Where to cash out bitcoins. Benefits of official WebMoney exchangers

Cryptocurrency cashing out — not less than milestone interactions with digital world than trading or mining. Digital assets would not gain such value and popularity if their conversion into fiat currencies was impossible. You can cash out bitcoins in rubles different ways. Consider the most common methods.

How to cash out bitcoins in Russia

Most easy way converting bitcoin to fiat - cashing out through cryptocurrency exchanges. Why is it the lightest? Because the majority of users who are interested in withdrawing money already have verified accounts on exchanges, and it is enough for them to find a suitable “coin / USD” currency pair, after which it will be possible to transfer fiat to a card or electronic payment service. Consider the example of the EXMO exchange.

• If the transfer to the card exceeds 3000 rubles, you will have to pay a commission of 4.5% and 50 rubles fixed. This requires account verification.
• If withdrawal is made to online wallet(for example, QIWI), you need to pay a commission of 1%. In addition, the ATM commission for plastic qiwi cards is 2%.
• The most attractive in the list of possible withdrawal platforms is AdvCash, which does not charge a commission. But a trick awaits users when working with an ATM: an order plastic card- $7, commission for converting into rubles - 3%, fixed commission - $3.
• You can also cash out bitcoin into rubles through online exchangers (EXMO has a built-in exchanger). The advantage of this exchange is the presence of its own internal currency EX-CODE, designed to exchange funds without commission. This currency is supported by many external exchange offices, which allows you to save on the absence of a commission from the exchange. This method is suitable both for the exchange "person-to-person" (p2p), and for specialized exchange offices.

How to cash out bitcoin through exchangers

Exchangers are used in cases where exchanges do not support the withdrawal of fiat to a bank account or EPS (electronic payment systems). Then they take on an intermediary function between users and payment systems. For example, you need to make a payment to a Yandex.Money card, but EXMO does not work with this EPS. The exchanger in such a situation will allow you to make a direct transfer to the card. It is very important to check the exchanger before carrying out the operation: look at the reviews (the bestchange service and other thematic forums can help here), make sure there is an exchange point and execute test translation minimum amount. However, transfers through similar services often accompanied by a deliberately unfavorable exchange rate.

Consider the features of bitcoin cashing out through the 60cek.com exchanger.

1. Service commission - from 0.05% to 0.2% depending on the amount.
2. Application processing within 15 minutes.
3. When transferring to a card, full name is requested. Photo proof of card ownership is not required.
4. You must be logged into the service account from which the funds are sent.
5. After specifying all the necessary details, you need to go to your Bitcoin client and make a payment to the wallet number of the 60cek bitcoin service, and then wait for two confirmations of the transaction by the miners.

Cashing out cryptocurrency should not lead to monetary losses if you check the blacklist of fraudulent exchangers. It is available and regularly updated in RuNet.

Withdrawal of cryptocurrencies to rubles through ePayments

It should be noted right away that issuing an ePayments card costs about $6, and its maintenance will cost $3 per month (if there are no transactions during the month, no fee is charged). In return, users receive the following benefits:

• The use of a plastic card is supported by Russian ATMs. At the same time, the highest withdrawal limit at a VTB ATM is up to 100,000 rubles, and commissions are 2.6% for converting into rubles and $2.6 for cashing out. Therefore, it makes sense to look for an ATM with high level withdrawal to save on a fixed commission or cash out dollars through Alfa-Bank ATMs (in this case there is no commission for converting into rubles). Payment option various services the type of shopping in stores or watching a movie is also provided.
• The card is offshore, that is, it is registered in another state (in the case of ePayments, this is the UK).
• Transfers to the ePayments card are carried out without commission. For cards of other banks, the commission is 3.5%.
• An electronic wallet is similar to QIWI and Webmoney.
• Transfers within the system are carried out without commission, which means that fiat money transfers to another person are available if he also uses the ePayments wallet.
• The presence of an affiliated DSX exchange, which allows you to trade and withdraw digital money directly to the wallets of this exchange.
• There is no commission for transfers from the DSX exchange to an electronic wallet.
• Support for converting BTC, LTC, BCH, ETH coins into fiat money both inside the wallet and on the exchange.

