Have you ever logged into your Binomo account only to realize the currency isn’t what you want? You’re not alone. Many traders open an account without thinking much about the currency, then later wish they could switch it. The bad news is that you’re stuck with your chosen currency once your Binomo account is set up. The good news is there’s a workaround.
If you want to trade in a different currency, you’ll need to open a new Binomo account. That means new login info and starting your trading history from scratch. But switching accounts is really the only way to change currencies on Binomo. Just be sure to disable your current account before opening a new one since Binomo doesn’t allow multiple accounts. Choose your currency wisely the second time around!
Understanding Binomo’s Currency Policy
Binomo has a strict policy that does not allow changing your account currency after registration. If you want to trade using a different currency, you’ll need to create an entirely new Binomo account. Before doing that, block access to your current account. Binomo prohibits the use of multiple accounts.
When signing up for a new Binomo account, you’ll be asked to select one of the available currencies like USD, EUR, or your national currency. The currency you choose will be the only one available for making deposits, withdrawing funds, and placing trades on that account. All your account balances, transaction histories, and reports will be displayed in your chosen currency.
So, take time to consider which currency best suits your needs before registering an account. Consider what currency you primarily use in your daily life, which currency most of your funds are held in, or in which currency you want to receive your profits. These choices matter since converting currencies often comes with fees, and fluctuations in exchange rates can impact your balances.
Once you’ve selected an account currency, you’re stuck with it. So do your research and choose wisely. You can always create additional Binomo accounts in other currencies; you’ll just need to manage them separately while following the site’s rules. The key is understanding Binomo’s currency policy upfront so you can make the most informed decision.
What Currencies are Available on Binomo
So you’ve opened your Binomo account and funded it, but now you realize the default currency isn’t the one you want to trade with. No worries, it’s an easy fix. Binomo offers several major currencies to choose from.
What Currencies Are Available for Me?
When you sign up for your Binomo account, you can choose USD (US dollar), EUR (euro), or your national currency. Unfortunately, you can’t change the currency once your account is created.
If you want to switch to trading in another currency, you’ll need to open a new Binomo account. Make sure you block access to your current account before opening a new one, as Binomo only allows one account per person.
To open a new account, use a different email address. When you’re signing up, pick the currency you want to trade with for that account. You can fund your new account and start trading right away. Now, get out there and start trading in the currency of your choice!
Why You Can’t Change Currencies After Account Creation
Unfortunately, once you’ve signed up for a Binomo account and selected your currency, you’re stuck with it. The company policy prohibits changing currencies after account creation. However, there is a workaround if you really want to trade using a different currency.
Creating a new account
The only way to change your trading currency is by creating an entirely new Binomo account. You’ll need to use a different email address than your current account. Be sure to block access to your original account before setting up the new one. Binomo forbids operating multiple accounts at the same time.
When registering for your new account, choose your desired currency like USD, EUR, or your national currency. All your trading, deposits, and withdrawals will now be conducted using that currency. Your account balance, open positions, and transaction history will also show amounts in the new currency.
Keep in mind that creating a new account means starting over. Your trading statistics, account level, and any bonuses or promotions associated with your original account will not carry over. But switching currencies may be worth it if it allows you to trade more conveniently and profitably.
The currency you select has a significant impact on your trading. The value of currencies fluctuates constantly, and the exchange rates change daily. Choosing a stable, strong currency means your account balance is less vulnerable to major ups and downs. Trading in your local currency also avoids conversion fees for deposits and withdrawals.
In summary, you have to decide if the benefits of changing your trading currency outweigh creating an entirely new Binomo account. For most traders, choosing your currency wisely when you first register is best to avoid the hassle of switching later on. But if your needs change, you know it is possible by starting fresh. The choice is yours!
How to Switch Currencies by Making a New Binomo Account
So you’ve decided to change the currency you trade with on Binomo. Unfortunately, the currency cannot be changed once your account is set up. But don’t worry, you have options. The easiest way is to create an entirely new Binomo account and specify your preferred currency during signup.
How to Make a New Binomo Account
To open a new account with your desired currency, follow these steps:
- Go to www.binomo.com and click “Sign Up” at the top of the page.
- Enter a new valid email address and password. Do not use the same login info as your current account.
- When prompted to select your account currency during registration, choose the currency you want to trade with, such as USD, EUR, or your local currency.
- You can now fund your new account and begin trading in your preferred currency! Make sure to log out of one account before accessing the other.
Note! Before using your new account, log in to your original account and lock it out. This will prevent unauthorized access and ensure you do not violate Binomo’s policy against multiple accounts.
By going through the registration process again and picking a different currency, you’ll have an entirely new Binomo account set up with the funds and trading options you want. Just be absolutely sure to block access to your original account first. If done properly following Binomo’s guidelines, having separate accounts can allow you to trade in multiple currencies and expand your opportunities!
Step-by-Step Guide to Creating a New Binomo Account
To create a new Binomo account with a different currency, follow these simple steps:
1. Block your current account
Before making a new account, you’ll need to block access to your current one. Log in and go to “Profile” → “Block Account”. Your account will be blocked.
2. Use a new email
Since you can’t change currencies on an existing account, you’ll need to register a new one. Use an email address you haven’t used with Binomo before. This could be a spare Gmail or Facebook account.
3. Select your currency
When signing up for your new Binomo account, choose the currency you want to trade with from the dropdown menu. Options include USD, EUR, or your local currency. Pick the one that suits your location and trading needs.
4. Fund your account
Once your new account is created, you’ll need to deposit funds to start trading. Binomo offers payment methods like bank cards, e-wallets, wire transfers, and cryptocurrency. Fund your account through the most convenient method for you in your selected currency.
5. Start trading!
Your new Binomo account with the currency of your choice is now ready to go. You can start trading stocks, currencies, commodities, and indices immediately.
In summary, creating a new Binomo account to change your currency takes a few simple steps. Block your current account, sign up with a new email, pick your currency, fund the account, and start trading! Following this short process, you can set up a new account tailored to your needs.
So there you have it, the step-by-step guide on how to change the currency in Binomo. While it may seem inconvenient to have to sign up for a whole new account just to switch currencies, the good news is that Binomo’s registration process is quick and painless. And by blocking your current account before registering a new one, you ensure there are no issues with violating the platform’s terms. Once your new account is set up and funded, you’ll be back to trading in no time and in your chosen currency.