Sportsbet Withdrawal Review in India Jan 2025

Sportsbet Withdrawal Time

One of the reasons we like this bookmaker is because the Sportsbet withdrawal times are very fast. At Sportsbet, cryptocurrencies withdraw instantly once they’re approved, which means you typically only wait a few minutes for your withdrawal.

While withdrawals using fiat methods can take up to three days, Indian punters will receive their crypto withdrawals within a few minutes. The transaction must pass the relevant confirmations to withdraw, but once it’s done, there shouldn’t be a delay.

There are some cases in which the financing department won’t process the withdrawal instantly. If they need to perform additional verifications and manually process the request, such as when you’re withdrawing a significant amount, then the process can take longer than a few minutes.

Sportsbet Withdrawal Limit Per Day

When looking for the Sportsbet maximum withdrawal for the day, we found that this bookmaker doesn’t implement any daily limits. Daily withdrawal limits are one way for casinos and bookmakers to restrict the amount players can withdraw from their accounts in one go.

It’s an anti-money laundering tactic, but thanks to blockchain technology’s security and transparency, this isn’t as big of an issue for crypto transactions. Cryptos don’t have any maximum withdrawal limits.

However, while it’s not necessarily a daily withdrawal limit, players should know that some withdrawals might require additional verification. If the withdrawal amount is significant, then the approval of your request can be delayed, or the amount can be paid out in instalments.

Sportsbet Withdrawal Rules

Specific rules always apply to bookmakers’ withdrawals. These rules describe when punters in India can withdraw, what circumstances can cancel a withdrawal and more. They can also clarify specific withdrawal methods, such as when making a Sportsbet withdrawal to a bank account.

That’s why you must understand the Sportsbet withdrawal rules before trying to withdraw on both the desktop site and the Sportsbet app. We don’t want your withdrawal request to be rejected due to a small mistake. Below, we discuss the most crucial rules to be aware of before withdrawing.

Verify Your Email to Make a Withdrawal

Before you can withdraw, you must verify your email address. You would have likely done this by the point of making withdrawals, but if you haven’t, now’s the time to do so. If your email isn’t verified yet, you’ll receive a prompt to do so before withdrawing.

This process is one of the ways the bookmaker can double-check your identity as the registered owner of the payment method.

You Must Withdraw Using the Currency You Used to Deposit

This bookmaker will require that you make a withdrawal using a currency you’ve previously used to deposit. If you don’t have an active balance in a digital currency, then you won’t be able to use that one to make withdrawals.

The same counts if you claimed a promotion using a specific currency. You can only wager the promotion using that crypto, and winnings are awarded in that crypto, which you can then withdraw.

Confirm the Withdrawal on Blockchain Three Times

You can only action a crypto withdrawal once you’ve completed three blockchain confirmations. However, your previous deposit must also have had three blockchain confirmations before you can withdraw the funds.

These confirmations serve as verification of the transaction and ensure that your withdrawals are safe and recorded on the blockchain network.

Wager Your Deposit 1x Before Withdrawing

Players cannot deposit funds and immediately withdraw them. Once you’ve made a deposit, you must wager those funds at least 1x before you’ll be able to withdraw them. This security measure is set in place to prevent unauthorised use of the bookmaker and as an anti-money laundering tactic.

Complete the KYC Process for High Withdrawals

Withdrawals over €2,500 (or equivalent in cryptocurrencies) will require additional verification. If you want to make high withdrawals, you must complete the entire KYC process.

This process requires that you provide the bookmaker with copies of your official identification documents, proof of address, and evidence of ownership over your payment method.

The Betting Site Can’t Be Used As a Mixer

A Bitcoin mixer is a tool that people use to mix up cryptocurrency transactions to make them harder to track. By mixing the user’s transaction with other cryptos, they can confuse and hide the transaction’s trail.

However, the casino’s terms state that you can’t use this platform as a mixer; you can only use it for entertainment. If the operator finds that players are using it as a mixer or suspects them of it, they can implement 5x wagering requirements on all deposits.

