Traders facing Binarium withdrawal issues, such as payout limits and a 10% fee, can resolve these by upgrading their account level to Business, Premium, or VIP.
However, high payout requirements are a significant issue that traders cannot really fix. The only option is to use alternative cash-out methods with lower withdrawals
What are Common Binarium Withdrawal Issues?
Binary option traders who work with the Binarium broker face issues that they must fix in order to submit their payout requests.
Most of these problems have simple solutions, which we will cover in this article. Common Binarium withdrawal problems:
- Withdrawal limits
- Withdrawal fees
Withdrawal Limits
The first problem is the withdrawal limits. If you're using Bitcoin or Ethereum, the minimum payout is $90. For Tether (ERC-20), the minimum is $50.
Each account type has limits that restrict traders from choosing some of the Binarium deposit and withdrawal methods. Binarium accounts withdrawal limits:
Binarium Accounts | Start | Standard | Business | Premium | VIP |
Withdrawal Limits | $55 | $55 | $100 | $250 | $15000 |
Based on this, traders with Starter and Standard accounts can’t receive profits using BTC, ETH, and Tether on the Ethereum network.
To cash out using these methods, upgrade your account to Business, which requires a $500 to $2,000 deposit.
Binarium Withdrawal Fees
Traders must pay a fee if they don’t have the 2X turnover on the initial deposit amount plus bonuses.
If you don't meet this requirement, a 10% fee will be applied to your transaction amount.
Do Traders Face Similar Issues in Other Binary Brokers?
Yes, unfortunately, these types of issues are common in the binary options trading space.
Broker | Binarium Broker | |||
High Payout Limits | Yes | Yes | Yes | No |
High Payout Fees | Yes | Yes | Yes | Yes |
Funds not Sent | No | No | No | No |
Limited Payout Methods | No | Yes | No | Yes |
TF Expert Suggestion
If you're using a Starter or Standard account, you might encounter Binarium withdrawal issues when withdrawing Bitcoin or Ethereum, as the minimum withdrawal limit is $55.
The best way to fix this is to upgrade your account to Business by depositing at least $500.
If you've already upgraded but still have issues, check the Binarium support article on the Binarium tutorial page for detailed instructions on contacting customer support.
