Deposit and withdraw funds from Binomo via internet banking and e-wallets in Brazil

To start real trading on the Binomo platform, the first step is to make a minimum deposit. There are many payment methods available in Brazil. This article will tell you how to deposit in Binomo and withdraw funds using Internet banking and e-wallets.

Internet Banking

Many traders are interested in how to deposit in Binomo. One of the most convenient options is to do it through Bank Transfer. If you are a user from Brazil, to fund your trading account via internet banking, you may choose from several payment methods, including Bank Transfer, Boleto Rapido, PIX, Itau, Bradesco, and Santander. Let’s take a closer look at each of them below.

Bank Transfer

To fund your Binomo trading account using Bank Transfer, just follow the simple steps below:

1. Tap the “Deposit” button in the top-right corner of the screen.
   
2. Enter Brazil in the “Country” field.
   
3. Select “Bank Transfer” from the available deposit options.
   
4. Enter the amount to add. Note that the minimum deposit is only $10 (or equivalent in Brazilian real).
   
5. Type your name as the bank account owner, and click “Deposit”.
6. In the opened window, enter your CPF, accept the terms of the transaction and select the form of payment.
   
7. Fill in all required details, and tap “Debit”.
8. Make the transfer from any bank to the selected account, and send the deposit receipt. Note that the origin bank account must belong to the same CPF the user informed.
9. After you have sent the receipt, tap the “Complete deposit” button.

Note! You can track the deposit status in the Binomo “Transaction history” section.

Withdrawing funds from Binomo via Bank transfer

Take the following steps to withdraw cash from the trading platform to your bank account.

For web users:

1. Select the “Cashier” tab by clicking your profile icon in the top right-hand corner of the screen.
2. Head to the “Withdraw funds” section.
3. Enter the desired amount, and select “Bank transfer”.
4. Fill in the details of your bank account.
5. Click the “Request withdrawal” button.

For users of the Binomo mobile app:

1. Select the “Balance” area from the left-side column.
2. Hit the “Withdraw” option.
3. Enter the payout amount and choose “Bank transfer” as your withdrawal method.
4. Fill in all the required information about your bank account.
5. Click “Request withdrawal”.

Once your request is approved, the funds will be credited to your account within three business days (or more). The final crediting time depends on the payment provider.

Itau

Traders from Brazil can deposit and withdraw cash from the trading platform using Itau. Read below to learn the step-by-step process on how to deposit in Binomo from the Itau account:

1. Click the “Deposit” button in the top-right corner of the screen.
   
2. Specify Brazil as your country, and click “Itau” in the “Deposit method” section.
   
3. Specify the deposit amount, and tap the “Deposit” button.
   
4. Enter personal data (name, email, phone number, CEP, CPF), and click “Confirm”.
   
5. Note down the PIX Key. Don’t close this page just yet, so you can complete the payment by downloading the receipt.
   
6. Login to Itau. Tap on the “PIX” menu.
   
7. Click “Transfer” and enter the PIX Key.
8. Click “Continue“.
   
9. Check the deposit sum and tap “Continue” again.
10. Ensure that all details are correct, and click “Pay”.
    
11. Enter the deposit amount, select the type of account, and click “Continue”.
12. Check if everything is correct and click “Confirm”. Then enter your security code.
13. The transaction is complete. Save the receipt.
    
14. Go back to step 5 and push the “Click here to send proof” button.
    
15. Enter bank details and click “Upload” to add the receipt.
    

Now you just have to wait for the funds to be credited to the trading platform. If your account hasn’t topped up within 24 hours, or you face another problem, write to managers at support@binomo.com.

Withdrawal of funds from Binomo to Itau

You can withdraw your additional income to Itau if you have deposited from it. All you need to do is:

1. Click your profile icon and go to the “Cashier” section.
2. Proceed to the “Withdraw funds” tab.
3. Enter the desired amount, and select “Bank transfer”.
4. Fill in the details of your Itau account.
5. Click the “Request withdrawal” button.

Once your request is approved, the funds will be credited to your account within three business days (or more). The final crediting time depends on the payment provider.

Boleto Rapido

If you wish to fund your account using Boleto Rapido, the information below will be helpful. Read on to find out how to deposit cash in Binomo from the Boleto Rapido account:

1. Head to the “Cashier” section by clicking the “Deposit” button in the upper-right corner.
   
2. Select Brazil as your country in the drop-down list.
3. Choose Boleto Rapido from the deposit options available for your region.
   
4. Enter the amount to invest and tap the “Deposit” button.
   
5. Fill in your name, email address, phone number, CPF, and CEP.
6. Push the “Confirm” button.
   
7. Download Boleto by clicking “Save PDF”. Also, you can scan the barcode from your banking app or copy the barcode.
   
8. Tap “Payments” after logging into your bank account, and scan the barcode from your mobile’s camera. Alternatively, you can click “Enter Numbers” in your bank app.
   
