Goltaylor

In this guide we’ll talk about how you can withdraw your Steam wallet money from Steam into your pocket, there is no feature in Steam that let’s you do that but that doesn’t mean you can’t get real money from your Steam funds, in this guide we’ll show you a easy way on how to do this. The idea about is simple, we’ll head over to the Steam community market, buy items with our Steam funds, then sell those items for real cash. Below I’ll go through the process step by step. and show you how to maximize your profit when converting Steam funds into money.

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• Converting Bitcoins Into Real Money Online
• Convert Bitcoin Into Money
• Can You Convert Bitcoins Into Real Money

It is relatively a straightforward process to convert your bitcoins to cash. The real question is whether or not you should do it. Cryptocurrencies are thought of as more of an investment than a traditional currency, which is why many advise against conversion. It is not the same as converting British pounds into American dollars.

Some of the links in this guide are affiliate links, using these links will earn Tradeplz some revenue, use them to support the site.

First things first we’ll head over to the Steam Community Market’s, I would suggest you buy any CSGO key (not Capsule Key), these keys have a stable price and has a high demand, so you’ll sell them pretty fast for a fair price.

After you bought the keys you should head over to Bitskins (they have only a 5% sales fee making it great for cashing out) to sell them, use their price check feature to see what the best selling price could be, undercut the lowest price will get your item sold fast and if you set your price to compete with other sellers but not the lowest you should sell your keys in a few hours or so. After the keys are sold you can cash them out though Paypal, Bitcoin or via Bank wire.

Down below I’ll go into more detail how you can do this and also provide a few alternatives that will increase the amount of money you can get from your Steam funds when cashing out, that being said buying/selling CSGO keys is one of the quicker option for cashing out from Steam.

Buying our items on the Steam Community Market

The first step of the guide is to buy a few items on the community market with our Steam wallet funds, you can do this with items from any Steam game, but we’re going to use CSGO items just because there’s a high demand for them and people buy & sell them for real money at high volumes.

You got two options here, either you just buy the skin/key of your choice on, or you can place a buy order for that item, placing a buy order will get you a lot more money for your Steam funds but it will take much longer. To minimize the wait I would place buy orders on several items in the hopes that any of them would go through, also don’t be a cheap ass when placing your buy orders, if you place a way to low buy order you’ll never get any items.

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If your in no hurry and want to maximize what you’ll get when converting your Steam wallet into cash you could wait for any of the big Steam sales (summer/winter sales). When the big sales comes around the corner a lot of people are in need of Steam funds and they sell their items on the community market so they can buy the games they want on the sale, this makes a lot of items on the market drop in price, making it a perfect time to spend your funds in your Steam wallet. Just make sure you wait to sell them for real cash until the prices have gone back up to normal, which could take anything from a few days to weeks after the sale has ended. This is your best option for maximum value but it will take a lot of time.

Another thing you should consider when buying items on the Steam community market is that after you bought a item there’s a 7 day wait period until you can trade that item, this is a feature that was implemented years ago to fight scammers, but for us regular users it can be quite frustrating.

What items should you buy when cashing out

Buying CSGO keys to use to cashout is always a safe bet, they have a good value when being sold for cash and they tend to sell really fast, the only downside is they can be quite expensive on the community market, a high demand means a high price for both buying and selling.

Your other option would be to invest in some CSGO skins, there’s a potential to get more for your Steam funds when buying skins, but there’s also a bigger risk considering skins are changing in value from time to time, and also the fact that all skins won’t sell that fast (if there isn’t a high demand for it). You would want a skin that’s high in demand so that it sells relatively fast, and at the same time you don’t want a item that have a to big of a demand, then you will have a hard time buying that skin for a decent price on the market and you’ll also be competing with a lot of other sellers.

How to find a good skin to buy

We want a skin that has a high demand so we can sell it fast and for a reasonable price, we can find skins like that by heading over to the Steam community market and more specificity the CSGO section of the market, here we can see a bunch of skins that are in high demand right with a list with all the most popular items. This is a great start for finding popular items, make a list of potential skins to buy or leave a tab open in your browser with the Community market.

