Olymp Trade broker provides 19 deposit and withdrawal methods, including cryptocurrencies, bank cards, digital wallets, and bank transfers.
These payment options allow traders to fund their account with only $10 and start trading +100 binary options instruments.
Olymp Trade Supported Deposit and Withdrawal Methods
As we checked in the Olymp Trade review, the broker offers diverse payment options tailored to suit various needs and preferences. Here’s a quick look at the 5 main categories:
- Bank cards;
- Cryptocurrencies;
- E-wallets;
- Local bank transfers;
- Payment invoices for cash deposits.
The exact methods available may vary depending on your country of residence.
Bank Cards
Olymp Trade supports payments from the best bank card payment providers, including:
- Visa;
- MasterCard;
- Union Pay (Exclusive to Chinese traders).
Olymp Trade credit/debit card deposits can be completed in just 4 easy steps, providing instant account funding for traders.
Cryptocurrencies
Olymp Trade embraces digital currencies as a fast and secure payment method. Here are the 11 supported coins and Blockchain networks:
- USDT (TRC-20);
- USDT (ERC-20);
- USDT (BSC);
- Bitcoin;
- Ethereum;
- Shiba Inu;
- Dogecoin (BSC);
- DAI (BSC);
- Solana;
- XRP;
- TRX.
The Olymp Trade USDT TRC-20 deposits consist of 3 steps and require traders to transfer funds from their own wallets to the Olymp Trade broker crypto wallet. Read our article to complete this process without trouble.
E-Payment Systems
Olymp Trade supports popular E-wallet payment options, including:
- Skrill;
- Neteller;
- Volet;
- GooglePay;
- AstroPay;
- GlobPay;
- WebMoney;
- Fasapay;
- BinancePay.
Skrill and Neteller are among the most used e-wallet payments in this broker. We suggest reading Olymp Trade Skrill withdrawal and Olymp Trade Neteller withdrawal to transfer funds to your personal wallet by following 4 steps.
Local Banks (Bank Transfers)
For those who prefer traditional banking, Olymp Trade accommodates local bank transfers in many countries. Key points:
- Available in most regions where Olymp Trade operates;
- Processing times vary (1-5 business days);
- Higher minimum deposit requirements.
Payment Invoice Generation in Banks or Special Kiosks
In some regions, Olymp Trade offers a unique option to generate payment invoices for cash deposits:
- Generate an invoice through your Olymp Trade account;
- Visit a participating bank or kiosk to make a cash payment;
- Funds are credited to your trading account once processed.
This method is especially useful for traders who prefer cash transactions or have limited access to online banking.
Deposit and Withdrawal Time
Olymp Trade prides itself on quick processing times, especially for withdrawals. Here's what you can expect for Olymp Trade deposits and withdrawals:
- Deposits: Most methods are instant, especially for e-wallets like Skrill or Neteller
- Withdrawals: Most withdrawal options are processed within 24 hours, while Bank transfers may take 3-5 business days
Olymp Trade broker suggests 3 tips to experience faster withdrawals:
- Become an Expert Trader;
- Use recommended payment methods (e.g. Skrill);
- Pass customer verification.
Olymp Trade Deposit Fees and Charges
Olymp Trade charges $0 fees on deposits or withdrawals. The broker uses its own funds to cover transaction fees. However, there are a few notes traders must keep in mind:
- Your bank or payment provider might charge their fees;
- Currency conversion fees may apply for international transactions;
- Cryptocurrency network fees are separate from Olymp Trade.
TF Expert Suggestion
After thoroughly analyzing Olymp Trade deposit and withdrawal methods (bank cards, crypto, e-wallet, bank transfers, and payment invoices), we can conclude that Visa/MasterCard, Skrill, and Neteller are the best payment methods in this broker.
Learn about Olymp Trade Skrill deposit and OlympTrade Neteller deposit, by reading Olymp Trade tutorial in TradingFinder, step-by-step guides.
