Hybrid online wallets for working with Bitcoin. Now let's talk about the online wallet in more detail.

, introductory

When using the system you need to remember that your funds are not under your 100% control, but in the hands of 3 persons (the company ). But despite these circumstances, the ease of use (instant on-line transfers in the system ) and the very speed of transfers in the Bitcoin network (dynamic commission depending on network congestion) make it one of the best online wallets.

A little history

Founded in June 2012, and proclaimed its main mission in creating an open financial system for the world, is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies such as Bitcoin, Ethereum and Litecoin. Headquarters are located in San Francisco, California.

suggests starting to work with it by registering an account in the system:

REGISTRATION

You can enter your email address (which you have access to) in the white field Enter your email address and press the button Get Started Or you can click on the words enclosed in a white frame Sign Up — the result will be the same - you will be redirected to the account registration page (if you went through Get Started, the line with the postal address will already be filled in).

You can enter any name in the First Name and Last Name fields - you can change it later, in the email field, respectively, your current email, enter a password (the complexity of the password will be indicated by the scale below, you need to achieve the inscription excellent). We put two checkboxes (on the captcha and when confirming terms of use) and create an account.

A letter from [email protected] with a request to verify your account - click Verify email address and you will be redirected to the wallet settings page:

Choose Individual, press Next:

ATTENTION!

ABOUT Be sure to enter the correct phone number! Codes for authorization in the system will be sent to it in the future! An SMS arrives - we confirm the phone number with the code from the SMS. Next, go directly to the main page of the system (click on your avatar in the upper right corner - Dashboard).

*TabsUpload ID, PaymentsAndBuydesigned for buying/selling cryptocurrencies and trading in the systemCoinbase, and these actions are available only to US residents.

Before proceeding directly to operations with bitcoins, litecoins and ether, we will secure our account and enable two-factor authorization for logging into the system - using a password and code from SMS or from the application.

— Two-factor authentication

Open the tab Settings. Go to the section Security choose a method Two-Factor Authentication. N press the button Enable Authenticator and select a method: either a code from SMS (for this we confirmed the phone earlier), or entering a token through a special application Google Authenticator. We scan the QR code through the application and Necessarily save Authenticator Secret Code in a safe place!. P about it you can restore authentication in the application Google Authenticator) — enter the code and thereby enable the protection.

Now you can change your profile avatar and change your nickname on the tab My profile.T You can also change your password and email (you will need to confirm your new email). Personal Details you don't have to enter it.

— Receiving and sending cryptocurrencies.

To get bitcoins (or litecoins and ethereum) you need to go to the page Accounts find BTC Wallet and press the button on it Receive:

Next, read the warning and click Show address:

The address to which you need to make a transfer from an exchanger, stock exchange or other will appear NOT wallet

When transferring within the system Bitcoins (Litecoins and Ethereum) can be sent to instantly and without commission. To do this you need to click on Send

and select a tab Email Address:

We enter in the appropriate email field the address of the person to whom we want to make the transfer (of course, he must have an account in coinbase and you must know the email associated with his account). Enter the amount (either in USD or BTC). If desired, we write a comment and send bitcoins (Litecoins or Ether) without any commission and instantly.

If we send to NOT address, then select the tab Wallet Address and fill in the fields:

Alexander Markov

This crypto exchange is considered one of the oldest; it was created back in the days when only a limited number of enthusiasts knew about cryptocurrency. It remains popular now that many people are interested in cryptocurrencies. Unlike many other crypto exchanges, they do not pay attention to hundreds of altcoins; on the Coinbase exchange, work is only possible with 4 digital currencies. In this review we will look at how everything works on the exchange and whether you should trust it with your money.

General information about coinbase.com

The exchange has been operating since 2012, which is when Brian Armstrong and Fred Erome decided to create it. Mark Geltser is also a co-owner. The crypto exchange is located in San Francisco, but the geography is not limited only to America; clients are accepted from many countries around the world.

General information about the exchange:

• During operation, the number of clients exceeded 10 million.
• The total amount of exchanges exceeded $50 billion.
• Clients from 32 countries are officially supported.
• Last spring, the creation of its own crypto exchange, the Token messenger, was announced. Similar to WeChat, this application should also provide digital payments.
• It supports working with 4 cryptocurrencies, including Ethereum and Litecoin.

Coinbase has an excellent reputation in the crypto community, which is reflected in its experience in the market. There are also disadvantages, for example, the question of how to withdraw money is not so simple, popular payment systems are not supported.

The key difference between the exchange and its analogues is the principle of operation; here the purchase of cryptocurrency is carried out very quickly. In order to buy Bitcoin on a regular exchange, you need to create an order and wait until a counter order (or several) appears. And Coinbase sells and buys cryptocurrency directly from users. There is no need to wait until the request is fulfilled.

Register on Coinbase

There are no surprises at the registration stage. Everything happens according to the usual algorithm on the official website https://www.coinbase.com:

After this, the account has already been created, but verification is required for full operation. What’s interesting is that if your country is not one of the 32 supported, then you will be allowed to register, but you will not be able to pass verification. Receive a notification that your country is not supported by the exchange and Coinbase cannot provide secure exchanges.

The set of documents for verification is standard. A passport will be suitable to confirm your identity and some other document to confirm your registration address.

In your personal account you can:

• For greater account security, enable two-factor authentication;
• indicate personal data, change the country in which you are located;
• in the Tools tab, create a wallet or link an existing one to your account.

When you re-enter the exchange, in any case, you will be sent an SMS with a code to your phone. You can disable 2-factor authentication for 30 days if you don’t need it.

About limits on Coinbase

On a cryptocurrency exchange, limits are calculated automatically depending on how carefully you have worked with your account. Raise limits:

• adding a phone number;
• indicating personal information about yourself;
• data verification.

After you add scans of documents for verification, the limits calculated for you will be displayed. The limits also depend on the method of replenishing the account, for example, for US residents the exchanger offers:

• $5,000 limit when purchasing using a bank account;
• $50,000 when selling crypto.

