1Red Withdrawal

Best Withdrawal Options at 1Red

When it comes to cashing out in this casino, crypto is clearly the preferred method. Most of the supported withdrawal options fall under the cryptocurrency category, with a few alternatives, such as bank transfers and MiFinity, also available. Traditional e-wallets and card providers, such as Skrill and Neteller, are supported for deposits but not for withdrawals.

The top 3 crypto options for withdrawing:

• Bitcoin: A reliable option that’s widely supported by wallets and exchanges.
• Litecoin: Usually comes with lower fees and faster processing than Bitcoin.
• Ripple (XRP): Good for quick, low-cost transactions, especially for international transfers.

These crypto options tend to offer faster processing and fewer complications than standard banking routes. They also allow for greater control over transactions, which can make a noticeable difference if you frequently cash out or in larger amounts.

That said, it’s worth pointing out that while 1Red supports several methods for deposits, those same methods aren’t always available when it’s time to withdraw. That imbalance could be frustrating if you expect to cash out in the same way they funded your accounts.

1Red Withdrawal Time

Processing Time

This casino processes withdrawal requests within a timeframe of 0 to 48 hours. The internal processing period depends on factors such as account status and whether verification is required.

• Withdrawals are queued once requested and are usually processed within two business days.
• If identity verification is required, the 48-hour window begins after your documents have been approved.
• Faster processing is more likely for accounts in good standing that have recently completed verification.

Arrival Time by Method

Once a withdrawal is approved, the time it takes to receive the funds depends entirely on the payment method used. Here’s what to expect:

• Cryptocurrency: Often completed within minutes to a few hours, depending on network conditions.
• Bank Transfer: May take up to 3 business days after processing.
• MiFinity: Typically falls somewhere in between crypto and bank transfers, though delays can occur.

Note: USD withdrawals aren’t supported via bank transfer. Also, submitting incorrect wallet addresses or choosing the wrong crypto network may result in delays or failed transactions.

1Red Withdrawal Limit

To withdraw funds from this casino, players must meet a few basic conditions.

• Minimum withdrawal amount: €30
• Minimum deposit amount: €20
• Withdrawals are only available after you have played through your deposit at least three times. (This means if you deposit €50, you’ll need to wager at least €150 before requesting a withdrawal.) This wagering requirement applies to all deposits, even when no bonus is used, and aligns with the site’s anti-money laundering policy.

Funds won during gameplay are available for withdrawal right after the round ends, provided that any wagering requirements have been met.

Maximum Withdrawal Limits by Loyalty Level

Upper-level withdrawal limits are tied to the user’s loyalty tier. Higher levels allow for larger daily and monthly payouts.

How to Withdraw Money from 1Red

• Log in to your account.
• Go to your account menu.
• Select ‘Withdraw’ from the available options.
• Choose your preferred withdrawal method.
• Enter the amount you want to withdraw.
• Submit the request and wait for confirmation.
• Monitor your email or account dashboard for updates on the status of your withdrawal.

Verification Requirements

Before withdrawals can be processed, players need to complete the identity verification process (KYC). This is standard across most online casinos and helps prevent fraud and money laundering.

To get verified, players must submit valid documentation:

• Government-issued photo ID (passport, driver’s license, or national ID)
• Proof of address (such as a utility bill or bank statement, dated within the last 3 months)
• Proof of payment method (e.g. screenshot or photo of your wallet or payment account)

All documents must be in either the Latin or Cyrillic alphabet. If that’s not possible, the casino may request video verification, where the player is asked to show their documents live on camera.

Additional details:

• Fake or altered documents will lead to the confiscation of deposits and winnings.
• The review process usually takes up to one business day after submission.
• Withdrawals will not be processed until verification is completed in full.

Common Withdrawal Issues and How to Solve Them

Conclusion

1Red handles most of the basics well when it comes to payments, especially if you’re using crypto. The platform supports fast processing, and the withdrawal limits scale nicely with loyalty level. That said, there are a few downsides worth noting, like the limited selection of cash-out methods and the mandatory 3x wagering on deposits, even without bonuses. The mobile app is a nice touch, but if you plan to withdraw regularly, it’s best to stick with crypto options from the start and confirm your account is verified early on to avoid delays later.