0xBet Withdrawal
0xBet Withdrawal/Verification
We’ve certainly gone over quite a lot of important details about 0xBet – but would you believe us that there’s still lots we haven’t told you about it? Chief among those things are its payment methods and verification procedure, two aspects that are essential not just for 0xBet, but pretty much any online bookie! It’s pretty pointless to place any deposits at a bookie that will give you a hard time withdrawing because of some technicalities, right? Well, no worries, that’s why were here: to examine these oft neglected aspects in detail and give you all the information you might need!
Payment Methods Available at 0xBet
As we have made it very clear in our review, 0xBet is a crypto bookmaker – which means that you won’t be able to use anything other than crypto coins to deposit or withdraw. Okay, that’s not quite true, since technically speaking, 0xBet will let you buy crypto via your credit card – but this is NOT a crypto deposit! You will use a separate service (within the 0xBet interface) to purchase crypto, at a premium, and then those coins will be deposited for you at the bookmaker so you can use them to wager. It’s not the greatest system, and it also means that you won’t be able to withdraw with your card.
As such, if you have to play at 0xBet, we recommend using crypto to deposit right off the bat. To its credit, the site does support a pretty wide variety of them – you can use about a dozen different currencies, many of which well recognized (Bitcoin, Ethereum, Tether, etc). And while the rest of them aren’t anything crazy, they’re still much smaller names (like Tron, Binance, and ADA) which were most likely included solely to appeal to the most harcore crypto enthusiasts. No matter where you stand on the crypto debate, it’s undeniable that the diversity of coins here is pretty decent.
0xBet Verification
Online bookmakers take their safety, as well as that of their players, extremely seriously – especially considering how frequently these types of sites tend to be targeted by illegal money laundering regulations. It has gotten to the point where various financial institutions have established an entire procedure called “Know Your Customer” that seeks to help casinos (and other sites that dispense money to users) identify who they’re paying and ensure they’re not part of a criminal network.
These systems are inherently tied to various payment methods commonly used for deposits at online gambling sites, which means that if you use them, you need to abide by the regulations. 0xBet doesn’t use them, though – it uses crypto, which is the Wild West of payment options. As such, it doesn’t technically need to perform any KYC procedures, so it simply… doesn’t. That’s right, no verification! While in the short term this might sound like a pretty excellent idea to some of you, the reality is that it really isn’t a good idea, as it can potentially expose 0xBet to becoming a target to organized crime, since it’d be so easy to launder money. Either that, or 0xBet’s owners know for a fact that nobody can launder through it because they have no intention to pay out winnings through it. So, pick your poison.
Frequently Asked Questions
The minimum deposit will vary between the different coins, but should hover at around €28.This is considerably higher compared to what most other crypto sites will require.
While the minimum withdrawal is also dependent on the coin you’re using, it should also hover at around twice the minimum deposit, or €56.
0xBet promises very quick payouts, but unfortunately, it has not provided a timeframe of how quick precisely they’d be. We were also not able to find any information about this during our own research.
As crypto is the only payment method you can withdraw with at 0xBet, that’ll be the one you’re stuck with regardless of your preference. Luckily, crypto withdrawals should be pretty quick.
As far as we can tell, 0xBet doesn’t charge any fees for withdrawal. However, once your crypto is in your e-wallet, you might need to pay a fee to sell it and ‘convert’ it into fiat currency – though that would be the case at every online bookie.