Easiest Way To Withdraw Bitcoin

Easiest Way To Withdraw Bitcoin Rating: 3,2/5 1022 reviews
  • Do you HODL bitcoins?
  • Are you looking to cash out your bitcoins?
  1. What's the best and easiest way to withdraw money from Binance through Bitbuy? Hello guys, I have some of bitcoin, ethereum, ripple at Binance account and would like to transfer to Bitbuy for cash out. I have done with bitcoin sending to Coinbase and then to Paypal, but it.
  2. Tip 2 – Buy Cryptocurrency In Your ROTH IRA The easiest way to avoid paying tax on Bitcoin is to purchase your Individual Retirement Account (IRA). Traditional IRA’s allow investors to defer tax on gains until you start to take distributions. However, if you are eligible for.

The single best way to cash out large amounts of Bitcoin is through something called an OTC (over-the-counter) transaction. An OTC transaction occurs when a private buyer and private seller are linked together by an intermediary to facilitate the swap.

Well, if these questions resonate with you, then you are in the right place.

I believe some of you want to sell their bitcoins because of one of these reasons:

  • You have now lost interest in Bitcoin.
  • Or you think you have made enough returns out of your Bitcoin investment.

In any case, you just want to convert your BTC into cash either to realize profits or free up your stuck capital.

However, whatever your reason might be, I understand your stand as one might sometime feel the need for extra capital or would like to realize profits.

That’s why I think it is important to talk about the questions that come up while converting BTC into cash so that you don’t hit a road:

  • How to get USD, EUR or GBP for Bitcoin?
  • Where to cash out Bitcoin?
  • Where to convert Bitcoin into fiat like USD, EUR, GBP, etc?
  • How To Withdraw Bitcoins To Cash?

Bitcoin To Cash: How & Where To Convert Bitcoin Into Cash USD, EUR, GBP

So some of the exchanges that allow you to do so are:

Convert Bitcoin To Cash ServicesUSPs
Coinbase[10$ Bonus on 100$ above transaction]
CEX
All Countries & almost all fiat pairs supported including South Africa & Nigeria
Paxful
To sell BTC in-person & receive cash in any fiat currency
Coinmama
Bitit
European Countries & almost all fiat pairs supported
WazirX(India Only)Convert BTC to INR

These exchanges will help you cover most of Europe, the US, and the UK. Cashing out Bitcoin isn’t easy at it looks but for you we have found out some of the best ways through which you can convert your bitcoins into cash.

But before we get into the specifics of that, you need to decide how do you want your cash?

Do you want it in your bank account or you want the hard cash by meeting someone in person.

Or do you want to have other stuff in exchange for your bitcoins like gift cards or Amazon products from Purse.io?

For now, assuming that you want the cash in your hand or your bank account, let’s get started:

How & Where To Exchange Bitcoin For (or to) Real Cash Money Like US Dollars (USD), Pound Sterling (GBP), Euro (EUR), etc?

#1. Convert Bitcoin Into Cash Through A Fiat Supporting Exchange

It is highly likely that if you don’t have Bitcoin ATMs near you, you will be having fiat accepting Bitcoin exchanges in your country.

Using these exchanges, you can easily convert your bitcoins into cash like USD, EUR, or GBP. Of course, for this, you will be required to find such an exchange that deals in fiat and cryptocurrencies both.

You will also need to complete your KYC on such exchanges before you can exchange BTC to cash because fiat currency laws in most countries want exchanges to adhere to this policy.

Of course, I understand that I have not listed all the countries here but in reality, not all countries have such fiat linked cryptocurrency exchanges.

So for residents of those countries, I will be listing another method through which they can meet Bitcoin buyers/sellers in their country to cash out their bitcoins.

#2. Meet & Trade In-Person To Get Cash Through LocalBitcoins

For those BTC holders who have neither crypto exchanges nor Bitcoin ATMs in their country can exchange BTC for cash through LocalBitcoins.

LocalBitcoins is a peer to peer Bitcoin exchange service based out of Finland. LocalBitcoins is an escrowed service that has garnered quite a bit reputation since 2012 as the most liquid P2P Bitcoin exchange.

On LocalBitcoins you will a no-ground network of Bitcoin buyers and sellers in 16537 cities and 248 countries including your country too.

It gets better:

Through LocalBitcoins, you can meet the buyers and sellers in-person to negotiate and execute a Bitcoin trade. Moreover, when you are cashing out BTC you have a lot many options to receive your cash ( SEPA Transfer, bank deposit, PayPal, Payoneer, cash).

Getting started with LocalBitcoins is also easy as it only takes your email ID to begin with. After which you can explore the simple and intuitive UI of LocalBitcoins to filter out relevant buy/sell deals for yourself.

Note: Be sure to check the reputation of the buyer/seller before you decide to pick up a deal on LocalBitcoins and never release your bitcoins without confirming your payment receipt.

And just when I am completing this, I am realizing that there might be another category of Bitcoiners who would be thinking to cash out Bitcoin to short it and buy back when the price is lower.

For those kinds of Bitcoin users converting Bitcoin into cash might not be the ideal thing and that’s why such types of users prefer converting Bitcoin to USDT like stablecoins.

And hence I am sharing a bonus method just to do the same.

#3. Convert Bitcoin To USDT or Stablecoin like TUSD etc

Anyone who wants to cash Bitcoin and not get into KYC like things can do so by cashing out in fiat digital currencies, i.e., Stablecoins like USDT, TUSD, etc.

Here are some of the popular exchanges that will let your convert BTC to USDT or similar stablecoins:

  • Binance: Supported pairs are BTC/USDT, TUSD/BTC
  • BitBay: Supported pairs are XMR/BTC
  • Huobi: Supported pairs are BTC/USDT
  • Gate.io: Supported pairs are BTC/USDT

This method will reduce your headache of dealing with KYC and other banking problems which you might run into when trying to cash out your bitcoins through fiat linked crypto exchanges.

*****4. Bonus: Cashout Bitcoins Through A Bitcoin ATM

One of the easiest ways to convert Bitcoin to cash is through Bitcoin ATMs.

For those of you who don’t know about Bitcoin ATMs, here is a simple explanation of it:

Bitcoin ATMs are much like traditional exchanges from where you can either get cash for Bitcoin, or you can get Bitcoin for cash. This method is usually anonymous and requires you to have a Bitcoin wallet in case you are receiving Bitcoin or selling it.

A Bitcoin ATM asks you to scan its public address, and when you have transferred BTCs to that address, it splits out equivalent fiat.

For this, you first need to make sure that you have a Bitcoin ATM nearby and that you can do it through the Coin ATM Radar service.

Using Coin ATM Radar, you can find out nearby Bitcoin ATMs and check its exchange rates as well as transaction fees. For example, this Bitcoin ATM in Chicoutimi at Place du Royaume has these specs:

  • ATM Type: Genesis Coin
  • Direction: Fiat ⇄ Crypto
  • Fees: Buy 13.0%, Sell 16.9% from BitcoinAverage Fees updated: 12 minutes ago.
  • Limits: Buy: $10000/txn, Sell: $2900/txn

So this is how you can get fiat for Bitcoin through a Bitcoin ATM.

But just after writing this, I realized that not everyone would be able to find Bitcoin ATMs nearby.

That’s because there are only a few Bitcoin ATMs around the world as of now and that brings me to my next section which is a much easier way to convert BTC to fiat if you don’t have ATMs nearby you.

Conclusion: How To Convert Bitcoins to cash

These are some of the best methods that you can use to cash out your bitcoins for fiat currencies like USD, EUR, CNY, or GBP.

However, I understand that many countries are still left untouched by the methods I have listed above and to name a few such as Australia, Zimbabwe, Argentina, etc.

For these countries and other left-out countries, TheMoneyMongers plans to bring a comprehensive list of resources using which they will be able to buy/sell Bitcoin in their respective countries.

We intend to start first with first and second world countries such as listed below. After which we will finally make our way for third world countries, who actually need Bitcoin the most.

  • The USA
  • India
  • Europe
  • Australia
  • China
  • Japan

So untill we do so, I want to leave you with answers of few frequently asked questions (FAQs) to help you relax in order to exchange your bitcoins to cash:

Q1) Can You Exchange Bitcoin for US Dollars (USD), Pound Sterling (GBP), Euro (EUR), CAD, etc?

Yes, you can very well exchange Bitcoin for various fiat currencies like USD, GBP, or EUR. There are more fiat currencies to which you can convert according to the country where you are residing.

Q2) How To Convert Bitcoins To Cash Anonymously?

This part is a bit tricky as there aren’t many services that you can use to convert BTC to cash anonymously. But you can definitely try LocalBitcoins with an alias name and identity to meet someone in person to exchange BTC to cash

So that’s all from our side in this round-up and I hope you liked this? If you did !! Do share it with your friends on social media who want to buy or sell Bitcoin !!

Note: Better than selling and cashing out your bitcoins, you can always take Bitcoin loans on your BTC holdings. Here is how you do that !!

Also, If you need some direction, feel free to contact us at @themoneymongers.

