Binomo Withdrawal Problems include the inability to process with ERC20, VISA, and Bitcoin. Despite all the restrictions, 95% of withdrawal requests are processed within 30 minutes with 0% commission.
As long as this problem stands, traders must use alternative payout options, including USDT TRC20, Netbanking, and Indian banks to request a cash out from the Binomo broker.
Withdrawal Restrictions in Binomo
While deposits are allowed for various methods in Binomo Binary Broker, withdrawals were limited. Binomo Withdrawal Limits:
- Unavailable Methods: Withdrawals via Bitcoin and Tether ERC20 are currently not supported, creating significant inconvenience for users relying on these methods.
- Support Communication: Users must contact support to verify their wallet address and confirm withdrawal requests, which can delay the process.
The table below specifies which methods are available and unavailable in this broker.
Payout Method | Available/Unavailable |
Visa/MasterCard | Unavailable |
Bitcoin | Unavailable |
Tether ERC20 | Unavailable |
Tether TRC20 | Available |
Any other options to process Binomo withdrawal without a Visa card?
When we inquired about alternative options for Visa cards, the support team suggested using Netbanking, Indian banks, and other available methods.
What Are Similar Issues Traders Face with Other Binary Brokers?
Withdrawal problems are common in most binary options brokers, and you can see some of them in the table below.
Broker | Binomo Broker | |||
High Payout Limits | No | Yes | Yes | No |
High Payout Fees | No | Yes | Yes | Yes |
Funds not Sent | No | No | No | No |
Limited Payout Methods | Yes | Yes | No | Yes |
Conclusion and Final Words
For Binomo Withdrawal Problems, we were advised to select alternatives like Netbanking, Indian Banks, and other specified methods based on our region.
The wallet verification before the first withdrawal is necessary. To see all the available methods, readBinomo Deposit and Withdrawal from the articles on the Binomo Tutorials page.
