Do you want to withdraw cryptocurrency to fiat money such as USD and Euro conveniently? Don’t worry, there are several reliable methods that you can follow. After buying a lot of Bitcoins, Ethereum, Ripple, or any other cryptocurrency, or earning the digital coins from jobs and business, you might need to withdraw to fiat money for use.
One thing to know is that you have to first change it into fiat money then withdraw for use. It is better done at the exchange platforms where you have many options to suit you. Another thing to note is that a commission to process the transaction is applicable.
So, here are the most common ways to withdraw cryptocurrency today.
Withdraw Cryptocurrency Using an Exchange Platform
Exchange platforms are brokers who make crypto transactions seamless in many ways. For instance, when a client wants cryptocurrency withdrawal to a bank card, they will not know that a series of processes were done until the money is in their bank card because it was done in a single package. So, what are the options to withdraw cryptocurrency using an exchange platform?
- Withdraw to a bank card – This is one of the options to withdraw cryptocurrency on Nakitcoins. Just like any other reputable exchange platform, the process is fast and only a small commission is charged. After the fiat money is on your bank card, you can withdraw it into cash or use the bank card to pay for your bill.
- Withdraw to PayPal – If you want to withdraw cryptocurrency to fiat money through internet money solutions, PayPal is a great option. Many trusted exchange platforms have this option as well. Thereafter, you can use your money on PayPal as you wish, but usually, people use it to pay for goods and services.
- Withdraw to mobile money – This option of cashless money is available in many parts of the world. Therefore, many exchange platforms can help you withdraw crypto to your mobile money address within a short time.
Withdraw Cryptocurrency at a Bitcoin ATM
Another easy way to withdraw cryptocurrency into fiat money is using a Bitcoin ATM. These machines are now strategically located in many busy hubs across the globe with simple instructions to do crypto transactions.
Just like in an exchange platform, there are a few options, but this depends on the company operating the BTC ATM. The most common one is to withdraw cryptocurrency into your bank card, and then spending the money or withdrawing it into cash later at a regular bank ATM.
Another option is to withdraw your digital assets into cash at the BTC machine. They are usually set to dispense the local currencies in your area or internationally recognized currencies such as USD, EURO, and GBP, among others.
Withdraw Cryptocurrency by Selling for Cash
The last but not least option on this list is selling crypto for cash directly to someone you know. This does not involve any brokers, but the source of the buyer could be a P2P platform, social media platform, or from your circle of acquaintances.
Also Read – Top 5 Cryptocurrency other than Bitcoin
With these insights, you can withdraw cryptocurrency into fiat money with ease. Some of the methods such as withdrawal into a bank card can be done from the convenience of your mobile phone or computer. So, take advantage of the options.