Deriv Payment Methods

At Deriv, we provide various payment methods to make your transactions simpler! These include bank wires, debit/credit cards, ewallets and cryptocurrencies.

However, the minimum withdrawal amount varies between payment methods. It's best to be aware of these requirements in advance so you don't experience any inconvenience. When making a withdrawal request, always double-check all details beforehand for accuracy.

Bank wires

Bank wires are one of the most convenient payment methods India provides, and can be used to remit funds domestically or internationally. They tend to be faster than other methods and can usually be cancelled within 30 minutes after being initiated.

Banks utilize SWIFT, an encrypted communication network that enables them to securely exchange funds. Most often, your money will be credited into the recipient's account on the same day of sending.

However, wire transfers to India can be costly and time-consuming. The main costs involved are intermediary bank fees and correspondent charges. If you're thinking of using a bank to transfer international payments to India, make sure they don't levy any of these fees.

Alternatively, you could use a specialist international money transfer service. These have local bank accounts which means your transfers to India will be processed more quickly and cost effectively than using your own bank.

By comparison shopping different services in your area, you'll save on transaction costs since these typically don't incur exchange rate margins. Compare the prices of different offerings to find the best value for your money.

Wire transfers are generally faster than other methods, typically being processed the day you initiate them. Furthermore, they offer more security as they cannot be reversed once initiated.

Bank wires are an increasingly popular method to send funds from the USA to India. They can be utilized for various reasons, such as transferring cash between friends and family in the States or funding home loan EMIs in India.

Wire transfers can also be an efficient way to bypass taxes and other fees associated with international transfers. ICICI Bank does not charge any fees for international wire transfers to India, while Citibank provides competitive foreign exchange rates so you can send funds overseas without paying additional costs.

Debitcredit cards

Debit cards are an efficient and cost-effective way to make transactions more convenient. Plus, they enable you to track your spending - from smaller everyday items like coffee or gas, through larger ticket items such as dining out or a new laptop. The great thing about debit cards is that you don't need to lug around a bulky wallet or handbag full of cash. Plus, with some cards you can even use them at ATMs if needed - many banks now provide this free service as an added benefit to their members. Your debit card allows for online and mobile payments, so be sure to read all details carefully before signing up for anything. Also, consult with your bank to see if there are any special requirements that must be fulfilled before applying for a debit card.


Ewallets in India have rapidly become an integral part of the payment ecosystem, revolutionizing how people shop and conduct transactions online. They account for around 3 percent of e-commerce transactions in the country and are projected to rise to 8.6 percent by 2025.

E-wallets provide a secure and convenient way to make purchases and send money between accounts. They offer various features like the capacity to recharge phones or pay utility bills and DTH/data cards; additionally, many e-wallets provide discounts or exclusive offers from various retailers.

There are various types of e-wallets, from mobile wallets to server side ones. Closed and semi-closed e-wallets operate differently in terms of how they function.

Closed e-wallets can only be used to purchase goods and services from their issuer, without needing bank approval. This type of e-wallet is popular among merchants as it provides greater security and standardization.

Semi-closed e-wallets are becoming more and more popular with consumers, enabling users to store multiple bank accounts, credit cards, and other payment instruments in their wallet. The wallet will then facilitate the transfer of these funds directly into a merchant account - making it much simpler for a user to complete their purchase.

E-wallets can also be an excellent way to earn cashbacks and other rewards. Merchants will charge a certain percentage of each transaction to the customer's e-wallet instead of taking all the funds into their own account.

E-wallets have gained widespread acceptance due to their ease of payment capabilities. This makes them ideal for customers who often make small purchases or travel for business purposes.

E-wallets remain an important and viable form of digital payment in India despite the challenges they face. Furthermore, their acceptance is expected to grow significantly as Generation Alpha (those born after 2010) enters spending age.


Cryptocurrencies are digital money that can be used for online payments without going through a bank. They operate on the decentralized technology known as blockchain, enabling transactions to be carried out anonymously and securely.

Cryptocurrencies differ from conventional currencies in that they aren't backed by government guarantees. Instead, they rely solely on market forces to determine their value. The two most prominent cryptocurrencies are Bitcoin and ethereum.

Cryptocurrencies are not widely accepted as a means of payment, though they can be used to store value. Unfortunately, large fluctuations in the price of cryptocurrencies may reduce their purchasing power and render them less useful as an asset store.

This means if you plan to invest in cryptocurrency, be aware of the risks and take measures to safeguard your investment. Remember, cryptocurrencies are unbacked by anything so they could be vulnerable to cyber attacks and other fraudulent activities. Furthermore, keep in mind that cryptocurrencies are not stable - they cannot replace your local currency nor serve as a primary source of income.

The Reserve Bank of India (RBI) had long prohibited banks and other regulated institutions from accepting cryptocurrencies as payment. But this ban has now been overturned by the Supreme Court, leading to an explosion in activity within the cryptocurrency sector.

Many are now turning to cryptocurrency to pay for goods and services, but caution must be exercised. Scammers often try to take advantage of new payment methods by exploiting social media platforms by tricking consumers into investing in unregulated investments such as cryptocurrencies - often seen as highly risky investments. Be mindful when using this form of payment!

These types of scams are unfortunately all too common and should be avoided at all costs. Furthermore, contact national reporting centers immediately if you believe that you have been the victim of a scam.

Cryptocurrencies are a relatively new form of money, and their future remains uncertain. But they offer advantages to those looking for easier and safer transactions.