CloseOption offers a various deposit and withdrawal options, including cryptocurrencies and electronic wallets. While deposits are processed instantly, withdrawal methods may take up to 72 hours.
Let’s take a closer look at all the available CloseOption deposit and withdrawal methods and assist you in choosing the best one for your needs.
CloseOption Payment Methods Overview
This platform provides diverse payment options, catering to different preferences and geographical locations. Here's a quick overview of the available CloseOption deposit and withdrawal options:
- E-wallets;
- Credit and debit cards;
- Wire transfer;
- Cryptocurrencies.
Each method has its advantages in terms of processing speed, fees, and accessibility.
E-wallets
As we mentioned in our CloseOption review, this broker supports multiple electronic payment options, including:
- PayPal
- Perfect Money
- WebMoney
Important points to consider when using e-wallets for CloseOption deposits and withdrawals:
- Minimum deposit: $5
- Maximum deposit: $5000 for PayPal, $25000 for Perfect Money
- Minimum withdrawal: $1
Funding your account using PayPal or Perfect Money has 3 easy steps and usually takes around 5 minutes to complete. Reading CloseOption Perfect Money deposit and CloseOption WebMoney deposit articles can guide you in funding your trading account quickly.
Wire Transfer
CloseOption supports wire transfers for deposits and withdrawals. Key features of CloseOption's wire transfer service:
- Minimum deposit: $5;
- Minimum withdrawal: $500.
This method has 2 main disadvantages, including higher transfer fees and longer processing times.
Credit and Debit Cards
CloseOption broker accepts both Visa and Mastercard for deposits and withdrawals. Key points about this payment method include:
- Minimum deposit: $20
- Deposit processing time: Instant
- Minimum withdrawal amount: $20
The process of funding your account with credit cards has 4 stages. We covered each of these steps in more detail in the CloseOption credit/debit deposit article to help you fund your trading account safely.
Cryptocurrency
Cryptocurrency transactions have gained popularity due to their speed, low fees, and anonymity. CloseOption accepts several cryptocurrencies:
- Bitcoin;
- Ethereum;
- Litecoin;
- Tether;
- Tron;
- Monero;
- Dogecoin;
- Dash;
- Bitcoin Cash;
- Binance Coin.
Key features of this CloseOption payment method:
- Minimum deposit: $5 equivalent in crypto;
- Maximum deposit: $10,000,000;
- Minimum withdrawal: $1 equivalent in crypto;
- Available: For traders worldwide.
CloseOption Tether ERC20 deposit and CloseOption Tether TRC20 deposits allow traders to instantly deposit funds to their trading account by following 3 straightforward steps, that we have covered in our articles. 
CloseOption Payment Processing Time
CloseOption deposits and withdrawals processing times vary depending on the payment method used:
Payment method | Deposit processing time | Withdrawal processing time |
Credit/debit cards | Instant | 3 days |
Bank transfers | 3-5 business days | 3 days |
E-wallets | Instant | 3 days |
Cryptocurrencies | Up to 30 minutes | 3 days |
CloseOption Deposit and Withdrawal Fees
CloseOption's fee structure and minimum deposit amounts vary across payment methods:
Payment Method | Deposit fee | Withdrawal fee |
Credit/debit cards | No fees | No fees (only currency conversion fees apply) |
Wire transfers | No fees | Ranging from $50-$100 |
E-wallets | No fees | $0 |
Cryptocurrencies | No fees | $0 |
The overall minimum deposit amount on CloseOption is $5, making it accessible to traders with various budget levels. However, the high fees for wire transfers make this method less appealing for smaller transactions.
TF Expert Suggestion
Analyzing CloseOption' deposit and withdrawal methods showed us the best deposit and withdrawal methods in this broker are credit/debit cards and e-wallets.
As explained in detail on the Close Option Tutorial page, CloseOption PayPal Withdrawal and CloseOption Perfect Money Withdrawals can be completed in 3 trouble-free steps by reading our easy-to-follow guides.