Withdrawing money from ePayments is very easy. For this you need:

1. Transfer and convert cryptocurrency from the DSX exchange to the wallet. This step can be skipped if digital coins initially located on the wallet.
2. In the wallet, go to the "Transfer" section. Further "To the bank card". Output to EPS is possible.
3. Fill in the fields "Payer", "Bank card number" and "Amount", in which indicate the epayments wallet, the number of the received plastic card and the transfer amount.
4. Enter a confirmation password.
5. Pay.

As you can see, the ePayments exchange in combination with electronic wallet and the presence debit card is a convenient way to withdraw cryptocurrency to fiat. However, there are still restrictions - $3,000 per day, even for verified users.

Withdrawing large amounts of Bitcoin

The only way to withdraw large amounts of bitcoins into rubles is the most unsafe method - cooperation with money changers. Such transfers are carried out mainly through the previously mentioned EXMO-CODE. A direct transfer from a local wallet is also possible - it is he who allows you to transfer large amounts of BTC in one transaction. The parties to the transaction only need to agree on the exchange rate, commissions may be absent or regulated in the trading format.

You can find such people on the Localbitcoins website. Of course, the legality of cashing out cryptocurrencies through a p2p exchange will remain in doubt until the official status of digital assets is determined in Russia.

The biggest trouble can happen in person. Large sums of cash always attract intruders, and it is very easy to become a victim of them.

How to legally cash out cryptocurrency

It is no secret that transactions of large amounts through banks attract the attention of regulators as well. It is feared by miners and traders. The question immediately arises, is bitcoin cashing out legal at all?

On this moment The circulation of digital gold in Russia is not regulated by law. This allows money to be laundered using bitcoin. Despite the variety of completely anonymous coins like Monero and ZCash, it is much easier to convert a large amount of bitcoins into rubles.

But withdrawal can turn into illegal activity very simply. An example is the arrest in Kostroma for cashing out cryptocurrency using nominees. Formal accusation sounds like illegal banking. Why were these people arrested? The fact is that they organized a cryptocurrency cashing point for permanent income generation and did not pay taxes for it. Therefore, it is necessary to use only proven legal exchangers, exchanges, electronic payment systems and remember that no one has canceled personal income tax.

The legal method of withdrawing cryptocurrencies into fiat is the official declaration of income after receiving them. How to pay tax on bitcoin, we will tell in a separate article.

Finally: the safest and reliable way Cryptocurrency cashing out is the transfer of cryptocurrencies to your acquaintance, friend or relative. Those wishing to enter the market will be among your environment.

Greetings, dear guests and regular readers! Computerization makes our life easier and frees up time. We stand in queues less and fewer documents. This is especially important in situations where every minute counts: on business trips and on vacation abroad.

However, not necessarily abroad. Time is also valued in Russia. Not so long ago, we already dealt with cryptocurrencies, as well as . And yet, for many digital currency becomes full-fledged money only when it can be cashed out or at least exchanged for the kind of money that can be used in everyday life.

A perfectly reasonable position. This is what we will talk about today: how to cash out bitcoins in Russia.

In one of the previous articles, I talked about how you can withdraw a cue ball from a Blockchain wallet. Today we'll talk about universal way– use the services of online exchangers that work with any currencies and payment systems. If you have a computer, you can always get acquainted with the most great deals using the bestchange service. It is convenient that bitcoin can be converted into rubles credited to a plastic card.

The problem is that the use of exchangers in itself is associated with a number of disadvantages:

• Large spread in exchange rates
• Exchangers are not very stable, sometimes they do not have a reserve
• Time delays in some cases are quite noticeable
• This kind of exchange is an intermediate step, not allowing you to get cash right away

Wirex - Meet the new brand

Is there a way to withdraw bitcoin from a wallet and instantly receive cash? Until quite recently this was not possible at least, in Russia), but now we can say with confidence that there is such a way. Moreover, it is devoid of some other shortcomings of the exchange exchange.

