Electronic wallets are one of the most popular deposit methods on the Binomo trading platform. In this review, we will discuss how to deposit in Binomo and withdraw extra money from it using Skrill.
How to fund the trading account using Skrill?
Once you feel ready to move from a free Binomo account to a real one, you can deposit.
The minimum amount to deposit in Binomo is only 10$ (5$ for India).
To invest in the platform using Skrill, just follow the steps below:
- Click the yellow “Deposit” button on the top-right corner of your screen.
- Specify your country, and select “Skrill” from the list of available deposit options.
- Enter the amount, and click “Deposit”.
- Copy the email address used to register your Binomo account, and click “Next”. If you need detailed GIF instructions, tap the “How to make a deposit” button.
- To enter Skrill transaction ID, open the Skrill account and send funds to the Binomo account, which email address you copied in the previous step.
For this:- Use “Skrill to Skrill” in the “SEND” section.
- Paste the email address, and click “Continue”.
- Enter the amount, and tap “Continue” again.
- Review the transaction details, and click “Confirm”.
- In the popup window, enter the PIN, and click “Confirm”.
- Go to the “Transactions” section, and copy the transaction ID.
- Use “Skrill to Skrill” in the “SEND” section.
- Return to the Binomo platform, paste the Transaction ID in the given field, and click “Confirm”.
Usually, the funds are credited to the trading account instantly, but sometimes it can take up to 24 hours. You can track the status of your deposit in the “Transaction History” section on Binomo.
Withdrawal process
According to the Binomo policy, the minimum amount for cash withdrawal is identical to the minimum deposit. It is $10 or the equivalent, like INR 830. Conditions for using Binomo also provide for maximum withdrawal limits: $3000 per day, $10,000 per week, and $40,000 per month.
To withdraw funds from your trading account to Skrill, you need to:
- Tap the “Deposit” button or choose the “Cashier” option in the menu. If you use the Binomo App, open the menu on the left and click “Balance”.
- Select the “Withdraw Funds” tab (“Withdrawal” for app users), and enter the amount.
- Choose “Skrill” from the list of payment methods, and click “Request Withdrawal”.
After processing the withdrawal request, the time for funds to be credited may take up to 3 days or more (depending on the type of Binomo account). To track the status and get proof of withdrawal, you can visit the “Transaction History” section.
General
The platform offers a wide range of payment options, including e-wallets such as Skrill, so Binomo users usually have no problems with deposits and withdrawals. However, trading is associated with the risk of losing investments, which can only be reduced by learning and practicing on a demo account. Before depositing even the smallest amount, practice on Binomo for free.
