Step-by-step guide to withdrawing money to a bank account: how to withdraw funds from the exchange to a card

Do you want to transfer your earnings from a cryptocurrency platform to a real bank account? Let’s go through this process step-by-step — it’s nothing complicated, the main thing is to understand the sequence of actions.

Preparation for Withdrawal: What You Need to Know in Advance

Before withdrawing funds to your card, make sure your account is fully verified. The platform will check your data and set withdrawal limits depending on your verification level. Incomplete verification means restrictions on the amount and methods of transferring funds.

Also, prepare your bank details: bank name, account number, and SWIFT/BIC code. These details will be needed when filling out the withdrawal form.

Initial Actions: Login and Navigation

Open the platform via browser or mobile app and log into your account. On the desktop version, find the wallet button in the top right corner, then go to the “Fiat and Spot” section. In the mobile app, the wallet icon is at the bottom of the screen.

Choosing the Type and Currency of Withdrawal

In the wallet section, click on the “Withdraw” option. The system will offer you two options: withdraw fiat money (real money like USD, EUR, RUB) or cryptocurrency. For bank transfers, select fiat.

Then specify the desired currency. If your crypto assets are still in digital form, first exchange them for fiat via the platform’s built-in converter, then proceed with the withdrawal.

Method of Funds Transfer

At the withdrawal method selection stage, pay attention to the available options:

SEPA — the best option for residents of Europe with low fees and quick processing.

SWIFT — for international transfers, a universal method, but it may be more expensive and slower.

Local bank transfer — if the platform supports it in your country, this is usually the most cost-effective option.

Each method has different fees and delivery times. Compare the conditions before choosing.

Registering Bank Details

Fill out the form with your account details: the name of the financial institution, account number, SWIFT or BIC code. The platform may ask you to add this information if you’re doing it for the first time. Double-check the information — errors in details will lead to delays or return of funds.

Specifying the Amount and Confirmation

Enter the amount you wish to transfer in the appropriate field. The system will display the total fee and the final amount that will be credited to your account. Carefully review the summary: the withdrawal fee depends on the chosen transfer method and may vary.

After verifying all data, click “Submit” to initiate the operation.

Operation Verification

To protect your funds, the system may require additional confirmation. If you have two-factor authentication (2FA) enabled, you will receive a code on your phone or in an authenticator app. Enter this code in the field to complete the process.

Processing Time and Receiving Funds

After confirmation, the operation enters the processing queue. Delivery time varies from a few minutes to 5 business days depending on the selected method, your bank, and current network load.

Funds should automatically arrive at the specified account. If after a week the funds haven’t arrived, check the transaction status in your account’s transaction history or contact the platform’s support.

Important Points to Pay Attention To

Fees: Most platforms charge a small fee for processing withdrawals. The amount depends on the currency, transfer method, and your country. SEPA is usually cheaper than SWIFT but slower than local transfers.

Volume Limits: Each user has daily, monthly, and total withdrawal limits. These depend on your verification status. Beginners are usually limited until they complete full identification.

Accuracy of Bank Information: Even a small mistake in your details can cause problems. Double-check your account number, bank code, and other details before submitting.

Using this scheme, you will easily transfer your earnings from the cryptocurrency platform to your bank account. The main thing is to be attentive at each step and understand which withdrawal method to choose depending on your situation.