When you invest in bitcoin, keep in mind that there are many ways to do so. For one, you could simply convert a set amount of cash into bitcoin. Then, the value of your investment will track the market exchange rate between your original currency and bitcoin. Here are three steps to help you get started using Bitcoin Cash right now: Step 1: Download a bitcoin wallet. A Bitcoin wallet is an app or program that allows you send and receive BCH.

There are several ways to convert bitcoin to cash and ultimately move it to a bank account: Sell bitcoin on a cryptocurrency exchange, such as Coinbase or Kraken. This is the easiest method if you want to sell bitcoin and withdraw the resulting cash directly to a bank account. You can process payments and invoices by yourself or you can use merchant services and deposit money in your local currency or bitcoins. Most point of sales businesses use a tablet or a mobile phone to let customers pay with their mobile phones. The most common and usually easiest is to buy Bitcoin on a marketplace. But you can also sell a product or service in exchange for Bitcoin. The third way is to earn Bitcoin through Bitcoin Mining. Then you install software on your computer to verify transactions and get rewarded with Bitcoin.

How to cash out Bitcoin to Fiat: a review of various methods and a manual. How to transfer money out the crypto exchange accounts and wallets by means of exchangers and payment systems

Cryptocurrency exchanges, cloud services, exchangers, payment systems are all engaged into a huge network, called the Cryptocurrency Universe. Applications and wallets, bank cards, accounts of the digital networks, like WebMoney or Perfect Money, all of them make up a system of depositing, exchanging and withdrawing the money. From this review, you will learn how all market participants interact, how to withdraw Bitcoin from the wallet, and if there are any alternatives to the exchanges and wallets.

How to cash out Bitcoin from the wallet

Cryptocurrencies are getting more and more popular as a trading instrument, and there are appearing more and more mediators in the crypto market. The difficulty in the interaction between all market participants is that there are no common rules and no common standard. Each crypto exchange works only with certain payment systems; each exchanger supports only a certain set of cryptocurrencies. The way of depositing and withdrawing the money can sometimes be so complex that investors lose much money due to the commission fees, to say the least. There is no standard scheme how to withdraw Bitcoin from a wallet or an exchange account, because the rules in the crypto exchanges are changing all the time: new schemes are appearing, the commissions are changing, and so on. I’m going to suggest a general manual how to withdraw Bitcoin to the bank card; you are welcome to enrich and extend it in the comments.

How to withdraw BTC to bank card and convert it into Fiat currencies

It can seem that it is more reasonable to describe the way of depositing money, rather than withdrawing it. Before you cash out your cryptocurrency to Fiat, it should be somehow deposited into your trading account. And so, it is the easiest to withdraw it in the same way as you deposited it. But, in fact, it is not that simple. First, it is far easier to deposit the money than to withdraw it. For example, you can transfer a payment of almost any appointment from your credit card, but you can’t receive it. Second, the cryptocurrency may be added to the wallet as a result of mining. That is, there hasn’t been the account depositing, in fact.

First, I’ll describe a general scheme of the relationships between all crypto market participants. There are two ways of storing your coins:

• Wallets. They are a kind of application, software that is installed on a computer. Cryptocurrency is a kind of code that will be recorded in the application (it is a very simplified outline). There are also online wallets, placed on different services, but you’d better utilize only cold ones, downloaded from the official website of the cryptocurrency developers.
• Accounts on crypto exchanges. An investor is registered and verified on an exchange and tops up the deposit, depending on the options, available on the exchange. For example, you can just transfer Fiat money from your credit card to the banking details, provided by the exchange. Or, you first transfer it to a digital wallet (WebMoney, Perfect Money etc.), and from the wallet, you transfer it to credit card or cash out via a currency exchange store.

How you can withdraw Bitcoins:

• Transfer it from exchange to wallet;
• Transfer it from exchange or wallet to credit card via exchanger;
• Transfer it to card through the exchange;
• Transfer it from the exchange or a cold wallet to an account in digital payment systems.

How to transfer Bitcoins to Blockchain Bitcoin Wallet

Blockchain (Bitcoin Wallet) is a Bitcoin wallet, proved by time, that allows storing Bitcoins outside the exchange, on your desktop or a mobile gadget. The first step is creating the wallet:

• go to the official website of the wallet, blockchain.com;
• select the operating system, you are going to install application to;
• click “Create new Blockchain wallet”, enter your email address and the password.

You now have the wallet. I’ll describe how to transfer your Bitcoins to the Blockchain wallet on the Exmo example:

• Convert all the cryptocurrencies, you hold on the exchange, into Bitcoins
• In the section “Wallet”, by BTC, click “Withdraw”, fill in all the forms, entering your wallet address.

Exmo and other exchanges also provide withdrawing the money to digital wallets or directly to a cash card. For example, before you transfer Bitcoins to the bank card, you need to exchange them into U.S. dollars or the currency you need; next, you choose the withdraw method, Visa/MasterCard, and enter the card information. After the transaction has been formed, you’ll receive the confirmation email. The money will be transferred to your card in the period from a few hours to three days since the confirmation.

