Binomo withdrawal methods

There are four main fund destinations after withdrawing the money: bank cards, e-wallets, bank accounts or crypto wallets. The most common options which are enabled everywhere are crypto and basic electronic wallets. While direct bank card transactions are only available for Ukraine and Turkey, the bank account withdrawals can be performed only for the traders in Turkey, India, Indonesia, Pakistan, Mexico, Vietnam and South Africa. To get more detailed explanations and instruction, it is recommended to read the related articles from Help center.

Binomo withdrawal options

When the necessary amount of funds is ready for withdrawal, the user enters the account settings, selects there the “Balance” section, pressing later on “Withdrawal” button and opening the corresponding menu. In it, the person selects the amount suitable for transaction and selects the most suitable method, all of which are updated according to the previously selected region of residence. With the request submission, it is displayed in the “Transaction history” menu, meaning that it was sent to the platform administration for an approval.

Binomo withdrawal limit

There are several limits of withdrawal processing that should be taken into account when planning the transactions. First of all, the minimal amount should be no less than $10, which is quite easy to achieve even for the beginner in trades. The maximal limits, however, are somewhat harder to manage – there are different notion distributed per day, week and month. Therefore, the daily withdrawal should not exceed $3,000, weekly transfers should be less than $10,000, and monthly income to the bank account does not allow more than $40,000. Same goes to the approximate amounts in national currencies – the full list should be available from FAQ section.

Binomo withdrawal fee

The majority of payment providers does not take the service fees, and same statement goes to the Binomo platform itself. An exception may occur for the cases with currency conversion at some point of money transferring, or specifically for Indian region, where only one transaction in a day is considered free. Also, there is a sensitive case, when a person wants to get the withdrawal before trade start, where the platform can charge 10% commission – to learn about it more, the user can visit the FAQ article about it.

Binomo withdrawal time

To track the further status of a payment, the trader can visit the “Transaction history” tab which reflects the main stages the payment currently goes through. First comes the “Approved” status, granted by administration, then goes “Processing” step which sends the funds to bank authorities and ends with “Completed” stage. With the transaction time, there will be the notes about estimated arrival and maximal waiting time – if the funds are not accounted after the later period of time, it is necessary to call for customer support assistance.

Binomo withdrawal issues

Sometimes, the withdrawal can be considered “Failed”, returning the issued funds back to the Binomo account. There are two main reasons for it – either the payment details were incorrect, or one of the chain banks or payment provider has been experiencing the technical breakdown. After experiencing it, the user can either try sending the request again, with corrected details, or get in touch with support team, especially in the cases, when the decline reason was not identified.

Binomo withdrawal conditions

The additional limitations on the transaction processing can be set with the obtained bonuses or Binomo coupons. They have the so-called mechanism of “trading turnover”, where the user should process first the selected amount of money before getting the successful withdrawal options. Each offer has individual conditions, which should be checked from the “Bonuses” tab of account menu.