So there are no universal limits, they are individual for each user. They differ depending on how you are going to withdraw money, buy crypto, etc. In theory, you can write to technical support, describe the problem and argue for the need to increase the limits. But most likely you will be refused; this is not widely practiced on Coinbase.

Studying the interface

Compared to others, everything here is organized extremely simply. Let's briefly go through the main sections:

In principle, everything is extremely standard and there is simply nothing to get confused about.

How to Buy and Sell Cryptocurrency on Coinbase

The exchange does not work in Russia and other CIS countries, but by replacing the IP we can study the principle of its operation. Buying and selling crypto is very different from how it is organized on traditional crypto exchanges.

To buy or sell crypto, go to the Buy/Sell section:

This has little in common with regular trading on crypto exchanges, when you analyze the chart and choose an entry point. Coinbase is not very suitable for making money through cryptocurrency speculation. It is more suitable for the role of a convenient exchanger - after logging into your account, you can buy the required amount of crypto.

Refill

Account replenishment is made in fiat currency or in crypto, and the methods of depositing funds depend on the region:

The commission can range from 1.49% to 3.99%, depending on the payment method. Credit cards have a higher interest rate, so you can save about 2.5% by using a bank transfer.

Please note that replenishing your account is not very fast. So it will take several business days for the money to arrive in your fiat wallet. Coinbase pays increased attention to security; delays are a consequence of this policy.

Features of withdrawal of funds

As for withdrawals, the options are the same as for depositing fiat currency. The withdrawal commission is about 2.5%, when using credit cards it increases to 3.4%.

As an option, you can withdraw cryptocurrency to your crypto wallet (not the one created on Coinbase). True, in the case of withdrawing crypto, it is important where exactly you are going to transfer it. Coinbase is one of the few exchanges that tracks where users spend their money. You cannot withdraw money:

• to casino wallets;
• as payment for purchases;
• on LocalBitcoins.

Even a minimal withdrawal in these directions will result in the transaction being rejected.

Rating, reliability and customer reviews

As for the rating, Coinbase is not among the top ones on bitmakler, but this is only due to the fact that the service did not provide statistics on bitcoin turnover and other data necessary for inclusion in the rating. But the exchange is very large; the fact that in 2017 the income of the crypto exchange amounted to more than $1 billion is enough.

In the USA, the work of the exchange is regulated; details of the regulators can be found on the website for each state separately.

As for the reviews, there are no complaints about the reliability of the exchange. But clients complain about the inconvenience of depositing and withdrawing funds, and too strict control. What customers especially don't like is that Coinbase keeps track of where people spend their cryptocurrency.

Advantages and disadvantages of a crypto exchange

We can summarize briefly and make a list of the advantages and disadvantages of Coinbase. Among the strengths we note:

• excellent reputation and high reliability, more than 5 years of experience in the crypto market is worth a lot;
• the ability to transfer money between user wallets within the system without commission. Although it is difficult to imagine why and who needs this, we will still add this opportunity to the advantages;
• low commissions.

Now let's go over the shortcomings.

Hello friends, today we decided to devote an article to the Coinbase cryptocurrency wallet. In this article you will learn how to register a Coinbase wallet and its main functions. Let’s not delay the introduction for long and let’s get started.

Coinbase wallet is one of the main competitors of Bitcoin's native wallet - . Coinbase is headquartered in San Francisco, California. At the moment, these two wallets have approximately equal numbers of fans. The official Coinbase website has the domain name www.coinbase.com, and several language interfaces. But Russian is not among them, so we choose the English language that is easiest for the Russian-speaking population to understand. Let's go through the registration process.

Coinbase wallet. Registration

To register for coinbase, you need to go to the official website, it looks like this.

On the main page of the Coinbase website, find the inscription “Sign UP”, it is located in the upper right corner. In the picture, we pointed to it with a red arrow. After this, you are taken to the data entry page. You must enter your first and last name, provide your email address and create a password. Check the box next to “I agree...” and click on the big blue “Create Account” button.

After this, you will receive an email in which you will need to find a link and follow it. This is a letter that verifies your email address. By the way, after sending a letter, check not only your Inbox but also your Spam folder, because that’s where we received it.

After confirmation, you will be taken to your personal Coinbase wallet account. It is worth noting that Coinbase determines your location and on the main page gives you a report on the cost and changes in the exchange rate of the world's main cryptocurrency, in your national currency. If you wish, you can view changes in rates and other currencies that the Coinbase wallet supports - and.

In the “Settings” section of the Coibase wallet, you can configure, change, add and make any settings. It is possible to set an avatar for your account and enable two-step authentication.

In the “Accounts” section of the Coinbase exchange, you can see the balance of your accounts. Since we are using a demo account for the review, we have zeros in our section. In order to see the address of your cryptocurrency wallet, we remind you that inside your wallet you store 3 types of cryptocurrency BTC, ETH and LTC. You need to click on the “Receive” button and your address will be shown to you.

Coinbase wallet. Coinbase Wallet Affiliate Program

Coinbase is a type of cryptocurrency exchange. A significant advantage of this service is the “cold” storage of funds, 98% of them are stored on servers not connected to the network, which ensures a high level of security. The rest of the crypto located on Coinbase is covered by insurance. Also, for security purposes, a two-level authentication structure was added, confirmation of which is carried out using a mobile phone.

As for transactions with the currency itself, the coinbase wallet has very low commissions (2.5%), and when carrying out a transaction between two Coinbese users, there is no commission at all. In the software system, the exchange of cryptocurrency for fiat is carried out instantly, but this option is available only if you are a US citizen.

In fact, all the disadvantages of the Coinbase wallet in question are related to the rules of use of the system itself. So, only US residents can enjoy all the benefits (fast transactions, scanty commissions, lightning-fast cryptocurrency exchange). This creates a mixed opinion about this service. And it somewhat discriminates against all other users who do not have American citizenship.

