There are many things to enjoy that a betting platform may offer. You might spend countless hours wagering, or at the casino slots, you can take advantage of different markets, live features, and so on. But it won’t matter if there’s no way for you to add money to your account. Or, what’s worse, the withdrawal process will be complicated. These aspects differ from platform to platform.
Our article will look at how payments work at 1xBet, a large international betting platform that is among the most well-known ones in the world. In particular, we will cover the market in Nigeria. We will try to explain everything in great detail and even compare it to what the competition offers.
How to Deposit Money in 1xBet
There’s nothing too tricky about moving the funds to your account using any payment method. Still, we’d like to discover every process step in detail to clarify things. Let’s start.
Head to the platform, whether it’s the site or the app, and log in to your account.
Click on “Deposit” at the top right and opt for the most suitable payment method.
Follow the steps as indicated, including filling in your payment details and amount.
Receive a message confirming that your payment is being processed.
How to Withdraw From 1xBet
The withdrawal procedure is also incredibly uncomplicated. The terms and conditions aren’t difficult to meet. For separate methods, things might take different times, but the payout is processed quickly, in most cases not taking more than a day. Let’s look at every step of the process, so you will have an even more precise idea of how to move the funds.
Navigate to the betting platform and sign in to your player account.
Select “Payments” in the top left corner of the screen and click “Withdraw.”
Pick one of the methods, enter the sum and other data as requested, and confirm. Expect funds from a few minutes to a few days, depending on the withdrawal method.
Deposit Methods on 1xBet
Adding money to your account’s wallet is the second step in using any bookmaker. The punters start moving their funds immediately or sometime after registering. The welcome bonuses rarely provide free bets without depositing first. So in the majority of cases, it’s impossible to wager without moving the money. Let’s look at how you can transfer the funds into your 1xBet account.
Overview of Offered Deposit Methods
The website doesn’t offer many options for Nigerian punters, but they will likely be more than enough for many players. For example, you can use payment systems and e-wallets such as Skrill, Perfect Money, Neteller, Monnify, Flutterwave, Paystack, and EcoPayz. There’s also a credit card transfer option, which is PaySafe, Palmpay, and Opay. And, what’s rare among bookmakers, 1xBet supports various cryptocurrencies, including Bitcoin. And last but not least, there is the platform’s own system, named 1xBet Cash.
Pros and Cons of Each Method
As every coin has two sides, the offered methods also have certain limits and advantages. Let’s take a look at some of them.
| Method | Pros | Cons |
|---|---|---|
| Skrill | Fast and secure | Not very popular across Nigeria |
| Perfect Money | Very convenient | Not widespread in the country |
| EcoPayz | A safe solution that’s been on the market for a long time | Various account limitations |
| PaySafe | Quite commonly used in the country Very safe | Poor user interface |
| Payment system (Monnify, Flutterwave, Paystack, Palmpay, Opay) | Quick and convenient | Some of them are new to Nigerian users |
| 1xBet Cash | Native to the platform; provides all sorts of integrations. | Lack of information about this payment solution |
| Cryptocurrency | Offers more flexible possibilities Doesn’t depend on your location | May be challenging to use without experience There might be some limits on such wallets. For example, not all bonuses can be applied to them. |
Deposit Methods: Compared to Competitors
While the platform’s options will meet the needs of many punters, it’s always interesting to check out how they would fare against the competition. So let’s compare it to some other bookmakers in Nigeria.
| Method/Platform | 1xBet | Bet9ja | BetKing |
|---|---|---|---|
| Credit Card Transfer | – | + | + |
| Bank transfer | – | + | + |
| Skrill | + | – | – |
| Astropay | – | – | – |
| EcoPayz | + | – | – |
| Sticpay | – | – | – |
| Perfect Money | + | – | – |
| Monnify | + | – | – |
| Flutterwave | + | – | – |
| Paystack | + | – | – |
| Opay | + | – | – |
| Palmpay | + | – | – |
| Cryptocurrency | + | – | – |
| Paydirect | – | – | + |
| Quickteller | + | + | + |
| PayPal | – | – | – |
As you see, the options are too different to draw direct comparisons. For example, 1xBet has many payment systems supported for deposits, but not all of them, including the solutions popular in Nigeria, such as Paydirect and Quickteller. On the other hand, there are 1xBet crypto options, which provide a clear advantage over other bookmakers.
Withdrawal Methods on 1xBet
While you can’t start betting without depositing first, the withdrawal issues might present other difficulties. And that’s because everyone wants to have a chance to receive their winnings in their bank account or through their preferred payment system. Let’s check out the options that 1xBet Nigeria provides.
Overview of Offered Withdrawal Methods
Surprisingly, the platform offers more ways to withdraw your funds than there are depositing options. It supports direct bank card transfers to MasterCard. Besides Skrill and Perfect Money, you can use any electronic wallet you like; the list now includes AstroPay, WebMoney, and SticPay. 1xBet Cash, EcoPayz, Payeer, Monnify, Flutterwave, Paystack, Opay, and Palmpay also provide their services to the platform’s users, and the list of supported cryptocurrencies is still impressive.
