How Do You Withdraw Crypto as a Fiat Currency?

[Nomad]

When it comes to converting your crypto assets into fiat currency, how do you do it? Does the exchange and wallet you use allow you to directly withdraw as fiat money on your bank account? Well, this option is not available to me, so I either use exchange services through platforms like Airtm or involve with P2P trading.

 

[krishatnet]

At present I am using binance website. Completing kyc also easier. I used p2p to trade my crypto to my local currency got my money with in few minutes.

 

[Kross]

I am using Divest wallet to withdraw my crypto to fiat. It is an automated process that pays fiat directly to your account on receipt of fiat.

 

[riberet19]

if it is Bitcoin or Litecoin in ATMs since there are several where I live, if it is another cryptocurrency in p2p exchanges or sometimes even with friends who want to buy and we make face-to-face exchanges.

 

[eLdavis]

I am making use of roqqu and luno. These are exchange platforms accessable in my country. I can easily exchange to my flat currency there.

 

[Suba]

Crypto ATM is too far from my place of residence, so it would be easier for me to exchange crypto to local fiat money using a local crypto exchange, the transaction will take place in just a few minutes, the money has been received in the bank account.

 

[riberet19]

Crypto ATM is too far from my place of residence, so it would be easier for me to exchange crypto to local fiat money using a local crypto exchange, the transaction will take place in just a few minutes, the money has been received in the bank account.

A local centralized exchange you mean? if you want privacy these ATMs are very good, but if you don't have any nearby it is better to find other formulas, I don't usually like centralized exchanges...

 

[Suba]

A local centralized exchange you mean? if you want privacy these ATMs are very good, but if you don't have any nearby it is better to find other formulas, I don't usually like centralized exchanges...

I think local cex is easier even though we have to kyc, we can also withdraw and deposit via bank or ewallet. Currently, there is no better way to transact crypto in my area.

 

[King Belieal]

I use Bitget to trade the crypto to fiat through the peer to peer platform of the exchange. Used to use Binance before their battles with the Nigerian government.