Welcome to this guide, where we are going to see how you can convert your XT.com cryptocurrencies to real money with these steps.
To do this, we are going to use another platform, Binance, which will allow us to directly send our cryptocurrencies to our bank account. And now we will see how.
On XT.com you can also use the option to buy crypto, third party and go to sell crypto. Here, use a third party platform, mercuryo to withdraw cryptocurrencies to your bank account. Although it is another method, we are going to look at the one we use binance.
But first, in case you have any doubts about how certain aspects of XT.com work, you can find guides about it just below.
Send to other platforms
Let’s assume you already have USDT, as this is the cryptocurrency we will use. In case you don’t have USDT, change your cryptocurrencies you want to withdraw to this one, as we saw in the guide to buy and sell that you can find just above.
If you are wondering why to use USDT, let’s take a look at the reasons why. It is a token considered a stablecoin, so its price does not vary, it is cheap to send and it usually arrives quickly. It is also the cryptocurrency used by most platforms to buy other cryptocurrencies and can be sent with many different networks.
With the USDT ready to be sent, from the main panel, we will go to withdraw. In case you are not here, from the home page, click on the top right menu, assets and wallet. You will find yourself in this panel.
Click on withdraw and you will see the XT.com withdrawal panel. USDT comes as standard, but if it doesn’t, select USDT in coin.
Now let’s go to Binance to find out the address where we should send the funds. To do this, let’s go to wallet, and spot wallet, and search for tether (USDT). Click on deposit, and select the Tron network (trc-20) and copy the address. You can use the qr code option in case you are using a mobile device.
Now go back to XT.com with the copied address and paste it in address. Once pasted, in network just above, we will select the same one we have selected in binance, TRC20 (Tron).
We indicate the amount in amount, and below you can see the fee, which is usually 1 USDT. The minimum withdrawal of USDT is 50, so if you have a lower amount, you will have to do the same process with another cryptocurrency that allows withdrawals of lower amounts.
To finish, check all the information, tick the box and click submit. And that’s it, your withdrawal is done and on its way to binance. If you are going to send a large amount of USDT, you can first send a small amount and once it arrives send the rest, so you can check that you are doing all the steps correctly. The only thing is that you will pay 1 USDT more, but it is worth it to make sure you are doing it correctly.
From Binance to your bank account
With the USDT in Binance, it’s time to see how we can move them to our bank account. To do this, we will need to exchange the USDT for our currency, in my case it is EUR, but it works the same with USD, GBP or other.
In order to get our currency in the binance balance, we will have to go to markets, and FIAT markets. Here, search for the pair with your currency, be it EUR/USDT, USD/USDT, GBP/USDT or any other. Let’s mark the amount you want to buy and withdraw to your EUR bank account or your currency with USDT. With the amount marked click on Buy, and we will have it. You will now have your currency in your binance balance.
To check it, we will go back to the main interface, and here you will be able to see your currency now with the amount you have indicated of USDT. With the balance of our currency, you will see the withdraw button on the main panel, click there. Then the Fiat option. With this indicated, we go to the currency and payment method so that they can deposit into your account.
I recommend using a debit/credit card to get it instantly, although the fee is 1.8%. If not, you can use the transfer with a €0.80 withdrawal fee. Enter the amount you wish to withdraw and click continue. We indicate the details of the payment method you have selected, debit/credit card or transfer, and that’s it. In the case of using the card, in a few minutes you will be able to enter your bank app and see the deposit made.
I hope this has helped you withdraw your real money funds from XT.com to your bank account. If you don’t have an account with Binance, you can create one just below.