It’s normal for crypto investors to be constantly seeking new ways to withdraw Bitcoin for cash instantly. If you have accumulated your desired earnings and now you are looking for the best platform to withdraw your bitcoins instantly, this post is surely worth reading till the last paragraph. Turning your Bitcoin into cash doesn’t have to be difficult because the current crypto market offers a wide variety of payment methods to simplify your deposit and withdrawal. Ranging from brokers to peer-to-peer marketplaces, Bitcoin cash-out options are pretty limitless.
NakitCoins is a popular Turkish crypto exchange that has established itself as one of the leading instant crypto exchanges in the world today. Convert your crypto to cash immediately, buy and sell bitcoins for the lowest fees, top up your wallet with your credit card and do just about everything crypto-related on NakitCoins’ decentralized exchange. Nakitcoins is the number-1 crypto cashpoint broker in Turkey. Learn how to cash out Bitcoin instantly on NakitCoin's official website.
If you have a Bitcoin cash-out card, you can withdraw your funds at the nearest Bitcoin ATM
Coinbase is a US-based third-party crypto broker that allows you to deposit funds using fiat currency and cash out your Bitcoins instantly. Once you load your account on the exchange, you can initiate a cash-out anytime and just one way to do that is via bank transfer.
Third-party broker exchanges have to comply with strict anti-money laundering laws which means there are procedures you will have to complete. For example, you are encouraged to withdraw BTC to the same bank account that you used to make a deposit.
On Coinbase, it takes a few days for the money to hit your account if you use bank transfer. Customers from European Union countries can make withdrawals via SEPA (Single Euro Payment). To sell Bitcoin for US Dollars, most third-party brokers use the SWIFT payment option.
Peer-to-Peer platforms offer another option to cash out Bitcoin faster. If the idea of having to wait for three to four days before receiving money in your bank account is inconvenient, you could look at P2P marketplaces such as LocalBitcoins, Paxful, and others.
On these exchanges, you can choose between multiple cash-out BTC options such as cash deposit, bank transfer and in-person payment.
Cash deposit: ask the buyer to deposit money into your bank account and confirm the transaction before you release the bitcoins.
Bank transfer: sellers can ask buyers to send payment via bank transfer; you may want to request proof of identity from your trading partner before you complete the transaction.
In-person payment: arrange with a local buyer on a P2P exchange such as LocalBitcoins or Paxful. Meet them in person at a safe location, and they will pay instantly in cash.
As long as you are not being careless, your peer-to-peer crypto transaction should go smoothly. That said, you should still watch out for fraudsters. LocalBitcoins and Paxful offer a high level of safety thanks to their escrow service which locks the bitcoins until both parties confirm the transaction.