A crypto payout from WhitePips goes like this. You request it from the dashboard, you get a receipt confirming that the request has been received, and it is paid in USDT, USDC, BTC or ETH to a wallet in your own name. A bank transfer is also available, and store credit is a third option.
Before any of that can happen, your identity has to be verified. KYC is required before platform credentials are issued and again before the first payout, and payouts go to the verified trader only. The wallet has to be yours. That is the single check that delays more first payouts than anything else, and it is the one you can finish before you ever request.
This post follows a payout from the request to the wallet: what is checked, what can hold a request up, the minimum payout on each plan and the certificate that is issued when it is done. The general version of the first payout, for any method, is in what happens at your first payout.
Before you request: KYC and the payout conditions
Identity verification happens twice in the life of an account. The first time is before your platform credentials are issued, so by the time you are trading it is normally done. The second is before the first payout, and it confirms that the person being paid is the person who was verified. Payouts are made to the verified trader only, which means the wallet or bank account must be in your name and under your control. A friend's wallet, an exchange account in someone else's name or a shared company wallet will not be paid.
Each plan also has conditions that must be met before a request opens. On the CFD plans these are the profitable days: Edge 1 Step needs 3 days of at least +0.5% before each payout, Edge 2 Step needs 2, Instant Go needs 5 and Instant Pro has none. The first payout can be requested on demand once the account is funded, or after the first trade on Instant, and then weekly, or bi-weekly on Instant Go. The dashboard shows how many days are still missing, so there is no need to guess.
On futures plans the conditions are different: a profit buffer and a minimum profit goal on the One Step funded account, a payout milestone on Instant, a set number of profitable days on each, and a $500 minimum payout before the split. The plan page lists them per size.
What a request needs
Once a request is in, you get a receipt confirming that it has been received. What a request needs is the same whichever method you chose, and it comes down to four things.
- That KYC is complete and the destination belongs to the verified trader.
- That the plan's payout conditions are met: profitable days, minimum payout, and on futures the buffer or milestone.
- That the account is within its rules, with no open warning or breach that affects the payout.
- That the trading that produced the profit is yours and is allowed: your own expert advisor rather than a bought one, copying only between your own accounts, and no activity the risk desk reviews, such as HFT or tick scalping, liquidity abuse or, on Instant plans, profit concentrated in one symbol or one day.
Where a rule has been broken, the risk desk decides, and its options range from removing the profit of specific trades to holding the payout or closing the account. Those are decisions, never automatic. If a request is held up, the reason is almost always that one of the four points above is unresolved, and three of them can be checked by you before you press the button.
Sent to your wallet
A crypto payout is sent to the wallet and network you confirmed. When it arrives depends on the blockchain network, just as a bank transfer depends on the banks involved, so WhitePips does not promise a time for either. The request is the same for both; the difference is where the money goes.
USDT and USDC are stablecoins pegged to the US dollar, so the amount that arrives is the dollar amount that was paid. BTC and ETH are paid as the equivalent amount at the time of sending, and their dollar value will move after that with the market. For a trader who wants to know exactly what they received, the stablecoins are the simpler choice; for a trader who wants to hold crypto anyway, BTC or ETH saves a conversion.
Two things go wrong at this stage, and both are on the receiving side. The first is a wallet address on a different network from the one selected, which can lose the funds; copy the address from the wallet, do not type it, and check the network matches before confirming. The second is an exchange deposit address that the exchange later changes or that has a minimum deposit; a wallet you control avoids both.
Minimum payout on each plan
The minimum you can request depends on the plan, not on the method:
- Edge 2 Step and Prime 2 Step: no minimum.
- Edge 1 Step and Prime 1 Step: 1% of the starting balance, capped at $100. On a $5K account that is $50; on $10K and above it is $100.
- Instant Pro and Instant Go: 1% of the starting balance, with no cap. $25 on $2.5K, $100 on $10K, $250 on $25K, $1,000 on $100K.
- Futures (One Step funded and Instant): $500 before the split, with a maximum per payout that depends on the size and, on One Step, on whether it is the first payout.
The amount you receive is the eligible profit multiplied by your split: 80% up to 95% on Edge, 75% up to 90% on Instant Pro, 70% up to 85% on Instant Go, 90% on futures, and higher on Edge and Instant once scaling has lifted it. On the evaluation plans the first payout also carries the refund of the evaluation fee, which is why that first one is usually larger than the profit alone would suggest.
Who pays in crypto, and why
Crypto is the natural choice for a trader whose bank is expensive or unhelpful with transfers from abroad, or who wants to hold crypto anyway. It is also the only purchase method available in some countries, among them the United States, Russia and Venezuela, where an account can be bought with crypto only. A trader who paid the fee in crypto will generally find a crypto payout the simplest route back.
Against that, a bank transfer arrives as currency in an account you already use, with no network, address or conversion to think about. Choose the method that suits the request.
The payout certificate
When a payout is complete, a certificate is issued automatically. It records the payout and carries a verification code, so anyone you share it with can confirm that it is genuine rather than a screenshot. Traders use them to build a public record, to show a partner or an audience, or simply to keep their own account of what the trading has paid.
The certificate is issued on every payout, not just the first, and it is the same whether the payout went by crypto or by bank. Together with the per-trade certificates in the trade history, it makes the record of a funded account something that can be checked by a third party, which is a large part of why the first payout is worth more than its cash value.
Every request is confirmed as received, whichever method you choose. The method only decides where the payout is sent.
Questions traders ask
What happens after I request a crypto payout? At WhitePips, you get a receipt confirming that the request has been received, and the payout is sent to the wallet in your own name.
Which coins can I be paid in? USDT, USDC, BTC or ETH, to a wallet in your own name. Bank transfer and store credit are the other options.
Do I need KYC before a crypto payout? Yes. Identity verification is required before platform credentials are issued and before the first payout, and payouts go to the verified trader only. Finish it early and the first request is routine. The payout rules are set out in full in the trading rules.