How to Withdraw Cash from a Crypto Exchange?
Crypto investment has taken a new level in the last few years. If at the beginning of the crypto era, just some narrow specialists knew about crypto, then today, it is a widespread term that millions of people know about.
Moreover, many people today are buying cryptocurrency as a long-term investment or for trading. The internet offers enough services for trading. They are divided into the following groups:
- Centralized exchanges
- Decentralized platforms
- Simple exchangers.
Today we will talk about one centralized cryptocurrency exchange website – WhiteBIT.
Why are Centralised Platforms Better Option for Trading?
We will discuss this issue by taking the WhiteBIT platform as an example:
- Centralized exchanges officially operate and follow all the regulator requirements. So they obviously require user registration and verification. The goal is to provide clients with the highest level of safety and protection. Any illegal activity that occurs on a platform is tracked and blocked.
- Centralized platforms allow buying digital assets with cash via bank cards. Only registered clients can take advantage of such an option. To attach a bank card, a client must pass verification.
- Crypto platforms such as WhiteBIT offer a wide range of digital coins for trading.
- Only centralized platforms offer such advanced trading tools as futures derivatives, margin and leverage.
- Such platforms have customer support services.
In addition, centralized exchanges are much easier to comprehend for a beginner trader.
Here is how you can withdraw cash to your bank card using the WhiteBIT exchange:
- Find a crypto converter
- Pick the crypto you have in your account and the fiat currency you need
- Convert crypto to fiat
- Move money to your bank card
- Withdraw cash.
Learn more about how to trade crypto on the WhiteBIT blog. This resource offers valuable guides, coin overviews, and interesting articles to read.
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