How to Withdraw and make a Deposit on Binomo
How to Withdraw Funds from Your Binomo Account
Binomo Withdrawal Payment Methods
If you are a trader on Binomo, you might be wondering how to withdraw your funds from the platform. Binomo offers a variety of payment methods for its users, depending on their location and preferences. We will explore some of the most popular and convenient options for withdrawing funds from Binomo.
Bank Cards
The first option is to use a bank card, such as Visa or Mastercard. This is a simple and secure way to transfer your funds directly to your bank account. The processing time can take from 1 to 12 hours to credit funds to your bank card.Please note:
- Bank card withdrawals are only available for cards issued in Ukraine, Turkey, or Kazakhstan;
- Indonesian traders can use JCB bank cards to cash out their funds
E-wallets
The second option is to use an e-wallet, such as Skrill, Neteller, Perfect Money, WebMoney, and more. These are online platforms that allow you to store and transfer funds electronically. They are fast, convenient. Withdrawals to e-wallets are available for every trader who has made a deposit.
Bank Transfers
The third option is to use a Bank Transfer. Bank account withdrawals are only available for banks of India, Indonesia, Turkey, Vietnam, Philippines, Thailand, Colombia, Argentina, Chile, South Africa, Mexico, and Pakistan. Bank transfer is a safe and reliable way to withdraw your funds from Binomo, as it does not involve any third-party intermediaries or online platforms that might pose security risks.
Binomo withdrawal payment methods are diverse and flexible, allowing you to choose the one that suits your needs and preferences.
How to Withdraw Funds from Binomo: A Step-by-Step Guide
Step 1: Log in to your Binomo account and click on the "Cashier" button on the top right corner of the screen. You will see your balance and the available payment methods for withdrawal.
In the mobile app: Open a left-side menu, choose the “Balance” section, and tap the “Withdraw” button.
Step 2: Choose the payment method that suits you best. Binomo supports various payment options, such as bank cards, bank transfers, and e-wallets. You can only withdraw to the same payment method that you used to deposit. For example, if you deposited with a Visa card, you can only withdraw to a Visa card.
Step 3: Depending on your chosen withdrawal method, you will be prompted to provide relevant information. For bank transfers, you may need to input your bank account details, including the account number and routing information. E-wallet withdrawals may require the email address associated with your e-wallet account. Follow the instructions provided by Binomo and accurately enter the requested details.
Enter the specific amount of funds you wish to withdraw from your Binomo account. Ensure that the requested amount does not exceed your available balance.
Step 4: You will see a confirmation message and a withdrawal request number.
You can also check the status of your withdrawal request in the "Transaction History" section.
Step 5: Receive your funds in your chosen payment method. Depending on the payment method and your bank, it may take from a few minutes to 12 hours for the funds to arrive in your account. You can contact Binomo’s customer support if you have any questions or issues regarding your withdrawal.
That’s it! You have successfully withdrawn your funds from Binomo.
What is the Minimum and Maximum Withdrawal limit on Binomo
The minimum withdrawal limit is set at $10/€10 or the equivalent of $10 in your account currency.
The maximum withdrawal amounts are as follows:- Per day: a maximum of $3,000/€3,000 or an equivalent amount in your account currency, not exceeding $3,000.
- Per week: a maximum of $10,000/€10,000 or an equivalent amount in your account currency, not exceeding $10,000.
- Per month: a maximum of $40,000/€40,000 or an equivalent amount in your account currency, not exceeding $40,000.
How long does Binomo Withdrawal take
It usually takes payment providers from 1 to 12 hours to credit funds to your bank card. In rare cases, this period may be extended up to 7 business days due to national holidays, your bank’s policy, etc.
If you’re waiting longer than 7 days, please, contact us in the live chat or write to [email protected]
Are there any Withdrawal Fees and Commissions on Binomo?
We typically do not impose any commissions or fees for withdrawals.
However, there is a withdrawal limit without a fee for India. If you are from India, you can make a withdrawal once every 24 hours without incurring a commission. If you exceed this limit, a fee of 10% will be applied.
Additionally, in rare instances, payment service providers may charge a commission for currency conversion if your Binomo account and payment method use different currencies. However, Binomo will cover this commission on your behalf, and the amount will be automatically refunded to your account.
Note. Please note that if you make a deposit and decide to withdraw before engaging in trading activities, there is a possibility of a 10% commission.
How to Deposit Funds on Binomo
How to Deposit Funds on Binomo
Binomo Deposit Payment Methods
Below are the main deposit methods on Binomo that you can use to fund your account and start trading. Each method has its own advantages and disadvantages, so you should choose the one that suits your needs and preferences. You should also be aware of the fees and commissions that may apply to each method, as well as the processing time and security measures.
Credit or Debit cards
The first deposit method on Binomo is a credit or debit card. This is the most convenient and widely used option, as it allows you to instantly fund your account with any Visa or Mastercard card. To use this method, you need to enter your card details, such as the card number, expiry date, and CVV code. You also need to verify your identity by providing a photo of your card and a proof of address. The minimum deposit amount for this method is $10.