Contents

  • Bitcoin To Cash: How & Where To Convert Bitcoin Into Cash USD, EUR, GBP
    • Conclusion: How To Convert Bitcoins to cash

Current Top Broker Deals:

On this page you find a list of the best Bitcoin trading sites offering unlimited withdrawals. While many brokers have daily or monthly cashout limits, others dont set any restrictions. If you are a high volume trader, check out the following brokers which let you withdraw as much as you want at any time:

Tip for trading beginners: If you need to refine your trading skills in order to become profitable, you can give a professional trade group a try. We've recently tested Bitcoin Trade Group and were quite surprised by the quality of their service. Their members accounts grow by about 20% per month (on average) and people really seem to appreciate what they get from the group. Read our review here.

Products
Fees
max. Leverage
high leverage & volume
8888
Products:
  • Bitcoin, Altcoin Derivatives
  • Margin Trading
  • Bitcoin Futures
Deposit:
  • BTC
  • $1 minimum
Fees: Maker -0.025% Taker 0.075% Pro:
  • High leverage
  • Highest liquidity
  • Market leader
Best way to withdraw bitcoin canadaContra:
  • Not beginner-friendly
  • Not for US traders
max. Leverage:100x
Read our Review
high leverage & volume
8686
Products:
  • Bitcoin, Altcoin Derivatives
  • Margin Trading
Deposit:
  • BTC
  • 0.001 BTC
Fees: 0.05% Trading Fees Pro:
  • No KYC
  • Great customer support
Contra:
  • Not for US traders
max. Leverage:100x
Read our Review
Very high leverage
8686
Products:
  • Bitcoin, Altcoin Derivatives
  • Margin Trading
Deposit:
  • BTC
  • USDT
  • no minimum
Fees: Maker -0.025% Taker 0.075% Pro:
  • No KYC
  • Free demo account
Contra:
  • Unknown CEO
  • Not for US traders
max. Leverage:200x
Read our Review
Various trading products
9292
Products:
  • Bitcoin, Altcoin Derivatives
  • Margin Trading
  • Futures
  • Options
  • Crypto Spot Market Exchanges
Deposit:
  • BTC
  • Altcoins
  • Fiat Money
  • no minimum
Fees: Taker fees 0.04 - 0.07% 0.02% trading fees for leverage from 50x Pro:
  • Wide range of trading products
  • FTX pays network withdrawal fees
  • Ideal for altcoin short trades
Contra:
  • No demo account
  • Complicated instruments
max. Leverage:101x
Read our Review
Comprehensive services
8888
Products:Easiest
  • Bitcoin, Altcoin Purchase
  • Margin Trading
  • P2P exchange
  • Bitcoin Futures
  • Crypto Spot Market Exchanges
Deposit:
  • BTC
  • Altcoins
  • Fiat Money
  • no minimum
Fees: 0.10% Trading Fees Pro:
  • High Security
  • Many altcoins
  • BTC Futures
Contra:
  • Occasional outages
  • Relatively low volume
max. Leverage:10x
Read our Review
Promising Newcomer
8888
Products:
  • Bitcoin, Altcoin Derivatives
  • Margin Trading
Deposit:
  • BTC
  • no minimum
Fees: Maker -0.025% Taker 0.075% Pro:
  • No KYC
  • Advanced orders
Contra:
  • Not for US traders
  • Limited order types
max. Leverage:100x
Read our Review
high leverage & anonymity
8686
Products:
  • Bitcoin, Altcoin Derivatives
  • Margin Trading
Deposit:
  • BTC, USDT
  • 0.0001 BTC minimum
Fees: 0.00 - 0.2% Trading Fees Pro:
  • High leverage
  • Simple trading interface
  • Major altcoins tradable
Contra:
  • Not for US traders
Best way to withdraw bitcoinmax. Leverage:100x
Read our Review
No Fees in Spread Mode
8888
Products:
  • Bitcoin, Altcoin Derivatives
  • Margin Trading
Deposit:
  • BTC
Fees: 0.075% for opening & closing positions OR Spread for choice Rollover interest fees Pro:
  • Fee or Spread Mode
  • Demo Mode
  • Simple trading interface

