How To Cash Out Your Crypto Safely and Easily - Kriptomat
2024.12.12 21:08How To Cash Out Your Crypto Safely and Easily - Kriptomat Prices Live crypto prices All Prices Over 300+ cryptocurrencies Gainers & Losers Find investing opportunities Recently Added Newly added tokens to Kriptomat What if I bought 100 € worth of today it would be worth Learn Products Build Portfolio Buy and Sell crypto Buy 300+ cryptocurrencies Exchange Crypto Over 1,000 pair options Intelligent Portfolios Smart way to invest in crypto Kriptomat Wallet A secure and simple crypto wallet TRACK AND ACT Price Alerts Real-time price updates for your favorite tokens Explore Assets Discover investment opportunities Portfolio Analytics Smart insights for optimal performance GROW PORTFOLIO KriptoEarn Earn rewards on your crypto Vault Save crypto for your future Recurring Buy Regularly scheduled investments (DCA) DeFi and Web3 Decentralized Exchange (DEX) Buy & swap hundreds of tokens from DEXs Web3 Wallet Buy, collect Crypto and NFTs with WalletConnect support Web3 Gaming Wallet Playing Web3 games has never been more simple! Web3 Directory Explore Kriptomat user’s favourite dApps Language Currency Deutsch Eesti English Español Français Hrvatski Italiano Latviešu Lietuviškai Magyar Polski Português Română Slovenčina Slovenščina Srpski Svenska Türkçe Čeština Ελληνικά Български € EUR $ USD лв. BGN Kč CZK ft HUF zł PLN kr SEK ₺ TRY fr. CHF kr NOK L RON kr. DKK Login Register Get Started / No results
Try adjusting your search
Login Get started English / Eur Language Deutsch Eesti English Español Français Hrvatski Italiano Latviešu Lietuviškai Magyar Polski Português Română Slovenčina Slovenščina Srpski Svenska Türkçe Čeština Ελληνικά Български Currency € EUR $ USD £ GBP лв. BGN Kč CZK ft HUF zł PLN kr SEK ₺ TRY fr. CHF kr NOK L RON kr. DKK Learn | Crypto Basics | TutorialsHow To Cash Out Your Crypto Safely and Easily
Cashing out means selling crypto coins or tokens in exchange for fiat money and then withdrawing the money to your bank account.
It helps to know the differences among the basic types of trading platforms and exchanges . Most cryptocurrency exchanges do not give you the option to deposit or withdraw funds using euros. However, there are the so-called “fiat gateways” where you can do it, and Kriptomat is one of them.
The Process of Cashing Out
There are a couple of different scenarios. For example, it is possible that you have crypto funds stored at an external address, either on a crypto-to-crypto exchange that doesn’t support fiat withdrawals or in a private wallet.
In both cases, you will first have to deposit the funds at Kriptomat. Once you receive the crypto here, you can sell it and make a fiat currency withdrawal to your bank account.
Kriptomat follows strict anti-money laundering (AML) procedures , so your withdrawal must be to a bank account that you have previously used to make a Kriptomat deposit.
Making a withdrawal usually takes a few hours, but depending on the bank it can take up to three business days for the money to reach your bank account. Payments are made via SEPA (Single Euro Payments Area).
A Guide to Cashing Out Cryptos at Kriptomat
We have prepared a detailed step-by-step guide for the entire withdrawal process in the scenario where you don’t even have an account on Kriptomat.
Step 1 Register
First, you will need to open an account . Kriptomat is a licensed exchange that provides the safest and most user-friendly platform for dealing with cryptocurrencies.
Follow our video tutorial on creating an account:
Step 2 Add and Verify Your Bank Account
The identity verification process is an important step in securing your account. Afterward, you must connect your bank account and make a euros deposit.
Follow our video tutorial for adding a bank account to your Kriptomat account:
Step 3 Deposit Crypto
Once your account is set up, you will need to send your crypto funds to your Kriptomat address.
Follow our video tutorial for receiving and depositing cryptocurrencies:
Step 4 Sell the Crypto
You will have to sell your crypto funds to convert them to euros before withdrawing the money to your bank account.
Follow our video tutorial for selling cryptocurrencies:
Step 5 Withdraw Euros
You can specify the exact euro amount that you wish to withdraw to your bank account. You can withdraw a portion of your funds or all of them. If you have multiple bank accounts, you will first have to select the bank account you want to use.
Follow our video tutorial for withdrawing your funds from Kriptomat to your bank account:
That’s it! Now you know how to cash out your crypto funds in the safest and easiest way.
NOTE
This text is informative in nature and should not be considered an investment recommendation. It does not express the personal opinion of the author or service. Any investment or trading is risky, and past returns are not a guarantee of future returns. Risk only assets that you are willing to lose.
Crypto Basics Finance & Investing News & Trends Related articles What Is the Future of the Blockchain Revolution? Today’s Best Real-World Blockchain Use Cases Pros and Cons of Blockchain Technology An Essential Blockchain Security Guide Guarding Against Phishing Attacks Related articles What is cryptocurrency Bluzelle and how does it work? There are lots of blockchains devoted to cryptocurrencies. Bluezelle is different. This innovative project is all about storing digital data - not just transactions - on the blockchain. NFTs and DeFi apps are just the beginning. Maximise Gains in Niche Markets: The Art of Sector-Specific Crypto Portfolios What is cryptocurrency Synthetix and how does it work? Did you ever wish all your FinTech apps ran on the blockchain? That's the ambitious goal behind Synthetix, a project that lets you buy, sell, and invest in off-chain commodities – including fiat currencies – as blockchain-based derivatives.Manage your portfolio – wherever you are
Use the website or download our safe and secure mobile app today.
Get started Download the app € EUR € EUR $ USD лв. BGN Kč CZK ft HUF zł PLN kr SEK ₺ TRY fr. CHF kr NOK L RON kr. DKK English Deutsch Eesti English Español Français Hrvatski Italiano Latviešu Lietuviškai Magyar Polski Português Română Slovenčina Slovenščina Srpski Svenska Türkçe Čeština Ελληνικά Български