How to Withdraw Crypto Currency to Rupiah, Very Easy!

How to defrost cryptocurrency into the Rupiah exchange rate is very easy to do. Nowadays many people are interested in investing in crypto.

But, before you decide to invest, you must know how to cash out cryptocurrency. With this article, VCGamers will provide information on how to cash out cryptocurrency. 

Can Crypto Be Converted To Rupiah? 

One of the main advantages of a decentralized crypto system is that anyone can sell unlimited assets. You can sell any currency in any currency, including Rupiah. All you need to know is the minimum trading volume set by each exchange. 

You can mine cryptos like BTC through various crypto exchanges or external wallets. However, how to withdraw cryptocurrency via exchange platform will often incur additional fees. The amount of fees varies depending on the policies of each platform.

Two Ways to Cash Out Crypto Currency

There are many ways to convert crypto into Rupiah. Starting from the most common method, namely making withdrawals from exchanges, to special methods, such as P2P.

Using Exchange or Wallet

Crypto withdrawal from exchanges is the most common method used by traders and investors in crypto assets. Because, through the exchange, users can sell and buy crypto assets with the required amount. 

Each platform has different principles on how to attract crypto assets. You must pay attention to the rules that apply to the platform you will use. 

For example thawing Bitcoins to Rupiah (BTC to IDR) via exchange platforms is generally done by bank transfer. The duration differs from each other depending on the banking service used. Typically, it takes one to five business days for Bitcoin payments to reach a bank account.

Also read: Crypto Staking Platform Recommendations For Beginners 2022

Transfer Peer-to-peer (P2P) 

If you need a more private transaction and don't want to involve other parties, you can withdraw crypto via transfer peer-to-peer.

Transaction peer-to-peer is a transaction carried out from one party to another without intermediaries. Even though it seems more secure and full of privacy, you also need to be careful when making peer-to-peer bitcoin transactions.

Before making a transaction, you must first check with the second party. This is done to reduce the occurrence of fraud during transactions.

Besides being able to maintain privacy, other benefits can be obtained when making transactions peer-to-peer is service escrow. Crypto transfers are completed when the seller confirms receipt of payment. In addition, P2P transactions do not affect the daily transaction volume.

Also read: VCGamers Launches VCG Bridge Platform for All Holders

That was how to cash out crypto currency into Rupiah that you should know as a beginner. Remember, when looking for an asset into the wrong bank account it will not be returned.