1Red sports betting

1Red Withdrawal

4.0/5

David Kane, Author at Bettingsite.cc

Written by:

David Kane

Last Updated: Nov 13, 2024

Sports betting offer

100% up to EUR 450

1Red is Restricted

I had no big frustrations or issues while going through the verification, and all of my withdrawals went smoothly. Whether it was beginner’s luck or not, I can’t be too sure.

1Red Verification/Withdrawal

1Red verificationThe identity verification and the withdrawal process are inseparable if you wish to get your profits from wagering in the end. There is a lengthy and at times convoluted process that you must complete before you can proceed, including proving your identity to the casino and waiting for their authorization. To maximize your possible rewards, you should familiarize yourself with the withdrawal process, including the necessary steps, fees, and criteria. Stay tuned for the upcoming info we've gathered to become an expert on the topic and secure your payouts at 1Red.

Payment Methods, Deposits, and Withdrawals at 1Red

At 1Red, for deposits, the minimum is €20, which is perfectly inclusive for players with any type of budget. The currencies here include EUR, USD, CAD, AUD, NZD, and ZAR, plus cryptocurrencies like BTC, BCH, DOGE, ETH, LTC, USDT, XRP, TRX, ADA, and BNB. As you can guess, crypto payments are possible here.

Withdrawals start at €30, which is still within the industry standard. They go up to €5,000 per day. The weekly and monthly limits reach €10,000 and €30,000, in the same order. Also, any withdrawal requires a minimum playthrough of 3x your deposit, which we consider a bit too high compared to the standard of 1x.

The available payment methods are many, especially the fiat options — Visa, Mastercard, Skrill, Neteller, Bank transfer, Ecopayz, Sofort, iDebit, Instadebit, JCB, Astropay, Interac, Flexepin, Neosurf, Jeton, and eZeeWallet. For crypto, you can deposit and withdraw with Tether, Bitcoin, Tron, Litecoin, Ethereum, Dogecoin, Ripple, and Solana.

1Red withdrawal

Withdrawals are usually completed within 48 hours, but the exact length of the process will depend on your payment method. Also, extra time might be necessary for identity verification one of those times. If you have big wins over €30,000, payouts will be in monthly installments until you get the entire amount.

There are fees for incorrect wallet entries or bank transfer charges from any payment service, which are mostly around €16. Crypto transactions here don’t have preset limits, which is possibly the best part.

1Red Verification

As soon as you make more than €2000 in lifetime deposits or just ask for a withdrawal, it will be time to go through 1Red's KYC verification process. This includes uploading three items: a photo ID, a selfie holding that ID, and a recent bank statement or utility bill.

The ID needs to be government-issued, and if it’s double-sided, you’ll need to upload both of the sides. The selfie with your ID is just to match the ID to you, and the statement or utility bill will confirm your address, but it has to be from the last 3 months.

After you send in the documents, you’ll be on “Temporarily Approved” status, so you can continue using the site while being checked. Still, there will be a few restrictions: you won’t be able to withdraw and will only be able to deposit up to €500 until the KYC team is done with their review. Usually, in no more than 24 hours, you should get an email confirming whether your verification was successful or if they need more details.

If you're approved, your account will be fully released, but there will still be a €2000 deposit limit per transaction. All withdrawals will also go through a final verification, to make sure the money is from legitimate activities.

How to Verify Your Account at 1Red

1

Wait for the site to contact you

After a withdrawal request or after accumulating EUR 2,000, the site’s KYC team will get in touch with you to kick off the process.

2

Check what documents are needed

See if the team asks you for anything other than the officially requested papers, and make sure to have all of the paperwork at hand.

3

Upload all documents

Send in the requested documents according to the site’s instructions.

4

Wait for processing

Within 24 hours, the site will notify you via email whether your profile has been approved.

Frequently Asked Questions

The minimum withdrawal at 1Red is set at EUR 20.

The minimum withdrawal here is EUR 30.

The withdrawal processing time is stated to be up to 48 hours, depending on your selected payment method.

All crypto transaction methods tend to be the fastest.

There are possible fees by the payment services, but none directly from 1Red.

David Kane, Author at Bettingsite.cc

Bookmakers reviewer

David Kane

Expert opinion

5

David Kane is an expert content editor at BettingSite.cc, known for his detailed reviews of the newest bookmakers. His in-depth analyses and clear advice benefit both new and seasoned bettors, enhancing their betting experiences with reliable information.