Withdrawing cryptocurrency to card in real money

All ways to withdraw cryptocurrency into fiat

There are 10 options for converting digital coins into rubles:

• At a crypto exchange.
• In an exchanger.
• Through a cryptocurrency wallet.
• With the help of bank cards.
• In a cryptomat.
• Through Telegram bots.
• Through electronic wallets.
• On P2P exchanges.
• Through cryptocurrency plastic cards.
• Exchange in person.

How best to safely withdraw cryptocurrency in real money depends on the circumstances. A large amount from 1 million rubles is more convenient to convert through exchanges. For transactions up to 1 million rubles, exchangers are suitable.

Crypto exchanges

A common and safe way to exchange digital coins is conversion on a trading platform. It is possible to convert cryptocurrency into rubles on more than 40 crypto exchanges. They offer withdrawal to payment services (for example, WebMoney) or bank cards (Visa, Mastercard). This is a convenient and fast way to cash bitcoin in Russia. However, commissions can be higher than in online exchangers. It is necessary to check the conditions of withdrawal before committing the operation.

An important advantage of exchanges is liquidity. Trading platforms have large stocks of coins. The user will not have problems with the withdrawal, even if it is necessary to exchange a significant amount.

Most exchanges at the stage of registration require verification of identity to work with fiat.

Some platforms allow you to fix the selling price – for this purpose, a limit order is used. This is relevant in view of the high volatility of digital assets – in case of a sharp decline in the exchange rate, financial losses will be prevented.

Exchange procedure

To withdraw funds from the exchange, you need to:

1. Open an internal wallet with a balance.
2. Select “Withdraw funds”.
3. Specify the cryptocurrency to be exchanged.
4. Select the payment method.
5. Specify the details of a bank card or other payment system.
6. Enter the confirmation code.
7. Wait for the receipt of funds.

The best cryptocurrency exchanges

At the beginning of 2022 to cash digital coins into rubles are offered by dozens of trading platforms. The most popular services are presented in the table.

Online exchanges

At the beginning of the development of the crypto market, sending fiat from trading platforms to cards was difficult. Users transferred funds through exchangers. Monitoring sites helped to choose a service with good conditions. An example of such a site is BestChange. On the site you can compare exchangers by different parameters, read reviews and get statistics. To choose a convenient service for withdrawing money from cryptocurrency, you need to:

1. To study the possible limits and restrictions on transactions.
2. Evaluate the exchange rate.
3. Read about the reserves of the service.
4. Learn the feedback of users.

Among exchangers there are also fraudulent sites. Legal services often require verification of users. Then you need to upload an identity document to your account and confirm your residential address.

Exchange procedure

To withdraw crypto to a bank card, you need:

1. Go to the aggregator site (for example, BestChange).
2. Choose the currency of sale and purchase.
3. Go to the site of the exchanger from the proposed list.
4. Familiarize yourself with the rules of the site.
5. Specify what currency you need to give and receive.
6. Enter card details.
7. Check the specified details.
8. Register the application.
9. Receive confirmation.
10. Wait for the receipt of funds.

Tips for using exchangers

For a successful conversion of coins, the user needs to follow the rules:

• Transfer cryptoassets in the amount specified in the application. If the amount is more or less, you can lose funds. The technology of the service does not recognize the operation.
• Contact tech support in case the exchange did not take place within the specified time.
• Clarify the size of the commission and additional fees for the use of payment services.

Cryptocurrency wallets

This method is common among traders who need to withdraw money to a card. Working with crypto wallets is convenient and relatively safe. Services cooperate with different providers and offer favorable exchange rates. Users can maintain anonymity – many cryptocurrency wallets do not require a verification procedure. The plus side of the method is that coins are quickly transferred.

How to withdraw funds from a cryptocurrency wallet

To transfer coins from the vault to another address, you need:

1. Log in to the application and account.
2. Select the “Exchange” section. Specify the currency for conversion.
3. In the “Receive” field, enter the fiat (for example, rubles).
4. In the “Method” section, specify a bank card.
5. Enter the amount and details.
6. Select the provider’s offer.
7. Check and confirm the transaction.
8. Wait for the receipt of funds.

Bank cards

Visa and Mastercard have been looking towards cryptocurrencies for a long time. However, in Russia, banks do not yet officially support digital assets.

You can withdraw cryptocurrency to a bank card using third-party services:

• Exchanges.
• Exchanges.
• P2P platforms and so on.

Electronic wallets

Such platforms as AdvCash and WebMoney attract users with low commissions and a convenient interface. They also allow you to create cryptocurrency wallets and exchange digital assets within the service.

Electronic payment systems are supported by exchanges and exchangers. For example, on Binance there is an opportunity to withdraw to Payeer and AdvCash.

P2P exchanges

Peer-to-peer services allow traders to exchange assets without the participation of intermediaries. Counterparties can influence the pricing and terms of transactions. This method of conversion is fully decentralized. However, the absence of an intermediary who acts as a guarantor of the transaction carries additional risk.

A well-known P2P exchange is LocalBitcoins. The platform unites sellers and buyers. To work on the exchange, you need to register an account. Using filters, a trader finds a seller with suitable conditions and concludes a deal.

Telegram bots

Trading digital coins is available in the popular messenger. The sale of assets is similar to P2P exchanges. The user needs to:

1. Find a Telegram bot.
2. Select “Sell” from the menu.
3. Read the providers’ offers.
4. Select the offer and payment method (bank cards, e-wallets).
5. Perform the operation and wait for the receipt of funds.
6. If necessary, withdraw money from the card.

Cryptomats

You can cash out digital assets in special terminals. They are similar to ATMs in appearance and the principle of operation. The conversion rate corresponds to exchange platforms. However, commissions for the operation often exceed 5%. In Russia, cryptomats are not widespread, so it is difficult to find such a terminal. The minus of the method is the risk of losing funds by using a fraudulent device.

Cryptocurrency plastic cards

Several projects, such as Revolut and Amon, have launched their own payment instruments. These are analogs of bank cards, but linked to digital accounts. The conversion of cryptocurrency into fiat happens automatically when the user pays in a store or on a website. However, this method is practically not in demand in Russia.

Exchange in person

A rare method of converting cryptocurrencies into fiat with a high risk is a cash transaction. Making such transactions, you can lose money. An unfamiliar partner is capable of misappropriating coins, revising the rate or hiding. Exchange in person can only be done with trusted people.

Recommendations for withdrawing cryptocurrency in real money

A few tips on how to safely cash out bitcoins:

1. Read comments and reviews of other traders before choosing a service.
2. Learn the exchange rate, the site’s commissions.
3. Test different services and choose the most convenient.

Summary

There are many different ways to withdraw digital assets. The most popular are conversion on crypto exchanges and in exchangers. Services offer different rates and assign commissions. To choose a platform with the most favorable conditions, you can use aggregators or study the recommendations of other traders.

The cryptocurrency market is still at an early stage of development. There is always a risk of losing money and sending funds to fraudsters.

There is no unanimous opinion on the issue of withdrawing assets. Each trader chooses the method of conversion that is most convenient for him.

Frequently Asked Questions