In addition to the free training required for trading and investing, it is important to understand how to withdraw funds from Binomo. The procedure is quite straightforward. However, there are a few guidelines to follow. We’ll go through everything concerning the Binomo withdrawal process in this review.
What methods can be used for withdrawal?
There are several ways to withdraw cash from Binomo, the most popular of which are bank cards and e-wallets. You can even do it using nameless bank cards, but you must first confirm your card ownership by submitting some documents:
- signed and stamped Bank Reference;
- a signed and a stamped statement from your bank;
- screenshot of the app or online service of your bank account.
You can use any of these verification procedures for withdrawal to a nameless bank card.
Note! The Binomo withdrawal conditions allow you to use only the payment method used for the deposit.
How to withdraw money from Binomo?
Sometimes, when withdrawing funds, you may be asked for verification. The verification of your identification is required before you can withdraw from Binomo. It should be reminded that you cannot withdraw until the verification process is complete, but you don’t lose access to trading and investing.
So, let’s see how the Binomo money withdrawal process works:
- Click on your profile photo, select the “Cashier” tab, and click the “Withdraw funds” tab.
- Enter the payout amount and method; click “Request withdrawal”.
- You’ll be notified as soon as the withdrawal is processed! You can trade while your withdrawal is processed.
Note! Select the “Balance” (not “Cashier”) in the left side menu and the “Withdraw” button in the mobile version.
The minimum withdrawal from Binomo
You probably have questions about the minimum withdrawal amount when using your funds. The minimum withdrawal amount is $10, and any withdrawal request under this amount will be rejected. Also, if you decide to withdraw all or some of your funds before your trading turnover is double your deposited amount, the withdrawal fee under these circumstances will be 10% of your final deposit or account balance. It is best to read the Client Agreement first to understand how to withdraw from Binomo and its fee.
Maximum withdrawal limit
The maximum amount of funds you can withdraw from Binomo depends on the account type you have. Also, payment systems can set your withdrawal limit. The maximum limit is:
- up to $3000 per day;
- up to $10.000 per week;
- up to $40.000 per month.
The withdrawal limit may also vary depending on your payment operator, so double-check before requesting a withdrawal from Binomo.
Time for withdrawing
The processing period may take a few minutes to a few days after submitting your withdrawal request. The status of your transaction will change to “Processing” during this period, as shown on the “Transaction history” tab of the “Cashier” icon. Your account type determines how long this takes. For example, Withdrawal requests for Standard accounts are processed in three days, whereas Gold and VIP accounts are processed in several hours.
The Help Center
The Help Center contains all of the information you need to make deposits and withdrawals. Also, It includes information about trading mechanics, the verification process, free and paid tournaments, promotions and bonuses. Additionally, you can contact support via email if you have any questions.
Can we withdraw money from Binomo? This is one of the most often asked questions by most users. As a trader, you can withdraw funds from Binomo as hassle-free as making a deposit. You should note that the minimum withdrawal amount in Binomo is $10, and the maximum limit depends on your account type and is set by the system. In other words, by using the Binomo platform, you will be able to withdraw funds with popular and payment proof methods.
Don’t forget that transactions with funds involve risks. Verification is required to protect your Binomo account from scammers. After the verification process is completed, you will withdraw funds from your Binomo account. The withdrawal of funds on the bank card or e-wallet will serve as proof of its security.
It’s best if you keep in mind that trading is risky. To avoid losing funds, you must constantly improve your trading skills and learn how to analyze the market.