31Bets Withdrawal

31Bets Verification and Withdrawal

The payment conditions at 31Bets are straightforward, with a wide range of traditional and digital methods, low minimum deposits, and high withdrawal limits. The only notable drawback is the relatively high minimum withdrawal requirement, which can be inconvenient for players with smaller balances or those wanting to cash out occasional winnings.

Account verification is a required step before you can make a withdrawal from 31Bets. You can complete the identity check right after registration, using the automated system, and it’s advisable to do so early to avoid delays later on. Like most legitimate platforms, 31Bets follows full Customer Due Diligence (CDD) protocols, meaning you’ll need to provide documents for proof of address after your identity check that you can do as soon as you sign up. In some cases, you may also be asked to verify your payment method.

31Bets Payment Conditions – Methods, Deposits, Withdrawals

When it comes to payment methods, 31Bets offers a wide range of choices to suit different preferences. You can use traditional options like Visa, MasterCard, and bank transfers, or go for e-wallets such as Skrill, Neteller, PaysafeCard, Rapid, MiFinity, and Volt. If you prefer transacting with cryptocurrency, there’s solid support for major coins including Bitcoin, Ethereum, Tether, USD Coin, Ripple, Dogecoin, Binance Coin, Dash, and Litecoin. Note that availability depends on location – players from some countries may have fewer options at their disposal.

The minimum deposit is set at €10, or the equivalent in a variety of supported currencies like EUR, CAD, NZD, CZK, ZAR, BGN, HRK, RON, AUD, and the cryptocurrencies already mentioned. This low entry point makes it accessible for casual players and those just testing the platform. You won’t need to commit much to get started, and the range of currencies supported helps avoid conversion fees or complications for international users.

Withdrawal limits are mostly reasonable, although the minimum withdrawal of €50 is slightly above the standard seen on other platforms. It’s not excessive, but it may be inconvenient if you’re looking to cash out smaller amounts. Considering maximum limits, the weekly cap is €7,500, and the monthly cap of €15,000. These limits are likely to be sufficient for most players, although high rollers may find them slightly restrictive over time.

As for fees and processing times, 31Bets performs well. You won’t be charged any withdrawal fees, which is a definite plus, but nothing unexpected since this is actually the case in nearly all sports betting platforms nowadays. Crypto transactions are typically processed within a few hours, making them the fastest option if speed matters to you. Bank transfers, on the other hand, can take up to three business days to complete.

Verification at 31Bets

31Bets follows a strict Know Your Customer (KYC) policy to comply with anti-money laundering laws and prevent financial crime. Upon registration or at any point deemed necessary, users may be asked to provide identification documents, including a valid passport or ID card, proof of address (like a utility bill or bank statement not older than six months), and in some cases, a photo of the user holding their ID. As mentioned, once you register, you can start personal identity verification from the Dashboard.

The level of scrutiny depends on the risk profile of the user and transaction size, using a three-tiered approach: Simplified Due Diligence (SDD) for low-risk accounts, Customer Due Diligence (CDD) for standard verification, and Enhanced Due Diligence (EDD) for high-risk or large transactions. Users typically have 30 days to submit the requested documents. Failing to comply may result in account restrictions or suspension.

Once documents are submitted, users receive a “Temporarily Approved” status, allowing them to access most site features, though withdrawals remain restricted. The KYC team then reviews the documentation within 24 hours and responds via email with either approval, a request for more information, or a rejection. Any issues – such as mismatched names, illegible scans, or unacceptable document types – can lead to rejection. If the KYC process fails, no further deposits or withdrawals can be made. Even after successful KYC verification, every withdrawal request undergoes additional checks to confirm that the funds were earned through legitimate platform activity. Account-to-account transfers are not permitted under any circumstances.