Several years ago, cryptocurrencies were predicted to succeed and be widely implemented in all financial spheres of life, calling them the digital money of the future. And this really became true, as practice has shown. Today, due to strong changes in trading prices on exchanges, on which you can make very good money even without in-depth knowledge, as well as due to the growing interest among the growing number of its lucky owners, millions of transfers of cryptocoins are made every day, which greatly loads the network. Because of this, there are periodically long delays in confirming transactions for users of the popular platform, and miners are also forced to demand an increased commission for a faster transaction. Of course, the current situation cannot be liked, because frozen transactions do not please anyone in an era when there is already not enough time for anything. That's why I'm bringing you a review of an alternative Coinbase wallet for Bitcoin and other digital currencies. Its advantages are that transactions are confirmed several times faster, and the fees charged for transfers are much lower than in other services, and then I will tell you why this happens, and also fully describe the process of creating a Coinbass wallet.

Review of the advantages of Coinbase over Blockchain and others

The Coinbase wallet is very similar to other online wallets, including the aforementioned Blockchain, but it has several significant distinctive features:

• Fast confirmation of transactions. On many resources you can see the inscription “instantly”, but in fact, instant confirmation of transactions in the cryptocurrency system is a priori impossible due to the specific design of the algorithm. However, Coinbas easily surpasses many existing Bitcoin online wallet services in terms of transaction confirmation speed.
• Significantly lower transfer fees.
• Offers cold storage service. This term refers to the use of a special security protocol. The work is as follows: a large amount of bitcoins, which does not imply frequent use, is stored in an isolated and highly protected environment, where transfer operations are carried out extremely rarely, because the safety and security of funds comes first. And the rest, a small and actively used part of the funds, is placed on the server and used in the normal “working” mode.
• The ability to directly, without leaving your wallet, buy and sell Bitcoin cryptocurrency, as well as exchange it for dollars and euros and even pay for purchases. However, to purchase Bitcoin for the first time using USD or EURO, a user will need to transfer the currency to a Coinbase bank account and provide their bank details. To withdraw to plastic cards, user verification (photo or scan of an ID card) will also be required.
• To simply use Coinbass as a wallet, drive back and forth, transfer and receive bitcoins, no verification is needed.

Otherwise, Coinbase is equipped with standard functionality:

1. Double authentication (2FA).
2. Keys are stored on the service, and without the ability to export (which can be considered a disadvantage).
3. There are mobile applications for Android and iOS.
4. High reliability of the payment gateway operator designed for implementation in the own payment interfaces of various online stores.

How to Create a Bitcoin Wallet Coinbase

Unfortunately, Coinbass has not been completely translated into Russian, but this does not cause any difficulties, and if something happens, you can always use these instructions.

First of all, you need to go to the official website www.coinbase.com, then in the upper right corner click on the registration button (Sign UP).

A page with a registration form will load, where you will need to enter:

1. First and last name;
2. A valid email address (it is recommended to use the Gmail email service from Google);
3. Create a complex password;
4. Check the box indicating that you agree with the site rules;
5. If necessary, enter the captcha;
6. And click on the button to create a new profile.

After these steps, you will be asked to verify your email account. You should check your mail, you should receive a letter there, which you need to read and follow the link sent in order to activate your Coinbase account.

Immediately then you can log into your personal account and begin full-fledged work with both the Bitcoin wallet and other variations of the platform.

Wallet settings, including security

When dealing with finances on the Internet, the first step is to secure your online wallet as much as possible, protecting it with the most reliable and convenient methods. To do this, select the “Settings” tab in the top menu or click on your name in the upper right corner and select the “Your Profile” line from the drop-down list - these are two identical links that will lead you to the same account settings section.

A new page will open with several subsections.

In the first section "My Profile" you can change information about yourself: nickname, avatar, email, password, specify an address if necessary (using Coinbase as a wallet for storing, receiving and sending cryptocurrencies, it is not necessary to indicate this information, it will only be needed for trading currency pairs).

In the second section "Preferences" specify the desired settings: priority currencies, time zone and types of notifications received.

The third section “Security” is the most important from the point of view of the security of your bitcoins. Here you need to perform a number of certain actions without fail in order to completely protect your crypto money from theft by criminals. To do this, you will need to enable two-step authentication.

This completes all custom Coinbase security installations.

How to Use Coinbase Wallet

The only thing left to do is to find out your wallet number, go to the “Accounts” tab, where there is a list of all wallets for different cryptocurrencies: Bitcoin, Ethereum, Litecoin, their number may change over time, but the bits will remain 100%. Then on the right side you need to click on the inscription “Get Bitcoin Address” (you also need to do it opposite other currencies). A brand new wallet number just generated by the system will appear in the form of a QR code (barcode) and in its usual form, consisting of a combination of letters and numbers. It looks something like this (click on the image to view it in full size):

It is worth clarifying that after each transaction received, the wallet number in Coinbase may change, but this will not affect the overall balance in any way. And if you accidentally use the old wallet number, nothing bad will happen, the money will go to your account in any case.

Additionally, on the “Accounts” tab, you can add new cryptocurrency wallets, rename them, and also perform a complete transfer of bitcoins from one account to another (a convenient feature for a quick “move”).

How to send bitcoins to another member

To transfer BTC or other crypto to another account, go to the “Send/Request” tab, which means “send/request”. Next, to transfer bitcoins, select the Send section, and then:

1. Enter the recipient's address (Recipient), e-mail (for Coinbase users) or a combination of numbers and letters;
2. Specify the number of monetary units (Amount);
3. Select a cryptocurrency wallet to send from the drop-down list;
4. If desired, enter a note (Note);
5. Then click the "Send Funds" button. Money will be transferred to the Coinbass user almost “instantly”; transfer to other services will take some time, but as experience has shown, not as long as on other sites.

A cryptocurrency request (Request) looks exactly the same.

