How To Withdraw Bitcoin


Excited to go shopping with your hard-earned bitcoins, but don’t know how to withdraw it? Well, worry not because we’ve got you covered! What’s up, cryptopeeps? It’s your girl Maria! Here to deliver your daily dose of Bitcoin news. There are several different payment methods to use to withdraw your bitcoins earned from peer-to-peer platforms. How? You can sell them and select the payment method that you prefer. Once the money is transferred you could easily withdraw your money. Keep in mind that we’ll be tackling this in general and certain steps may vary depending on where you are and what company you are using to withdraw. So let’s jump right into the first method. Number one: Bank Transfers To get money into your bank account, you need to sell your bitcoin. Paxful is one of the biggest peer-to-peer trading platforms where you can buy and sell bitcoins. Once you have an account on Paxful and have bitcoins to sell, simply start a trade and choose “bank transfer” as a mode of treatment. Next, the seller, a.k.a. you, needs to provide details such as your full name and bank account number. You then need to wait for your buyer to make a transfer to your bank account. Usually for Nigerians, the seller needs to wait for an SMS alert indicating a successful transfer before releasing the bitcoins. If the money comes through and it’s in your bank account, you can easily withdraw using your bank’s ATM. Number two: Paypal In order for a trader to make a payment to your PayPal account, you’ll need to provide your email address. For safety reasons, make sure that the person you’re trading with has a verified PayPal account so that you’ll have their details too. Next, wait for them to send proof of payment. If you’re in the USA you’ll receive the funds much quicker, usually within the day. But if you’re located in another country, it’s gonna take 3-4 days mainly because you have to request conversion from USD to your country’s currency. Once they do that, you now have money in your PayPal account. Simply transfer the money to your bank account and withdraw over the counter or through an ATM. Number three: Western Union You will have to ask your trade partners for the Money Transfer Control Number, or MTCN which is a 10 digit reference code. You could also ask for a full photo of the Western Union receipt as proof. Once you get the code, you can use this to track your money through Western Union’s website and cash out at any branch near you. Don’t forget to bring a valid photo ID when you visit and fill out the receive money form. You can now withdraw your money just like that! Number four: Bitcoin ATMs This can be a bit tricky. Once you have set this up as your preferred payment method, you need to decide when and where you want to withdraw your money. To find a Bitcoin ATM near you, you can use CoinAtmRadar.com. Once you found one, you need to talk to your trade partners so they can send the amount of bitcoin directly to the ATM that you chose. This is where the tricky part is. They need to send it while you’re working on the ATM. So timing is the key. Keep in mind that the withdrawal process varies from ATM to ATM, but here’s a general idea on how to do it. Number one: Choose the “withdraw cash” option Number two: Choose “Bitcoin” Number three: Choose the amount you wish to withdraw Number four: Send Bitcoins to the given address or QR code from your mobile wallet And number five: Collect your cash Check out wethecryptos.net for the video and article we have explaining this process in detail. Do you know any other ways to withdraw bitcoin? Let us know in the comment section down below! Don’t forget to like this video, hit subscribe, and click the bell button to get notified whenever we post new videos. Follow us on our social media pages and our website. And once again, my name is Maria and this is WeTheCryptos.

49 thoughts on “How To Withdraw Bitcoin”

  1. I feel this video is cool and perfect….for me this knowledge on how to Withdraw Bitcoin is a great tips ever…..so i recommend for others for those who dealing with btc ..to walk thru this video.tq

  2. hi maria see you again with a stunning video. Actually this really a very important topic. Safe withdraw of bitcoins is essential one. otherwise it will lose.

  3. Thanks for this πŸ’–. Yes, you`re right. I was surprised how easy it is. That`s why, this is the future, it's easier, safer, etc. Congratulations for this video. PS: You so pretty 😍😍.

  4. Excellent information… Lots of people like me are stuck up with bitcoins and dont know how to cash them out.. thanks for sharing the video..

  5. Useful informstion. Most people are not aware of Bitcoin withdrawals. This video provides useful insights into this.

  6. Why is it that there are few people willing to share such useful information? Thank you for being selfless by sharing this video

  7. Thanks for lets us to learn all possible tips to sell bitcoins in exchange for usd, euro and other currencies. Then will require a complete identity verification and a connected bank account so that you can withdraw your funds. Congratulations for your excellente channel, as always.

  8. Withdrawing bitcoins had got tougher with all the restrictions around, thanks for sharing this valuable information on withdrawing bitcoins

  9. excellent video and information. i loved everything from beginning to end. Since you give detailed and specific information about How To Withdraw Bitcoin. Totally genuine and of great value. Thank you for sharing this kind of information. Good job! and congratulations for this. You are impeccable!

  10. Thanks for this information about bitcoins withdraw.Many times I stuck up with bitcoins and dont know how to cash them out.

  11. That a useful guide, actually I am still newbie how exactly bitcoin can be cash out and you make my day. Thanks!

  12. Thanks for teaching the community! I am new to the world of cryptocurrency and every day I learn something new πŸ˜‰

  13. Useful information explained about how to withdraw bitcoin. It is really good to know that we can withdraw through paypal. Thanks for sharing.

  14. Informative video to withdraw bitcoin. You show how to withdraw bitcoin in bank PayPal western union and such types of account. Also explained it very well. Thanks for sharing.

  15. Hugely Nice!! Very useful tips to transact bitcoin using different ways. There are many online platform offering various types of services to utilise your bitcoin like buy/sell, transfer, withdraw to bank a/c etc. and Paxful is one on the most popular crypto currency platform provides wide range of withdrawing services. Stay tuned for more.

  16. Thanks for letting us know about the methods to withdraw bitcoins. Hopefully you will explain other currency like ripples, ada withdrawal as well

  17. Thank you for the information, I learned a lot today, Thank you again for sharing. Now, I know how to withdraw my bitcoins πŸ™‚

  18. Interesting content of this video is reliable and complete it is very helpful. Thanks for sharing greetings.

  19. For people like myself just learning about Cryptocurrencies and how is it works, this video shows, in a simple way, how cash out earnings very easily.. Thanks for sharing!

  20. Excellent detailed explanation about how to withdraw Bitcoins. Its very easy to understand and give more valuable informations. Thanks for sharing this video and keep it sharing like this video in the future. I am always expecting your upcoming videos.

  21. Excellent information on the withdrawals of bitcoins, every detail counts for me and to know more about this crypto world. Thanks for your video.

  22. I'm from Serbia,so the best option for my country is Western Union.I don't have PayPal so it's bit harder for me.Thanks for sharing this,I was hopeless about bitcoin withdraw before this video.

  23. The video content is interesting and is very useful

    It gives you several ways to withdraw money

    Thanks for sharing

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