Velobet is a comprehensive gambling platform offering sports betting, live betting, esports, virtual sports, casino games and live casino. Since 2020, it has been operating under a Curaçao licence, but strictly adheres to European licensing standards: standard KYC procedures are in place, and the platform maintains a generally very transparent information policy.
Welcome bonus
Velobet offers not just one sports betting bonus for new customers, but three different offers. Two of these are specifically designed for sports betting – one for sports betting using traditional payment methods, and the other for cryptocurrencies.
The welcome bonus for traditional sports betting offers you the chance to receive up to a staggering £1,000 in extra credit, with a bonus value of 150 per cent. This is above the average. The minimum deposit is £10.
Unfortunately, the wagering requirements are quite strict. You must wager the sum of your deposit and bonus 15 times before you can withdraw any funds. Fortunately, you have 30 days to do so.
This offer applies exclusively to accumulator bets. The minimum odds of 1.30 for the wagering requirement are quite reasonable.
Deposits and withdrawals
To make a deposit, log in to Velobet https://znaki.fm/casino/velobet/ and click ‘Deposit’ in the top right-hand corner. You will then be offered the following payment methods: Visa, Mastercard, Bitcoin, Skrill, NETELLER, paysafecard, Ethereum, Litecoin, Bitcoin Cash, Ripple, Dash, Monero and USD Tether.
You can also buy Bitcoin directly – for example, via PayPal or bank transfer! Deposits are processed instantly, and there are no fees. The minimum deposit is £1. For various cryptocurrencies and Mastercard, there is no maximum deposit limit, which should please high rollers in sports betting. Deposits in Bitcoin are capped at £100,000.
Withdrawals are processed – where possible – using the same method as deposits. The minimum withdrawal amount is £20, and the maximum is £10,000 per transaction. Compared to the maximum deposit, a payout of £10,000 is, of course, rather meagre, but it is still considerably higher than what many competitors offer.
The fastest payouts are available via cryptocurrencies, such as sports betting on Ethereum. Here, you only have to wait a few minutes for your winnings. There is usually no withdrawal fee. However, if you have not even wagered your deposit and still request a withdrawal, a 10 per cent fee will be charged.
Mobile app
The Velobet app is a web app. This means you don’t need to download or install anything to place bets on your mobile device. Simply open your browser on your smartphone or tablet, go to our Velobet review and click on one of the links to the bookmaker’s website. The mobile app will launch straight away.
During none of our visits did we encounter any restrictions compared to the desktop version. We were able to carry out transactions, contact customer support, place live bets and buy bitcoins via the app without any issues.
In terms of layout, the app is quite similar to the desktop version, although everything has been optimised for mobile devices and is therefore arranged and scaled slightly differently. The loading time is also very good.