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.
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
1. Direct Withdrawal from Exchange to Card
Example: withdrawing 1000 USDT to euros
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
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
Risks: Depending on region and bank, your account may be temporarily frozen — test with small amounts.
Pros: Good rate, minimal risk of fraud.
Cons: Withdrawal takes 1–3 days, risk of card/block freezing.
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
Pros: Best rates, fast money.
Cons: Risk of scam (I haven’t faced any in 2 years), possible bank blocking.
3. Online Exchange Services
Use aggregators like BestChange.
- Average rate: 1 USDT = 0.879 EUR
- Calculation: 1000 / 1.1375 ≈ 879.12 EUR
Pros: Competitive rates.
Cons: Risk of scam, bank blocking risk.
4. Offline Exchange Services
- Rate: ~0.87 EUR
- 1% commission
- Calculation: 1000 × 0.87 × 0.99 = 861.3 EUR
Pros: Get cash, no tracking.
Cons: Extra 1% fees, worse rate than direct withdrawal or P2P.
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
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
Pros: Probably no account freezes (Probably).
Cons: Lose about 38 EUR per 1000 USDT — basically giving money to the exchange.
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 |
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.
I’m giving away $50 to 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
(Expect around 5 articles total.)
Winners will be randomly selected at the end of June.
Good luck — and thank you for your support!