A universal service that combines blockchain and classical monetary system into one whole, suggested Wirex Limited, which until 2016 promoted its services under the E-coin brand. By the way, from January 2015 to January 2016, the number of new customers of the company amounted to more than 100,000, which was one of the reasons for the rebranding (in addition to many completely serious reasons, the name E-coin coincided with one of the popular cryptocurrencies).

The whole system is implemented in such a way that a minimum of actions is required from the client. In fact, they boil down to:

• Ordered payment card from Wirex(virtual or plastic)
• A bitcoin wallet is attached to it

Externally, a plastic card from Wirex is no different from a regular bank card and is compatible with the MasterCard or Visa payment system (this scheme personally seemed to me similar to).

What is unique about the card from Wirex

It can be used to produce bitcoin exchange for the US dollar, euro and pound, as well as buying bitcoin for these currencies. No banks are involved in such operations, which makes the exchange as profitable as possible. If, for example, one client of the system wants to sell a certain amount of bitcoin, and the other, on the contrary, wants to buy, then neither one nor the other should look for a favorable rate in the lists of available offers on exchangers.

The Wirex service does all the work for them, acting as an intermediary between counterparties and bringing their orders together. If no suitable counter orders are found, the Bitpay payment processor will be used.

Wirex gives Bitcoin a second wind

An interesting innovation was the ability to pay with bitcoin where this currency is not accepted at all. Since the wallet is tied to the card, it is possible to make purchases in the currency that is the base currency for the card (i.e. dollar, euro or pound), actually withdrawing the required amount of bitcoin from the wallet.

In the same way, bitcoin cashing out at an ATM takes place: you withdraw, say, euros, for which bitcoin wallet a proportional amount of that currency is written off. All this is all the more important because in Russia (as well as in some other countries) a ban on the circulation of cryptocurrencies is possible in the future.

Unfortunately, not everything is perfect in this solution. You can exchange bitcoin for cash, but rubles are not included in the number of currencies for exchange, and so far the prospects here are very vague. At least it's good that at least there are no problems with the exchange of major currencies.

Wirex - Traveler's Choice

Wirex also allows you to reduce costs when money transfers between countries with different currencies. For example, English client system, having a pound card, transfers pounds from his card to the holder of an American dollar card. To do this, pounds are first converted to bitcoin, which are then converted to dollars. Since there are no international currency transactions or direct bank exchange of pounds for dollars, the costs to customers are minimal.

For customers who do not have a plastic card from Wirex, there is mobile solution. It allows you to exchange bitcoin for another currency, which can be withdrawn from an ATM using an existing plastic card of any bank. This exchange is so simple that it can be carried out literally in line at the ATM using a smartphone.

To new horizons

Unfortunately, cryptocurrencies have not yet become full-fledged means of payment and their circulation is regulated in completely different ways in different countries and in some places it is completely prohibited. That's why Wirex pays Special attention studies at what stage and how regulatory bodies, banks and other organizations can intervene in the process of mutual settlements, slow them down or increase costs.

To do this, you have to use the services of highly qualified specialists. This means that even more interesting offers are ahead of us, and the cryptocurrency exchange service will become even more convenient.

As you can see, our world is becoming more and more digitized. The concept of blockchain emerged as a professional term, but has already become an element of everyday reality. Progress does not stand still.

Until recently, we could not imagine our life without banks, but today their role is not so obvious. It is very important for an investor to be aware of all the news and keep abreast. Subscribe to my blog news so that the saved time works for you!

P.S. For those who are interested in this promising currency and wants to not only learn more about her, but also try to capitalize on her growth, I recommend get acquainted with these materials from the famous trader Dmitry Cheremushkin.

The cost of the most popular cryptocurrency has decreased slightly. However, a loss of 3-4% for bitcoin is a very small fluctuation. Quotes are holding above $16,000 per crypto coin. How do you exchange bitcoins for fiat and what difficulties can you face? Parsing from .

Of course, many of those who made money on the crypto fever continue to hold bitcoins, as they believe in continued growth. But faith is faith, and the “big score” is still measured in fiat money.

