Withdrawal of cryptocurrency to the card

Withdrawal of cryptocurrency to the card

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Investments in cryptocurrency and earnings on digital assets do not lose popularity, on the contrary, more and more people are interested in the crypto industry . If you have already started trading crypto, sooner or later you will want to withdraw your income and spend funds. Let’s talk about withdrawing cryptocurrency to a card using the example of the Binance exchange .

Withdrawal of cryptocurrency to the card from the Binance exchange

Conditions for withdrawing money from cryptocurrency to a card on the exchange Binance is one of the most profitable for users. You can safely withdraw money by spending, spending a minimum of time, in two ways:

  • Directly from the hryvnia balance. Money is withdrawn through partner payment systems GEO Pay , SettlePay or others.

  • Through the Binance P2P platform. Funds are withdrawn through an exchange with other users of the exchange, users can exchange hryvnia or crypto from the balance by making P2P transfers.

Binance users can withdraw cryptocurrency to Privat Bank, Monobank , PUMB and other banks working with Visa and MasterCard payment systems .

So, in order to withdraw money directly from the balance on the exchange through the SettlePay service , you need to follow these steps:

  1. Log in and enter your personal account.

  2. Open the “Wallet” tab, then “Fiat and Spot”.

  3. Opposite the hryvnia in the list of assets, click the “Withdraw” button, confirm the operation.

  4. Enter your bank card details or select a saved card.

  5. Specify the amount of funds in hryvnia that you plan to withdraw, confirm.

As a rule, money comes to the card immediately, sometimes the operation is completed within a few minutes. Through the GEO Pay wallet , money is withdrawn from the exchange in the same algorithm, but the transaction takes longer.

Withdrawing money from cryptocurrency to a card via P2P

If you prefer to withdraw money through the Binance P2P platform, the operation is also quick and easy to complete. Output algorithm:

1. Log in to the exchange, select the “Trade” section in your personal account, open the “ P2P” tab.

2. Transfer funds from the Fiat and Sport wallet to the Recharge Wallet.

3. In the additional menu, select the “Sale” function UAH fiat – UAH, select a bank. This method also allows you to withdraw funds to cards of different Ukrainian banks.

4. In the proposed table, select the best option for sale, confirm the transaction by clicking on “Sell UAH”.

5. Carefully read the terms of the exchange, indicate the amount.

6. Confirm the withdrawal of funds from your balance on the exchange.

7. Complete the exchange when the money is withdrawn from the cryptocurrency wallet to the card.

Fees for withdrawing cryptocurrency to the card in 2022

Whichever way you choose to withdraw funds, there should be no problems with the transaction. But you should be prepared for the fact that a commission is charged for withdrawing money. If you use the Binance exchange and withdraw money through the SettlePay service , be aware of the current limits. According to the rules of the platform, one transaction should not exceed UAH 29,999 , the daily transfer limit per card is UAH 75,000, and the monthly withdrawal limit per card is UAH 150,000.

The service charges users a commission of 1.5% of the transfer amount. But there are often promotions on the exchange, so you can withdraw money by saving on fees.

When transferring money from the exchange via P2P, no commission is charged, but some banks may charge clients a commission for crediting funds. There are also limits for Binance P2P users, they are specified for each individual application, and you can check the limit when creating an exchange operation.

For users of other trading platforms, approximately the same withdrawal algorithm applies, but still different exchanges set separate conditions, limits and commissions. You can always familiarize yourself with the rules for withdrawing money in the appropriate section on the website of the trading platform itself.

You will learn more about the technical part of making money on cryptocurrencies at Crypto Crew . We teach not only how to invest and trade cryptocurrencies effectively on the stock exchange, but also safely store digital assets, manage risks, withdraw funds easily and with minimal commissions in any convenient way. Learn at Crypto Crew and earn on exchanges even with a small deposit!