Every bettor’s dream is to place a winning bet and have the opportunity to withdraw cash prizes immediately. 1XBet, a famous sports betting company in Nigeria, is known for its multiple payment options. So withdrawing your funds is much easier. In this article, we will talk about 1XBet withdrawals, how to withdraw your funds and the terms and conditions of withdrawing your funds on the platform.
1XBet Withdrawal Rules in Nigeria
Every betting site has its own withdrawal rules that you must adhere to before withdrawing your funds. These rules and regulations are similar to those found on other platforms. The general rules state that you must verify your account before withdrawing your earnings from 1XBet. The verification process usually doesn’t take long, so there should be no issue. Other withdrawal rules of the platform include
- Bettors are prohibited from withdrawing bonuses given to them by the bookmaker unless the promotion has been used to wager on sporting events
- Upon request, withdrawals are processed immediately or within 24 hours
Withdrawal Limits
Every bookmaker has its withdrawal limits, and 1XBet is no different. Therefore, you are advised to adhere to the sportsbook’s withdrawal limit whenever you withdraw your funds from your account. The main objective of these regulations is to promote safety and fight money laundering on the platform.
Minimum Withdrawal
The minimum amount you can withdraw from this sportsbook is 1,000 Naira. It applies to all payments, including bank transfers, e-Wallets, and cryptocurrencies. If you have less than this amount in your 1XBet account, you won’t be able to make a withdrawal.
Maximum Withdrawal
Fortunately, there is no maximum limit to how much you can withdraw from your 1XBet account. Therefore, you can take out any amount you have won as long as the chosen payment method permits it.
1XBet Withdrawal Methods
For a bookmaker regarded as one of the best worldwide, 1XBet has provided quite a diverse range of withdrawal options to customers on its platform. Moreover, the payment options available on the platform are secure and convenient for any bettor to use. So whether you prefer transacting via bank card or the decentralized cryptocurrency system, the bookmaker got you covered. Let’s take a look at some of the 1XBet withdrawal methods.
E-Wallets
You can use e-wallets, such as Perfect Money or Skrill, for taking out funds. This method is one of the most convenient since neither of those providers delays or otherwise hinders your ability to withdraw, no matter what day or time it is.
Payment Systems
For withdrawal, it is convenient to use payment systems such as Monnify, Flutterwave, Paystack, Opay, and Palmpay. This is a fast and reliable method. All these systems are widely used in Nigeria. Users can choose the most convenient option.
Crypto
Over the last few years, the cryptocurrency industry has gained a large following, thanks to the privacy and decentralization it offers. 1XBet has done its best to implement a cryptocurrency payment system into its operation, so if you want to make a withdrawal or deposit, all you have to do is select the option. However, you must provide your crypto wallet details and other personal information before you can complete a transaction using this system.
Bank Transfers
Bank wire transfer is another method that can be used to make withdrawals from your 1XBet account. This option is also pretty standard among bettors since most individuals have a bank account to their name. In addition, withdrawing funds through a bank transfer may be familiar to those who have ever transferred money from one account to another using a bank account.
How to Withdraw From 1XBet
As soon as you have placed a winning bet, the next thing you want to do is think about how to withdraw your funds when they come in. The process of taking out funds on 1XBet is quite straightforward. You can choose to withdraw your funds through the!XBet website, or you can obtain the mobile application and use it to get your earnings.
From the 1XBet Site
If you want to learn how to withdraw your funds from 1XBet, below are instructions on how to do just that.
- Proceed to the 1XBet Nigeria webpage.
- Type in your credentials to sign in to your profile.
- Identify the withdrawal tab.
- Select the payment system you would like to use.
- Enter the amount you would like to withdraw.
- Ensure the amount is no more than what you have in your account.
- Key in your bank details and other vital information.
- Confirm everything has been entered correctly.
- Now confirm the transaction.
- Mission complete.
From 1XBet in the App
You can also use the 1XBet app to withdraw your funds if you prefer betting using mobile apps. The bookmaker has developed a mobile app available for iOS and Android users, and downloading it is free. Let’s take a look at how to make a withdrawal using the 1XBet app.
- Launch the app if you already have it on your smartphone.
- Type in your credentials to log into your account.
- Go to “Account settings” and select “Withdraw funds.”
- Select the payment option you prefer.
- Enter the amount you would like to withdraw.
- Make sure the amount is not more than what you have in your account.
- Key in your bank details and other vital information.
- Confirm everything has been entered correctly.
- Now confirm the transaction.
- Done.
Withdrawal Fees
Like every other bookmaker worldwide, a commission is charged for every withdrawal transaction completed on 1XBet. However, unlike during the process of depositing, an additional fee is deducted from your winnings whenever you make a withdrawal from your account.
Commission on Withdrawals Made From the Website
The commission is charged not because you withdrew through the website or the app. Instead, the extra charges are from your selected payment system to complete your withdrawal. Most of the time, the commission depends on the chosen payment option.
