How to withdraw money from mining

Withdrawal of funds from mining through these services will take up to 10 minutes. To do this, you need to:

1. Specify the name and amount of cryptocurrency on the site.
2. Enter the number of the bank card, to which the service will send rubles.
3. Transfer coins to the wallet of the exchanger.

When the amount arrives on the account, 1-10% of the commission will be deducted from it, and then send the fiat. It is important to see the fee, so that mining is not unprofitable.

In Russia, scammers often create exchangers. They receive cryptocurrency and block the client. Find a legitimate service can be found in the monitoring of our site. Verified sites indicate commissions, the number of coins to choose from, customer reviews.

Payment systems

Some EPS also offer to sell cryptocurrency to other users and receive money from them to an electronic wallet. The service acts as an intermediary between clients. For example, WebMoney, Advcash, PAYEER allow you to send tokens to your wallet and exchange them for rubles at the rate of the payment system.

This method is as convenient as exchanges, but is characterized by high commissions and a small selection of cryptocurrencies. However, payment systems are a safe and simpler option. It is suitable if you need to quickly withdraw income and cash it out. After the exchange, the money is immediately credited to the wallet of the payment system, from which you can pay for services in Russia.

Cryptocurrency ATMs

These are analogs of familiar terminals, which in terms of the principle of operation do not differ much from the second. The user transfers coins to the wallet of the cryptomat and confirms the transaction. The exchange rate is close to the price of currency on exchanges. After processing the transaction, the cryptomat will issue rubles. However, terminals have a large commission – 5-10%.

In Russia, due to the low popularity of mining, cryptomats are not widespread. At the same time, most of them offer only to buy coins. The sale is available in a few cryptomats in the country.

Bank cards

Visa and Mastercard are planning to start working with bitcoins. However, according to the legislation, banks do not support digital assets. Perhaps in the future, Russian companies will start accepting tokens, but this will not happen in the next few years.

Before you can withdraw money from mining to the card, you need to sell coins on the exchange or through an exchanger. Engaged in bitcoin mining, it is worth considering several steps of the operation and the commissions of different services, as 2-3 such fees can nullify the profit from the sale of cryptocurrencies.

Withdrawal to the card via Telegram

Here there are also financial services that allow you to exchange tokens for rubles. They work as P2P exchanges. Users send digital assets to each other, and a bot checks the security of the transaction.

This is a simple and anonymous method, as there is no need to specify personal data. However, the risk of meeting with fraudsters is high. Payment systems and exchangers take the same commission, but are safer and have a good reputation.

P2P exchanges

These are trading platforms where people transfer money directly to each other. The service becomes a guarantor of transactions. If one user does not receive cryptocurrency, then the purse of the second will not receive the amount in rubles. Disadvantages of P2P exchanges:

• A small selection of assets.
• It is necessary to search for purchase offers.
• The price is specified without commission.

When the counterparty responds to the user’s (miner’s) request, the trading platform will freeze rubles and show the wallet to which you need to send coins. After 3-6 hours, the party must confirm receipt and finalize the transaction. Fiat will arrive on the bank card Visa, Mastercard or to an electronic account.

Some P2P exchanges do not ensure the safety of users. On such platforms, fraudsters are more common, but you do not need to undergo verification. You should not use them, as you will not be able to get back the lost coins.

Safety and anonymity of cashing cryptocurrency

Many popular sites work under the laws of the Russian Federation. The safest options are cryptocurrency exchanges, payment systems. They have many users, good reviews and will not cheat people. Verification of identity protects miners from fraudsters. Between security and anonymity, it is better to choose the first.

It will not be possible to hide income from mining to avoid paying taxes. Banks monitor financial transactions and send information to the tax authorities. The Russian Federal Tax Service will fine a miner if it checks the income and finds a violation of the law.

Frequently Asked Questions