Pros and Cons of Each Method
There are many ways to withdraw your funds from 1xBet, and some have certain downsides. Thankfully, more often than not, they have advantages that make using the payment solution worth it. Let’s review all of them.
| Method | Pros | Cons |
|---|---|---|
| MasterCard transfer | – Very commonly used, a large percentage of people have the card – Very safe – Top-notch technical support | Sometimes, it can be slow to process |
| Direct Bank Transfer | – Safe – Secure – Widely used everywhere | The withdrawals might take a few days |
| Transfer through payment systems (Monnify, Flutterwave, Paystack, Opay, Palmpay) | – Fast and secure – Wide choice of options | May require account verification |
| Skrill | – A reliable and well-known service | Strict verification policies |
| Perfect Money | – User-friendly – Very easy to join | Not popular in Nigeria |
| Astropay | – A well-known payment system that has existed on the market for a long time and has many clients | Not commonly used in Nigeria |
| Sticpay | – Easy to use and genuinely international | It could be more reliable |
| 1xBet Cash | – Fully integrated within the platform | Not much information is provided about the service |
| Cryptocurrency | – Not location dependent | A bit difficult to use without previous experience |
Withdrawal Methods: Compared to Competitors
The list of withdrawal methods provided by 1xBet is comprehensive by Nigerian standards. For example, it would be challenging to find cryptocurrency among the offers by other platforms. It’s time to examine the competition’s offers and see how 1xBet fares against them.
| Method/Platform | 1xBet | Bet9ja | BetKing |
|---|---|---|---|
| Credit Card Transfer | + | + | – |
| Bank transfer | + | + | + |
| Skrill | + | – | – |
| Astropay | + | – | – |
| Sticpay | + | – | – |
| Perfect Money | + | – | – |
| Cryptocurrency | + | – | – |
| Monnify | + | – | – |
| Flutterwave | + | – | – |
| Paystack | + | – | – |
| Opay | + | – | – |
| Palmpay | + | – | – |
| Paydirect | – | – | – |
| PayPal | – | – | – |
| Quickteller | – | – | – |
What’s clear is that the options differ significantly between the platform and the competition. All three offer direct bank transfers. None of these platforms supports PayPal, which is a bit unfortunate since it’s a relatively common solution worldwide. Regarding other payment systems, 1xBet features more payout methods and is much better than the two other platforms we’ve reviewed. This isn’t similar to the list of deposit solutions, where all three platforms were comparable in their results.
Deposit and Withdrawal Processes: Compared to Competitors
1xBet provides many transfer options that are superior to those offered by many other bookmakers operating in the region. It’s also impressive that it’s quite easy to transfer the funds. All you have to do is go through a few simple steps to either deposit or withdraw money from 1xBet. The support of cryptocurrencies can make the procedures faster and even more straightforward if you know how to use them.
It’s also important to mention that moving the funds is very fast. Apart from banking card transfers, all methods process transactions in minutes.
1xBet Limits and Charges
Limits are put in place for the smallest and maximum amount to transfer. They usually depend on the exact solution, so the bookmaker itself doesn’t play a significant role. Although, 1xBet cash will be an exception since the platform itself operates it.
An Overview of Fees and Limits at 1xBet
The minimum amount is relatively low for almost all payment systems for depositing and withdrawing. For moving the funds onto 1xBet’s account, the lower limit is around 500 NGN for all methods except the prepaid PaySafeCard, where it’s over 1,000 NGN. If you want to withdraw, the limit will be higher: 1,000 NGN for every platform. The platform doesn’t specify the maximum sum, which leads us to believe it’s likely huge.
Speaking of the service fees, they don’t apply to any withdrawal or deposit methods, so you won’t pay any charges.
Fees and Limits: Compared to Competitors
Most serious competitors also don’t charge the users for moving the funds. In some cases, they cover the fees themselves. Some also provide lower minimum deposit and withdrawal limits, but the 1xBet’s one is pretty good. Another feature of the platform is that it doesn’t have set upper limits, so they are likely very high if they exist.
User Feedback
For sure, 1xBet pays its users, but issues can arise occasionally. According to reviews, the company prefers the players to withdraw using the same method they deposited. They sometimes may ask you to go through the KYC (Know Your Customer) verification procedure which is a totally standard practice, albeit cumbersome. The usage of cryptocurrencies doesn’t seem to feature any of 1xBet withdrawal problems. The platform’s terms and conditions for transferring the funds are far from strict, making moving the money very accessible.
Conclusion
1xBet aims to make betting even more enjoyable for its players. Being an international platform, this bookmaker tries to cover many markets and provide different options for each based on what services work in the country. In Nigeria, the list of payment solutions is pretty good. There are plenty of ways to deposit your money and even more ways to withdraw your funds, so don’t hesitate to join 1xBet if you are searching for a service with a cup of tea for everyone.
Want to learn more about the bookmaker? Our main review of 1xBet in Nigeria will provide insights into how the platform functions. We also have other texts that may help you better understand the sportsbook’s features.
FAQ
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