How to Withdraw Money from Crypto?

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Sell bitocin in Binance

Before investing in Crypto or wanting to withdraw real-time funds from your Bitcoin, you must know how you can do so. After all, Bitcoins are just an investment option, and it’s money that will forever have its value. Unlike cash, which has several restrictions like centralization, even its value changes from motion to nation. Some accept GBP while others do not. 

How to Withdraw Money from Crypto.com?

how to withdraw money from crypto.com

When you want to exchange your cryptocurrency with real-time money, you can use Crypto.com. You can withdraw your minimum 1K daily profit as cash by implementing the following tools on Crypto: The below guide will help you to Fetch money from your Bitcoins

  • Download Crypto.com if you do not have it.
  • Suppose you have then opened the Crypto com app.
  • Now, you have to link your bank account to Crypto.com.
  • Once you are done with it, you will see a Transfer button below your Crypto Account Balance.
  • Press on Transfer. Now, you’ll get two pop-up options on your screen as Deposit and Withdraw. Tap on Withdraw.
  • Further, you will get two options Crypto and Fiat. The fiat option gives you a short sentence Withdraw Fiat directly to your Bank Account. Tap the Fiat option having the same information. Now, you need to decide and choose the currency that you require.
  • You can now enter the amount of money that you want to extract. Now tap on Withdraw.
  • Further, you will get a confirmation screen showing the amount withdrawn.
  • You can also see the estimated fees, recipient, processing time, and drawn amount.

However, there are some limitations regarding the money you can withdraw monthly from Crypto may for your new business or monthly expenses. Like, you can withdraw up to $50,000. Moreover, the amount withdrawn cannot be less than $100. If you still try to withdraw a lesser amount, you’ll be notified by a warning.

Besides these methods, you can also sell your Bitcoins in GBP (British Pounds) through several other platforms. Let’s learn how!

How to Sell Bitcoins in Exchange of British Pounds on Binance?

Sell bitcoin in Binance

Binance is one of the finest apps to make money. Binance is another renowned platform meant for Crypto exchange in the UK. You can sell Bitcoins for GBP by using the Binance platform.

  • Sign up on Binance.com if you have done it earlier, then Sign in.
  • Proceed to complete the KYC process.
  • Enter your Bitcoin address and deposit your Bitcoins.
  • You will get confirmation that your deposit has been confirmed.
  • Now, explore the dashboard and select Markets. Search for BTC/GBP pair and then choose Fiat Markets. Choose the BTC/GBP pair, then change your Order type to Market.
  • Now, enter the Bitcoin amount that you wish to sell.
  • Your GBP will add to your wallet. Navigate to Wallet. Select Fiat and Spot. Further, you have to choose a GBP wallet, and then you can withdraw.

Binance is a trustworthy platform and has rare chances of any risk. However, you cannot perform card withdrawal if you’re from the UK. Moreover, if you’re inexperienced in cryptocurrency and new to the platform, you might face issues using it.

How to Exchange Cryptocurrency for GBP by using Coinbase?

Coinbase is one of the older yet reliable platforms to exchange your BTC for GBP. The basic process involves depositing BTC from your bank account, and then you can transfer GBP to the same bank account. But how to do it? Below steps will help you:

  • Sign up for the Coinbase platform.
  • Verify yourself as per their procedure.
  • Navigate to Settings and choose Payment Methods from the list.
  • Link your bank account to it. Navigate to Portfolio.
  • On the Coinbase GBP wallet, you will see a Deposit button.
  • Click on Deposit. Now, perform a bank transfer using your Coinbase account. Again Navigate to Portfolio and then select deposit on your Bitcoin.
  • Directly transfer your finances to the Bitcoin address, then wait until confirmation.
  • Now, navigate to Coinbase’s Buy/Sell Digital Currency Page.
  • Now, fill in the value of Bitcoin that you want to sell. From the options given, select GBP as your currency.
  • Confirm your transaction, and GBP will transfer to your wallet. Again open your GBP wallet, and initiate a withdrawal to your bank account.
  • You also have some Fiat Withdrawal options like Bank Cards, PayPal, etc.

Coinbase is one of the easiest platforms that you can use. Even if you’re a first-time user, you won’t face any difficulties using it. It suffers a downfall only if the Cryptocurrency market undergoes some drastic transformation. Besides, Bank Transfer offers you several other withdrawal methods. If you thought your crypto business is in trouble, it also provides an insurance program to protect your funds on the platform.

Moreover, there are no security issues with the platforms. However, its service charges are a bit higher. Coinbase platform’s users have even reported a lower response time. Moreover, your transaction history is often shared with tax authorities, a fact that many of you might not prefer.

How to Withdraw Cash From Coinmama?

Coinmama is a platform to buy, sell, or exchange your cryptocurrency amongst other users. However, you cannot store your coin on this platform, and that’s the only limitation. You can even sell Bitcoins in exchange for GBP over the platform. Let’s learn how to extract GBP:

  • Create your Coinmama account.
  • Complete your verification process to be fully ready to carry on your tasks.
  • Fill in the Bitcoin amount that you want to sell.
  • Further, select the Sell to Bank Account option.
  • Now, you’ll find an option to confirm your order once you confirm your order details by inputting your bank account information.
  • Now, you’ve to transfer your BTC to the address that is generated by the platform. Once your payment is confirmed, GBP will be credited to your account. You get Fiat Withdrawal options like Bank Transfer or Debit card options.

Coinmama is a secure platform. It offers you an easy exchange service. You can perform instant transactions using the platforms Coinmama does not provide the facility of Live Chats. However, it has a quicker response time. Its service charges are about 3$. However, you cannot store your BTC.

Besides Coinmama, you can also use several other platforms like CEX.io, EXMO, Bitcourier, and much more. However, a majority of the users prefer Crypto.com. It is all because it offers complete transparency in the taxes it charges. Moreover, there are no hidden charges. It also provides several withdrawal methods for you to choose from.

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