In dollars, euros or rubles, the profit is clearer. For example, the Israeli marketer Estrin Sean, when he realized that thanks to bitcoin he became a dollar millionaire, he sold half of the crypt. About eight years ago, he bought 200 bitcoins for a penny - $ 10 per coin. He left half, that is, 100, until the middle of next year: he expects the price to soar to 30,000 per "cue ball". How exactly did he sell cryptocurrencies?

Estrin Sean.

“Firstly, I withdrew bitcoins from physical carrier called Trezor on the platform and there I simply put a bid (bid price - Business FM) that I want to sell them for 16 thousand dollars. It took about four hours. The next story was to withdraw money from the platform: I wrote a special email and transferred it to the corporate account of our family company. Since there was a large transaction, the platform demanded about 4.5%, of course, we paid them - 4.5% per transaction, and everything, within three business days, everything came to the bank account. Now the process of how it will be taxed is underway, then we will pay tax on this and we will enjoy the profit.”

Since the money was withdrawn to a corporate account American company, the main thing is to pay tax on this profit. There is no violation of the law. The US investment tax can be up to 50%, but under certain circumstances it can be significantly reduced.

In Russia, to get out of bitcoin into real money, they mainly use three methods: exchange sites, cryptocurrency exchanges, and personal meetings. Through the site-exchanger you can spend safe deal with another individual, and quickly enough. Cashless settlement, suitable for transactions up to 300 thousand rubles. Amounts over 600 thousand rubles go through a special financial control in the bank.

Money can get stuck for several days, or it can turn into problems with law enforcement. If you withdraw through a crypto-exchange, the commission will be lower, but this process may be delayed, says Yaroslav Winkelman, manager of the financial cryptocurrency fund:

“The transfer can take up to two weeks, as these are currency transactions. You need to verify your identity. In recent months, there has been an increase in applicants, and exchanges simply cannot cope with the increased volume, so you can expect an identity verification procedure for up to three months. The last way This is through face-to-face meetings. That is, you find a person who wants to buy bitcoins, and you want to sell. Accordingly, you meet, make a deal, take cash, transfer bitcoins. IN this case Huge risk of being scammed. Stories like this have been on the news before.

For the sake of experiment, I asked in one popular crypto-telegram community who can cash out bitcoin. Several offers came up immediately. For example, one young man wanted 10% for the exchange, however, he was ready to reduce the cost of his services to 3% when selling three bitcoins at once - this is almost 3 million rubles at the current exchange rate. I was ready to transfer money to an account, or exchange it for cash, but in Chelyabinsk.

Still, it’s a risky business to sell bitcoins.

24.10.2017

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The rates of popular cryptocurrencies are growing, and the owners of cryptocoins are getting richer. Now it's not just words. If in the days when bitcoin was worth a penny, the statement “I have 10 bitcoins in my account” could cause a reaction like “And what does this give you?”, now only a person who is not familiar with cryptocurrencies in general can ask such a question. There are many ways to turn bitcoins, litecoins, ethereum and other currencies into traditional money today. And the problem now is not so much cashing out, but choosing the best way to cash out from the many existing ones.

How to cash out cryptocurrency: choosing a method

It is important for one owner of crypto coins to get them quickly, and he is ready to donate part of the amount for the sake of speed, while the other may well wait, just not to overpay.

Therefore, to speak objectively the best way it is impossible to transfer cryptocurrency into cash. But there is three key criteria , according to which it is possible to evaluate the feasibility of using each method:

• benefit;
• reliability;
• convenience.

The benefit involves getting the largest amount possible per unit of currency. The method of cashing out is considered reliable, which will ensure the safety of money in the process of conversion and “delivery” to the owner. As far as convenience is concerned, the cash withdrawal process should be quick and easy.

Today, there are four common ways to withdraw cryptocurrency:

• through the exchanges;
• through exchange services;
• to a WebMoney account;
• with the help of individuals.

Unfortunately, none of them can guarantee maximum benefit at the same time with maximum reliability and maximum convenience. Each has its pros and cons.

Method #1: Cash out cryptocurrency through an exchange

Operations for the exchange and purchase and sale of both cryptocurrencies and traditional money are carried out. Like regular exchanges, they involve the deposit and withdrawal of funds available on the account. You can cash out cryptocurrency if you exchange it for a traditional one and withdraw it from your account.

