How to Make a Withdrawal from N1bet?
N1bet has a very easy and handy payout method. The steps for withdrawal on the platform is explained below:
- Sign in to your existing N1bet account
- Click the account icon on the homepage and select ‘Withdrawals’
- Choose your withdrawal method of choice
- You can withdraw your earnings using the bitcoin option, or direct bank transfer as well as bank transfer via Paystack.
- If you go for the bank transfer payout, select your bank from the dropdown menu, enter account number, amount and click the ‘Withdraw’ icon.
- Your funds will be credited based on the payout time.
What are the Withdrawal Methods at N1bet?
N1bet operates three major methods for cash-out processes, the bitcoin process which funds your bitcoin wallet directly. There is also a direct bank transfer and transfer with paystack.
The bank transfer has a non-exhaustive list of traditional banks in Nigeria including Microfinance banks, mobile money operators, payment switching and processing companies. The table below provides information on the minimum and maximum payout as well as the processing time.
| Withdrawal Method | Minimum Payout | Maximum Payout | Transaction Fees | Processing Time |
| Bitcoin | ₦3,500 | ₦2,000,000 | Tiny Network Fee | Few Minutes |
| OPay | ₦1,500 | ₦500,000 | None | Instant |
| Paystack | ₦1,500 | ₦500,000 | ₦50 | Up to 24 hours |
| Paga | ₦1,500 | ₦500,000 | ₦50 | Up to 24 hours |
| PalmPay | ₦1,500 | ₦500,000 | ₦50 | Up to 24 hours |
| Moniepoint MFB | ₦1,500 | ₦500,000 | ₦50 | Up to 24 hours |
| MTN MoMo Payment Service Bank | ₦1,500 | ₦500,000 | ₦50 | Up to 24 hours |
| Kuda MFB | ₦1,500 | ₦500,000 | ₦50 | Up to 24 hours |
| United Bank for Africa (UBA) | ₦1,500 | ₦500,000 | ₦50 | Up to 24 hours |
| First Bank | ₦1,500 | ₦500,000 | ₦50 | Up to 24 hours |
| Guaranty Trust Bank (GTB) | ₦1,500 | ₦500,000 | ₦50 | Up to 24 hours |
| Zenith Bank | ₦1,500 | ₦500,000 | ₦50 | Up to 24 hours |
| Access Bank | ₦1,500 | ₦500,000 | ₦50 | Up to 24 hours |
| Wema Bank | ₦1,500 | ₦500,000 | ₦50 | Up to 24 hours |
| Globus Bank | ₦1,500 | ₦500,000 | ₦50 | Up to 24 hours |
What are N1bet withdrawal rules?
Players are required to accept the bookmaker’s terms and conditions during registration. They are also expected to verify their account as failure to do so will stop them from being able to withdraw their funds. In some cases, the platform can request a selfie with ID, a selfie with ID and a special sign, or a phone call.
At N1bet, the minimum withdrawal is ₦1,500, and the maximum amount depends on the withdrawal method you select. Your withdrawals will be made in installments if the amount selected is higher than the maximum amount for that option. The weekly withdrawal limit is ₦2,500,000, while the monthly limit is ₦7,000,000
The platform states that all deposits without bonuses must be played at least once before it can be withdrawn. Also withdrawals in other currencies might lead to extra charges as a result of conversion rates.
Potential Issues With Withdrawing at N1bet
N1bet is regulated by the National Lottery Regulatory Commission. The bookie therefore ensures that all mandated rules for sports betting are adhered to strictly. The players are also advised to follow all rules and recommendations by the platform to avoid problems like account closure and confiscation of winnings. Some of the issues punters are likely to encounter includes:
- Failure to properly verify your account with valid documents as requested by the platform.
- Failure to adhere to the bookie’s terms and conditions. Players are required to read and accept the bookie’s conditions before you are eligible to withdraw payments.
- Non-wagering of deposits. You have to play your deposit at least once before you can withdraw any winnings
- Shaddy betting practice, The platform won’t allow you to withdraw if it discovers that you won money by cheating the system.
FAQ
How long does it take to withdraw from N1bet?
N1bet withdrawal processes take between a few minutes and 24 hours depending on the withdrawal option you select.
What is the withdrawal limit for N1bet?
The withdrawal limit for N1bet is between ₦1,500 and ₦500,000 for most withdrawal options.
