Binomo Withdrawal Process | How to Withdraw Money

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In this guide, you will learn the step-by-step process of withdrawing money from Binomo, the available payment methods you can choose from, the withdrawal rules you need to remember, some common problems and their potential solutions, whether you need to be verified to withdraw, and, of course, how long it takes to get your money after your withdrawal request.

See here all the facts about the Binomo withdrawal:

💰 Minimum Withdrawal:	$10 or equivalent in local currency
📈 Maximum Withdrawal:	$3,000/day, $10,000/week, $40,000/month
⚠️ Withdrawal Fees:	None from Binomo, but external fees may apply
⌛ Withdrawal Duration:	4 hours to 3 business days, depending on account tier
💳 Withdrawal Payment Methods:	Bank Cards, Bank Transfers, E-wallets, Crypto wallets
🎁 Bonus Withdrawal:	Verification is required; the account must be in good standing
💳 Withdrawal Without Verification:	Not possible. Full verification is required.

How to Withdraw Money on Binomo: A Step-by-Step Process

Here are the steps you can follow to be able to withdraw your money on Binomo:

Step 1: Log in to Your Account

First, go to Binomo’s official website at www.binomo.com and input your account credentials in the “Login” screen. 

Step 2:  Click Your Profile Icon on the Top Right-Most Corner

After logging in, click your profile icon at the top right corner and select the “Cashier” option from the drop-down menu.

Step 3: Click the “Withdraw Funds” Icon

After clicking the “Cashier” option, you will be prompted with a “Deposit Window” (as shown above). Click the “Withdraw funds” icon on the top left corner from this window to proceed to the withdrawal screen.

Step 4: Input Your Desired Withdrawal Amount and Method

After clicking the “Withdraw funds” icon, you will be directed to a “Request withdrawal” page where you must input your desired withdrawal amount in US dollars and your preferred withdrawal method. 

Clicking the “Withdrawal method” drop-down option will reveal the different withdrawal methods available. Depending on your country, you can choose from four primary withdrawal channels—Bank Cards, Bank Transfers, E-wallets, and Crypto wallets.

Step 5: Click “Request Withdrawal” and Wait for It to Be Credited

Finally, after choosing your withdrawal method and inputting your withdrawal details, click the “Request Withdrawal” button and wait for the amount to be credited to your withdrawal wallet. You can then track the status of your withdrawal request on the “Transaction History” tab beside the “Withdraw funds” tab. 

Do I Need to Be Verified to Withdraw Money?

Yes, full verification (which requires verifying your identity and payment method) is usually prompted when you try to withdraw from the platform. When this prompt appears, you can still deposit funds and trade on your account, but you will be restricted from withdrawing any amount until you complete the verification process.

What documents do I need to prepare for verification?

To help you prepare, the following are the required documents you need to present:

• A photo of your passport, ID card, or driver’s license, both front and back sides (if the document is double-sided). The acceptable documents may vary by country. To check if your identity card is acceptable, visit Acceptable Identity Verification per Country and look for your country’s valid card types.
• Photos of the bank cards you used to deposit funds to your account (front side only).
• A photo of a bank statement (for non-personalized cards only).

Also, these documents must be: 

• Valid for at least one month from your upload date.
• Your full name, numbers, dates, and all corners of the documents must be clearly visible. 
• In the following formats: JPG, PNG, or PDF.

Timeline for Verification

According to Binomo, once you are prompted to fully verify your account, it usually takes less than 10 minutes to confirm the validity of your account (i.e., your identity and payment method), provided that you have all the necessary documents above ready. Afterward, you can then proceed with your withdrawal request. 

However, if your documents cannot be checked automatically (for example, if some details are unreadable or in non-English format), they will have to be checked manually. In this case, the verification period can be extended to 7 business days. 

Payment Methods Available

Depending on your country, you can choose from four primary types of withdrawal channels. 

Withdrawal Method	Description
Bank Cards	These are cards from prominent payment networks (such as Visa and Mastercard) available in your country.
Bank Transfers	These are your local bank accounts in your country that allow direct deposit from Binomo.
E-wallets	These are non-bank digital wallets available in your country and supported by Binomo.
Crypto Wallets	These are cryptocurrencies that allow you to store your withdrawals from Binomo. This includes Tether (USDT), USD Coin (USDC), Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).

