Does Deriv Pay: Withdrawal Guide
To withdraw money from Deriv you need:
-
Log in to your Deriv account;
-
Navigate to the “Cashier” section;
-
Click on “Withdrawal” button;
-
Verify your withdrawal request;
-
Withdraw money.
This article provides a comprehensive guide to withdrawing funds from your Deriv account. It covers everything from a step-by-step walkthrough of the withdrawal process to essential details like the minimum withdrawal amount and available currencies. This information will help traders understand how to access their profits on the Deriv platform seamlessly.
Deriv withdrawal methods, speed and fees
| Method | Speed | Fee | |
|---|---|---|---|
N/A |
1 working day |
N/A |
|
Yes |
1 working day |
N/A |
|
Payment services (list available, if any) |
Yes |
1 working day |
N/A |
Crypto (list available, if any) |
Yes |
Subject to internal checks |
N/A |
How to withdraw money from Deriv
Withdrawing your funds from Deriv is straightforward and can be accomplished in a few simple steps:
Log in to your Deriv account. Your first step is to access your Deriv account. Use the credentials you set up during registration – typically your email and password. Make sure your connection is secure to ensure your account information is protected. This process should be relatively fast and trouble-free, provided you remember your login details.
Access the cashier section. Once you're logged into your account, you'll be brought to your dashboard. This is the control center for your account, where you can view your balance and trading history and perform numerous other functions. From here, you need to navigate to the “Cashier” section. Depending on the platform's layout, this is typically located in the main navigation menu or on the sidebar.
Image: How to withdraw money from Deriv
Initiate the withdrawal process. In the Cashier section, look for the “Withdrawal” button. It's often found in the same section where you usually deposit your funds. Clicking on this button is the first step in the withdrawal process. You'll likely be asked to specify the amount you wish to withdraw and, in some cases, the withdrawal method.
Image: How to withdraw money from Deriv
Verify your withdrawal request. Upon initiating the withdrawal, Deriv will send you an email for security purposes. This is a standard practice designed to protect your funds from unauthorized withdrawals. The email will contain a verification link. By clicking this link, you confirm that you initiated the withdrawal request and that it was not a fraudulent attempt.
Confirm the withdrawal. The final step involves confirming your withdrawal on the Deriv platform. After verifying your request via email, return to the Deriv website or app. The funds are then transferred to your chosen account, a process that can take up to one working day. It's essential to keep in mind that the exact timeline can depend on your bank or the withdrawal method you have chosen.
Ensure you keep track of the withdrawal status and contact customer support if there are any delays or issues.
What is Deriv's minimum withdrawal amount?
For credit or debit card transactions, users are required to withdraw a minimum of $10. On the other hand, for e-wallets, the minimum amount can range from $5 to $10, depending on the specific e-wallet service. Additionally, for those opting to use online banking as their withdrawal method, the minimum threshold lies between $5 and $15.
It's essential for users to be aware of these stipulated minimums to ensure smooth and hassle-free transactions when attempting to retrieve their funds from the platform.
What are Deriv's withdrawal currencies?
Deriv allows withdrawals in multiple currencies to cater to its global user base. The currencies currently supported are USD (United States Dollar), EUR (Euro), AUD (Australian Dollar), and GBP (British Pound).
FAQs
How long does it take for Deriv to pay?
Deriv processes withdrawal requests typically within one working day, ensuring timely payments for its users.
How do you get money on Deriv?
You can deposit money into your Deriv account using Visa or MasterCard, making it accessible and convenient for most users.
Is it easy to withdraw from Deriv?
Absolutely. Deriv has created a withdrawal process that is both straightforward and user-centric. The platform emphasizes simplicity, ensuring that even novice traders can navigate the process with ease. However, while the act of requesting a withdrawal is uncomplicated, users should be aware that the actual processing might take up to one working day, depending on various factors.
How long do withdrawals take on Deriv?
Traders on Deriv can expect their withdrawal requests to be processed and completed within one working day, allowing them efficient access to their profits.
Team that worked on the article
Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses who want to improve their Google search rankings to compete with their competition.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).