E-wallets
The second deposit method on Binomo is an e-wallet. This is a fast and secure option that lets you use various online payment services, such as Skrill, Neteller, Perfect Money, WebMoney, Jeton, and more. To use this method, you need to have an account with one of these services and link it to your Binomo account. You can then choose the amount you want to deposit and confirm the transaction. The minimum deposit amount for this method is $10.
Bank Transfers
Binomo offers a convenient and secure method for traders to deposit funds into their trading accounts using bank transfers. Bank transfers provide a reliable way to deposit funds, particularly for those who prefer traditional banking channels. You can initiate a bank transfer from your personal bank account to the specified account details provided by Binomo. The minimum deposit amount is $14.
How to Deposit Funds on Binomo: A Step-by-Step Guide
Step 1: Log in to Your Binomo AccountVisit the Binomo website and enter your login credentials to access your trading account. If you don’t have an account yet, you can create one by signing up on the Binomo platform.
Step 2: Access the Deposit Page
Once you are logged in, navigate to the deposit page. Click on the "Deposit" button, which is typically located in the top right corner of the page.
Step 3: Select the Deposit Method
Binomo provides several deposit options to accommodate the diverse needs of traders. These include credit/debit cards, e-wallets, and bank transfers. Select the option that best meets your needs and financial goals.
Step 4: Enter the Deposit Amount
Enter the amount you want to deposit into your Binomo account, keeping in mind any minimum deposit requirements set by Binomo or your selected payment method. When deciding on the deposit amount, consider your trading objectives and risk management plans.
Step 5: Provide Payment Details
Based on your selected deposit method, provide the necessary payment details. For credit/debit cards, enter the card number, expiration date, CVV code, and billing address. If using an e-wallet, you might need to provide your account information or email associated with the e-wallet service.
You will be redirected to the bank page. Enter the one-time password (OTP) that was sent to your mobile number, and click “Submit”.
Step 6: Wait for Confirmation
After the transaction is complete, you will receive a confirmation message indicating that your deposit was successful. The funds should appear in your Binomo trading account shortly.
Step 7: You can check the status of your transaction in the “Transaction history” tab.
What is the Minimum Deposit for Binomo
The minimum deposit on Binomo is generally set at $10 or an equivalent amount in other currencies. This makes Binomo an affordable option for beginners and low-budget traders. This means that you can start trading with a small amount of funds and test your skills and strategies without risking too much.
Binomo Deposit Fees
Binomo does not charge any fees or commissions for depositing funds. In fact, they offer bonuses for adding funds to your account. However, certain payment service providers may impose fees, particularly if your Binomo account and payment method involve different currencies.
The fees associated with transfers and potential currency conversion losses can differ significantly based on factors such as your payment provider, country, and currency. Typically, this information is provided on the provider’s website or shown during the transaction order.
How long does Binomo Deposit take
Most payment systems process transactions instantly after the confirmation’s been received, or within a business day. Not all of them, though, and not in every case. The actual completion time depends heavily on the payment provider. Usually, the terms are specified on the provider’s website or displayed during the transaction order.
I haven’t received my funds. What should I do?
- The first step you should take is to verify whether you are using a Demo or Real account. If you haven’t switched from the Demo account, you won’t be able to see any progress with your transactions.
- If your payment remains in the "Pending" status for more than one business day, or if it has been completed but the funds have not been credited to your account, please reach out to us at [email protected] or through the live chat for assistance.
Benefits of Deposits on Binomo
Making deposits on Binomo provides several advantages that can improve your trading experience and boost your chances of success. Here are some important benefits of depositing funds on Binomo:
Access to a Wide Range of Financial Instruments: Depositing funds on Binomo gives you access to a wide range of financial instruments, such as commodities, currencies, and more. This allows you to diversify your trading portfolio and explore different markets.
Seamless Trading Experience: Depositing funds ensure that your trading account has enough capital, enabling you to make trades quickly and seize market opportunities as they arise. With a well-funded account, you can smoothly navigate the platform and make timely trading decisions.
Promotions and Bonuses: Binomo often provides promotions and bonuses to its traders, many of which are linked to making deposits. By depositing funds, you can qualify for these promotional offers, which may include additional trading capital, cashback, or other incentives. These promotions can enhance your trading potential and offer extra value.
Improved Account Security: By depositing funds on Binomo, you can enhance the security of your trading account. A funded account enables you to use additional security features provided by the platform, such as two-factor authentication, to safeguard your funds and personal data.
Conclusion: Mastering Deposits and Withdrawals on Binomo
The ability to deposit funds into your Binomo account and subsequently withdraw them is the cornerstone of managing your investments effectively. Understanding the process of both depositing and withdrawing funds ensures a seamless and secure financial experience on the platform.
