Hello!👋🏻 How can we help?

This field can contain only letters and spaces.

Withdrawing money from Kryptex

Nov. 24, 2020, 4:14 p.m.

Here at Kryptex we proudly offer the widest variety of fiat payout options. Withdraw bitcoins directly with the lowest fee possible.

Or simply withdraw dollars or rubles directly on any bank card of the world! 🌎

Kryptex payout options:

Volet is a free e-wallet and a payment system. They support Euro, Dollar and British pound wallets and even have their own plastic bank cards. Worldwide bank withdrawals and simple crypto exchange.

You can also track any changes and check every existing option terms in more details at this page

Cashing out bitcoins using exchange services 💱

He made comprehensive instructions on exchanging your BTC into any local currency.

Kryptex offers the widest variety of the payout options. If, for some reason, you haven't found an option suitable for you, consider withdrawing bitcoins and exchanging it on some of the following websites:

  • LocalBitcoins.com — a P2P exchange service, which means you are trading with the buyers directly. Be sure to check the reputation of the buyer/seller; a higher reputation means a more trustable buyer/seller.
  • Bestchange — automatically collects information on all the exchangers on its website and will help you compare them to each other in terms of rating and exchange rates.
  • Bitcoin.org — a fairly reliable list of international exchanges, although updated pretty infrequently.
  • BestBitcoinExchange.net — compare exchanges relying on objective parameters.
  • CoinBase.com — a fiat accepting exchange with the largest market capitalization.

⚠ Keep in mind ⚠ — exchanges provide highly varying degrees of safety, security, privacy, and control over your funds and information.

Withdrawing bitcoins for long-term storage 💰

While it is a fine practice transferring your bitcoins to exchange them, it is a very bad idea to store them on those services. It is crucial to carefully choose where you will keep your bitcoins before selecting an exchange.

The rule of thumb is — if you don’t hold the private keys, you don’t actually own the bitcoin. Period.

The Good:

  • Hardware wallet — a special purpose security-hardened devices for storing Bitcoins;
  • Multisignature wallet — one where multiple private keys are required to move the bitcoins instead of a single key, avoiding a single point of failure;
  • Offline cold storage — generating and storing private wallet keys offline on a clean, newly-installed air-gapped computer;

The Alright:

  • Hot wallet — keeping single-signature wallets with private keys kept on an online computer;
  • Web wallets with access to private keys, i.e., CoinBase.

The Worst:

  • Custodial wallets — where an exchange, broker or other third party holds your bitcoins in trust;
  • Web wallets — no direct possession of private keys, exposed keys, not verifying bitcoin's rules;
  • Paper wallets — obsolete and unsafe method of storing bitcoin;
  • Cloud storage — storing your encrypted (or not) wallet file on a cloud storage solution such as Dropbox;
  • Removable media — storing wallet files on removable media like SSD or hard drives.

Learn more about storing bitcoins on Bitcoin Wiki.

All those options got me dizzy! Help! 🚑

Fear not! Message us, we'll help with any issue 💪🏻 Replies given within one day.

This article is available in other languages:



Kryptex is a desktop application. Download the app to your PC after signing up.