Best Cryptocurrency Exchanges – In addition to the fee structure, withdrawal limitations, and accessibility and support, it is important to consider other aspects, like the cryptocurrency exchange’s support and the level of security. It is also possible to listen to crypto experts and get their thoughts on the matter. With this in mind, here are some options to convert cryptocurrency to fiat currencies.
Cryptocurrency Converter Tools
1. DigitalCoinPrice
DigitalCoinPrice is one of the best cryptocurrency converter tools to convert such as convert 100 BTC to USD and many more. It gives you a fresh and accurate answer for the given input. So, you can use a 100 BTC to USD converter for your conversions.
2. Bitstamp
Bitstamp is a favored cryptocurrency converter tool for many due to its no limit on the amount of money that can be withdrawn. This makes it an excellent choice for you if you often withdraw large amounts of cash.
There’s a 0.1 percent fee for international withdrawals but the minimum charge is $25. It’s worth it if you’re looking to withdraw a large amount. Obviously, there are many beşiktaş escort exchanges with less fees however, those who would prefer to build credibility and reliability won’t need to go for another exchange.
You can withdraw fiat currency in USD CHF, EUR, AUD, and GBP. JPY, and CAD. Bitstamp accepts cryptocurrencies, such as Bitcoin, XRP, Litecoin, Stellar Lumens, SAND, and many more.
Pros:
- Interface that is user-friendly
- 24/7 customer support
- Different methods of deposit and withdrawals
Cons:
- The list of supported currencies could be extended
3. CEX
CEX boasts that it is an authentic and safe platform for trading in crypto purchasing, selling, and much more. You can choose from a variety of options for withdrawals, including Visa, Mastercard, PayPal Sepa, and ACH. For certain payment options, such as S.W.I.F.T. and Sepa, you’re able to withdraw funds indefinitely. The fees charged by service providers for withdrawing your crypto coins differ based on the payment method. For example, Visa card withdrawals entail a service charge that can be as high as 3 percent plus $1.20.
One benefit of the use of CEX can be that it can support an array of cryptocurrencies. In addition, you can withdraw fiat currencies like USD, EUR, GBP as well and RUB. There are a few exchanges that allow withdrawals from RUB therefore when you are planning to withdraw your funds from RUB, CEX may be the best choice. In general, withdrawing funds via the CEX platform is fairly simple and fast.
Pros:
- Secure and reliable security measures
- Not only to be licensed in the US but also in other regions of the world.
- Allows users to earn cryptocurrency through crypto staking
Cons:
- Not the most user-friendly option for those who are first-time users.
- More verification is needed to increase users’ limit on deposits and withdrawals
4. Kraken
Kraken can also be a popular exchange for the conversion of your crypto to fiat due to its large withdrawal limit. The amount you are able to withdraw will be contingent on the level of verification you have. There are four levels of verification including express, starter intermediate, pro and. To increase your deposit or limit on withdrawals, you’ll have to provide various requirements and documents.
Submitting your email address, full name, birth date, phone number, and address will give you the basic level. Adding the social security numbers along with details about your work will allow you to increase your status of starter up to express. In addition, providing an acceptable ID and proof of residency along with providing a picture of your face indicates you’re in the intermediate stage. Customers who wish to be authenticated to the Pro level have to complete a KYC questionnaire and also enable two-factor authentication.
Kraken Exchange
In the Express level users can withdraw the ability to withdraw daily and monthly, with a maximum of $9000. Intermediate users are able to withdraw $100,000 daily and $500,000 per month. Additionally, Pro customers can withdraw $100,000,000+ in a month.
Kraken has a broad range of altcoins. This provides it with an advantage over other exchanges. It is possible to withdraw currency that you have such as USD, EUR, GBP, and CAD as well as CHF, JPY, and AUD. The time to process depends on the option you select which ranges from instant withdrawal up to five days. Fees for withdrawals can also differ.
Pros:
- The wide variety of cryptocurrencies that are supported (100+)
- Operates in more than 190 countries
- Excellent for traders with advanced skills
Cons:
- Slow, extensive verification
- The withdrawal minimums are generally high.
5. Okcoin
Okcoin has been in operation since 2013 and is expanding mainly throughout North as well as South America. It was first introduced in China however, due to the ban placed on crypto in China It was able to expand its operations to other countries instead.
What is unique about Okcoin its edge is that it permits users to transfer, trade, and withdraw funds in currencies that aren’t accepted through other exchanges. The fiat currencies that Okcoin supports include USD, EUR, SGD, and BRL. If you’re planning to convert your crypto to US dollars through ACH it’s free of fees for withdrawals and the minimum withdrawal amount must be $10. The speed of transactions ranges between one and five business days, depending on the payment method you’ve selected.
Pros:
- The app is designed for beginners and professionals alike.
- Fees for trading that are competitive
- User-friendly
Cons:
- Limited crypto assets
- Limited languages supported
6. Coinbase
Coinbase is generally recommended for newcomers to the field that require conversions between fiat and crypto. However, it charges rather high charges for the transfer of funds from crypto to fiat. Conversion fees in crypto vary between 0.50 percent to 2percent.
Coinbase accepts fiat currencies, like USD, EUR, and GBP. Every time you withdraw money from the funds, you must pay a network charge of 1.1%.
Coinbase has a rigorous verification procedure. In order to sign up with Coinbase Pro (which has a withdrawal limit of $50,000 per day) you must present at minimum two government-issued documents to prove your identity. It is not the case that everyone will be willing to follow this. But, Coinbase is still a feasible option to cash out your crypto-currency funds, due to its outstanding reputation and straightforward but efficient interface.
Pros:
- Vault protection is a feature that provides security
- Also available for iOS as well as Android
- Maintains crypto insurance
Cons:
- Steep fee
- Limited altcoins
7. CoinSmart
CoinSmart is regarded as the best choice for the conversion of cryptos to fiats particularly Bitcoin to fiat when withdrawing through a bank account. With CoinSmart you will receive an immediate payment.
At the time of writing this article, the platform is supported by 16 cryptocurrencies, which include Bitcoin, Ethereum, Litecoin, USDC, Stellar Lumens, Cardano, and Solana. It can also support fiat currencies, such as USD, EUR, and CAD. For bank wires as well as electronic fund transfers there is a fee of 1% ($15 for a minimum). Electronic funds transfer: you are able to withdraw a minimum amount of $50, and up to $15,000. Bank wires have an upper limit of $10,000, and up to $5,000,000. The processing speed could take between one and five days.
Pros:
- Rapid confirmation
- Low trading fees
- 24/7 customer support
Cons:
- Limited crypto assets
- Fiat currencies that are limited and supported by the government
8. Coinmama
Coinmama is suited for both the conversion of fiat to crypto and cryptocurrency. It only supports Bitcoin cash-outs. You’ll need to convert your other cryptocurrency into Bitcoin first before you can cash out your previous.
Coinmama accepts 10 different cryptocurrencies which include Bitcoin, Ethereum, Ripple, Cardano, EOS, and Litecoin. One benefit when the use of Coinmama is the fact that it does not charge any additional charges for withdrawals or deposits.
Pros:
- Verification process streamlined
- No additional fees for withdrawals
Cons:
- Fees that are comparatively higher
- There isn’t a built-in cryptocurrency wallet
