IQ Option allows traders to top up their account via multiple payment systems. But which one is better, really? This article will explain the difference between e-wallet, credit/debit card, bank transfers, and Bitcoin regarding fees, execution time, and overall convenience. 

Let’s compare each method’s pros and cons in detail and choose one to suit you best.

Debit/credit cardE-walletBank transferBitcoin
TypeVisa, MastercardSkrill, Neteller, Webmoney, local servicesWire transferBlockchain 
TimeInstantlyInstantlyUp to 10 days30-24 hours minutes
FeesNoE-wallet rates~$20Depends on BTC Blockchain rate
Best suited forTraders looking for the fastest executionDigital-oriented users who like to utilize online wallets for quick paymentsTraders looking for bulletproof security of their transactions Those who have Bitcoin wallets and want to invest BTC in trading

Debit and credit cards

Bank cards are the easiest way to top up your IQ Option account. Firstly, you probably already have a card, which means you don’t need to register a new account. Secondly, bank card transactions are usually executed very fast, which is crucial when you’re out of trading money, and there’s a nice opportunity on the horizon.  

IQ Option accepts deposits via any Visa or Mastercard debit or credit cards (only those with a CVV code on the backside). 

To deposit via bank card, go to the Deposit section, select the card type, specify the amount in the desired currency, fill in the card information, and press “Proceed to payment”.  


IQ Option doesn’t charge any fees for debit and credit card transactions. However, your bank might ask you to pay commissions, especially when it comes to transactions in foreign currencies. 

Execution time

Usually, the money is credited instantly. In some cases, it might take a few hours.

Important notes

  • The card must be registered in your name. 
  • Make sure the card supports international online transactions.
  • Mind money management when using credit cards — that may lead to overspending and gaining debts.
  • For your security’s sake, IQ Option requires that you withdraw using the same bank card you have used to make a deposit. Otherwise, the system will cancel the withdrawal request. Why? Because technically, withdrawals are processed as refunds. For example, if you deposited with a bank card, request a withdrawal that equals your initial investment amount, including deposits made within the past 90 days. 


E-wallets are arguably traders’ favorite way to fund the account. An e-wallet is essentially a prepaid digital bank card that you can use all over cyberspace to pay for things — including IQ Option deposits. Most traders prefer e-wallets because they are easy to register and fast. 

The broker works with the world’s most popular e-wallets:

  • WebMoney allows users to have multiple accounts (aka “purses”) with different types of currencies, which is very convenient for traders. 
  • Skrill works with 40 currencies and allows you to withdraw money in an ATM or forward it to your bank account.
  • Neteller is appreciated for extra-secure payments. It also allows funds withdrawal from your bank account or by accessing ATMs around the world.

To top up your IQ Option account using an e-wallet, choose the desired option, sign in to your e-wallet account, and complete and confirm the payment. The deposit will be instantly reflected on your balance.


Although there are no fees for e-wallet deposits from the broker’s side, most services would charge a small percentage of the transaction. Check with the e-wallet’s website for more info. 

Execution time

Traders love e-wallets for instant transactions. Normally, an e-wallet payment will be processed within a few minutes.

Important notes

Aside from globally renowned e-wallets, you can work with local payment services. Check out the Deposits section of the website to find out which ones are available for your country. 

Wire transfer

With a wire transfer, the money is electronically transferred from one bank to another and then to your account. This is the most cumbersome deposit method, but it has its advantages, too. For example, it’s an extra-secure method since federal regulations require a thorough document checking and identity verification. This is why wire transfers are recommended for depositing large amounts. 


IQ Option doesn’t charge any commissions for this type of payment. Still, banks do — be ready to pay around $20 (or an equivalent in other currencies).  

Execution time

Wire transfer processing time is the longest of all — it might take up to 3-5 business days. 

Important notes

Note that if your IQ Option account verification process is still pending, you won’t be able to choose wire transfer as your deposit method.

Go to IQ Option


Depending on the location, many IQ Option traders can deposit in the currency of the future too. This is great news for those who own BTC and want to invest cryptocurrency in trading. Mind that your BTC will be converted to the currency of your IQ Option account after the deposit.

How to deposit in Bitcoin

  • Open the Deposit tab and choose your deposit amount.
  • Select “Bitcoin” from the payment options list on the right.
  • After clicking “Proceed to Payment,” you’ll be asked to insert the crypto wallet address for returns. If your payment request fails, the money will be returned to the specified address within 24 hours. After that, check the invoice amount and its BTC equivalent and wait for the confirmation.  


A minimum commission is applied for every BTC transaction. Its size depends on the BTC Blockchain rate, but normally would equal 5-10 EUR or the equivalent in your account currency. For example, at a BTC price of 26,600 EUR and deposit of 10 EUR, the minimum fee would be around 0,00022962 BTC. The system will automatically calculate your commission amount upon checkout. It is necessary to send the exact BTC amount including commissionю If the sent amount is incorrect, the payment will fail to be processed.

Note that if your deposit request fails and you get a return, the commission amount won’t be returned to your account balance. 

Execution time

Transaction confirmation only takes 30 minutes. In case the confirmation fails to execute over this time period, the invoice will expire. Otherwise, IQ Option will credit the funds to your balance immediately after verification. In some cases, the waiting time may extend up to 24 hours. 

Important notes

  • Don’t be misled by the title — BTC deposits won’t be credited in Bitcoin but converted into fiat money, in the currency of your account. 
  • In order to make the first BTC deposit, you need to have a track record of depositing with another payment method. You can’t use Bitcoin for the first-ever deposit with IQ option.


IQ Option works with multiple payment methods to make sure each trader could top up their account in the most hustle-free manner possible. Bank cards and e-wallets are considered the fastest ways to do that. Wire transfer would suit those looking for extra security — or those who simply don’t have a card or an e-wallet account. Finally, Bitcoin transactions are a way to go for crypto wallet holders who’d love to invest in digital currency and get profit in fiat money. 

Regardless of the chosen deposit option, you are guaranteed to have access to several withdrawal methods as well — learn more about how to cash out your profit *in the article*.

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