This is your guide on how to withdraw Ethereum from a bank account.
The process of moving Ethereum into your bank account is actually very straightforward. This guide was written for traders who want to convert their Ethereum digital assets into actual money.
The page below will explain how you can get Ethereum into your account. Most sites follow the same procedure, regardless of whether you are using USD, EUR or another currency.).
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Pick a cryptocurrency exchange
You need to first choose a reliable cryptocurrency exchange in order to get Ethereum on your bank account. Coinbase, BinanceThese are the most popular options. The money is sent directly to your account after you sell Ethereum. Choose an exchange site that accepts your money and has fair transaction fees.
Create an account to prove your identity
If you haven’t done so already, create an account with the site you’d like to access. It requires you to give your email address and create a unique password. Verifying a person’s identity to satisfy regulatory requirements is normal. Most often, you’ll need to provide a photo identification and possibly other documentation.
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Transfer your Ethereum on the Exchange
Once your account has been set up, move your Ethereum to the exchange. Copy the deposit address and go to the Ethereum page. Open your wallet and type the exchange’s address. Enter the money you wish to send. Once you’ve confirmed the exchange, let it complete.
You can exchange your Ethereum for Cash
When your Ethereum reaches your trading account it is time to sell. Go to the section of the exchange that allows you to sell. Click on Ethereum and then on “Sell.” Limit orders can be set to sell Ethereum at a specific price, or at market value. You can sell Ethereum for any fiat currency you want, such as USD or EUR.
Withdraw money from your bank account
After you have converted your Ethereum into normal money, it is possible to transfer the funds from an Ethereum account directly to a regular bank account. The link will take you to the withdrawals page of the exchange. Select the option to transfer the funds to your account. Type in the desired amount.
Be aware of any transaction fees. Start the withdrawal after you have checked the details. After the transaction is completed and the bank has processed the funds, you should have the money in your account within a couple of working days.
Alternatives include peer-to-peer (P2P), or peer-to-peer, exchanges.
You can use peer-to-peer exchanges (P2P), instead of regular exchanges, if that’s what you prefer. LocalCryptos, Paxful and other sites allow you to directly sell Ethereum. Choose the payment method that is most convenient for you. work The buyer should be able to provide you with all the necessary details. You have more flexibility with P2P transfers, but be careful not to fall victim to scams.
You can also read our conclusion.
It’s simple to deposit your Ethereum in your bank account if you follow the steps below. Select a trusted cryptocurrency exchange. Create an account and verify your identity. It is possible to move Ethereum from one account to another, then sell it back for real money and get your money in your bank.
A peer-to-peer exchange is another option if you are looking for more freedom. You can easily convert your digital assets to real money if you understand how to send Ethereum to your account. Enjoy your purchase!
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Source: watcher.guru