In this guide we’ll be using Bitskins to sell and cashout our skins, and we’ll be comparing the skin prices over there with the Steam market prices. Now it’s time to start to comparing the prices on the Steam Community market and on Bitskins, try and find a item that has a good exchange rate and a low difference between buy price and sell price. Open up a tab in your browser for Bitskins and one for the Steam community market and start comparing prices, keep searching until you find something worth buying. Just keep in mind that you won’t be able to convert 100% of what you have in your Steam wallet into cash, expect to lose around 20-30% in value when cashing out.

I would avoid Souvenir & StatTrack skins, just because they can be hard to sell.

Selling our items for cash

As mentioned above I suggest you use Bitskins for this part, it’s one of the most popular marketplace to buy and sell CSGO items for real money, which means you’ll get your items sold fast (if you set at a fair and decent price), they also have low fees for selling, they take a 5% sales fee on every sale, which is as low as it gets on these kinds of sites, less fees means more money for you when cashing out your Steam funds.

First things first, we need to check what other people are selling our item for on the site, do a quick price check. And then either put it up for sale below the lowest price if you want the item to be sold fast, or a bit higher if you have no problem waiting for the item to be sold. It’s also important that you picked a item that has a high demand, otherwise you’re looking at sitting on your item for a long time before it gets sold.

Alternative shops to cash out with

There’s plenty of other CSGO shops you can use to cashout your Steam wallet, and SkinBaron and Opskins are two other option. If you want even more alternatives to Bitskins you can check out this guide for other CSGO marketplaces.

Here’s a quick recap of all the steps.

• Pick your items/skins to resell
• Buy the skins/items/keys on the Steam community market, either with buy orders or from the cheapest seller.
• Wait 7 days to be able to trade your items
• Sell the items on Bitskins (or any other marketplace), do your research and see what others are selling the items for, and sell your item for a fair price.
• Cash out your money via Paypal, Bitcoins or the payment option of your choice.

What items are you using to cash out with? What skins or items works the best? Share your experience.

Have you achieved success on Bitcoin trading or you one of those lucky guys who purchased crypto when it cost only several dollars? Now it is time to harvest a crop and use the money earned, and it can be done if you transfer Bitcoin to a bank account.

You will agree that it is possible to use BTC to pay for services and goods, but, unfortunately, the number of platforms accepting crypto is still rather limited while paying with fiat money has no restrictions. Moreover, it would be reasonable to convert BTC for fiat money when a crypto market is in decline and you want to prevent losses.

Visa/MasterCard friendly
Binance

• ✅Binance supports more than 40+ fiat currencies for buying and selling crypto with Visa/MasterCard and third-party payments
• ✅Considered to be the largest crypto exchange platform on the planet
• ✅The list of altcoins on the platform has exceeded 140, while transaction fees are ones of the lowest being only 0.1%
• ⛔Do do not open accounts for U.S. residents.

Converting Bitcoins Into Real Money Online

Look: this article will tell you about the most popular and secure ways of withdrawing Bitcoin to the bank account and how this process is performed.

Can You Withdraw Bitcoin to Your Bank Account

It goes without saying that every Bitcoin holder can exchange cryptocurrency for fiat money and transfer it to the bank account in a matter of minutes. In fact, there are 4 ways to do that:

1. Sell Bitcoin on the crypto exchange and get money directly to the bank account. There are many trusted crypto exchanges operating on the Internet nowadays and many of them are not limited to crypto-to-crypto trading but also provide with an opportunity to send exchanged money directly to the bank account.
2. Make use of Bitcoin ATM. There are over 2,200 ATMs accepting Bitcoin on the planet, so if you are lucky to live next to one of them, you can easily get fiat money for Bitcoin in it.
3. Obtain a Bitcoin debit card. There are online services offering to get a prepaid debit card for selling BTC and use money kept on it.
4. Sell Bitcoin to someone you know. If one of your friends, relatives, or their acquaintances wants to buy crypto and you plan to sell it, you can help each other and get cash for the crypto which must be transferred to another wallet.

All these ways can be used for getting fiat money onto your bank account, but the most popular way is still the use of exchange services. It is not difficult to find a trusted crypto exchange with reasonable fees and get money to your bank account quickly and without putting much effort. That is why lower you will find 7 platforms where every person can sell BTC in exchange for money to land on the bank account.

