Traders say that Binomo’s withdrawal policy is very convenient. Even beginners can learn how to deposit and withdraw money from Binomo in a few minutes. Moreover, they can practice on the demo account with a Binomo free deposit, which is virtual $10.000.
In this review, we will give step-by-step instructions on all of Binomo’s deposit options, limits, and withdrawal methods in Indonesia and guide how to avoid any problems.
Virtual Account
You can use a Virtual Account to deposit and withdraw funds from Binomo. We recommend choosing BRI or BNI Virtual Accounts. However, we do not recommend replenishing them from OVO and GoPay wallets. Maybank and Permata Virtual Accounts are well suited for this.
Note! If you want to deposit funds on your Virtual Account via ATM, we recommend keeping the ATM receipt until the funds are credited to the account.
How to deposit through a Virtual Account?
To deposit funds in Binomo, please make the following steps:
- First, find the “Deposit” button on the top of the screen.
- Then find the section “Deposit funds” and choose “Indonesia” in the “Country” section, and the payment method “Virtual Account.”
- Decide which amount you want to deposit and tap the “Deposit” button. Also, choose the currency.
- Choose any bank from which you want to deposit on Binomo and click the “OK” button.
Now let’s see how to make the transfer to BCA bank.
- In the window for the bank payment, you will need to use the name and account number shown in the details, for example, BCA bank details. You also will need to indicate a bank remark to make the bank transfer.
- At this step, you will need to go to the bank website, for example, the BCA website, and then log in using the given username and password.
- Choose the option “Transfer Dana” and then choose “Daftar Rekening Tujuan”.
- After that, you will need to choose the option “Rekening bank lain” because the account does not belong to the BCA.
- After all these steps, you can choose the bank and enter all the account details, including the account name and number.
- If all the details are correct, you will get an SMS code, which you will need to enter.
- At this step, your account will be created. Then, you can open the main menu and choose “Dana Transferi” and transfer to the other bank (“Transfer ke Rek, Bank lain Dalam Negeri”) to get the opportunity to make the transfer of funds.
- You will also need to indicate account details, including the name and account number, once again. Also, indicate the amount you want to transfer and enter the BCA key.
- If everything is correct, you will see on the screen the details of the transaction.
To ensure everything is correct, you can find all the details in the “Transaction History” menu.
JBC bank card
One of the methods for the deposit into Binomo is through a bank card. You can simply do that by following the below-suggested steps.
How to deposit in Binomo via bank card?
Here are the short instructions on depositing your account through a bank card:
- You will find an option of “Deposit” on the top right corner of your Binomo account; select that.
- You will then find an option to select your country, so choose “Indonesia.”
- Select the brand of your card, either as JBC.
- In the next step, enter the minimum or other amount you wish to deposit in Binomo.
- Fill out the form with the correct information: card number, cardholder name, expiration date, and CVV code. Press “Pay.”
- You will receive a message with a code; enter that code.
That’s all. Your transaction will be completed.
E-Wallets
In addition to the withdrawal and deposit methods mentioned above, you can use e-wallets, in particular, Advcash, Binance Pay, and Perfect Money. This method is available both in the Binomo app and website.
Keep in mind that depending on your e-wallet, deposits/withdrawal time can take up to several hours.
How to deposit funds through e-wallets?
It is a very popular and convenient deposit method because transfers with e-wallets are very fast, and they usually have small commissions, if any. To deposit through e-wallets, please do the following steps:
- Сlick on the “Deposit” button.
- Find the “Deposit funds” section and choose the payment method.
- Decide on the amount of the deposit amount and tap the button.
- Log in to the e-wallet website using your name and password, and process the payment.
If everything is correct, you will get a message confirming the processing of the transaction. Save all your receipts after the transactions have been completed cause they are your deposit/withdrawal proofs.
How to withdraw funds through e-wallets?
This is the short instruction on withdrawing funds from a Binomo account using e-wallets.
- Go to the “Cashier” option.
- Choose “Withdraw funds.”
- Select the amount and the type of e-wallet you would like to use.
- Fill in the details, and it’s done.
Note! The minimum withdrawal amount allowed by Binomois $10/€10 or an equivalent of $10 in IDR. Another condition: withdrawal from Binomo is possible only to the wallet from which the deposit was made.
Conclusion
You must have learned much about depositing and withdrawing funds from Binomo in Indonesia by reading the overview. Of course, cash withdrawal is not provided here because all transactions occur via the Internet. But please remember that knowing all those methods is not everything you need to know about trading. Learn strategies, read guides, and watch tutorials to skill up and reduce the risk of losing funds.
