The growth in Bitcoin’s value and popularity has led to an increase in the number of users interested in withdrawing digital assets into fiat currencies. Consequently, more and more people are facing a very practical question – how to withdraw money from a bitcoin wallet.
It is possible to transfer digital assets into fiat rubles, dollars, or euros. The process of withdrawing cryptocurrency into fiat requires an understanding of all the specifics, risks, and methods involved. There are several withdrawal methods, allowing users to choose the most suitable option depending on their priorities.
Primary Methods for Withdrawing Bitcoins
There are many options for how to withdraw bitcoins from bitcoin wallet to get your earned money. Each way has its own features, advantages, and disadvantages.
Speed and fees vary. User verification requirements range from a complete absence on anonymous platforms to mandatory KYC/AML procedures on regulated exchanges. The choice depends on specific needs and priorities.
Withdrawing BTC via an Online Exchanger
Online exchangers fall into two categories.
The first requires AML and KYC verification (identity and document checks).
The second consists of anonymous services where such procedures are absent. The methods for how to withdraw money from a btc wallet can differ depending on the selected service.
Let’s compare them based on key parameters:
- Fees. Anonymous exchangers have lower fees. The main reason is the absence of costs associated with conducting identity checks. This is one of the most profitable options for how to get money from a BTC wallet.
- Speed. Barry24 and similar anonymous platforms operate faster. Transactions are completed within 5-15 minutes. There is no waiting for verification, providing immediate access to funds.
- Security. In terms of the exchanges themselves, security is roughly the same. However, anonymous services eliminate the risk of personal data leaks online.
- Reputation. This is specific to each service. Barry24 has numerous positive reviews on independent platforms.
- Minimum Amounts. Barry24 has the lowest minimum exchange amounts. It’s a suitable option for how to withdraw bitcoins from bitcoin wallet if you don’t have a large quantity yet.
Other advantages of Barry24:
- Suitable for any cryptocurrency and any wallet (including MetaMask, Ledger, Trust Wallet, and others).
- Funds can be directed to Visa / Mastercard / MIR / SEPA / USD / EUR / KZT, and so on.
- No registration required — fast, simple, and secure.
Anonymous exchangers, such as Barry24.com, are often considered a good option for inexperienced users due to the simplified exchange procedure.
The instructions are very simple and consist of a few sequential steps:
- sеlect the desired exchange direction on the platform.
- Enter the transaction amount and the details of the bank account where you want to receive the funds.
- Receive the address where you need to send the cryptocurrency.
- Transfer money from bitcoin wallet.
- Receive the funds within 5 minutes.
Directions for withdrawing cryptocurrency (Bitcoin) to bank cards:
- Exchange Bitcoin (BTC) to Sberbank (RUB) without AML check and KYC verification
- Exchange Bitcoin (BTC) to MoneyGo (USD) without AML check and verification
- Exchange Bitcoin (BTC) to MoneyGo (EUR) without AML check and verification
- Exchange Bitcoin (BTC) to Mono Bank (UAH) without AML check and verification
- Exchange Bitcoin (BTC) to Privat24 (UAH) – No AML check and verification
Withdrawing BTC via a Cryptocurrency Exchange
A cryptocurrency exchange represents a different approach.
Here, you need to register an account and undergo mandatory identity verification. The process includes creating an account, confirming your identity through KYC procedures, and transferring BTC to the exchange wallet. Only after that can you proceed with the withdrawal to a bank account. A platform like Coinbase is a popular example.
Popular exchanges are present online, for instance, Bybit, Binance, and OKX. These platforms provide the opportunity to set a desired selling price. They are suitable for cases where you need to exchange a large amount. After you sell, you can initiate the withdrawal.
Pros:
- The ability to set your own selling price.
- Suitable for operations with large volumes of funds.
Cons:
- Registration and mandatory verification (KYC) are required.
- Long registration and fund withdrawal times.
- Not all exchanges support banks in the Russian Federation.
- High fees and an unfavorable rate at which the coin is sold.
- Risk of funds being blocked after complaints are received.
- Not all wallets support direct withdrawal to an exchange.
Withdrawing via P2P Platforms
P2P offers direct transactions between users. There are specialized P2P services and exchanges with P2P trading functionality, such as Bybit P2P and LocalBitcoins.
When using P2P, it is crucial to thoroughly check the counterparty’s reputation. The analysis includes reviewing other users’ feedback and transaction history to assess their rating and the number of successful operations.
Pros:
- Support for Russian bank cards.
- Opportunity to get a favorable exchange rate.
Cons:
- You need to be registered on the exchange or service.
- Verification is mandatory.
- Potential for fraud and disputes between participants.
- The process is not instantaneous and depends on the actions of the other party in the transaction.
