The Trading Pit Withdrawal Guide: Deel, Crypto & Bank Wire Fees

You passed the challenge. You hit your first profit target. Now you're staring at the "Request Payout" button wondering: how fast will this actually hit my account, and how much will fees eat into my withdrawal?

Here's the reality: The Trading Pit processes payouts within 1-3 business days and offers three main withdrawal methods: Deel (most popular), cryptocurrency (USDT), and bank wire transfers (SEPA/SWIFT). Fees vary by method, but Deel is typically the cheapest and fastest option.

This article breaks down exactly how each payout method works, what fees you'll pay, processing times, and how to optimize your withdrawals to keep more money in your pocket. As of December 2025, these are the current withdrawal options and fee structures.

Key Takeaways: Your Instant Answer

• Standard payout processing: 1-3 business days after you submit your request through the dashboard.
• Minimum payout threshold: Varies by account type — typically $500-$1,000 for first withdrawal, then lower minimums for subsequent payouts.
• VIP status unlocks weekly payouts — standard traders withdraw bi-weekly; VIP traders can withdraw every 7 days.
• Deel (e-wallet): Fastest and cheapest — typically $2-5 in fees, arrives within 24-48 hours.
• Crypto (USDT): Low fees but exchange risk — network fees only (~$1-5), but you handle conversion to fiat.
• Bank wire (SEPA/SWIFT): Highest fees — $15-50 depending on bank and currency, takes 3-5 business days.
• No withdrawal fees from The Trading Pit — the firm doesn't charge you to request a payout; fees come from payment processors and banks.
• Your profit split is already net of refunds — if you're owed an evaluation fee refund, it's added automatically to your first payout.

The Three Withdrawal Methods Explained

Method 1: Deel (Recommended for Most Traders)

What Deel is:

Deel is a global payroll and payments platform. The Trading Pit partners with Deel to send payouts to traders worldwide. You receive funds in your Deel digital wallet, then transfer to your bank account.

How it works:

1. Set up a free Deel account (link provided by The Trading Pit)
2. Connect your bank account or withdrawal method in Deel
3. Request payout from The Trading Pit dashboard
4. Funds arrive in your Deel wallet within 24-48 hours
5. Transfer from Deel to your bank (instant or 1-2 business days depending on region)

Fees:

• The Trading Pit → Deel: $0 (The Trading Pit covers this)
• Deel → Your Bank: Varies by region:
  • US/UK/EU: Typically $2-5 per transfer
  • Other regions: $5-15 depending on local banking infrastructure

Processing time:

• TTP to Deel: 24-48 hours
• Deel to bank: Instant to 2 business days
• Total: 1-3 business days on average

Advantages:

• Fast and reliable
• Low fees compared to bank wires
• Multi-currency support (receive in USD, EUR, GBP)
• Easy to set up

Disadvantages:

• Requires creating a Deel account (one extra step)
• Some regions have higher local transfer fees
• Not available in all countries (check Deel's supported regions)

Best for: Traders in US, UK, EU, Canada, Australia who want fast, low-cost withdrawals.

Method 2: Cryptocurrency (USDT)

What crypto payouts are:

The Trading Pit can send your payout in USDT (Tether stablecoin) to your crypto wallet. You receive the funds on-chain, then convert to fiat on a crypto exchange if needed.

How it works:

1. Provide your USDT wallet address to The Trading Pit (ERC-20 or TRC-20 network)
2. Request payout from dashboard
3. The Trading Pit sends USDT to your wallet (typically within 24 hours)
4. Transfer USDT to an exchange (Binance, Kraken, etc.) and convert to fiat if desired
5. Withdraw fiat from exchange to your bank

Fees:

• The Trading Pit → Your Wallet: Network fees only
  • ERC-20 (Ethereum): $5-20 (higher during network congestion)
  • TRC-20 (Tron): $1-5 (much cheaper, recommended)
• Exchange conversion fees: 0.1-0.5% when selling USDT
• Exchange withdrawal to bank: $0-15 depending on exchange and method

Processing time:

• TTP to wallet: 24 hours (sometimes faster)
• Wallet to exchange: Instant to 1 hour (depending on network)
• Exchange to bank: 1-3 business days
• Total: 2-4 business days if converting to fiat

Advantages:

• Very low fees (especially on TRC-20)
• Fast on-chain settlement
• Privacy (no bank/payment processor intermediary)
• Keep funds in crypto if you prefer

Disadvantages:

• You must handle wallet security (lose your keys = lose your funds)
• Exchange conversion adds extra steps
• Crypto volatility risk (USDT is stable, but exchange rates fluctuate)
• Not beginner-friendly if you're unfamiliar with crypto

Best for: Crypto-savvy traders, those in countries with restricted banking access, or traders who want to keep earnings in stablecoins.

Method 3: Bank Wire (SEPA/SWIFT)

What bank wire is:

Direct bank-to-bank transfer from The Trading Pit's account to yours. SEPA for European banks, SWIFT for international transfers.