Other Coinbase chips

• Unfortunately, trading cryptocurrencies and using certain Coinbass functions are not available in a number of countries, including the Russian Federation. Yes, it can solve this problem, but again it all comes down to verification, so I strongly recommend using other larger and more specialized exchanges for trading. However, restrictions do not affect the operation of the wallet in any way.
• The service has a simple offer: your referral buys or sells $100, and you receive $10 for it, these are the conditions. The affiliate program is delicious, but don’t forget about the point described above.
• Ability to set up mass acceptance of cryptocurrency via API.

Where to get bitcoins

There are several simple ways to obtain bitcoins without resorting to trading on exchanges and various trading options; to do this, you need to use any proven one that allows you to exchange cryptocurrency for any other currency without any identification. This is the easiest and fastest option. In addition to exchange offices, there is a longer option for receiving satoshi, this is collecting bonuses for a very long time, but for free.

Conclusion and review of the author

Definitely the Coinbase wallet is a great alternative to blockchain giants or other similar platforms. The speed of transfers and confirmation is encouraging, which is very important for people who save their time. For traders on exchanges, for those who like to invest in highly profitable projects, for freelancers who receive payment in BTC, every minute counts and you can’t hesitate.

But remember that Coinbass does not export keys that are stored on the server, unlike the same Blockchain, the platform is reliable and has proven its professionalism, but still for some this may be a decisive factor in choosing an online Bitcoin wallet. Therefore, I prefer to store most of my bitcoins on the Blockchain, and for faster work I use Coinbase, where I always have some cryptocurrency at my disposal.

I hope you will like the functionality of Coinbass if you value your time resources.

Minimum commission fees, good luck and see you on the site!

Related Posts

I don’t know about you, but when I cash out Bitcoin or any other currency, I pay attention to 2 parameters: the security of the transaction and the best exchange rate. But the fact is that many beginners think only about the best course, forgetting about the risks.

In this article I will talk about how to exchange Bitcoins at the best rate and even compare the rates of different services. In addition, I will explain what to be wary of when cashing out cryptocurrency and what risks await users.

Important! If you do not plan to cash out large amounts of Bitcoin and are not afraid of card and tax blocking, then you can skip the security section. Click and go straight to withdrawal methods.

Do you want to earn cryptocurrency? Watch me grow my Bitcoins. First goal: 10 BTC on the exchange!

SEE HOW I EARN

Exchange security. How to cash out Bitcoins in Russia without risk?

Usually, when they talk about the safety of exchanging Bitcoins for rubles, they mean the risks that the exchanger or exchange will steal your money. But, in fact, exchangers work very professionally, and your money is more likely to be blocked by a regular bank.

Blocking of funds by the bank.

Russian banks are forced to block suspicious transactions due to Federal Law 115 (“On combating the legalization (laundering) of proceeds from crime and the financing of terrorism”), otherwise they risk losing their license.

Thus, if your receipt seems suspicious, the bank will block your funds and require you to provide evidence that the money was earned honestly.

At the moment, cryptocurrency is not regulated by law, so banks play it safe and often do not take the client’s side. They can permanently block your card, account, and sometimes money. There is also a chance that they will ask you to pay taxes on the amount you withdraw.

In itself, withdrawing cryptocurrency from your wallet is not against the law, but if you are withdrawing money by exchange (through an exchanger or a private money changer), then think in advance what story you will tell the bank employee and what evidence you can provide.

If you withdraw cryptocurrency from an exchange, then, at first glance, you are acting according to the law. But some banks may consider trading on a cryptocurrency exchange to be a form of entrepreneurship. Even if you are registered as an individual entrepreneur, it is better to clarify in advance whether the bank allows clients to use their personal plastic cards for business activities. If not, your card will be blocked, but the money will be returned through the cashier.

Thus, according to banks, you should withdraw bitcoins through the exchange to the individual entrepreneur’s current account. In this case, there will be no questions for you.

How to protect your income from blocking?

• Do not transfer large amounts at once. Do not withdraw 500 rubles at once, spread the withdrawal over a week or two. Better make 10 transactions of 50 tr.
• Use multiple cards. Get cards in several banks and distribute transactions between them. You can also connect cards from friends and relatives.
• Don't cash out. If you transferred money to a card and immediately withdrew it, this is a signal to the bank that you are cashing out. Let the funds sit for a couple of weeks, transfer them to a deposit, and pay with this card in stores.
• Become a good customer for the bank. As practice shows, if a client has a bank credit card, a loan, a deposit, a certain status (privileged client), etc., then the risk of blocking the card is reduced significantly.

In general, if you make several withdrawals per month for amounts not exceeding 50 thousand rubles, then the risk of blocking is very low. As the lump sum amount and monthly withdrawal amount increase, the risks also increase.

Is it legal to cash out Bitcoin in Russia in 2019?

As you know, our country is not particularly fond of cryptocurrencies. Therefore, before you cash out Bitcoin in Russia, you need to find out how safe it is. Will you be subject to any charges?

If you have heard the joke about Schrödenger’s cat (who is both alive and dead at the same time), then you will easily understand the status of cryptocurrency in Russia. It is neither prohibited nor permitted.

That is, there are no laws regulating Bitcoin. The legislation is still under development.

Therefore, even if you cash out Bitcoin directly into cash rubles or dollars, you have nothing to fear. You are not breaking any law.

But how can this be? We heard about criminal cases for cashing out cryptocurrency! For example, this is a high-profile case.

Yes, there were several high-profile news about arrests for cashing out Bitcoin. But the reason for the arrest was always not the fact of the exchange itself, but another crime. For example, selling drugs for cryptocurrency.

Regarding the case described above, people were accused of illegal banking activities. This article definitely won’t harm you.

Therefore, if you are an ordinary person (not a legal entity) and want to withdraw Bitcoin by exchanging it for fiat currency, then you have nothing to fear.

Do I need to pay taxes when cashing out Bitcoin?

Let's start off with. that the government really wants you to pay more taxes. Therefore, it is understood that you must pay tax on any income.

Let's say you bought 1 Bitcoin for $5,000, sold for $10,000, and made a profit of $5,000. You must pay income tax on this money, that is, 13%.

Accordingly, this income must be indicated in the declaration. And the declaration itself has been submitted to the tax office.