Easiest way to cash out known currencies like bitcoin or ethereum: almost everyone works with them. But there are also exchanges that work with unpopular cryptocoins. For example, Poloniex, which allows you to make transactions not only with Bitcoin, but also with Huntercoin, Radium, Riecoin, DNotes, and more. etc. She is not the only one of her kind.

The first step is to find an exchange that will support the required currency pair (ETC/USD, if you want to exchange Ethereum classic for dollars, etc.). The easiest way to do this is to look for the right pair in top exchanges (the top is easily found using Google) or by entering a query like “ETC/USD exchange exchange” into Google. The first option requires more time, but is more reliable, since the exchanges are in the top, including because they are quite safe and fulfill their obligations. On little-known exchanges, the risk of getting scammed is higher. Reviews help to more or less determine reliability.

After registering on the selected exchange, you need to replenish your wallet or account by crediting the corresponding cryptocurrency with . After that, the owner of the cryptocurrency must put it up for auction at the rate that he considers acceptable. If the set rate is adequate and the currency is more or less in demand, a buyer is found and a deal is concluded. Dollars (euro, yuan, rubles, etc.) appear on the account instead of cryptocurrency, and you can withdraw them, for example, to Visa card or MasterCard. Some exchanges support withdrawals to WebMoney and other payment systems. Options are usually offered in the "Withdrawals" type section, where you can choose the most convenient one.

There are two notable downsides.. First, the commission. It is not very large (0.1-0.2% for Poloniex, about 1% for BTC-Trade), but it can be charged twice: at the time of the transaction with the buyer of the cryptocurrency and in the process of withdrawing already “converted” money. Secondly, the duration of the process. Sometimes it takes a long time to wait for a buyer.

• Benefit. Medium to high. Depends on the fees set by the exchange. But you can independently set the cryptocurrency selling rate. But, if the exchange rate is unfavorable, the buyer can not wait.
• Reliability. Medium to high. Exchanges are sometimes hacked. Top - less often, small - more often. Top watch their reputation; fraud is usually not involved. Little-known - as lucky.
• Convenience. Differently. The speed of receiving cash is often inversely proportional to the profitability of the transaction, i.e. if you set a favorable rate for the buyer, you will be able to sell the cryptocurrency quickly, and if the rate is not very profitable, the buyer will not come immediately. Technically, the withdrawal of funds is usually simple, there is technical support.

Method #2: Cash out cryptocurrency through an exchanger

Exchange services are the first thing that search engines offer to those who want to cash out cryptocurrency. The variety of conditions of their work is great. Everything is different: rates, commission, speed of work, banks and payment systems where you can withdraw funds. Based on the above, you can choose the appropriate one.

There are so many exchange services that it is impossible to manually explore the rates on each. Therefore, there are special sites monitoring of cryptocurrency rates on differentexchangers. The Russian-speaking segment uses the bestchange.ru monitoring site, there are alternatives in most popular languages.

Do not rush to the exchange office with the most favorable rate. Need to look at commission, which the resource charges for withdrawing funds. It often happens that on exchangers with good course the commission is so high that it is much more profitable to use the services of a site with worst rate but with a lower commission. For example, some charge 10% of the amount withdrawn and some charge 3%.

When withdrawing funds to an international bank card, it makes sense check sites forother languages: there you can find a more favorable rate and conditions. Exchangers are good because, if necessary, withdraw funds to a card with an uncommon account currency (Ukrainian hryvnia, Uzbek sum, etc.), you can almost always find a suitable service. On the other hand, withdrawing money to such a card without converting from an international currency significantly limits the list of suitable services, which means that you will most likely have to pay in best case average commission, and at worst - very high. The speed of work and the quality of support can also be lower compared to sites that exchange cryptocurrency for dollars or euros.

There are exchangers that allow you to cash out funds without a bank card, for example, through the Western Union system. To do this, you only need to enter passport data - and pay a commission, of course, which in this case will be rather big: for bitcoins, for example, it can be 15%.

