How to withdraw crypto to fiat?

A lot of beginners ask this question when they want to sell their assets and get euros /rubles/ dollars or another crypto. The process is simple, but there are many ways to do it. Let us have a look at some of them.

Telegram Bots

Telegram bots are a convenient and one of the simplest ways to withdraw crypto. Such bots exist for Bitcoin, Ethereum, Dogecoin, BitcoinCash, Litecoin, and DASH. There is no sense in analyzing all of each of them, since the principle of operation is the same. Therefore, we will consider BTC banker only.

For Bitcoin sale you can also use Telegram-bot exchanger. It will help you to go through the entire cycle of the transaction and offer the most favorable rate. To start using it, click on the link (https://telegram.me/BTC_CHANGE_BOT), or search through the telegram search (@BTC_CHANGE_BOT). Subscribe to it and start a dialogue by sending the /start command. Then you need to choose a language convenient for you and confirm your acceptance of the terms of service:

In the next message, the Bot will offer you to choose the currency (you can change it in the “Settings").

 

Fees

The minimum amount of withdrawal is 0.00125 BTC, the fee is 0.00025 BTC.

 

Exchanges

There are plenty of exchanges on the Internet. For example, website bestchange.com  is an aggregator of such services, where you can exchange cryptocurrencies for fiat bilateraly. It provides an opportunity to see reviews, ratings, commissions for each of the exchangers registered in the bestchange system.

 

Local sale (LocalBitcoins/LocalEthereum)

One of the rather simple ways to sell Bitcoin or Ethereum, if you do not trust exchanges, and similar services.

So, you can find an interesting offer to buy on the sites. Or you can create your own offer and put any price and specify any payment orders, which you are convenient to get paid.

Also, we should not forget that LocalBitcoins and LocalEthereum charge withdrawal fee.

 

LocalBitcoins

P2p Bitcoin exchange service. You can sell/buy Bitcoin directly using the service as a guarantor of the security of the transaction. LocalBitcoins is a service that has been existing for a long time. The team takes care of security, and sellers cherish their rating. The interface is intuitive and easy for beginners.

Fees:

 input-0.00015 BTC;

transaction fee — 0.00005 BTC (while transferring to someone else's account).

 

LocalEthereum

LocalEthereum is a complete analog of LocalBitcoins, just for Ethereum. Users from all over the world exchange Ethereum there.

Fees:

no input fee;

0.25% fee for seller;

0.75% for buyer.

 

Exchanges that support fiat

Exchanges are  convenient in usage , but the main downside is that most of them require  to verification to withdraw fiat.

IMPORTANT! Working with any exchanges, you have to understand the risks. Cryptocurrency and fiat, in this case, is stored at the exchange itself. This means that if something happens to the exchange, you will not have access to your own funds. We recommend keeping on the exchange only the part with which you make regular operations, and the rest of the savings keep on your personal wallet.

Exchange EXMO

Exmo is an exchange that has been existing since 2013. Since then, it has been continuously developing in terms of security and speed of work. The greatest advantage is its fast registration and convenient replenishment of the balance on the site.

Fees:

For withdrawals (vary depending on the selected withdrawal method):

in USD from 0 to 7%

in EUR from 1 to 5%

in UAH from 0 to 6%

in RUB from 0 to 3%

 

Wex Exchange

WEX is a young cryptocurrency exchange, with support of fiat  (traditional money).

Fees:

Input:

USD from 5 to 10%

RUR from 4 to 10%

EUR 5 to 10%

No fees for Bitcoin deposit

 

Output:

USD 0 to 4%

RUR from 0 to 4%

EUR from 0 to 3%

 

Livecoin Exchange

Livecoin exists since 2013. It supports for many currency pairs, including fiat. There is no need for verification to start trading, and the transaction fee is only 0.18%.

Fees:

Input:

USD from 5 to 10%

RUR from 4 to 10%

EUR 5 to 10%

No fees for Bitcoin deposit

 

Output:

USD 0 to 4%

RUR from 0 to 4%

EUR from 0 to 3%

 

We have sorted out several ways to withdraw crypto to fiat. We have dealt with fees on different exchanges that support fiat funds. So, the devil is not as black as it is painted.

Stay tuned.

 

 

 

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