VeloBet Casino is a fresh name on the market. We were the first to analyse it in 2023, and a key factor behind our rating was the fast Velobet Casino withdrawal time. As always, the total waiting time depends on the chosen payment method. However, VeloBet’s internal payout processing is slightly faster than what the competition offers.
Our comprehensive Velobet Casino review focuses on the platform as a whole. It dives deep into the real user experience, bonuses, banking options, and user reviews. This page, however, focuses solely on the withdrawals and their speed. If that’s what interests you, continue reading.
What You Should Pay Attention to Before Withdrawing Money From Velobet
According to our tests, requesting a cashout from Velobet Casino is quite simple. It takes no time getting used to. The same goes for depositing too. However, when it comes to withdrawing, you should pay attention to the following:
Available Payment Methods
Not all deposit methods can be used for withdrawals too. You can check out all available withdrawal options by clicking on the green DEPOSIT button in the top right corner and then selecting Withdraw Money from the list on the left.
Verification and KYC Check
There are three types of KYC verification on Velobet. There are Proof Of Identity, Proof Of Address, and Proof of Credit Card. The third one is optional and will supposedly “unlock” credit card withdrawals. However, we were unable to test this.
Wagering Requirements Completion
If you’ve claimed the Velobet Casino welcome bonus, you have to pay attention to the wagering requirements. If you don’t fulfil them, you’ll only be able to withdraw non-bonus funds, and that’s likely to result in forfeiting all bonus funds you received.
Minimum Withdrawal Amount
The minimum withdrawal amount on Velobet is set at 20€ or the equivalent in a different currency. It’s not too high. In fact, we compared it to similar non-GamStop sites and found out 20€ seems to be the standard. Keep in mind, though, that individual payment methods might require higher minimum deposits.
Withdrawal Winnings Process at Velobet Casino
While Velobet payout time depends on which option you choose, the actual withdrawal process is the same across the board. It doesn’t differ too much from what you’d have to go through at other online casinos. Here’s what the whole process looks like:
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Log in to Your Velobet Casino Account:
If you don’t have an account yet, visit the website using one of the links provided on this page. If you do, make sure you’re logged into your Velobet Casino account. If you aren’t, click on the green login button and follow the instructions.
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Visit the Cashier/Banking Section:
Next up, you have to visit the cashier/banking section by clicking on the green DEPOSIT button. You can’t miss it – it’s located in the top right corner of the page. Once there, click on Withdraw Money button on the left side.
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Choose Your Preferred Withdrawal Method:
After landing on the withdraw money page, you’ll see a list of accepted payout methods. Click on the one you prefer and you’ll be taken to the page that’ll require additional details to finalize the withdrawal request.
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Enter Withdrawal Details:
The next step requires you to enter the desired withdrawal amount. Keep in mind that the minimum withdrawal is set at 20 GBP. Finally, you’ll have to authorize the transaction. This step depends on your chosen payment method.
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Submit and Await Processing:
After you’re done with entering the details, all that’s left to do is submit and await processing. The processing shouldn’t take too long, assuming you’ve already confirmed your identity on the account verification page.
Velobet Withdrawal Times Compared to Other Casinos
How does Velobet online casino payout compare to other similar online casinos like old-time legends MyStake and Rolletto? Well, our research confirms it’s either a level above or at the same level as most of its peers. Here’s what we’re referring to:
| Casino | Cashout Time | Withdrawal Methods | Payout Fee |
|---|---|---|---|
| Velobet | 1 to 3 business days | 5 | 0% |
| MyStake | 1 to 3 business days | 9 | 0% |
| FreshBet | 1 to 3 business days | 9 | 0% |
| Magic Win | Up to 5 business days | 1 | 0% |
| Rolletto | 1 to 3 business days | 5 | 0% |
| GoldenBet | 1 to 3 business days | 14 | 0% |
Velobet Payout Options in the UK
Velobet started out with just 5 withdrawal methods. Now, UK customers can choose between almost a dozen options to withdraw winnings on Velobet casino. They range from conventional methods like SEPA transfers to e-wallets like Neteller, and cryptocurrencies like Bitcoin and Ethereum. More info is available in the table below:
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Bank Cards:
Unfortunately, we couldn’t request withdrawals to our British VIsa and/or MasterCard credit cards. There’s a KYC verification that supposedly unlocks credit cards for withdrawals, but we couldn’t confirm whether it actually works for Brits or just doesn’t work for the dozen of our experts (unlucky).
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E-Wallets:
E-wallets enjoy massive popularity on online gambling sites. UK gamblers love them for their simplicity and transaction speed. Neteller is the only e-wallet that can be used to withdraw cash from Velobet.
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Cryptocurrency:
Velobet supports several cryptocurrencies. Bitcoin seems to be the most popular choice among crypto enthusiasts. But, this brand also features lesser-known coins like Ethereum, Bitcoin Cash, Litecoin, and several more.
| Payment Option | Payment Type | Min Withdrawal | Max Withdrawal |
|---|---|---|---|
| SEPA Payments | Banking Service | 20 GBP | 7,500 GBP |
| Neteller | E-wallet | 20 GBP | 2,000 GBP |
| Bitcoin | Crypto | 20 GBP | 7,500 GBP |
| Bitcoin Cash | Crypto | 20 GBP | 7,500 GBP |
| Ethereum | Crypto | 20 GBP | 7,500 GBP |
| Dash | Crypto | 20 GBP | 7,500 GBP |
| Litecoin | Crypto | 20 GBP | 7,500 GBP |
| Tether | Crypto | 20 GBP | 7,500 GBP |
| USD Coin | Crypto | 20 GBP | 7,500 GBP |
| Dogecoin | Crypto | 20 GBP | 7,500 GBP |
| Binance USD | Crypto | 20 GBP | 7,500 GBP |
Most Often Asked Questions About Velobet Withdrawal Time
What is the standard withdrawal time frame for Velobet Casino in the UK?
The standard Velobet Casino withdrawal time frame for UK gamblers is 1 to 3 business days. That’s the industry standard nowadays. We thoroughly checked the competition and the time frames are almost identical.
Do withdrawal times differ depending on the chosen withdrawal method?
Yes, they do depend on the chosen method. In other words, different withdrawal methods have different payout times. SEPA transfers typically take 2 to 3 business days, whereas most crypto transactions are processed within 12-24 hours.
Is there a minimum withdrawal processing time that players can expect in the UK?
The minimum withdrawal processing time for UK players depends on the payment option. According to our tests, crypto transactions were the fastest. They tend to arrive within 24 hours of requesting the withdrawal.
Can players cancel a withdrawal request at Velobet Casino if they change their minds?
Yes, players can cancel their withdrawal requests at Velobet Casino. But, withdrawal requests can only be cancelled if their status is unprocessed. If they’re already processing, you won’t be able to cancel.