Some exchangers allow you to withdraw very small amounts, which you can cash out using exchanges or WebMoney systems impossible (up to 0.0001 BTC). But again, these are specialized sites that may differ in the worst exchange rate, higher commission, etc.

Among the minuses is that reliable exchangers with favorable rates often may not have the necessary currency reserve. That is, getting dollars or euros on a card may not work out corny due to the depletion of their stock from the owners.

Technically withdrawal of funds through the exchanger is simple. Often you need to enter the wallet number and card or account number for crediting money. Withdrawal speed - from several minutes to 24 hours, although sometimes it can be 2-3 days.

• Benefit. Medium, if you need to withdraw funds to international card(because the competition is strong and exchangers are trying their best to attract a client). Low, if you need to transfer funds to the account of a small bank or a little-known payment system. Exchange sites, compared to other methods of withdrawing cryptocurrency, charge the largest commissions (the average commission for withdrawing funds to a bank card is 7-8%).
• Reliability. Differently. It is necessary to carefully study the reviews about the exchanger and check its presence in the ratings. If there are few reviews and the site is unpopular, then the probability of its unreliability is quite high. Often, scammers set very favorable rates, and when users “follow” and exchange cryptocurrency, they withhold huge commissions without warning.
• Convenience. Differently. Almost always, top exchange services are convenient, fast, equipped with good instructions and are equipped with technical support, especially if they work internationally with popular currencies. Convenience on smaller resources that work with local banks varies.

Method #3: Withdraw cryptocurrency to WebMoney

WebMoney recognized bitcoin, and this currency can be directly withdrawn to the WM electronic wallet. You will need to have at least a formal passport (the account must have scanned passports, etc., personal data). If it is, you can create a wallet for bitcoins - WMX.

Further actions are standard: the address for crediting bitcoins is prescribed, crediting occurs. Then they can be converted into another currency or withdrawn to a bank card. For both actions, a commission is charged - less than on exchange sites, but more than on many exchanges.

It may vary depending on the speed of the transaction. So, operations with bitcoins on WebMoney, lasting more than a day, are cheaper than "urgent" operations. For the latter, you will have to pay 0.8% of the amount.

• Benefit. Average, if you do not use the service of "urgent" operation. But on the exchanges, you can sell and withdraw bitcoins with greater profit if you wait (the waiting time often does not exceed the time it takes to complete a transaction on WebMoney), since the bitcoin exchange rate for WebMoney is usually not very profitable. Low if you need to cash out bitcoins urgently.
• Reliability. High. Funds from, which is a very well-secured storage, are transferred to the WebMoney system wallet, the reliability of which also does not cause any particular complaints. The risk of encountering scammers, like on exchangers, or with hackers, like on exchanges, tends to zero.
• Convenience. Medium to high for users with formal certificate. In fact, they only need to create a wallet, but the speed of money transactions can be slow. Low for those who do not have a verified profile in WebMoney, since its creation and confirmation takes time.

Method #4: Withdraw cryptocurrency with the help of individuals

The most risky way to cash out cryptocurrency.

On sites dedicated to cryptocurrencies (for example, on the Bitalk.org forum) there are currency traders- crypto and traditional. For those who want to cash out crypto coins, they offer traditional money at favorable exchange rate and vice versa.

There are usually no guarantees: merchants are equally likely to be honest people and scammers. But, if you bargain with an honest buyer, you can sell the cryptocurrency at a favorable rate. You can also arrange with him to transfer money through a convenient bank or payment system, i.e. the final fee for cashing out will be minimal.

• Benefit. High, if you got an honest seller. Firstly, the rate, as a rule, suits both parties, and secondly, there is practically no commission. But if a scammer is caught, then the owner of the cryptocurrency can lose all the money.
• Reliability. Low. The main role is played human factor- too unstable variable.
• Convenience. High. Seller and buyer can agree on the most convenient way translation. If one does not exist, the owner of the cryptocurrency can find a buyer who will agree to its terms.

The conditions in which each owner of crypto coins is located differ - on a legal basis, geographically and others.

