Before you start trading, it is essential to understand how you can move funds in and out of your account. To make trading more accessible for you, Deriv has various methods of payment that allow you to make deposits and withdrawals simply and efficiently.
From e-wallets to cryptocurrencies, each payment method is carefully selected with you in mind. For instance, we constantly look into payment methods that are popular among our clients in various locations and add them to our portfolio. So, no matter where you are, you will always have several options.
Types of payment methods on Deriv
Online banking, or bank wire, is one of the oldest forms of digital transaction methods, widely used globally.
This method allows you to access your bank account online and conduct transactions. All you need is a device that can be connected to the Internet.
These are some of the bank wires we support:
Credit and debit cards are one of the most popular payment methods that require you to have an active card with a bank. Whether you can use credit, debit or both types of cards is usually determined by your location and the card provider.
On Deriv, we accept both credit and debit cards for deposits and withdrawals.
Here is a full list of accepted cards:
It is important to note that as the cardholder, you should be aware of the terms and conditions set by your bank.
E-wallets represent a closed ecosystem, where funds circulate only between users and integrated merchants. This makes transactions much quicker, offering an overall smoother experience.
Most e-wallets are used for international transactions as they have a global or at least continental reach.
Like credit and debit cards, each e-wallet has its unique authentication process. Among the most popular e-wallets are Skrill, Neteller, and PerfectMoney.
Below is the complete list of e-wallets available on Deriv:
Besides fiat money, we also offer popular cryptocurrencies as payment methods on our platforms – Bitcoin (BTC), LiteCoin (LTC), Ether (ETH), USDT (Tether Omni Layer and Tether Erc-20), and USD Coin (USDC).
You can transfer any of these digital coins from your cryptocurrency wallets directly to your Deriv account.
If you don’t own any cryptocurrency but would like to begin trading with it, we have a payment solution for you too. Our fiat onramp services allow you to purchase cryptocurrencies with physical money, also known as fiat money, and receive them directly into your Deriv trading account.
Below are the fiat onramp methods available on Deriv:
Additional payment methods (APMs)
Additional payment methods, or APMs, are payment methods that do not require cards of any kind. These payment methods are perfect for clients who prefer the traditional modes as APMs include prevalent local payment methods such as vouchers and cash settlements.
Some popular APMs on Deriv are the following:
Vouchers and disbursements
These are prepaid payment methods widespread in African countries. With these, you can choose how much money to send merchants and the duration these vouchers and disbursements are to be active.
This is a popular payment method in Latin American countries, in the form of an invoice issued by a bank that allows you to pay the exact amount you owe. As long as the settlement is paid within the due date on the invoice, you can pay it anywhere it is accepted.
Payment agents are independent exchangers on Deriv, ranging from currency exchangers, affiliates and community managers. These agents interact with traders who want to make deposits and withdrawals through local bank wires and e-payment methods.
Payment agents can determine their commission per transaction (subject to our established thresholds), choose which countries to service, and how to promote their services.
Deriv P2P is our peer-to-peer deposit and withdrawal service that lets you move funds in and out of your Deriv account. With this app, you can connect with your fellow traders, exchange USD in your local currency, and get your deposits and withdrawals done within minutes.
Deriv P2P is also very convenient, as you can exchange funds anytime, and you get to choose your exchange rates. The best part? It is available as web and mobile apps, so you can easily make your transactions on any of your devices.
Now that you have learned about the various payment methods on our platforms, head to the Cashier, choose your preferred payment method, and make a deposit to start trading now.