But firstly, cryptocurrencies are anonymous. Therefore, it is almost impossible to track where the money came from and what the basis for the transfer was. And if you withdraw Bitcoins directly into cash, then government authorities know nothing at all about your income.

Secondly, it is impossible to prove that this is income (of course, unless you tell the tax authorities about it yourself). You can always say it's a loan or gift, which is tax-deductible.

Thirdly, it is not clear how to calculate income. For example, you cashed out Bitcoin and received $5,000 for it. It seems like you have to pay tax on profits, right?

What if you bought it for 10,000? This means you are at a loss and don’t have to pay anything. But it’s not clear how you can prove this to the tax authorities. And it is even less clear how the tax authorities can prove the opposite.

While the legislation is not yet ready, the tax authorities show little interest in income from cryptocurrency.

Should I pay taxes on withdrawing Bitcoin or not? Everyone decides for themselves. Do I pay taxes on cryptocurrency? Yes, I'm crying.

Offshore card.

Many users think that if they use an offshore card, then they are 100% protected from taxes. In fact, this is not true.

Indeed, a bank in Panama will not transmit tax information about your account to the Russian authorities. But Visa and Master Card payment systems will transfer.

In general, as far as I know, in Russia there is no tax police dealing with individuals who would monitor your transactions. But if they are interested in you, they will easily receive information about transactions on your offshore card.

1. How to withdraw Bitcoins from a wallet to a bank card?

There are 2 popular services with which you can withdraw Bitcoin to your bank card: BestChange and LocalBitcoins. Let's immediately compare where the exchange is more profitable.

At the time of writing, the Bitcoin rate was 670,941 rubles according to the coindesk.com exchange.

Rate according to coindesk.com.

On BestChange, when trying to exchange Bitcoins to a Sberbank card, the maximum rate was 675,659 rubles.

Monitoring exchangers.

At the same time, the rates on LocalBitcoins turned out to be more profitable. For one Bitcoin they offered more than 700 thousand rubles.

Localbitcoins exchange rates.

You need to keep in mind that the course is constantly changing. Moreover, it is influenced not only by the exchange rate of the cryptocurrency, but also by the difference in supply and demand for a particular service. For example, if at the moment a surge in activity began and people began to intensively buy Bitcoins through exchangers, but at the same time they began to sell less, then the exchange services will make the Bitcoin purchase rate much higher than the exchange rate, but the selling rate will also rise above the exchange rate, that is, it will be very beneficial to those who want to exchange this cryptocurrency for rubles.

1.1. Withdrawing Bitcoin to a Sberbank card through monitoring BestChange exchangers.

This service combines the best online exchangers. An exchanger is a service where you can exchange one currency for another by paying a small commission. For example, you translate for Ivanova I.I. Bitcoins go to his wallet, and he transfers rubles from his card to yours.

All exchange services are sorted here by the best exchange rate. It also shows the current amount available to each exchanger and reviews about it.

How to change Bitcoins to rubles using BestChange?

1.2. Withdrawal of Bitcoins into rubles through LocalBitcoins.

This is a service that, in its operating principle, resembles an exchange. He acts as an intermediary between 2 people, one of whom wants to sell Bitcoins and the other wants to buy. On LocalBitcoins you will find not only offers from professional exchangers, but also from ordinary people.

First, let's talk a little about security. If you sell Bitcoins, then you don't need to worry about security at all. The fact is that the exchange of Bitcoins takes place through the service: first, the seller transfers them to a wallet in LocalBitcoins, then after the exchange starts, the cryptocurrency is blocked, and after payment is confirmed, it is automatically transferred to the buyer’s account.

That is, your Bitcoins will not be transferred to another person until you see the money on your card and click on the “Confirm receipt” button.

In addition, each service participant has reviews, ratings, percentage of successful transactions, etc. People spend a lot of effort and time to improve their reputation and will not cheat anyone for the sake of a few thousand rubles. If you are a newbie, you will have limited exchange amounts available until you gain enough reputation.

How to exchange Bitcoin for rubles using LocalBitcoins?

Step 1. Go to the Localbitcoins.net website, go through the registration procedure and confirm your E-mail. It is advisable to confirm your phone and identity, as well as set up two-factor authentication.

Step 2. Top up your internal wallet. To do this, click on “Wallet”, then on “Get Bitcoins”. After that, transfer the required amount to the address shown below. After the transfer, the money will appear in your internal wallet.

We replenish the internal wallet.

Step 3. Go to the “Sell Bitcoins” tab, click on “Show more” and select “Transfers through a specific bank”.

Go to the “Sell Bitcoins” tab

Then select the user you like (pay attention to reputation, percentage of successful transactions, exchange amount) and click on the “Sell” button.

Step 4: Submit a deal request. Enter the amount you want to change and click on the big green button. It is advisable to write a message to the seller, say hello and indicate the card for transfer. But this can also be found out in the process of communication.

Step 5. After the seller transfers the money to your card, you need to confirm receipt of the money and the frozen Bitcoins will be transferred to his account. After the transaction, rate the seller and leave a review.

1.3. Withdrawing money from a Bitcoin wallet through a Telegram bot.

These bots work on the same principle as the LocalBitcoins website. Only all operations take place in the Telegram messenger interface. The rate here is more profitable than on BestChange and about the same as on LocalBitcoins.

The exchange occurs in the same way as in the previous service:

• Register in Telegram (if you are not registered) and add the bot BTC_CHANGE_BOT (BTC banker). Select the Russian language and agree to the terms.
• Go to your wallet and transfer Bitcoins to your internal address.
• After the cryptocurrency is displayed in the wallet, click on the “Sell Bitcoins” button and select the desired bank.

We sell Bitcoins through a bot.

• Now you will see a list of people who are ready to buy your Bitcoins for rubles. By clicking on each of them, you can view information about each seller.
• After we have chosen a seller, we begin the transaction. To do this, we follow the bot’s requirements: indicate the exchange amount and details.
• After the seller transfers the money to your card, you will need to confirm the receipt of money and the Bitcoins will be sent to the seller's wallet.

