Methods for withdrawing funds from CoinEx to a card

Recently, more and more cryptocurrency users are faced with the need to withdraw funds directly to a bank card. CoinEx, one of the leading cryptocurrency exchanges, offers convenient mechanisms for performing this operation. However, the process may seem complicated for those encountering such a task for the first time.

It should be noted that it is impossible to withdraw funds directly from the exchange to a card from the company, but alternative methods are available. In this article, we will thoroughly examine how to withdraw money from CoinEx to a card. We will discuss pitfalls and best practices to make this process as simple and safe as possible.

How to withdraw cryptocurrency from CoinEx to a card: correct withdrawal

Although direct withdrawal from CoinEx accounts is impossible, other options are available, such as third-party exchange partners, P2P markets, or online and offline exchangers. We will explain how to use them further in our article.

How to withdraw from CoinEx cryptocurrency exchange via partners without verification

To convert your cryptocurrencies into fiat money through the CoinEx platform, you should use its partner services. Log into your official website, open the “Buy Crypto” section, and select “Third-party Trading”.

Next, go to the “Sell” tab and select the cryptocurrency to withdraw: available coins include USDT, USDC, BTC, and ETH. To proceed, choose your desired fiat currency; note that the ruble is not in the supported currencies list. Then, select one of the payment partners: Guardarian, Simplex, Mercuryo, AlchemyPay, MoonPay, Volet.com, or Banxa. After choosing a partner, click “Sell”.

This will allow you to convert your selected cryptocurrency into fiat funds, which can then be withdrawn to your bank card via the chosen payment partner. Make sure to familiarize yourself with the terms of service and fees set by your partner.

Then, CoinEx will redirect you to the partner’s website – follow the instructions to withdraw your tokens into fiat money.

How to withdraw money from CoinEx to a card via P2P

To withdraw cryptocurrency to a bank card, you can also use CoinEx’s P2P trading section, which provides free withdrawal in rubles. Go to the “Buy Crypto” section and select the “P2P Trading” option.

Next, proceed to the “Sell Cryptocurrency” operation. Choose the fiat currency to receive, enter the amount of cryptocurrency you want to sell, the price per coin (currently only USDT is available), and select the payment method, usually a bank transfer, Tinkoff card, or card payment.

The system will show a list of merchants willing to perform the exchange. Choose a suitable merchant with a good rating and click “Sell”. Then, wait for the merchant to make the payment to your provided details.

Once the fiat funds are credited to your card or bank account, don’t forget to confirm receipt in the CoinEx system so that the transaction is closed, and your cryptocurrency is sent to the buyer. This guarantees the safety of the operation and protects your interests in case of disputes.

Converting cryptocurrency to fiat via exchangers

To withdraw digital assets from CoinEx to a bank card via exchange services, first log into your CoinEx account. Then, go to the “Assets” section and select the “Withdraw” tab. Here, you can choose any high-capitalization cryptocurrency for exchange.

Next, find a suitable exchanger online. After choosing an exchanger, visit their website to process an exchange request. We recommend services like Abcobmen, Coinstart, or XChange (described in how-to articles linked here).

On the exchange website, specify that you want to exchange cryptocurrency for fiat funds such as rubles, dollars, or euros, then indicate the method of receipt (e.g., bank card transfer, SBP, or cash in RUB, USD, or EUR). The exchanger will provide a wallet address to send your cryptocurrency.

Return to the CoinEx website, select the desired token and network (in our case USDT on TRC-20), paste the address received from the exchanger into the “Withdrawal Address” field, specify the amount of crypto assets you want to send, click “Withdraw” and confirm the transaction.

After confirming the operation on CoinEx, the cryptocurrency will be transferred to the exchanger’s address. Once all transactions are completed, you will receive the funds on your specified bank card or in cash at the chosen exchanger’s office. Always check all transaction details and service conditions before exchanging.

Go to the official CoinEx website

Nuances of withdrawal by different methods, problems, and their solutions

Via CoinEx partners

CoinEx cooperates with many major merchants. However, when choosing, consider the following points:

1. Fees. CoinEx partners may charge additional fees for withdrawals. Solution: study the conditions and choose a partner with the lowest fee.
2. Withdrawal limits. Some partners set restrictions on minimum and maximum withdrawal amounts. Solution: check these limits in advance and plan your transactions accordingly.
3. ID verification. Often, identity confirmation is required for operations. Solution: complete the KYC process before starting withdrawal operations.
4. Transfer speed. Withdrawals through partners may take longer than expected. Solution: choose partners with quick processing times.
5. Technical issues. Service outages are possible. Solution: contact the partner’s technical support to resolve any problems.
6. Exchange rate. It may not always be favorable. Solution: compare exchange conditions among different partners.

Choosing a reliable partner and paying attention to details will help minimize risks when withdrawing funds.

Via P2P section

The main problems when selling crypto assets for a bank card are as follows:

1. Difficulties in choosing a reliable buyer: Use platform ratings and reviews to select verified participants.
2. Risk of unauthorized transactions: Conduct transactions only through the protected CoinEx platform; avoid third-party services.
3. Long payment waiting time: Set clear deadlines for payment and monitor compliance.
4. Payment confirmation issues: Confirm receipt only after funds are actually credited to your card.
5. Currency exchange rate issues: Agree on the exchange rate in advance to avoid losses due to market fluctuations.
6. Risk of funds being blocked by the bank: Inform your bank about upcoming transactions to prevent blocking due to suspicious activity.

Remember, P2P trading involves significant risks, so use these services wisely.

Via exchangers

Exchangers are one of the safest ways to withdraw funds to a card, but some points should be considered before performing a transaction:

1. High fees. Exchange points may set high commissions exceeding standard bank or exchange rates. Clarify the cost and compare offers before exchanging.
2. Fraud risk. Use only verified exchange services to avoid falling for scams. Look for reviews and recommendations on forums and social media.
3. Confirmation problems. Exchangers may require additional documents for identity verification. Prepare these documents in advance to speed up the process.
4. Transaction processing time. Transfers through small or unreliable exchangers can take a considerable amount of time. Choose exchangers with good reviews regarding transaction speed.

Resolving these issues involves choosing a reliable, proven exchanger with transparent fee systems, clear document requirements, and fast processing.

Go to the official CoinEx website

FAQ: Questions and Answers

Does CoinEx exchange directly?

No. To withdraw funds in rubles, dollars, or other fiat currencies to a card, you can use CoinEx partner services, P2P markets, or cryptocurrency exchangers. Each method has its advantages and disadvantages.

How to withdraw money from CoinEx to a Sberbank card?

You can use the P2P section or cryptocurrency exchangers. The first method is riskier due to potential scams but more profitable (no fees and better rates).

What fees are charged for withdrawal to a card?

The fee amount varies depending on the method chosen. The highest profit can be achieved through P2P operations, which are completely fee-free. When using exchange services, the fee depends on the cryptocurrency used. Third-party platforms also set their own fees.

How long does it take to withdraw funds?

Withdrawal to a card via CoinEx partners usually takes 1 to 3 business days. Using exchangers or P2P can reduce this to 30 minutes to an hour, depending on the bank, merchant, and country of residence.

What are the withdrawal limits in Russia on CoinEx?

There are no limits on P2P. For partner services, limits depend on the reserve of the CoinEx partner, and the amount via exchangers depends on the user’s verification level (initial up to $10,000 per day and up to $50,000 per month, verified up to $1 million per day).

Can funds be withdrawn via phone?

Yes. To do this, download the app from the App Store or Google Play (depending on your OS). Then, register (if you don’t have an account) or log in. All the methods described in the article are available in the app.