How to Transfer Bitcoin to Your Bank Account

There is no need to have any trading experience to convert money on third-party exchange platforms. In fact, even a child will easily cope with the task set since it is enough to fill out some information in the blank spaces and deposit Bitcoin to the exchange in order to request the withdrawal of fiat money then. The most widely accepted way to do that is to prefer an exchange that accepts bank wire transfers, and experts advise asking for fiat money to be sent to the same bank account where they were transferred from too. Usually, it takes from 1 to 5 days to get money to your account. However, there is also an opportunity to use the Peer-to-Peer approach or turn to a broker too.

Convert Bitcoin Into Money

Now it is time to analyze the offer of the best platforms to convert BTC and choose the most suitable one.

CEX.IO

Best for Crypto-to-Fiat operationsCEX.IO

• ✅The only larger exchange with native support for credit cards Visa/MasterCard and SWIFT
• ✅Works as bitcoin dealer as well as marketplace, also supports basic margin trading (all-in-one)
• ⛔Significally higher fees (0.25% for Taker and 0.15% for Maker)

This London exchange established in 2013 offers to withdraw cryptocurrency only for registered and verified users. Residents of different countries can transfer Bitcoin to their bank accounts using this service. EU residents can opt for the SEPA method supported, while US citizens prefer the ACH method. When it comes to citizens of other countries, it is possible to ask for a debit card withdrawal or do that in ATM too. Users of the platform say about quite high commissions for the withdrawal which can reach 3% for credit cards. At the same time, there are several benefits of the platform too including round the clock customer support, several payment methods supported, and fast money transfers.

Coinbase

100% U.S. compliant + Wallet
Coinbase

• ✅Bank Account (ACH) and Wire Transfer payment methods are available for withdrawal your money.
• ✅Coinbase can also be a software wallet that can help you store, buy, and sell BTC. There is also a feature where you can request money, either in USD or BTC
• ✅The most compliant BTC exchange for U.S. account holders.

Being a leading Bitcoin trading platform Coinbase allows its users to withdraw Bitcoin to bank accounts too. Residents of both EU and the US can receive money for selling BTC to their bank accounts, but it is performed using two different methods: SEPA for EU (takes up to 2 days), and ACH transfer for the US (takes up to 5 days). It is possible to speed up the transaction if you own MasterCard or Visa. The cost of withdrawal also depends on the country and can vary from several dollars to several cents.

The process of cashing out Bitcoin on Coinbase looks as follows:

• Open an account on the platform, link your bank account to it, and make the first deposit by buying or sending some amount of Bitcoin from another address;
• When Bitcoin is delivered to your account, click Buy/Sell button at the top of the page and choose ‘Sell’;
• You will be offered to sell from your Bitcoin wallet and deposit it to the default currency wallet you have selected;
• The withdrawal process begins only after you exchange BTC to the local currency;
• Click ‘Sell Bitcoin Instantly’ and get money on your fist currency wallet;
• Withdraw money from your fiat currency wallet to your bank account.

LocalBitcoins

This peer-to-peer platform was founded in 2012 and its headquarters are located in Helsinki, Finland. It is a decentralized platform aimed at matching people who want to sell or buy cryptocurrency. Users of the platform can negotiate to trade on the platform by answering ads created and meet in person or transfer money to the bank account or wallet. There are over 40 payment methods on the service and bank wire transfer is among them too.

If you want to cash out Bitcoin using this P2P platform, it is necessary to follow this procedure:

• Create an account on the platform or enter the existing one;
• After logging in, find ‘Sell Bitcoins’ button at the top of the page;
• Enter the amount of cryptocurrency to be sold and the country you are located in and then press ‘Search’;
• Look through the list of offers including the name of the trader (in brackets, you will see the number of trades made and the rating), payment method preferred, price of the coin and its limits;
• Select one suitable for you and indicate the BTC amount to be sold;
• Click ‘Send Trade Request’ and wait for a buyer to approve it;
• Send BTC to the escrow of the platform and this amount will be delivered to the buyer only when you confirm the receipt of payment.

The main benefit of this platform is the security of the transactions made and the possibility to sell Bitcoin for a higher price depending on the payment method preferred.

Coinmama

Being another old trading platform Coinmama was established in 2013 and now offers one of the most comfortable ways to convert BTC to cash. European residents of 37 countries can sell Bitcoin on the platform using SEPA (Single Euro Payments Area). These accounts can accept Bitcoin equal to $12,000 without extra fees.