1.4. Withdrawing Bitcoins to a card via Webmoney.

This method has several advantages. Firstly, this is a more favorable rate (read more about this below). And, secondly, withdrawal by bank transfer is available. This withdrawal method is considered official by Webmoney, so you can withdraw relatively large amounts without fear of account blocking.

Keep in mind that for a transfer to a card you will have to pay a commission of 2-3%: 1-2% per transaction, plus the standard WebMoney commission - 0.8%. For a bank transfer - 15 rubles plus 0.8%, transfer period from 1 to 5 days.

How to withdraw Bitcoins into rubles to a Sberbank card using Webmoney?

• To transfer small amounts, it will be enough to obtain a formal certificate. But, if you plan to frequently withdraw money through WebMoney, it is recommended to obtain an initial certificate. By the way, this can be done through the State Services website.
• We create a WMX wallet - this will be your Bitcoin wallet in the Webmoney service. Click on the top up button and see the address to which you need to transfer Bitcoins.

We transfer Bitcoins to WebMoney.

• After transferring Bitcoins, they will appear on your balance. Click on the “Exchange Funds” button. In the window that appears, change WMX to WMR. Now you have rubles on WebMoney and you need to withdraw them.

Select the withdrawal method.

• Now you can withdraw money to any card by paying a 2% commission. But such an exchange will be carried out through the internal WebMoney exchange, so this method is not so reliable. The second option is to link the card to the WebMoney service.

Withdrawal conditions.

• To make a withdrawal by bank transfer, go to your WMR wallet and click on the “Withdraw Funds” button and select “Bank Transfer”. Then you will need to enter your account details: BIC, Corr. account, current account number, bank INN and payment amount. After that, check and pay this invoice.

1.5. How to withdraw money from a Bitcoin wallet through exchanges?

There are not many exchanges that allow you to withdraw rubles to a plastic card or by bank transfer, and in general, not all cryptocurrency exchanges work with fiat money.

There is one exchange that is often used to withdraw rubles to a card. It's called EXMO.

Using EXMO as an example, you can see what conditions await those who decide to cash out Bitcoin in this way. The commission is not particularly large - 3% + 50 rubles. But the limits prevent you from working with really large amounts: 15,000 rubles for one withdrawal and 600,000 rubles per month.

Honestly, I trust exchangers and Webmoney more than such exchanges.

How does the withdrawal take place?

• Transfer Bitcoins to an exchange. To do this, you need to send the currency to your internal exchange wallet.

We transfer Bitcoin to the exchange.

• Exchange them for rubles. This can be done either using the exchange itself or using an internal exchanger.

We exchange it for rubles.

• Withdraw rubles to the card. There are several withdrawal methods. In our case, this is a bank transfer and withdrawal to a card. As you can see, on EXMO, withdrawal to a card is more profitable.

We order withdrawal.

Do not forget that in order to fully use all exchange tools, you must pass verification.

The two most popular BTC withdrawal directions. Where are the best courses?

Yes, now you know a sufficient number of tools with which you can withdraw Bitcoin into rubles or dollars online. But which one is the best? Where is the best rate?

Now you don’t have to go to all these services and compare courses. I did it for you.

I compared all the conditions for the most popular exchange directions: BTC - Sberbank and BTC - Qiwi. Let's see what I got.

How to withdraw Bitcoins to a Sberbank card at the best rate?

Let's see in practice what is the most profitable way to withdraw Bitcoins to a Sberbank card? To do this, we compare the courses of the most popular instruments and choose the best one.

Sberbank is the most popular Russian bank. Most citizens have a card from this bank, so this withdrawal method can be considered the most convenient and popular.

It is now February 2019. According to coinmarketcap.com, the dollar exchange rate is $4,190.

Rate according to coinmarketcap.com.

The dollar exchange rate is 65.51. So 1 BTC costs approximately 274,500 rubles.

Dollar to ruble exchange rate.

Let's say I want to exchange 0.1 BTC to a Sberbank card at the best rate (I took this amount for a more convenient account). How can I do this most profitably and not lose extra money on the course and commission?

To do this, compare all the conditions and choose the best:

• BestChange.

Exchange rates for BTC to Sberbank on Bestchange.

This service shows that you can withdraw money from Bitcoin to a Sberbank card at the rate of 272,065. That is, for 0.1 BTC I will receive 27,206 rubles on the card.

• localbitcoins

Exchange rates for BTC to Sberbank on Localbitcoin.

On Localbitcoins the rate is 274,000. This means that when I withdraw 0.1 Bitcoin, I will receive 27,400 rubles to Sberbank.

• Telegram bot.

Conditions for exchanging BTC to Sberbank in a Telegram bot.

BTC_CHANGE_BOT offers to change 0.1 BTC to 26,548 rubles.

• Exchange EXMO.

BTC to Sberbank exchange rate on the stock exchange.

The exchange rate is 270,000 rubles for 1 Bitcoin. You also need to take into account the 3% commission for withdrawal. That is, when exchanging 0.1 BTC to the card, I will receive 26,190 rubles.

Results for Sberbank:

So what is the most profitable way to withdraw money from a Bitcoin wallet to a Sberbank card?

Comparison of BTC rates - Sberbank for February 2019.

As you can see, the best rates are offered by BestChange and Localbitcoins. Worst exchange rate on the stock exchange.

How to withdraw Bitcoins to Qiwi at the best rate?

The second most popular direction for withdrawing BTC is the Qiwi wallet.

A large number of people use this payment system. Internal transfers can be made here without commission. There are Qiwi terminals all over the country where you can top up your account.

I myself actively use this payment system. I even have their plastic card.

Let's see what is the most profitable way to withdraw Bitcoins to a Qiwi wallet?

To do this, compare exchange rates. Let me remind you that the current exchange rate for today (February 2019) is 4190 dollars or 274,500 rubles per 1 BTC.

• BestChange.

BTC to Qiwi exchange rates on Bestchange.

