Olymp Trade Withdrawal: Methods, Issues, and Fees Discussed
Now that you started online trading and invested in the right assets, you may wonder: how do I withdraw the profits from my Olymp Trade account?
Well, don't worry. Olymp Trade is an extremely beginner-friendly trading platform that offers multiple withdrawal methods to get your hard-earned money, so be sure to check out to find the one that works best for you.
Get ready to cash out and get started!
How To Withdraw Money From Olymp Trade?
Withdrawing money from Olymp Trade is SIMPLE. To withdraw money from your account, just follow these steps:
TAKE NOTE: Always use your true personal information when registering for your account in Olymp Trade. It can make withdrawing money from your Olymp Trade account way faster and efficient!
What are the Different Methods to Withdraw Money from Olymp Trade?
Olymp Trade offers a VARIETY OF METHODS of withdrawing money for Indian users, which is also the same way you deposited your cash with Olymp Trade to your account.
Read on to see the Olymp Trade withdrawal methods you can use!
1. Bank Cards and Credit Cards
Of course, the most common method that a LOT of you consider is the use of your Visa and MasterCards from your bank.
Just keep in mind it's best if you use the same card to deposit and withdraw money, for your CONVENIENCE!
2. Online Wallets
Olymp Trade also offers alternative and convenient ways to withdraw your money from your trading account.
Because you can also opt to use digital wallets like AstroPay, Nettler, and WebMoney to withdraw the money you earned from trading on the platform!
If you're someone who lives and breathes crypto, then you're ALL GOOD with Olymp Trade withdrawal! You can withdraw your trade funds through Bitcoin.
PRO TIP: If you prefer another kind of cryptocurrency for your withdrawals, you can simply convert the Bitcoin you withdrew into your preferred digital currency.
What Are the Withdrawal Fees on Olymp Trade?
Olymp Trade doesn't charge you ANY AMOUNT for your withdrawals to the bank account that you own!
However, it's IMPORTANT TO NOTE you might get deductions from the payment channels you use for their services.
Overall, we think it's still a GREAT DEAL on your end of the trade because you have fewer deductions to worry about, with Olymp Trade.
How Long Does It Take to Withdraw Money From Olymp Trade?
While Olymp Trade does offer a secure platform for deposit and withdrawal for your trading transactions, we all know there's a question that everyone wants to ask...
Does Olymp Trade process the withdrawal request from your trading account fast?
The answer is IT DEPENDS. Olymp Trade says they process requests within 24 hours, but may take up to 5 working days for the withdrawal request to be processed.
Of course, this depends on the payment channel that you're using as well. Best be mindful about what you're using!
SOMETHING TO REMEMBER: If you're a VIP account member at Olymp Trade, you get PRIORITY for your withdrawal requests! This means you get the money faster, straight to your bank account.
Do I Need Verification Before Withdrawal on Olymp Trade?
As with all trading platforms, you need to have a verified account first to make a withdrawal. For security purposes, of course!
Mind you, it's very easy and just takes a few steps and a few documents to verify your identity!
1. Your ID Card
Proof of identity is essential to make transactions, especially in a platform that involves money. This ID needs to have the name you registered on the platform to avoid issues.
This can be any valid ID like your Indian National Passport, Driver's License, and such!
2. A Photo of You Holding Your ID Card
For authentication and security purposes, the platform may ask you to present a selfie of yourself holding your ID.
It's an easy step, too! Just make sure the photo is clear enough to show your face and ID.
3. Proof of Residence
Another security measure Olymp Trade has is to present proof of residence of where you're from. Just present any document bearing your name and address to further support your details!
You could use anything like a bank account statement or even your bills bearing your name and address!
Are There Any Common Problems?
Imagine this scenario...
It's been a few days since you withdrew money from your Olymp Trade account, but the withdrawal amount still hasn't been reflected in your bank account.
But the thing is, you checked the status and it says you got to withdraw successfully.
Should you be stressed out? Don't be!
The first thing to check in this scenario is to contact the payment service you used, it might still be processing. Indian users can call their toll-free contact number: 000-8000-402-044.
Make sure the account you're using doesn't have issues on payment rejection or payout mount exceedance, too!
Who Should I Contact Just In Case I Run Into Any Problems?
If you experience any problems where you feel like you're stuck in any of your withdrawals, we have GREAT NEWS for you!
Olymp Trade has an EXCELLENT technical support service to back you up in case of any confusion in your trade, the bank, or any related problem in that matter.
Don't hesitate to contact them, too! Indian users can reach out to their support email at email@example.com for easier access.
The best part is that Olymp Trade can answer your queries within a business day!
Talk about reassurance, right?
If you're wondering if there are any limits to the amount you can withdraw from your account, the good news for you is THERE IS NONE!
But you just need to be mindful that Olymp Trade does have a minimum amount for withdrawal of $10, which is a safe amount if you need some quick cash to withdraw.
Made a withdrawal by accident, you just need to change the amount?
Don't worry, you can cancel those requests while they're still on the processing queue! Just go to the "Transactions" menu of your account and from there, you can cancel the request.
Make sure you don't forget to request a new one to get your money!
While your bonuses provide significant help to you and your trades, it's important to keep in mind they CANNOT BE WITHDRAWN.
However, the profits you got from the bonuses CAN BE. It's best to keep this in mind while trading!
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