How To Withdraw Money From A Blockchain Wallet

How To Withdraw Money From A Blockchain Wallet
How To Withdraw Money From A Blockchain Wallet

Video: How To Withdraw Money From A Blockchain Wallet

Video: How To Withdraw Money From A Blockchain Wallet
Video: How to DEPOSIT or WITHDRAW crypto on Blockchain Wallet | Bitcoin App Tutorial 2024, November
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Digital currency is gaining more and more attention from Internet users, and blockchain technology in particular. But how can you withdraw funds from a blockchain wallet?

How to withdraw money from a blockchain wallet
How to withdraw money from a blockchain wallet

Bitcoin is not an official currency, however, the cryptocurrency ecosystem employees have the ability to convert digital money into fiduciary money. This means that it is possible to withdraw savings from a blockchain wallet to bank or plastic card accounts. And this is done in three ways:

  • through the WebMoney service;
  • through exchangers;
  • through monitoring centers.

To withdraw funds via WebMoney, the user will need a personal, initial, formal passport, as well as a WMX wallet. WMX, as a title unit, is equal to the amount of 0, 001 Bitcoin. And to transfer money from a blockchain wallet, you need:

  • go to the Bitcoin wallet and select the "send money" item;
  • in the menu that opens, you will need to make a request for a transaction, indicating the amount of transfer, the address of the recipient of funds and the amount of commission that the sender is willing to pay;
  • the application must be confirmed and wait until it is included in the next block of the blockchain chain;
  • when the funds come to the WebMoney wallet, you will need to convert them into rubles, and only then withdraw them to your bank card account.

Exchangers are called virtual exchange offices, but they all have different exchange rates, and not every exchanger is safe. One of the most reliable in the field of virtual exchange offices is xchange.cash, and with its help funds are withdrawn as follows:

  • choose the currency they want to sell - Bitcoin;
  • choose the direction of exchange, namely the currency that you want to buy - the ruble;
  • enter the amount to be converted;
  • after that, without fail, indicate the recipient's email address, his payment details (card number, for example) and full name;
  • confirm the transaction by clicking on the "proceed to payment" button.

The xchange.cash commission in most directions is no more than 1%, and the exchange procedure itself takes from 10 to 40 minutes.

The monitoring center is a service that automatically sorts exchangers in order to choose the best offer. As a result, the user is provided with up-to-date information about exchange rates, reserves of exchange offices, as well as directions operating in them.

In addition, the monitoring centers monitor the honesty of the functioning of exchangers, and they themselves have the necessary official documentation for their work. In operation, they are quite simple:

  • on the main page of the monitoring center website, you need to find the columns in which information about the initial currency for conversion and the final one will be displayed;
  • after that, you need to choose a direction and study the list of exchange offices provided by the service;
  • then, taking into account the rate and the reserve, you need to choose the exchanger, go to its website, enter the amount, details and confirm the transaction.

Monitoring centers are very popular among users working on Bitcoin faucets, because they are safe, convenient and provide the most up-to-date information about exchangers' reserves and their rates. And between the exchange offices themselves, the difference is often only in the amount of the commission and the conditions of the transfer.

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