Librabet Money Withdrawal Process Explained

Boasting a huge library of casino games and a sportsbook crammed full of different events and markets, Librabet is a popular place among bettors. As well as scoring well in our general review, we are also satisfied with how the firm handles customer withdrawals. Librabet has lots of different payment methods to choose from, and processing times are fair.

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How to Withdraw Money from Librabet

The range of Librabet withdrawal methods available will vary depending on your location. Many, including the cryptocurrency options, are available to a wide audience, however.

In order to request a cash-out, the initial steps are the same regardless of which payment method you choose. The available list to you may look like the one below. It will be slightly shorter than the deposit list, as some payment methods only support cash-in, but it will still be full of options.

After clicking the green withdrawal button, you may need to provide some additional information if it is your first time using that payment method. For non-crypto methods, such as ecoPayz or MiFinity, this means providing your account details or logging into your account. This may appear in a separate window to the cash out request. You will need to provide all necessary information here before the cash out payment ends up for approval.

Payment Method	Withdrawal Minimum	Withdrawal Maximum	Time for Withdrawal
Visa	€10	€1000	up to 3-5 days
MasterCard	€10	€1000	up to 3-5 days
Postepay	€10	€2000	up to 3 days
FunID	€10	€2000	up to 24 hours
Bank Wire Transfer	€10	€5000	up to 7 days
CartaSi
Revolut	€10	€1000	up to 24 hours
Satispay
Klarna
MiFinity	€10	€2500	up to 24 hours
eZeeWallet	€20	€1000	up to 24 hours
Jeton Wallet	€10	€5000	up to 24 hours
Sticpay	€10	€5000	up to 24 hours
BitcoinCash	€10	€5000	up to 24 hours
Bitcoin	€10	€5000	up to 24 hours
Tether	€10	€5000	up to 24 hours
Litecoin	€10	€5000	up to 24 hours
Ethereum	€10	€5000	up to 24 hours
Ripple	€10	€5000	up to 24 hours
USD Coin	€10	€5000	up to 24 hours
Paysafe Card
Skrill	€10	€5000	up to 24 hours
Neteller	€10	€5000	up to 24 hours

Common Issues with Librabet Withdrawals

Although you are unlikely to run into any issues when cashing out at Librabet, very occasionally, problems occur. Some of the most common issues are highlighted below, as well as how to resolve them.

Verification documents not provided

If Librabet has requested verification documents from you, it is best to supply clear copies without much delay. Failure to do so means Librabet will not approve any withdrawals from your account. As a gambling website, they have the right to delay any withdrawal request for KYC (know your customer) reasons. Verification can take several forms, including proof of identity (e.g. a passport or a driving licence), proof of address (e.g. a utility bill or bank statement) or proof of payment account ownership.

Request above the maximum limit

When making a Librabet withdrawal, you will see that each payment method has its own limit, for example, €5,000. You need to be mindful, though, that this amount is very likely higher than the daily withdrawal limit imposed by Librabet. At this gambling site, they set individual withdrawal limits based on your VIP level, starting at €500 a day and €7,000 a month. They will likely reject your request if you request more than this.

Insufficient wagering

To claim any winnings you have earned at Librabet, you need to ensure you have gambled the entire deposit in full first. Librabet has the right to cancel any winnings relating to a deposit that has not been rolled over at least once (1x) before the withdrawal is made. In addition, they will charge a commission of between 10% and 15% on the previous deposit amount.

Using a new payment method

Librabet state clearly in its terms and conditions that, wherever possible, withdrawal requests should use the same method used to fund the account. This is largely in place as an anti-money laundering measure.

Tips for Withdrawing Money from Librabet

Here are our handy tips for when you wish to withdraw your money at Librabet:

Bigger and less frequent withdrawals are best

It is not advised to make lots of small withdrawals at Librabet for a couple of reasons. One is that customers cannot have more than three pending withdrawals at any one time. Additionally, as Librabet incur a cost for every transaction, making lots of requests may lead them to place some restrictions on your account.

Ensure your details are correct

This is an obvious one, but it is well worth mentioning. Always ensure you double-check the withdrawal amount, digital wallet address and so on to avoid any possible complications or delays.

Cash out if you do not plan on returning for some time

Any funds left in an account that has had no activity for 180 days will be subject to a monthly €5 administration fee. So, if you have found a new website or want a break from gambling, be sure to take out your cash first, as it can be easy to forget about it.

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