Cryptocurrency has riveted the interest of millions of people who are inventing ever new methods for its extraction. Even bans adopted at the state level are not able to affect the popularity of this type of digital currency. Among our compatriots there are a lot of people who have invested tremendous funds to build the so-called industrial farms, offering to rent capacities for earning, for example, bitcoin (MTC). There are also solo miners using the potential of modern video cards for mining PTS at home. No matter how you get cryptocurrencies, the question will always be relevant: "How to withdraw money from the Blockchain Bitcoin wallet?". We will try to answer it briefly and clearly in our article.
How to withdraw money from a bitcoin wallet: existing methods
If you are a holder of, for example, bitcoin, then you simply must know that at the moment there is no way how to transfer cryptocurrency directly to a bank account. The system in which new cryptocurrencies are generated provides for the possibility of exclusively internal transactions. In simple words, you can transfer bitcoins from one Blockchain to another. In order to convert digital currency into fiat money, users are forced to involve third parties in the currency transaction. At the moment, there are three reliable ways to withdraw money from a Bitcoin wallet:
- direct sale of cryptocurrency;
- exchange using special services;
- exchange or sale on the exchange.
The most profitable is the sale of bitcoins without the involvement of intermediaries. However, it’s very difficult to find a buyer who can inspire confidence in you. Since today over 265 thousand rubles are offered for one military-technical cooperation, there is absolutely no desire to take risks, especially since fraudulent networks are located everywhere. Therefore, most professional miners go with their coins to the exchange, where you can sell the MTC at the best price, and also get a guarantee of transaction transparency. Let's look at each way how to withdraw money from a Bitcoin wallet, in more detail.
Direct sale
This method is very attractive for exchanging cryptocurrency for fiat money, since none of the parties pays a commission, which allows you to save some money. However, there is a huge risk that you will become a victim of scammers who are actively coming up with new schemes with which you can deceive the gullible holder of bitcoins.
The essence of this method is that you and the potential buyer must determine in advance the rate, the number of cryptocurrencies sold, as well as exchange details. After you send bitcoins to his account, he must pay them by transferring to you a virtual wallet, for example, Payeer, the agreed amount.
Important!
No one will give you a guarantee that this person will not disappear in an unknown direction after receiving digital money. Therefore, we recommend performing such operations only with people whom you personally know and are confident in their solvency.
Stock exchange
According to most professional miners, this method of withdrawing money from a Bitcoin wallet to Qiwi and other electronic payment systems is the most optimal in terms of the ratio of commission costs and transaction security. By registering on the exchange platform, you will have access to an internal cryptocurrency account. You can place an order at any time and put up the necessary number of MTC for sale, setting the optimal exchange rate, and also choose the currency in which your cryptocurrency will be sold, for example, dollar, euro or rubles. Then we press the “Sell” button and go about our business. As soon as there is a person who wants to purchase your crypto coins, the system will do everything for you and automatically transfer all the money received from the auction to the account indicated in the profile. Among the huge number of such exchanges, the most popular services are:
- Coinbase
- Kraken.
- Military-technical cooperation.
Exchange through a special service
Using online exchangers is the fastest way to withdraw money from a Bitcoin wallet to a card. As soon as the cryptocurrency began to grow in price, such resources significantly increased on the Internet, however, the monitoring site BestChange is considered the most reliable. This is a kind of exchange that provides its own platform for transactions with many online exchangers. Here you can find not only the most attractive rate at which your bitcoins will be bought, but also see the reputation of a particular resource.
Each of the exchangers also offers its own conditions, which must be paid attention to. Some transactions are carried out in manual mode, which significantly slows down the receipt of money, and there are those that carry out checks in automatic mode and transfer funds within five minutes. Here you will definitely find the opportunity to withdraw money from a bitcoin wallet to a card of any bank, as well as to any popular electronic payment system, for example, Qiwi, Yandex. Money ”or WebMoney.