According to the sorting results, the best rate for withdrawing Bitcoin to Qiwi turned out to be 271,280. That is, when exchanging 0.1 BTC, 27,138 rubles will come to my wallet.

• localbitcoin.

Exchange rates for BTC to Qiwi on Localbitcoins.

Here the rate is 274,500 rubles for Bitcoin. So you can exchange 0.1 BTC for Qiwi for 27,450 rubles.

• Telegram bot

Conditions for exchanging BTC to Qiwi in a Telegram bot.

BTC_CHANGE_BOT offers to change 0.1 BTC to 26,403 rubles.

• Exchange EXMO.

BTC to Qiwi exchange rate on the exchange.

As I wrote above, the exchange rate is 270,000 rubles per 1 Bitcoin. And if we take into account the 3% commission for withdrawal, then when exchanging 0.1 BTC to the wallet I will receive 26,190 rubles.

Qiwi results:

In this exchange direction we were also able to find out the best exchange rate.

Comparison of BTC - Qiwi rates for February 2019.

As you can see, the best Bitcoin withdrawal rate on Qiwi is offered by Localbitcoins. Moreover, the rate here is equal to the official one. The most unfavorable rate is again on the EXMO exchange.

2. Anonymous debit cards.

Now each payment system is trying to issue its own plastic card linked to an internal account. They usually make it possible to pay for purchases in regular stores or online without commission, which is very convenient - you don’t have to cash out at all. It’s so convenient that my wallet is already swollen with different cards.

The idea is simple and clear. You receive money on Qiwi - you pay with a Qiwi card, you receive money on Yandex Money - you pay with a Yandex Money card, you receive money on AdvCash - you pay with an AdvCash card (which will soon be blocked for everyone who does not live in the EU).

Well, Bitcoin wallets did not lag behind other payment systems and issued plastic cards linked to the balance of these wallets. These cards can be used to pay in online and physical stores, as well as withdraw money from ATMs. Bitcoins are converted into the card currency at the current exchange rate. But the problem is that almost all such cards are available only to residents of the European Union.

The remaining option is to transfer Bitcoins to one of the anonymous payment systems, convert them into dollars and withdraw them through the card of this payment system through an ATM. But here, too, the same problems await us as in the case of Bitcoin cards. For Russians, most of these cards have already become unavailable for order, and the issued cards will stop working in January 2018.

Most likely, in the near future all anonymous bank cards will be prohibited for residents of Russia. But for now there remains the possibility of withdrawing Bitcoins in this way. For example, at the moment, Russians still have access to the Money Polo card, which works with the OKPay payment system.

Withdrawing through an anonymous card will require you to pay a relatively high fee. The commission is usually paid for transferring money to a payment system wallet, transferring money to a card and for withdrawing from an ATM. If you plan to withdraw money in rubles, then be prepared to pay also for currency conversion.

As you already understand, money is withdrawn in the following way: transfer money to the payment system (officially or through exchangers), put it on the card and withdraw it from an ATM in the card currency or rubles.

3. Withdrawing Bitcoin from your wallet into cash rubles.

There is another way to cash out cryptocurrency. The exchange is carried out without the participation of banks, that is, directly into cash through an exchanger.

On the one hand, this is convenient, since the bank will not be able to block the transaction, and the tax office will not receive information about your income. On the other hand, you expect high commissions and high risks.

3.1. How to withdraw Bitcoin from your wallet through an exchanger.

There are exchangers that are willing to exchange your cryptocurrency for cash. Almost all of them are concentrated in large cities: Moscow, St. Petersburg. But if you are going to change a really large amount, then this is not a problem. For this, you can go to another city, and for a fee the courier will come to yours.

Some exchangers offer an anonymous exchange service. That is, you transfer Bitcoins and receive information about the place where the bookmark with your money is located. But I think you understand how risky such an idea is. The money may not be in the indicated place and then you will not prove anything to anyone.

How to safely cash out Bitcoin in Russia?

• Go to the website of the exchanger that offers the service of exchanging for cash. Say how much you want to exchange, or leave a standard request.
• After some time (from several hours to a day, depending on whether the required amount is in the cash register), you come to the exchanger’s office and transfer Bitcoins to the specified address in the presence of an operator.
• After several confirmations of the transaction, you take your money.

The commission for such services starts from 3-4%. The exchanger can be found, for example, on the BestChange website. Just indicate the appropriate exchange direction: Bitcoin - Cash.

Please note that the rate may be less favorable than when exchanging for a bank card.

Withdrawal rate to a bank card.

Cash withdrawal rate.

Is such an exchange legal?

At the moment, according to our legislation, Bitcoins are incomprehensible candy wrappers from the Internet. And the exchange of candy wrappers for money between two individuals is completely legal.

Above, I already talked about the high-profile arrest in Russia of a group of people involved in cashing out Bitcoins. But these people were detained for illegal banking transactions, which is not a threat to you. The exchange of Bitcoins itself does not entail punishment.

3.2. Via WebMoney.

Above, I already wrote about how to transfer Bitcoins to a WebMoney wallet. Only in this case, we withdraw money not by card, but through the official exchangers of this payment system.

Advantages of official WebMoney exchangers:

• There are more of them. If regular exchangers are located only in Moscow and St. Petersburg, then WebMoney exchangers are located in almost all cities with a population of over a million.
• Higher trust. Such exchangers are opened only with the permission of the WebMoney payment system and are controlled by it. If poor quality services are provided, WebMoney may revoke the exchanger's license.
• Contract for services. An agreement is concluded with clients before the exchange takes place. Accordingly, in this case you will be protected from potential fraud.

How to make an exchange?

• Go to the WebMoney website, find a page with information about official exchangers and enter the city you are interested in. If there is no exchanger in your city, then check the cities closest to you.

Check if there are exchangers in your city.

• We leave a request for an exchange on the exchanger’s website.
• We receive a service agreement signed by the exchanger.
• We transfer money to the specified details.
• At the specified time, we come to the office and collect the cash.

Instructions from one of the exchangers.

