Deposits and withdrawals are key to any real money gambling site. That’s why we’ve dedicated an entire review to the banking process at 20Bet Casino. Since this is one of the newer casinos, players often have a lot of questions concerning the money side of things, which is why we’ve tested the casino’s banking process for you. We’re here to report that it’s quick and safe, and works well for Canadian players. We’ll cover the payment methods accepted at 20Bet, along with their cash out timeframes and other details in this review.
In general, you will find that banking at 20Bet is smooth. Highlights include a 12 hour withdrawal process, which is definitely on the quick side of average. They do accept Interac, but are missing Apple Pay and a couple of other popular Canadian payment methods.
On the other hand, you can pay with Bitcoin and other cryptocurrencies such as Litecoin and Ethereum. If you’re a crypto head, then this can certainly make things easy. 20Bet is based in Europe but rest assured that they also bank in the Canadian dollar.
As with most online casinos, 20Bet Casino does not charge any fees for deposits or withdrawals. However, sometimes your payment method may charge a fee on their end. We’ve listed the payment methods they accept in the table below, with their respective limits and timeframes.
While we do miss Apple Pay, iDebit and Instadebit, Canadian players will find that there are enough payment methods to choose from at 20Bet Casino.
20Bet Casino Deposit Limits – Minimums & Maximums
With most payment methods, you can deposit as little as $10 into your 20Bet Casino account and if you use Astropay, a virtual prepaid card, it can be as little as $5. If you are paying in crypto, then the minimum amount goes up to $75.
Do remember though that if you want to claim their bonus, then it’s a minimum deposit of $30.
For our super high rollers, the upper limit is at $1,000,000, depending on your payment method.
20Bet Casino Withdrawal Times
When it comes to cash out, 20Bet does a great job. There is no pending period and if you’re using an e-wallet, then the money can be on your end within 12 hours. The cash out time is certainly fast compared to most other online casinos that often take 24 to 48 hours to process withdrawal requests.
Do remember though that your payment provider may need additional processing time. Withdrawals to credit cards for example will take 3 to 5 work days, sometimes going up to 7 ,depending on your bank.
20Bet Casino works 7 days a week. That means your cashout will be processed on weekends and on holidays, unlike at some other casinos that only process withdrawal requests on business days.
20Bet Withdrawal Limits & Fees
The minimum amount for cashing out at 20Bet is $10. In terms of maximum withdrawal amounts, the limits are:
$4,000 per day
$10,000 per week
$40,000 per month
This is pretty decent. If your winning is above $4,000 then it may be divided into multiple payments according to the limits until you receive the full amount.
20Bet does not charge any fees for withdrawals.
“20Bet VIPs have higher limits for both deposits and withdrawals. The exact amount will depend on your VIP level. If you’re looking to up your limits, check with your account manager to see what they can do for you!”
Vienne Garcia – Author and Casino Expert
Our Casino Banking Tip for Canadians
You might already be aware that many of the major Canadian banks like CIBC and TD don’t accept payments from online casinos. That means withdrawals via bank transfer may not be a possibility for you. If that’s the case, we suggest going for an e-wallet like Ecopayz. E-wallets have the added benefit of having the fastest cashouts too. If you like to play on the mobile casino, you could also consider using Jeton.
Jeton is a mobile wallet that works on both iOS and Android, making it a great choice if you have multiple devices on different operating systems. You can download the app from the App Store and Google Play.
Account Verification
You will have to verify your account before your first withdrawal. This is the case with all licensed online casinos. There’s no way around it and it’s best to do it sooner rather than later. At 20Bet, you will have to supply copies of the following documents for account verification:
Photo ID with your name and date of birth, such as your passport
Photo of your payment method, or a screenshot if you’re using an e-wallet
A document such as a bank statement or bill that shows your name and address, not more than 3 months old.
Summary of 20Bet Casino Canada Banking
While our review team feels that there could be more popular Canadian payment methods like iDebit and Apple Pay at 20Bet Casino, you can definitely manage with the numerous payment options available, including Bitcoin and other cryptocurrencies.
We were well impressed with the withdrawal times here, with a 12 hour cashout if you’re pulling to an e-wallet. All of this is available with no fees. The banking service at 20Bet Canada is smooth and Canadian players will have no issues here.
20Bet Casino Banking was tested and reviewed by Vienne Garcia
I’ve been working in the online casino landscape in Malta for more than 10 years and have seen how the industry works from customer service roles to the backend of the business. While I am lucky enough to call myself a native on the sunny island called Malta, I also enjoy travelling and have travelled across Canada! After wandering through the great white north, I have decided to share my knowledge and now work with Canadian players to compile accurate casino reviews to help players navigate through the hundreds of gaming sites online.
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