This article provides an in-depth guide to depositing and withdrawing funds on Deriv, a prominent online trading platform, using Skrill, a well-respected digital wallet.
Whether you are a novice trader or an experienced market player, understanding these processes can significantly enhance your trading experience. By following the procedures outlined in this guide, users can confidently and securely conduct their financial transactions.
What is Skrill?
Skrill is a wallet service provider recognized for its fast and secure online payment and money transfer solutions on the Deriv platform.
Skrill provides a high level of flexibility, allowing clients to manage their funds while giving them a dependable choice for various financial activities. Furthermore, this post will discuss the advantages of using Skrill and how funds can be sent through this platform on Deriv.
Find more about Skrill binary options brokers.
Steps to Deposit and Withdraw Using Skrill on Deriv
Using Skrill to conduct transactions on Deriv is a simple process if your accounts are properly configured. This section covers everything from account creation to depositing and withdrawing funds with Skrill and Deriv.
Setting Up Your Accounts
You must have an active account on both sites before trading on Deriv with Skrill. If you do not already have these accounts, the following sections will show you how to set them up.
How to Create a Deriv Account
Visit the Deriv website and click on the “Sign Up” button.
- Fill in your details, including your name, email address, and password.
- Verify your email address by clicking on the verification link sent to your email.
- Complete your profile by providing additional information as prompted, such as your phone number and country of residence.
How to Create a Skrill Account
- Visit the Skrill website and click on the “Register” button.
- Provide your personal information, including your name, email address, and password.
- Complete your profile by providing additional details as required.
- Verify your identity by uploading the necessary documents and completing other verification steps.
Linking Skrill with Your Deriv Account
Once your Deriv and Skrill accounts are established, you must link them to ensure smooth transactions. You can follow these steps to link Deriv and Skrill:
- You must log in after creating your Deriv account. Use the same credentials that you used during the signup procedure.
- There will be a section titled ‘Cashier’ on the Deriv dashboard. To view the deposit and withdrawal options, click on it.
- Several payment methods are available in the cashier area. For both deposits and withdrawals, select Skrill as your preferred payment method.
- You will be prompted to enter your Skrill account information. Please provide the right email address linked to your Skrill account.
- A prompt will appear asking for your approval to link the accounts. To complete the transaction, click the confirm button. You might be redirected to Skrill’s login page to authenticate your identity.
Making a Deposit on Deriv Using Skrill Step-by-Step
To deposit funds into your Deriv account using Skrill, follow these steps:
- Log into your Deriv account and navigate to the “Cashier” section.
- Click on the “Deposit” option and select Skrill from the list of payment methods.
- Enter the amount you wish to deposit and complete the transaction by following the on-screen instructions.
Withdrawing Funds from Deriv to Skrill Step-by-Step
To withdraw funds from your Deriv account to your Skrill account, follow these steps:
- Log into your Deriv account and go to the “Cashier” section.
- Click on the “Withdraw” option and choose Skrill from the list of withdrawal methods.
- Enter the amount you wish to withdraw and complete the transaction by following the on-screen instructions.
Fee Structure for Skrill Deposits and Withdrawals
Skrill charges transaction fees. However, these prices are often competitive compared to other online payment platforms, with fees from 1%. Therefore, getting acquainted with Skrill’s pricing structure before making transactions is important to avoid surprise charges.
In Which Countries Is Skrill Available?
Skrill provides its services to 101 countries throughout the world. Whether you live in Albania, Australia, Brazil, Canada, Germany, India, Japan, Mexico, South Africa, or any other nation, Skrill can be linked to a Deriv Account.
Frequently Asked Questions
How long does it take to deposit or withdraw with Skrill on Deriv?
When you deposit with Skrill on Deriv, the funds reflect instantly, while withdrawals can take up to 1 working day.
How do I withdraw money from Skrill?
From the “Cashier” section on your Deriv Account, you can choose Skrill as a withdrawal method and follow further prompts from the system. Enjoy that you stay within the withdrawal minimums and maximums of both Skrill and Deriv.
Are Skrill deposits free?
Yes, some Skrill deposits are free when the broker covers the deposit costs. However, with other platforms, Skrill fees typically start from 1%.