Rules for Withdrawing Money on Binomo

Verification Requirement

Once prompted, you must complete and pass the full verification process before you can withdraw your funds from Binomo.

Minimum Withdrawal Requirement

The minimum withdrawal limit per transaction is $10 or its equivalent in your local currency.

Maximum Withdrawal Requirement

The following are Binomo’s set maximum withdrawal conditions:

• Per day: You can only withdraw up to $3,000 or its equivalent in your local currency.
• Per week: You can only withdraw up to $10,000 or its equivalent in your local currency.
• Per month: You can only withdraw up to $40,000 or its equivalent in your local currency.

Bonus Trading Turnover Requirement

If you activate a bonus, you must attain the specified trading turnover requirement before withdrawing the bonus funds. If you withdraw before completing the required trading turnover, a 10% fee may be applied​.

Account Status Requirement

Always ensure that your account is in good standing and not under review or investigation, which could delay or prevent your withdrawal. Hence, never violate any item in the Terms and Conditions.

Common Problems When Withdrawing Money on Binomo (With Possible Solutions)

The following are some of the most common issues you may face when trying to withdraw:

Problem 1: External Technical Issues

Description: The withdrawal page may be “stuck” or unable to proceed with your withdrawal request.

Solution: Check your internet connection. This may be a result of poor or unstable internet. However, if your internet connection is stable, then it may be caused by the browser you are currently using. Hence, try redoing the process on a different browser.

Problem 2: Internal Technical Issues

Description: You cannot load the withdrawal page, or the page appears unresponsive. 

Solution: Check Binomo’s social media channels (links in the table below) to see if there is an ongoing system maintenance or technical issue. If there is, postpone your withdrawal request until the internal issue is sorted. Yet, if the issue is not system-wide, report it to Binomo support and follow their instructions for troubleshooting. They may provide specific steps or alternative methods to complete your withdrawal request.

Problem 3: Account Under Investigation

Description: Your withdrawal is delayed because your account is tagged as “under investigation.”

Solution: Contact Binomo support for details and cooperate fully with any additional verification processes. You may have unintentionally or unknowingly violated one or more items in the Terms and Conditions. Depending on the potential violation, you may need to provide an explanation and undergo specific security measures.

Problem 4: Lower Withdrawal Amount Credited

Description: The total amount credited to your selected withdrawal wallet is lower than what appeared during the withdrawal process.

Potential Solution: Binomo does not charge withdrawal fees. However, note possible fees imposed by your selected withdrawal channel. Depending on your country of residence, currency selected, and specific payment method, these fees may include transfer and Forex/conversion fees. Unfortunately, these fees are required, and you can only be mindful of them on your next withdrawal transactions.

Problem 5: Account Value Below The Minimum Withdrawal Limit

Description: Your total account value is less than $10 (which may result from successive losses).

Solution: You can only withdraw money from your account if it reaches at least $10 or its equivalent in your local currency. Hence, you primarily have two options: first, continue trading to potentially reach the $10 withdrawal requirement, or second, deposit additional funds (note that the minimum deposit is also $10) and withdraw them once and for all.

How Long Does It Take to Receive Your Money after Withdrawal?

Depending on your account tier, Binomo typically takes 4 hours to 3 days to process your request. Here’s what you can expect based on your account status:

• Standard Status User: up to 3 business days
• Gold Status User: up to 24 hours
• VIP Status User: up to 4 hours
• Prestige Status User: up to 4 hours

Once Binomo has approved your request, payment providers can take a few minutes to up to 3 business days to credit the funds to your account. In rare instances, due to national holidays, payment provider policies, etc., it can take up to 7 business days. 

Conclusion

In general, Binomo’s withdrawal process is fairly straightforward. There is a notable contrast between standard status users and VIP or Prestige status users—the higher your account tier, the faster your withdrawal process. Also, it’s crucial to be mindful of the minimum and maximum allowable withdrawals to better plan your transactions in the future. 

Most asked questions about the Binomo withdrawal process: