Then, click on Withdraw button on the right banner. Input the abbreviation or full name of a coin/token to withdraw, or select from the list. Take Bitcoin (BTC) as an example, after confirming the address, copy it into the Recipient's BTC Address field, and enter the withdrawal amount. To withdraw your funds, sign in to your Coinbase Commerce account and click on the Withdraw button next to the relevant cryptocurrency in the Balances section. A window will pop up and ask how much you would like to withdraw, and where you would like these funds to go. Online crypto exchanges make it possible to easily transfer or withdraw money from bitcoin and other digital cash. To cash out cryptocurrency or send money to blockchain, open your crypto App and click on the ‘Cash Out’ for blockchain-transfer. With transfer crypto to.

• How To Withdraw Bitcoin From Bovada
• How To Withdraw Bitcoin From Coinbase

How to withdraw bitcoin. Open up your BTC wallet. Open your bitcoin wallet from your Bitwala account. Choose your desired withdrawal amount. Select transaction & confirm.

How to cash out Bitcoin to Fiat: a review of various methods and a manual. How to transfer money out the crypto exchange accounts and wallets by means of exchangers and payment systems

Cryptocurrency exchanges, cloud services, exchangers, payment systems are all engaged into a huge network, called the Cryptocurrency Universe. Applications and wallets, bank cards, accounts of the digital networks, like WebMoney or Perfect Money, all of them make up a system of depositing, exchanging and withdrawing the money. From this review, you will learn how all market participants interact, how to withdraw Bitcoin from the wallet, and if there are any alternatives to the exchanges and wallets.

How to cash out Bitcoin from the wallet

Cryptocurrencies are getting more and more popular as a trading instrument, and there are appearing more and more mediators in the crypto market. The difficulty in the interaction between all market participants is that there are no common rules and no common standard. Each crypto exchange works only with certain payment systems; each exchanger supports only a certain set of cryptocurrencies. The way of depositing and withdrawing the money can sometimes be so complex that investors lose much money due to the commission fees, to say the least. There is no standard scheme how to withdraw Bitcoin from a wallet or an exchange account, because the rules in the crypto exchanges are changing all the time: new schemes are appearing, the commissions are changing, and so on. I’m going to suggest a general manual how to withdraw Bitcoin to the bank card; you are welcome to enrich and extend it in the comments.

How to withdraw BTC to bank card and convert it into Fiat currencies

It can seem that it is more reasonable to describe the way of depositing money, rather than withdrawing it. Before you cash out your cryptocurrency to Fiat, it should be somehow deposited into your trading account. And so, it is the easiest to withdraw it in the same way as you deposited it. But, in fact, it is not that simple. First, it is far easier to deposit the money than to withdraw it. For example, you can transfer a payment of almost any appointment from your credit card, but you can’t receive it. Second, the cryptocurrency may be added to the wallet as a result of mining. That is, there hasn’t been the account depositing, in fact.

First, I’ll describe a general scheme of the relationships between all crypto market participants. There are two ways of storing your coins:

• Wallets. They are a kind of application, software that is installed on a computer. Cryptocurrency is a kind of code that will be recorded in the application (it is a very simplified outline). There are also online wallets, placed on different services, but you’d better utilize only cold ones, downloaded from the official website of the cryptocurrency developers.
• Accounts on crypto exchanges. An investor is registered and verified on an exchange and tops up the deposit, depending on the options, available on the exchange. For example, you can just transfer Fiat money from your credit card to the banking details, provided by the exchange. Or, you first transfer it to a digital wallet (WebMoney, Perfect Money etc.), and from the wallet, you transfer it to credit card or cash out via a currency exchange store.

How you can withdraw Bitcoins:

• Transfer it from exchange to wallet;
• Transfer it from exchange or wallet to credit card via exchanger;
• Transfer it to card through the exchange;
• Transfer it from the exchange or a cold wallet to an account in digital payment systems.

How to transfer Bitcoins to Blockchain Bitcoin Wallet

Blockchain (Bitcoin Wallet) is a Bitcoin wallet, proved by time, that allows storing Bitcoins outside the exchange, on your desktop or a mobile gadget. The first step is creating the wallet:

• go to the official website of the wallet, blockchain.com;
• select the operating system, you are going to install application to;
• click “Create new Blockchain wallet”, enter your email address and the password.

You now have the wallet. I’ll describe how to transfer your Bitcoins to the Blockchain wallet on the Exmo example:

• Convert all the cryptocurrencies, you hold on the exchange, into Bitcoins
• In the section “Wallet”, by BTC, click “Withdraw”, fill in all the forms, entering your wallet address.

Exmo and other exchanges also provide withdrawing the money to digital wallets or directly to a cash card. For example, before you transfer Bitcoins to the bank card, you need to exchange them into U.S. dollars or the currency you need; next, you choose the withdraw method, Visa/MasterCard, and enter the card information. After the transaction has been formed, you’ll receive the confirmation email. The money will be transferred to your card in the period from a few hours to three days since the confirmation.

How to transfer Bitcoins from the Blockchain wallet (Bitcoin Wallet) to the card via exchanger

You can cash out cryptocurrency from the cold wallet with any e-currency exchanger; there are a few hundreds of them. That matter is how to avoid scammers and reduce commission costs. I suggest you use the monitoring website bestchange.com. It provides a list of reliable exchangers with the comments by real investors.

How you withdraw BTC to the card:

• On the left panel, you select a cryptocurrency to withdraw and a particular direction: Visa/MasterCard, QIWI, etc. On the left panel, there will be the list of exchangers that support the transaction.
• On the exchanger website, you check the reserve available (if you exchange BTC fro another cryptocurrency) and study the FAQ section.
• You select the exchanger, based on the following parameters: commission fees and exchange rates, official ranking of the exchanger wallet (BL - for WebMoney, TS - for Perfect Money), the mode of exchange (manual, semi-automatic, automatic), and go the website of the exchanger.
• You must register on the site. Next, you enter the account number or the card number, the money is to be transferred to.

The transaction speed is different. A fast or instant transaction is considered to be within 10-15 minutes; but it may take a few days. By the way, this monitoring provides withdrawing money through exchangers directly from EXMO, avoiding wallets.

How to transfer Bitcoin to a cash card, Visa, MasterCard, and digital wallets

The most common E-wallets are: WebMoney, Qiwi, Perfect Money. You transfer cryptocurrency to e-wallets in the same way as to cold wallets or cards. The differences are whether you need verification at the moment of withdrawing or not, the commission amount and whether an exchange (or exchanger) provides it. The same is with cash cards. On the website of an exchange or exchanger, you select the corresponding option and enter the banking information.

Conclusion. All these methods are quite easy. When you have just learnt about the schemes of the money transfers, you may be confused; but exchanges, exchangers and wallets provide a clear interface, simple, intuitive navigation and instructions for converting. And the general scheme of cryptocurrency withdrawing has been described in the article. But there are still some difficulties, you will sort out after some practice:

1. The more mediators are in the network the higher the risk is to lose your money:

• Before you transfer the cryptocurrency from the Bitcoin wallet, find out, whether it is available in the payment system itself. For example, PayPal often blocks any transactions in cryptocurrencies. At best, the payment won’t be transferred to the card; at worst, the entire account will be blocked.
• Check the reliability of the exchangers, you work with. Scammers often pretend to be exchange services. Investors transfer the money, but they don’t get Fiat for various reasons. It can be the topic of a separate article, how to choose the right exchanger.
• Remember, that crypto exchanges’ accounts can be hacked, or there can be a network failure. And there is nobody to address; there are no courts, regulators or ombudspeople in the cryptocurrency world.

2. The more there are mediators, the more commission fees are. Wallets, exchanges and exchangers work with a certain number of partners. For example, to transfer the money to the card, you may need a chain, like “Exchange- Exchanger A - Exchanger B”. There is often a problem of not how to withdraw Bitcoins from a wallet, but how to do it with minimum risks and costs.

A far more convenient alternative is trading cryptocurrencies in Forex. Brokers usually provide over 12-15 methods to withdraw the money without any side intermediates. Even though, brokers don’t provide withdrawing real cryptocurrency to the wallet, this option is still more reliable and less costly, in terms of commission fees. I suggest you study it in more detail, reading the terms for trading major cryptocurrency pairs on LiteForex website. Crypto exchanges, wallets or Forex: what would you chose for investment?

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

What are some ways to withdraw bitcoins? How to display bitcoins to a card or electronic wallets using the LocalBitcoins website? You will learn about this by reading our article.

Hello gentlemen, traders and cryptoinvestors! In the last article, we looked at the question in detail, how to buy Bitcoin for fiat money. Today we will examine the main ways of withdrawing bitcoins from a wallet and a cryptocurrency exchange, and also consider in detail one of the most popular ways to exchange cryptocurrency using the LocalBitcoins site.

See also rating of cryptocurrency brokers.

Basic Bitcoin Output Methods

Today, there are several current ways to output Bitcoin:

1. Via e-wallets (PayPal, Neteller, Skrill, MoneyGram, Paxum, etc.). This is the easiest and fastest way to transfer bitcoins to a card. But it requires verification of your account, so if you want to remain anonymous, then you should choose another method. There may also be quite large commissions.
2. Through cryptocurrency exchanges (Binance, Poloniex, Coinbase, BitMex, Bittrex). Not all cryptocurrency exchanges support this method, but it is one of the most reliable. Its essence is very simple, you need to transfer your bitcoins from a wallet or another exchange (which does not support this method) to the exchange, and order the withdrawal of bitcoins via a bank transfer. In order to avoid problems with money laundering, you must specify the same bank account from which you replenished your account on the exchange. If you have not done this yet, then replenish the account with a symbolic amount, and then order a withdrawal. Of the minuses: this method is the longest - it takes up to 5 business days to process the request and it is also not anonymous, but it has the lowest commissions.
3. Through peer-to-peer exchange (LocalBitcoins). This method is suitable for those who wish to remain anonymous. One example of peer-to-peer exchange is LocalBitcoins. This is the platform on which sellers and buyers of bitcoins and other cryptocurrency meet. With the help of a convenient service, you can find a buyer and, on favorable terms, it is safe to sell your bitcoins to him.

See there are bitcoin brokers.

How to withdraw bitcoins via LocalBitcoins?

LocalBitcoins is a Finnish company that allows people to buy and sell bitcoins for local currency. Users who want to exchange their bitcoins for local currency advertise on the LocalBitcoins website, where currency rates and the method of payment for buying or selling bitcoins are mentioned. This site was created in 2012 and currently operates in almost all countries of the world. Thus, regardless of the geography in which you are located, you will be able to find buyers who are ready to buy bitcoin from you, and sellers who want to sell it. The most pleasant thing about this platform is that you can choose a payment method for withdrawal or receipt.

The following is a list of various payment methods available on the LocalBitcoins website:

• AdvCash;
• CashU;
• Chase Quickpay;
• Google Wallet;
• Swift (International Translation);
• Moneygram;
• Neteller;
• OKPay;
• Paxum;
• Payeer;
• Payoneer;
• PayPal;
• Payza;
• Perfect Money;
• WebMoney;
• Western Union;
• Zelle;
• Bank transfer;
• Credit cards, etc.

You can also exchange your bitcoins for other large altcoins, such as Ripple, Litecoin and Ethereum.

You can choose the price at which you want to sell your bitcoins. If you want to sell your bitcoins through the LocalBitcoins website, you can create an ad and you will be charged a fee of 1% of the total transaction amount. But if you sell to a buyer who has already indicated the price he would like to pay, you do not need to pay a commission.

The best thing about this platform is the rating system. Like Amazon, buyers and sellers can rate each other and leave feedback. This will help you in choosing reliable buyers and sellers. We encourage you to make deals with those who have 100% good reviews, at least for the first few transactions you make on this site. You can remain anonymous on this platform. However, you can ask for an ID if you want to make a deal with a person for the first time without a rating or feedback.

See also what are Ethereum trading brokers .

Step by step procedure for withdrawing bitcoins through LocalBitcoins.com

Visit the website https://localbitcoins.com. We remind you that some countries have blocked access to the site for their citizens. You can find the official mirrors of the site on the social networks of LocalBitcoins in your region or use a VPN server.

You will need to create your account by clicking 'Register.'

Choose a username and strong password. You will then need to confirm your email address.

After logging in, click 'Sell Bitcoins' at the top of the page.

Enter the amount of money (for example, 1000) you want to receive with the appropriate currency (USD). Then you will need to select the country where you are located to find buyers from your region. In this example, we chose the United States. You can also choose a payment method. If you are not interested in the payment method, we recommend that you select “All online offers” to see the best price at which you can sell bitcoin. After that click 'Search'.

As you can see below, there are many interested Bitcoin buyers in the selected country.

In the screenshot above, we see that the buyer has a 100% good rating and has already traded more than 1000 times on this platform. This means that the buyer is serious and trustworthy.

Double check the number of bitcoins you want to sell. Since in this case the cash payment method is used, please indicate your bank account number and the corresponding data. Then click 'Submit Request.'

The buyer will receive a notification that you are interested in selling your bitcoins. As soon as your sale request is accepted, you will need to send your bitcoins to the LocalBitcoins deposit account. This is an important service provided by this platform. By doing this, the buyer will not receive your bitcoins until they complete the payment. The buyer will contact you to inform that the payment has been completed. Check if the funds are reflected in your bank account, if yes, click 'Payment received'. Then the bitcoins will be transferred to the buyer's bitcoin address. Thus, you can safely withdraw Bitcoin to a card or e-wallet using the LocalBitcoins platform.

See also what are DASH trading brokers.

Conclusions

For the first transactions that you make with this platform, it is best to follow the precautions using the most preferred payment method. But as soon as you gain more experience, you can experiment with various payment methods. So you can sell your bitcoins at a very competitive price by choosing a payment method. You can also customize the ads on this site to choose your own price and payment methods. Even if it costs you 1% commission, it’s worth it for the convenience you get. It is important to use the LocalBitcoins escrow service, and never send your bitcoins to the buyer until payment is received.

How To Withdraw Bitcoin From Bovada

Now you know how to display bitcoins on a card and e-wallets quickly and safely. Good luck investing in cryptocurrency!

How To Withdraw Bitcoin From Coinbase

Read also the article “The best currency pairs on Forex”.