For getting good result when withdrawing funds, you just need to prioritize and choose the method in which combination of profit, reliability and convenience is optimal for specific circumstances.

If you are familiar with the basic principles of the formation of a cryptocurrency, then you probably imagine what difficulties the process of converting it into real currency arises. The cashing out of Bitcoins and other cryptocurrencies seriously complicates the process of popularization of these settlement instruments.

Methods for transferring cryptocurrencies to Russian ruble formed only recently. It is worth noting that the direct exchange of Bitcoin or the Russian ruble may be more profitable than the dollar exchange. This is largely due to not the most stable exchange rate of the ruble. However, the dollar is also suitable, in some ways even more than the ruble, thanks to more exchange terminals.

Cashing out crypto money, or at least transferring it to a common currency, can save an investor from a sharp jump, as is often the case on this ground. After all, without cashing out, Bitcoin is nothing more than a kind of gaming Internet currency. This can be done through virtual exchange platforms, which are exchanges where, according to the exchange rate, for a certain number of coins they issue the corresponding number of classic banknotes.

Kostroma affair

Recently, in September of this year, the first criminal case for the illegal circulation of cryptocurrency thundered in Russia. In Kostroma, an investigation was opened against the members of the group involved in illegal tranches of Bitcoins into the Russian ruble. Formally, the legality of this incident is not indicated, since in Russian Federation there are no relevant regulatory legal acts that could consolidate such activities.

Specifically, in this case, the accusation is based on illegal banking operations that were carried out by Kostroma enthusiasts. For their activities, they organized a network of nominees, in whose names about 300 bank cards and operator numbers were issued mobile communications. Obviously, SIM cards were needed to register online wallets, such as Qiwi and Yandex.Money, while bank cards were used to cash out received funds.

The scheme that led to the arrest was built around exchange activities and the withdrawal of funds through sham Bank details. According to the investigation, similar methods managed to withdraw about 500 million rubles. Entrepreneurial young people were detained on bail.

It is the article “Illegal banking activity” that will force entrepreneurs to appear before the court. This article assumes up to 7 years in prison. While operations with cryptocurrency are not prohibited in any way. A logical question arises, but how to withdraw money and not violate the law?

Legal currency exchange

So, as already mentioned, Internet exchanges and exchangers will come in handy for the exchange. Thanks to such services, anyone can exchange their crypto-units for world currencies. Then you will need bank card or an online wallet in order to transfer money physically and into your pocket.

The first interesting platform is BestChange. It has a wide range of instruments such as Bitcoin, Ethereum, Litecoin, as well as less popular currencies. It is also possible to exchange more popular cash between different wallets and systems.

Transfers to Paypal, WebMoney, Qiwi and Yandex Money are possible. You can transfer funds both from crypto to them and between them if your money is located in the same system, but this system is not supported, say, by an online store where you want to purchase something. You can also transfer from banking instruments, such as Sberbank Online and Tinkoff. It is worth noting that BestChange is not a translator as such, but only provides tools for the pair you have installed.

Exmo is arguably the most popular currency exchange on the internet. And, of course, here you can trade cryptocurrency. Withdrawal of funds is possible to most popular payment systems in Russia. Including bank cards.

Payment card

The growing popularity of cryptocurrencies attracts the attention of those who build their business on the organization of intermediary services. a good doer in this direction becomes Wirex. Its mission is to create the most flexible and convenient means for quick withdrawal and exchange of Internet currencies and their promotion.

To this end, the company has developed a system fast payment using cryptocurrencies. This system was implemented by introducing a payment plastic card linked to a bitcoin wallet.

The principle of operation is simple and allows you to pay with your card without making exchange transactions. Wirex takes care of the currency exchange and banking services. Thus, crypto holders can safely pay for their purchases in stores where the payment method is available. bank card. It is also possible to withdraw funds from the card through an ATM.

But not everything is perfect in this area. great value for smooth operation similar systems It has the legislative framework. Due to the lack of such on the territory of the Russian Federation, many Wirex transactions are not yet available here. But the holders still have the opportunity to use the currency - the US dollar or the Euro, in order to carry out the most necessary of the operations.