How to Transfer Bitcoin to a Bank Account | Guide 2026

How to Withdraw Bitcoin to a Bank Account in Minutes

The crypto market rose from $535 billion in 2017 to $3 trillion market cap in 2025. The fiat off-ramp is the final step of the crypto journey. It could feel like a clash between the super-fast crypto world and the decades-old, highly regulated banking infrastructure. 

The process of exchanging crypto for fiat was defined by unreliable, anonymous peer-to-peer (P2P) transactions. Fortunately, that era is behind us. Regulation and real infrastructure have changed the game.

If you choose the compliance service, the crypto-to-fiat exchange process can be fast and easy. In this article, you will learn about the easiest, safest, and most transparent way to move your Bitcoin (BTC) from a wallet into fiat currency. 

Is It Legal to Transfer Bitcoin to a Bank Account?

Banks don’t handle Bitcoin directly. It’s always a two-step process. First, you have to convert your crypto to traditional fiat currency on a regulated platform. Then, you can withdraw your fiat currency using a traditional banking system.

In most economies, converting bitcoins to fiat and withdrawing them to your account is legal. However, it depends on the platform you use. It’s not the asset that sets the issue, but the method of conversion. 

Bitcoin is seen as a digital asset. It’s not a legal tender, such as US dollars or euros. However, selling BTC for government currency is permitted under financial law. The platform you use has to bridge the gap between unregulated crypto and the regulated world of traditional banking. 

Any reputable platform operates under strict regulatory rules. They have to follow Know Your Customers (KYC) and Anti-Money Laundering regulations. To be able to use those platforms, users have to verify their identities and provide documents.

Security measures are designed to prevent fraud, stop illicit activity, and protect your funds. If you use a non-KYC platform and something goes wrong, you can get hacked, or your funds might disappear. You have zero legal recourse. By using a compliant provider, your transactions get a protection shield. It’s treated with the same legitimacy as other financial transactions. 

Step-by-Step Guide to Transfer Bitcoin to a Bank Account

If you want to learn how to transfer Bitcoin to a bank account, you can use crypto exchange platforms online, such as Paybis. Here are the steps you can take to off-ramp your bitcoins:

1. Select the “Sell Bitcoin” Option on Paybis

The first step is conceptual. You visit the platform and select the “Sell” option. Then, you can click on the arrow below and choose “Bitcoin.”

You can’t sell Bitcoin to your bank account directly. The banking system is incapable of recognizing BTC. That’s why it has to be sold first. 

The exchange platform helps you facilitate this conversion. You put in how much BTC you want to sell. The interface locks in the rate and shows you the final amount.

2. Choose a Bank Transfer Method and Enter Your Details

The step involves choosing your payment method and entering your bank details. The exchange options you see are based on your region. For example, you would want to use SEPA if you’re in New York. In other US states, it’s ACH. For international moves, you would use SWIFT. 

ACH is a reliable and standardized way to transfer money. Since it moves in batches, ACH might feel a bit slow. SEPA in the US is designed for fast cross-border movement. It often delivers funds in hours. SWIFT is a global platform. It can move value across any continent.

To complete this step, you would need: 

• Your account holder’s name.
• Account number or IBAN.
• Bank’s code, such as SWIFT or BIC.

Your bank must be in the same name as your verified crypto account. If the names don’t match, the platform’s compliance system will flag it as a potential third-party transfer. 

3. Send Bitcoin to the Paybis Wallet Address

Once your bank details are in, step three is sending the BTCs. The platform will generate a unique Bitcoin wallet address only for one exchange request. Then, you will go to your personal wallet and send the amount to the unique address the platform gave you.

The fees come in two parts. First is the blockchain mining fee. It depends on how congested the Bitcoin network is. The second fee is the service fee. 

4. Confirm the Sale and Receive Funds in Your Bank Account

The last step is confirmation. It means that another block is added to the blockchain after your transaction. Confirmation ensures that the transaction is irreversible, and the value can be released. 

Once the transaction is confirmed, the platform converts the BTC to the fiat at the rate you locked in. Then, that fiat currency is sent using the banking rail you chose. 

How Long Does It Take to Transfer Bitcoin to a Bank?

The total exchange time depends on two separate variables — blockchain confirmation speed and bank transfer time. When the first can last up to 10 minutes, the second can vary from a few times to several business days.

Final Tips for Fast and Smooth Bitcoin-to-Bank Transfers

Here are several tips that might help you accelerate your crypto exchange:

• Send your BTC when the network is not overloaded.
• Double-check everything.
• Use regulated, established platforms.

You can look at network dashboards online for congestion. To remain compliant and explore other regulated digital assets, it is important to understand the landscape beyond just cryptocurrencies like Bitcoin. Learn what an STO is to be well aware of the options you have.

FAQ

Can you cash out Bitcoin for real money?

You can use online platforms, such as Paybis, to exchange BTC for fiat.

How much is a $1,000 Bitcoin transaction fee?

If you sell $1,000 worth of Bitcoin with your credit or debit cards, you would pay $25 in fees. 

How much would $1,000 worth of Bitcoin be worth 10 years ago?

If you invested $1,000 in BTC 10 years ago, you would have had over $500,000 worth of Bitcoin now.

How is Bitcoin taxed?

For selling Bitcoin, you will ignite a taxable event. It involves capital gains tax. The taxes can vary from region to region. You should contact your bank and read about crypto selling tax rules in your region.