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.
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.
- Click the green wallet symbol in the top-right-hand corner of the screen.
- Select the ‘withdrawal’ tab from across the top.
- Select your desired method from the available list by clicking on the relevant icon.
- Enter the amount you wish to deposit, ensuring it is between the minimum and maximum figure.
- Cryptocurrency methods require you to input the wallet address in the ‘payment data’ field. Ripple payments also need a destination tag.
- Select the green withdrawal button.
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.
FAQ
Are there any fees associated with withdrawals at Librabet?
No, there are no fees for withdrawing unless you fail to wager your deposit once through.
How long does it take for withdrawals to be processed on Librabet?
Librabet processes withdrawals in no more than three working days.
What languages are available on Librabet’s site?
The Librabet website supports 10 languages: English (several variations), Russian, Dutch, Portuguese, Italian, Norwegian, Finnish, Spanish, Hungarian and Polish.
Is it possible to register from any country on Librabet?
It is possible to play at Librabet from many countries but not all. If you are from an unsupported location, you will likely be unable to access the site. Additionally, your country will not appear on the drop-down list during registration.
What are the cryptocurrency options available for withdrawal at Librabet?
Librabet withdrawals support Bitcoin, Bitcoin Cash, Ethereum, Tether, Litecoin, DAI, Ripple and USD Coin.
Is it possible to request multiple withdrawals at Librabet?
Users can have a maximum of three pending withdrawals at any one time, but the financial team will only approve them at least three business days apart.
Last updated: 02 Jul, 2024 at 08:16