If your trading strategy is working out, and you have a good way to manage your profits, you will definitely raise a good amount of money from trading in Pocket Option. The best way to secure your winnings is by withdrawing them. In this article, we’ll share with you a comprehensive guide on how you can withdraw your money from Pocket Option.
How to withdraw funds
Withdrawing your earnings or winnings at Pocket Option is easy and only involves a series of steps. These steps are as follows:
Create Withdrawal Request
For you to withdraw funds from your account, you’ll need to create a withdrawal request by navigating to the ‘Finance’ tab at the left most corner of the Pocket Option dashboard. Click the Finance tab to access the pop-up window for the withdrawal. Simply choose ‘Withdrawal’ from the list of choices in the pop-up window.
Another option would be to navigate to the upper right corner of the Pocket Option dashboard and click your profile picture with the dropdown arrow. Simply choose the ‘Withdrawal’ tab from the menu.
Both methods of going to the withdrawal request page would lead you to the withdrawal form where you can enter your chosen payment method and other payment details.
Choose Withdrawal Method
At the Withdrawal form, you’ll be able to see your available balance, the minimum withdrawal amount, and the commission for the withdrawal. For the payment method, the default would be the payment method that you’ve used when making a deposit. For example, if you’ve used cryptocurrency as a payment method for your deposit, the default withdrawal method would also be cryptocurrency. Among the other payment methods include card payments, e-wallet, and wire transfers. Adding other payment methods to your account is easy and fast – which will be discussed in the latter part of this article.
Here’s what the withdrawal form for the different payment methods looks like.
If you prefer to withdraw your funds using the cryptocurrency method, you’ll simply need to choose the currency, specify the amount, and input the cryptocurrency address. For card withdrawal, simply choose the type of card and enter the required details from the card. On the other hand, if you prefer to withdraw via digital wallet or e-wallet, you can simply choose the online payment method, enter the amount and the account number. Lastly, for bank payments or wire transfers, simply choose the bank from the drop-down menu and enter all details required.
Withdrawal FAQs on Pocket Option
Here are also a few things you need to know related to withdrawing funds from Pocket Option
Currency, Fees, and Withdrawal Time
As of date, the only base currency that Pocket Option uses for deposits and withdrawals is the US dollar. Nevertheless, the funds withdrawn are automatically converted to your preferred currency – usually depending on your payment method and registered country. The conversion of the currency along with the withdrawal process of Pocket Option is done without fees.
When it comes to the withdrawal time, it usually takes a few minutes upon request if there are no issues with the account. In some cases, it may take a few days for cases of account issues.
The minimum amount to make a withdrawal is $10 exclusive of any promotions, coupons, and discounts from the platform.
Adding and Changing Payment Details
Sometimes you’ll also need to add a new or change a payment option to make your deposits and withdrawals more convenient and accessible. The easiest method would be to simply add the payment option as you make your deposit. To make a deposit and add your payment option, navigate to the upper right corner of the dashboard and click your profile picture to access the dropdown menu. Choose the ‘Deposit’ menu from the list to proceed with adding your payment option.
Currently, there are more than a dozen payment options and modalities you can choose from to make your transactions more convenient and faster.
The alternative method to adding a payment option, and also to changing a current payment option would be to contact support. To contact support, navigate to the left corner of the screen and look for the ‘Help’ button. Choose ‘Support Chat’ from the choices shown in the pop-up window. This will allow you to start a conversation with a support representative who will guide you through the process. Contacting a support representative to address any issues is also a good option to avoid making mistakes during transactions and also to avoid scams.
If you prefer to solve issues on your own, the Pocket Option platform has a knowledge-base where you can find answers to any issues with the website such as making deposits and withdrawals, canceling transactions, verifications, account issues, and many others, you can choose the ‘Support Service’ menu from the Help button.
Our Final Thoughts
Making a withdrawal through any trading platform or broker is easy provided that all conditions and requirements are met. In this regard, it is important to bear in mind certain requirements and conditions by payment options which may include fees, minimum transferable amounts, transaction times, and so much more. Furthermore, some countries may not accept or allow other payment options which may limit the payment option choices. Nevertheless, Pocket Option is among the few brokers that offer the most convenient and fastest payment options.
Remember, you can only consider yourself as a successful trader if you can bag or withdraw your actual winnings. If you want to improve your skills in trading and want to have a better chance of making profits, do check out some of the strategies on how to improve trading.
Did you find this article about making a withdrawal on Pocket Option helpful? If you did, do share with others to guide them through fund withdrawals.
For comments, questions, and suggestions about this topic, do let us know through our comment box located below – we always love to hear your thoughts!
Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.