Recently, many are interested in cryptocurrencies, some are only planning to buy them, others are already selling and exchanging them for fiat money. In the article, the editorial staff of Btcnewsweb.com considered the main ways of how to withdraw cryptocurrency from a wallet or from an exchange and then exchange it for traditional currencies (for example, rubles or dollars). All presented options are legal and legal.
You can withdraw cryptocurrency into fiat money:
✅ Through cryptocurrency exchangers. For example, ProstoCash, 60cek, Ramon-Cash, Xchange, Platov and others. Exchange Bitcoin, Ethereum, Dash, Bitcoin Cash, Litecoin, Zcash for rubles, dollars, euros; transfer to Yandex, Qiwi, bank cards, to a bank (Sberbank, Alfa-Bank, VTB 24, etc.) and other payment systems.
✅ Through cryptocurrency exchanges. Popular Russian-language exchanges: Binance, Currency.com, Exmo, Cex.io, Bybit and others. They all work with fiat money (traditional money) and withdraw funds to Yandex.Money, Qiwi, AdvCash, Visa / MasterCard, WebMoney, etc. We also recommend that you familiarize yourself with exchanges without verification and fiat money.
✅ Payment systems: AdvCash, Payeer, Capitalist. They provide an opportunity to withdraw Bitcoin or Ethereum to Fiat Money. First, you need to replenish your account with cryptocurrency, and then withdraw using available methods: to a bank card, to other electronic wallets, etc.
Withdrawing cryptocurrency from the wallet
The withdrawal of cryptocurrency from the wallet is to send it to the recipient’s address. The principle of operation in all wallets is similar. For example:
- Withdrawing bitcoins from the Blockchain online wallet:
In the form, you need to specify the address of the wallet-recipient of the cryptocurrency, the transfer amount in BTC, add a description if you wish, set a commission for miners for conducting a transaction on the network. In the Blockchain wallet, it is possible to set a commission at your discretion, but if it is too small, then the operation may not be performed.
✅ Withdrawing Ethereum cryptocurrency from the MyEtherWallet wallet: click “Transfer Ether (Ether) or tokens”, insert the recipient’s address, the transfer amount.
Article: “How to buy Ethereum for rubles”
✅ Withdrawing litecoins from the Litecoin Core wallet: click “Send”, specify the amount of LTC, select the amount of commission.
To know if an operation has passed or not, you need to trace the transaction. This can be done using the following online services. You just need to enter the wallet address or transaction code:
✅ Coinbase – verification of Bitcoin, Ethereum, Litecoin transactions.
✅ Blockchain is all about bitcoin addresses.
✅ etherscan.io – detailed information about any ethereum address.
Continuing: “Buy bitcoins for rubles of Sberbank”
How to withdraw cryptocurrency from the exchange
The process of withdrawing a cryptocurrency from the exchange consists of two possible options:
✅ Transfer them to the address of any cryptocurrency wallet.
✅ Withdraw to the usual payment systems.
In most cases, exchanges have limits, minimum and maximum transfer amounts, and fixed commissions.
Let’s show this using the example of the well-known cryptocurrency exchange EXMO:
Go to the “Wallet” section and click “Withdraw” in front of the required cryptocurrency:
Next, look at the withdrawal conditions and fill out the form: indicate the amount in the line “Amount to be withdrawn” and enter the address of the wallet where the cryptocurrency is withdrawn.
If the cryptocurrency needs to be withdrawn and cashed out, then you must first exchange it on the exchange site in fiat currency.
This is done in the “Exchange” section, for example, ethereum for dollars:
Next, go to the “Wallet” section and withdraw money from the crypto-exchange.
Continuing: “How to exchange cryptocurrency for rubles.”
Withdrawal of cryptocurrency through exchangers
The withdrawal of cryptocurrency to bank cards, in rubles, dollars or other fiat currencies and electronic payment systems can be carried out using an Internet exchanger. The process itself consists in transferring the cryptocurrency to the wallet of the exchange office, which will then transfer the money to the card or transfer its equivalent to any available electronic wallet.
Continuing: a list of bitcoin exchangers.
Withdrawal via Matbea exchanger
As an example, we recommend paying attention to the Russian-language multicurrency service Matbi. It is an online exchanger and also includes a crypto wallet function. Supports Bitcoin, Litecoin, Dash and Zcash. In order to exchange cryptocurrency for rubles, you need to perform several steps:
- go through a simple registration on the site,
- send bitcoins to your bitcoin address in Matbi,
- exchange cryptocurrency for rubles and send rubles to your bank card (Sberbank, VTB, Alfa-Bank, etc.) or an electronic wallet (QIWI, Yandex.Money). The whole process takes no more than 15 minutes on average.
The process of buying Bitcoin is reversed. To begin with, we replenish the balance of Matbi’s personal account with rubles. After crediting funds, go to the “Exchange” tab and change rubles to cryptocurrency. And the last step is to send the cryptocurrency to your bitcoin address in a third-party service.
Withdrawal through the exchanger Prostocash
The following cryptocurrencies can be withdrawn through the Prostocash exchanger: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), DASH, Zcash, Dogecoin, Peercoin, Namecoin. Withdrawals are made to Visa and MasterCard cards of Russian banks, to electronic payment systems: AdvCash, Payeer, Perfect Money, Qiwi, Yandex.Money.
For example, to withdraw bitcoins to a Sberbank card, you need to select the appropriate direction in the “Give” and “Receive” columns.
Then fill out the form, enter the card details and leave your email address.
Next, click “Start exchange” and follow the instructions. More details in the article about cryptocurrency exchangers.
How to cash out cryptocurrency anonymously (via AdvaKesh)
A popular way to cash out cryptocurrency is to withdraw it to the AdvCash payment system (advcash.com website). The commission of the system itself is 0%, but the provider will charge a small fee. You can only transfer Bitcoin, if another cryptocurrency, then it is worth converting (exchanging) it into bitcoins.
Some cryptocurrency exchanges (EXMO, Livecoin) offer direct transfers from fiat money accounts to the AdvCash wallet.
After registration, you need to order a card (USD or EUR) within a week for a symbolic amount – $ 4.99. Card from Mastercard, delivery time – up to two months, we received it in a month. ATM withdrawal limit is USD 3,000 or equivalent.
You can cash out at any ATM, in any currency. But if you withdraw in a currency that differs from the currency of the card, then an additional exchange fee is taken.
You can easily find dollar ATMs in Belarus, Russia, Kazakhstan. In Ukraine, only hryvnia is issued.