LiBet Withdrawal

LiBet Verification/Withdrawal

Before you trust a betting site to be honest and pay out wins as promised, you need to familiarize yourself with the powerful pairing of verification and withdrawals. The hidden rules of verification criteria might prevent you from receiving your funds if you don't read them thoroughly, even if many platforms make withdrawals look straightforward on purpose. We hope this isn't the case with LiBet, but if you want to know for sure, we have this section where you can get all the information you need.

Payment Methods, Deposits, and Withdrawals at LiBet

LiBet has crypto-friendly deposit and withdrawal options, but overall, it accommodates both fiat and cryptocurrency players. For deposits, you can use credit or debit cards like Visa and Mastercard or crypto options — Bitcoin, Litecoin, Ethereum, TRC20, and USDT.

The minimum deposit is the equivalent of 25 EUR if you're paying in crypto. The accepted currencies are GBP, CAD, NOK, and BRL. On the withdrawal side, you’ll need to verify your identity for any amount above EUR 2,000, so buckle up. The minimum withdrawal is 35 EUR, and if you’ve deposited in cryptocurrency, you’ll withdraw in cryptocurrency, with the same applicable to fiat deposits.

Maximum withdrawal limits are different depending on the payment method. Visa and Mastercard have daily withdrawals of 5,000 EUR and monthly withdrawals of 20,000 EUR (non-jackpot). For VIPs, the limits will go up with your level upgrades.

For withdrawals over 5,000 EUR, a source-of-wealth check will be carried out. All withdrawals should be processed in 2 business days unless there's a security check going on. There’s a 1x turnover requirement on your deposit before you can withdraw, which serves as an anti-money laundering policy.

LiBet Verification

LiBet's verification process has three steps, and the thing they all have in common is the aim — to make sure you are who you claim to be and meet all the KYC and AML standards by checking your identity via information and documents.

Step One is a must for all bettors, regardless of the payment or withdrawal method used. While involved in it, you should complete a form with personal details: first and last name, date of birth, nationality, gender, and full address. You’ll find this form to fill out under your account settings, and the quickest thing to do, so you'll be done with it before you even know.

Step Two will kick in when you deposit or withdraw over €2,000. In this part of verification, you’ll need to upload a photo of a valid ID accompanied by a note that shows a unique six-digit code the site will give you. The ID must be official, like a passport, driver’s license, or national ID. LiBet's team will verify that your Step One details match your ID in two databases, so it's pointless to enter false info. If there’s any mismatch or something isn't right, you'll have to present additional proof of residence, like a government registration document.

Step Three is only for deposits or withdrawals above €5,000. During it, you’ll be asked for proof of wealth (SoW), which is supposed to confirm the legitimacy of the money. Some of those documents could be business ownership papers, employment records, or inheritance papers. This final step might also introduce additional checks depending on your financial background — a bank statement or credit card scan, for example.

Apart from all the described procedures, LiBet might also request a recent utility bill or government letter to serve as proof of address. All documents you send in should be clear, with all four corners visible. A completion time frame for the whole procedure isn't mentioned anywhere on the site, though, which is a bit of a drawback.