9. In a new window, make sure all the data is correct and click “Confirm”.
10. Tap “Next” after checking the deposit amount.
11. To finalize the transaction, click “Сomplete” and enter a 4-digit pin code.
    

Now you can track the payment status in the “Transaction history” section.

Withdrawal of funds to Boleto Rapido

To withdraw cash from the Binomo trading account to Boleto Rapido, all you need to do is several simple steps:

1. Click the profile icon and head to the “Cashier” section.
2. Click the “Withdraw funds” tab.
3. Specify the amount you wish to get and push “Bank transfer”.
4. Fill in the data required to log in to your Boleto Rapido account.
5. Click “Request withdrawal”.

Now all you have to do is wait for the funds to arrive in your account. It usually takes no more than three business days.

Santander

If you wish to fund your trading account using Santander, just follow these steps:

1. Go to the “Cashier” section.
   
2. State Brazil in the “Country” line and find Santander among the payment methods available to it.
   
3. Click the “Deposit” button after entering the amount to invest.
   
4. Click the “Confirm” button after submitting personal details like your name, phone number, email, CPF, and CEP.
   
5. Once the PIX Key has been generated, copy it over.
   

   Note! Don’t close this page. You will have to return after filling in some details in your Santander account.

6. After logging into the Santander account, locate the “PIX” menu and click “Transfer”.
   
7. Select “Pix and Transfers” from the next section, then choose “Make a transfer”.
   
8. Click the “Continue” button to make the bank transfer after filling in the account information.
   
9. The payment process has been completed. Save your receipt by clicking “Save PDF”.
   
10. It’s time to return to step 5 and select the option “Click here to send proof”.
11. State your bank details, and click the “Upload” button to attach your receipt.
    

Now your transaction is completed. To track your deposit status, head to the “Transaction history” tab by clicking the “Deposit” button.

Withdrawal of funds from Binomo to Santander

Receiving funds to a Santander account is no different from the withdrawal processes described earlier. But let’s go through the steps again:

1. Click your profile icon and choose “Cashier” or tap the “Deposit” button.
2. Head over to the “Withdraw funds” tab.
3. State the amount you wish to receive and click “Bank transfer”.
4. Fill in all the details of your Santander account.
5. Tap the “Request withdrawal” button.

Funds will reach you within a few hours to 3 business days or more.

Bradesco

Bradesco is one of the largest private sector banks in Brazil. Let’s take a closer look at how to invest in the Binomo platform and withdraw extra income through it.

To deposit cash to your Binomo account, follow the simple instructions below:

1. Click the “Deposit” button.
   
2. State Brazil in the “Country” line.
3. Choose Bradesco in the next section.
   
4. Enter the amount you want to add and click “Deposit”.
   
5. Fill in your personal information (full name, email, phone number, CPF, and bank).
6. Click the “Confirm” button.
   
7. There will be a PIX Key in a new window. You need to save or copy it.
   
8. Log in to your Bradesco account, go to the “PIX” menu, and click “Transfer”.
   
9. Select the email and click “Confirm”.
   
10. Re-enter the address from step 5 and click “Confirm”.
    
11. Specify the deposit amount, select your account type, and click “Continue”.
    
12. Double-check if the data is correct, and click “Confirm”.
13. Enter your security code, and the payment is complete.
    
14. Return to step five and tap the option “Click here to send proof”.
    
15. State your bank details and click “Upload”.
    

The process is completed, and you can track your deposit status in the “Transaction history” tab.

Withdrawal of funds from Binomo to Bradesco

The withdrawal process to Bradesco is similar to Itau, but let’s go over the main points:

1. Click the “Deposit” button in the top-right corner.
2. Go to the “Withdraw funds” section.
3. Enter the payout amount.
4. Select “Bank transfer” and fill in all the details of your Bradesco account.
5. Tap “Request withdrawal”.

The withdrawal process has been initiated, and your funds will be in your Bradesco account within three business days or more. If more than a week has passed and you still have not received a payment, write to support.

PIX

Read below to learn the step-by-step process on how to deposit in Binomo from the PIX account:

1. Tap the “Deposit” button in the top-right corner of the platform.
   
2. Specify Brazil as your country.
3. Select PIX in the “Deposit method” section.
   
4. Specify the amount to invest, and click “Deposit”.
   
5. Fill in your personal information like full name, phone number, email address, CEP, and CPF.
6. Click “Confirm”.
   
7. A QR code will be generated. Copy it or scan it with your phone.
   
8. Log in to your bank account and click “PIX”.
9. Push the “Scan QR Code” and scan it with your phone camera.
   
10. Check if all the information is correct and click “Pay now”.
    
11. Enter your PIN to confirm the deposit.
    
12. To check its status, you can head to the “Transaction history” section.

Now you just have to wait for the funds to be credited to the Binomo account. If it hasn’t topped up within 24 hours, or you face any other problems, contact the managers by writing to support@binomo.com.