The Bookie Can Pay High Withdrawals in Instalments

If you’re looking to make a very significant withdrawal, the casino will impose a weekly withdrawal limit of 1 million USDT or the equivalent in other cryptos. They will pay out this maximum of 1 million USDT each week until the full amount is paid over. As such, you should just be aware that withdrawals over 1 million USDT will take longer to receive in full.

Bonus Terms Must Be Completed Before Withdrawals

Promotions have specific withdrawal restrictions or requirements that you must complete before you’ll be able to withdraw the bonus winnings.

If you try to withdraw before completing these restrictions and requirements, then the bookmaker will first deduct your bonus amount and affiliated winnings before approving the request.

Sportsbet Bonus Withdrawal

Punters who use bonuses on Sportsbet should be aware that they have to complete the promotion terms before they’re able to withdraw their winnings. Some bonuses, like the seasonal challenges Festive Jackpots, have no wagering requirements.

As such, they can withdraw these cash prizes instantly. However, others, like the seasonal Multibet Football Challenge, have 5x wagering requirements punters in India must complete within seven days of claiming the bonus.

It’s also essential to remember that eligible bets that contribute to the wagering requirement can have specific requirements of their own. For example, the welcome bonus only counts bets of 1.5 or higher odds towards the wagering requirement.

If you don’t keep these terms in mind, you might be unable to complete the rollover and end up losing the bonus and winnings when you try to withdraw. Once you’ve completed all of the bonus terms, you can complete the withdrawal like any other time. Press the “Deposit” button and switch to the withdrawal section to get started.

Sportsbet Withdrawal Methods

Indian punters can only make cryptocurrency withdrawals, as this site only accepts JPY and BRL fiat currencies. Punters in other countries might be able to make a Sportsbet withdrawal to PayPal. However, due to the lack of payment method supporting INR at this bookmaker, punters in India’s choice remain one of the 13 available cryptocurrencies.

The options include popular cryptos like Bitcoin and Ethereum and slightly less popular options like Tron and Polygon. However, for a bookmaker that’s largely crypto-focused, we didn’t find enough cryptos on the site.

We would appreciate a larger selection available to punters in India, considering it’s the only method they can use. Still, we explain how you can withdraw using one of these methods in the guide below:

1. Access your bookmaker account. You must log in to your Sportsbet.io account using the “Login” button in the header to make a withdrawal.
2. Click on the “Deposit” button. While there’s a trophy icon to open your account menu, the menu won’t list the withdrawal tab. You can only access this using the deposit tab.
3. Switch to the “Withdraw” tab. Next to the “Deposit” tab, you’ll see “Buy Cryptos” and “Withdraw.” Click on the “Withdraw” option to access the “Withdraw” tab.
4. Switch to your preferred crypto. Under the “Active Balance” heading, you’ll find a drop-down list of all the available cryptos. Each will list your withdrawable balance in that cryptocurrency.
5. Decide which network to use when withdrawing. Some will only have the crypto’s original network, while others will list an alternative option called WalletConnect.
6. Enter your crypto withdrawal amount. You can manually enter the withdrawal amount or decide to withdraw 25%, 50% or 100% of the active balance in this currency.
7. Complete the necessary details. To proceed with the withdrawal, you must press the “Next” button and add information like your crypto wallet’s address.
8. Complete the transaction. Once you’re sure all the details are right, approve the transaction. To be approved, you’ll have to confirm this withdrawal three times on the blockchain.

Now that you know how to make the withdrawal, we look at the Sportsbet withdrawal limit for each method. Below, find out what crypto options are available to punters in India to better understand what to expect.

Cryptocurrencies

Cryptos are the main payment methods, so you have access to 13 different digital currencies. Cryptos are some of the fastest payment methods, as blockchain technology instantly processes transactions. However, it also means that these transactions are irreversible.

Since cryptos are decentralised digital currencies, no one country has control over it, which means it’s easy for you to use online casinos. While the most used currency on this bookmaker is USDT, you can use any of the other currencies to place bets and play games.

