Welcome to this post, where we will see how you can transfer your cryptocurrencies to real money in your LBank bank account.
LBank currently does not have withdrawals directly to your bank account, or it is somewhat complicated and limited to certain countries. Therefore, we will have to use another platform, in this case Binance. Since it will allow us to withdraw the money finally to the bank account. So, if you don’t have an account with Binance, and you want to follow the steps, you can create one below.
Also, you can find other guides of the LBank platform, in case you have any doubts.
Send to Binance
To withdraw cryptocurrencies from LBank, depending on the amount you will need to verify your account. If you haven’t done so, I recommend you to do it as soon as possible to be able to move your funds without problems and limitations.
We will assume that you already have USDT in your balance. If this is not your case, sell your cryptocurrencies for USDT to follow the guide. It is very fast and cheap to send.
Go to wallet and spot, and search for USDT. Click on withdraw/withdraw. Now, we will have the LBank withdrawal panel. From here, we will have to go back to Binance to get the address where to send the USDT.
To do this, go to wallet, spot wallet, and search for USDT. Here, click on deposit/deposit, and select the Tron network, and copy the Binance address. Select the address to copy it or there are buttons to copy it with one click.
Go back to LBank, and paste the Binance address. Next in network/network, we will indicate the same network that we have indicated in Binance, Tron (TRC-20). Finally, enter the amount and verify all the information you have entered. Click on withdrawal confirmed and confirm the withdrawal.
After a few minutes, if there are no problems, you should be able to see the USDT in your Binance balance.
Withdraw to real money
Now, the next step is to convert it to your currency before you can withdraw to your bank account. In my case, I need to convert USDT to euros. So let’s see how to do it.
To do this, go to markets, and FIAT markets. Here, we will have to find the pair with the currency, in my case EUR/USDT. In your case, the same with your currency instead of EUR. Let’s indicate the amount you want to buy EUR or your currency with USDT. With the amount indicated, click on Buy/buy, and that’s it. We will now have our currency.
From the main panel, you can click on withdraw or withdraw. And then go to FIAT to withdraw our currency. Next, in FIAT we will select our currency and the payment method so that they can make the payment in this selected way.
There are two options, card and transfer. The first one arrives instantly, with a 1.8% commission approx. and with transfer it arrives in 2-3 days but with a commission of 1€ approx.
After selecting the payment method, all you have to do is indicate the amount you want to withdraw and enter your card or bank account information to be credited. With the card, you can enjoy the money in your account in no time at all. Â
Thanks to this, in a few minutes you can switch from your LBank cryptocurrencies to real money in your bank account to spend. Â
I hope it has helped you to get your cryptocurrencies to real money in an easy and hassle-free way. Remember, if you don’t have an account with gate.io, you can create one just below.
Platform: Gate.io
Min. Deposit: $10
License: Cysec
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