How it works:

1. Provide your bank account details (IBAN for SEPA, SWIFT code for international)
2. Request payout from dashboard
3. The Trading Pit initiates wire transfer
4. Funds arrive in your bank account within 3-5 business days

Fees:

• SEPA (EU banks): €0-5 typically
• SWIFT (international): $15-50 depending on:
  • Sending bank fees
  • Intermediary bank fees (common for USD transfers)
  • Receiving bank fees
  • Currency conversion charges

Processing time:

• SEPA: 1-3 business days
• SWIFT: 3-5 business days (sometimes longer for certain countries)

Advantages:

• Direct to bank (no third-party wallet)
• Familiar and straightforward
• No crypto knowledge required

Disadvantages:

• Highest fees (SWIFT can cost $30-50 per transfer)
• Slowest processing time
• Intermediary banks may deduct additional fees
• Not ideal for small withdrawals (fees eat into profits)

Best for: European traders using SEPA, or traders making large withdrawals ($5,000+) where percentage-wise the fees are negligible.

Fee Comparison by Withdrawal Amount

Here's the math on how fees impact your actual take-home:

Key insight: Deel and crypto are almost always cheaper than bank wire. SWIFT only makes sense for very large withdrawals or if you're in the EU using SEPA.

Minimum Payout Thresholds and Frequency

Standard Payout Rules

First payout:

• Minimum: Typically $500-$1,000 (varies by account size)
• Frequency: After meeting minimum trading days and profit targets
• You must be in profit and meet consistency requirements

Subsequent payouts:

• Minimum: Usually $500
• Frequency: Bi-weekly (every 14 days) for standard traders

Important: You can't withdraw on-demand daily. The Trading Pit enforces minimum time between payouts to prevent excessive transaction costs and maintain account stability.

VIP Status: Weekly Payouts

What VIP status is:

A tier unlocked by high-performing traders that allows more frequent withdrawals.

How to qualify for VIP:

• Consistent profitability over multiple payout cycles
• No rule violations
• Typically 3-4 successful payouts required (exact criteria not publicly disclosed)

VIP benefits:

• Withdraw every 7 days (instead of 14)
• Lower minimum payout thresholds
• Priority support

How to check if you're VIP: Your dashboard will show VIP status badge if you qualify. If unsure, email support.

How to Set Up Your Withdrawal Method

Step-by-Step Process

1. Log in to your Trading Pit dashboard

2. Navigate to payment settings:

• Click your email/profile icon (bottom left corner)
• Select "Account Settings"
• Go to "Payment Details"

3. Choose your payout method:

• Deel (enter Deel email)
• Crypto (enter USDT wallet address and specify network: TRC-20 or ERC-20)
• Bank Wire (enter IBAN/SWIFT, bank name, account holder name)

4. Upload verification documents:

• Proof of bank account ownership (bank statement or screenshot)
• Government ID (if not already verified for KYC)

5. Save and wait for approval:

• The Trading Pit reviews your payment details (usually within 24 hours)
• You'll receive email confirmation when approved

6. Request your first payout:

• Go to dashboard → "Request Payment" button
• Select amount (or full eligible balance)
• Submit request

7. Processing begins:

• 24 business hours review period
• Funds sent via your chosen method

Frequently Asked Questions (FAQ)

Can I change my payout method between withdrawals?

Yes. Update your payment details in Account Settings before submitting your next payout request. Allow 24 hours for verification.

What if I don't see the "Request Payment" button?

Common reasons: you haven't met minimum trading days, you're not in profit, payment details aren't verified, or you're within the bi-weekly payout restriction window.

Does The Trading Pit charge withdrawal fees?

No. The firm doesn't charge fees to process your payout. All fees come from payment processors (Deel), crypto networks, or banks.

Can I split my payout across multiple methods?

No. Each payout goes to one method. You can withdraw $1,000 via Deel, then next time use crypto, but you can't split a single $1,000 payout into $500 Deel + $500 crypto.

How do I minimize fees?

For small withdrawals (<$2,000): Use crypto (TRC-20 network).For medium withdrawals ($2,000-$10,000): Use Deel.For large withdrawals (>$10,000): Deel or crypto, avoid SWIFT unless you're using SEPA in EU.

What happens if my Deel transfer fails?

Contact Deel support first (not The Trading Pit). If Deel rejects the transfer, funds return to The Trading Pit and you'll need to update your payment method.

Can I withdraw to someone else's bank account?

No. Anti-money laundering regulations require payouts to match the name on your Trading Pit account. You can only withdraw to your own verified accounts.

Do I pay taxes on withdrawals?

The Trading Pit doesn't withhold taxes. You're responsible for reporting income in your jurisdiction. See our tax guide for details.

Withdrawal Comparison: The Trading Pit vs. Competitors

Key takeaway: The Trading Pit's 1-3 day processing is competitive. Deel integration makes it faster and cheaper than many competitors still using traditional wire transfers.

Final Verdict: Best Withdrawal Strategy

One-sentence summary: Use Deel for speed and low fees unless you're crypto-savvy (then use TRC-20 USDT) or making large EU withdrawals (then SEPA is fine).

Optimal withdrawal strategy:

1. Set up Deel as your primary method — fastest, cheapest, most reliable for 95% of traders.
2. Use crypto for small frequent withdrawals — if you're withdrawing $500-$1,500 regularly and comfortable with crypto.
3. Avoid SWIFT unless absolutely necessary — fees are too high for small/medium amounts.
4. Work toward VIP status — weekly withdrawals let you compound faster and reduce exposure to drawdown volatility.

Bottom line: The Trading Pit's payout system is fast, transparent, and cost-effective. Deel integration is a game-changer compared to firms still using slow bank wires. Just set up your payment method correctly during KYC, and payouts become a non-issue.

Your Next Steps

Start Trading with The Trading Pit →

Unlock Weekly Payouts: The Trading Pit VIP Status →

Read Full Review: The Trading Pit Review →