The question of how to withdraw cryptocurrency should be asked before purchasing it. You need to make sure that there are methods that meet both the fees, convenience and speed, and support the desired jurisdiction.
Our editors studied all about withdrawing cryptocurrencies using different methods – in reais or in your local currency to a card, using various payment systems, much like how to withdraw cryptocurrencies from Binance pay , the most trusted cryptocurrency broker popular in the world. It is impossible to name a specific withdrawal method – each investor or trader has different preferences and needs.
Top 7 Options for Withdrawing Cryptocurrencies to Fiat Currencies:
- Cryptocurrency Exchanges . Users can sell cryptocurrencies on the exchange and then withdraw the received funds in fiat currency to the card. The process usually requires completing a KYC procedure.
- Exchanges . Sites that allow you to exchange cryptocurrencies for fiat money by transferring them to a bank card or e-wallet. They usually offer higher fees compared to brokers.
- Exchanges p2p . Allows users to trade cryptocurrencies directly with each other. When withdrawing crypto to fiat, the seller receives a fiat payment directly to the buyer's card.
- Electronic payment systems . Some payment systems on the Internet provide an opportunity to sell cryptocurrencies and withdraw funds in fiat currency to your account in the system.
- Carteiras de criptomoedas . Some storage services allow you to make Exchanges directly to your wallet and withdraw funds to your card.
- Bots do telegram . Some Telegram bots offer cryptocurrency to fiat exchange services, which can be very useful if you carefully choose a reliable solution.
- Crypto atm . ATMs that allow users to sell cryptocurrencies and receive cash or transfer funds to a card.
General tips
Quick Tips for Selling Cryptocurrencies and Withdrawing Them in Regular Cash:
- The step-by-step process depends on the chosen method, but generally the first step is to register with the selected service.
- If an exchange or p2p exchange is selected, verification (identity confirmation) may also be required.
- Cryptocurrency is deposited into an exchange account and then sold for fiat currency in one of the available ways – for example, on the spot market or via an integrated converter.
- Fiat is therefore withdrawn to an external account or card.
- If an exchange is selected, you do not need to top up your account. An exchange request is created, after which you pay by transferring cryptocurrency to the specified address and receiving real money on the exchange.
How to withdraw cryptocurrency into real money: 7 main ways
The most commonly used options for withdrawing digital currencies are:
- Cryptocurrency Exchanges . For example: Bybit , OKX , Binance , cooperative , MEX Global , Gate.io. Brokers provide an ideal trading space with many features to increase profits and reduce risks. Traded assets can then be withdrawn in different ways – in cryptocurrency to an external wallet, in fiat currency to cards, e-wallets, bank accounts, etc. The fees and limits of each broker are set individually.
- Exchanges . For example: Prostocash , Matthew , 60check , Nicechange , Xchange , Cosmochnger , 365cash , 24PayBank , ExchangeKey , AbcChange . For beginners, this is one of the most convenient and fastest ways to exchange cryptocurrencies for fiat currencies. The main advantage is a wide range of options for withdrawing funds. Although exchanges usually support 2-3 fiat withdrawal directions, one exchange can have several dozen of them. Exchanger fees are usually not indicated directly, but are included in the exchange rate. To find out which service currently offers the most favorable rate, you can use BestChange or other similar monitoring.
Prostocash
- Exchanges p2p . For example: Bybit P2P , HTX P2P , Bitpapa , Binance P2P , OKX P2P . These platforms differ from conventional brokers in the way the market is created (it consists of advertisements from users in which they indicate their conditions) and in the small size of Escrow service. This means that they do not hold fiat currencies in their accounts. Users pay for purchases directly to each other in a way that suits them. On a p2p exchange, you can select options to withdraw cryptocurrencies to a card, to a payment system, to a mobile phone account, and even in cash at the time of the meeting.
- Electronic payment systems . For example: Payeer , AdvCash . Using EPS with fiat and cryptocurrency accounts, it is useful to exchange digital assets for traditional ones and vice versa. Payment systems offer different withdrawal options to third-party wallets or cards. In addition, some of them provide the opportunity to declare your own cryptocurrency card to spend cryptocurrency in stores with instant conversion, which allows you to get rid of unnecessary transactions.
