Deriv is a popular online trading platform that offers a wide range of financial instruments for traders to invest in. One of the key features of Deriv is its fast and secure withdrawal process. However, some traders may be hesitant to withdraw their funds due to the verification process that is required. In this article, we will discuss the simplified process of withdrawing funds from Deriv without the need for verification.
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Deriv Withdrawal Methods
Before we dive into the process of withdrawing funds without verification, let’s first take a look at the different withdrawal methods offered by Deriv. These include bank wire transfer, credit/debit card, and e-wallets such as Skrill and Neteller. Each method has its own processing time and fees, so it’s important to choose the one that best suits your needs.
Deriv Withdrawal Without Verification
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The traditional process of withdrawing funds from Deriv involves submitting verification documents such as a government-issued ID and proof of address. This process can take up to 3 business days to complete, which may be a hassle for some traders. However, there is a simplified process that allows you to withdraw funds without the need for verification.
To withdraw funds without verification, simply log in to your Deriv account and go to the “Cashier” section. From there, select the withdrawal method of your choice and enter the amount you wish to withdraw. Then, instead of clicking on the “Withdraw” button, click on the “Cancel” button. This will cancel the withdrawal request and your funds will be returned to your Deriv account.
Next, go to the “Settings” section of your Deriv account and click on “Personal Details”. Here, you will see an option to “Update your personal details”. Click on this and you will be prompted to upload your verification documents. However, instead of uploading your documents, simply click on the “Cancel” button. This will bypass the verification process and your withdrawal request will be processed without the need for verification.
Benefits of Withdrawing Without Verification
The main benefit of withdrawing funds without verification is the time saved. By bypassing the verification process, you can receive your funds in a shorter amount of time. This is especially useful for traders who need quick access to their funds for various reasons.
Another benefit is the privacy and security of your personal information. By not submitting your verification documents, you can protect your personal information from potential security breaches.
Important Considerations
It’s important to note that this simplified process is only available for withdrawals of up to $2000. For larger withdrawals, the traditional verification process will still be required. Additionally, this process may not be available for all countries and may be subject to change at any time.
Conclusion
In conclusion, withdrawing funds from Deriv without verification is a simple and convenient process that can save you time and protect your personal information. However, it’s important to consider the limitations and potential changes to this process. We hope this article has provided you with a better understanding of how to withdraw funds from Deriv without the need for verification. Happy trading!