How to Deposit Into Your Deriv Account (Cards, E Wallets, Crypto, Mobile Money)
By Laxie · · How we review · Affiliate disclosure
Picking a broker is only half the job. The next question most new Deriv traders ask is simpler but just as important: how do you actually get money into the account, and which method is fastest, cheapest, and easiest to use where you live? Deriv supports a wide range of payment options, but not knowing which one fits your situation before you start can slow you down or leave you paying fees you did not need to.
If you already have a Deriv account and just want to fund it, you can open your Deriv Wallet here and skip ahead to the step by step section below. Otherwise, keep reading for the full breakdown of every deposit method.
What You Need Before You Make a Deposit
A few basics to have sorted first:
- A Deriv account with your email address confirmed.
- Identity verification (KYC) is not always required before you deposit, but it is required before you can withdraw, so it is worth completing early rather than waiting until you want to cash out.
- A funded Deriv Wallet. Deposits land in your Wallet first, and you then transfer funds from the Wallet into whichever trading account you plan to use.
Deposit Methods Available on Deriv
Cards
Credit and debit cards, including Visa and Mastercard, are supported in most regions. Card deposits usually start at around $10, depending on your currency and region. Card deposits are usually processed instantly or within about an hour. One thing worth knowing early: some card types, Discover for example, only support deposits and cannot be used to withdraw, so it is worth picking a withdrawal method at the same time.
E Wallets
Skrill, Neteller, and similar e wallets are available depending on your region. These tend to be one of the fastest options (also instant to about an hour), and using the same provider for deposits and withdrawals usually keeps things simplest.
Cryptocurrency
Deriv accepts Bitcoin, Ethereum, Litecoin, USD Coin, USDT, and XRP, among others. You get a unique wallet address for each deposit, and funds are credited to your Wallet once the transaction receives enough blockchain confirmations. Crypto is a solid option if you already hold digital currency or want to avoid card and bank fees, though it is worth remembering that crypto values can move between the moment you send funds and the moment they are confirmed.
Mobile Money and Local Payment Options
In several African countries, mobile money such as M-Pesa, MTN Mobile Money and Airtel Money appears in the Deriv cashier, usually from around $5. Where it does not, traders fund their Wallet in local currency through Deriv P2P, a peer to peer service that connects you with other traders who exchange local currency for Wallet funds. Deriv P2P is also the cheapest way in: deposits start from $1 and are usually within minutes (Deriv says up to 1 hour). USDT (TRC20) also starts from $1. Check the cashier and the P2P tab to see what is available where you live. Country guides: Nigeria, Kenya (M-Pesa) and Zimbabwe (EcoCash).
Online Banking and Bank Transfer
Standard bank transfer and online banking are available in many regions. This is typically the slowest option, up to about three working days, so it suits a larger, planned deposit better than a quick top up before a trade.
Step by Step: How to Deposit Into Your Deriv Account
- Log in to your Deriv account and open your Wallet.
- Click Deposit.
- Choose a payment method: card, e wallet, crypto, bank transfer, or Deriv P2P.
- Enter the amount, keeping your method’s minimum in mind ($1 with Deriv P2P or USDT, around $5 with mobile money, around $10 with cards, Skrill and Neteller), and confirm.
- Complete any verification your payment provider asks for.
- Once the funds land in your Wallet, transfer them into your trading account, whether that is Deriv Trader, MT5, DBot, or another platform, so you can start using them.
If you have not opened a Deriv account yet, 👉 sign up here before working through these steps. If you are still deciding whether Deriv is the right broker for you, our full Deriv review covers platforms, fees, and withdrawals in more detail.
Deposit Times, Fees, and What to Watch For
Most electronic methods, cards, e wallets, and crypto, land in your Wallet within an hour, often faster. Bank transfers can take up to three working days. Deriv itself does not charge internal deposit fees, but your card issuer, e wallet provider, or bank may apply their own charge, so it is worth checking with your provider before you pick a method. It also helps to plan ahead on the withdrawal side: once you request a withdrawal, it is typically processed within one working day, but only from a method that supports withdrawals in the first place.
Final Thoughts
There is no single best deposit method for every Deriv trader. If you want speed and already use Skrill or Neteller, e wallets are hard to beat. If cards or bank transfers are slow or expensive to use internationally from where you live, crypto or Deriv P2P often works out cheaper and faster. Whichever you choose, get your identity verification done early so a slow KYC check does not hold up your first withdrawal later on.
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FAQ
What is the minimum deposit on Deriv?
From $1 with Deriv P2P or USDT (TRC20), around $5 with mobile money, and around $10 with cards, Skrill and Neteller. See our Deriv minimum deposit guide for the details.
Do I need to verify my identity before depositing?
Not always before you deposit, but you will need completed identity verification before you can withdraw, so it is worth doing early rather than waiting until you want to cash out.
Can I deposit using mobile money like M Pesa?
In several African countries, yes: M-Pesa, MTN and Airtel mobile money can appear in the Deriv cashier, usually from around $5. Where they do not, use Deriv P2P to swap local currency for Wallet funds from $1.
How long does a Deriv deposit take?
Most electronic methods, cards, e wallets, and crypto, are instant to about an hour. Bank transfers can take up to three working days.
Does Deriv charge deposit fees?
Deriv does not charge its own internal deposit fees, but your card issuer, e wallet provider, or bank may apply a fee on their end, so it is worth checking with them directly.
This post contains an affiliate link. If you sign up through the links above, we may earn a commission at no extra cost to you. Trading involves risk and is not suitable for everyone; this is not investment advice.
Deriv offers complex derivatives, such as options and contracts for difference (“CFDs”). These products may not be suitable for all clients, and trading them puts you at risk. Please ensure you understand the following risks before trading Deriv products: (a) you may lose some or all of the money you invest in the trade; (b) if your trade involves currency conversion, exchange rates will affect your profit and loss. You should never trade with borrowed money or with money that you cannot afford to lose. Trading involves risk and is not suitable for everyone; this is not investment advice.