatility experienced by these tokens and their high miner fees. Of course, if you don’t like stablecoins, feel free to use any other crypto token in your favorite online casino. Here’s a thorough guide on how you can do so:
If you are interested in signing up to a crypto casino in Australia, here’s a step-by-step guide on how you can do just that. We will also cover how you can deposit and start playing, too!:
of the online casino and take a look at it to find the registration button. This can usually be found towards the top end of the website, or it could be in a prominent place on its landing page. Click the button to see the registration form of the gambling house.
with whatever information is required by the online casino. This can include your name, address, and your age. Make sure the information is accurate, because, while cryptocurrency casinos seldom ask you to verify it right away, they always reserve the right for themselves to do so later down the line.
to the online casino once you are done. At this point of the process, you may be asked to verify your email address or your phone number, so just do that by following the instructions of the gambling house.
to cash in via your cryptocurrency of choice. Usually, there is a Cashier button at the top end of whatever page of the online casino’s website you are at, which can be clicked to bring up the correct page. There, you should select crypto as a payment method, and pick your token of choice from the list of options.
that you desire by just transferring crypto to the wallet address of the casino, which should be displayed on the deposits page. When doing so, though, you need to be very careful! Make sure the address is exactly right before authorizing the transaction, because you will otherwise just waste your money. If possible, copy and paste the address, or use the QR code payment feature provided by major exchanges like Binance to scan it.
Your deposit should be reflected in your account balance immediately, or in up to a couple of minutes, depending on the amount of traffic that the blockchain is experiencing. Once that is done, you can begin playing right away, but if you don’t see your funds reach your account in an hour, it’s worth contacting the Support of the online casino to figure out what went wrong.
We mentioned before that one of the biggest reasons why players in Australia should check out new crypto casinos in 2025 is the staggering bonuses that these gaming sites can provide. Well, we will be dedicating this section of our article to just that, and going over these promotions! But first, let’s take a look at them in action, in our experts’ next pick for an excellent new Aussie online casino:
MonsterWin: New AU online casino with monstrous bonuses
Monster Win Casino
Excellent Players from United States not accepted.
Welcome bonus
100% Up to 500 EUR + 200 FS
If you are looking to claim the best new bonuses from a crypto casino in Australia, then, you should definitely consider MonsterWin! The iGaming site was launched in early 2025, and offers a very exciting Welcome promotion for casino game lovers. Cashing in via crypto lets you get a 100% bonus for your initial deposit, up to the equivalent of $750 in whatever token you deposit with, as well as 200 Free Spins, available across a range of popular Pokies.
That said, if you would like to cash in via a cryptocurrency and bet on Sports, there’s also a First Deposit Bonus of up to $150, or its equivalent in your cryptocurrency of choice, that you can make good use of. Whatever of the two promotions you end up picking, there will be plenty of other options down the road for you to enjoy, too.
These include the frequent Reload bonuses of the gambling house, which are available three times per week. Two of these are Casino reload bonuses which you can claim with a crypto deposit, and the third is a Sports reload promotion, which is also available to those who wish to cash in via the digital assets.
There are also two Cashback promotions, which you can make good use of. These are the Live Casino Game and Sports Cashbacks. Each of them will let you recover a certain amount of the cryptocurrencies lost in the respective type of iGaming experience from throughout the week.
Finally, those among our readers who are interested in sticking with MonsterWin for a while will be happy to know that the crypto casino also offers access to a very thorough VIP program for them to explore, netting them exclusive account perks for their loyalty!
Table of contents
Now, here’s what the five best bonus types you can find at new crypto casinos in Australia tend to look like nowadays:
Welcome bonuses are one of the most sought-after promotions by crypto casino game lovers, and that is because such Welcome bonuses are usually the single biggest promotion that these players will ever be able to get. They can reach truly staggering heights, especially when we take into account the fact that crypto transactions come with way less restrictions in terms of maximum size, compared to some FIAT options.
This enables online casinos in Australia to offer truly unforgettable Welcome offers. Some of these Welcome offers can reach upwards of 1 BTC, which, as of the time of writing, is trading for more than $140,000! However, even when these promotions are not as staggering, they can still offer plenty of incentives for players to check out the gambling house.
Most Welcome bonuses at the newest crypto casinos in Australia can also offer access to Welcome packages. Unlike a Welcome bonus that you can only get with your initial deposit to the gambling house, you can get a Crypto Welcome Package over the course of the first two, three, four, or so on, deposits to the gaming site, which helps players truly get a head start and jump right into their favorite pokies easier.
