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BetKing Withdrawal Methods

BetKing Withdrawal Methods

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publication - Jul 04, 2024

changed - Jul 06, 2024

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Every successful betting session ends in a happy payout. But how can you receive your winnings without any problems? Our professional editorial team created this article, and here you can find all the answers and receive the necessary instructions on withdrawing from BetKing shortly.

Before we begin, it is important to mention that BetKing is one of the biggest brands in the Nigerian market. Its popularity and variety of services make it one of the best available betting websites. We offer you the option to switch to another text about the BetKing platform if you want to learn more about it.

Instructions on BetKing Withdrawal

Instructions on BetKing Withdrawal

So, how do you withdraw money from betking? If you decide to make a withdrawal via any of the preferred methods, you should follow these instructions to receive your money safely and without any delays.

Step #1: Open BetKing

Visit the website or open the BetKing app to have an opportunity to start the process. Use your login and password to enter your account.

Step #2: Choose the Option

Observe the list of options. Check the conditions and indicate the necessary information and the amount you wish to receive. 

Step #3: Obtain Your Winnings

Wait for the transaction to complete to see your fund enter your bank account. It usually does not take much time.

Mobile App Withdrawal Process

The withdrawal process from BetKing can be made via its functional application. The process is very swift and looks similar to what you can do on the regular platform. You can select any option you like because everything you can find on the regular BetKing website is accessible in the app. Log into your account and visit the withdrawal page to choose your method and launch the transfer.

Payout via Lite Version

The lite version of the website is available on any outdated device. It has simpler elements and graphics to spare your device from overloading. Otherwise, this version works faster but offers the same number of options as any other version.

Types of Withdrawal Options

Types of Withdrawal Options BetKing

The bookmaker is popular among Nigerian punters because it offers a not-so-rich set of withdrawal methods. Sure, punters have a choice, but it is very limited. Continue reading to find out what options you have here.

Bank Cards

Bank cards are one of the most regularly used options. BetKing cooperates with many big local banks, allowing users to make fast deposits via Zenith, GTB, and other banks. However, be prepared that transaction time is a bit longer here, and you can possibly pay fees per transfer.

Unfortunately, BetKing does not offer to obtain your withdrawal to a bank card.

Electronic Wallets

Another widely used option is an e-wallet. It is safe, fast, and can be done without any commissions. One of the most popular e-wallets in Nigeria is Interswitch.

Unfortunately, BetKing does not allow its players to use this method as a withdrawal option.

Payment System

Paystack is one of the most wonderful solutions that is offered to Nigerian punters. Many online bookmakers offer this option as a convenient payout option.

However, BetKing accepts it exclusively for deposits.

Bank Transfer

Bank transfers can be made directly to your bank account. It is possible to select any of the offered banks, like Zenith and other local options. The transfer can take a bit more time and charge you extra fees.

Based on the support answers and our own research, the bookmaker only allows you to use commercial bank accounts to receive your winnings.

Cryptocurrency

This is a relatively new option that is not available on every online platform. It is one of the top-liked methods due to its anonymity and flash-like speed.

Unfortunately, BetKing also does not provide it to Nigerian punters.

Cash

Many bookmakers are ready to offer their users the chance to visit their betting shops to receive their rewards. BetKing, however, is not one of them.

There are no such options available at the moment. However, you can choose any of the electronic options and then withdraw the money from your bank account or card.

Conditions of BetKing Funds Withdrawal

Conditions of BetKing Funds Withdrawal

The bookmaker states its conditions for withdrawal transfer in the FAQ section and in the Terms and Conditions section. First of all, the limits for transfers established by the bookmaker help regulate financial flaws and prevent money laundering.

If it is your first withdrawal procedure, it may take more time due to the KYC process checks. The bookmaker will ask you to provide an ID. However, every new withdrawal will be processed faster.

Besides, one of the withdrawal conditions of the bookmaker obliges its punters to use the payout option similar to the one they chose for the deposit. However, there are other vital limitations you need to stick to.

The Minimum Withdrawal Sum

The BetKing minimum withdrawal is 1,000 NGN. It is relatively high for some players. It means to receive the payouts; a punter should accumulate the needed sum to have a chance to withdraw the rewards.

The Maximum Withdrawal Sum

The BetKing maximum withdrawal is 10,000,000 NGN per transaction. Punters can quickly receive a payout if they win a jackpot.

The Maximum Allowed Withdrawal Amount Per Day

If you wish to receive more funds in one day, it is also possible. Considering an opportunity to receive about 10,000 NGN per transfer, the amount per day can be larger. However, that depends on the payment method you choose.

Withdrawal Commissions at BetKing

BetKing states that it charges no commissions for any transactions. However, your payment system can charge you extra for every transfer, and with bank transfers, it usually occurs.

What Is the Withdrawal Transaction Processing Time at BetKing

The withdrawal time at BetKing does not require any long wait times. But in some cases, if there is a technical issue, it can take from several minutes to 24 hours. If we compare these conditions to the ones offered by other bookmakers, you will see that it is swift.

How to Check Pending Withdrawal Transactions at BetKing

Punters are not limited to tools on BetKing. Every launched transaction can be checked. You only need to visit your profile and go to the “Transaction List,” and in the payment history, you can observe all the transfers you made and their statuses.

Problems With Withdrawals at BetKing

Problems With Withdrawals at BetKing

The existence of an ideal situation is impossible. From time to time, there can be problems of a different nature. All of them can be easily solved. Further in the text, we will consider several of the most common troubles that can occur. Keep reading to see what to expect.

Problems Caused by Bettors

Sometimes, the indicated information is incorrect. That is why we advise our readers to check all the details before you confirm the operation. In this case, players can try to launch the operation again after they correct the details.

In some cases, punters try to receive back their deposits, and based on the rules of the bookmaker’s platform and based on BetKing withdrawal rules, it is prohibited to do so without wagering the money first. You can apply for support or play some games to activate your BetKing withdrawal.

Technical Problems

Another side of the coin shows that sometimes the bookmaker platform has some bugs. Therefore, the technical team will inform the users about the temporary maintenance of the site. Usually, the fixings take little time, and punters can proceed to place their bets in no time.

Why Can I Not Withdraw Money From BetKing?

One of the main reasons that you cannot receive a payout is noncompliance with the minimum withdrawal requirements. Check that the minimum amount on your balance is not lower than 1,000 NGN. In that case, withdrawal is simply impossible.

Where Can I Send a Complaint About BetKing?

If you have a complaint, you can contact support and leave it there, or use popular forums and express your problem there. In most situations, support can solve the problem.

How to Claim Pending Withdrawal from BetKing?

Pending withdrawal means that the bookmaker cannot proceed with it without your assistance. In most cases, it happens because a bookmaker is waiting for an ID from a player who is receiving money for the first time on the platform. The faster you provide the requested information, the quicker you will get your winnings.

Is There a Cashout at BetKing?

Is There a Cashout at BetKing?

Any reputable bookmaker does not miss a chance to attract more punters by offering a cash-out feature. BetKing is one of those who gladly provides its users with an opportunity to activate this option 24 hours in a non-stop regime.

So, the BetKing cash-out policy allows you to make it if you place single and multi-bets. Any combo bets are excluded from the offer. Once you activate a cash-out, you need to wait for it for some time. Besides, if the bet was suspended, the cash out is impossible. The cash-out amount is calculated based on the current odds and other aspects that happen when you activate the option.

Isa Idowu
Author Isa Idowu
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