Withdrawing from Binomo to PIX

You can withdraw funds to a PIX account if you have previously deposited from it. All you need to do is:

1. Click your profile icon and visit the “Cashier” section.
2. Proceed to the “Withdraw funds” tab.
3. Type the desired amount and click “Bank transfer”.
4. Fill in the details of your PIX account.
5. Push the “Request withdrawal” button.

Once your request is approved, the funds will be credited to your account within three business days (or more). However, the final crediting time depends on the payment provider.

E-wallets

Along with internet banking, the Binomo platform offers several other deposit options, including e-wallets and crypto wallets. Brazilian traders can add cash to their accounts using Picpay, Jeton Wallet, and Binance Pay. Let’s discuss them in more detail.

Picpay

To deposit funds from Picpay and start real trading on Binomo, follow the straightforward instructions below:

1. In the upper-right corner of the screen, select the “Deposit” button.
   
2. Сhoose Brazil from the “Country” area.
3. Select “Picpay” in the “E-wallets” section.
   
4. Click “Deposit” after entering the amount you wish to deposit.
   
5. Enter personal information (name, email, mobile number, and CPF).
   
6. Check the amount and tap the “Confirm” button.
7. QR code will become visible. Activate your PicPay app, select “QR code”, and scan it.
   
8. Choose a payment method and click “Pay”.
   
9. Enter your bank card details, and tap “Continue” after entering your security password.
   

After debiting funds from your electronic wallet, they are most often credited to the Binomo account instantly. You can check the payment status in the “Transaction history” section if they don’t.

Jeton Wallet

To fund your trading account using Jeton Wallet, follow these steps:

1. Go to the “Cashier” section by clicking on your profile icon.
   
2. Specify Brazil in the “Country” field.
3. Click “Jeton Wallet” in the “Deposit funds” section.
   
4. Specify the amount for adding to Binomo.
   
5. Log in to your Jeton account using an email and password or scan the QR code. If you have never used the e-wallet before, register by tapping “Sign up here”.
   
6. Choose the Jeton account you want to deposit funds from and push the “Pay with wallet” button.

If the transaction is completed, the “Payment successful” message will appear on the screen.

Binance Pay

Another of the most popular e-wallets for Brazilian traders is Binance Pay. To fund your Binomo account through it, follow the steps below:

1. Click “Deposit” to go to the “Cashier” section.
   
2. List Brazil as your country.
3. Scroll down to the “E-wallets” section and select Binance Pay.
   
4. Enter the amount and click “Deposit”.
   
5. Scan the QR code on the Binance App or follow the link to download it.
   
6. Check the amount and click “Login and pay”.
7. Login to the Binance account with your email and password. If you don’t have one, register by clicking “Create a Binance Account”.
8. Confirm your deposit by clicking “Pay”.
   

The funds will be credited to your Binomo account shortly.

How to deposit using crypto wallets?

Many crypto wallets are available on Binomo, including Binance Coin, Tether USD TRC20 token, Bitcoin, Tether USD ERC20 token, Ethereum, and Litecoin. It usually takes 30 to 45 minutes for the payment to be credited to the Binomo account.

Note! Even if you already know Binomo’s wallet address, you shouldn’t send funds alone. Instead, always use the “Cashier” section whenever you wish to fund the account. The platform won’t be able to process your payment otherwise.

How to deposit in Binomo using crypto wallets:

1. In the top right-hand corner of the platform, choose the “Deposit” key.
   
2. Сhoose Brazil from the “Country” area.
3. Select the desired wallet as your payment option.
   
4. Tap “Deposit” after entering the amount you wish to invest. Note that the minimum amount for depositing through crypto wallets is 40$.
   
5. You’ll be taken to a new page where you may enter the deposit amount, the recipient’s wallet address, the transaction ID, and the confirmation code. Please save a copy of it.
   

Note! Once you’ve saved all the information, don’t exit the page. If there are any problems with the payment in the future, the support will ask for the data. Also, ensure the amount you transfer matches what is shown on the payment page.

Other payment methods

Let’s look at what other methods to fund a Binomo account are available to Brazilian traders.

Loterica

Take the following steps to make a deposit to your Binomo account via Loterica:

1. In the top-right corner, tap the “Deposit” button.
   
2. State Brazil in the “Country” field.
3. Select Loterica in the payment methods list.
   
4. Click “Deposit” after stating the amount you wish to invest.
   
5. Tap the “Confirm” button after submitting your personal details (name, email address, phone number, CEP, and CPF).
   
6. Head over to the nearest “Loterica” to make the payment after taking note of the “Agreement code” and your “CPF/CNPJ number” reflecting on the screen.
   