The Welcome package of crypto-based online casinos in Australia also provide access to other perks besides the massive cash amounts we mentioned. For instance, most of them come with extra Free Spins, too. Finally, those who are interested in cashing in via cryptocurrencies and betting on Sports, will also find respectable Crypto Welcome offers for those, offering up to several hundred AUD, too.
If you are interested in racking up consistent and rewarding crypto-based bonuses, then the most obvious choice is making use of the frequent Reload offers the majority of new Aussie casinos can offer to those who are looking to play with crypto. These offers can be claimed for an indefinite amount of time, and will definitely make up the majority of the promotions that you will use if you play for a while at any AU crypto casino.
Usually, these promotions can be claimed once per week, and reward players with a certain amount of Bonus cash, up to several hundred AUD’s worth in your cryptocurrency of choice. The equivalent bonuses for FIAT-based deposits are generally available up to a lower maximum amount.
Aside from their bigger size, crypto reload bonuses also have the advantage of usually being available for sports betting, as well as for online pokies. Of course, these sports crypto reload offers are generally lower than their casino bonus counterparts, but that’s just the nature of these types of promotions!
If you are interested in extra cash to play with, you can usually get referral bonuses from crypto casinos in Australia way easier than you would be able to from their FIAT counterparts. That is because of the heightened social element to online gambling houses with cryptocurrency deposits, compared to more conventional FIAT iGaming experiences.
Either way, most online casinos with crypto deposits in Australia nowadays run some kind of referral program, which lets you introduce payers with your unique account link. Once these players make their first deposits and get into their favorite pokies, you will be able to get a certain cash bonus!
We should also mention that some crypto casinos provide you with a small amount of extra cash based on the losses from the pokies of the account of your referrals, for the lifetime of these accounts. Once again, we get to see such generous referral models very rarely outside of new crypto-based online casinos in Australia.
A cashback offer is a great way to recover some of your losses from crypto casinos. These cashback offers let you recover a percentage of said losses, from a certain type of gambling experience, over a certain period of time. The gambling experiences they cover can include Pokies, the Table Games collection of the online casino or even sports.
And the period of time you recover these losses can be a day, a week or even a month. That said, if you are interested in playing with cashback promotions, you will also be very happy to know that crypto casinos nowadays generally allow you to withdraw winnings from them way easier than before, too.
There is a wagering requirement of just 1x-5x on average at these new online casinos, which is very low, compared to what deposit bonuses nowadays tend to require.
Finally, the lack of established limits makes cryptocurrencies an obvious choice for high-rollers, as well as players who would like to spend a lot of time and money in a single gaming site. The majority of online casinos in Australia tend to cater to just that kind of player, via their VIP programs.
There are two ways to participate in these VIP programs nowadays. The first, and most common among them, is for players to be able to attain a VIP rank through depositing a certain amount of money via crypto to the online casino. There are usually several VIP ranks to climb, with the higher you get, the better perks you generally earn.
Or, alternatively, you might also get ahead at the VIP program of the gambling house by just reaching a certain total amount of money spent to qualify for its VIP package. Either way, whatever of these two paths you might need to take, here’s a look at some of the most common VIP perks you can find at new crypto casino in Australia:
Much like anywhere else you can play in, enjoying your favorite games in crypto casinos in Australia nowadays comes with certain fees and limits, which you will need to contend with. The current section of our article will handle both the fees and the limits of playing at new Australian online casinos with crypto, but first, we’d like to highlight another excellent iGaming site, which lets you play with flexible limits and no extra fees:
AllySpin: Deposit with BTC, ETH, USDT and more with no fees
AllySpin is one of the best new casinos in Australia for any type of player, but we believe it to be especially good if you are someone who wants to enjoy their favorite games with crypto deposit. That is on account of the lack of fees for cashing in via any of the various cryptocurrency tokens that the gambling house accepts. There are no deposit fees for using BTC, LTD, USDC and so on, as well as smaller tokens like Cardano.
Of course, whenever you deposit anywhere with crypto, there are certain miner fees which you need to take into account. AllySpin does not cover those, as is the case for any crypto casino you can play in nowadays. The same is true when it comes to withdrawals from the gambling house, too: There are no fees by AllySpin, but extra charges by third parties, like miner fees, need to be covered by the player.
Whether you are a high-roller or a casual casino game lover, though, you will also be very happy with how relaxed the deposit and withdrawal limits of the gambling house are. There is a very low entry cost requirement of just $20, or its equivalent in whatever cryptocurrency you wish to cash in with. That is on par with any other online casino nowadays, though some iGaming houses tend to demand upwards of $30-40 for their minimum deposit amounts.
And what’s great is that there is no maximum deposit limit to the gambling house at all! In fact, you can just cash whatever amount of money you want to play here, as far as crypto is concerned! The minimum withdrawal limit is also great, too, as it has been set to no more than $20, well in line with the minimum deposit amount and the iGaming industry in general.
