Cryptocurrencies are becoming increasingly trendy nowadays. Thanks to this new form of currency, a virtual currency, you can perform various online operations such as playing in a cashable no deposit casino bonus. If you don’t know how to cash out and convert your cryptocurrencies into euros, here are our tips. It’s possible.
Use your credit card
Don’t look far. From your credit card, you can convert and collect all your cryptocurrency earnings in euros. It’s also more beneficial to do this if you find that the cost of your cryptocurrency is going down or that the companies you want to transact with do not accept crypto balances.
There are several cards dedicated to converting crypto balances. Among the best are:
- Wirex: which is a neobank solution that has a platform accessible on PC and mobile that allows you to buy bitcoins. It also allows you to store your cryptocurrencies on its platform associated with different e-wallets. This bank card is accepted in 200 countries and allows you to withdraw money in different currencies and not just euros. And its greatest advantage also lies in the fact that it offers a Cashback system that allows you to receive a cache of 0.5% in bitcoins for each purchase using your card;
- Crypto.com MCO Visa: This is a prepaid card for all MCO users who deposit at least 500 MCO for 6 months on the site. With this card, after these 6 months, you can withdraw up to €800 or resell your cryptocurrencies. Furthermore, it does not charge any conversion fees if you make a withdrawal of €10,000 or more;
- And the Binance Visa: the latter is intended to allow you to spend your cryptocurrencies in virtual stores. You can both convert them into euros and withdraw them whenever you want. But to do so, you must first transfer them to the dedicated Binance card wallet before initiating the withdrawal operation. It also entitles you to 8% retrocession on all your purchases.
Make a transfer to your bank account
If you don’t have one of its special cryptocurrency bank cards, you can also make a transfer to your bank account. But here, you also need the help of a cryptocurrency exchange like Kraken or Binance.
Kraken, on the other hand, launched in 2011, is a global cryptocurrency exchange. You can transform different types of cryptocurrencies with this platform such as Bitcoin (XBT), Litecoin (LTC); Dash, Ripple (XRP) and Bitcoin Cash (BCH) in fiat currencies such as the Euro or US Dollar. To take advantage of this option, log into your Kraken account and click on “Funding” and then on “Withdrawal”. Then choose the currency of your choice and select your bank account from the list of withdrawal methods and that’s it. You still have to define the amount to withdraw. Normally you will receive a confirmation message within 72 hours of your request. The message confirms that you can finally withdraw your money.
Binance, on the other hand, is an exchange platform for more than one hundred cryptocurrencies. Operated from Hong Kong since 2017, it is also compatible with smartphones. With this platform you can buy, store, resell and convert your cryptocurrencies. And deposits are completely free. It should be noted that currently only Binance Coin (BNB), Ethereum (ETH), Ripple (XRP) and Bitcoin (BTC) are convertible to euros on this platform. Once the conversion is finished, check your wallet and click “Withdraw” under the “Cash Balance” section. Then, select your preferred currency and payment method. Here, choose “bank transfer”. In short, with Binance you can withdraw between €20 and €500. You may also be asked for your IBAN and some withdrawal information. You will receive your money after a few hours up to a maximum of 2 days.