5 Different Ways to Withdraw Bitcoin to Your Bank Account in 2025

Did you know that in February 2025, Bitcoin’s value passed the $100,000 mark, with experts predicting a $200,000 reach by the end of the year? As more people invest in Bitcoin, the need to convert it into cash increases. However, how do you withdraw Bitcoin into your bank account without stress? 

In this guide, we will discuss the five easiest and fastest ways to cash out your Bitcoin in 2025: 

1. Crypto exchanges
2. P2P trading
3. Bitcoin ATM
4. The OTC method
5. A Broker.

Keep reading as we delve into each Bitcoin-to-cash conversion method for speedy and secure transactions. Let’s begin! 

Five Cashout Methods to Withdraw Bitcoin to Bank Account

1. Sell Bitcoin on a Crypto Exchange

You can use any trusted crypto exchange like Binance or Coinbase to sell your Bitcoin for fiat currency. Despite a few misses, crypto exchanges are one-stop solutions to convert Bitcoin to cash. Follow the steps below for a fast way to sell your bitcoin.

• Select any trusted exchange, set up an account, and verify your identity to get started. 
• Link your bank account, as it is the only way to withdraw cash into your account. 
• Transfer Bitcoin to your account using the exchange. 
• Activate the sell order with the amount and price you want to sell. You might have to wait a minute for someone to match your order.
• Withdraw the funds to your linked bank account.

Note: Due to regulations, Nigerians can’t opt for this method and should check out the others on this list. 

2. Use Peer-to-Peer (P2P) Platforms for Direct Transactions

P2P (or Peer-to-peer trading) is a common method to sell Bitcoin for cash. Many crypto holders prefer it since it eliminates bank interference and withdrawal charges. So here is how it works: 

Bitcoin buyers post listings on the platform, often crypto exchanges, with their desired price and other essential information. If you are interested in a buyer’s offer (there are usually many buyers), you follow the platform’s instructions. 

Most platforms offer escrow services to ensure the process is secure and scam-free. It is as simple as a typical buy-and-sell trade. You can also opt for P2P Trading with friends who are willing to buy Bitcoin. 

Below is a step-by-step process of converting Bitcoin to cash on a P2P platform.

Step 1: Create an account 

Step 2: Complete the verification process, including the KYC (Know Your Customer), which requires you to upload your government ID.

Step 3: Transfer Bitcoin to the exchange wallet

Step 4: Set up fiat currency and withdrawal method

Step 5: Set up the P2P platform

Step 6: Sell Bitcoin 

If you prefer a more direct approach without relying on online platforms, crypto ATMs offer another convenient solution.

3. Withdraw Your Bitcoin through Bitcoin ATMs

A Bitcoin ATM doesn’t work like your everyday cash dispenser. Instead of connecting to your bank account, it connects to the internet to initiate Bitcoin transactions. 

The ATM works simply by scanning your wallet QR code, enabling you to sell your Bitcoin for cash. 

Bitcoin ATMs are common, and you can easily spot one through an online search. However, they are known for their high transaction fees compared to other methods. Also, they aren’t as common as typical ATMs, and not all offer the buy-sell feature. 

Here are ways to locate a Bitcoin ATM near you:

• Websites like Coin ATM Radar or CoinFlip can help you locate Bitcoin ATMs near you, along with their fees and supported operations.
• Mobile apps like Bitcoin ATM Map can also help you locate a Bitcoin ATM nearby.
• You can find a list of affiliated Bitcoin ATMs on Crypto exchanges.

4. Use the OTC method

OTC (or over-the-counter) methods are gaining popularity for their ease and speed. Crypto holders can use their Bitcoin for cash without an exchange. There are many OTC platforms, but they are not built equal. 

The Breet app is the best OTC platform in Nigeria and Ghana. It offers speedy and direct Bitcoin-to-cash transactions in an easy-to-use app. 

Once you decide to sell your Bitcoin, opt for Breet! This crypto-to-cash exchange is a reliable solution provider in Nigeria and Ghana. Among many benefits, you can get direct bank deposits without any hassle. 

5. Use a Broker 

If you have your Bitcoin in a broker, you can sell it for cash. Options like Robinhood or Webull are decent brokers with an extensive crypto-trading platform. 

Once you complete the trade, the money is in your account, and you can use it to trade again. 

Opting for this option is one of the fastest ways to sell your Bitcoin for cash.

Frequently Asked Questions (FAQs) About How to Withdraw Bitcoin to Bank Account  

What’s the quickest way to sell Bitcoin for Cash? 

OTC platforms like the Breet App are the quickest way to sell your Bitcoin for cash and have it deposited in your account. The over-the-counter solution offers speedy and secure Bitcoin-to-cash transactions, which is behind its growing popularity. 

How much is Bitcoin selling in Nigeria?

Bitcoin is pretty volatile. Hence, the best way to know the price of Bitcoin in Naira is by using the Breet crypto rate calculator. 

What app converts Bitcoin to Cash?

In Nigeria and Ghana, selling BTC has never been easier with the Breet app. You can exchange your crypto for Naira and Cedis in minutes. Plus, you have an in-app rate calculator, so you know the value of a Bitcoin in real time as you make your trade. 

How long does it take to sell Bitcoin for cash?

It depends on the method you choose. For instance, some P2P trades can take hours. If you fancy speedy transactions, opt for the Breet app. It only takes minutes to convert your Bitcoin for cash at Breet.

How much Bitcoin can you sell at a time? 

Most cashout methods have their maximum limit outlined, so it is hard to miss. However, if you want the Naira or Cedis equivalent of your Bitcoin, Breet offers the best rates regardless of how much you are selling!

How long does it take to withdraw Bitcoin to a bank account?

Depending on the platform and payment method, it typically takes 1–5 business days.

Are there fees for withdrawing Bitcoin to a bank account?

Yes, most Cryptocurrency platforms charge a small fee ranging from 1–5% for withdrawals.