6 minute read
How to Change Withdrawal Method in Quotex
If you’re a trader using Quotex in 2025, chances are you’ve already tested different withdrawal methods like crypto wallets, bank transfers, or local e-wallets such as Skrill, Mpesa, or Perfect Money. But what happens when you need to switch? Whether you're chasing faster payouts, lower fees, or just correcting a mistake, knowing how to change withdrawal method in Quotex is essential for staying in control of your funds. 🎯
In this guide, I’ll walk you through everything you need to know—step-by-step instructions, timing tips, account verification, safety factors, and expert recommendations.
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⏩ Open Quotex Account - link here 👈
⏩ Visit the Quotex Official Website 👈
💡 Can You Change Withdrawal Method in Quotex?
Yes—but with important conditions.
You cannot change the withdrawal method on an existing request once it’s been submitted. If you already clicked "Withdraw" and selected, for example, a Bitcoin wallet, then changed your mind, you must cancel the pending request first (if it hasn't been processed), and then resubmit a new withdrawal using your preferred method.
That’s the only way to successfully change it.
So, the only way to change withdrawal method in Quotex is to cancel the previous request and create a new one with the correct method.
🛠️ Step-by-Step: How to Change Withdrawal Method in Quotex
Let’s go through this together as if you're doing it right now:
Step 1: Log into your Quotex accountHead over to Quotex broker or use the app.
Step 2: Go to the Finance or “Withdrawals” sectionClick on your account icon → Finance → Withdrawals.
Step 3: Check if the current withdrawal request is still “Pending”If yes, click “Cancel” or “Revoke.” This will stop the payout process and restore your funds back to your Quotex balance. 💸
Step 4: After cancellation, go back to the withdrawal screenNow, select the new method you want to use. This could be:
Bank account
Mpesa
Perfect Money
Bitcoin / USDT wallet
Skrill or Neteller
Step 5: Enter the details carefullyUse your personal info only. The name on your withdrawal account must match your Quotex profile, or the request may be rejected.
Step 6: Submit the new withdrawalYou may be asked for 2FA confirmation (email or SMS code). Once approved, it will move to the "Pending" status again—but this time, using the new method.
See more:
⚠️ When Is It Too Late to Change?
If your original withdrawal request has already entered these statuses:
Processing
Approved
Completed
…it is too late to change the withdrawal method. The funds have already been sent to the provider and cannot be rerouted. That’s why timing is critical. 🎯
💡 Always double-check withdrawal details before submitting. If unsure, start with a small test withdrawal.
🔐 Why Would You Want to Change Withdrawal Method?
Here are some of the most common reasons traders change their withdrawal channel:
Switching from slow bank transfer to fast crypto
Avoiding high fees on Skrill or Payoneer
Lost access to old e-wallet
Wanting to use a verified Mpesa account instead
Seeking faster processing or weekend availability
👉 The key here is flexibility. Don’t get stuck with one method when better options are available.
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🧠 Pro Tips Before Changing Withdrawal Method
Want to make sure your switch goes smoothly? Follow these expert tips:
Cancel fast: Don’t wait hours after submitting if you want to change
Use matching credentials: Your withdrawal method must have the same full name as your Quotex account
Re-verify if needed: Some methods (like bank or Skrill) require additional verification
Choose low-fee methods: Crypto and Mpesa are usually cheaper than banks
Set your favorite method as default for future withdrawals
✅ This will save you time, prevent failed payouts, and improve your cash flow as a trader.
📲 Can You Do This from the Quotex App?
Absolutely. If you’re trading on mobile, you can change your withdrawal method on the go:
Open the Quotex app
Tap “Finance” → “Withdraw”
Cancel your existing request (if pending)
Submit a new one using your preferred method
The app supports all major payout options and works in real time. Just ensure you're using the latest version.
🌍 Is This Available in All Countries?
Yes, the ability to change withdrawal method in Quotex is global. But not all methods are available in every country.
For example:
Mpesa is available in Kenya and parts of Africa
Perfect Money works well in Asia, Nigeria, and Eastern Europe
Bank transfers are better for EU, India, and Indonesia
Crypto wallets are global and often the fastest
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💬 What If You Make a Mistake?
Mistakes happen. You may enter the wrong wallet address or choose a method that no longer works. Here's what to do:
Cancel quickly before it’s processed
Double-check your info before submitting a new request
Contact Quotex support if the mistake is discovered too late
They may assist you if the funds haven’t left the platform yet. If they have, you’ll need to reach out to your bank or wallet provider directly.
⚠️ Crypto transfers are irreversible once confirmed. Always copy wallet addresses correctly.
✅ Q&A – 10 Common Questions on Changing Withdrawal Method in Quotex
1. Can I change the method after submitting a request?
Only if it's still Pending. Otherwise, it’s locked.
2. How do I cancel a withdrawal to use another method?
Go to Finance → Withdrawals → Click “Cancel” next to the pending request.
3. Can I use a different person’s payment method?
No. All withdrawal accounts must be in your name.
4. How many times can I change the method?
There’s no limit, but too many cancellations may flag your account for review.
5. Which method is fastest?
Crypto and Mpesa are the fastest for most countries—often under 1 hour.
6. Can I change methods using the mobile app?
Yes. The app supports all withdrawal actions, including cancellations and new requests.
7. Does Quotex charge a fee to change methods?
No fee to cancel or re-request. But your chosen payment provider may charge.
8. Is verification required every time I switch?
Sometimes, yes. If you’re using a new bank or wallet, you may be asked for additional documents.
9. Can I set a default withdrawal method?
Currently, Quotex doesn’t have this feature. You choose each time manually.
10. What if I forget to cancel and it’s processed?
Unfortunately, once processed, you cannot change the method or reverse it.
Final Thoughts 🎯
Understanding how to change withdrawal method in Quotex gives you flexibility, control, and peace of mind in your trading journey.
Whether you're reacting to an error or just optimizing your strategy, knowing how to cancel and re-submit withdrawals helps you protect your profits and avoid unnecessary fees or delays. 💸
And if you’re not satisfied with how your broker handles withdrawals, consider trying platforms that give you more payout power:
Stay sharp, stay informed, and always manage your money with precision. 🚀
