How to Deposit in Deriv
Deriv is a popular online trading platform that offers a wide range of financial instruments to its clients. Depositing funds into your Deriv account is a simple and straightforward process that can be completed in just a few steps. In this article, we will guide you through the process of depositing funds into your Deriv account.
Step 1: Log in to your Deriv account
To deposit funds into your Deriv account, you first need to log in to your account. Enter your email address and password to log in to your account. If you don't have a Deriv account yet, you can sign up for one on the Deriv website.
Step 2: Click on the Deposit button
Once you are logged in to your Deriv account, click on the Deposit button located at the top right corner of the screen. This will take you to the Deposit page where you can choose your preferred deposit method.
Step 3: Choose your preferred deposit method
Deriv offers a variety of deposit methods including credit/debit cards, e-wallets, bank transfers, and cryptocurrencies. Choose your preferred deposit method from the list of available options.
Step 4: Enter the deposit amount
After choosing your preferred deposit method, enter the amount you wish to deposit into your Deriv account. Make sure to enter the correct amount as this will determine the funds that will be available in your account.
Step 5: Complete the transaction
Once you have entered the deposit amount, follow the instructions on the screen to complete the transaction. Depending on the deposit method you chose, you may be redirected to a third-party payment gateway to complete the transaction. Follow the instructions on the payment gateway to complete the transaction.
Step 6: Wait for the funds to be credited to your account
After completing the transaction, wait for the funds to be credited to your Deriv account. This may take a few minutes or a few hours depending on the deposit method you chose.
Step 7: Start trading
Once the funds are credited to your Deriv account, you can start trading with them. Choose your preferred financial instrument and start trading.
What is the minimum deposit amount on Deriv?
The minimum deposit amount on Deriv varies depending on the deposit method you choose. For example, the minimum deposit amount for credit/debit cards is $10, while the minimum deposit amount for bank transfers is $25.
Are there any deposit fees on Deriv?
Deriv does not charge any deposit fees. However, third-party payment gateways may charge fees for their services.
How long does it take for funds to be credited to my Deriv account?
The time it takes for funds to be credited to your Deriv account depends on the deposit method you choose. Deposits made via credit/debit cards and e-wallets are usually credited instantly, while deposits made via bank transfer may take a few hours or days to be credited.
Can I deposit funds in a different currency than my account currency?
Yes, you can deposit funds in a different currency than your account currency. Deriv will automatically convert the funds to your account currency using the prevailing exchange rate.
Is it safe to deposit funds on Deriv?
Yes, it is safe to deposit funds on Deriv. Deriv uses SSL encryption to protect all data transmitted between the client and the server. Additionally, Deriv is regulated by multiple financial authorities and follows strict security protocols.