Before you begin trading, you must understand how to transfer money into and out of your account. To make trading more accessible, Deriv offers a variety of payment methods that allow you to make deposits and withdrawals quickly and easily.
Each payment method, from e-wallets to cryptocurrencies, has been specifically selected with you in mind. For example, we are constantly researching and adding popular payment methods among our customers in various locations to our portfolio. As a result, no matter where you are, you will always have a wide range of options. This is also one of the best forex brokers in Australia.
Payment methods available on Deriv
Online banking, also known as bank wire, is one of the oldest forms of digital transaction methods and is widely used worldwide.
This method allows you to conduct transactions and access your bank account online. You only need a device that can connect to the Internet.
We support the following bank wires:
Credit and debit cards are two of the most common payment methods, but you must have an active card with a bank to use them. Your location and the card provider will usually determine whether you can use credit, debit, or both cards.
For deposits and withdrawals on Deriv, we acknowledge both credit and debit cards. It is necessary to remember that, as the account holder, you must be aware of the rules and regulations imposed by your bank.
E-wallets are a closed environment where money only circulates between users and incorporated traders. These speeds up transactions and provides a more enjoyable overall experience.
Because they have a global or at least continental reach, most e-wallets are used for international transactions. Each e-wallet, like credit and debit cards, has its authentication process. Skrill, Neteller, and Perfect Money are three of the most popular e-wallets.
In addition to fiat money, we accept popular cryptocurrencies such as Bitcoin (BTC), Litecoin (LTC), Ether (ETH), USDT (Tether Omni Layer and Tether Erc-20), and USD Coin as payment methods on our platforms. These digital coins can be transferred directly from your cryptocurrency wallets to your Deriv account.
If you don’t have any cryptocurrency but want to start trading with it, we also have a payment solution for you. Our fiat onramp services enable you to buy cryptos with actual cash, also known as fiat money and have them delivered directly to your Deriv trading account.
What is the minimum amount you can deposit or withdraw?
Depending on the payment method, the minimum deposit and withdrawal amount varies. The minimum deposit and withdrawal amount via e-wallets is USD 5/EUR/GBP/AUD. A complete list of payment methods and their minimum deposit and withdrawal amounts can be found on our Payment methods page.
How long does it take to process my deposits and withdrawals?
Your deposits and withdrawals are processed internally within 1 to three days (depending on your payment method). Because banks and payment service providers have different processing times, your money may take longer to reach you. For a complete list of processing times for each payment method, visit our Payment methods page.
How do I withdraw my money?
After we’ve gone over all the possible payment methods, let’s look at the Deriv withdrawal process. These steps are approximately equivalent to the withdrawal process. By following these steps, you can use the money in your Deriv account however you want.
Step 1: Accessing your Deriv Account
The first step in withdrawing funds from your Deriv account is to log in to your account. To access your trading account, go to the Deriv website and enter your login information, such as your username and password.
Step 2: Log in to your account and select ‘withdraw money
After you log in, select the ‘Withdraw funds’ option. When you click on the cash withdrawal option, a list of payment options for Deriv withdrawal will appear on your screen.
Step 3: Enter the amount of the withdrawal
Enter any amount more significant than 5 USD/EUR/AUD/GBP to start a withdrawal request. The minimum withdrawal amount for card withdrawals is ten dollars (USD/EUR/AUD/GBP).
Step 4: Choose a payment method
You can use any payment method you previously used to make a Deriv deposit.
Step 5 : Confirm the withdrawal request
The final step in withdrawing Deriv is to confirm the withdrawal request.