Bitcoin Forum

Hello everyone,

Do please share your experiences on best way to withdraw the money from the exchange nowadays?

Cheers!

A week ago. Kraken (SEPA EUR). Money arrived within 3 days (amount less than 1k EUR).

For me i am only using coins.ph to convert my Bitcoin to flat it is easier, faster and there are many ways where you can send your Bitcoin for you to withdraw as a flat currency. Since its PH i think you need to be in PH before you can use their service dunno if they supports other country.

I think this answer will depend on what country you're from though. In Canada I've had no problems withdrawing fiat with QuadrigaCX. They're probably the best fiat-crypto exchange for Canadians.

I do use exchanges geared towards other countries like Coinbase, Kraken, and Gemini, but I've never withdrew fiat from them.

It depends on the country you belongs to. Please mention yours to give better suggestion.

I think EXMO, and if it only exchanges from BTC - the best coinbase the best :)

EXMO 2 hours :)

Good point although I deliberately wanted to investigate experiences throughout the world as myself in Europe had issues to get accounts from coinbase and gdax. Gemini looks good and will definitely try that one. Thanks man and sorry about the Germans ;)

Well I wanted to gather experiences from all over the world as to help everyone and myself (from Europe) in getting better deal. Thank you.

If we have already an application wallet or any kinds of wallet that built on our gadgets that fit to make any transactions by exchanging our bitcoin into fiat or into a real paper money, it simply easy to make any widrawals, that's actually being made by some people in my country. Because different countries are different system of establishments but it is likely the same forms of transactions. In my country, people made a widrawals mostly in international remmitance company, some also made widrawals by banks.

Ok, but which exchange to get to withdrawal to the bank?

I'd wish I can make poll about best exchange here, so if anyone is interested please do so.

This is strange to me, because in the US Coinbase is the go-to for pretty much every regular person that wanted to get involved with BTC. I've known many Americans that know nothing about Bitcoin, but were able to make an account on Coinbase in no time. I've heard a lot of complaints about fees with Coinbase, but never of someone having trouble getting their account going. They are pretty good about withdrawals to banks, deposits from cards or banks.


When I have to use an exchange I use Gemini, but I never keep funds on the exchange longer than I have to. I can recommend them if you find yourself in need of an exchange, but I would highly advise against the use of exchanges; they've been notorious for problems of preposterous size.

>No worries, hit and run always ;)

I use Kraken to withdraw funds I get the amount sent in US$ and then it is converted by my bank to local currency, I don't mind too much as the rates are pegged. If you are in the US or EU then the withdrawl rates are really cheap so I would recommend. It normally takes less than 2 days to receive the funds.

so far EXMO 3 votes

KRAKEN 2

COINBASE 2

GEMINI 1

Thanks man.

In EU on bitstamp they will ask you about surces of your BTC and will make some AML :).
So if you plan to sell them try aoid it if you think that it  couse any problems.
But if everything is ok then transfer is going fast 1day :) with SEPA>

Becouse of problems that you will have I won't reccomoned bitstamp to anyone.

Localbitcoins is one of the best site where you can convert your bitcoins to fiat and it uses automated escrows so no worries of getting scammed and it also offers more price than the actual market rate.
The other exchanges like kraken can be used to get our cryotocurrency to fiat.

Honestly, I have used Coinbase to get about 5k of my money out. I have my bank account linked via the bank account login feature it has built into it. I just linked it and I sold a bunch of Litecoin and it was deposited into my bank account within 2 business days. It was really fast and I had 0 issues. I live in the United States, so I am not sure if that plays into it. I know a lot of people have issues with wire transfers so I prefer not to use wire transfers.

I know Coinbase has gotten a lot of hate lately and bad publicity, but if you are in the USA, have a normal bank account and you have it linked, I think you are probably fine since it uses ACH to deposit the cash.

It depends on your country because coinbase is the best exchange in Bitcoin to fiat currency but it is not supporting to all the countries. Localbitcoin is supported in most of the countries it is easy and 100 percent secured website so first you should check the LBC then try it another sites. If you feel LBC is comfortable you can continue this site.

Coinbase is a trusted one and it has a option withdrawing to your credit card. It's quite fast too.

Made a simple poll so do please vote or ask to add new market or exchange.

It might be more interesting if you created a thread called "Worst exchange to get fiat" where we go through popular exchanges that are still being used to this day and have a horrible reputation; even if you just made the poll this and kept the discussion in thread as is. I can think of a few off the top of my head that have extraordinary amounts of complaints about them and are still receiving deposits more than hundreds of thousands of dollars a day. There are many threads discussing the exchanges they use and recommend. I might make the thread myself if I get an extra few minutes to gather my thoughts about it properly.

Localbitcoins is notoriously annoying and high-priced. I wouldn't recommend using them. There's going to be a bunch of 1-votes and 1-person suggestions for particular exchanges. Should make a rule that at least 2-3 people recommend an option before casting it in the poll.