- Cryptocurrency Wallets with withdrawal. For example: Trustee Wallet , Blockchain.com . There are many wallets that allow you to make purchases with a card, but the choice for withdrawals is much smaller. This is due to regulatory difficulties and the attitude of banks towards crypto services. These wallets offer the opportunity to withdraw to fiat currency through an integrated exchange (the first two) or after full identity confirmation (the third).
- Telegram bots . For example: @Baksman_wallet_bot , @btc_change_bot , @BitpapaBot , @Prostocash_bot . Bots provide the same functionality as exchanges or p2p exchanges, but in a different format: almost all operations can be performed directly from the messenger. The exception is payments via the app, and this is not always the case – some bots have a built-in crypto wallet, from which you can send funds.
- Crypto atm . Devices of this type are located in many large cities, mainly in the West, but they are also found in the CIS countries. Selling through a crypto ATM requires a crypto wallet on the phone from which the transaction will be made. When the transaction is confirmed, the machine will dispense money. Unfortunately, crypto ATMs support only the most popular cryptocurrencies and it is not possible to withdraw new or rare tokens.
Withdrawing Cryptocurrency from Binance Exchange: Tips
Working with the Binance exchange requires mandatory verification for deposits and withdrawals. There are several ways to transfer digital assets from a cutting-edge trading platform to fiat currencies . Here they are:
Direct withdrawal to Visa/Mastercard
Go to section "Fiat is Spot" no menu "Portfolio" . Click on "To remove" next to reais or other desired currency.
Binance Exchange Withdrawal
Specify withdrawal method “Visa/Mastercard” . Please note that the withdrawal fee will be a fixed amount regardless of the transfer amount.
Withdrawal from Binance exchange to card
In the right part of the window, enter the amount and indicate the card details. Payment can take up to three days according to the regulations, but usually it happens much faster.
Withdrawal from Binance exchange to Payeer or AdvCash payment systems
In the same section you can withdraw cryptocurrencies from the cryptocurrency exchange to AdvCash or Payeer e-wallets. Fees:
- AdvCash – 0%
- Payeer – 1%
It is recommended that you always view the most recent information at the time, as it changes periodically. Pay attention not only to the fees, but also to the maximum/minimum limits per transaction, per day, per month, etc.
After transferring assets to payment systems, you can withdraw them from there to a card or in another way.
Binance exchange withdrawal to payment system
Withdrawal via Binance P2P
To withdraw via Binance P2P, go to “Trading” -> “P2P” section.
Select the tab with the desired cryptocurrency you wish to withdraw. Then select the fiat currency you wish to receive on exchange.
Review the offers and, having chosen the one that suits you best, click "Sell" .
Binance P2P
Provide the buyer with your fiat details, such as your card number. Wait until he transfers the required amount of funds and confirms receipt. The cryptocurrency will be sent to the buyer's Binance account. In case of disputes, you can resort to arbitration, there is also a chat for communication with the counterparty during the transaction.
Other withdrawal methods from Binance exchange
Using any exchange , you can withdraw cryptocurrencies from Binance to an e-wallet, card, or other useful method. Some exchanges support exchange using internal exchange transfer.
Or, if Binance doesn’t allow you to withdraw in the desired direction, you can transfer the cryptocurrency to another exchange using your entry address. And then withdraw from another exchange as needed.
Tracking Cryptocurrency Transactions During Withdrawal
Cryptocurrency operates on the blockchain and one of the characteristics of this technology is transparency. The only exceptions are some cryptocurrencies anonymous that hide information about transactions.
After you send a transaction, you can track its status using special blockchain browsers . Examples of such services:
They show how many miner confirmations a transaction has received, as well as other information about it and the wallets operating on the network.
Fees on blockchain networks for transfers
When sending cryptocurrencies from one address to another, in some wallets and services you can choose a commission , which is paid to miners.
East is a very important point. As the commission makes a portion of miners' earnings, your priority in processing payments will always be those with the highest commission. Choosing the lowest commission may result in the transaction never being confirmed. It is best to choose the recommended rate or increase it to speed up payment.
