1Red Withdrawal Guide - Fast Payouts, Methods, and Limits

The 1Red withdrawal time is based on a number of aspects, like whether you've used the payment methods to deposit at the casino, as well as the type of withdrawal option you've opted for.

In most cases, and as I've come to learn, first-time payouts take the longest. This is because you'll need to verify your identity by completing the casino's know your customer checks.

I had to scan and upload a copy of my identity document, as well as proof of address, for my first withdrawal at 1Red. So all in all, I waited an additional 24 hours to get my initial payout, but thereafter, all cashouts were speedy.

I've come to learn that credit and debit cards, as well as bank transfer payouts, take longer as it is dependent on bank approvals.

E-wallets are best for fast 1Red withdrawals; in fact, they are almost instant after approval. In most cases, you'd wait a few minutes for your money.

Cryptocurrency payouts are fast gaining in popularity due to their speed. There may be some delays due to network congestion if there are too many transactions waiting for approval from the blockchain, but in most cases, this is rare.

1Red withdrawal limits are specific to the payment method you're using to cash out. When requesting a payout with Visa and Mastercard, you'll need a minimum of €45, and the maximum amount allowed is €7,500.

The minimum and maximum limits apply to ewallets, so a minimum of €45 and a maximum of €7,500. The bank transfer option, on the other hand, requires a minimum of €500 and a maximum of €5,000.

Cryptocurrency payouts via Bitcoin, Ethereum, Tether, Ripple etc, have varied limits which are subject to the specific coin you're using. As it stands, DOGE and LTC have the biggest withdrawal caps, while BTC and ETH are lower but often preferred for stability.