Excellent point but I can't run two polls at once in here. Although I do see bad feedback on Yobit almost once a week as I was victim of their inability to respond to simple transaction or to reply to customer support query in 10 days or more. Making the best ones mentioned was my goal and all the bad ones get bad rep anyway.

As far for the second part of your answer. This is new post and hopefully in time we will get more and more opinion on which ones are better and do please give us your input on which one are real bad when you have time.

More and more people post here and we will be able to divide the real honest suggestions from advertising.

I often make exchanges to earn flat money, and I am happy to do it for my daily needs, I do a search for a flat fee in Vip Indonesia, and all my experiences are good.

Gemini or Coinbase. You have to get your account linked up first then your good to go. Don't expect it within a day

I think the problem with a lot of the smaller exchanges is that they get overwhelmed by the amount of support required from the clients. Obviously this isn't unique to the smaller exchanges, but they especially seem to be unprepared for how hands-on running a crypto-exchange is going to be. Simple customer support goes overlooked and then the entire company begins to fall apart. The reputation starts to dwindle, then people start to pull their funds out at the first chance they get which sends the company into panic mode and causes strange decisions to be made. Exchanges are having a tough time figuring out how to operate and unfortunately it seems to be the customers and early adopters that are going to take the brunt of it. I've seen some exchanges go months without answering support tickets regarding an uncredited deposits.


It's always amusing to me when you can tell what country someone is from by the exchange they suggest. I'm going to assume you're from USA, because people from other countries tend to have trouble with CoinBase more than USA residents from what I can tell. Gemini is very popular in the USA, but you know what I will disagree with you about one thing; I've seen Gemini withdrawals pop into the bank account on the next business day. Initiated Tuesday and in the account by Wednesday, but this is not typical. I just wanted to let you know there is the possibility and that it does happen relatively frequently. Worst case I've seen from Gemini is about 3-days on a withdrawal. CoinBase tends to be more lengthy for deposits, withdrawals and verifiation.

And not really related to the theme you are writing but would like to add even some of the Chinese exchanges stopped withdrawal in USD.

I am in Nigeria i make use of https://nairaex.com/ to withdraw funds and get the funds sent in united state dollars and later converted by my  bank here in nigeria the rate of withdrawal can not be compare with that of first tear countries but it fear, within 3 or 4 days you will get your money. I therefore urge everyone in nigeria to use the company.

Cex.io is very good with fiat to crypto and crypto to Fiat but from experience, they aren't reliable and guarantee to provide such service always. I think coin base is the best with fiat conversion to crypto and vise versa

I think that the coinbase dominates in usage to exchange. relatively low cost, easy to use and also excellent security is the main reason many people choose coinbase to do the exchange.

1 year using coinbase. and even I keep some bitcoin in coinbase safely.

A weeks a go I did transaction with coinbase and it is great. Coinbase is one of the good exchange if you want to covert your crypto to fiat and this platform is very good and no hazel. Also, the transaction fee is not too high like other exchange platform.

people will vote for exchanges they trade on or the biggest ones.  it's not a obvious voting. I'd choose bittrex because for me it's one of the most stable exchange for now

Coinbase and localbitcoins are my best options from the list provided because I have never been scammed when exchanging crypto to fiat and with LBC improving its KYC checks I think it will reduce the frequency of people getting scammed.

But the best should be meeting a trader inperson and of course in a public place to avoid any harm or unexpected drama.

Why you didn't put binance? For me binance is the best exchange where you can exchange money into fiat but if your country build an application that can easy convert bitcoin into fiat you don't need to find exchanger just convert your bitcoin in the mobile phone or in the application.

Done!

I think it is coinbase. Because it is easy to use, even in your phone. Not only withdraw money, you can buy crypto by depositing your money there.
other than coinbase, i think binance is good too. This exchange is no.1 in cryptocurrency exchange.

i dont know about many exchanger and i know some exchanger that i use every day or every i have the coin that i want to sell, there are hitbtc, bittrex, and kucoin that 3 markets is good for me becuase its easy to use, trustful for me, and i think our coin can safe if we make a tranasaction from that markets

i use binance for months and didn't see any problem on site. i can suggest everyone honestly.

Yeah and good thing here in our country there's an app that can exchange bitcoin or eth into fiat so we never worry the exchange sites. Though sometimes I used to exchange it with USDT when I think the market will have some corrections and I always did this in binance and bittrex.

I love localbitcoins for its ability to connect the seller and the buyer, set and choose the price of exchanges and territorial accessibility. I hope that soon we will see cards for quick exchange with minimal commissions.

Hi there Vlada69! Nice idea of creating that survey. I hope you gather enough answer to make the result concrete. In my experience, I have your both coinbase and cex.io, they are almost the same but the additional charges they impose is something that I am not quite happy especially they need to convert in fiat with an exchange rate lower than most of the banks. I usually prefer to check in first the convertion rate from fiat before I need to cash it out. In terms of localbitcoin, it could be much cheaper because some people is in a hurry and needed a cash even the current bitcoin fiat rate is lower. But, I have found it a quite riskier due to the fact that some people what it to be done in unfamiliar place. But all in all, almost all of the listed exchange is good. Hope it helps.