Koning Bet Withdrawal

Koning Bet Withdrawal

Koning Bet Verification/Withdrawal

Before opening an account within any online gambling house, you should absolutely make sure that the house has a good set of deposit and withdrawal conditions. Also, you need to make sure that the verification policies of the betting site are on par, too, because you might waste a lot of your time otherwise.

Unfortunately, as you will see from the following thorough exploration of these conditions, cashing out from Koning Bet is not really as easy as it should be. Here’s why:

Payment Methods, Deposits, and Withdrawals at Koning Bet

First off, let’s go over the payment methods you can use to deposit and withdraw from Koning Bet. This will not take long at all, since there are only two of them. These are crypto and bank transfers, with the latter only available for withdrawals. The majority of online gambling houses nowadays tend to at least offer access to e-wallets and prepaid cards, or bank cards as a means of deposit, too.

As for actually using these payment methods within the bookie, there is a rather low minimum deposit limit here, set to €5, or its equivalent in the crypto tokens the betting site accepts. Usually, the minimum deposit limit in other betting sites nowadays is two to four times as high as that, meaning that cashing in to Koning Bet is easier than it is on average.

Before you can withdraw from the gambling house, you are expected to have covered a deposit wagering requirement of at least 1x, which is pretty standard, too, as far as AML policies nowadays go. That said, failing to clear this turnover requirement will mean you will be charged a certain penalty fee, unspecified by the betting site.

Speaking of withdrawals, we recommend not using bank transfers for them. If you have deposited to Koning Bet, that has happened via crypto, which means that performing a subsequent FIAT withdrawal will lead to you paying exchange fees. Not to mention that you might even lose money due to the volatile crypto exchange rates with FIAT, depending on the token that you are willing to use.

That said, if you are interested in cashing out of the gambling house, you should also know that it has a downright ridiculous minimum that you need to comply with. That limit is set to €40, which is significantly higher than what we expected to see, considering the low initial deposit amount of the bookie. Not to mention that most betting sites nowadays allow punters to withdraw as little as €20 from them, too.

The maximum withdrawal amount per transaction here is set to €1000, which is decent enough. However, the Terms and Conditions of the betting site don’t really specify what the processing times from the gambling house are, which is pretty annoying. We suspect those are up to 3 days, as that is the standard waiting time in most betting sites nowadays.

We should also touch on the fees that you might have to deal with when withdrawing or depositing to Koning Bet. There are no fees by the betting site itself, to be clear, but the crypto miner or bank which is processing your payment can actually have certain fees in place for punters to deal with. This is the case with any betting site you can find nowadays, though, with such fees always being up to punters to cover.

Koning Bet Verification

The verification requirements of Koning Bet are pretty light. The gambling house does not specify that it expects every punter to verify their identity before withdrawing, but you should know that it does reserve the right to ask you for ID at any point in time.

In that case, you will be expected to submit a picture of a government-issued ID, which can be an ID card, a passport and so on. Additionally, you will be asked to verify your address by showing the bookie a recent utility bill in your name. If you want to withdraw via bank transfer, you will likely need to present Koning Bet with a bank statement, too.