The available cryptocurrencies at this bookmaker are:

1. Tether
2. Bitcoin
3. Ethereum
4. Polygon
5. Tron
6. Ripple
7. Binance Coin
8. Cardano
9. Ripple
10. Dogecoin
11. The Open Network
12. USD Coin
13. Shiba Inu

WalletConnect

Some cryptosystems and networks will allow you to withdraw your funds using WalletConnect. WalletConnect is an on-chain UX ecosystem where you can transfer your funds to your connected wallet.

While it’s not available with every cryptocurrency, you’ll find it with options like Tether, Ethereum, Polygon, and more. When you open the withdrawal tab using one of the eligible methods, you’ll see WalletConnect listed under the crypto’s network.

Sportsbet Withdrawal Charges and Fees

While there are no standard fees Sportsbet charges on withdrawals, the bookmaker does reserve the right to deduct transaction costs from your withdrawal. Further, the payment provider might charge fees on your withdrawal.

This is especially true for crypto transactions, as the blockchain typically has a small fee. However, the amount is so small that it’s not a significant issue. Just be aware of it and check your approved transaction, as it should list any fees.

Sportsbet Potential Problems and Issues

When you’re withdrawing at a bookmaker, sometimes issues can crop up. By knowing what possible issues you can experience, you can also find out what solutions they have. That’s why we explore some of the problems you can experience and how to fix them.

I Don’t See My Withdrawal Amount in My Account

If your withdrawal didn’t go through, it could be that you entered the wrong crypto email address or that one of the three confirmations wasn’t successful. Check whether you lost the internet connection and try to make the withdrawal again.

Also, consider whether your withdrawal amount fell within the active balance limit and whether you completed all the bonus requirements. Sometimes, the crypto’s network might lose connection, which can mean your transaction is slightly delayed, but it should appear within a few hours at most.

I Can’t Withdraw My Deposit

When depositing, you must first wager the deposited amount 1x before you’re able to withdraw it. If you don’t wager it at least once, then it won’t be part of the eligible funds for withdrawals. If you accidentally deposited too much and want to reverse it, you must contact the support team immediately and explain what happened. However, you must not have placed any bets using those funds to be able to request a withdrawal.

I Don’t Know if My Withdrawal Request is Successful

You’re able to check the status of your Sportsbet withdrawal in the section listing the history of your transactions. In the “Deposit” cashier, if you scroll down, you’ll see an option for “Transaction History.” By clicking it, you’ll see all past and present withdrawals and their status. You can see if the withdrawal is completed or still unapproved.

I Want to Cancel My Withdrawal

You can’t cancel withdrawals that have already been approved. Due to the fast processing times, it leaves a really small timeframe for you to still be able to cancel your withdrawal. Only a pending withdrawal at Sportsbet can be cancelled.

Check whether your withdrawal is still pending, and if it is, request a cancellation. You’ll have to contact the support team immediately and ask them to cancel your withdrawal request. You’ll likely have to provide the withdrawal ID and other details to action the cancellation request.

I Lost My Bonus After Making a Withdrawal

If you make a withdrawal without having completed all of the bonus terms, you’ll lose not only the bonus amount but also the winnings won using the active bonus. In that case, when making a withdrawal, the bookmaker will remove the bonus funds and winnings.

As such, the bookmaker will only approve the withdrawal of what’s left of your withdrawal amount. It’ll also void the bonus on your account, so you can’t go on using it. That’s why you should always check the bonus terms and your wagering progress before making a withdrawal.

Make Fast Withdrawals Via Cryptocurrency

This bookmaker is ideal for crypto punters, as cryptocurrencies are its main focus. It lists 13 cryptos punters can use to withdraw, and they typically make fast withdrawals within a few minutes. The minimum limits are about standard for the industry.

Further, individual transactions are not subject to maximum limits. The only maximum is that you can’t withdraw more than 1 million USDT per week, which is a high limit. We like the fast withdrawal and user-friendly interface.

However, we would like to see more cryptocurrencies available to Indian punters. If you don’t mind only having access to the most popular cryptos, then this site is a good option in India.