How to exchange cryptocurrency for rubles

2024 Author: Malcolm Clapton | [email protected]. Last modified: 2023-12-17 03:44

With this instruction, you can easily withdraw cryptocurrency to a bank card or other convenient payment system.

The Internet is full of detailed manuals on how to buy cryptocurrency, download a wallet, register on an exchange. But what if a miracle happened and the coin that you “held” for a long time started to grow?

There are several main ways to withdraw cryptocurrency in Russia:

• through an exchanger or payment systems;
• through some crypto exchanges.

But which option should you choose so as not to lose a significant amount on commission? There are three main criteria to look out for when withdrawing funds:

• Benefit. The withdrawal should take place at a favorable rate and with a minimum commission.
• Security. You need to study the reputation of the site that you plan to use.
• Convenience. It is desirable that the method be quick.

How to withdraw cryptocurrency through an exchanger

It will not be possible to withdraw cryptocurrency directly from the exchange to Visa or MasterCard, for this you need to use the exchanger. There are many exchange offices on the Internet, and each sets its own exchange rates, constantly adjusting them.

Choosing a reliable cryptocurrency exchanger

Today, there is a wide selection of exchangers on the Web, but not all of them work honestly. Reliability can be assessed by the following criteria:

1. The exchanger must operate for at least a year.
2. Check the reviews: a lot of negative reviews should alert you.
3. The speed of exchange is very important: the situation on the market can change in a day, and your deposit can lose a lot in value.
4. A wide variety of cryptocurrency pairs are offered.
5. The available reserve is also very important: it is desirable that it reach 100 thousand dollars or more.
6. The site and technical support work around the clock, failures and technical malfunctions are rare.

To protect yourself as much as possible, choose exchangers that are hosted on aggregator sites. For example, BestChange, YChanger, Kurses.com. They collect information on different exchangers, their reserves, the number of currency pairs, as well as user reviews.

Cryptocurrency withdrawal algorithm

1. Visit the official website of the exchanger.

2. Register and go to your personal account.

3. Select the direction: the tokens between which you want to exchange.

4. Fill out the application: enter your email, wallet details, cards and other requested information.

5. Wait for the receipt of funds.

An example of withdrawing a cryptocurrency using an exchanger

For example, let's withdraw Ethereum (ETH) to a Sberbank card. To do this, open the BestChange main page and select Ethereum and Sberbank in the left half.

In total, 87 exchangers operate on this pair (at the time of this writing). We choose the exchange office with the most favorable rate and the minimum suitable for you. Having chosen, we go to the exchanger's website. Let's say we need to exchange 1 ETH, and the 365Cash exchange office may be suitable.

We enter the amount of cryptocurrency we need and the card number. In the next window, fill in the personal data of the owner of the latter.

After you fill in all the fields and confirm the correctness of the information entered, you will go to the page with the exchange request. The address to which you need to send the required number of ETH will be indicated there. After all confirmations, which take an average of half an hour, you will receive money on your card.

How to withdraw cryptocurrency through cryptoexchanges

The first cryptocurrency exchanges did not delight users with wide functionality. It was possible to deposit and withdraw money only through an electronic wallet. Over time, some sites began to open the deposit of money in euros and dollars and add pairs with real money. The growth of the market led to increased competition, and some sites began to add pairs with the Russian ruble in order to attract the large Russian crypto community. However, the choice of exchanges is still limited. At the time of this writing, such a service is offered by EXMO, Yobit, Livecoin.

An example of withdrawing cryptocurrency from the exchange

Let's look at how to withdraw cryptocurrency in rubles from the Yobit exchange using the Platincoin (PLC) coin as an example.

Please note that no more than 15,000 rubles can be withdrawn by a one-time payment to the card. In addition, different payment systems will have different withdrawal fees:

• AdvCash and Capitalist - 4%.
• Payeer and QIWI (maximum - 15,000 rubles) - 7%.
• Yandex. Money (maximum - 15,000 rubles) - 8%.
• Visa / MasterCard (if you make several payments, maximum - 75,000 rubles) - 8% + 70 rubles.

We go to your personal account on the exchange and open the "Balances" section (it is easy to find it in the top menu bar).

Now we register the PLC ticker in the search bar in order to find the desired coin. As soon as we see the PLC line, click on the "+" sign to transfer the cryptocurrency to the exchange for further sale for rubles.

After clicking on "+", the address for replenishing the PLC, generated by the exchange, will open. Your balance will be stored on the wallet.

After you transfer the cryptocurrency to the exchange, in the same window you can follow the enrollment process. When the transaction receives the required number of confirmations, Platincoin will be credited to your balance.

So, our transaction received all confirmations, and now there are 5 PLCs on the balance. To sell for rubles, you need to select RUR in the market window and write PLC in the search bar (everything is as in the screenshot).

By clicking on the PLC line, we will immediately go to the trading page, where you need to indicate the amount of Platincoin that we are selling. Please note that you can adjust the value at which you want to sell the cryptocurrency. Of course, there is no need to hope that if you assign an amount that exceeds the market value, you will immediately find a buyer. If you don't want to wait, sell at current market value.

So, we sold one PLC, and rubles appeared on our balance sheet. Now we can display them.

To withdraw, we again need to go to the "Balances" section, but opposite the RUR ticker, click not "+", but "-".

A menu will drop out with options where you can withdraw rubles. Let's consider the withdrawal to Yandex. Money.

In the window that opens, you can specify a specific amount or use the Max button and withdraw all available money.

Now you can easily transfer cryptocurrency to rubles. With this instruction, you will not have any problems with withdrawing money to a card or to another payment system.