The process of selling Bitcoin and getting money to the bank account using Coinmama is very simple:

1. Register and log in the account.
2. Select ‘Sell’ option.
3. Indicate the BTC amount to be sold.
4. Enter your bank details.
5. Send coins to the wallet address provided.

When the platform receives Bitcoin to its wallet, it will immediately send funds via SEPA transfer and it usually takes 1-2 days to deliver them.

Bitpanda

This platform specializes in crypto trading on the territory of the EU and is one of the most reputable exchanges known today. Founded in 2014, it offers one of the cheapest ways to buy and sell Bitcoin via bank transfer or SEPA. The platform offers to buy, trade, save, back up cryptocurrency as well as sell it. The transaction fee for selling crypto on Bitpanda is 1.29%. There are withdrawal limits but verified users can convert up to €500k every day due to SEPA transfers.

Residents of Europe can convert Bitcoin via SEPA, while citizens of other countries can use Neteller for this purpose. To be able to buy or sell BTC, you must be a verified user. The withdrawal process can be performed at any time of the day only in Euro using one of four methods suggested:

• SEPA (the same day);
• Amazon.de Voucher Code (up to 30 minutes);
• NETELLER (10 to 30 minutes);
• Skrill (10 to 30 minutes).

It means that people from different countries can easily get money to their bank accounts if they have one of these e-wallets or live in Europe. Some sources also mention the support of Online Bank Transfer and SOFORT too.

Bitstamp

This is the world’s long-standing crypto exchange founded in 2011 and serving over 3 million people from different corners of the world. Residents of Europe can transfer Bitcoin to their bank accounts using SEPA, while citizens of other countries can take advantage of bank wire transfers though they are more expensive ones. It is also possible to buy a credit card from the platform but the fee is between 5% and 8% there. In general, withdrawal fees are quite reasonable being only 0.25% which can decrease to 0.1% for making build withdrawals.

The selling process is similar to other ones since a user must register on the platform and log it in, pass through the verification process, and enter the ‘Buy/Sell’ tab in the upper part of the page.

What is interesting, every user can perform trading in five different ways: Instant order, limit order, market order, stop order, and credit card payout. The withdrawal button is located in the same tab as the previous one and it is necessary to enter the amount of Bitcoin to cash out as well as choose one of 2 methods available: digital wallet or bank account.

Kraken

This exchange has the title of the largest Euro-denominated platform operating in the market and is a perfect choice for people who make a transfer to the bank of the Euro currency. In fact, the withdrawal options suggested on Kraken are very different since people living not only in Europe but also in the US, Canada, Japan, and others can cash out money using it. According to the official website of the platform, it is indicated that each of the withdrawal methods involves ‘ some form of bank or wire transfer’. The most popular methods look as follows:

• SEPA for EU citizens (1-5 business days);
• SWIFT for US residents and worldwide (1-5 business days);
• FedWire, the US only (1-3 business days);
• EFT, Interfin for the Canadians (2-5 business days and 0-10 min respectively).

Another benefit of Kraken is quite low transaction fees ranging between 0.15 to 0.25%. Only registered users can withdraw cryptocurrency and they should navigate to the ‘Funding’ menu (‘Withdrawal’ page) to do that.
Things to Remember about Converting Bitcoin to Cash.
It does not matter whether you convert BTC to fiat money for the first time or do that regularly, there are several things to remember for this process to be smooth:

1. Use only reliable and checked platforms for withdrawal.
2. Always check the information about a bank account, wallet address, or any other significant data twice before submitting the payment.
3. Find out if it is possible to withdraw BTC without making the first deposit.
4. Be ready to sign up for the platform and go through the verification process to be able to cash out Bitcoin.
5. Most of the platforms send emails about the transaction started and completed.
6. Compare withdrawal fees on several platforms to save.
7. Don’t worry if it takes several days to deliver cash to your bank account since it is a natural process.

Conclusion

Can You Convert Bitcoins Into Real Money

Though it may seem that transferring Bitcoin to a bank account is challenging, in fact, it takes only several minutes usually. Every platform which offers this service has its own procedure of withdrawing funds but each of them can be easily understood and performed quickly. If you plan to cash out Bitcoin, look through the offers of these popular platforms, and choose the one most suitable for you.