How to Make Seamless Binarium Withdrawals

How to Make Seamless Binarium Withdrawals

Trading on binary options brokers like Binarium feels incomplete if you aren’t aware of the fund withdrawal guidelines.

Imagine turning a profit but failing to take out the funds in advance. Frustrating, right?

Today, issues like these take a backseat as I will help you make sense of Binarium withdrawals in detail.

By the end of this discussion, you should be able to choose the best fund withdrawal option on Binarium while choosing between different offerings based on fees, processing times, and other parameters.

Content

Why Do You Need to Withdraw Funds?

How to Make Seamless Binarium Withdrawals main pic

If you make winning trades on Binarium, it makes sense to withdraw profits to your bank or e-wallet account. Or, you can even choose to get funds in your crypto wallet. A good and credible broker offers swift and seamless withdrawals. And Binarium qualifies.

Fast and Credible withdrawals: Binarium

Fast and Credible withdrawals: Binarium

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How to Withdraw Funds From Binarium?

Here are the steps you need to follow:

  1. Register using the sign-up option.
  2. You can start making deposits once the email ID and other credentials are verified.
  3. You can use the new deposits to trade, and once you have enough profits, you can consider withdrawing.
  4. To withdraw, you must visit the “Withdrawal” section, hidden subtly inside the profile dropdown.
  5. However, there is an important step here that you didn’t encounter while making deposits. Binarium withdrawals are allowed only if you have a KYC-verified account. Once you have verified your KYC, you are all set to move funds from Binarium to your account.

Withdrawal-specific verification

Withdrawal-specific verification

Post verification you can choose between the available withdrawal methods.

Most important step associated with account verification

Most important step associated with account verification

Sign up on Binarium to start enjoying the deposit and withdrawal perks.

Further reading

Withdrawal Methods on Display

Binarium offers several withdrawal methods. If you need clarification on the types, check out the deposit options. The same set of choices apply for withdrawals. Here are the top ones per user engagement and familiarity:

  • Bank Transfer: Direct transfer to your account.
  • E-wallets: Services like Skrill, Neteller, or PayPal.
  • Cryptocurrencies: Bitcoin, Ethereum, and other supported cryptos.

Besides that, Net banking, AstroPay, and other avenues are also available. Crypto transfers are more secure, whereas bank transfers are meant for large transactions.

All withdrawal methods listed

All withdrawal methods listed

While e-wallets require account details, and crypto transfers rely on wallet addresses, bank transfers also need the SWIFT code and other relevant information.

Create a Binarium account to place your first trade.

Further reading

Unpacking the Withdrawal Times and Limits

On Binarium, the minimum withdrawal amount is $5 to $10. However, the maximum withdrawal sum depends on the method you use.

How to access the withdrawal tab?

How to access the withdrawal tab?

Here is a quick list of all withdrawal methods, including the crucial details:

Bank Transfer

  • Fees: Binarium generally does not charge withdrawal fees, but a 10% fee may apply if the trading volume is less than double the deposit amount.
  • Minimum Cap: $5
  • Maximum Cap: $15,000 per day, $100,000 per month (for VIP accounts)
  • Processing Time: 3 to 7 business days, depending on the bank and verification status.

No fees are charged by Binance on withdrawals

No fees are charged by Binance on withdrawals

E-Wallets (Skrill, Neteller, WebMoney, etc.)

  • Fees: Similar to bank transfers. Fees typically only if the trading volume condition is met.
  • Minimum Cap: $5
  • Maximum Cap: $15,000 per day, $100,000 per month (for VIP accounts)
  • Processing Time: 24 to 48 hours. E-wallets are faster and preferred by many traders for their convenience.

Cryptocurrencies (Bitcoin, Ethereum, etc.)

  • Fees: No additional fees from Binarium, but network fees may apply.
  • Minimum Cap: $5 worth of the cryptocurrency
  • Maximum Cap: $15,000 per day, $100,000 per month (for VIP accounts)
  • Processing Time: A few to 24 hours, depending on network congestion and verification.

There are a few account-specific limits to consider as well:

  1. Start Account: $200 daily, $1,000 monthly
  2. Standard Account: $500 daily, $2,500 monthly
  3. Business Account: $1,000 daily, $20,000 monthly
  4. Premium Account: $5,000 daily, $50,000 monthly
  5. VIP Account: $15,000 daily, $100,000 monthly

Different account types with different withdrawal limits

Different account types with different withdrawal limits

The idea here is to plan in advance in case you want to work with more credible payment methods, such as Bank Transfers.

Create the right Binarium account to enjoy a high limit of withdrawals

Further reading

Addressing Common Withdrawal Issues

Now that the basic elements associated with Binarium withdrawals are clear, let us take a closer look at the common withdrawal issues and the best ways to handle them:

  1. Slow Processing

This issue can happen due to a high withdrawal volume. The best way to avoid it is to ensure you have the verification standards taken care of. Having a uniform payment method — the same for deposits and withdrawals — can also help.

  1. Incorrect Details

This mistake is primarily user-specific. The only way out is to double-check credentials before proceeding. In case a wrong transaction is underway, connect with the Binarium support team right away.

  1. Lack of Funds

In some cases, your withdrawal might not go through due to a lack of funds. Before proceeding, ensure that you have covered the applicable fees.

  1. Verification Concerns

If you have uploaded clear or complete documents, Binarium might not verify you. The only solution is to resubmit documents.

Besides that, some withdrawal attempts might experience technical errors, such as browser issues, connectivity problems, and more. While refreshing the connection or page might help, you can contact Binarium support if the issues persist.

Here are some additional details to ensure that you connect with the right folks:

Email: [email protected]

Live Chat: Available on the Binarium website for immediate assistance.

Telephone: +357(22)052784 (available during business hours).

Further reading

Final Thoughts

Binarium withdrawals are easy to initiate. However, for the best possible experience, I recommend keeping a note of the fees and charges beforehand. Plus, verification is a crucial withdrawal cog, and you must address it right after opening an account if you are serious about making profits and withdrawing them.

Further reading

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