How to transfer Bitcoins from the Blockchain wallet (Bitcoin Wallet) to the card via exchanger

You can cash out cryptocurrency from the cold wallet with any e-currency exchanger; there are a few hundreds of them. That matter is how to avoid scammers and reduce commission costs. I suggest you use the monitoring website bestchange.com. It provides a list of reliable exchangers with the comments by real investors.

How you withdraw BTC to the card:

• On the left panel, you select a cryptocurrency to withdraw and a particular direction: Visa/MasterCard, QIWI, etc. On the left panel, there will be the list of exchangers that support the transaction.
• On the exchanger website, you check the reserve available (if you exchange BTC fro another cryptocurrency) and study the FAQ section.
• You select the exchanger, based on the following parameters: commission fees and exchange rates, official ranking of the exchanger wallet (BL - for WebMoney, TS - for Perfect Money), the mode of exchange (manual, semi-automatic, automatic), and go the website of the exchanger.
• You must register on the site. Next, you enter the account number or the card number, the money is to be transferred to.

The transaction speed is different. A fast or instant transaction is considered to be within 10-15 minutes; but it may take a few days. By the way, this monitoring provides withdrawing money through exchangers directly from EXMO, avoiding wallets.

How to transfer Bitcoin to a cash card, Visa, MasterCard, and digital wallets

The most common E-wallets are: WebMoney, Qiwi, Perfect Money. You transfer cryptocurrency to e-wallets in the same way as to cold wallets or cards. The differences are whether you need verification at the moment of withdrawing or not, the commission amount and whether an exchange (or exchanger) provides it. The same is with cash cards. On the website of an exchange or exchanger, you select the corresponding option and enter the banking information.

Conclusion. All these methods are quite easy. When you have just learnt about the schemes of the money transfers, you may be confused; but exchanges, exchangers and wallets provide a clear interface, simple, intuitive navigation and instructions for converting. And the general scheme of cryptocurrency withdrawing has been described in the article. But there are still some difficulties, you will sort out after some practice:

1. The more mediators are in the network the higher the risk is to lose your money:

• Before you transfer the cryptocurrency from the Bitcoin wallet, find out, whether it is available in the payment system itself. For example, PayPal often blocks any transactions in cryptocurrencies. At best, the payment won’t be transferred to the card; at worst, the entire account will be blocked.
• Check the reliability of the exchangers, you work with. Scammers often pretend to be exchange services. Investors transfer the money, but they don’t get Fiat for various reasons. It can be the topic of a separate article, how to choose the right exchanger.
• Remember, that crypto exchanges’ accounts can be hacked, or there can be a network failure. And there is nobody to address; there are no courts, regulators or ombudspeople in the cryptocurrency world.

2. The more there are mediators, the more commission fees are. Wallets, exchanges and exchangers work with a certain number of partners. For example, to transfer the money to the card, you may need a chain, like “Exchange- Exchanger A - Exchanger B”. There is often a problem of not how to withdraw Bitcoins from a wallet, but how to do it with minimum risks and costs.

A far more convenient alternative is trading cryptocurrencies in Forex. Brokers usually provide over 12-15 methods to withdraw the money without any side intermediates. Even though, brokers don’t provide withdrawing real cryptocurrency to the wallet, this option is still more reliable and less costly, in terms of commission fees. I suggest you study it in more detail, reading the terms for trading major cryptocurrency pairs on LiteForex website. Crypto exchanges, wallets or Forex: what would you chose for investment?

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

Bitcoin and cryptocurrency in general are deemed as pretty secure, but sometimes unexpected things can happen. Even experienced traders have had cryptoassets lost or stolen. And until recently, it felt like there was very little one could actually do about it. The good news however is that there are ways to recovery your scammed or stolen cryptocurrency back.

We will be looking at the top ways to recover your scammed or stolen bitcoin cryptocurrency, as well as funds lost to binary options forex and other forms of investment scam! Two of the best and most recommended bitcoin and funds recovery experts that specialize in recovering scammed bitcoin, stolen cryptocurrency and money lost to binary options or forex are;

1. Express Recovery Pro – expressrecoverypro@yahoo.com
2. FundsRecovery247 – info@fundsrecovery247.com // www.fundsrecovery247.com

Steps to Recover Scammed Bitcoin or Stolen CryptocurrencyAct Immediately: The quicker you can act, the better. The longer you wait to start tracing your scammed crypto, the more time you give thieves to transfer your assets to cold storage, send them to sketchy exchanges, or to tumblers to mix them up. The more sophisticated you are, and the less sophisticated the thieves are at laundering the assets, the better chance you have. If the funds are in an exchange, you’ll need to contact them and ask them to freeze your assets. This will definitely buy you some time.

Get Legal Assistance: For the legal system to actually work in your favor, you will have to know who stole your cryptocurrency. While you may be able to freeze funds against a John Doe, it may be quite challenging. In general, to enforce an order requiring fraudsters to pay damages or handover stolen property, ultimately you’ll need to know who they are.

