Fanobet Withdrawal

Fanobet Casino Withdrawal/Verification

Deposits and Withdrawals

The payment side of Fanobet raises some concerns for sure which are not pleasant. At the bottom of the website, familiar services such as Visa, Mastercard, Skrill, Trustly, MuchBetter, Neteller, and Neosurf are displayed, which show a wide coverage of payment methods. However, during registration only cryptocurrencies appeared as available for both deposits and withdrawals. This inconsistency feels unusual, and it may depend on the region of access, but the contrast between what is shown and what is actually usable can cause confusion.

For deposits in fiat currency, the minimum is €20 or its equivalent. Limits are set fairly high, with up to 10 transactions allowed per day on a single card and a maximum of 40 per month. The daily deposit cap stands at €10,000, while the monthly ceiling is €15,000, which should be sufficient for most budgets.

The minimum withdrawal in fiat is €40, but it is important to note that withdrawals are locked to the method of deposit. If funds were deposited in cryptocurrency, cashing out in fiat is not possible, and the same rule applies in reverse.

The withdrawal limits are also defined. A maximum of €2500 (or equivalent) can be withdrawn per day, with a cap of €15000 per month. Higher amounts may be negotiated, especially at advanced VIP levels, but the standard rules apply unless otherwise agreed. .

Processing times are variable, but a withdrawal request should be either approved or denied up to 2 days. Until it is finalized, the option exists to roll back the request, which immediately returns the funds to the account balance.

Finally, taxes and fees tied to winnings remain the responsibility of the account holder according to local laws. In jurisdictions where reporting of winnings and losses is legally required, it falls on the individual to handle declarations with the appropriate authorities. Fanobet does not take on this obligation, which is standard practice but worth keeping in mind.

Verification

Verification at Fanobet is treated as a core requirement rather than a formality. The process is closely tied to anti-money laundering obligations and Know Your Customer (KYC) policies, which means that anyone engaging with the platform will need to provide identification at some stage. The rules are not only about checking identity, but also about confirming the legitimacy of funds and evaluating overall risk.

Identity confirmation requires the following documents:

• A copy of a passport
• A copy of an ID card
• A copy of a driving licence
• A second photo showing the account holder’s face (may be requested)

For privacy, any fields may be blurred except the date of birth, nationality, gender, first name, second name, place of birth, and the photo itself, which must remain visible. Each document must show all four corners in a single image and be clearly legible. Fanobet may request full, unredacted details if needed and can perform additional checks based on the situation.

Proof of address is also part of the verification process. This is usually done through electronic checks across 2 databases. If these checks fail, manual verification becomes necessary, which requires submission of a document such as:

• A recent utility bill (electricity, water, etc.)
• A bank statement
• An official government document proving residence

All documents must be dated within the last six months, with four corners visible and text fully legible. Submissions that do not meet these requirements can slow down approval, so clarity is essential.

Source of funds checks are triggered once deposits exceed €5000, whether in a single payment or across multiple transactions. In such cases, Fanobet requires evidence that the funds come from legitimate channels. Examples of acceptable proof include:

• Ownership of a business
• Employment income
• Inheritance
• Investments
• Family support

If the origin of wealth cannot be confirmed, extra documents may be requested. Until the verification is complete, the account is frozen, and a manual email is sent with further instructions. Bank wire or credit card details may also be requested, not only to validate identity but to provide more context on financial background. Documents are initially processed by an automated system, but staff can carry out further checks when needed.

Risk management is embedded into the process as well. Countries are grouped into three levels of risk, and the level of scrutiny depends on this categorization. KYC measures are mandatory when transactions reach €2000 or more, whether in one payment or across occasional transfers. They are also enforced whenever there is suspicion of money laundering or terrorist financing, or when previously collected identification data appears inadequate.

To determine how risky a profile might be, Fanobet considers multiple factors such as:

• Customer risk
• Geographical risk
• Product, service, and transaction risk
• Distribution channel risk