Sportsbet.io withdrawal: Guide for responsible punters

Withdrawing your winnings marks a most awaited moment in your sports betting session. This entails cashing out your crypto winnings from your successful bets. For new punters, navigating the withdrawal process might seem complex, especially on platforms with many requirements.

However, you don’t need to worry when using Sportsbet.io, as the platform ensures a smooth withdrawal process for punters. Read further and learn how it works:

What is the process for withdrawing from Sportsbet.io?

At Sportsbet.io, you can withdraw using crypto or fiat currency, giving you flexibility based on your preferences. Here’s a simple guide on how to withdraw funds from your Sportsbet.io account using various methods:

• Withdrawing crypto from Sportsbet.io: Withdrawing via crypto on the platform transfers funds from your Sportsbet.io wallet to your wallet.
  • Log into your Sportsbet.io account.
  • On the top-right corner of the homepage, click on your username and available balance
  • You’ll be redirected to the 'Funds' page, where you will see your active balance.
  • Click the drop-down menu and select your preferred crypto.
  • Below the 'Active balance' field, you will see three options: Deposit, Buy Crypto, and Withdraw. Click on the 'Withdraw' option.
  • Click on the drop-down menu to select your preferred network.
  • You will be taken to the withdrawal screen.
  • Enter the amount you want to withdraw. Sportsbet.io also offers percentage options (25%, 50%, or 100%) to make the process easier
  • Click the 'Next' button to complete the withdrawal process.
  • Once Sportsbet.io receives your withdrawal request, you will be notified if the withdrawal has been confirmed and processed
  • Depending on your crypto wallet and the network performance, the funds should appear in your personal wallet within a few minutes.
• Withdrawing via fiat currency at Sportsbet.io: Withdrawing funds transfers money from your Sportsbet.io account to your preferred traditional payment method, such as a bank account or online wallet.

Through Internet banking transfer

• • Log into your Sportsbet.io account.
  • Navigate to the top-right corner and click on your username and available balance.
  • You'll be redirected to the 'Funds' page. Locate your active balance at the top.
  • Click the drop-down menu and select your preferred fiat currency (e.g., Japanese yen).
  • Below the 'Active balance' field, you will see three options: Deposit, Buy Crypto, and Withdraw. Click 'Withdraw'.
  • Depending on your location, select your preferred Sportsbet.io withdrawal method, including internet banking transfer, bank transfer voucher, or Pay4Fun.
  • Click Internet banking transfer.
  • Enter the amount you wish to withdraw. Sportsbet.io offers percentage options (25%, 50%, or 100%) to simplify the process.
  • Click 'Next'.
  • Provide your customer details, including your name, bank name, branch, and account number
  • Verify the details, then click 'Confirm' to finalise the withdrawal request.
  • Wait a few minutes for the funds to be reflected in your account.

Through bank transfer voucher

Suppose you are making a withdrawal through a bank transfer voucher. In that case, you may follow steps similar to those for an Internet banking transfer until you select your withdrawal method, which should be a bank transfer voucher instead. Then proceed with the following after you input your desired amount to withdraw:

• • Provide your customer details, including your name, bank name, branch, account number, and other necessary information.
  • Verify the details, then click 'Confirm' to finalise the withdrawal request.
  • After completing the steps, you will be redirected to the bank page.
  • Follow the necessary steps to complete the withdrawal process.
  • Then, you will be redirected back to the Sportsbet.io page once the transaction is completed.
  • Wait a few minutes for the funds to be reflected in your account.

What methods can I use to withdraw my winnings from Sportsbet.io?

As stated, you have a variety of options to use to withdraw. Here are the supported withdrawal options that you can use for your Sportsbet.io account:

• Crypto withdrawal options:
  • Tether (UDST)
  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Polygon (MATIC)
  • TRON (TRX)
  • Ripple (XRP)
  • Binance Coin (BNB)
  • Litecoin (LTC)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • The Open Network (TON)
  • USD Coin (USDC)
    
• Fiat withdrawal options:
  • Japanese Yen (JPY)
  • Brazilian Real (BRL)

The available fiat currency options on Sportsbet.io depend on your region. To see what’s available in your area, visit the wallet section of your Sportsbet.io account. Depending on the fiat currency, you can use the following methods:

• Internet banking transfer
• Bank transfer voucher
• Pay4Fun (Only for BRL)

Are there any fees associated with withdrawing from Sportsbet.io?

In terms of Sportsbet.io withdrawal fees, the platform does not charge any fees for crypto withdrawals. However, the payment service providers you choose to use for withdrawing your winnings may have their fees according to their terms and agreements.

Examples of such third-party service providers include e-wallets, exchanges, and blockchain networks. It’s important to note that Sportsbet.io does not control the fees charged by these external providers, which are determined by the agreements between the bettor and the service provider.

How long does it take to process a withdrawal request on Sportsbet.io?

Sportsbet.io places a premium on delivering a seamless payment process, especially withdrawals, to ensure punters have the most rewarding experience. Using crypto, the Sportsbet.io withdrawal time can be nearly instant, depending on the crypto network used.

Once you submit a withdrawal request to Sportsbet.io, the transaction is sent to the relevant blockchain network. The blockchain requires a specific number of confirmations to verify the transaction. Depending on the network's congestion, the confirmation of transactions typically takes a few minutes to complete.

