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We recommend it for all those who needed a secure and reliable method to withdraw Bitcoin to bank account. As you may have expected with a secure platform, you need to verify your identity. It also offers low trading fees that range between 0.15 to 0.25%, whereby the fees drop when you make bulk withdrawals.
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Overall, it is a well funded, trusted, and secure exchanged that publishes proof of their audited fund reserves. You can withdrawal Bitcoin from Kraken via international bank transfer, Interac e-Transfer, or SEPA transfer. It supports Bitcoin withdrawals and funding for those in the US, Europe, Japan, Britain, and Canada. Kraken stands out from other Bitcoin exchanges because it is the largest euro-denominated, making it a perfect platform if you have a Euro bank account. We recommend it if you are planning to make bulk withdrawals. However, the rates favor traders than first time users. Overall, you will get exchange rates that are very close to the best market rates. They charge a fee of 0.25%, which drops further to about 0.1% if you make build withdrawals. They are therefore a one-stop shop in case you need to withdraw any of the supported altcoins. You pay fewer fees with more trading volumes. They also support credit card purchases although they charge a high fee that ranges between 5% and 8%. They have been in Bitcoin exchange business for quite a long time, hence their altcoin support. You may use either SEPA if you are in Europe, or wire transfer if you live elsewhere in the world. If you live in Europe or the US, we definitely recommend it as one of the best services for small and Bulk Bitcoin withdrawals.īitstamp is another reliable Bitcoin withdrawal service that allows you to transfer Bitcoins to your bank account. As you would expect with dealing with a large platform such as Coinbase, it has high liquidity limits and offers high buying limits. SEPA’s service takes two days, which is still faster than traditional bank transfer services that take three working days. If you live in Europe, Coinbase allows you to transfer funds to your bank account using SEPA. To speed up the transaction and enjoy instant withdrawals, you need to add either a MasterCard or Visa debit card. For those in the US, you can withdraw your Bitcoins using an ACH transfer, which takes five days. However, their service is restricted to those who have bank accounts in the United States or Europe. One of the world’s largest Bitcoin trading platforms is Coinbase, and it allows you to withdraw your Bitcoin to your bank account. With that in mind, let as look at the top ways that you can use to withdraw Bitcoin to your bank account.
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You only release your Bitcoins when you receive your funds. What is more is that if you do the transaction on platforms such as, the platform acts as an escrow.
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At least that is what happens in most peer-to-peer transactions.
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All you need to do is find a service that is willing to buy your Bitcoins and in a matter of minutes. Unlike Fiat money, Bitcoin is actually much easy to withdraw, and you may not have to wait for days to receive your funds. Did you know that you can Withdraw Bitcoin to Bank Account at almost zero charges? Yes, you heard it right.
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