Ways To Get Free Bitcoins

Contra:
  • US traders excluded
  • Few order settings
max. Leverage:100x
Read our Review
many payment options
8282
Products:
  • Cryptocurrency Spot Market Exchange
Deposit:
  • BTC
  • Altcoins
  • Fiat Money
  • 20 $ € minimum
Fees: 0.1% - 0.2% Trading Fees Certain transfer fees Pro:
  • Top security
  • Unlimited withdrawals
  • High volume
Contra:
  • Relatively high fees
  • Slow support
max. Leverage:none Easiest Way To Withdraw Bitcoin
Read our Review
Verification just optional
7878
Products:
  • Bitcoin Futures
  • Derivatives
Deposit:
  • BTC
  • 0.001 BTC
Fees: Maker 0.025% Taker 0.075% Certain withdrawal fees Pro:
  • Anonymous
  • European Vanilla options
  • Fast trading
Contra:
  • Bitcoin-only
  • Liquidity issues
  • No Android app
max. Leverage:100x
Read our Review
high liquidity
9090
Products:
  • Bitcoin, Altcoins
  • Margin Trading
  • Bitcoin Futures
Deposit:
  • BTC
  • Altcoins
  • USD
  • no minimum
Fees: 0.1% - 0.2% Trading Fees depending on trading volume Transfer fees may occur Pro:
  • High liquidity
  • Advanced order types
  • High withdrawal limit
Contra:
  • Leverage not yet for USA
  • No more Futures
max. Leverage:5x (not yet for USA)
Read our Review
crypto purchase with fiat
8282
Products:
  • Cryptocurrency Spot Market Exchange
  • Margin trading
Deposit:
  • YEN, USD, EUR
  • 0.001 BTC minimum for margin trades
Fees: 0.1% - 0.2% Trading Fees Certain transfer fees Pro:
  • High liquidity Bitcoin exchange
  • 6 Altcoins supported
Contra:
  • Phone support only in Japanese
  • Sketchy FAQ
max. Leverage:4x
Read our Review
high liquidity
7878
Products:
  • Bitcoin, Altcoin
  • Spot Market Exchanges
Deposit:
  • BTC
  • Altcoins
  • Fiat Money
  • No minimum
Fees: 1% trading fee Certain withdrawal fees Pro:
  • Good liquidity
  • High volume
  • Competitive fees
Contra:
  • No margin trading
  • Bad for privacy lovers
  • Weak support
max. Leverage:none
Read our Review

Trade Bitcoin And Withdraw As Much As You Want!

Not all brokers offer unlimited payout amounts at once – but fortunately some highly professional ones do. If you intend to trade with big positions and want to withdraw high gains without limitations, then these brokers are the right place for your trading activity.

Big Serious Brokers Are Able To Offer Unlimited Withdrawals

It's your money you are trading with and when you generate profits you simply want to be able to cashout YOUR money. You don't care why some brokers can't or don't want to handle unlimited withdrawals for their customers at any time. So forget about those who would only give you a few thousend Dollars a day. Because then you would have to withdraw small amounts again and again untill you finally have all your money, which is really an impertinence. Just directly trade with those brokers who give you what is yours - at any time and all at once.

Check out the withdrawal fees in advance, as this is a point where services can differ a lot. This might be either a percentage or a fixed price, which of course means a big difference.

Easy Way To Buy Bitcoin

Cryptocurrency fees always arise when you transfer coins, as they go to the miners and have nothing to do with your broker.

Here are the withdrawal fees of the brokers listed above:

Cex.io:

USD Withdrawal:

  • Visa: $3.80
  • Master Card: 1.2% + $ 3.80
  • Bank trasnfer: $50
  • Crypto capital: 1%

Withdraw Bitcoin Cash

EUR Withdrawal:

Easiest Way To Withdraw Bitcoin
  • Visa: €3.50
  • Master Card: 1.2% + €3.50
  • Bank trasnfer: €25
  • Crypto capital: €0
  • SEPA: €10

Easiest Way To Withdraw Bitcoin Money

RUB Withdrawal:

  • Visa: 2.5% + ₽ 30.00
  • Master Card: 2.5% + ₽ 30.00

GBP Withdrawal:

  • Visa: £ 2.90
  • Master Card: 1.2% + £ 2.90
  • Bank trasnfer: £ 30.00
  • Crypto capital: £ 0

OkCoin:

  • USD Withdrawal: Bank transfer / Wire: 0.1% (Bank transfer fees are not included), mininum fee $15
  • BTC and LTC Withdrawal: 0%

Coinbase:

Generally none, but there might be variable fees depending on withdrawal method and country. Coinbase notifies customers indivudially.
Read more.

FXOpen:

Withdrawal Fees depending on the currency of transfer:

Easiest Way To Withdraw Bitcoin

Bank wire transfer withdrawals:

  • 45 USD, 1500 RUB
  • 30 EUR, 25 GBP
  • 30 CHF, 30 AUD
  • 3000 JPY

OkPay:
0.5 %

Webmoney:

  • USD 0.8% (max $50)
  • EUR 0.8% (max €50)
  • RUR 0.8% (max 1500 RUB)

Skrill:
1% (max 0.68$)

How To Withdraw Bitcoin

Crypto:

  • Bitcoin: 0.001 BTC
  • Litecoin: 0.01 LTC
  • Namecoin: 0.1 NMC
  • Ethereum: 0.01 ETC
  • Tether: Available in personal user account