How to Transfer Bitcoin From Blockchain to Cryptocurrency Exchanges Once you have your crypto converted to fiat and reflected in your bank account balance, you can use these funds with your credit card, debit card, a payment service such as Paypal or Visa, or with any other fintech solution. If your bank is crypto-friendly, a direct transfer of BTC to your bank account can save you the expenses of a crypto exchange platform conversion fee and you will only pay the standard bank transfer fee. The number of banks that accept cryptocurrency is growing, but the best way to be sure about the position of your bank is to ask your local bank manager about the company policy towards crypto-asset transfers.
Of course, there are some banks that support direct Bitcoin transactions and do the exchange for you, but this is rarely the case. The fees depend on the amount you are transferring, but in turn, you get a fast and secure service. Such platforms naturally charge a transaction fee when exchanging assets and also charge withdrawal fees when you want to send funds to your bank account. These are platforms specifically designed to help you exchange different digital assets or sell your crypto in order to cash out fiat money.
Websites such as Coinbase, Kraken, or Bitstamp are professional crypto exchanges that carry no risk for your transfers. If you want to exchange your bitcoins for US dollars, Euros, or British pounds and send the funds to your bank account, you need to select a trusted crypto exchange platform to facilitate the exchange. We are now going to take a look at how the exchange from cryptocurrency to fiat money works and the possible ways for you to convert your digital assets and send them directly to your bank account if you’re using. Or, let’s say you want to go shopping.You still can’t pay for groceries in the local supermarket or buy clothes at the mall with bitcoins, so you need to convert them to fiat currency first. However, if you deal with cryptocurrency on a day-to-day basis, you probably have the need to withdraw some of your funds to your bank account once in a while. Having your digital currency stored on your wallet allows you to use it as a payment method on countless web locations without the need to withdraw your money to your bank account and convert the funds to fiat money. This means you don’t have to worry about someone hacking or compromising your funds.
The Blockchain Wallet is easy to use, provides handy features such as in-wallet exchange of crypto assets, and is very secure thanks to its state-of-the-art software security measures. It’s no surprise that newcomers to the world of digital assets often choose Blockchain as the platform to satisfy all their crypto-related needs. It’s both a Bitcoin (BTC) blockchain explorer, a cryptocurrency exchange platform, and the creator of the famous Blockchain Wallet with more than 65 million users worldwide.
In recent years, has grown to be one of the most popular and trusted crypto companies on the market.