Bankonbet Withdrawal

Bankonbet Verification & Withdrawals

Although betting platforms truly value their visitors’ enjoyment, it is also important to approach things with seriousness at times. After all, money is being staked, even if you are only coming for pleasure and thrill. In this section, we want to review and elaborate on some details of the linked withdrawal and verification procedures, which are crucial for how things will play out for you down the line with the betting site.

Making a deposit is a breeze with the majority of today's online sportsbooks. Contrarily, withdrawals are not as easy. Part of the procedure for requesting a withdrawal is having your account verified, and we'll cover all the specifics below. This is, if nothing else, knowledge that will last a lifetime as it is applicable to the broad spectrum of online betting sites.

The vast majority of sportsbooks, including this one, require a standard suite of documents to verify your identity and proof of funding. At the top of any sports betting platform's priority list should be ensuring that their site is free from any suspicious activities and users. Because this procedure ensures security, not only will you be fully protected, but the platform will also guarantee its own safety.

On the other hand, in this specific case, the verification process begins once you've tried to make your first cash-out request with Bankonbet, satisfied the wagering conditions that will be covered soon, and your account balance is sufficient. The very infrequent occurrences of the site requesting your data earlier are not something you should be worried about, thus we will not be discussing them here.

Withdrawal & Payment Options

Since you must first request a withdrawal before you can verify your account, it is key to familiarize yourself with the betting site's policies before proceeding. It is important to note that the minimum amount that may be asked for withdrawal varies per payment option. Regardless, you can make a withdrawal using a variety of options on this site for as little as €10, which is a pretty acceptable amount.

You need to make sure the money you’ve deposited has been turned over enough times once you are ready to submit your withdrawal request. This is what we call the wagering requirement and it is a prime, if not the most important, detail. This may seem like a tedious and unimportant rule, but it is actually key for your withdrawal request to be approved.

So basically, you must first fulfill the wagering requirement for each deposit before you can make any withdrawals. The wagering requirement, however, will be bigger if you’ve decided to obtain a sports betting bonus or another incentive. Here, we'll focus just on the wagering requirement that is associated with your deposit and disregard any bonus-related wagering requirements.

This type of deposit is called a regular deposit. Hence, for typical deposits, you need to play through your whole deposit amount only once – the 1x wagering requirement rule – before the platform will even allow you to complete a withdrawal request. Withdrawals that do not meet this requirement will be subject to a 10% flat charge, with a minimum of €0.50, imposed by the betting site.

You can use a variety of payment options on the site, but which ones are available to you depends on where you are currently situated. Many popular methods are available, including major credit and debit cards like MasterCard and VISA, e-wallets like Skrill and Interac, money transfer services like MiFinity and Klarna, and cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more.

When you've finished doing that, you'll be ready to submit your first withdrawal request. Simply navigate to the cashier sector of the site and click on the withdrawal tab to initiate the process. On that screen, you can choose your preferred cryptocurrency or fiat payment option, enter the amount you want to withdraw, and then submit the request.

Verification Procedure

The process of verification will begin the moment you submit your first-ever withdrawal, at least for most users. There is a wide variety in the verification policies of betting platforms. Some will ask for your personal information and supporting documents at any point, even if you've just created your account. On the other hand, some will only ask for them when you specifically request a withdrawal.

You will not be informed of the necessary documents to be sent until you have an email regarding the procedure from this betting site. In this case, the casino will most likely do so when you request your first withdrawal. However, you might get yourself ready ahead of time by reading the T&Cs. It says that in most circumstances, the site would ask for a few papers to confirm your identity, so you can get those ready.

The steps used by this strategy are standard fare for any online betting site, so you have nothing to worry about. However, if you get this paperwork ready ahead of time, you'll save a lot of time. Ensure that you have all of the necessary documents on hand and send them, including a current and legible photocopy of your real ID, a paid utility bill as evidence of address, and, of course, a bank statement.

Another comparable document, such a driver's license or a passport, can be used in the place of an ID for identity verification. Whatever it is, a clean scan is required. You may also use your phone to snap a high-quality image, but make sure your name and other details are clearly visible and no information is obstructed.

The same procedure must be followed in the opposite instance with the utility bill. First and foremost, this document must prominently display your name and present residence. A jurisdictional stamp is oftentimes also required by the betting site on these documents.

Your bank statement must have the deposit amount you’ve transferred to the casino, your name, a stamp from the bank, and any deposits you have made to the platform, regardless of when you made them.

You will, lastly, need to show some patience after you have submitted all of these materials. The documents you submitted will be reviewed by the Bankonbet dedicated department in accordance with the terms and conditions; however, no specific time frame is given aside from “within a few days”.