How do you get your money off of blockchain?(Step-by-Step Guide)
Getting your money
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out of a blockchain wallet (like Blockchain.com) involves a few
steps because the wallet holds cryptocurrency, not cash. To turn it into real
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money
in your bank account, you need to transfer and convert it first.
First, log in to
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your Blockchain Wallet through the official website or app. Once
inside, choose the cryptocurrency you want to withdraw (for example,
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Bitcoin or
Ethereum). Tap or click “Send” and prepare to transfer it out.
Next, you need
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a place to send your crypto where it can be converted into cash.
This is usually a crypto exchange like Coinbase, Kraken, or Binance.US. In
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your
exchange account, go to Deposit, select the same cryptocurrency, and copy the wallet
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address provided.
Go back to your
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Blockchain Wallet, paste that address into the recipient field, enter
the amount you want to send, and confirm the transaction. Make sure
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everything is
correct—crypto transactions are irreversible, so sending to the wrong address can
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result in permanent loss.
After sending,
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wait for the transaction to be confirmed on the blockchain. This can
take anywhere from a few minutes to an hour or more, depending
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on the network.
Once the
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crypto arrives in your exchange account, you can sell it for cash (USD or
your local currency). After selling, go to the Withdraw or Cash Out section of the
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exchange, choose your linked bank account, and transfer the money. Standard bank transfers usually
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take 1–3 business days, while some platforms offer instant withdrawals for a fee.
It’s also
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important to keep in mind that you may pay network fees when sending
crypto and trading or withdrawal fees
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on the exchange.
In summary:
To get money off a
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blockchain wallet, follow this path:
Blockchain Wallet →
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Send crypto to exchange → Sell for cash → Withdraw to bank
account
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