Great, you’ve made money trading Bitcoin Cryptocurrency and now want to make a withdrawal. But there’s just one problem – how do you withdraw your funds? Not many people know how to cash out Bitcoin Cryptocurrency. In most cases, you will need to use a Bitcoin Cryptocurrency app.
This article will make it easier for you to understand how you can make a withdrawal using any Bitcoin Cryptocurrency app. But before we go into this specific process, let’s look at different ways that you can use to cash out Bitcoins.
Third-party Broker Exchanges
This is just another way to call an exchange. You can request a fiat currency withdrawal from your exchange whenever you want to cash out. And the most common way that this transaction happens is through the use of a bank account or a Bitcoin Cryptocurrency app.
But it is important that you note that since there are measures to counteract money laundering, you can only withdraw to the account that you made a deposit with. Therefore, if you haven’t deposited in that exchange before and want to withdraw using that specific account, you will need to make a slight deposit first.
Using a broker exchange to cash out your Bitcoin proceeds might take you anywhere between one to five days. However, there’s a faster way and we would urge you to move on to the next segment where we show you.
Peer-to-Peer
If you don’t fancy the idea of waiting in line for all those days just to get your money, then you should consider using a peer-to-peer application such as a Bitcoin Cryptocurrency app. However, when using this method, you need to ensure that you take identity very seriously.
Check their accounts and websites to confirm if they are legitimate. It is easy to fall prey to unscrupulous individuals online when withdrawing your proceeds. After all, everyone wants a share of what’s going on in this industry – including the scammers and cybercriminals.
Cashing Out Using a Broker Exchange
Using broker exchanges is pretty easy. There are Bitcoin Cryptocurrency app sources that can help you with this. You only need to note the following factors when dealing with broker exchanges:
Fees
How much are their fees for the transaction? A standard Bitcoin Cryptocurrency app will not overcharge you for withdrawals unless the rates have steeped too high. Also, the fees will depend on many other things, including the country that you’re from.
For instance, being in the USA warrants about $25 for every withdrawal that you make to your account. On the other hand, if you’re in the EU, the cost might just be a paltry $0.15.
Withdrawal Methods
Depending on the Bitcoin Cryptocurrency app that you’re using to cash out, there are different methods available. Some will let you sell your Bitcoins in exchange for cash, as they store them in an escrow.
They hold onto the Bitcoins until you confirm that you have indeed received the cash. Afterward, you can withdraw the funds to your bank account.
Cash Out Times
The times available for withdrawal will also depend on where you’re from. Where is your account situated? Is it in the USA? Because it is within the USA, then the withdrawal can take anywhere between one to six days. For the EU, the withdrawal times are capped between one to three days.
Afriex Bitcoin Cryptocurrency App
This is a service that has been around for several years now, and you can trust it to withdraw your cryptocurrency proceeds at any time. It is a great tool that you can use whether as an experienced trader or novice.
Afriex Bitcoin Cryptocurrency app has an easy user interface that won’t be challenging for anyone visiting the site. They have a high level of security measures that ensure your funds are always safe when you make transactions with them.
In addition, they are comparatively cheaper when compared to other Bitcoin Cryptocurrency app sources.
As an investor, you can rely on this Bitcoin Cryptocurrency app to make your sale or buy cryptocurrency then withdraw the proceeds to your account. There are also other offerings such as crypto pay to help you check out more easily.
Aside from just offering you the service of withdrawing crypto through their Bitcoin Cryptocurrency app, you can also learn a lot about the field through their articles and blog section.
In addition, they give you sufficient information for every step so that you don’t get stuck anywhere during the withdrawal process.
They also have insurance against any theft or damage that may happen to your crypto. But they highly guard against this due to their high-tech security system.
Final Thoughts
You need a secure, affordable, and fast Bitcoin Cryptocurrency app to make withdrawals. While there are so many such apps in the market, we strongly suggest that you consider Afriex.