How to withdraw from yobit to your bank; My way

[Luciferludz 1442]

5 hours ago, Vivek1997 said:

Withdrawal of bitcoin is little complex process, i follows following procedure:

1) Trade your bitcoins to other cryptocurrency like litecoin or ethereum, because they have small transfer charges,

2) Withdrawing litecoin, converted from bitcoins, into wazirx wallet,

3) litecoin to USD without any fee,

4) Selling USD to rupees (min 14.5 USD)(you need to complete kyc for this process).

That's it, enjoy your money.

Are you have the trustworthy with that's wazirx exchange? For me I cannot do that about that's time till the time I do research about that's exchange

[ETheHedgehog 3104]

If I'm not withdrawing a large amount i would just exchange btc to usd and then withdraw to payeer for only 2% fee

[Suhannewaz 245]

You should right in your topic your threat is for india or indian people. Anyways you also can withdraw from yobit in your card ditectly. For that you just need to convert your crypto  to usd and withdraw it from yobit is simple.

[Beromnia 733]

Welcome with me
Thanks for the topic, my friend.
litecoin to USD without any fee, I think this proposal is the best way to avoid paying fees

[Nab 263]

in you are withdrawl to the bank that the comisión is very high, it is more desirable to withdraw in cryptocurrencies for example litecoin and then send dollars some exchange, litecoin the fee is very low 

[pathgutless 81]

13 hours ago, Vivek1997 said:

Withdrawal of bitcoin is little complex process, i follows following procedure:

1) Trade your bitcoins to other cryptocurrency like litecoin or ethereum, because they have small transfer charges,

2) Withdrawing litecoin, converted from bitcoins, into wazirx wallet,

3) litecoin to USD without any fee,

4) Selling USD to rupees (min 14.5 USD)(you need to complete kyc for this process).

That's it, enjoy your money.

I prefer to withdraw money using the following scheme, Bitcoin - USD - Perfect Money, because PM transactions are very fast with a fee of only 1%.

[Migo 7946]

13 hours ago, Crypto Gamer said:

You are right about it but you can easily transfer you btc to bank account but the youbit is charging very high you can convert them to usd and send them to perfect money account them transfer them to bank account this is good way.

High fees are the reason why most of the members are converting their earnings to another coins or fiat currencies like usd or rubble, but until now yobit is doing a perfect job because it has a lot of chances to avoid those fees

[Xsimple 441]

Thanks for sharing, well there is a lot of way I think specially when withdrawing from Yobit thou there is a lot of coin there that wallet didn't work but somehow there some good coin that has small fee when withdrawing.

[vermigerous 134]

14 hours ago, Vivek1997 said:

Withdrawal of bitcoin is little complex process, i follows following procedure:

1) Trade your bitcoins to other cryptocurrency like litecoin or ethereum, because they have small transfer charges,

2) Withdrawing litecoin, converted from bitcoins, into wazirx wallet,

3) litecoin to USD without any fee,

4) Selling USD to rupees (min 14.5 USD)(you need to complete kyc for this process).

That's it, enjoy your money.

A very good strategy, but in my way i used to transfer my btc to xrp then send it to my xrp external wallet address.

[Black_Sword 539]

Trading to other crypto coins is the best way to make less fee in withdrawal, Litecoins and Ethereum is a good idea to trade it but I also suggest to trade your btc to XRP because it has also a less fee for withdrawal. By the way thanks for sharing about that information, I hope others will help them about it.

[Lunaa 238]

I think every people in here have their own way to send their assets and convert them into fiat to send to their bank account. As for me I only need to convert them to my local exchange and they will send it to my bank account just like that. It's simple.

[Saira 1077]

19 hours ago, Vivek1997 said:

Withdrawal of bitcoin is little complex process, i follows following procedure:

1) Trade your bitcoins to other cryptocurrency like litecoin or ethereum, because they have small transfer charges,

2) Withdrawing litecoin, converted from bitcoins, into wazirx wallet,

3) litecoin to USD without any fee,

4) Selling USD to rupees (min 14.5 USD)(you need to complete kyc for this process).

That's it, enjoy your money.

I agree with you it's really useful information for every member how don't know about withdrawa tanks you for sharing your useful post with us 

[Nezar 7169]

I love and prefer to convert my currency to Ethereum before withdrawing it to a blockchain wallet and this is because the Ethereum coin fee for withdrawing from the platform is very low and its price in the market is more than 230

[Elaaf 109]

Yes, you are right. Even I undertake the same steps. The process what you have explained is exclusively for all Indian crypto users, which is quite easy bit requires KYC.

[Investors Blog 385]

19 hours ago, Vivek1997 said:

Withdrawal of bitcoin is little complex process, i follows following procedure:

1) Trade your bitcoins to other cryptocurrency like litecoin or ethereum, because they have small transfer charges,

2) Withdrawing litecoin, converted from bitcoins, into wazirx wallet,

3) litecoin to USD without any fee,

4) Selling USD to rupees (min 14.5 USD)(you need to complete kyc for this process).

That's it, enjoy your money.

The number 4 is really shocking a KYC requirements for a $14.5 transaction 😄 there should an options to use a non-kyc account for a maximum transaction per day. Like in my local exchanger i can exchange upto $500 per day without undergoing any KYC.

[MohammadMohsin 569]

That's a really nice way. But I don't usually store my currencies or money on my bank. I always keep them in my secure wallets and take them out whenever I need them. 

[Fleur de Bleau 168]

 

Wazirx is available only in India or is this also international wallet like coinbase?  

[Prince90 668]

Well withdrawimg  your bitcoins from yobit is little difficult. Firstly trade your bitcoin. I will suggest you lotecoins or etherum as they have very less converting charges. Then send those lotecoins into wazirx wallet. Then convert it into USD. And there you go now you can send your money into your bank account. 

[talo122 735]

Yobit actually support many of the e wallets as a payment methods you can just transfer your bitcoin to usd and withdraw them without any late and with small fees. 

[Nohaaa 58]

On 2/11/2020 at 11:28 AM, Vivek1997 said:

Withdrawal of bitcoin is little complex process, i follows following procedure:

1) Trade your bitcoins to other cryptocurrency like litecoin or ethereum, because they have small transfer charges,

2) Withdrawing litecoin, converted from bitcoins, into wazirx wallet,

3) litecoin to USD without any fee,

4) Selling USD to rupees (min 14.5 USD)(you need to complete kyc for this process).

That's it, enjoy your money.

Really thank you for the great information but I need to know more about this trading. Why you tell us to convert Litecoin balance to usd then rupees. It is enough for me to trade in Litecoin so I will withdraw my money to my coinbase wallet. I don't understand why we should convert to rupees anyway thanks a lot. 

[tienda 8776]

Thank you for sharing this information, also you can have an account on Bitstamp website exchange and there you can exchange your Bitcoin, Ethereum, Litecoin, BitcoinCash and Ripple XRP to USD and you withdraw them to your banks account.

[Jimmy 437]

4 hours ago, talo122 said:

Yobit actually support many of the e wallets as a payment methods you can just transfer your bitcoin to usd and withdraw them without any late and with small fees. 

I think it's better to conver it on your local crypto community or third party platform that support our local currency, Yobit was indeed is good but the fee it's little bit high from my opinion but if didn't think about the fee yobit it's good enough.

[phpMailz 568]

Your method is good but it will not work with many people cause the members of this forum are from all over the world, the best way to withdraw that will satisfy all members is to convert the bitcoin to ltc and then use an exchanger to convert to western union.

[bean 515]

On ‎2‎/‎11‎/‎2020 at 9:28 AM, Vivek1997 said:

Withdrawal of bitcoin is little complex process, i follows following procedure:

1) Trade your bitcoins to other cryptocurrency like litecoin or ethereum, because they have small transfer charges,

2) Withdrawing litecoin, converted from bitcoins, into wazirx wallet,

3) litecoin to USD without any fee,

4) Selling USD to rupees (min 14.5 USD)(you need to complete kyc for this process).

That's it, enjoy your money.

This method is only for Russian users but this forum comprises of many nationality from all over the world, the best way is to send your coins from yobit and find a exchange that can send to your bank.

[el-Muhammady 718]

Withdrawals of funds from yobit is easy and fast, all you need to do is to press the create yobit code after which you wi go to your email and pick up your for withdrawal