Frequent question: How do I cash out my Blockchain wallet?

Can I withdraw from Blockchain to my bank account?

Originally Answered: Can I withdraw from Blockchain to my bank account? Yes, it’s the only way. You can’t “withdraw” bitcoins into your bank account, any more than you could “withdraw” a car into your bank account. You have to sell them in exchange for money, and then you can deposit the money in your bank account.

How do I withdraw money from Blockchain wallet?

If you have a linked Blockchain Exchange and Wallet account and you wish to move your funds to your Blockchain Wallet, you can simply select My Blockchain Wallet as your destination address. Enter the amount you wish to withdraw along with your Two-Factor Authentication Code to withdraw your funds.

Why can’t I withdraw money from Blockchain?

To protect your account and to ensure the integrity of our trading system, we may place a hold on funds leaving the platform – particularly if you purchases crypto using a card or if we detect abnormal activity or security concerns with your account.

Can I transfer money from my bitcoin wallet to my bank account?

Usually, you’d need to send your bitcoin from your wallet to either an exchange that deals in fiat and sell it to transfer bitcoin to your bank account. … If it is a more exotic crypto, you’d need to turn it into bitcoin or ether. Sell the crypto for your preferred currency. Withdraw to your bank account.

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What is a Blockchain withdrawal?

A crypto withdrawal is a transaction that allows you to move your cryptocurrency balance off the Revolut platform to an external crypto wallet that you control such as a Ledger or a Trezor. This is an ‘on-chain’ transaction, meaning that your crypto is transferred via the blockchain.

How long does it take to withdraw from Blockchain?

Your account will be credited instantly in most cases, but can take 2-4 business days — once credited, you can sell, swap or start earning rewards straight away. If you’d like to send or withdraw your funds, please wait 14 days for us to receive your funds and the holding period to be lifted.

How can I transfer money from Nigeria Blockchain to bank account?

To withdraw bitcoin into your bank account, simply rush to the home page and click on “More” under your BTC balance. Click on an option termed “Instant Sell”, put in the amount you want to sell in naira or in BTC, and confirm the amount. After confirming the amount you continue.

How do I transfer money from Blockchain to cash App?

To do so:

  1. Tap the Bitcoin tab on your Cash App home screen.
  2. Tap the Airplane button.
  3. Choose send Bitcoin.
  4. Enter the amount and the recipient’s $Cashtag.