Kyngs Withdrawal

Kyngs Verification and Withdrawal

We already discussed all sport betting opportunities, bonuses and casino games at Kyngs, so it’s time to focus on their withdrawal policy. Sooner or later, you will need to cash out winnings, so make sure to check the information below because it may save you a lot of time and effort when it’s time for withdrawals.

When we reviewed the verification process and withdrawal conditions we didn’t detect any unfavourable aspects. Still, keep in mind that there are some imperfections we’ll discuss so that you know those when planning your deposits and withdrawals.

Kyngs Payment Conditions – Methods, Deposits, Withdrawals

The first thing to talk about are the payment methods. Kyngs accepts a wide variety of options including bank cards, bank transfers, e-wallets like Skrill and Neteller, numerous cryptocurrencies like BTC and ETH, prepaid cards like Paysafecard and mobile systems like Apple Pay and Google Pay. All those are available for deposits, but some do not process withdrawals, so think twice when depositing.

We say so because Kyngs strives to use matching methods, meaning that deposits and withdrawals are processed via one system. For example, Skrill and Neteller plus all cryptocurrencies are available for both deposits and withdrawals. However, Apple Pay and Google Pay cannot process withdrawals, so your winnings should be sent via different methods – bank transfers in the common case. This means more KYC checks, potential fees and more time till you get your money.

Considering minimum deposit requirements, the amount is generally €10 if the method allows. Most do, but some options can be expensive. Examples are the cryptocurrencies, as the minimum deposit is €50 for BTC, ETH, and USDT and a whopping €160 for Solana, which is way too much. It’s the same with the minimum withdrawals – generally €20 for fiat methods but €50 for most cryptocurrencies and €160 for SOL.

The maximum withdrawal amounts will depend on VIP status. For example, new players are limited to up to €700 per day, €2250 per week and €9000 per month, while higher VIPs benefit from extended limits – up to €2000 per day, €10,000 per week and €40,000 per month. The limits are fair, and keep in mind that withdrawals unlock only after all deposits are wagered once – an AML measure imposed by all betting sites. The withdrawal processing times do not exceed 72 hours, but in most cases Kyngs manages to deal with the matter within a few hours.

The Verification Process at Kyngs

Kyngs is a licensed betting site, as we’ll soon explain, so it makes sure to follow all international gaming rules and regulations. This includes KYC and AML compliance, meaning that players will be required to pass verification sooner or later. First and foremost, make sure to provide accurate personal details, including your full name, date of birth, and address. If the information is not correct, you may not be able to complete verification, which is a real problem for you.

According to the Terms and Conditions, verification is not mandatory before withdrawals. However, If your account is flagged for verification (after reaching certain deposit or withdrawal thresholds – €500 or more) you’ll be required to submit verification documents. The first step is the so-called CDD, where you need to provide documents confirming identity and address. Those include valid government-issued ID such as a passport, national ID card or driver’s license, plus a recent utility bill or a bank statement (for address verification).

In some cases, Kyngs may require additional verification steps (the so-called EDD)  to further confirm your identity or the source of your funds (SoW verification). This may include a selfie while holding your ID or providing income documentation for high-volume transactions. A video call may also be requested to complete verification.

Lastly, keep in mind that Kyngs reserves the right to carry out additional checks in time. Be honest with the betting site and always provide accurate information to avoid any problems. KYC and AML are serious procedures you shouldn’t overlook, but all in all, the verification process doesn’t include anything complex or hard to understand.