Bets.io Withdrawal

Bets.io Withdrawal/Verification

Verification and withdrawals are two sides of the same coin — you can’t make a withdrawal without getting your account verified, and you won’t need to verify your account if you don’t want to make a withdrawal in the first place.

Verification procedures, all in all, are necessary to confirm the identity of users, and they are also supposedly used for preventing fraud, underage gambling, and money laundering. By verifying your identity, the site wants to make sure that you are legally allowed to gamble and withdraw funds. It’s nothing complicated if the casino is legitimate, but if it isn’t they can sometimes abuse the procedure using it as a stalling practice.

Withdrawals, on the other hand, allow you to access your winnings and fall off the funds from your gaming account. They are pretty much the culmination of your gaming — after all, you come for the winnings just like anyone else, right? Of course, as we mentioned in the previous paragraph, withdrawals cannot happen without first going through a verification. The platform wants to confirm your identity to process the transaction securely and weed out any iffy activity.

The intersection between these two procedures makes it so that only legitimate players can withdraw funds, which in turn is supposed to maintain the integrity of the site and help instill trust among its customers. Now, whether that’s really the case is an entirely different question, but procedures are there for a reason.

A little bit more on withdrawals – first, depositing funds into your gaming account here is a flexible process, and it has an accommodating, low threshold of 0.2 mBTC or, of course, its currency equivalent. You have to also keep in mind that if you make a mistake and deposit less than the minimum, the casino will void it, but you will still lose your money, so be careful.

Withdrawals, everyone's favorite part of betting online, mirror deposits in terms of flexibility, but before being allowed to get your funds, you'll need to go through a verification process. For the full ins and outs of verifying your account, you can check out the section after this one.

According to the site, withdrawal requests are typically processed within 30 minutes, unless additional verification is required. The timing of you receiving your winnings outside the casino depends on banks and payment systems.

The minimum withdrawal amount is also 0.2 mBTC, just like the minimum deposit. The maximum withdrawal threshold is 1 BTC or its currency equivalent, which, as we all know, is an extreme amount of money.

The casino gives a warning that if your betting activity since the last deposit is insufficient according to them, they may charge transaction processing costs for your withdrawals. Additionally, large winnings exceeding USDT 100,000 will likely be divided into monthly installments. The only winnings 100% paid in full are the progressive jackpot wins.

Payment Methods Available at Bets.io

At Bets.io, there are only a couple of payment methods available, all of which are cryptocurrencies. Yes, this site is processing transactions exclusively in crypto, and while digital currency enthusiasts might rejoice in the fact, this can definitely deter those who prefer more traditional banking options. We believe that a combination of crypto and fiat is optimal, but let's see what's offered here.

Here, you will encounter traditional cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), and Litecoin (LTC), along with stablecoins like Tether (USDT). These are all of your options, so choose wisely, To help you do so, we'll tell you a bit about each currency.

Bitcoin (BTC), as you for sure know, is at the very top of the most popular cryptocurrencies globally. It is mostly known for its security, decentralization, and the fact that it's accepted pretty much everywhere compared to most other cryptos. After all, being the first in something definitely pays out for Bitcoin.

Next up, Bitcoin Cash (BCH) can be called the result of an attempt to better Bitcoin in 2017 by addressing scalability issues and enabling faster transactions. It has a larger block size and lower transaction fees compared to Bitcoin, so it can be perfect for crypto enthusiasts who are seeking more efficient peer-to-peer electronic cash transactions.

Dogecoin (DOGE) is a meme-inspired cryptocurrency that most people still think of as a joke, but it really gained traction and became much more than that. Now, people use it for tipping and microtransactions because of its low fees as well as its fast confirmation times.

Ethereum (ETH) has a smart contract functionality and is the foundation for decentralized applications (DApps) and decentralized finance (DeFi) platforms. Its native cryptocurrency, Ether, powers transactions on the Ethereum network. As stable as it gets, right? We like using this one and find it highly trustworthy.

Litecoin (LTC), from what we've heard, is referred to as the “silver to Bitcoin's gold”. The confirmation times of transactions with it are great, and the fees are lower compared to Bitcoin.

Last but not least, Tether (USDT), is a stablecoin tied to the value of the US dollar — if you want some stability, this might be your best bet. Trading with it is easy, and it serves as a hedge against market fluctuations, according to our research.

No matter which of the available payment options you choose, it will be crypto, so, hopefully, you'll be comfortable with the fact. We are betting on your decision being much easier after getting acquainted with the cryptocurrencies in this paragraph.

Bets.io Verification

Verification processes are standard practices in online betting sites and, want it or not, you need to pass them to be able to withdraw your winnings. These procedures most often consist of verifying your identity by providing some requested documents. These usually include your ID, passport, or driver's license, along with proof of address and proof of payment. Such a process shouldn't be too cumbersome, but it highly depends on the site's individual policies. Let's take a look at the situation in Bets.io.

While the site has its charming points, like the fact that it offers many gaming opportunities and payment options, the details regarding its verification process are pretty much nonexistent. Neither the terms and conditions page nor the FAQ section provides much information about the verification procedure at Bets.io, which is quite perplexing. All that the site states is that it does have a verification process and that withdrawals are impossible without it. However, no further guidance is provided.

If we were to look at the glass half full, we could note that verification processes are common in the industry and it's safe to assume what this site's process entails. However, it's much better to have transparency regarding the specific steps involved, the documents required, and the estimated timeframe for completion, none of which are present at Bets.io.

Still, if you insist on playing here, it would be best to reach out to customer service for the most up-to-date information regarding verification and make sure you won't experience any unpleasant surprises.