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The Easiest Way to Cash Out Bitcoin and Other Crypto in 2023

By: Anees Saddiq

 

How Bitcoin Investing Can Help Your Small Business

Cashing out your crypto never was as fast as users wanted it to be. At first, you have to sell it at the exchange, receive your fiat at the exchange’s account and only then you are able to transfer money to your card. On the other hand, you can always visit an offline exchange office and convert your crypto assets into cash, but it can’t be suitable for everyone. Is there an easier, cheaper and faster way to sell crypto directly to bank cards?

Classic crypto selling options and their negative aspects

Usually, in order to sell cryptocurrencies and receive fiat to a card, you had to sell crypto at the exchange, then pay a clear commission in percentages or the one hidden in the exchange rate.

Then you’d have to transfer the fiat to the desired wallet for withdrawal; sometimes it also has a separate commission, depending on the service. And only then could you withdraw the fiat to a bank account or a bank card, with a chance to get charged a different commission. However, this is not the end, either, since crediting funds to the account takes from 1 to 5 banking days.

Probably, the most convenient way to sell crypto for fiat money is to choose services that can handle each mentioned step: so-called “all in one” services.

Until recently such services hadn’t existed. There are some services which are able to provide convenient cashing out of crypto. Let’s consider how it works with the example of the Blackatcard mobile banking app, which is an online bank with a crypto wallet.

Basically, with Blackcatcard you can exchange your crypto as if you are performing a basic transaction, such as purchasing any products and services on the internet via card or ATM withdrawals.

It consists of 4 simple stages:

  1. Crypto wallet in the app is topped-up by the user in USDT, ETH or BTC
  2. User exchanges crypto to fiat in one click
  3. User quickly receives an equivalent in Euros to their IBAN account
  4. After that, the customer can pay for any services/goods, perform SEPA transfers, or cash out in ATMs worldwide.

As noted on the website of the online banking service, the integrated custodial wallet and crypto service are provided by Blackcatcard partner, DigiNORD OÜ.

Any financial information or opinions contained in this article are the author’s own and do not represent endorsement or support of any products or services by SmallBizClub.com.

Published: February 24, 2023
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Anees Saddiq

Anees Saddiq loves to share business and lifestyle content with all related communities. With a focus on content marketing and branding, he hopes to inspire you to improve the performance of your online business. Follow @built4kill2004 on Twitter.

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