Blockchain Wallet is one of the most popular online cryptocurrency wallets. It does not require downloading or installing applications, allowing you to work directly from the browser. It is quite functional and has a good reputation among millions of users. Today the editors of Profinvestment.com will tell you how to replenish and withdraw cryptocurrency from your Blockchain.com wallet. This is not difficult to do, but there are a number of nuances that you should pay attention to.
Blockchain wallet - how to withdraw coins with a minimum commission
The smallest commission is charged when withdrawing from a Blockchain wallet to another crypto wallet. Withdrawing through an exchange is unprofitable: for example, EXMO charges 40,000 satoshi for withdrawal - by withdrawing a very small amount, you can lose up to half.
Instructions for transferring Bitcoins from Blockchain to another wallet:
- Log in to the service.
- Click the “ Send ” button at the top left of the wallet interface.
- Insert the address where the money will go.
- Specify the transaction amount and select commissions for miners (the lower the indicator, the slower the operation).
- Click “ Continue ” and submit the payment.
The method does not apply to how to withdraw money from a Blockchain wallet to a Sberbank card - outside resources will be required.
What difficulties might there be?
There is a small list of difficulties that may arise when withdrawing funds. It is better to know about them in advance to avoid unwanted problems.
- It will not be possible to withdraw a small amount. There is always a minimum amount that can be withdrawn, for example, 0.005 Bitcoin. An amount that is less than this threshold cannot be withdrawn.
- Sometimes it can be difficult to find a good exchanger with a suitable rate. It takes a lot of time to search. Sometimes it’s easier to use sites that monitor exchange offices.
- Withdrawal of funds may be delayed. The services of exchanges, services and intermediaries do not always guarantee the speed of the transaction. Sometimes the transaction can take a day or even more. Operations will take place instantly only if the service operates in automatic mode.
- Sometimes rates on exchange offices are much lower than real ones. And the sites themselves charge a huge commission, which makes the exchange unprofitable.
Expert opinion
Zolotareva Maria Vasilievna, expert on banking products
One of the most popular methods for withdrawing funds. This is explained by the security of all transactions made through the exchange, the ability to withdraw funds to many payment systems and an adequate exchange rate. And if you still have questions, ask them to me!
Withdrawing money from Blockchain to a bank card
You can withdraw money from Blockchain to a VISA, Maestro, MasterCard card. For this purpose, special exchange services or simply exchangers are used. The main advantage is an unlimited choice of payment directions. The disadvantage is high fees for transferring Bitcoins.
There are many exchangers (the ratings of profitable ones are presented on the BestChange monitoring), but you should use the resources carefully. Only proven platforms that do not deceive users are added to BestChange. If an exchanger is found in another way, it is advisable to read reviews or not risk using the resource at all: a whole generation of scammers has grown up around cryptocurrencies over the past five years.
To get on BestChange, the exchange service must meet a number of parameters:
- $5000 as reserve;
- operating time - from 6 months;
- confirmed accounts in payment systems;
- a certificate no lower than personal (for WebMoney);
- the presence on the main page of an exchange form with a calculator available without registration;
- a unique name, unlike other exchangers;
- working technical support and about 10 more requirements.
All exchangers have a minimum limit, so you won’t be able to withdraw tiny amounts.
We should also talk about private crypto exchangers with an interesting operating scheme. They operate mainly in Moscow, although they are also found in the regions. These are offices where you can come and exchange cryptocurrencies. Exchangers can be public or closed.
To use the closed one, you need to make an appointment in advance and fix the exchange rate. The user transfers Bitcoins and waits for confirmation before withdrawing fiat money.
Using exchangers
Online services work with accounts in different banks, not only Sberbank. This allows you to choose any exchanger that offers a similar deal. If there are not many exchanges, then, on the contrary, there are really a lot of exchangers.
Thanks to this variety, the user can choose any resource, focusing on the favorable rate or the authority of the service. The main thing is that the exchange actually takes place, so it is important to choose the right exchanger.
- Exchanger Xchange. A well-known service that works with rubles. This includes withdrawal of cryptocurrency to a Sberbank card. The exchange will take place in a few minutes after you click “I paid.”
- Exchanger HotExchange. An exchanger that offers the most favorable rate in this direction. But it works in manual mode, so you have to wait at least five minutes for the money to arrive on the card. And the maximum transaction period is 12 minutes.
- Exchanger 365cash. A good exchanger with a high rate and favorable conditions. There are also many options for exchange, not only Sberbank, but also Privatbank and other banks.
| Way | Conditions | Additional service commission |
| In person | – | No, only the commission of the BTC network and the bank. |
| p2p platform | In most cases, verification is required. | Binance P2P: no, only BTC network and bank fees. LocalCryptos (ex-LocalEthereum): yes, 0.25% for the one who posted the ad, 0.75% for the one who responded. |
| Exchange | In most cases, verification is required. | Yes, varies from 2 to 5% depending on the exchange. EXMO: 2.99% + 60 rub. |
| Exchanger | In some cases, simplified verification by email and phone number is required. | Formally, there is no such thing; services make money on exchange rate differences. |
| Third Party Application | – | Trustee: formally absent, the service makes money on the difference in exchange rate. |
Expert opinion
Zolotareva Maria Vasilievna, expert on banking products
Therefore, there is no direct way to transfer money to Webmoney or a card using the Sberbank service. The user, depending on the transfer amount and other factors, selects the option he needs: through an exchanger, stock exchange, etc. And if you still have questions, ask them to me!
