We recommend you to use Coinbase.
Once you have received your winnings on your Bitcoin (BTC) wallet, you can sell your BTC balance, after it gets traded the fiat money will be sent to your Coinbase. Fiat money or fiat currency is another way to refer to your local currency (USD). There is no limit on the amount you can sell to your wallet. After selling your BTC to your Coinbase fiat wallet, you can withdraw funds directly to your bank account.
When initiating a withdrawal of a sell from your fiat wallet to your bank account, a short holding period will be placed before you can withdraw the fiat from the sell.
Your available balance is how much you can withdraw or transfer immediately out of your Coinbase account. It’s directly related to purchasing crypto or depositing fiat currency using a linked bank account.
- For security reasons, you will not be able to immediately withdraw fiat deposited using a linked bank account or send crypto purchased with such funds off of Coinbase (Coinbase calls this “withdrawal availability”).
- Wire transfers and debit card purchases do not affect your withdrawal availability, but are subject to any existing holds on your Coinbase account.