How to Withdraw from Binomo
This comprehensive guide walks you through the steps required to withdraw funds from your Binomo account, empowering you to manage your finances with ease.
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.
Conclusion: Binomo offers a user-friendly and secure Withdrawal process
Binomo provides a straightforward and secure process for withdrawing funds from your trading account. With minimum withdrawal limits of $10/€10 and maximum limits varying based on time periods, users can conveniently transfer funds to their preferred financial destination. Binomo generally does not charge commissions or fees for withdrawals. However, it’s important to be aware of any withdrawal limits that may apply. Binomo strives to provide transparency and support to its users throughout the withdrawal process
By following this professional guide, you can confidently navigate the withdrawal process, ensuring the smooth transfer of your funds. By maintaining a commitment to security, transparency, and user satisfaction, Binomo continues to provide a reliable platform for traders seeking to withdraw their funds.