Transfer from Blockchain wallet to Yandex. Money
It’s easy to withdraw bitcoins to Yandex.Money through exchangers. Instructions on how to do it:
- Open site monitoring. Select the currency you want to exchange (Bitcoin) and receive (Yandex).
- Select from the list the exchange resource where the rate is most favorable. Pay attention to the number of positive reviews.
- Go to the website. Enter the amount to be given, indicate the sending and receiving details.
- Confirm the operation.
It is necessary to carefully check the details, since in case of an error the funds will not be returned. Bitcoin is not regulated at the law enforcement level, so cases of loss of virtual funds are not considered in court.
Other ways to withdraw BTC from a Blockchain wallet
A review of ways to withdraw money from a cryptocurrency blockchain wallet would be incomplete without mentioning P2P platforms and cryptocurrency exchanges.
Crypto exchanges
Among cryptocurrency exchanges, there are sites that support working with fiat. This is a convenient and cheap method to exchange Bitcoin for dollars or rubles.
First, you need to top up your exchange balance. A number of sites allow you to do this for free, others charge a commission for input. There are commissions for withdrawals everywhere. Please refer to your specific exchange for details.
Information for December 2022:
| Exchange | Deposit fee | Withdrawal fee |
| EXMO | No | 0.005 BTC |
| Gemini | No | No (banking only) |
| Bitfinex | 0.1% (not less than $20) | 0.1% (not less than $20) |
| LiveCoin | From 0 to 8% | From 0 to 2% |
| Kraken | $5–10 | From $0.1 to $5 depending on the bank |
Due to fixed fees, exchanges are suitable for converting large amounts. Bitcoin (BTC) is one of the top popular currencies, so all platforms support the coin. There are problems with the speed of withdrawals on exchanges: if the servers are overloaded, transactions take up to several days.
Brief description of other exchanges with fiat support:
- GDAX. The resource is in English, works for 13 lei. At first, only fiat transactions were supported, but a few years ago they added cryptocurrency. It is among the top ten in terms of daily turnover. It works in Russia, but it’s easier to use from Europe or the USA. Withdrawal methods are limited, mainly to a bank account.
- CEX.io. An exchange with a Russian-language interface that allows you to withdraw funds without account verification. Among fiat money, it supports the following currencies: ruble, dollar, euro and pound sterling. Withdrawals are made to bank cards or accounts.
- YoBit. The site stands out for its large selection of available currency pairs; new tokens are often the first to appear here. The exchange ensures the anonymity of users, which attracts clients.
There is a noticeable trend that large platforms, for example, Binance or Huobi, are focused specifically on crypto. Small ones, in order to attract more users, willingly add the ability to deposit or withdraw fiat.
P2P platforms
LocalBitcoins and other sites are created to search for counterparties who are ready to exchange Bitcoins. You can choose an option based on the Bitcoin exchange rate, seller rating, or specific bank.
To protect against fraud, the platform generates a contract where the user specifies the exchange rate and the desired amount. The funds are blocked on the seller’s balance and are transferred to the buyer when he pays the amount specified in the contract.
There are two ways to conduct a Bitcoin transaction: create your own ad and wait for responses, find a suitable seller and respond yourself.
There is also a phenomenon called “ OTC providers ”. These are agents who, outside the exchange, “bring together” buyers and sellers with each other, charging a commission for the service. The method is popular among traders who need to withdraw large amounts.
OTC providers target serious investors who need a trusted intermediary or broker for transactions because they do not have the desire or ability to personally participate in the transaction. Some brokers openly publish reports on their transactions; however, it is not possible to accurately calculate off-exchange trading volumes.
Advantages of OTC providers : the broker does everything himself, you don’t need to delve into the intricacies of trading to withdraw money. There are no restrictions on the amount of funds. Disadvantages: the method is available to a few - usually providers undertake to withdraw amounts of at least $50,000. Security suffers, since you have to put the funds in the hands of one person (company).
How and where to store cryptocurrency
There are several basic options for how and where to store your cryptocurrency. Wallets differ in the way they store private keys, their interface, and the platform on which they operate. Five common categories and their features:
- Web (online) services. No download required, works in the browser. The advantage is that if you know your login and password, you can access your wallet from any device. Private keys are stored on their servers, so the user does not need to ensure their security themselves. As a rule, they are multifunctional, have a built-in exchange mechanism and low commissions.
- Desktop programs. Such wallets must be downloaded and installed on your computer. In this case, the keys are also stored on the user’s computer, which eliminates the need to trust a third-party service, but at the same time places increased demands on the security of the computer as a whole, protection against viruses, etc.
- Mobile. Services presented in the format of mobile applications. They can either store the keys themselves or provide this opportunity to the user. The main advantage is the ability to quickly access funds at any time, anywhere. Many wallets allow you to connect biometrics, that is, limit access using facial recognition or fingerprint.
- Hardware. They are external USB equipment onto which keys for accessing funds are written. When you need to make an outgoing transaction, you need to connect the wallet to your computer, but the rest of the time it is stored without access to the Internet, which increases security. In case the device is lost, it is additionally protected with a PIN code.
- Paper. With the advent of hardware wallets, this option began to become obsolete, but has not yet completely become obsolete due to its free nature. Essentially, this is a printout of keys for the same purpose - storing them off the Internet.
Today we will talk about ways to withdraw funds from the well-known service Blockchain.com. This is one of the oldest wallets with a good reputation.
