Do I Need Verification To Withdraw From Freshbet?
You can’t withdraw from Freshbet without account verification. You may ask why the KYC and AML procedures are so important. Well, first of all, it’s about protecting user data and avoiding fraudulent activities. All licensed casinos require a certain kind of verification. There are several reasons for it.
But before we start talking about withdrawal and verification process, we would suggest you to read our review of Freshbet Casino!
Regulating Underage Gambling
Underage gambling is prohibited in every country. In order to prevent such users from playing, identity verification is required. Different countries have various restrictions depending on the gambling regulator, but the most common age to be eligible for playing is 18.
Online gamblers who are underage risk penalties that will have a significant financial impact on both the operators and the players.
Don’t forget to Be Gamble Aware!
Improve Fraud Prevention
Crime can never disappear. Fraudulent activities exist everywhere you step, no matter if it’s a virtual or real world. In online casinos as well as on Freshbet, illegal activities are common, such as multiple fake or stolen accounts. Chargebacks, bonus abuse, identity theft, money laundering, and other casino crimes are among these.
Responsible Gambling Practices
Gambling might be addictive if you cross the line. Therefore, you should always be in check.
Some people really suffer from such addictions, and they can’t control their actions. Every casino has tools to help such people. Self-exclusion is one way to do this. Identity verification is a good way to identify such problematic players. At freshbet, a user can at any time block themselves and request account closure for a certain time or permanently.
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How To Verify a Freshbet Account?
You just need to complete two easy steps. Only identity and address verification are needed at Freshbet Casino.
Go to your account settings and click on the Account Verification section.
Proof of identity can be a passport, driving license, or identity card. Remember that the document must not be expired.
Proof of address can be a utility bill, mobile phone bill, or bank statement. The document must be issued within 90 days. You can directly upload all proofs from the website. However, if the page keeps loading, you can send the documents to the support email – support[at]fresh-bet.com
You will get a response within 24 hours.
What else is required to withdraw from Freshbet?
Even though your account is verified, you may still not be eligible for a withdrawal.
1) First, check that you don’t have any active bonuses. If you have one, you need to complete the wager according to the rules.
2) Second, Freshbet has monthly (15 000 EUR) and weekly (7500 EUR) payout limits. For example, if you have already withdrawn 4000 EUR, you can’t request another withdrawal of that amount for the following days. Make sure to fit the existing limits.
3) Third, never try to trick Freshbet casino with unacceptable game strategies, stolen cards, suspicious sports bets, or other fraudulent activities. Your account might be temporarily or permanently suspended due to an investigation.
How Do I Withdraw Money From Freshbet?
At the very moment, Freshbet Casino has several options for withdrawal. One of them is a bank transfer with SEPA. Note: this payment method works only in Europe, and the minimum withdrawal limit is 200 euros. You need to fill out all the fields, then click “withdraw” and that’s all.
If you don’t live in a European country, you can only withdraw in crypto currency. There are several options. Bitcoin, Ethereum, Litecoin, Dash, Ripple, Monero, and USD tether (erc20).
You just need to have a little bit of understanding of the crypto world in order to make transactions. You must specify the exact payment address for your preferred coin as well as the amount you wish to withdraw.
How Long do Withdrawals Take?
The Freshbet team always tries to speed up the withdrawal process. In general, requests are processed within a maximum of 3 working days. That’s because the specific team has to check game transactions and activities of each player. It, of course, takes some time.
Basically, crypto withdrawals are done earlier. However, bank transfers need extra time even after the payment is processed.
F.A.Q
No, you cannot withdraw from Freshbet without account verification. All licensed casinos, including Freshbet, require account verification to ensure responsible gambling practices, prevent underage gambling, improve fraud prevention, and comply with regulations.
Account verification is necessary to prevent underage gambling, improve fraud prevention, adhere to responsible gambling practices, and comply with regulations set by gambling authorities. It ensures the safety and security of both the players and the casino.
To verify your Freshbet account, you need to provide proof of identity (passport, driving license, or identity card) and proof of address (utility bill, mobile phone bill, or bank statement issued within 90 days). These documents can be uploaded directly on the Freshbet website or sent to the support email address.
Freshbet aims to process withdrawal requests within a maximum of 3 working days. Crypto withdrawals are generally processed faster than bank transfers. However, additional time may be required for bank transfers even after the payment is processed.
Freshbet offers withdrawal options such as bank transfer with SEPA (available in Europe) and cryptocurrencies including Bitcoin, Ethereum, Litecoin, Dash, Ripple, Monero, and USD Tether (ERC20). The specific options may vary based on your location and preferences.
