How to Convert Crypto to Cash

So you've got Bitcoin, Ethereum, or another crypto and want to turn it into real money in your bank account. Here are the five most practical methods in 2026, ranked by cost and speed.

Method 1: Exchange → Bank Transfer (Cheapest)

Sell your crypto on a centralized exchange (Binance, Bybit, OKX), then withdraw the fiat to your bank account. This is the cheapest method — total cost is typically 0.1% trading fee + free or minimal withdrawal fee.

Speed: 1-3 business days for bank transfer, instant for some local methods (UPI in India, PIX in Brazil).

Best for: Amounts over $100. Not ideal for small cashouts due to minimum withdrawal limits.

Method 2: P2P Trading (Best for Restricted Countries)

Peer-to-peer trading lets you sell crypto directly to another person. Binance P2P, Bybit P2P, and Paxful are the most popular platforms. You set your price and payment method — bank transfer, mobile money, cash deposit, or even gift cards.

Best for: Nigeria (NGN), Pakistan (PKR), and other countries where direct bank withdrawals aren't supported by exchanges.

Method 3: Crypto Debit Cards

Cards from Crypto.com, Binance, and Bybit let you spend crypto directly. The card automatically converts your crypto to fiat at the point of sale. Some offer cashback rewards.

Best for: Regular spending rather than lump-sum cashouts. Available mainly in the US and EU.

Method 4: Bitcoin ATMs (Instant but Expensive)

Bitcoin ATMs let you sell BTC for cash instantly. The catch: fees are typically 5-10%, making this the most expensive option. Use only when speed matters more than cost.

Method 5: Direct Sale to Buyer

Selling directly to someone you know eliminates exchange fees entirely. Use an escrow service or meet in a safe public location. Only recommended for trusted contacts.

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