One of the many good benefits of cryptocurrency is that you can see where the coins went. If they go through an exchange, you’ll most likely be able to find out who the wallet holder is thanks to the KYC process. From there, you can get an order to reveal the thief’s identity and recover your stolen crypto.

Recover Lost Crypto from a Cold Wallet: Cold wallets are offline wallets that are designed for storing cryptocurrencies. With cold storage, the digital wallet is stored on a platform without internet connectivity. This protects the wallet from cyber hacks, unauthorized access, and other vulnerabilities that could be exploited if they were connected to the internet.

3 Ways to Recover Crypto from Cold Wallet

• Encrypted Devices: Encrypted phones and laptops work like cold wallets, so that you can safely store and access your private key information. Like cold wallets, you can retrieve lost information through professional help.
• Paper Wallets: If you have a paper wallet, consider storing it in a vault or safety deposit box. That way, you’ll literally have a physical backup of your key information. This is a pretty old fashioned way of doing things, so maybe consider other options first.
• Pen Drives/Hard Drives: While this is a very secure way to store your coins, retrieving your data from them should they be damaged or corrupted is a timely and expensive process. You’ll definitely need a professional to do this.

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Crypto Scams are becoming more and more frequent as Crypto Scammers are focusing on gaining new clients through social media. It is more difficult to recover funds if you paid using cryptocurrency but there is still hope. Here is an understanding of the Crypto world and what you can do to recover your money.

When it comes to recovering stolen funds, you can always trust Express Recovery Pro – expressrecoverypro@yahoo.com and FundsRecovery247 – info@fundsrecovery247.com to deliver to your satisfaction. Both companies specialize in recovery bitcoin and cryptocurrency from cryptocurrency scams, fake or fraudulent brokers, Ponzi scheme etc. They both offer the best in terms of assets recovery, and are both approved by crypto exchange commissions.

Recover Money from Binary Options Forex Scam Broker

Due to the ubiquitous nature of binary options and forex scam and the damage it inflicts on consumers, a growing number of countries have banned binary options trading by retail investors. In 2018 the European Union (EU) enacted a temporary ban as well, which has since been renewed on an ongoing basis. In addition, Google and Facebook have ceased accepting ads linked to binary options sites.

How To Get Money From Bitcoin Address

These actions, as welcome as they are, merely encouraged many operators of phony binary options sites to re-brand them as online Forex brokerages and even as private banking firms. Our duty is to assist you to recover back your money by using techniques we have mastered over the years with the aid of seasoned professionals to help you out.

How to Recover Money Lost to Binary Options

Challenging binary options brokers can be very complex and mistakes can cost you. Our recommended recovery experts; Express Recovery Pro and FundsRecovery247 analyze your case and assist you on how to recover your money from online binary options scams and fake binary options company, forex broker or individual.

In the first two decades of the 21st century the internet became Ground Zero for binary options scams and binary options fraud. Perhaps you were first attracted to their website by a pop-up ad, or a social media post. You clicked and found an attractive, professional -looking presentation promising you:

• A quick, profitable return with an immediate bonus
• An easy-to-manage online binary options platform

While legitimate, government-regulated online brokerages do exist, there many more unregulated firms – especially those offering binary options – whose business models are built on swindling unsuspecting and inexperienced investors over the internet.

When it comes to recovering money lost to binary options, your best options is hiring a funds recovery expert. We recommend these two most tested and trusted funds recovery experts;

1. Express Recovery Pro –expressrecoverypro@yahoo.com
2. FundsRecovery247 –info@fundsrecovery247.com OR www.fundsrecovery247.com

And unlike other wealth recovery services, who will often keep you in the dark and leave you constantly trying to figure out what is going on and what to do, these two recovery experts keep you fully in the loop at all times.

How to Recover Money Lost to ForexOne of the first things that a forex trader should realize is that they will end up losing soon or later. It’s part of the forex trading business.

A trader’s aim is to maximize gains while minimizing losses but the system is such that eventually, a trader will lose. A veteran forex trader knows that he or she will experience their fair share of losses but amateur traders can get discouraged very quickly, especially if they end up losing a significant sum of cash.

How To Get The Money From Bitcoin

Here are a few tips on how new traders can bounce back from their losses.

The Immediate Response: The first thing that a trader should remember is not to panic. Losing a big trade does not mean that they will lose everything. The key factor is to try and minimize the loss.

Learn From Your Mistakes: After the loss, it’s time for a trader to understand what happened. When it comes to losses, there are two main reasons why a loss generally happens. One is an emotional loss. There is also a normal loss. This is just pure statistics.

How To Get Money From Bitcoin Machine

Take Ownership: The next step is accepting the loss. This is where the trader assess exactly how much damage was dealt to their finances and how they should move on from the failure.

Hiring is a fund recovery expert is the best way to recover from forex losses. You can also hire a funds recovery expert to recover scammed or stolen cryptocurrency and money lost to binary options forex, bitcoin scam recovery, recovering from online trading scam. Our two recommended recovery experts are;

How To Get Money From Bitcoin Wallet

1. Express Recovery Pro –expressrecoverypro@yahoo.com
2. FundsRecovery247 –info@fundsrecovery247.com