Deriv Various Payment and Withdrawal Options

Deriv provides a range of payment and withdrawal methods to make your transactions simpler! We accept bank wires, debitcredit cards, ewallets and cryptocurrencies for added convenience.

E-wallets provide a secure way to deposit and withdraw funds online. These services encrypt all payment data in an encrypted format, requiring either a PIN number or fingerprint scan for access.

Bank wires

Bank wires offer a secure and efficient method for transferring money from one bank account to another. They tend to be faster and more affordable than other methods of fund transfer.

Wiring money involves banks exchanging data about the recipient, their bank account number and how much money she is receiving. It also requires International bank account numbers (IBANs) and a Society for Worldwide Interbank Financial Telecommunication (SWIFT) code.

When it comes to transferring funds, it's essential to weigh all your options including wire transfers. They may be ideal for you depending on your requirements and can be useful when making a down payment on a house, sending money overseas to family or friends, or funding your brokerage account.

When sending a large sum of money, it may be beneficial to have someone else handle the transfer for you. Wires can be time-consuming and expensive, so it's wise to select a service with competitive fees for your transfer.

Calculating the cost of a wire transfer can be tricky, as fees vary between banks. Some services allow you to get an estimate of what your fees will be before committing to the transfer.

Western Union's website offers a quote for their wire transfer service, but the estimate may not be accurate enough for your individual situation.

Wire transfers often take several days to process, particularly if they're international. To expedite processing time for your wire, provide all relevant information - such as ABA routing transit numbers for domestic wire transfers and account numbers for international transfers - along with any required signatures.

It's wise to select a bank or financial institution that waives wire transfer fees. Some banks, like Chase and PNC, provide discounts when initiating the transfer online instead of through an agent or teller. Other financial institutions like Comerica allow recurring wires at reduced costs of several dollars each time.

Debitcredit cards

Debit cards make transactions simpler than carrying cash, writing checks or visiting an ATM. You can use your card at nearly any store - including gas stations and restaurants - unlike credit cards which have no annual fee and charge interest on purchases. Furthermore, debit cards enable you to withdraw cash at ATMs without incurring a fee.

Debit cards make it simpler to stay out of debt, since you pay for purchases directly from your checking account rather than borrowing a line of credit. With debit cards, there's no limit on what can be spent; any purchases exceeding what is in your account will be declined. Plus, with automatic payments set up for regular intervals, it will ensure there is always enough money in your account.

Debit cards are often used for everyday purchases like lunch at work or buying groceries at the store. These small purchases help you stay within budget and prevent accruing credit card debt.

However, it's essential to remember that debit cards don't build your credit. If you want to boost your score, use a credit card instead as this will demonstrate to lenders that you can responsibly repay a loan.

Additionally, some merchants will place a temporary hold on your card before you can complete a purchase to guarantee that you have enough funds for the purchase. Depending on the type of hold, it may take a few days before your card's balance reflects the full amount of the transaction.

Another advantage of debit cards is that you won't have to pay any interest charges if you pay off your purchases in full each month. This can save a considerable amount of money over time.

Some debit cards provide rewards that can be redeemed for merchandise or gift cards. These are especially helpful to those who shop frequently online or travel; however, you must sign up for the reward program in order to take advantage of them.

You can use your debit card to deposit cash at a bank's ATM. While this may not be as convenient as using credit card, it can save you a lot of money and keep cash out of the wrong hands - something which could happen with carrying around cash which could easily get stolen.


Ewallets offer a fast and secure way for shoppers to pay online or at the point of sale. These wallets enable shoppers to store payment information securely on their smartphones, plus they provide automatic payments as well as alerts.

Many ewallets also offer contactless functionality, enabling shoppers to check out without touching a credit card terminal or carrying cash in their wallets. This makes them ideal for consumers concerned about COVID-19 which prohibits them from handling cash or coins in stores.

Ewallets often offer refunds within seconds, allowing customers to return items that they aren't satisfied with and get their money back quickly. Furthermore, these payment options can be attractive for merchants since they reduce cart abandonment rates.

Ewallets make accepting payments easier for retailers, since they don't need to deal with credit card processing and fraud prevention. This makes processing transactions simpler for them, leading to more sales and a healthier bottom line.

Another key advantage of ewallets is their portability, which benefits both retailers and customers. This enables them to accept payment from shoppers across multiple markets, thus expanding their market share.

Furthermore, ewallets can make your transactions more secure by providing extra authentication options such as facial IDs and thumbprints. This reduces the risk of fraudulence and guarantees that you only accept money of the correct value for each transaction.

Most ewallets are prepaid accounts that allow customers to store a predetermined amount of money in them, which they can use for payment of goods and services. This makes them ideal for people without bank accounts or merchants who require advance payment for orders.

Prepaid accounts offer no fees and are generally free to use, though they may have certain restrictions. MAS has warned that ewallets may need to abide by regulations within the industry such as providing proper dispute resolution channels.

EWallets are becoming more and more popular, as they save shoppers valuable time by simplifying the checkout process and streamlining registration. Some wallets even go further by enabling users to complete a transaction with just one click. This makes the process faster and more efficient, which is why many ewallet providers are trying to encourage more adoption of their services by offering incentives like cashback or rewards points.


Cryptocurrency allows individuals and businesses to conduct online transactions and send money without the need for a central authority. This means you can send funds securely and quickly anywhere in the world - plus it could even be used for business purposes!

Recently, the cryptocurrency market has seen a meteoric rise. These digital tokens are becoming increasingly popular among sophisticated investors and tech-savvy individuals alike; some even predict they may soon replace traditional money as we know it.

Some companies use cryptocurrencies as payment platforms to enable international clients and vendors to exchange money for goods and services. By doing this, companies are able to receive payments for their goods or services and, consequently, increase their revenue.

However, this new way of paying for things can be challenging to implement. Businesses must weigh several factors before deciding whether or not they want to incorporate this technology into their operations.

First and foremost, they need to guarantee the crypto system is secure and trustworthy. In particular, they need to guarantee their private keys are encrypted; otherwise, anyone with access to them could potentially steal their funds.

Second, they must ensure their clients and vendors can use the currency without suffering adversely. This is particularly pertinent to international clients with different currencies that must be converted before payment can be processed.

Finally, companies need to guarantee their employees are knowledgeable about this new technology. Without adequate expertise, companies could potentially miss out on essential relationships and business opportunities.

Cryptocurrencies lack the stability of traditional bank-issued currency due to lack of central authority protection from bank failures and other financial issues. They're also susceptible to inflation, which could cause their value to decrease rapidly. Thus, working with a bank before using cryptocurrency as payment is highly recommended before considering making this form of digital cash obsolete.