7. Take a receipt, and the transaction is completed.

It can take an average of an hour for the funds to reach your trading account.

Withdrawing from Binomo to Loterica

Withdrawing additional income is even simpler than depositing. Just follow the instructions below:

1. Tap the “Deposit” button or select the “Cashier” section in the menu.
2. Push the “Withdraw funds” button.
3. After selecting the desired amount and taping “Bank transfer”, fill in the Loterica account details.
4. Click the “Request withdrawal” button.

Once the platform approves the request, you will receive your funds within three business days or more.

Frequently Asked Questions (FAQ)

If you are still unclear about investing in the Binomo platform, the following answers to frequently asked questions will be helpful.

Is it safe to send Binomo my funds?

It is completely safe to send funds through the “Cashier” section or the “Deposit” button on www.binomo.com. The company works only with proven and reliable payment service providers, both national and international.

Furthermore, payment service providers comply with all local and international personal data protection and security standards. They include 3-D Secure and the PCI standard (used by VISA and some others). Therefore, your data is always safe, and you can deposit money in Binomo without worrying about security.

My deposit didn’t go through; what do I do?

This problem does not occur often but can still occur for various reasons.

1) Funds have not been debited from your Wallet

The most common reason is that your payment is pending, and it may take some time (up to 3 business days) to process it. However, if your payment is declined, the service provider will tell you the reason for the rejection so that you can resolve the issue.

If the payment does not go through for more than seven days, contact Binomo support or your service provider for assistance and guidance regarding the completion of the transaction.

2) Funds have been debited but not credited to Binomo

In this case, Binomo recommends waiting one business day. But if the problem persists, contact Binomo support via email, sending proofs of payment such as transaction ID, account number, and screenshots.

If you see the status of your payment as “Pending”, follow these steps:

1. Check if you have correctly followed the instructions for depositing Binomo. It is available in the Help Center under “Deposit”.
2. Contact your bank/digital wallet provider to help issue if your payment takes longer than one business day to process.
3. Email support@binomo.com if the funds have not been credited to your account and your payment provider assures that everything is in order.

You may check the transaction history section in your account to get further information about all the past transactions. The “Transaction history” section is located in “Cashier” if you trade through the site www.binomo.com. If you are using a mobile application, open the left side menu, select the “Balance” section and view the transaction history.

If your deposit status is “Rejected” or “Error”, click on the rejected deposit to find out why. Try to eliminate the cause and send the deposit again. If the error persists, email support@binomo.com.

How much time does it take for funds to be deposited into my account?

Once you complete the transaction, it is assigned the “Pending” status. It implies that the payment service provider is processing the payment. In most cases, your funds appear in your account within an hour. But sometimes, due to national regulations or processing limitations, it may take up to 6-8 hours.

Remember that the maximum processing time for most payment service providers is 3-5 working days, which rarely comes to that. However, your payment may coincide with national holidays and may be delayed by a few days. In this case, contact your service provider to know the exact status of your payment and the expected time it might take to clear it.

How do I fund my account with an e-wallet in a different currency?

You do not have to worry if your wallet is in a different currency. Proceed with the usual payment method, i.e., through the “Cashier” section on the website www.binomo.com or “Balance” in the app. Your funds will be converted to the currency of the Binomo account automatically.

Also, note that Binomo does not charge any currency conversion fees. However, some fees may apply from the payment service provider. Therefore, it is recommended to find out about this from your service provider before paying.

Moreover, before your payment is processed, Binomo will show you the converted amount in the target currency. It ensures better decision-making at the user’s end.

Does Binomo charge for depositing?

Binomo does not charge fees or commissions when you deposit funds to the Binomo account. Actually, it is quite the opposite. When you replenish your account, you can get a bonus. The deposit bonus amount depends on your account’s status and can reach up to 100% for Standard, up to 150% for Gold, and up to 200% for VIP.

However, some payment service providers may charge their fees for transferring funds. It is especially true if your payment method and Binomo account are being operated in different currencies. In such cases, the service provider may charge a certain conversion fee.

Note! Be sure to check with your payment service provider for any applicable fees/fees.

When will the funds be credited to my Binomo account?

It may largely depend upon your payment service provider. Some transfers are credited instantly, while others may take up to 3 days.

Remember that national laws, payment service providers’ policies, or local holidays may delay transaction processing. In 99% of the cases, any delay is at the end of the payment service provider and not Binomo.

Don’t worry if your funds are not credited to your account even after a few hours. Wait for at least one business day. If the issue persists, contact support@binomo.com to find out the exact reason for the delay.