So, you’ve made some profits from Bitcoin, Ethereum, or any other cryptocurrency. Now you’re wondering — how to cash out crypto to bank account? You’re not alone. Many people want to convert their digital coins into real money that they can use for shopping, saving, or paying bills.
In this simple and clear article, we’ll explain how to cash out crypto to bank account using safe and trusted methods. Whether you’re a beginner or an experienced crypto holder, this guide will help you withdraw your money with confidence.
Why Do People Want to Cash Out Crypto?
Before we get into the steps, let’s understand why you may want to cash out:
-
You made a profit and want to enjoy the money.
-
You need fiat currency (like INR or USD) for daily expenses.
-
You’re exiting the crypto market due to market risk.
-
You’re diversifying your investment portfolio.
Whatever your reason, knowing how to cash out crypto to bank account is important for financial planning and peace of mind.
Methods to Cash Out Crypto to Bank Account
Let’s now explore the most trusted and easy methods to withdraw your crypto.
1. Use a Crypto Exchange Platform
The most common and safe way is using a crypto exchange like:
-
WazirX
-
CoinDCX
-
CoinSwitch
-
ZebPay
-
Binance (with P2P for India)
These platforms allow you to sell your crypto and send the money to your bank account. First, you must create an account and complete KYC by submitting your ID and bank details.
After that, follow these steps:
-
Open the app or website.
-
Go to the “Sell” option.
-
Select your crypto (like BTC, ETH, USDT).
-
Enter the amount to sell.
-
Choose your bank withdrawal option.
-
Confirm the sale and withdraw funds.
Most withdrawals are processed within minutes to 3 days, depending on the exchange and method.
Focus Keyword Used: how to cash out crypto to bank account
2. Peer-to-Peer (P2P) Transactions
P2P is another popular way, especially on platforms like Binance and WazirX. Here’s how it works:
-
You sell your crypto directly to a buyer.
-
The buyer sends money to your bank account.
-
Once payment is confirmed, the platform releases the crypto to the buyer.
It’s important to choose verified buyers and never share sensitive details. This method is fast, often cheaper, and available even on weekends.
3. Use Crypto Debit Cards (Optional)
Some companies offer crypto debit cards like Crypto.com or BitPay cards. You can load crypto and withdraw money from ATMs. However, these services are not fully active in India yet, so check availability before using.
Still, the main solution to how to cash out crypto to bank account remains through Indian exchanges or P2P platforms.
Things to Keep in Mind Before Cashing Out
Cashing out crypto is easy, but you must be smart about it. Here are a few tips:
-
KYC is mandatory on all exchanges. Keep documents ready.
-
Tax rules apply: In India, you must pay 30% tax on profit and 1% TDS.
-
Avoid untrusted buyers and apps. Use only official platforms.
-
Always check withdrawal fees before selling.
Keeping records of your crypto transactions will help you during tax filing and future audits.
How Long Does It Take to Receive the Money?
Usually, if you use instant transfer (IMPS/UPI), the money reflects in your bank within 10–30 minutes. For NEFT or regular bank withdrawals, it may take 1 to 2 working days.
Some platforms also allow weekend withdrawals, but fees may be slightly higher.
Common Problems and How to Fix Them
Here are a few common problems people face while learning how to cash out crypto to bank account:
-
Withdrawal stuck: Wait for processing or contact support.
-
Bank rejected funds: Make sure the name matches your KYC.
-
P2P buyer not paying: Raise a complaint on the platform immediately.
Always double-check everything before hitting the “Withdraw” button.
Conclusion
Now you clearly know how to cash out crypto to bank account. It’s not as complicated as it seems. Using a trusted exchange like WazirX, CoinDCX, or Binance makes the process simple. You just need to complete KYC, sell your crypto, and transfer the money to your bank.
The key is to stay safe, follow rules, and keep your data private. Cryptocurrency is powerful — but only when handled responsibly.
If you found this guide useful, don’t forget to share it with your friends who also want to learn how to cash out crypto to bank account.
FAQs
1. Can I cash out crypto without KYC?
No. All legal platforms require KYC for bank withdrawals.
2. What is the best exchange to cash out in India?
WazirX and CoinDCX are two of the most trusted platforms.
3. How much time does it take to get money in my bank?
Usually within a few minutes to 2 days, depending on method.
4. Is tax applicable while cashing out crypto?
Yes, 30% tax on profit and 1% TDS is mandatory in India.
5. Is P2P safe for beginners?
Yes, if you choose verified buyers and follow platform rules.
ALSO READ THIS
