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How to cash out bitcoins in Russia

In November 2013, when bitcoin made its historic take-off and crossed the threshold of $ 1000, crypto currency interested in wide sections of the population. Since then, almost all types of digital cash continue to grow in price, and the number of those who want to get the treasured coins increases exponentially.

A lot has been said about the prospects of this money; their owners are often interested in the question of how to turn their savings into quite real bills. In our country, the attitude to bitcoin is not exactly defined: they are not prohibited (although earlier the Government and the Central Bank have made calls to treat them with great caution), but they are not completely legalized. For this reason, they will not be able to cash them out for one visit to the bank or click with a mouse; will have to operate in a roundabout way, and the whole process will consist of several operations. Let’s look at the basic ways to cash out btc.

Exchanges and exchange offices

There is a fairly large number of online exchanges, and the difference in rates can be very significant. To choose the most advantageous offer, you can use the service bestchange.ru or other similar resources that monitor the exchange rates.

bestchange

Having chosen the exchanger, fill out the simple online form, specifying the address of your wallet, the amount and the card details for withdrawal of funds. The system will recount the digital coins into rubles; if you are satisfied, confirm the payment and wait for the transfer.

If you decide to exchange bitcoins through the exchange, pay attention to:

  • its reputation and reviews.
  • amount of commission for exchange.
  • the minimum amount to make an exchange.
  • period of transfer.
  • rate against the ruble.
  • then, where exactly money is transferred.

Most often the funds are credited to Yandex Money, Kiwi or other electronic resources. In this case, to get cash, they need to be withdrawn once more, which means that you must wait for some time again and pay a commission.

Wirex

Not so long ago, on the expanses of the network, a new unique service Wirex, combining the block system with the classical monetary system, appeared. To withdraw money from you, you only need to order a card (real or virtual), and also link your wallet to it.

Wirex

Wirex looks exactly like any ordinary bank card, and is compatible with Visa and Master Card payment systems. True, you can not keep money in rubles in it; base currencies are the British pound, the dollar and the euro. An additional advantage: you can pay off this card in Russia and anywhere in the world – even where no one accepts bitcoins. The system automatically removes the required amount of bitcoin and converts them into dollars, euros or pounds.

For those who want to sell and buy bitcoin Wirex is actually an intermediary between counterparties; The service searches for the best offers and brings them together.

It does not need to involve any banks, which makes the exchange more profitable for both sides. When it is impossible to find suitable applications, the BitPay processor will be used.
In addition, Wirex reduces the cost of making transfers with different currencies and in different countries. Conversion is made through crypto currency, that is, first the currency of the sender of payment is transferred to bitcoins, and only then it is converted into the currency of the payee; this process takes a few seconds.

WebMoney

In Web Money system there are special WMX purses that you can use for btc.How to withdraw money from there quickly does not work: first you need to convert them into currency – for example, in dollars. It should also be noted that these operations are available only to the owners of the personal certificate Web Money (how to get it – a separate story), and to withdraw money to the card you must first bind it to your wallet. In addition, the system takes a fairly large percentage for converting and withdrawing funds.

WebMoney

But you can not quickly withdraw money from there: first you need to convert them into currency – for example, into dollars. It should also be noted that these operations are available only to the owners of the personal certificate Web Money (how to get it – a separate story), and to withdraw money to the card you must first bind it to your wallet.

In addition, the system takes a fairly large percentage for converting and withdrawing funds.

The method is legal, but not easy and quite expensive and requires careful analysis of costs at each stage.
Residents of Ukraine can transfer their btc to the Privat Bank card (in UAH) using the btcbank exchanger.

Difficulties and problems

Users of digital cash dealing with their virtual coins do not have any state guarantees, and this should not be forgotten.

Do not resort to the services of untested sites and other services, even if the proposed terms seem to you the most attractive.

The costly exchange and withdrawal of funds is another problem faced by owners of electronic cash. However, there are services on the network that, on the other hand, pay extra 2-5% for the transfer of bitcoins themselves – because they need crypto currency, not phiatic money.

Despite all these difficulties, it is quite possible to translate your btc into real bills. The main thing is to be careful and choose the most reliable resource with the most profitable course for you.