Getting Paid with Upcomers: A Complete Guide How Bank Transfers and Cryptocurrency Payouts Work

Getting funded is a huge milestone but getting paid is proof that a funded account really works. Traders put in the work to pass the challenge and trade profitably. Now, the next step is understanding how you actually receive your earnings. The way you choose to get paid changes how much money you actually keep.

At Upcomers, the goal is to make payouts smooth and transparent so traders can focus on trading. Traders have two main options to receive their profits: direct bank transfers and cryptocurrency payouts.

Let’s explore the difference between bank transfers and cryptocurrency payouts, processing fee, time, and  confirmation, the problem why sometimes the payout was returned, and the benefits of each method. 

Difference Between Bank Transfers and Cryptocurrency Payout

Bank transfer is the standard payout method on Upcomers and can be requested directly through the dashboard. It moves fiat money like PHP, USD, or EUR directly between banks. You need full KYC details and swift codes for this payout option. 

Before requesting a payout, make sure the name on your Upcomers account and your payout details must be your real, legal name, exactly as it appears at your bank. When your name matches exactly, banks can process your transfer quickly with no issue. This option is suitable for traders who prefer to receive funds directly to their personal or business bank account.

On the other hand, cryptocurrency payouts send and receive digital assets (USDT, Bitcoin, Ethereum, etc.) straight from the wallet. They work 24/7 with no weekends or holidays, and usually settle in minutes to an hour. You only need a wallet address and it's great for global payments. 

How Each Payout Method Actually Costs

Each payout is subject to a processing fee, which depends on the selected payout method. These fees cover the cost of securely sending your profits to you.  

Bank transfer is a cost-effective option. If you choose to receive your payout via bank transfer, it costs $19.90 plus 2.49% processing fee.

Crypto offers speed and global flexibility. If you choose to receive your payout via crypto, it costs $19.90 plus 30% processing fee. 

If more than 50% of your orders were funded with cryptocurrency, you only pay $19.90 + 2.49% when you withdraw in crypto, the same rate as a bank transfer. That is because your crypto is already in the system and your payout doesn't carry the higher cost. 

Here is an example of what that looks like on a real $1,000 payout.
Bank transfer costs $44.80 in total, so you get $955.20. Crypto costs $319.90 in total, so you get $680.10. If more than 50% of your orders were funded with cryptocurrency,  you will only pay $44.80, so you get $955.20, similar to the bank transfer.

Why Crypto Payouts That Are Funded With A Card Cost More

Upcomers gives traders the choice to be paid in crypto because the firm understands that speed and global access matter. Crypto payouts that are funded with a card cost more because the firm has to source crypto separately to meet payout demand. Upcomers doesn't  use external providers to acquire crypto, it only pay out the cryptocurrency they directly receive from customers who pay for the challenges with crypto. Additionally, due to current banking limitations in the UAE, crypto liquidity is limited at the moment.

On top of this, Upcomers fully follows the VARA, the UAE's crypto regulator. VARA is recognized as one of the strictest and most trusted regulators in the world. To meet those standards, every crypto payout includes extra reserves, detailed reporting, and long-term record keeping to protect the trades and ensure full compliance.

How Long Each Payout Actually Takes

Stage1: After you submit a withdrawal request, the Risk Team reviews it to ensure all conditions are met and it takes approximately 24 to 48 hours.

Stage 2: Once your withdrawal is approved, the next step is you will select how you want to receive your funds. Once you have submitted your payout method details, the payout is queued for processing by its Finance Department. The department processes approved payouts approximately 24 hours after receiving the payout details.

Stage 3:. From there, bank transfer usually takes approximately 2 to 5 business days to reflect on your account. On the other hand, crypto payouts usually arrive approximately 10 minutes to 2 hours after it is sent. 

Important note: Bank transfers only process on business days, so a payout sent over the weekend will typically arrive the following Monday. Crypto payouts are not affected by this and continue processing 24/7, even on weekends.

What Happens If a Payout Is Returned

Sometimes a bank transfer gets sent back. If a payout is returned, it means the funds couldn’t be delivered to the wallet or bank account you provided. This often happens because of incorrect account details, or the receiving bank rejects it. At Upcomers, it definitely handles every returned payout and sends it again once they receive confirmation from the back. However, to cover the administrative work with the bank or blockchain for the return and resend, a $30 reprocessing fee applies.

Important note: Please double-check your bank details before you submit a payout request and make sure the account name matches your account exactly to ensure smooth payouts.

Which Method Should You Actually Choose

Choosing between Bank and Crypto comes down to what works best for your goals. 

For most traders, bank transfer is the better choice. It costs less at every payout size, and the extra day or two rarely matters once you plan for it. Bank transfers are great if you prefer stability and familiarity. The trade-off is that it takes a bit longer because it follows the regular banking hours and days. 

Crypto payout is an excellent choice if you value speed and global access. You can receive your payout in minutes, any day of the week, and use it right away to reinvest or transfer worldwide.  There are traders on Upcomers who choose crypto like USDT because it’s fast, flexible, and gives you full control. 

Final Thoughts

At Upcomers, your payout experience should be just as smooth as your trading. Whether you choose a bank transfer or a crypto payout, both options are built to get your funds to you securely.