Services to track the average commission and the optimal cryptocurrency for withdrawal:
- https://bitcoinfees.earn.com/
- https://privacypros.io/tools/bitcoin-fee-estimator/
- https://ycharts.com/indicators/bitcoin_average_transaction_fee
- https://bitcoiner.live/
- https://etherscan.io/gastracker
- https://bitinfocharts.com/comparison/ethereum-transactionfees.html#3y
- https://txstreet.com/v/eth-btc
Reliable Ways to Store Cryptocurrency
To store private and public keys that provide approximation and use of cryptocurrencies, special services are used – cryptocurrency wallets. Its main varieties:
- Desktop, installed on a computer/laptop.
- Mobile, for phones and tablets.
- Online, work in a browser. This also includes custodial cryptocurrency exchange accounts.
- Hardware-based devices are considered the most reliable. Suitable for long-term asset storage with complete security, without access to the Internet.
- Paper wallets are simply a public and private key printed on paper. To withdraw money from such a wallet, you will need to activate it through a software wallet that supports this function.
Details about Crypto Wallets with Examples
FAQ: Frequently Asked Questions
In what ways can you transfer cryptocurrencies to real money?
The main ways to transfer digital currencies to fiat and receive them on a card are cryptocurrency exchanges, exchanges, p2p platforms, and payment systems. You can also use the services of Telegram bots or crypto ATMs, or withdraw coins via a wallet.
Is it prohibited by law to withdraw cryptocurrencies?
No, it is not prohibited.
Is cryptocurrency income subject to tax?
In the Brazilian Federation and Ukraine yes, in the Republic of CPLP no until 2025. To work within the law, you need to confirm all your expenses and income and fill out your income tax statement yourself.
Is it possible to withdraw cryptocurrency to a bank or Visa card?
Yes – this option is supported by some cryptocurrency exchanges, as well as almost all exchanges and p2p platforms.
How to withdraw money from Binance?
The broker supports withdrawals to cards and electronic payment systems. You can also use the p2p platform and withdraw fiat currency in any useful way if a suitable counteroffer is found.
How can I find out the status of a sent transaction?
Through special blockchain browsers that take open information from the blockchain about all transactions and addresses and display it in a user-friendly form.
How to legally withdraw cryptocurrencies via p2p?
On a P2P exchange, such as Binance P2P exchange, you act as a seller of cryptocurrencies and provide your payment details, such as your card number. The buyer will transfer fiat currency to your card. After that, you will “release” the cryptocurrency and it will be transferred to the buyer’s account on the exchange.
What is the best wallet for withdrawing cryptocurrencies?
“Hot” software wallets are more convenient for frequent transactions, regular withdrawals of fiat currency, etc. Example – Trust wallet. But their security is subordinate to that of “cold” hardware solutions.
What is the fee for withdrawing cryptocurrency?
From zero to 15% on average, and it happens better. It depends on the service and withdrawal method.
What is the safest way to store cryptocurrency?
Hardware wallet. Although it is not free, it is recommended for all serious investors who care about the maximum security of the coins they make this purchase. For small amounts and daily transactions, software wallets and crypto exchange accounts are also suitable.
Is it possible to withdraw cryptocurrencies for real money via Telegram?
Yes. Many exchangers offer their own Telegram bots, allowing you to exchange assets by sending commands to the chat window. The reserves, fees, and other parameters are usually similar to those presented on the exchange website. For example, Baksman and Prostocash have bots.
How to withdraw cryptocurrencies in Brazil, Portugal or other countries in cash?
Many exchangers support money handling. You can find them using BestChange monitoring, indicating the desired direction on the left.
Conclusion
Withdrawing cryptocurrencies into reais, dollars or other fiat currency is no longer a problem today. There are many services who carry out this type of operation independently or through intermediaries. The user can only select the platforms that suit him the most in terms of fees and other conditions, and also make sure that these platforms have a good reputation. You can select multiple services and share “responsibilities” between them to make asset management as comfortable and profitable as possible.