Olymp Trade is a reputable and trustworthy cryptocurrency exchange platform that operates in several countries globally, including Nigeria.
The platform allows users to trade in different cryptocurrencies and tokens, as well as allows users to deposit money in their accounts.
Quick Answer
To deposit money in Olymp Trade in Nigeria, you need to visit the website of the platform, www.OlympTrade.com, and click the “Sign Up” button. Then, you need to enter your personal details, including name, surname, country of origin, date of birth, email address, and phone number. Then, you will be required to create a PIN, verify your email, and set up the two-factor authentication. After that, you can start trading on the platform by selecting the currency pairs you want to trade and the amount of money you want to deposit into your account.
In this article, we will elaborate on how you can deposit money in Olymp Trade in Nigeria with easy and quick steps.
Overview of Olymp Trade
Launched in 2014, the O!Trade platform offers access to multiple financial instruments, including currency pairs, commodities, indices, stocks, and cryptocurrencies.
The interface is user-friendly, making it suitable for both beginners and experienced traders.
The platform is regulated by the Financial Commission, a dispute resolution body that oversees the activities of the crypto industry. In addition, all funds deposited with are insured by the Federal Deposit Insurance Corporation (FDIC), meaning that if the broker goes bankrupt, investors can claim compensation.
Benefits of Using Ollymp Trade
As a Nigerian trader, there are numerous benefits to choosing this broker. Some of these include:
- There are several account types, suitable for both novice and experienced traders.
- Both web and mobile platforms are available, so you can trade on the go.
- No commission is charged on deposits and withdrawals, while withdrawal requests are processed within 24 hours.
- There are over 100 assets that can be traded, including stocks, indices, forex, commodities, and more.
- The platform is available in four different languages, namely English, Spanish, Portuguese, and Russian.
- There is a demo account that you can use to practice your trading skills before investing real money.
- There are lots of educational resources available to help you improve your trading skills and knowledge.
Creating an Account
Now you’re all ready to trade. Before you can do that, though, you’ll need to create an account.
- Head over to the OLYMP TRADE official Nigerian website.
- Click “Register.”
- Fill out the required information, including your full name, phone number, email, and date of birth in the appropriate fields.
- Create a secure password.
- Enter your country of residence (Nigeria).
- Check all the available boxes (to accept terms and conditions, privacy policy, etc.)
- Click “Create account.”
- Confirm your account via SMS or email.
Making a Deposit
Now, let’s learn how to deposit funds on an OLYMP TRADE account.
- Log in to your broker’s website using your credentials.
- Click on the “Deposit” button at the top of the page.
- Select the payment method you want to use.
- Enter the amount you want to deposit.
- Click on “Confirm”.
- Follow the on-screen instructions to complete the transaction.
Once you’ve made the minimum deposit, you can start trading on the exchange. Keep in mind that different payment methods have different processing times. For example, bank transfers can take a few days to complete, while e-wallet deposits are usually instant.
Withdrawing Funds From Olympic Trade
Withdrawals are easy, but you must have your withdrawal request validated by the broker.
To withdraw funds, log in to your account and select “Withdrawal” from the drop-down menu.
You must meet the minimum withdrawal amount. For example, you may only be able to withdraw NGN 5,000.
Select the asset you’d like to use.
Troubleshooting Common Issues
In the unfortunate event that you can’t make a successful deposit, the first thing to do is to check the status of your transaction in the “Deposit” tab.
If it shows that your deposit is pending, then it means that you have successfully submitted the transaction request, but it has yet to be processed.
Since it’s pending, there’s nothing you can do but wait for the transaction to be approved.
However, if it shows “Rejected,” then it means that the broker has deemed the deposit ineligible.
In this case, you’ll have to contact the Customer Support team to determine why. It could be that you didn’t adhere to the minimum or maximum limit, which is why you should double-check the minimum amount you need to meet before requesting a withdrawal.
We hope this guides was off assistance for how to deposit money in olymp trade in nigeria.
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