Withdraw Crypto To Bank Account

Posted By admin On 27/07/22
Withdraw Crypto To Bank Account Rating: 5,0/5 3361 reviews

Crypto Earn Fixed Term Deposits Auto Transfer to Crypto Wallet Upon Maturity

In order to withdraw cryptocurrencies from your Blockchain Exchange account, please navigate to your Total Account Value window and select Withdraw. Select one of our supported cryptocurrencies from the drop-down menu to bring up your withdrawal window, as an example we have selected Bitcoin. To begin the transfer of Cryptocurrencies, log into your Coinbase account and click on 'Withdrawal'. Enter the desired amount you wish to withdraw and move onto first step below.

<Hong Kong, November 28, 2019> Today, Crypto.com announces a new method for users to withdraw from Crypto.com Fiat Wallet, supporting up to 21 fiat currencies.* Users now have the option to sell cryptocurrencies** to fiat and withdraw fiat to their personal bank account. The addition of multi-currencies fiat withdrawal via international bank transfer is a frequently requested feature that further strengthens the utility of Crypto.com platform.

To start selling cryptocurrencies to fiat, users need to set up the corresponding fiat currency wallet first in order to see the option in the sell crypto drawer. To activate fiat withdrawal, users are required to deposit the corresponding fiat currency via international bank transfer to Crypto.com once before Crypto.com can transfer funds to the same bank account.

Fees: Crypto.com does not charge any fee for the fiat withdrawal, yet fees may be imposed by the receiving bank and intermediary bank(s). The estimated fees vary by the location of the recipient bank account and will be calculated and deducted from your withdrawal amount when you submit the withdrawal request.

Supported currencies: AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, USD, ZAR

Click here to learn more about the step-by-step withdrawal flow and other details.

Withdraw Crypto To Bank Account

Crypto EarnFixed Term Deposits Auto Transfer to Crypto Wallet Upon Maturity

Please note that we are updating the Crypto Earn T&Cs, which will take effect on 29 November 2019, 09:00 UTC. Upon maturity of the fixed term deposits placed in Crypto Earn, the principal will be transferred automatically to the respective crypto wallet in the Crypto.com App.

*Please note that only users who are geographically based within our service partner’s permitted jurisdiction will see up to 21 currencies fiat deposit and withdrawal option via international bank transfer. This requires app version iOS 3.42/ Android 3.42 or higher.

**This service will be available for all supported tokens with the exception of trade-only coins.

Coinbase is a popular cryptocurrency exchange. Coinbase is based in the U.S but supports Australian customers.

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In Australia you can buy Bitcoin and other cryptos from Coinbase but unfortunately you can't sell. There are better Coinbase alternatives, but for those using Coinbase, here is how you can withdraw from Coinbase in Australia.

How to Withdraw from Coinbase

Withdraw

In order to cashout your crypto from Coinbase you need to transfer it to a local crypto exchange. I use CoinSpot, simply because the fee is smaller compared to other exchanges.

1 – Create a CoinSpot Account

You can signup to CoinSpot here. You will need to complete ID verification (similar to what you did on Coinbase) in order to withdraw your AUD to your bank account.

2 – Transfer your Coins

Visit the Wallet page and select the wallet of the coin you are looking to transfer. Then click on the Receive button. This will generate a unique wallet address that you can send your coins too. Depending on the coin you are sending, it will take anywhere from 5 minutes to 2+ hours to transfer. The coins are added automatically to your wallet, you just need to wait for the transaction to happen.

Top Tip – While you can't sell crypto on Coinbase in Australia, it is possible to convert it into another crypto. I would recommend converting it into a crypto which you can send with low fees (such as litecoin). This will make it faster to send over to CoinSpot.

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3 – Sell your Crypto

The best way to sell your crypto is on the “Markets” page. This lets you create an order to sell and is cheaper than instant selling. Enter the price you want to sell your crypto for and the amount you want to sell. You might have to wait a little while for your order to fill. You can sell instantly on CoinSpot as well.

4 – Transfer your AUD

Withdraw Crypto To Bank Account Binance

Once you've sold your crypto on CoinSpot, you can withdraw the AUD to your bank account. This process usually takes around 24 hours. I've found that if you make a withdrawal in the morning on CoinSpot, you will receive it in your bank account by the next morning (business days only).

Binance Withdraw To Bank Account

So as you can see Withdrawing from Coinbase takes a few steps. Hopefully they will add sells for Australian customers sometime soon. If you're thinking of buying Crypto in Australia, I would just recommend using Coinspot or another local exchange to begin with and then you won't need to worry about transferring between exchanges. You'll also save a lot of money on fees and you'll be able to deposit using POLi and PayID.