Bitspark is a bankless money transfer company that helps you convert cash to cryptocurrency, globally.
If the first question you have is about how you can buy into crypto, your next question must be how you can get revert your crypto back to fiat. The answer to both questions always depends on the desired currency, location-specific regulations and the exchange you intend to trade on.
In this article, we look at the question of how to withdraw from Binance (How to deposit into Binance is discussed separately). We will discuss two options:
Founded in 2017, Binance has grown into one of the largest crypto exchanges in the world. It is a centralised exchange (CEX) that hosts crypto-to-crypto trades. It is often praised for its low trading fees and impressively wide variety of coins available on the exchange.
It’s good to know that this option only allows for withdrawals in EUR and GBP.
The main benefit of withdrawing your funds through Bitspark is that you have a lot more local currencies to choose from, instead of only EUR and USD. Also, Bitspark enables you to revert to your local currency via bank or in cash at very low fees, depending on your method of choice.
Bitspark is a bankless money transfer ecosystem that enables businesses and people to cash in and cash out cryptocurrencies across Asia and Africa.