Direct BTC Withdrawal from a Wallet to a Card
Some wallets allow you to withdraw BTC directly to a bank account without using third-party platforms. Examples of such wallets inсlude Broex, Trustee, Cryptopay, and Mercuryo. You just go to the app, sеlect withdrawal, and enter your card details.
Pros:
- All operations are performed within a single wallet interface.
Cons:
- Limited number of supported cards.
- Not suitable for cards from Russian Federation banks.
- High commission percentage.
- Verification is required.
Exchanging BTC via a Telegram Bot
Telegram bots are another way to sell cryptocurrency, valued for their ease of use and speed. They function as mini-exchangers within the messenger, not requiring a separate website or app installation.
This method can be convenient for completing a transaction without navigating to external sites or applications. However, the drawbacks of high fees and the need to find reviews remain. To avoid this, one might consider other options.
Advantages:
Legal and Tax Aspects
Since January 2021, a federal law on digital financial assets has been in effect in Russia. Cryptocurrency has been recognized as property. The purchase, sale, storage, and mining of cryptocurrencies are legal. However, using them as a means of payment for goods and services is prohibited.
Individuals are required to declare transactions with cryptocurrencies if their total volume exceeds 600,000 rubles per year. For any profitable operations, a 3-NDFL declaration must be filed, regardless of the income amount.
Income from the sale of cryptocurrencies is subject to personal income tax (NDFL) at a rate of 13%. However, this applies only if the income in the current year was up to 5 million rubles. If this amount is exceeded, the legislator has decided to set the rate at 15%. Sole proprietors on the simplified tax systеm pay 6% on income or 15% on the difference between income and expenses.
The deadline for filing the declaration is April 30 of the year following the reporting year. For example, for 2025, the declaration must be filed in 2026. The tax payment must be made by July 15 of the same reporting period.
Security Tips for Withdrawing Funds
Every platform has reviews. Before you send funds, you must check the service’s reputation. You should study user reviews on independent sites. At the same time, you can check the company’s operational history.
It is important to beware of phishing sites and scammers. It is recommended to check the website address, use only official links, and not click on suspicious links in emails or messages.
Conclusion
Anonymous exchangers are one of the most popular methods to get funds out, thanks to a combination of speed, low fees, and the absence of mandatory verification. Personal data is not transferred, and other user conveniences are guaranteed. Typically, the payment processing time does not exceed 15 minutes. Exceptions only occur during periods of high network congestion.
The terms inсlude low fees, a good exchange rate, and no hidden charges. The ease of use is ensured by the lack of registration and a simple process that takes just a few steps.
Barry24.com offers a solution for users, providing anonymity, speed, and favorable conditions for any withdrawal.
FAQ
How to withdraw money from a BTC wallet?
Profitable options inсlude using anonymous exchangers, like Barry24.com. Users are attracted by the anonymity, exchange rate, and transaction speed. The minimum exchange amounts start from 0.001 BTC.
Can you withdraw bitcoins for real money?
Yes, digital assets can be converted to fiat on Barry24.com or cryptocurrency exchanges. The exchange of BTC for rubles, dollars, or other currencies is performed with subsequent withdrawal to a bank account. You can receive funds directly to your card to get cash access.
How to cash out Bitcoin?
The fastest method is using Barry24.com and selecting the BTC to cash or card exchange direction. You receive the funds within 10-30 minutes without verification procedures.
Which network should be used to withdraw BTC?
The main networks inсlude the Bitcoin network for standard transfers and the Lightning Network if you need an instant transfer with low fees. Barry24.com supports both options.
What is the BTC transfer fee?
Barry24.com’s fee starts from 0.5%, which is lower than most exchanges. The Bitcoin network fee depends on blockchain congestion and typically ranges from $1 to $5 per transaction.
How to withdraw Bitcoin into cash?
This can be done through Barry24.com with a withdrawal to cash via systems like Contact, Zolotaya Korona, or by cashing out at crypto ATMs with a fee of 3-7%.
How to withdraw from a bitcoin wallet to a Sberbank card?
On platforms like Barry24.com, this requires you to sеlect the exchange direction (e.g., BTC to Sberbank) and enter the card details for crediting the funds. The money arrives within 10-30 minutes with a minimum amount starting from 0.001 BTC.
How to cash out Bitcoin from a cold wallet?
You need to transfer money from bitcoin wallet (your cold wallet) to Barry24.com or an exchange, then exchange it for rubles and receive it on a card or as cash.
How to exchange Bitcoin for cash?
Through Barry24.com. The minimum amount is 0.001 BTC.
How to avoid fraud when withdrawing funds?
Using trusted services with positive reviews and secure websites minimizes risks. Before a transaction, you should verify the platform’s reputation.
What to do if a withdrawal transaction is not completed?
It is advisable to check the status via a blockchain explorer. If there is a delay, you should contact the service’s support team to find out the reasons.
Why might a Bitcoin wallet withdrawal be delayed?