Table of contents
Now, we’d like to take a look at some of the fees that you might run into when getting crypto in the first place, and then, when using it to deposit or withdraw from new Australian casinos. Here is what those fees are:
Next, let’s take a look at the limits for cashing in and out of crypto casinos in Australia. There are two types of limits: Imposed by the payment method itself, as well as those limits, which you can run into that have been set in place by the online casino.
When it comes to the first type of restriction, the limits of the payment method itself, there is no need to worry about it. Crypto is decentralized and unregulated, which means that you can send any amount of any token to anyone you want at any time. There are no limits to how little or how much you can cash in or cash out by cryptocurrencies themselves or the miners who process payments via them.
However, things are a bit different when it comes to the limits imposed by the online casinos in Australia which accept crypto. Here are the three most relevant types of limits among those:
There is nothing quite as polarizing in the Aussie iGaming community as verification! This refers to the process of the online gaming site letting you prove that you are of a legal age to gamble in the first place, as well as that you are who you claimed to be when signing up. This is done through submitting certain personal documents to the online casino and waiting.
That said, a lot of players consider verification to be a substantial overreach, and to make them vulnerable to data leaks, hackers obtaining their data and so on. That is why crypto is a preferred payment method for those players: Online casinos which accept it are able to set up in such a way as to not demand verification at all, due to the unregulated nature of the digital assets.
Within this section of our article, we will be taking a look at the nuances regarding crypto casinos and regulation. We will showcase a great option for those who are looking to play in such an online casino with the complete anonymity crypto provides, and then see when you might be asked to verify your account whenever you play with it:
Play with no verification at Vipsta: An excellent new AU crypto casino
Vipsta Casino
Excellent Players from United States accepted.
Welcome bonus
Up to 500EUR + 200 Free Spins
Vipsta is an online gambling house which was launched towards the start of 2025, making it one of the youngest online casinos in Australia, at least as of the time of writing. And yet, we would like to add that this is also one of the safest places where you can play, in terms of your personal information. Depositing it via crypto is possible without needing to send any personal documents.
To do so, we just needed to go to the Vipsta website of Vipsta and open our account. While we did need to list out our name and address, we did not need to verify any of that information by sharing government-issued ID to get us started. With our account active, we could then cash in right away, via a plethora of cryptocurrencies, and then we could start playing instantly, too. There was no need for us to worry about the online casino demanding verification when we tried to withdraw either.
And, combined with the reasonable deposit and withdrawal conditions at Vipsta, which included a minimum deposit/withdrawal limit of just $20, or its equivalent in whatever cryptocurrency you want to use, as well as a reasonable maximum withdrawal amount of $750 per transaction, we can safely recommend checking the online casino out!
One of the main reasons why Aussie casino game enjoyers love crypto is the fact that playing with it is associated with very relaxed verification requirements in general. Once again, crypto is not regulated by any central bank or government body. So, as far as the payment method and the crypto miners who process your transactions are concerned, there is no limit to how much you can send to anyone.
That said, online casinos in Australia are licensed, as we said. This means that they are subject to Know your Customer (KYC) regulation, which requires them to verify their players’ accounts in certain cases. Verifying your account in that sense means that you just need to prove to the crypto casino that you are of a legal age to gamble online.
It’s also important to know that there are certain online casinos out there, which are known for not asking their players to verify their accounts. These no verification casinos mostly use crypto for their transactions, which is perfect for those desiring a higher level of anonymity! That said, these online casinos might not be licensed, and so, it might be a good idea to avoid depositing them via crypto.
Also, regardless of how strictly the online casino in question believes in players being able to enjoy their games without verification, we have yet to see an online gambling house that does not have a clause in its Terms and Conditions which empowers it to ask you to verify your account in certain cases. That is done in order to prevent players from cheating, by claiming certain bonuses multiple times from multiple accounts.
So, in conclusion, while there are certain ways to ensure you will generally not have to deal with verification, there are no guarantees you will not be asked to show your ID to an online casino, even when you are playing with crypto. Still, there are certain ways to minimize the odds of that being required, by following the tips we’ve provided to you below:
Here are the top five tips on how you can avoid verification in Aussie crypto casinos nowadays:
As we said before, there are certain online casinos which specialize in letting you enjoy your favorite games without needing to ever verify your account. We have a thorough article and guide on the best no verification online casinos in Australia, if you are interested in that, with all of the online casinos featured there letting you cash in with crypto, too.
