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Within 1 year

Is it possible to deposit funds into my Multigain account with cryptocurrencies such as Bitcoin or USDT?

Broker Issues
Multigain
Withdrawal
Deposit
06-02
United States
WikiFX
Reply

From my experience and after carefully reviewing the details available, I would advise extreme caution when considering depositing funds into a Multigain account—and, more specifically, with cryptocurrencies such as Bitcoin or USDT. According to the information provided, Multigain does not list cryptocurrencies as a supported deposit method. Instead, only traditional channels like online or offline banking, mobile banking, and IVR banking are mentioned. This is a critical distinction, since regulated brokers typically provide explicit, transparent information around their funding options, especially when it comes to cryptocurrencies. The absence of regulatory oversight for Multigain, combined with reports from users regarding problematic withdrawal processes and lack of transparency, significantly increases the risk associated with this broker. As someone who values fund security and regulatory protection, I find the situation concerning. Depositing via cryptocurrencies is irreversible and leaves traders with no recourse if issues arise. Given there is no evidence that Multigain accepts crypto deposits—and considering all the potential risks—I would not attempt to fund an account with Bitcoin, USDT, or similar means. For me, fund safety always comes first and, in this case, the risks far outweigh any potential convenience.

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