Commission on Withdrawals Made Through the App
The same commission charged for withdrawals made through the app is the same for withdrawals made through the website. Therefore, it is mainly because the service providers charge the commissions for the payment option rather than because your withdrawals were made through the mobile app or official website.
Cash-out
The bookmaker also has a cash-out feature that pops up randomly when some games on your betting slip have been won. The 1xBet cash out feature is quite useful when you are still determining the remaining games, so the system offers to pay a fraction of your estimated winnings if some games have already been won on your bet slip.
How to Withdraw 1XBet Bonus
Bettors are prohibited from withdrawing bonuses given to them by the bookmaker unless the betting requirements of these promotions have been met. It is because the main objective of the 1XBet promotions is to boost your confidence and give you a better understanding of how the betting market operates. So, you are only allowed to withdraw your money when the bonus given to you has been used to stake on the different sporting events covered by the sportsbook.
Verification
Just like it is done on other betting sites, you must thoroughly verify your 1XBet account before your funds can be withdrawn. The process of verifying your account doesn’t take long as long as you provide the necessary documents that were requested. You can verify your 1XBet account by providing a document that proves your identity and location. Here is an example of how to confirm your identity on 1XBet in Nigeria
How to Confirm Your Identity
One of the ways in which you can complete your verification process is by confirming your identity. You can verify your identity by submitting the necessary documents requested by the bookmaker. Furthermore, ensure the documents are valid and accurate before forwarding them to the customer support team. Examples of documents that might be requested include
- Birth certificate
- international passport or identity card
- Utility bills
Withdrawal Time on 1XBet
On 1XBet, withdrawals are completed instantly or within 24 hours after confirming the withdrawal request. So whenever you withdraw your funds, rest assured that your earnings will be delivered to you. However, if you experience issues receiving your winnings, you can contact the 1XBet customer care team for assistance. The team works around the clock to provide any necessary customer support that you might need.
Withdrawal of Funds on Weekends
When you join 1XBet, you get access to your funds any time of the week. In addition, your winnings are usually delivered instantly, so even if you decide to withdraw your funds on a public holiday, you will get your cash prize immediately.
Possible Problems With Withdrawing Funds From 1XBet: What to Do?
Every bettor from any betting site has experienced an issue when it comes to withdrawing funds, and 1XBet is no different. We have compiled some typical problems that might arise or deter you from taking out funds from 1XBet.
Non-Compliance With Limits
As stated earlier in this article, the bookmaker sets withdrawal limits that must be followed. So if, for example, you have passed the daily limit for a day, the best course of action is to wait until the next 24 hours to make another withdrawal.
Bank Restrictions
Your bank might limit how much money you can withdraw all at once and how many withdrawals you can make daily. It is recommended to contact your bank for support in this situation.
Connection Problems
A bad internet connection can also prevent you from withdrawing your earnings on 1XBet. In this case, it is advised to connect to a stable internet connection before processing your withdrawal. So this way, the transaction can go smoothly.
Inaccurate Details
Ensure the personal information you provide for the withdrawal of funds correlates with the account information. Inaccurate data might lead to account suspension, which anyone wouldn’t want. Make sure your data is entered correctly before confirming the transaction.
There Are No Registered Withdrawal Methods
If, during the process of picking up your funds, you notice there is no registered payment system accessible to your 1XBet account, the best course of action is to get in touch with the 1XBet customer representative team and lodge a complaint. It usually doesn’t take long before they get back to you and resolve your problem.
What Should I Do if 1XBet Has Prohibited Me From Withdrawing Funds?
If you have been prohibited from withdrawing funds from your 1XBet account, the best advice is to contact the customer service team. Then, send in your complaints and wait for an explanation or solution to your problem.
I Would Like to Cancel the Withdrawal of Funds From My Account
You can also choose to cancel the withdrawal of your funds if you change your mind. A formal request can be made by emailing the support department. However, ensure the request is sent immediately after completing the withdrawal request.
Conclusion
In general, the bookmaker offers a wide range of withdrawal methods to cater to the diverse needs of its users. So whether you prefer traditional banking methods such as wire transfers or more modern payment solutions such as e-wallets and cryptocurrency, you can find a suitable option at 1XBet Nigeria. The platform also boasts fast withdrawal processing times and minimal fees for most withdrawal methods. Overall, 1XBet’s withdrawal options provide users a convenient and efficient way to access their winnings and enjoy their betting experience. To learn more about the sportsbook, check out our other articles.
FAQ
Is it easy to withdraw money from 1XBet?
The different payment options available on 1XBet have made withdrawing funds more accessible and faster.
How long does withdrawal take on 1xBet?
Your funds are usually delivered instantly or within 24 hours due to unforeseen circumstances.
What is the highest win in 1XBet Nigeria?
Unfortunately, this information isn’t known to the public.
What is the maximum deposit for 1XBet in Nigeria?
There is no limit to how much you can deposit on 1XBet.
Who is the owner of 1XBet in Nigeria?
There is no reliable information on who owns the sportsbook website.
Other articles