3.3. Withdrawal through private money changers.

On the LocalBitcoins website, on cryptocurrency forums, in the corresponding Telegram bots, etc. you can find people who are engaged in exchanging Bitcoins for cash. Here you will again be faced with the fact that most of them will be concentrated in large cities. I hope I don’t need to tell you that in advance You cannot transfer money. It is best to make the exchange directly on the spot, for example, by meeting in a cafe.

4. Withdrawing money from Bitcoin wallets through ATMs.

Another way to cash out Bitcoins that cannot be ignored is ATMs. Again, this method is currently only available to those who live in large cities.

At the moment, this withdrawal method is not very popular. Firstly, they ask for a large commission for cashing out: up to 11%. Secondly, it takes a lot of time as you have to wait for the transaction to be confirmed.

Comparison of withdrawal rates.

In order to check what is the most profitable way to cash out Bitcoin into rubles, I decided to compare exchange rates on several services at the same time.

At the time of the experiment, Yandex showed the Bitcoin rate of 967,650 rubles per 1 BTC (according to coindesk.com).

Bitcoin to ruble exchange rate.

1 Step. Now, let’s say that we will withdraw this cryptocurrency through exchangers. Then let's look at the rate on BestChange.

Courses on Bestchange.

As you can see, the most profitable exchangers offer from 920 to 926 thousand rubles per 1 BTC. The best rate at that time was 926,960 rubles.

Step 2 Let's see what LokalBitcoins has to offer. The rate here is usually higher.

Courses on Localbitcoins.

As expected, I was pleased with the course. You can exchange Bitcoins at a price of 980 - 991 thousand rubles per 1 BTC. The best rate is 992,003 rubles.

Step 3. Now let's try to make an exchange through the EXMO exchange. For example, let's use the standard exchanger of this service.

Exchange rate on the EXMO exchange.

The exchange rate is 987,948 rubles per 1 BTC. Decent rate, but do not forget that you will have to pay 2% for withdrawal. It turns out: 978,948 - 2% = 959,369 rubles - this is exactly how much you will receive on the card after paying a commission. This will be the real course.

Step 4. Let's see what WebMoney offers. Bitcoins are exchanged for rubles on the internal exchange of the payment system.

Exchange rates on WebMoney.

Here we see rates from 1021 to 1034 thousand rubles per 1 BTC. Let's take for example the rate of 1,030,000 rubles. For withdrawal by bank transfer you will pay a commission of 0.8%, that is, 1,030,000 - 0.8% = 1,021,760 rubles. When withdrawing to a card, the commission will be 2.3%: 1,030,000 - 2.3% = 1,006,310 rubles. When withdrawing through an exchanger, the commission will be from 3.8%. Let's do the math: 1,030,000 - 3.8% = 990,860 rubles.

Total.

As you can see, the best exchange rate is currently offered by WebMoney. Even withdrawing to cash through official exchangers is more profitable here than cashing out to a card. But, you need to keep in mind that to fully work with this payment system you need to undergo verification.

FAQ.

In this section, I decided to collect questions on the topic of Bitcoin withdrawal that are asked most often.

1. What is the most profitable way to withdraw money from WebMoney if bank transfer is not available?

The rules for withdrawing money from WebMoney change very often. Those methods that work now may become unavailable in the near future. At the same time, at the moment, WebMoney has the best exchange rate for Bitcoins to rubles (among the methods we discussed above), so it is profitable to use this payment system.

Firstly, if you withdraw money through official exchangers, you will pay a commission of 3.8-4.8%. But this will still be one of the most profitable ways to withdraw Bitcoin. There is another convenient way to withdraw money from WebMoney in Russia: bank cards of telecom operators.

For example, Megafon or Beeline cards. You simply top up your phone balance and the money automatically appears on the card linked to the number. You can get such a card at the offices of mobile operators. It is not personalized, so you will spend no more than 5 minutes to receive it.

The downside is the restrictions on replenishment. Only 6,500 rubles per day (that’s about 200,000 rubles per month). At the same time, the commission for replenishment is only 0.8% (standard WebMoney commission). Not suitable for large sums, but quite suitable for ordinary use. ATM withdrawal fees start at 3%. You can pay with this card without commission.

2. What method of withdrawing Bitcoins do I use?

I used to withdraw Bitcoin through exchangers. Obviously, there was not the best course, but, nevertheless, this is the most convenient way. And the Bitcoin rate is growing so quickly that you don’t even have to pay attention to their commission.

So the search for another withdrawal method was not due to the exchange rate, but more as an insurance against blocking of receipts by banks. Therefore, now I have settled on WebMoney and received the necessary certificate to work with large sums.

I got myself a Megafon card and am withdrawing money to it. This is very convenient for me, because I always pay with a bank card. Replenishment of the card is limited to 200,000 rubles per month - this amount is quite enough. If I need to cash out a larger amount, I will use an official exchange office, since they are available in almost every major city.

3. How to withdraw Bitcoins to Qiwi wallet?

Withdrawing Bitcoins to Qiwi is not much different from. You can use the same tools.

• Withdraw Bitcoin to Qiwi using BestChange. Indicate the direction of exchange “Bitcoin - Qiwi” to the table. Exchangers will be sorted by the best rate and all you have to do is go to one of them and make an exchange. You will transfer Bitcoins to the specified Qiwi wallet, and in return you will receive rubles or dollars to your wallet.
• Withdraw Bitcoins to Qiwi using LocalBitcoins. Immediately on the main page of the site you will see offers to purchase your Bitcoins for rubles or dollars of the Qiwi payment system. So you will need to choose the best offer for you and make the exchange.
• Withdrawing money from a Bitcoin wallet to Qiwi using a Telegram bot. The exchange here is carried out in the same way as with a bank card. The process itself is similar to working with LocalBitcoins.

How to withdraw Bitcoins to Yandex Money?

Yandex Money is a popular payment system in RuNet. The process of withdrawing Bitcoins to Yandex Wallet is similar to the process of withdrawing to the Qiwi payment system.

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