Everyone watches cool crypto influencers and bloggers talk about the altseason — all while making money from our subscriptions, ads, and trading commissions. And many of them might not even be in the market themselves. But if altseason actually comes and you earn your profits — or if you just need to cash out your crypto — I prepared a breakdown of 5 withdrawal methods to help you keep what you earned. 5 withdrawal methods And at the end of this article — there’s a giveaway. Stay tuned! And at the end of this article — there’s a giveaway. Stay tuned! We’ll cover Direct withdrawal from exchanges to card (using Binance and ByBit as examples)
Online exchange services
Offline exchange services
P2P
Crypto cards Direct withdrawal from exchanges to card (using Binance and ByBit as examples) Online exchange services Offline exchange services P2P Crypto cards 1. Direct Withdrawal from Exchange to Card Example: withdrawing 1000 USDT to euros Example: withdrawing 1000 USDT to euros Binance Binance Rate: 1 USDT = 0.885 EUR
Fees: 1 USDT base + 0.5 EUR withdrawal
Calculation: (1000 - 1) × 0.885 - 0.5 = 883.5 EUR Rate: 1 USDT = 0.885 EUR Fees: 1 USDT base + 0.5 EUR withdrawal Calculation: (1000 - 1) × 0.885 - 0.5 = 883.5 EUR Calculation: (1000 - 1) × 0.885 - 0.5 = 883.5 EUR ByBit ByBit Rate: 1 USDT = 0.882 EUR
Fees: 1 USDT base + 0.08% + 0.28 EUR
Calculation: (1000 - 1) × 0.882 - 0.08% fee - 0.28 EUR ≈ 881 EUR Rate: 1 USDT = 0.882 EUR Fees: 1 USDT base + 0.08% + 0.28 EUR Calculation: (1000 - 1) × 0.882 - 0.08% fee - 0.28 EUR ≈ 881 EUR Calculation: (1000 - 1) × 0.882 - 0.08% fee - 0.28 EUR ≈ 881 EUR Risks: Depending on region and bank, your account may be temporarily frozen — test with small amounts. Risks: Pros: Good rate, minimal risk of fraud. Pros: Cons: Withdrawal takes 1–3 days, risk of card/block freezing. Cons: 2. P2P (My favorite) On Binance and ByBit, P2P trading fees are 0% if you place maker orders, so we just compare rates Binance average: 0.887 → 1000 × 0.887 = 887 EUR
ByBit average: 0.885 → 1000 × 0.885 = 885 EUR Binance average: 0.887 → 1000 × 0.887 = 887 EUR Binance average: 0.887 → 1000 × 0.887 = 887 EUR ByBit average: 0.885 → 1000 × 0.885 = 885 EUR ByBit average: 0.885 → 1000 × 0.885 = 885 EUR Pros: Best rates, fast money. Pros: Cons: Risk of scam (I haven’t faced any in 2 years), possible bank blocking. Cons: 3. Online Exchange Services Use aggregators like BestChange. Average rate: 1 USDT = 0.879 EUR
Calculation: 1000 / 1.1375 ≈ 879.12 EUR Average rate: 1 USDT = 0.879 EUR Calculation: 1000 / 1.1375 ≈ 879.12 EUR Calculation: 1000 / 1.1375 ≈ 879.12 EUR Pros: Competitive rates. Pros: Cons: Risk of scam, bank blocking risk. Cons: 4. Offline Exchange Services Rate: ~0.87 EUR
1% commission
Calculation: 1000 × 0.87 × 0.99 = 861.3 EUR Rate: ~0.87 EUR 1% commission Calculation: 1000 × 0.87 × 0.99 = 861.3 EUR Calculation: 1000 × 0.87 × 0.99 = 861.3 EUR Pros: Get cash, no tracking. Pros: Cons: Extra 1% fees, worse rate than direct withdrawal or P2P. Cons: 5. Crypto Cards (My least favorite, honestly a scam) Using ByBit’s crypto card fees as example: Fees: 0.5% foreign exchange + 0.9% crypto conversion + 3% FX pudding (rate slippage)
Rate: 0.885 EUR Fees: 0.5% foreign exchange + 0.9% crypto conversion + 3% FX pudding (rate slippage) Rate: 0.885 EUR Calculation: Start with 1000 USDT After 0.5% fee: 1000 × 0.995 = 995 After 0.9% fee: 995 × 0.991 = 985 Adjusted rate: 0.885 × 0.97 = 0.85845 EUR 985 × 0.85845 = 845.57 EUR 985 × 0.85845 = 845.57 EUR Pros: Probably no account freezes (Probably). Pros: Cons: Lose about 38 EUR per 1000 USDT — basically giving money to the exchange. Cons: Summary Table (Ranked by Amount Received per 1000 USDT) Rank

Method

Amount (EUR)

Pros

Cons



1

P2P (Binance)

887

Best rate, fast

Bank blocking risk



2

P2P (ByBit)

885

Cheap and quick

Bank blocking risk



3

Direct Exchange (Binance)

883.5

Good rate, trusted exchange

Slow withdrawal, freezing risk



4

Direct Exchange (ByBit)

881

Reliable exchange

Fees, slow withdrawal



5

Online Exchange Services

879.12

Competitive rates

Scam/bank risk



6

Offline Exchange Services

861.3

Cash, anonymity

Extra fees, worse rate



7

Crypto Cards

845.57

No freezing risk

High fees, worst rates Rank

Method

Amount (EUR)

Pros

Cons



1

P2P (Binance)

887

Best rate, fast

Bank blocking risk



2

P2P (ByBit)

885

Cheap and quick

Bank blocking risk



3

Direct Exchange (Binance)

883.5

Good rate, trusted exchange

Slow withdrawal, freezing risk



4

Direct Exchange (ByBit)

881

Reliable exchange

Fees, slow withdrawal



5

Online Exchange Services

879.12

Competitive rates

Scam/bank risk



6

Offline Exchange Services

861.3

Cash, anonymity

Extra fees, worse rate



7

Crypto Cards

845.57

No freezing risk

High fees, worst rates Rank

Method

Amount (EUR)

Pros

Cons Rank Rank Method Method Amount (EUR) Amount (EUR) Pros Pros Cons Cons 1

P2P (Binance)

887

Best rate, fast

Bank blocking risk 1 1 P2P (Binance) P2P (Binance) 887 887 Best rate, fast Best rate, fast Bank blocking risk Bank blocking risk 2

P2P (ByBit)

885

Cheap and quick

Bank blocking risk 2 2 P2P (ByBit) P2P (ByBit) 885 885 Cheap and quick Cheap and quick Bank blocking risk Bank blocking risk 3

Direct Exchange (Binance)

883.5

Good rate, trusted exchange

Slow withdrawal, freezing risk 3 3 Direct Exchange (Binance) Direct Exchange (Binance) 883.5 883.5 Good rate, trusted exchange Good rate, trusted exchange Slow withdrawal, freezing risk Slow withdrawal, freezing risk 4

Direct Exchange (ByBit)

881

Reliable exchange

Fees, slow withdrawal 4 4 Direct Exchange (ByBit) Direct Exchange (ByBit) 881 881 Reliable exchange Reliable exchange Fees, slow withdrawal Fees, slow withdrawal 5

Online Exchange Services

879.12

Competitive rates

Scam/bank risk 5 5 Online Exchange Services Online Exchange Services 879.12 879.12 Competitive rates Competitive rates Scam/bank risk Scam/bank risk 6

Offline Exchange Services

861.3

Cash, anonymity

Extra fees, worse rate 6 6 Offline Exchange Services Offline Exchange Services 861.3 861.3 Cash, anonymity Cash, anonymity Extra fees, worse rate Extra fees, worse rate 7

Crypto Cards

845.57

No freezing risk

High fees, worst rates 7 7 Crypto Cards Crypto Cards 845.57 845.57 No freezing risk No freezing risk High fees, worst rates High fees, worst rates Final Words I personally use P2P because it’s the most profitable and haven’t faced problems. Sometimes I withdraw directly from the exchange if its rate is better than P2P. I hate crypto cards and consider them a scam. I gave you the fishing rod — this article saved you from losing 3 to 38 USD on every 1000 USDT you withdraw. 3 to 38 USD on every 1000 USDT you withdraw I’m giving away $50 to 5 lucky readers! $50 5 lucky readers To participate, you just need to: Follow me on X (Twitter) https://x.com/Mr_Reaper_crypt
Follow me on HackerNoon
Like and comment under each of my articles published from now until June 30
Repost each article on X Follow me on X (Twitter) https://x.com/Mr_Reaper_crypt Follow me on X (Twitter) https://x.com/Mr_Reaper_crypt https://x.com/Mr_Reaper_crypt Follow me on HackerNoon Follow me on HackerNoon Like and comment under each of my articles published from now until June 30 Like and comment from now until June 30 Repost each article on X Repost each article on X (Expect around 5 articles total.) Winners will be randomly selected at the end of June. Good luck — and thank you for your support!

This story contains new, firsthand information uncovered by the writer.

The writer is smart, but don't just like, take their word for it. #DoYourOwnResearch before making any investment decisions or decisions regarding your health or security. (Do not regard any of this content as professional investment advice, or health advice)

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