How to withdraw money from bitcoin wallet
- Thread starter misha
- Start date
I am also a little confused so I am just exchanging with other users for forum currency and get aid in Paypal
You can do it by using some exchanges like coinbase or binance.
In Nigeria here, I use online exchangers to run these kind of transactions and it has always been awesome.
So you can transfer crypto from your bitcoin wallet to a bank account in India or vice versa. first you have to understand the crypto regulations in your country do banks accept crypto, If your bank can accept crypto you only need Bitcoin address of bank account in India you can contact bank customer service. But if the bank in India doesn't accept crypto you can go through a P2P exchange.
P2P stands for peer to peer (exchange) allowing users to exchange crypto for fiat money without going through a third party, so you are in direct contact with the buyer, but all member accounts have been verified and KYC, so they are safe from fraud. examples of P2P exchanges are Binance, OKX, Huobi etc.
Some countries allow cryptocurrency exchanges to facilitate such transactions and all you need to do is place a request, then you will get the money directly into your bank account. Some countries don't and you have to use p2p.
