Welcome to this post, where we are going to see how to transfer your BCOIN to real money and have it in your bank account with 3 simple steps, in a simple way.
For this, we will use binance as the main Exchange, where we will do the final step to send the money to our bank account. If you don’t have an account with binance, you can create one just below to follow the steps.
There are other ways and exchanges to withdraw funds, but in my case I use binance and it is the most used Exchange in the world, so I recommend you to use it if you don’t do it yet.
With that said, let’s get started.
Withdrawing BCOIN from Bombcrypto to your wallet
It is very important to note that in order to withdraw BCOIN we will need a minimum of 40 BCOIN and 1 BCOIN in our wallet, or we will not be able to make any withdrawals.
If you do not have 40 BCOIN, you will need to keep playing until you reach this minimum. If you already have more than 40 BCOIN in your wallet, click on the chest symbol at the top right. Here, you will see the BCOIN symbol and a claim button. Click there and metamask will open. We confirm our transaction in the wallet and that’s it. We will have BCOIN in our wallet outside of bombcrypto.
Note that sometimes the withdrawal fails or does not let you withdraw, and you must click again claim until it appears to sign the transaction in your wallet. Also, remember that it has a 3% commission each withdrawal, so don’t be surprised if you see that you don’t have the total you have withdrawn.
From BCOIN to another cryptocurrency
With the BCOIN in our wallet, the next step is to go to pancakeswap to exchange our BCOIN for another cryptocurrency, either bnb, usdt or whatever you want. My recommendation, and in this example we will use USDT, being a stablecoin and avoiding price fluctuations while withdrawing it.
To do this, we will go to pancakeswap, click on the top right on connect wallet, and confirm in our wallet. With the wallet connected, we will go to Exchange and trade. In from we will indicate BCOIN, and in to usdt or the cryptocurrency you want to exchange your BCOIN. In from we indicate the amount of BCOIN, click on max to exchange it all and below you will see the equivalent in the other cryptocurrency that you are going to receive. If you are satisfied with the price and the exchange rate, click on swap, confirm swap and confirm the transaction in your wallet.
Now you will have the other cryptocurrency, in my case USDT, to send them to binance and finally withdraw real money to our bank account.
Send Cryptocurrencies to Binance
With the USDT, or the cryptocurrency we have exchanged, we must send it to binance. To do this, we open metamask again, and click on the cryptocurrency. Click on send, and here we have to open binance. If you don’t have an account yet, you can create one below, as you will need it.
Inside binance, from the main panel, we will go to wallet and spot wallet. Here, we will look for the cryptocurrency we want to send to binance, in my case USDT, and click on deposit. Here, we must select the bep-20 network, and copy the address. Make sure you copy the address of bep-20, otherwise you may lose the cryptocurrencies you send. If you have changed to another cryptocurrency, the operation is the same. Just make sure you always indicate bep-20 when copying the address.
Go back to metamask, and after send, paste the address you copied from binance. Indicate the amount you want to send, if you want all of it, click on max amount, and next. Finally, confirm that the information is correct, both the address and the amount you want to send and click on confirm.
After a few minutes, the cryptocurrencies, in my case USDT, should appear in the Binance account.
Selling the cryptocurrencies for your currency
With the usdt or the cryptocurrency you have sent in binance, let’s go to markets. Here, we will look for the cryptocurrency with the euro pair or your currency. In my case it is USDT/EUR, but if it were pounds or another currency, it would be USDT/GBP. Click on this pair, and go to the buy part. Here, we indicate the USDT that we have in buy, we indicate market, and we change them for euros, or your currency by clicking on the green buy button.
Now you will have euros, or your currency in your binance account. The last thing left is to withdraw it to your bank account.
From binance to your bank account
With the euros or your currency, we can finally withdraw real money to your bank account. In the main panel, click on withdraw or withdraw, and here you will have to select the method to withdraw the money to your bank account. The best option is to use the credit card, even though it has a low commission, it will arrive instantly. You can also use the bank transfer, but it will take 2-3 business days to get the money to your bank account.
Select the payment method, in this case cashout, the amount you want to withdraw in your currency, and click confirm. Enter the information for the transfer or your credit card if you have used this payment method, and that’s it. This way, you will have the euros or your currency in your bank account.
Although it may seem slow or somewhat complex, once you do it, it is very simple and really in less than 5 minutes if the network is fast, you can go from BCOIN to real money in your bank account.
I hope it has helped you to know how to go from BCOIN to real money, and be able to have it directly in your bank account paying the lowest possible commissions. Remember that if you don’t have an account with binance, just below you can find a link to create one.