This article is for independent contractors who want to withdraw money from their Deel Balance using Digital Currency Transfer.
Our expanded withdrawal options for contractors now include both USDC and USDT.
Before you begin:
Your account must be verified to withdraw money from your Deel Balance. Please see How to verify your contractor account for details.
This withdrawal method is available to independent contractors in eligible countries and for certain currencies.
There is a service fee for using this withdrawal method. See our FAQs for more details.
Please ensure that you use your USDC/USDT wallet address on the Ethereum (ERC20), TRON, or Polygon networks.
How do I add Digital Currency Transfer?
✅ Step 1 – Add a new withdrawal method
Select the (1) Withdrawal Methods tab on your home page and click (2) Add Method.
✅ Step 2 – Choose Digital Currency Transfer
✅ Step 3 – Click Add
BVNK is used to convert your Deel funds into digital currencies and then you can transfer the funds to any external wallet you own.
✅ Step 4 – Click Withdraw
You can either withdraw your full balance or choose a custom amount.
✅ Step 5 – Complete Withdrawal Using the One-Time Payment Link
You will be redirected to our provider's portal where you will input your digital wallet address to finalize the withdrawal.
The one-time link will expire in 24 hours.
Please ensure that you use your USDC/USDT wallet address on either the Ethereum (ERC20), TRON, or Polygon networks. Failure to do so may lead to loss of funds
Confirm that you have read the BVNK Services User Agreement and Privacy Policy, then click Confirm.
Frequently Asked Questions
[ACCORDION] What are the fees for Digital Currency Transfers?
The Digital Currency Withdrawal entails a 2% service charge in addition to a $1 network fee.
[ACCORDION] Which currencies can be used for Digital Currency Transfers?
When initiating a withdrawal to your digital wallet, you'll request a USD withdrawal.
Upon redirection to our provider's portal via a one-time link, you'll have the option to select either USDC or USDT.
[ACCORDION] What is BVNK and where is it registered?
BVNK is registered with the Bank of Spain as a crypto-asset exchange services provider, which allows BVNK to to provide cryptocurrency exchange services.
The VASP registration number is: D698.
More information can be found on BVNK's website here
[ACCORDION] What happens if I don't use the one-time link within 24 hours?
The one-time payment link will expire in 24 hours. If you don't use the link in time then your payment will be cancelled and your funds returned to your Deel Balance.
[ACCORDION] Which network and protocols will be used?
USDT and USDC can be received through the ERC20 protocol on the Ethereum network, as well as through the TRON and Polygon networks. Failure to use the appropriate network and protocol may lead to loss of funds.
[ACCORDION] Is there a maximum amount that can be withdrawn using Digital Currency Transfer?
Please be aware that Deel does not control the maximum withdrawal limits. These limits are determined by the payment providers. Contractors are encouraged to select a withdrawal method that best aligns with their individual needs and the limits set by those providers.
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