Bankonbet sports betting

Bankonbet Withdrawal

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David Kane, Author at Bettingsite.cc

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David Kane

Last Updated: Mar 22, 2024

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Bankonbet Verification & Withdrawals

Bankonbet verificationAlthough 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”.

How to request a withdrawal at Bankonbet:

1

Complete the rule regarding deposit wagering.

In order to request a withdrawal, you must first meet all requirements, including the platform's wagering rule of 1x and any other rules that may be applicable to your specific situation.

2

Pick a method of payment.

To initiate a withdrawal, log in and locate the balance symbol (upper right corner). From there, navigate to the cashier page and pick the “Withdrawal” option. You can find the betting site's withdrawal choices there.

3

Send in the request to withdraw.

Once you've found the withdrawal area, choose a payment method from the drop-down menu and enter the amount you wish to withdraw. The time it takes for the site to approve your request and send you the money is dependent on the banking option you choose.

4

Be patient.

Before the betting site can transfer you any money, you need to verify your account. After that, depending on the chosen method of payment, you may have to wait a few days before you can access your cash, even after your account has been approved and your withdrawal request has been processed.

Frequently Asked Questions

To access the withdrawal part of the sports betting site, locate the balance symbol in the top-right corner and click on it. After you've chosen a payment option, entering the amount you want to withdraw is the next step.

Many different fiat and cryptocurrency choices are available for deposits and withdrawals, including major credit cards like Visa and MasterCard, as well as cryptocurrency wallets like Bitcoin, Ethereum, Dogecoin, and many more. Additional fiat options include Paysafecard, Neteller, and Skrill.

In order to process your withdrawal request, the finance department at Bankonbet will need you to provide certain documents to verify your identity. They will provide you with a plethora of information about the whole process through email once you try to submit that request.

Just like any other sports betting site, Bankonbet requires basic personal data from players who wish to play. A bank statement, identification, and evidence of residence are the exact files required.

Despite Bankonbet's assurance that they would review and validate your account in a few days, the terms and conditions section does not provide a specific amount of time that their team will need.

Bankonbet Compared to Other Bookmakers

Bookmaker

Rating

Bonus

Min Deposit

Min Withdrawal

Payment methods

Licenses

Visit

Bankonbet sports betting

Bankonbet

4.9/5

100% up to €100

€10

€10

Bitcoin BitcoinCash CashtoCode DogeCoin Ethereum eZeeWallet Giropay Jeton LiteCoin Mastercard MiFinity MuchBetter Neosurf Neteller Payz / EcoPayz Ripple Tether Visa

Curacao

Restricted

5.0/5

1500 € + 300 Free Spins

€10

€50

Bank Transfer Bitcoin DogeCoin Ethereum LiteCoin Mastercard Neosurf Neteller Skrill Tron Visa

N/A

5.0/5

100% up to €100

€10

€10

AstroPay Bitcoin DogeCoin Ethereum Giropay Interac Klarna LiteCoin Mastercard MuchBetter Neosurf Neteller Paysafecard Rapid Skrill Tether Tron Visa

Curacao

4.8/5

100% Match up to €100

€15

€50

Bank Transfer Bitcoin BitcoinCash CashtoCode DogeCoin Flexepin Interac Jeton LiteCoin Maestro Mastercard MiFinity MuchBetter Neosurf Neteller Paysafecard Ripple Skrill Tether Visa

None listed

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.