Beginner 6 min read
Rise Wallet Tutorial
Rise is a payment platform designed for receiving USD payouts internationally. Several prop firms now support Rise as a direct withdrawal method, especially for traders in regions where Wise has limited coverage.
What Is Rise?
Rise (riseworks.io) is a payment platform that lets you receive USD payments with a US bank account, similar to Wise. It's particularly popular among freelancers and traders in Latin America, Africa, and Southeast Asia where traditional banking options are limited.
Rise Advantages
- ✅ Available in 150+ countries
- ✅ US bank account details for ACH transfers
- ✅ Low withdrawal fees (1-2%)
- ✅ Crypto off-ramp option (USDC)
Rise Limitations
- ⚠️ Newer platform (less track record than Wise)
- ⚠️ Fewer currency options than Wise
- ⚠️ Customer support can be slow
- ⚠️ Not available in all countries
Rise vs Wise Comparison
| Feature | Rise | Wise |
|---|---|---|
| Countries | 150+ | 80+ |
| Conversion fees | 1-2% | 0.3-1.5% |
| Currencies | 10+ | 50+ |
| Speed | 1-3 business days | 1-2 business days |
| Crypto option | ✅ USDC | ❌ No |
| Mobile app | ✅ Yes | ✅ Yes |
| Track record | Since 2021 | Since 2011 |
When to Choose Rise Over Wise
- ✅ Wise is not available in your country
- ✅ You want to receive payouts in USDC (crypto)
- ✅ Your prop firm directly integrates with Rise for faster payouts
- ✅ You're in Latin America, Africa, or Southeast Asia with limited banking options
Want more payout options?
Check our crypto payout guide or Wise setup guide for alternatives.
Crypto Payouts