If your trading strategy works and you have a good way to manage your profits, you will definitely get a good amount of money from trading in Pocket Option. The best way to secure your winnings is to withdraw it. In this article, we will share with you a detailed guide on how you can withdraw your money with Pocket Option.
How to withdraw funds
Withdrawing your earnings or winnings in Pocket Option is easy and involves only a number of steps. These steps are as follows:
Create a withdrawal request
To withdraw funds from your account, you need to create a withdrawal request by going to the «Finance» tab in the very left corner of the screen. Pocket Option dashboard. Go to the Finance tab to open a pop-up window for withdrawing funds. Simply select «Withdrawals» from the list of options in the pop-up window.
Another option is to go to the upper right corner of the page. Pocket Option on the toolbar and click your profile picture with the drop-down arrow. Just select the «Withdrawal of Funds» tab in the menu.
Both methods of going to the withdrawal request page will take you to the withdrawal form, where you can enter your chosen payment method and other payment details.
Select the output method
In the withdrawal form, you will be able to see the available balance, the minimum withdrawal amount and the commission for withdrawal. As for the payment method, by default, the payment method that you used when making the deposit will be used. For example, if you used cryptocurrency as a payment method for your deposit, the default withdrawal method will also be cryptocurrency. Other payment methods include card payments, e—wallet and bank transfers. Adding other payment methods to your account is easy and fast, which will be discussed in the last part of this article.
If you prefer to withdraw your funds using the cryptocurrency method, you just need to select the currency, specify the amount and enter the cryptocurrency address. To display the card, simply select the card type and enter the necessary data from the card. On the other hand, if you prefer to withdraw via a digital wallet or an electronic wallet, you can simply choose an online payment method, enter the amount and account number. Finally, for bank payments or bank transfers, simply select a bank from the drop-down menu and enter all the necessary data.
Currency, fees and withdrawal time
To date, the only base currency, Pocket Option uses the US dollar for deposits and withdrawals. However, the funds withdrawn are automatically converted into your preferred currency — usually depending on your payment method and country of registration. Currency conversion along with the Pocket Option withdrawal process is done without commissions.
When it comes to withdrawal time, it usually takes a few minutes on request if there are no account issues. In some cases, it may take several days in case of problems with the account.
The minimum withdrawal amount is $10, excluding any promotions, coupons and discounts of the platform.
Adding and changing payment details
Sometimes you will also need to add a new or change payment method to make your deposits and withdrawals more convenient and affordable. The easiest way is to simply add a payment method when making a deposit. To make a deposit and add a payment method, go to the upper-right corner of the toolbar and click your profile picture to open the drop-down menu. Select ‘Make a Deposit’ from the list to continue adding the payment method.
Currently, there are more than a dozen payment options and methods that you can choose to make your transactions more convenient and faster.
An alternative way to add a payment method, as well as change the current payment method, is to contact the support service. To contact support, go to the left corner of the screen and find the Help button. Select ‘Chat Support’ from the options shown in the pop-up window. This will allow you to start a conversation with a support representative who will guide you through the whole process. Contacting a support representative to resolve any issues is also a good option to avoid mistakes during transactions, as well as to avoid fraud.
If you prefer to solve issues on your own, the Pocket Option Platform has a knowledge base where you can find answers to any questions related to the website, such as depositing and withdrawing funds, canceling transactions, checks, account problems and many others. You can select the «Support Service» menu using the «Help» button.
Our last thoughts
Withdrawal of funds through any trading platform or broker is easy if all conditions and requirements are met. In this regard, it is important to keep in mind certain requirements and conditions for payment methods, which may include fees, minimum amounts transferred, transaction time and much more. In addition, some countries may not accept or allow other payment methods, which may limit the choice of payment options. Nevertheless, Pocket Option is among the few brokers offering the most convenient and fastest payment methods.
Risk Warning: Trading products offered by companies listed on this website carry a high level of risk and may result in the loss of all your funds. You should never trade money that you cannot afford to lose.
Remember that you can consider yourself a successful trader only if you can receive or withdraw your real winnings. If you want to improve your trading skills and get a better chance of making a profit, check out some of the strategies on how to improve trading.