If you are playing in an online casino with crypto and FIAT deposits, stick to only using cryptocurrencies to top up your account! The decentralized nate of the payment method makes it much easier for online casinos to get away with not verifying their players’ accounts, compared to things like credit cards and bank transfers. So, in order to avoid those, you should only use crypto, even if other payment methods are also available.
Most online casinos nowadays consider their players using a VPN to change their location to be a form of advantage play. That is because you can easily avoid regional restrictions and access bonuses that are not meant for Aussie players with a VPN. Also, some players have been known to use a VPN to open multiple accounts with an online casino, which is usually grounds for an immediate ban. That is why you need to avoid using a VPN unless the online casino allows that explicitly.
Advantage play refers to player behavior that an online casino considers to be cheating. Engaging in advantage play is sometimes grounds for your winnings being confiscated, your bonuses removed or your account closed. What each casino considers to be advantage play is different, and some might allow certain gambling strategies, for instance, which other casinos ban. In order to ensure you are not in breach of any of these rules, it’s important to be aware of them, by checking with the Terms and Conditions before depositing with crypto there.
If you have managed to score a major win from your favorite games, it makes sense to cash out in several different installments. Even online casinos with no license are often going to ask you to verify your account whenever you cash out large sums of money, in compliance with AML obligations!
Now, we’d like to summarize the advantages and downsides of playing at new crypto casinos in Australia within the following table:
At NewCasinos, we believe in promoting responsible gambling whenever possible! That’s why we have compiled a couple of our experts’ most important tips and tricks on how you can gamble safer. However, your iGaming habits are just one piece of the puzzle: Here’s a recently-launched online gambling house with an excellent set of features for those looking to cash in via crypto and play safe:
Pistolo: A new crypto casino in Australia with great responsible gaming tools
Pistolo is a crypto gambling house and sportsbook, which opened its virtual doors in Australia as recently as the middle of 2025. That makes it one of the most recent casinos in the country to accept crypto, but it’s clear that the team behind Pistolo has years of experience providing gambling services in a responsible and safe manner. Here is why we believe that to be the case:
First off, the gambling house allowed us to set up a custom deposit limit quite easily, from our personal account area. The limit was applied each week, and we could not change it easily once it was set up, which is an excellent way to ensure it will be followed strictly by the player. There was also the ability to set up a time-out for our account.
Generally speaking, the license issuer that oversees this reliable online casino, the Anjouan Gaming Authority, does not have the strictest responsible gambling requirements, which is why such time-outs are not required to be offered to players in Anjouan-licensed online casinos nowadays. So, the fact that Pistolo did offer access to them meant it was very much concerned with our ability to play our favorite games safely.
Finally, we had even more drastic measures of controlling our gambling available, via the account closure process. If we had decided that we needed to, we could always contact the Support of Pistolo and close down our account! So, if you are looking to gamble responsibly with your favorite cryptocurrency, then, definitely consider this online casino!
Here are some tips and tricks from our experts on what actions you can take in order to make sure you are gambling as safely as possible:
Finally, there are some responsible gambling features which you can generally find in most new online casinos that accept crypto. Remarkably, even though only licensed casinos are expected to have them, these features are generally available in all new crypto casinos in Australia, underscoring the understanding of their importance by nowadays’ crypto casino operators! Here is what they usually are:
We believe that playing in crypto casinos in Australia is a safe and fun way to pass the time, and a great overall experience. In no small part, that is due to the significant collection of cutting-edge online casinos with cryptocurrency payments that you can find nowadays. We hope that we managed to introduce you to your next premier iGaming destination, too, with our choice of new crypto casinos in Australia.
But if we did not manage to impress you with our pics, or if you feel like you would like to explore other options, too, feel free to take a look at the rest of our reviews and guides, too, in order to learn more about the dynamic and thrilling iGaming landscape of Australia! And, wherever you end up playing, do remember to play responsibly.
Yes, it is perfectly safe to play in the vast majority of new online gaming sites in Australia. That is because most new crypto casinos in the country are fully licensed, by various regulatory bodies.
The majority of new online casinos in Australia tend to accept tokens like BTC, ETH, LTC, but also even more obscure tokens, such as DOGE, ADA and so on.
Crypto miner fees are small charges, which are collected by the people who process your transactions on the blockchain, the so-called crypto miners. These fees are unpredictable in terms of size, but usually do not go over 3-5% of your transaction.
The best cryptocurrency to deposit to new crypto casinos in Australia in our view is Tether (USDT). It has a stable value, pegged to the US Dollar. It also tends to feature faster processing speeds for transactions than other options, such as BTC, and lower miner fees.
The processing time for crypto transactions is usually instant, but you typically need to wait for the casino to approve your withdrawal before that. Some online gambling houses demand that you wait up to 3 days to approve your cash-out, though that’s usually the exception rather than the rule.
