Raceoption offers diverse deposit and withdrawal methods, including 12+ cryptocurrencies, Visa, and Mastercard, with a minimum withdrawal of $50 for transactions.
Visa transactions incur a 5% fee, while other methods are fee-free.
List of deposit and withdrawal methods in Raceoption
A diverse range of deposit and withdrawal options are provided by the Raceoption Broker, which can be categorized into 3 main methods:
- Cryptocurrencies;
- E-payments;
- Bank Cards.
Cryptocurrency
Cryptocurrencies have become increasingly popular in the trading world, and Raceoption has embraced this trend. Here's the list of supported cryptocurrencies:
- Bitcoin (BTC);
- USD Coin (USDC) ERC-20;
- TrueUSD (TUSD) ERC-20;
- Paxos (PAX) ERC-20;
- Ethereum (ETH);
- Litecoin (LTC);
- Tron (TRX);
- Binance Coin (BNB);
- Bitcoin Cash (BCH);
- Dash (DASH);
- ZCash (ZEC);
- Tether.
Tether (USDT) is available on 3 networks: ERC-20, TRC-20, and BEP-20; Making it one of the flexible options for deposit and withdrawals
Tether ERC-20 (Ethereum)
- Deposit: Tether ERC-20 Funding offers strong security, but the transactions can be slower due to the network's congestion. The fees are typically higher compared to other networks;
- Withdrawal: Similar to deposits, withdrawals on ERC-20 can be slower and come with higher gas fees. The Ethereum network’s congestion can cause delays during peak times, increasing transaction costs.
Tether BEP-20 (Binance Smart Chain)
- Deposit: Tether BEP-20 Deposit on Binance Smart Chain offers low fees and fast transaction speeds. The network’s high throughput allows for smooth transfers;
- Withdrawal: Tether BEP-20 Withdrawals are typically fast, with low fees.
Tether TRC-20 (Tron)
- Deposit: Tether TRC-20 Deposits are known for their lower fees and higher speed. The Tron network is highly scalable, making deposits cost-effective and quicker, especially for frequent transfers;
- Withdrawal: Withdrawals using TRC-20 are also faster and have lowest fees, with the added benefit of higher scalability.
The minimum amount is the same as follows:
- for withdrawal: $50;
- deposit: $200.
*Note: Based on the Account Types page on the website, the minimum starts from $250, while in the payment process, the default minimum is set to $200.
Cards Deposit and Withdrawal
For those who prefer traditional methods, Raceoption offers the convenience of Visa and Mastercard Payments.
With these methods, users can leverage the global reach of these payment networks, enabling them to transact virtually anywhere.
These methods are especially beneficial for individuals who are new to trading platforms and prefer a straightforward way to deposit and withdraw funds without relying on digital currencies.
E-payments
With the ease of Electronic Payments, users have many options for funding their accounts based on their region:
method | Region | availability |
Sber Bank | Russia | No |
Другой банк РФ | Russia | No |
Raiffeisen Ban | Russia | Yes |
enpara.com | Turkey | No |
Diğer Türkiye Bankaları | Turkey | No |
DenizBank | Turkey | No |
ING | Turkey | No |
Halkbank | Turkey | No |
PayFix | Turkey | No |
N Kolay | Turkey | No |
Türkiye Finans | Turkey | No |
VakıfBank | Turkey | No |
NEFT | India | Yes |
RTGS | India | Yes |
UPI | India | Yes |
IMPS | India | Yes |
Papara | India | No |
As you can see, some methods might not be available in some countries.
Payments Processing Time
Raceoption prides itself on its quick transaction processing times:
Method | Deposit Time | Withdrawal Time |
Cryptocurrency | Instant | Up to 1 hour |
Bank Cards | Instant | Up to 1 hour |
E-wallets | Instant | Up to 1 hour |
As you can see, all methods offer instant deposits and impressively fast withdrawals. This quick turnaround time is a significant advantage for traders who value efficiency and quick access to their funds.
Deposit and Withdrawal Fees
Raceoption's fee structure is favorable for most users. Here's a summary of the fees for different payment methods:
Method | Deposit Fee | Withdrawal Fee |
Visa/Mastercard | 5% | 5% |
Cryptocurrency | 0% | 0% |
E-wallets | 0% | 0% |
As you can see, Visa transactions are the only ones that incur a fee. All other methods are free to use, making Raceoption an attractive option for cost-conscious traders.
Common problems for deposit and withdrawals
While Raceoption offers a range of convenient payment options, some users have reported issues:
Issue | Deposit | Solution (Deposit) | Withdrawal | Solution (Withdrawal) |
Incorrect Details | Wrong card or wallet details cause transaction failures. | Double-check all payment information before proceeding. | Errors in account or wallet details may lead to failed or lost requests. | Verify withdrawal details carefully before submitting. |
Unresponsive Platform | Platform downtime may disrupt deposits. | Wait and retry when the platform is operational or contact support for updates. | Platform issues may delay withdrawal processing. | Reach out to RaceOption support if the platform remains unresponsive. |
Bank/Wallet Restrictions | Bank or wallet limitations can block deposits. | Confirm with your bank or wallet provider that the transaction type is allowed. | Banks or wallets may restrict or block withdrawals. | Check with the bank or wallet provider for any restrictions on transfers. |
It's important to note that while these problems have been reported, they may not be universal experiences. Always do your due diligence and read recent reviews before committing to any trading platform.
Writer's opinion and conclusion
Raceoption excels with fast, diverse deposit and withdrawal options, including cryptocurrencies like BTC, ETH, and USDT, as well as traditional methods like Bank Cards.
Instant deposits and withdrawals within 1 hour meet the needs of active traders. Some Regional payments options like Papara for users in India and Raiffeisen Ban for Russians may not be currently available.
Among the 3 payment methods, cryptocurrencies, especially the cost-saving Tether TRC-20, are more popular; thus, we suggest you read Deposit RaceOption Tether TRC-20 in our listed articles on the RaceOption Tutorial page. To find more videos about the platform, subscribe to TradingFinder's YouTube Channel.
