BetWarts Withdrawal

Betwarts Withdrawal

Betwarts Verification/Withdrawal

One of the most important aspects of betting sites are their payment policies. They govern how fast you will be able to cash out of the betting site, because that depends mostly on the verification process and the withdrawal rules of the bookie. Within this section of our review, we will be examining just that, so, if you are interested in playing within Betwarts, read on. That way, you will know what depositing and then withdrawing will look like, eliminating any possible surprises later down the line!

Payment Methods, Deposits, and Withdrawals at Betwarts

First off, we were pleased with the range of payment methods that punters could use to make their deposits within the betting site. Among them were bank cards by MasterCard, but not Visa, the MiFinity e-wallet and various popular cryptocurrencies, such as BTC, ETH, LTC and so on. While other betting sites do offer a couple more e-wallet options, or deposits via prepaid cards, too, we found the means of payment that were accepted here to be more than enough!

Withdrawals are possible via even more payment methods, as you can also use Visa cards to cash out and even withdraw via bank transfers. That said, we recommend cashing out via the same method you have deposited with, because that will just be faster in most cases. Before we get to the withdrawal policies of the betting site, though, let’s examine its deposit conditions.

First off, you are able to deposit a minimum of €10 for most of the payment methods we listed above. This is twice as low as the average minimum deposit limit in most betting sites nowadays. The only exception from that low amount is actually Bitcoin deposits. It seems that, due to the volatile nature of that assed, the betting site allows you to cash in no less than €30 with it.

There are no deposit fees by Betwarts itself, but you should know that certain third party charges might pop up for your transaction. These are charges by the payment providers themselves, such as the fees collected by crypto miners for processing transactions. They are payable regardless of where you bet, with no bookie nowadays going as far as to cover them for its punters.

Before we move on to the withdrawal conditions of the betting site, we would also like to point out that the bookie has a 1x deposit wagering requirement that you need to clear prior to cashing out. This simply means having a total amount of bets equal to what you have cashed in to the bookie. Such wagering requirements are a very commonplace part of the AML policies of betting sites nowadays and do not represent any issue, in our view.

Withdrawing from Betwarts is also possible with a low minimum amount of just €10 for most payment methods, with the exception of Bitcoin, which requires you to cash out €30 or more at a time. That is great, since the average betting site nowadays allows you to make withdrawals of at least €20 these days!

However, we are not so fond of the maximum withdrawal limit of the betting site. That has been set to €500 per transaction or per day, which is just too low. Even though said limit can be extended through the VIP program of the betting site, as we explained before, it should have started off higher!

Punters can have up to 3 pending withdrawals at any time, each withdrawal takes up to 3 days to clear and there is an inexplicable waiting time of another 3 days between any two withdrawals being processed by Betwarts. This is just further proof that cashing out large sums of money from the bookie might take a while. However, the long waiting times and low maximum limits are the only notable downsides to the withdrawal conditions at Betwarts!

Betwarts Verification

Every player with Betwarts will be expected to verify their account prior to placing their first withdrawal request. The verification process is in place to ensure that you are of legal age to gamble and that you are not doing so with stolen money. Here is what documents you will be expected to provide the betting site with in order to pass a KYC check there:

• Proof of account ownership if you are cashing out via a bank transfer or bank card. You will need to prove the payment method is in your name, by showing the bookie a picture of your card or of a bank statement.
• Proof of identity, which can be a government-issued ID card, driver’s license or passport, or a similar document. This is necessary to establish you are of legal age to gamble.
• Proof of address like a recent utility bill in your name that shows your address may also be required, in order to verify your identity.

All in all, these are pretty standard verification requirements. Here is how you can comply with them faster and verify your account with Betwarts preemptively, so that you don’t need to deal with verification later down the line when you are trying to withdraw from the bookie: