How to withdraw funds from Bitvavo in 3 steps
Have you sold cryptos and do you want to withdraw the money to your bank account? In this article we will discuss how you can do this quickly in 3 steps.
Before withdrawing the money from your Bitvavo account, make sure that the correct bank account is linked to your account.
To check whether this is the case, navigate to settings and make sure your bank account is linked to your Bitvavo account.
Is the bank account you want to use for your pay out not linked to your account yet? Then you first need to deposit a small amount of money into your account from that bank account by clicking on the Deposit button. Your bank account must be in the same name as your Bitvavo account.
Step 2: sell your crypto
Before you can withdraw money, you first need to sell your crypto and convert it to euros. You do this by navigating to the crypto you want to sell and pressing sell.
Step 3: withdrawing money
Then click the withdraw button to transfer the money to your bank account. In the withdrawal window you can enter the amount you want to withdraw. Select the bank account you want to withdraw to and the withdrawal will be processed automatically!
Within Bitvavo, it is also possible to withdraw crypto to your wallet. In this article, you can read in more detail how this works.