JoeBit Withdrawal
JoeBit Withdrawal/Verification
Now that we’ve talked about all of the games and bonuses available here at JoeBit, it’s time to pop open the hood and take a look at the things that wouldn’t be immediately obvious to a new player! These will include not only the payment methods that you can use to deposit (and subsequently withdraw), but also the details of the verification procedure you’ll need to go through when you make your first cashout!
Payment Methods Available at JoeBit
For better or worse, JoeBit is a crypto site – which means that you can only make deposits and withdrawals with crypto. Although in the process of our research we found some users mention credit card deposits (a sentiment echoed in the terms and conditions of JoeBit), we were not able to find any currently valid method to deposit using anything other than various coins. As such, if JoeBit ever had that functionality, it’s no longer present.
With that said, what cryptos are actually available? To JoeBit’s credit, the selection is pretty decent: there’s the usual suspects (Bitcoin, Litecoin, Dogecoin, Tether, etc), alongside a few less popular options (Ripple, Neo, Binance, etc). The site even supports a crypto known as “Casino Coin”, which seems to have been created specifically for gambling – and although most players are unlikely to use it, overall, it’s a fun novelty. Even without it, players won’t exactly be starved for choice here at JoeBit, even if for many, the fact that it only accepts crypto is a non-starter.
JoeBit Verification
JoeBit is a crypto site – which means that, technically speaking, it shouldn’t require players to get verified. Don’t get us wrong: we think it’s a good thing that it verifies you anyway (it helps keep the casino and its players safe), but practically, casinos only do it because they’re forced to by payment providers. They’re doing it to comply with the regulations of companies like Neteller or Visa. JoeBit doesn’t work with those – so, why verify players at all? Surely it isn’t because JoeBit is ACTUALLY concerned with player safety.
Well, one look at the verification procedure gives us an answer. The site requires far more documents than would be necessary, including a credit card. Why would you need to show your credit card (and the details on it) to a casino that doesn’t accept credit cards? Under normal circumstances, it’s done to prove you own the credit card you used to deposit (and it wasn’t stolen), so what’s the purpose of it here? Well, it’s simple: to make the withdrawal request as hard and annoying as possible. Since you need to verify yourself to withdraw, if you can’t verify, you can’t withdraw. Brilliant.
How to Verify Your Account at JoeBit
Request a Withdrawal
JoeBit doesn’t seem to have a system where you can initiate the verification procedure on your own, so you’ll have to force it by requesting a withdrawal. That request will be denied, and verification will begin.
Obtain Documents
You’ll receive an email with a long list of documents you’ll have to procure in order to verify your identity at JoeBit. Find them all.
Take Photos
Grab your phone and start taking photos of the documents, front and back. Ensure that the text can be easily read from just the photos.
Send Documents
– Follow the instructions in the email you got in order to send the documents back to JoeBit. Most likely, you’ll receive a link to a page where you can upload them, or you’ll need to send them back as attachments.
Frequently Asked Questions
The minimum deposit you’ll have to make at JoeBit is €20.
The minimum withdrawal is twice the minimum deposit – €40.
JoeBit openly advertises itself as “The Safest Casino with the Fastest Payouts”, but neither of those statements are true. In our experience, it takes about as long to withdraw from JoeBit as from any other site, around 3 days or so.
Although JoeBit only works with crypto currencies, some will naturally be faster than others. For example, if you use Bitcoin or Doge, your withdrawal might take a few hours longer than if you use Ripple or Litecoin. You won’t be waiting too long in any case, though.
It’s unlikely that you’ll face any fees when it comes to withdrawals, as crypto is decentralized, meaning that it costs nothing to send coins from one wallet to another (there isn’t a company in the middle taking a cut for profit). However, if you wish to sell your crypto in order to receive your native currency (for example, euro), that might incur some lofty fees with the service you’re using for the sale.