A Binary.com withdrawal can be made in as many ways as a Binary.com deposit. There are no Binary.com costs. You can find out how the Options Broker manages this, which methods are available and what you need to consider in the following guide!
The most important information about "Binary.com Payout" at a glance:
- There are no Binary.com costs for withdrawals
- The broker offers 17 different financial service providers
- The payment method is determined by the Binary.com payment method
- Bank transfers can take up to 5 days.
- Credit card payments are only possible in the amount of the total deposits
Which payment methods are possible at Binary.com?
Binary.com offers a total of 17 different payment service providers as cooperation partners. These can be divided into three different payment methods. The categories of Binary.com withdrawals are bank transfer / money transfer, credit / debit card and eCash. The first category is represented by the companies Bank Transfer, Internet Bank Transfer, Western Union and Internet Banking.
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On the other hand, only credit cards are Visa and MasterCard, on offer as a Union Pay debit card. The largest selection is available for eCash customers. The best-known providers in Germany are Skrill, Neteller and paysafecard. There are also OK PAY, fasapay, Perfect Money, moneta.au, WebMoney, QiWi and an Arabic provider for international customers.
The payment options of Binary.com include bank transfer and money transfer, credit card or debit card payment and the use of the eCash payment system. In total, Binary.com cooperates with 17 different payment service providers.
The payment conditions: Binary.com costs, duration and maximum payment amounts
The payment conditions at Binary.com can be summarized as a very customer-friendly package and compared to other brokers. The broker does not charge Binary.com fees for a withdrawal and no minimum withdrawal amounts. However, the financial service providers set a few conditions on which Binary.com has no influence.
The minimum deposit amount is usually 5 euros, but depending on the provider, it can also be 100 euros, as is the case with Internet banking is the case. The same applies to maximum deposit amounts, which fluctuate between 150 euros at QiWi and 100,000 euros at Bank Transfer. The same applies to withdrawals. With the transaction duration, the withdrawal usually takes more time than the deposit.
Binary.com does not charge any withdrawal fees. The conditions depend on financial service providers. So the minimum deposit fluctuates between 5 and 100 euros. The duration of the transaction depends on the payment service providers and the payment method.
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The deposit by bank transfer
In principle, making a Binary.com deposit by bank transfer is not bad. However, you have to expect very long transaction times for bank transfers. These can be up to five days. Since the first trade can only take place after the deposit, this form of deposit is only suitable for patient traders. Especially since this transaction duration must also be considered for all further deposits.
But the conditions for withdrawals are even more lengthy. It is difficult to understand today why the processes involved in bank transfers are so administration-intensive. Especially since bank transfers are mostly made online. The fact is, however, that this fact was in no way indebted to Binary.com, but is solely due to the method of payment of the bank transfer.
Deposits and withdrawals by bank transfer can be very lengthy. These payment methods sometimes take five to seven days. It does not matter which payment service provider and which broker it is.
Advantages and disadvantages of credit card payments
Credit card payments are compared to Bank transfers much faster. They have a transaction duration of one day for deposits and a maximum of three days are required for withdrawals. The crux here, however, lies in the transfer amount. Apart from the deposit and withdrawal limits between 5 and 10,000 euros, the maximum amount that can be withdrawn is the amount paid in advance.
This can be described in more detail using an example:
A trader initially paid 500 euros, later added 1,000 euros and then again 2,000 euros. He was very successful and posted profits of EUR 12,000. He would like to have some of this paid out. A total of 3,500 euros were paid in. In this amount, he can now withdraw money onto the credit card. All other profits would have to be transferred to a reference account. However, this reference account must also be verified beforehand.
Payouts to credit cards are only possible in the amount of the total deposit amount. All payments beyond this must be transferred to a reference account. Double verification is then necessary here.
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Which currencies can be used at Binary.com?
Binary.com can use the currencies euro, US dollar, Australian dollar and British pound.
What is the minimum deposit according to Binary.com?
The minimum deposit at Binary.com must be 5 euros. Many financial service providers make this possible.
What is the minimum trading volume?
The minimum trading volume at Binary.com is 1 euro. No other broker is so cheap. Here, minimum trading volumes of 10 to 100 euros are often necessary.
What is the maximum deposit amount through Binary.com?
Actually there are no maximum from Binary.com deposit amounts. You only have to keep a maximum deposit of € 2,300 before verifying your account. However, the maximum trading volume is 10,000 euros.
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What do you have to consider before the first payment?
Im If a bonus is received, the bonus conditions must be strictly observed. Otherwise the bonus and the resulting winnings may be deducted. In addition, verification is urgently required in advance. This takes place by means of personal identification in order to comply with the law against money laundering and corruption.
The Binary.com range of offers
The Binary.com experience with the payment that the broker offers enough options to give each trader their preferred payment methods. In addition, Binary.com particularly impresses with its extensive training program, which in the past led to the broker being on everyone's lips. The binary options platform can be easily managed via the Binary.com app. The Binary.com demo account is available the first time you log in. In the past, he has often proven that the broker is competitive with these offers. How it is in the ranking can be found on this page!
Conclusion: Many facts influence the decision
With Binary.com it is possible to choose between 17 different payment providers choose. However, you have to make the choice before you make your first deposit. It is important to consider the different conditions of the providers and the peculiarities of the payment methods at an early stage. Deciding on the fees alone can sometimes be too short-sighted. In addition to the transaction duration, conversion fees, minimum and maximum payment amounts, regulations such as those used for credit card payments must also be taken into account.
As there are 17 different service providers to choose from and so far no Binary.com costs have been charged for the payment, the optimal solution should be found. If you want to open a trading account due to the excellent deposit and withdrawal conditions and for other reasons, you can now register at Binary.com!