- How to Convert your Steam Wallet into real money (Paypal/Bitcoin) Posted on 11 June, 2017 In this guide we’ll talk about how you can withdraw your Steam wallet money from Steam into your pocket, there is no feature in Steam that let’s you do that but that doesn’t mean you can’t get real money from your Steam funds, in this guide we’ll.
- #3 Trade Bitcoins – Arbitrage. Another way to earn free Bitcoins is by trading. There are two methods in trading, the first way if you want to earn money is via arbitrate. This is the safest way to earn from trading. This is the simultaneous buying and selling of assets to take advantage of differing prices.
- Two main ways to make money: There are two ways to make money with crypto. The first is by maximising how much of the currency you end up with. For example, you spend $8,000 on a miner and in 12 months it mines $20,000 worth of your chosen cryptocurrency. Minus the $8,000 in costs, you net $12,000 or 1.5x your initial investment.
Once you’ve converted an altcoin like OMG into a more popular cryptocurrency like Bitcoin (or maybe you already had a crypto like BTC to begin with), it’s time to convert that Bitcoin into USD. Cryptocurrency Exchanges. Cryptocurrency exchanges are currently the easiest way to convert cryptocurrency to USD. After depositing, simply convert the money on your crypto wallet to Bitcoin. Bitcoins are often held in mobile wallets so that they can be converted to pesos (fiat money/cash) when necessary. In 2016, Bitcoin started the year at $1,000 to 1 Bitcoin. By December 2017, the value is near $20,000 to 1 Bitcoin. That’s around ₱1 Million.
Did you know that you can Withdraw Bitcoin to Bank Account at almost zero charges? Yes, you heard it right. Unlike Fiat money, Bitcoin is actually much easy to withdraw, and you may not have to wait for days to receive your funds. All you need to do is find a service that is willing to buy your Bitcoins and in a matter of minutes. At least that is what happens in most peer-to-peer transactions.
What is more is that if you do the transaction on platforms such as localbitcoins.com, the platform acts as an escrow. You only release your Bitcoins when you receive your funds. With that in mind, let as look at the top ways that you can use to withdraw Bitcoin to your bank account.
One of the world’s largest Bitcoin trading platforms is Coinbase, and it allows you to withdraw your Bitcoin to your bank account. However, their service is restricted to those who have bank accounts in the United States or Europe. For those in the US, you can withdraw your Bitcoins using an ACH transfer, which takes five days. To speed up the transaction and enjoy instant withdrawals, you need to add either a MasterCard or Visa debit card.
If you live in Europe, Coinbase allows you to transfer funds to your bank account using SEPA. SEPA’s service takes two days, which is still faster than traditional bank transfer services that take three working days. As you would expect with dealing with a large platform such as Coinbase, it has high liquidity limits and offers high buying limits. If you live in Europe or the US, we definitely recommend it as one of the best services for small and Bulk Bitcoin withdrawals.
Bitstamp is another reliable Bitcoin withdrawal service that allows you to transfer Bitcoins to your bank account. You may use either SEPA if you are in Europe, or wire transfer if you live elsewhere in the world. They have been in Bitcoin exchange business for quite a long time, hence their altcoin support. They also support credit card purchases although they charge a high fee that ranges between 5% and 8%. You pay fewer fees with more trading volumes.
They are therefore a one-stop shop in case you need to withdraw any of the supported altcoins. They charge a fee of 0.25%, which drops further to about 0.1% if you make build withdrawals. Overall, you will get exchange rates that are very close to the best market rates. However, the rates favor traders than first time users. We recommend it if you are planning to make bulk withdrawals.
Convert Cash To Bitcoin
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. It supports Bitcoin withdrawals and funding for those in the US, Europe, Japan, Britain, and Canada. You can withdrawal Bitcoin from Kraken via international bank transfer, Interac e-Transfer, or SEPA transfer.
Overall, it is a well funded, trusted, and secure exchanged that publishes proof of their audited fund reserves. It also offers low trading fees that range between 0.15 to 0.25%, whereby the fees drop when you make bulk withdrawals. As you may have expected with a secure platform, you need to verify your identity. We recommend it for all those who needed a secure and reliable method to withdraw Bitcoin to bank account.
If you live in the UK or Europe, you should consider making a bank withdrawal of your Bitcoins using CoinCorner. It is based in the Isle of Man, and it support Bitcoin to bank withdrawal. The supported methods are GBP bank transfer, GBP, and debit/credit card ATM withdrawals. Other additional benefits of using CoinConer are their responsive and friendly customer support, and the numerous countries they support apart from those in Europe.
As with any secure platform, you will need to verify your identity by providing them with an ID. Other downsides include a higher withdrawal fee at 1% and you will not be able to view their exchange rates unless you signup of their platform. Overall, if you need a platform with multiple options for Bitcoin to bank account withdrawal, Coincorner is a good option.
They offer multiple methods that you may use to withdraw Bitcoin to bank account. However, they do not share how much fees they charge, instead, the fees are incorporated in the buying or selling price of your Bitcoin. The withdrawal methods supported are SEPA, Online Bank Transfer, and SOFORT. We recommend it for those making small Bitcoin withdrawals in Europe and the US.
6. Coinbase Pro
If you live in the US or Europe, and need to make a Bitcoin to bank withdrawal, you may use Coinbase Pro’s ACH or Bank Wire services to make your withdrawals. You will also be happy to know you can buy Bitcoins for zero fees. Their only downside is that their interface may not be so straightforward for most users. Overall, it offers cheap and convenient methods to withdraw your Bitcoins to your bank account.
If you live in the US or in Europe, CEX.io offers a affordable and easy way to make a Bitcoin to bank account withdrawal. The withdrawal methods supported are SEPA for EU residents and ACH for US residents. If you live in other parts of the world, you will also be happy to know they offer debit card withdrawals. You may use to make a Bitcoin withdrawal at the ATM. Whether you live in the US, Europe, Asia, or Africa, you will find it to be a reliable and affordable means to make a withdrawal.
Why Withdraw Bitcoin to Bank Account?
Bitcoin is becoming an affordable way to receive funds from your online business partners and acquaintances. It also offers the added benefits of being safe in the light of charge-back from scammers who make doing businesses online a nightmare. Most important, Bitcoin to bank withdrawals eliminate the need to wait for days before you can receive your much-needed cash. We hope that you found this guide to be useful, and you will enjoy the faster Bitcoin withdrawals.
About the Author:
Peter Achachi is a technical writer, cryptocurrency enthusiast, and HODL.