How to deposit and withdraw money in Oyi?

With Oyi's diverse deposit methods such as wire transfer, SEPA, SWIFT, and cryptocurrency, users can choose the most convenient option for their needs.

Dec 22, 2024 at 10:45 am

How to Deposit and Withdraw Money in Oyi?

Key Points:

• Oyi supports deposits and withdrawals via wire transfer, SEPA, SWIFT, and cryptocurrency.
• Deposit and withdrawal limits vary depending on the method and your verification level.
• Oyi charges a small fee for deposits and withdrawals, but the amount depends on the method used.

Deposit Methods:

1. Wire Transfer:

   • Initiate a wire transfer from your bank account to Oyi's designated bank account.
   • Provide Oyi with the transaction details, including reference number and amount.
   • Funds typically reflect in your Oyi account within 2-5 business days.

2. SEPA Transfer:

   • This method is only available for European Union residents.
   • Link your bank account to Oyi's SEPA platform.
   • Initiate a transfer from your linked bank account to Oyi.
   • Funds are usually processed within 1-2 business days.

3. SWIFT Transfer:

   • Similar to wire transfer, but SWIFT transfers can be used for international transactions.
   • Provide Oyi with the SWIFT code and other details of your receiving bank.
   • SWIFT transfers can take longer to process, up to 5-7 business days.

4. Cryptocurrency Deposit:

   • Oyi supports deposits in Bitcoin, Ethereum, Litecoin, and other cryptocurrencies.
   • Generate a crypto wallet address within Oyi.
   • Transfer cryptocurrency from your external wallet to the provided Oyi address.
   • Crypto deposits are credited to your Oyi account almost instantly.

Withdrawal Methods:

1. Wire Transfer:

   • Request a wire transfer from Oyi to your designated bank account.
   • Oyi may require additional verification before processing the withdrawal.
   • Wire transfer withdrawals may take 2-5 business days to process.

2. SEPA Transfer:

   • Similar to SEPA deposits, withdrawals can be made to your linked bank account.
   • Funds are transferred securely and reach your account within 1-2 business days.

3. SWIFT Transfer:

   • Similar to SWIFT deposits, but for withdrawals from Oyi to an international bank account.
   • Provide Oyi with the SWIFT code and other details of your receiving bank.
   • SWIFT withdrawals can take longer than other methods, up to 5-7 business days.

4. Cryptocurrency Withdrawal:

   • Withdraw cryptocurrency from Oyi to your external wallet.
   • Oyi may charge a small network fee for processing the transaction.
   • Crypto withdrawals are processed within a few minutes, depending on network conditions.

Deposit and Withdrawal Fees:

• Oyi charges a flat fee of 0.1% for wire transfer deposits.
• SEPA deposits are free of charge.
• SWIFT transfer deposits may incur a higher fee, depending on the bank and the amount transferred.
• Cryptocurrency deposits are typically free of charge.
• Oyi charges a flat fee of 0.1% for wire transfer withdrawals.
• SEPA withdrawals are free for amounts up to 50,000 EUR.
• SWIFT transfer withdrawals may incur a higher fee, depending on the bank and the amount withdrawn.
• Cryptocurrency withdrawals may incur a small network fee.

FAQs:

• What is the minimum deposit amount?

  • The minimum deposit amount varies depending on the deposit method. Please refer to Oyi's website for specific details.

• What is the maximum withdrawal amount?

  • The maximum withdrawal amount varies depending on your verification level and the withdrawal method. Please contact Oyi support for more information.

• How long does it take to process a withdrawal?

  • Withdrawal processing times vary depending on the method used. Please refer to the article above for estimated processing times.

• Are there any additional fees for using Oyi?

  • Oyi charges small fees for deposits and withdrawals, as detailed in the article above.

• Is my money safe in Oyi?

  • Oyi employs robust security measures to protect user funds, including SSL encryption, cold storage, and two-factor authentication.