Bitcoin via Skrill

CurrencyBTC
Fees / CommissionNo Commission
Processing Time24 hours

How to Make a Deposit to Your FXTM Account

  1. Complete the Fund Deposit form in MyFXTM and confirm the payment.
  2. You will then be redirected to the Skrill login page. Log in to your Skrill account.
  3. You will be redirected to the Skrill payment page. Select the Bitcoin payment option.
  4. An invoice will be generated showing a QR code.
  5. Scan the QR code, and you will be redirected to your personal Bitcoin wallet application.
  6. Once you are in your Bitcoin wallet, please confirm the payment.
  7. After the payment is confirmed, please stay on the page for another 5 to 10 seconds, until you see the transaction status confirmed.
  8. You can now track the progress of your transfer through your MyFXTM account. On the side menu, click “My Money.” From the drop-down menu, select “Transaction History.” You can track all deposits and withdrawals that are still pending completion.
  9. When the status of your deposit shows as "Processing" in this section, it means that your request has been accepted and is pending completion. Usually, the status will change to “Funds deposited to your account” within 1-2 hours.

Important Information

When you are making your deposit, please keep the following points in mind:

  1. Payments from third parties are not accepted. The name of the sender must match the name registered with FXTM.
  2. All transactions sent in currencies that differ from the currency of your account, will automatically be converted according to FXTM's conversion rates.
  3. If the deposit is successful, it will be posted to your account, however there may be a delay if FXTM or the payment provider is unable to verify your information.
  4. If a transaction is made in a currency that is not supported (please check the table above for supported currencies), your deposit will be converted to the supported currency of your choice. Please note that the provider may charge a conversion fee in this case.
  5. In the event that your trading account and deposit are denominated in different currencies, the transaction will be subject to conversion and charges may apply as per the Conversion Rates Table in MyFXTM (login required).
  6. Our conversion rates are updated daily.
  7. The deposit fee will be subtracted from the deposited amount. Please check the table above for Fees/Commissions.
  8. Please check the table above for FXTM’s processing times with regards to deposits.
  9. Please note, Skrill imposes a maximum limit per client, per month. This ranges from $2,385 per month (with a daily limit of $1,170) for regular Skrill users, and up to $6,300 per month (with a daily limit of $3,150) for Gold and Diamond Skrill users.
  10. Bitcoin withdrawals will be returned to the same Bitcoin wallet used to make the deposit.
  11. Please keep in mind that the amount withdrawn from a specific Bitcoin address, should not exceed the total amount deposited from the same Bitcoin address.
  12. You may be required to provide us with a screenshot of your Bitcoin wallet, with the FXTM transaction clearly visible.
  13. For (accumulated or single) withdrawal amounts higher than 3,000 USD / EUR / GBP per day, you may be required to provide your Bitcoin wallet name and FXTM may need to share your KYC documents with the provider. This procedure may cause a delay of one business day.
  14. Please note that, if you set the level of Network Fee policy lower than "Normal" level, there may be a delay of up to 48 hours in processing your transaction by the block-chain, depending on network load. The higher the level, the greater the incentive for your transaction to be added in a block within the block-chain.
  15. Please keep your BTC wallet up to date at all times.
  16. To optimise your experience, we suggest you use the following bitcoin wallets: Copay, Mycelium (v2.5 or higher), BitPay, Bitcoin Schildbach, Breadwallet, BLOCKCHAIN wallet. These wallets fully support the newest Bitcoin payment protocol.
  17. All information regarding your Bitcoin wallet and/or address details are always sent through official FXTM email addresses. We will never request any private Bitcoin wallet details. If you receive any suspicious requests from an unknown or unauthorized email address, please contact us at: backoffice@forextime.com
CurrencyBTC
Fees / Commission1 %
Processing Time24 - 48 hours

How to Withdraw Funds from MyFXTM account

  1. In MyFXTM please select the "Withdraw funds" tab, which can be found on the side menu under “My Money.”
  2. Scroll down to the “E-Wallets” section at the bottom of the page and click the “Withdraw” button to request a withdrawal using "Bitcoin via Skrill".
  3. Follow the instructions on the form, complete the Fund Withdrawal form in MyFXTM and confirm the withdrawal.
  4. Read the Terms and Conditions on the right-hand side of the page. Once you are ready to proceed, click "Confirm".
  5. You will then receive a 4-digit payment password via SMS and at the email address that’s associated with your MyFXTM account. Please check your Spam/Junk folder if you do not see the email in your Inbox. Enter this password in the required field on the withdrawal confirmation page, and click "Submit".
  6. You will now be able to track the progress of your transfer through your MyFXTM account. On the side menu, click on “My Money.” From the drop-down menu, click on “Transaction History.”  This will allow you to track all deposits and withdrawals that are still pending completion.
  7. When the status of your withdrawal shows as "Processing" in this section, it means that your request has been accepted and is pending completion. When the status changes to "Funds sent" (usually within 1 business day of your initial request), the funds will have been sent to your Bitcoin wallet.

Important Information

When making a withdrawal, please keep the following points in mind:

  1. Payments to third parties are not accepted. The name of the receiver must match the name registered with FXTM.
  2. Should a withdrawal request be submitted, all Bitcoin deposit transactions will be refunded to the source from which they came. Bitcoin withdrawals will be returned to the same Bitcoin wallet used to make the deposit.
  3. Any generated profits following your initial deposit, can be withdrawn by any other Payment method available to you.
  4. You need to make sure that you have sufficient free margin in your account to cover your withdrawal. If you do not, you can choose to close some open positions in your account.
  5. In the event that your trading account and withdrawal request are denominated in different currencies, the transaction will be subject to conversion and charges may apply as per the Conversion Rates Table in MyFXTM (login required).
  6. Our conversion rates are updated daily.
  7. The withdrawal fee will be subtracted from the amount withdrawn. Please check the table above for Fees/Commissions.
  8. Please check the table above for FXTM’s processing times with regards to withdrawals.
  9. Please note, there is a maximum limit per client, per month imposed by Skrill ranging from $1,170 per day and $2,385 per month for regular Skrill users and up to $3,150 per day and $6,300 per month for Gold and Diamond Skrill users.
  10. For (accumulated or single) withdrawal amounts higher than 3,000 USD / EUR / GBP per day, you may be required to provide your Bitcoin wallet name, and FXTM may need to share your KYC documents with the provider. This procedure could cause a delay of 1 business day.
  11. Please keep in mind that the amount withdrawn from a specific Bitcoin address should not exceed the total amount deposited from the same Bitcoin address.
  12. The Company reserves the right to process clients’ Bitcoin withdrawal requests via another payment method, in case of force majeure and/or Acts of God and/or for any other reasons beyond the reasonable control of the Company.
  13. Please note that if you select the level of Network Fee policy to be set lower than "Normal" level, there may be a delay of up to 48 hours in processing your transaction by the block-chain, depending on network load. The higher the level, the greater the incentive for your transaction to be added in a block within the block-chain.
  14. Please keep your BTC wallet up to date at all times.
  15. All information regarding your Bitcoin wallet and/or address details are always sent through official FXTM email addresses. We will never request any of your Bitcoin wallet personal security details. If you receive any suspicious requests from an unknown or unauthorized email address, please contact us at: backoffice@forextime.com.
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Risk warning: This page is not intended for Retail clients. You should satisfy Professional client criteria before continuing. https://www.forextime.com/eu/trading-accounts/trade-as-professional-client