Librabet Withdrawal

Librabet Verification & Withdrawals

While we appreciate your desire to relax and have fun at the casino, we must remind you that there are occasions like verifying your account, when you will need to be very thorough and careful. No matter what kind of digital medium we're talking about, dealing with real money is always a big deal. Whether you're on a betting site with the idea of making some bucks or just for pleasure, it makes no difference. But fret not as we will be giving you all the relevant info you will need regarding verifications and withdrawals.

You can fund your Librabet account and place bets just like any other online sportsbook; initial account authentication is not required. However, withdrawals are harder than that. Before you can request a withdrawal, your account has to be confirmed. However, you'll discover more details about this later on. This information is relevant regardless of whether you want to stay Librabet or not since all online betting sites function in a very similar fashion.

This site follows the same basic standards as all others when it comes to checking the identity and financial details of its visitors. An important objective of any respectable sports betting website should be to push away any fraudulent activity users and their security-vulnerable behaviors for the benefit of all fair users and themselves. The platform's licensor, the iGaming regulatory agency of Curacao, needs verification, which is actually a good thing despite being a process that might be confusing at first.

Note that the verification procedure will normally commence after you have attempted to withdraw cash from Librabet, met the wagering restrictions (see below), and confirmed that your account balance exceeds the minimum withdrawal sum. The terms and conditions page of the website provides a more in-depth description of this procedure so you can also check that later on.

Withdrawal & Payment Options

What we will do here is find out what the betting site's verification restrictions are so you can take that in consideration. Different payment options have different minimum withdrawal amounts. The majority of the site's payment methods have a reasonable minimum deposit and withdrawal requirement of €10. This is a very small requirement when you compare it to all other platforms.

You can't ask for a withdrawal until you've bet the amount you deposited a few times, per the platform's wagering requirement. Keep this in mind; it is key. If you want your withdrawal request authorized, you have to follow the steps we have here, even if it may be confusing at first. After we've explained everything, we'll demonstrate the process to you with an example.

Withdrawal requests will be processed after the wagering requirements for each deposit have been met. We won't go into depth here, but the bonus terms and conditions section of the site has information on the extra wagering requirement associated with sports betting incentives and other promotions if you decide to make use of them. With your recurring contributions, we will be reducing the wagering requirement.

There is a 1x wagering requirement before you can request a withdrawal from the site. You are required to do this for every deposit you make, even if it is a little and advantageous requirement. What this means is that if you, for example, make a small deposit of, let’s say, €10, you will have to place bets for that same amount before the platform even allows you to submit a request for a payout.

Before requesting a withdrawal, you should also make sure you’ve seen all the various payment options. Every country supports different, but there are plenty of possibilities to suit everyone's preferences. Visa and MasterCard are among the most common forms of payment, while other options include Neosurf, Jeton, MiFinity, and bank transfers. However, since the platform is regulated by Curacao, it also supports Bitcoin, Ethereum, and a bunch of other cryptocurrencies.

Make sure your balance is large enough to fulfill the required amount you will to withdraw and that you have already fulfilled the wagering requirement before you can request a withdrawal for the first time using the banking option of your choosing. To begin the withdrawal procedure, go to your account's cashier and click the withdraw icon in the top-right. You may complete the action after inputting the amount you are interested in withdrawing and choosing the withdrawal method that is most convenient for you.

Verification Procedure

Your first attempt to withdraw funds from the site triggers the verification process. There is a consistent set of criteria that all platforms implement, even if they are a bit different from each other. Whether a platform representative contacts you first or not before seeking a withdrawal depends on their policies. In this case, you will be contacted once you submit your cash-out request. Also, while this will most likely be the case, there is a chance you will be asked to provide verification earlier on if the betting site sees fit.

However, putting that aside, the first stage is to submit the required paperwork to the platform via the “Verification” part of the site for more information. But you can be ready by reading the terms and conditions beforehand. Everything you need is conveniently located here, so that won't be necessary. In most cases, the set of papers needed to verify a user's identity on the site is what all others require too.

The documents that are required include a valid form of identity, proof of your present address, and proof that the funds you used to fund the betting site do not belong to anybody else but you. To access the area where you may submit these files, just click the little profile symbol in the upper-right corner of the screen. After that, go to “My Account” and then find the “Verification” tab.

To return to the topic of identification, in this case, a document like a passport would also work, in the event that you do not like to or are unable to offer an ID. But if you don't want your submission rejected, the scan or picture you send in has to be of a quality that is very high and perfectly readable. If your phone's camera is good enough, you can also use it, but make sure the picture doesn't crop the numbers or writings on the identification document.

Regarding the second item of verification we mentioned, a utility bill will be given to the platform to prove residency. Your name and current address must be present on this document, as is common sense. The website will typically reject these files unless they have an official stamp from the company or government.

As for the bank statement, the sportsbook only needs your name, the amount you want to wager, a bank stamp, and proof of at least one deposit present on a bank statement. This is a very easy step to cover, although you might need to visit your bank’s office.

Finally, when you have submitted all of the required paperwork, arm yourself with patience. According to the sports betting site’s terms and conditions, the dedicated financial team will need at least one day and no more than three days to confirm your identification.