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Withdraw from Nairabet Nigeria | A Detailed Online Guide

See how Nigerian punters can withdraw from Nairabet. Explore this betting site’s withdrawal methods, processing times, limits, fees, and other criteria.

Anders Roland Kjemtrup
A.R. Kjemtrup

Last Updated: 2024-07-11

W.A. Goodchild

6 minutes read

Nairabet
Licenses: Nigeria
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    When you start betting at a bookmaker, one of the first things you’ll want to know is how the withdrawals work. That’s why we explore the withdrawal options at this bookie and any other essential information. 

    We discuss how to facilitate a cash withdrawal for Nairabet, how long it takes to receive a payout, and whether there are any fees.

    Step-By-Step Guide On How To Withdraw Money From Nairabet

    If you’re ready to cashout, follow our step-by-step guide showing you how to withdraw money from Nairabet.

    1. 1

      Click on your “Account” button on the Nairabet mobile app or desktop site

      image.png

      Image Credits: Nairabet

    2. 2

      Select the “Withdrawal” option

      image.png

      Image Credits: Nairabet

    3. 3

      Choose one of the available banks

      image.png

      Image Credits: Nairabet

    4. 4

      Add the withdrawal amount

      image.png

      Image Credits: Nairabet

    5. 5

      Click the green “Withdrawal” button to initiate the payout

    How To Withdraw Money From Nairabet Account 

    If you’re wondering how to withdraw money from your Nairabet account, then no worries. We looked into it for you. Withdrawing is a relatively simple process at this bookmaker. All you have to do is choose which bank to withdraw to and how much you want to withdraw.

    Note that the Nairabet withdrawal rules state that you can only withdraw from the “Withdrawable Cash Balance” in your cashier. 

    Some users ask, “But can’t someone withdraw twice a day on Nairabet?” The answer is simple: you can withdraw as many times as you want each day. The only factor limiting you from withdrawing is the maximum daily withdrawal limit. 

    Another thing you might wonder is, “Can I withdraw money returned to me in Nairabet?” If by ‘return’, you mean an amount you deposited and used to bet but had returned due to the match being cancelled or something similar, then the answer is ‘it depends’. 

    Funds must be used with the bookie’s services 1x before you can withdraw it. If you receive the funds back due to a cancelled match or something similar, it might not count towards having used the funds.

    Withdrawal Options

    While there are several payment methods to make deposits, this bookmaker only allows withdrawals using one: bank transfer. All withdrawals are made directly to your registered bank account. 
     

    You can register and verify multiple bank accounts, but no other withdrawal methods are available according to the terms and conditions of the Nairabet withdrawal policy.

    Nairabet Withdrawal Time  

    The next question we answer is, “How long does a Nairabet withdrawal take?” One factor which makes this casino exceptional is its instant payouts. The bookmaker instantly processes and pays out your winnings. 
     

    This fast processing time means there’s a straightforward answer to the question, “Does Nairabet pay on the same day as the withdrawal request?” The answer is yes, same-day withdrawals are possible. 
     

    However, it all depends on when you make the request and the amount you requested. Sometimes, the withdrawal might take up to 24 hours, though this doesn’t happen often.
     

    Further, you might wonder, “Does Nairabet withdraw on weekends?” We’re happy to report that they do. The bookmaker is available 24/7, so your withdrawals will process equally fast, whether on weekdays or weekends.

    Minimum And Maximum Withdrawal Limits

    Another frequent question is, “Can I withdraw ₦1,000 from my Nairabet account?” We dug a little deeper into the withdrawal limits. In doing so, we saw that while the maximum withdrawal limit is ₦10 million per day, the Nairabet minimum withdrawal limit is ₦1,000. 

    As such, you can’t withdraw less than ₦1,000, but you can keep making withdrawals until you reach the ₦10 million limit.  We have no issue with this limit. While it’s higher than some other betting sites in Nigeria, which might boast ₦100 or ₦300 minimum limits, it’s still a reasonable amount.

    Withdrawal Fees

    While there’s a ₦1,000 minimum withdrawal on Nairabet, the casino stands out by not adding any withdrawal fees. What you withdraw is what you get from this sports betting platform unless your bank levies any fees on the withdrawal.

    How To Sign Up For A Nairabet Sportsbook Account

    When signing up at the Nairabet website, you can follow our step-by-step guide to register with minimal fuss:
    1.    Press the “Join” button at the top of the screen
    2.    Add your mobile number
    3.    Select the state you’re in and create a password
    4.    Send a registration code, which you enter into the blocks
    5.    Create your Nairabet account, and add your details to your profile
    6.    Verify a bank account to complete the KYC process

    What Sports Can You Bet On At Nairabet?

    This bookmaker offers over 20 sports and esports. Nigerian punters can wager on popular sports in the betting market, such as football (soccer), baseball, table tennis, basketball, tennis, and ice hockey. While there isn’t the massive variety some top-ranking international bookies boast, there’s a decent selection of sports, ranging from rugby and darts to cricket and boxing.

    Verification Process

    Before starting your betting experience on this platform, you must complete the verification process. To verify your account, you can either accept the “Validate Bank Account” suggestion upon registering or access it later in your account. 

    You add your bank details and save them, and the software automatically validates them. Once the bank account is validated, you can start wagering, claim free bet bonuses, or withdraw.

    Withdrawal Problems 

    While it doesn’t happen often, you might have trouble withdrawing. We identify a few different reasons why you might not be able to withdraw and suggest some solutions:

    ●    Have you met the playthrough requirements? 
    If you withdraw money without meeting the playthrough requirements, then the withdrawal will fail. You can see how much money is available for withdrawal in your cashier, which gives you an idea of how much you still have to wager before withdrawing.

    ●    Is your account verified? 
    An unverified account can’t facilitate withdrawals. To withdraw, you must have a verified bank account in your profile. Check that your bank account is verified, and if it still doesn’t work, contact support.

    ●    Are you above the minimum required amount? 
    To be eligible, you must withdraw at least ₦1,000. The bookie won’t accept anything less than that amount.

    ●    Are you trying to make a high withdrawal on Nairabet? 
    Remember that you can only withdraw up to ₦10 million per day. If you’ve made multiple withdrawals, you might have already reached the maximum limit.

    ●    Computer-related problems: 
    If none of the above reasons apply, try logging out and back into your account. Also, check that your internet is working and that you’re not experiencing computer-related problems.

    If you’ve tried all the above solutions and still can’t withdraw, it might be time to contact customer support. The Nairabet agents are available 24/7 through live chat and can help you solve withdrawal problems.

    Is Nairabet Legit?

    Nairabet operates using a licence from the National Lottery Regulatory Commission. It’s also a member of the ANB (Association of Nigerian Bookmakers), which means it’s a legitimate platform that Nigerian punters can enjoy. Further, Nairabet offers industry-standard security measures that ensure it’s a safe platform for punters.

    Responsible Betting

    An essential part of betting at Nairabet is following responsible gambling practices. There are various steps you can take to prevent problem gambling behaviour. These steps include not betting when upset, angry, or depressed and not spending money you can’t afford to lose. 

    Always ensure you gamble responsibly by researching team/player statistics and understanding that wins are never guaranteed.
     

    Anders Roland Kjemtrup
    Anders Roland KjemtrupSports Betting Editor

    Anders is an iGaming specialist with 7 years experience in content creation and strategy implementation in both the casino and betting industry across diverse markets with main focus on the Nordics.