However, the Sportsbet.io withdrawal processing time differs for fiat currency. After you submit a fiat withdrawal request to Sportsbet.io, the platform forwards the transaction to your selected payment provider for processing.

Fiat currency withdrawals can take up to two business days to complete. The processing duration heavily relies on your chosen method and the processing time from your service provider or bank.

Are there any limits on how much I can withdraw from Sportsbet.io?

Sportsbet.io imposes minimum and maximum withdrawal limits for each transaction. It's important to note that these limits depend on your chosen payment method. Here’s an overview of the Sportsbet.io withdrawal limits:

• Minimum withdrawal limit:
  • Tether (UDST) - 20.00
  • Bitcoin (BTC) - 0.001 = mBTC 1
  • Ethereum (ETH) - 0.01
  • Polygon (MATIC) - 20.00
  • TRON (TRX) - 200.00
  • Ripple (XRP) - 20.00
  • Binance Coin (BNB) - 0.07
  • Litecoin (LTC) - 0.1
  • Cardano (ADA) - 10.00
  • Dogecoin (DOGE) - 100.00
  • The Open Network (TON) - 10.00
  • USD Coin (USDC) - 20.00
  • BRL - 50.00
  • JPY - 12,000.00
• Maximum withdrawal limit:

At Sportsbet.io, there is no maximum limit for withdrawing funds using crypto. However, please note that Sportsbet.io may process large crypto withdrawals manually, which could lead to slight delays.

For fiat currency withdrawals, on the other hand, Sportsbet.io enforces the following maximum limits:

• Brazilian real (BRL): 7,000,000,000.00
• Japanese yen (JPY): 15,000.00

It's important to note that these withdrawal limits may change over time, so check the cashier page for the most up-to-date information.

Sportsbet.io withdrawal requirements

Before withdrawing any winnings from Sportsbet.io, you must verify your account, as Know Your Customer (KYC) guidelines require. The platform may request additional documents to confirm your identity. This ensures the winnings are given to the rightful owner. Here’s how you can complete the verification process:

• Log into your Sportsbet.io account.
• At the top right corner, click on the 'My Profile' button.
• On the 'My Profile' page, go to the 'Account' section and click on it.

• Scroll down to 'Verify Account' and click on it.

• Read the Terms & Conditions before starting the verification process.

• Click the 'Start verification' button.

• Select whether you are a resident of the United States or another country, then click 'Continue'.
• For the identity document page:
  • Choose the issuing country of your document.

• • Select your document type (e.g. passport, driver's licence, ID card, residence permit)

• • • Ensure the document is bright and clear.
    • Ensure all corners of the document are visible without cropping or zooming.
    • Verify all information on the document is readable.
  • Click 'Next'.

• You will be asked to submit a selfie to verify your identity.

• Sportsbet.io will review your documents and notify you once the verification is complete.
• You can then proceed to make your first withdrawal.

In addition to the KYC (Know Your Customer) verification process, you must ensure that your registered email address is verified before making Sportsbet.io withdrawal. 

Important Sportsbet.io withdrawal terms and conditions

To be fully equipped with the terms and conditions of Sportsbet.io withdrawal, here are important points to remember:

• Sportsbet.io imposes a 1x wagering requirement on the equivalent of your deposit(s) before you can request a withdrawal for both fiat currencies and cryptocurrencies.
• If you fail to verify your account or submit KYC documents, Sportsbet.io may delay your withdrawal until you provide the necessary documents.
• For withdrawals over €2,500, Sportsbet.io may conduct additional KYC verification as required by their gaming licence. If necessary, this can also happen for smaller withdrawals.
• Sportsbet.io prioritises safety and security, verifying all transactions to prevent money laundering. If such cases are detected, the platform may request additional due diligence from you. Failure to comply with these requests could result in withdrawal declines, account suspension, blocking, or closure.
• If Sportsbet.io suspects misuse of their service for money mixing, the platform reserves the right to apply a 5x wagering requirement on your deposit.
• For large withdrawal requests, Sportsbet.io may limit the weekly withdrawal amount to no more than the equivalent of one million USDT.
• Sportsbet.io may deduct any transaction fees or other costs from the amount you withdraw.
• Withdrawal restrictions and requirements may also apply to bonuses and promotions before you can withdraw those funds. If you try to withdraw before meeting the wagering requirements of a bonus, Sportsbet.io will deduct the full bonus amount from your account.
• It’s important to note that some payment methods may include extra fees, which you can see on the cashier page. Your bank or payment provider may also charge deposits, withdrawals, or currency conversion fees.

Fun, fast, and fair withdrawal at Sportsbet.io

When it comes to the withdrawal process, Sportsbet.io is leading the way among sports betting platforms. Offering the option to withdraw funds using either crypto or fiat currency, it caters to various users, ensuring convenience for all. 

What sets Sportsbet.io apart is its straightforward withdrawal process, which requires just a few simple steps to complete. With its streamlined approach and flexibility of options, Sportsbet.io emerges as a top-tier option for sports bettors looking for efficiency and ease of use. 

Frequently Asked Questions (FAQs)

To get to know more about Sportsbet.io withdrawal processing, here are the most commonly asked questions: