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4 / 5
Rating of the Binaryoptions.com team
(Risk warning: Trading involves risk)

Spectre.ai minimum deposit and payment methods

Minimum deposit$10
Payment methods Credit Cards, E-Wallet, Crypto
Deposit fees$0

Spectre is an online trading platform that works on the blockchain system. It specializes in binary options. It works as a broker, but unlike a broker, there is no intermediary money, and you can directly trade through your account, which will cut the middleman costs.

While real-time trading can pose a problem to those with busy lives and a constricted free time to trade, online trading through this platform is just the perfect solution to these problems. 

For starting trading on the platform, all you need to do is create an account and make a deposit, and you are all set to start low-risk trading, and that too is the way you want.

Now, you must be wondering how to deposit money in the account, and is it even safe?

If you are thinking this, then worry not because here’s how it all works in a simple and very understandable way in a short number of words.

How to Deposit Money in Your Account to Trade?

To start with your online trading, you need to sign up with an account on the platform. First of all, there are two types of accounts you can register for, which are as follows:

#1 Regular Accounts

The first type of account is a basic kind of account that you find everywhere else, that is, the kind that uses your real money directly from your bank account. Now, there are three ways you can deposit your money in this type of account. These are:

  • You can deposit money in this kind of account directly from your bank account.
  • Ethereum or Bitcoin miners can use their Ethereum or bitcoin address to deposit money in their accounts converted into USD.
  • You can also deposit money from your UPHOLD account if you have one, and then you can deposit money in that account in your local currency and get the USD equivalent of that much amount in your trading account which you invest.

A thing to be noted is when there is a conversion between cryptocurrencies to fiat currencies; the exchange rate movements will be applicable.

#2 DEFI Boost Account

Defi refers to decentralized finance. Spectre is a platform where you can use Defi currencies such as SNX, KNC, LINK, PAX, USDC, etc., according to whatever is available in your location and trade with these.

This is what makes it different from the regular online trading sites. Here the middleman is absent, which leads to extra profit and faster transactions, and more reliability.

Defi currencies are traded in their original form instead of being converted to USD, unlike in the case of Bitcoin, Ethereum, or UPHOLD accounts.

Currently, Spectre supports the following DeFi currencies SNX, BAND, KNC LINK PAX, USDC. The platform also expands the DeFi coins it accepts in the coming times, such as SXDT and SXUT.

Minimum Deposit Amount in Your Account

When opening a regular account, there is the minimum amount of sum that needs a deposit to start the functioning of the new account.

The minimum amount deposit generally depends on the method of payment. There is no need to worry about the minimum deposit amount because it is not a very hefty sum as you would expect. In fact, the minimum deposit amount is actually very affordable and would not hinder the process of your online trading.

In other words, for a regular account, there is a minimum amount to be deposited which is $10, and the minimum trading amount is $1. As you can see, both of these amounts are pretty affordable and do not propose any kind of hurdle to your online trading process.

As for the Defi boost wallet account, it does not require any minimum amount deposit. You can directly start trading from your digital wallet or through a secured portal on Spectre.ai. This makes it so much more convenient for those who have digital wallets and are hoping to use them somewhere.

There are no middlemen or brokers involved in this process. While there are traders who sometimes gain from your loss, this platform only earns a volume-based technology fee when you trade. It provides a hassle-free and efficient way of trading.

It is advisable to start trading with a small amount of money until you understand the risks and methods of trading. While trading seems rewarding, it can also be risky if done carelessly and without enough caution.

Payment Methods

After you have successfully opened an account, you have to deposit funds in your account to start your journey of online trading with Spectre. 

There are different ways in which you can deposit money in your trading account, which makes online trading even easier. Spectre provides you with many options of payment in your account, some of which are listed below:

  • Credit card or debit cards
  • Bank wiring or money transfer
  • UPHOLD account
  • Cryptocurrencies such as bitcoin, Ethereum, etc.
  • PaySafeCard 
  • Skrill
  • Neteller
  • Unionpay (for China)
  • Help2pay, FasaPay, Advcash based on your location.
  • For India, it supports Phonepay, Jiopay.

The payment methods mentioned above are more or less conventional but what is interesting is that the platform is continuously expanding the methods of payment to make it easier and even more reliable to deposit funds in your account.

What makes Spectre different from most of the online trading platforms is that it also uses digital wallets as a method of payment. Using digital wallets as a method of payment is entirely secure and also very convenient, and super-fast.

There might be some transaction fees by using some demon metals such as credit cards, debit cards, etc. The time involved in processing the request of depositing money in your account depends on the payment provider, but it usually takes up to 24 hours to be processed.

How to Deposit Money in Your Account?

Depositing money in your trading account is actually an effortless procedure, and it does not require much time. Once you log in to your account, you have to open the trade execution window and click on the deposit button.

Now you will be required to select your account type, which can be regular or Defi wallet type. After choosing your account type, you need to choose a method of depositing the amount in your account. There are many methods of payment as mentioned above. You can choose any of the payment methods according to your convenience.

Now select the currency in which you want to deposit your money. Enter the amount you wish to deposit in your trading account. Choose the payment details and fill the required form, review the details and click on deposit to deposit successfully. 

There is a limit to the maximum amount you can deposit in your account without an approved KYC application. The maximum amount is usually $100 without a fully approved KYC.

To Fully Verify Your Account

If you want to deposit more than $100 in your trading account, you need a verified account. For a fully verified account, it requires you to upload the following documents mentioned below:

  • Proof of identity 
  • Proof of address which is within in the last 90 days 
  • A recognizable photo holding the given proof of identity.

After you submit your KYC application within some time, your KYC application is reviewed and entirely approved by the platform. Once your KYC is approved, your account is verified thoroughly, and then you can trade freely without a maximum limit to your daily transactions on trading online. 

An advantage to this platform is there is no payment required for the inactive accounts. So, if you are busy for some days or are somehow not able to engage in trading, there will not be any payment required. Did you ever think that trading could be this trouble-free?

This platform has very helpful and friendly customer service. If you have any doubts or problems at any stage of registering or opening an account, you can easily contact the respected authorities to solve; you’re your problem as soon as possible. There is also a helpline number which can help you if you need assistance urgently.

Conclusion

Spectre.ai is an online trading platform that allows you to trade according to your convenience and interests. It works on the blockchain system, which makes it easier for the users; without human involvement, it serves as one of the most secure ways of trading.

Trading was never as simple as it is now. Online trading platforms such as Spectre have made it much easier for everyone to trade. The ways of depositing money in your account have also expanded substantially with time. Along with the conventional ways, there are also new and innovative methods of depositing money that is also more secure such as payment through digital wallets.

These new methods of payment process your request in a significantly reduced time and are highly hassle-free and reliable. So, if you are trying to find an online trading platform to start trading without much trouble, visit spectre.ai and start investing in your interest of assets now!