List of Crypto Wallets That Allow Transfer to a Bank Account

As a sequel to that post, here is a list of crypto wallets that allow transfer to a bank account. These blockchain wallets have been chosen based on speed, security, fees, and convenience. Before listing these wallets, here is a brief overview of selecting a wallet for crypto withdrawal into a bank account.

How to Choose Crypto Wallets That Allow Transfer to a Bank Account

When selecting a crypto wallet that supports bank withdrawals, several key factors determine whether you’ll enjoy smooth transactions or face unexpected hurdles. Below, we break down the most important considerations to help you make the right choice.

• Fees, Charges, and Commissions: Transaction fees can significantly eat into your profits if you’re not careful. Some wallets charge hefty withdrawal fees ranging from 1% to 5%, while others offer free transfers for certain payment methods. Additionally, watch out for spread margins—the difference between the buy and sell price—which can silently reduce your payout. Network fees (especially for Bitcoin and Ethereum transactions) may also apply, so always check the full cost before confirming a withdrawal. For the most cost-effective options, wallets like Tectum SoftNote (zero fees) and Gemini (10 free withdrawals per month) stand out.

• Supported Tokens and Fiat Currencies: Not all wallets work with every bank or support all fiat currencies. Before committing, verify that your local bank is supported and check which currencies (USD, EUR, GBP, etc.) the platform accepts. Some wallets, like Binance and Kraken, facilitate international transfers via SEPA (Europe) or SWIFT (global networks). If your bank isn’t directly supported, you may need to use an intermediary like PayPal, which could add extra steps and fees.

• Withdrawal Speed: The time it takes to receive your money varies widely between wallets. Some, like BitPay Card and Tectum SoftNote, offer instant withdrawals, which is ideal for urgent cash needs. Most exchanges, such as Coinbase and Kraken, process withdrawals in 1-3 business days for standard transfers. However, wire transfers or additional security checks might extend the wait to 5 days or more. If speed is a priority, Crypto.com (instant card withdrawals) and Tectum (blockchain-speed transfers) are excellent choices.

• Security: Security should never be compromised when moving money between crypto and bank accounts. Opt for wallets that are regulated (e.g., Gemini’s NYDFS approval) and enforce strong KYC (Know Your Customer) verification to prevent fraud. Features like two-factor authentication (2FA) and cold storage (keeping funds offline) add extra layers of protection. Avoid wallets with poor customer reviews or lax security measures—scams and hacks can lead to irreversible losses.

For traders, quick withdrawals mean locking in profits before market fluctuations. Long-term investors need reliable cash-out options during price dips or when rebalancing portfolios. Businesses that accept crypto payments depend on smooth bank transfers for payroll and expenses. A wallet that offers fast, low-cost, and secure withdrawals ensures you stay in control of your finances without unnecessary delays or fees.

Top 10 Crypto Wallets That Allow Transfer to Bank Account

When you need to convert your cryptocurrency to fiat currency and withdraw to your bank account, these ten wallets offer reliable solutions with varying features to suit different needs.

Coinbase

It stands out as the best option for beginners, supporting major cryptocurrencies like BTC, ETH, and LTC along with over 100 others. With withdrawal limits up to $25K per day for U.S. users (and higher limits for verified accounts), Coinbase processes transfers in 1-3 business days, or instantly for debit card withdrawals. While it charges a 1.49% fee for bank transfers (with ACH being free), its user-friendly interface and FDIC-insured USD balances make it particularly appealing for those new to crypto.

Binance

For traders prioritizing low fees and high limits, Binance emerges as a top choice, supporting an impressive 350+ cryptocurrencies including BTC, BNB, and ETH. The platform accommodates withdrawals up to $2M daily for VIP users, with processing typically completed within 1-2 days (even faster for SEPA transfers in Europe). With fees ranging from 0.8% to 1.2% (and the first withdrawal each month being free), plus support for 60+ fiat currencies, Binance offers exceptional value for active traders.

Kraken

Security-focused users will appreciate Kraken, which supports 90+ cryptocurrencies, including BTC, ETH, and XRP. The platform implements tier-based verification with daily withdrawal limits reaching 500K, processing transfers in 1−5 days (instant for wires). While Kraken charges a 0.5 500K, processing transfers in 1−5 days (instant for wires). While Kraken charges a 054-$35 for bank withdrawals, its robust security measures and global accessibility make it ideal for high-volume traders who prioritize safety.

Gemini

This platform shines as the most regulation-compliant option, supporting 70+ cryptocurrencies with daily withdrawal limits of 100K forACHand100KforACHand500K for wire transfers. The NYDFS-regulated platform processes withdrawals in 1-3 days and offers 10 free withdrawals monthly, with fees otherwise ranging from 0.4% to 1.49%. Its insured hot wallet and strong compliance framework make Gemini particularly appealing for institutional and security-conscious users.

SoftNote

Developed by Tectum, this PayFi solution revolutionizes crypto transfers with its zero-fee and digital wallet for crypto assets. It supports more than 30 cryptocurrencies, including BTC, ETH, USDT, USDC, and many more. Users are spoilt for options, and can withdraw their Bitcoin directly into a bank account via 20 different fiat currencies. It has one of the cheapest commissions (0.9%) and no hidden charges or extra fees. Users can see the current exchange rate and how much they will receive after the swap.

BitPay

It specializes in instant spending solutions, supporting 15+ major cryptocurrencies including BTC, ETH, and DOGE. With $25K daily withdrawal limits, BitPay processes bank transfers in 1-2 days or offers instant access through its BitPay Card. While charging a 1% fee plus network costs for standard transfers (with no fees for card usage), BitPay excels at converting crypto to spendable fiat quickly and easily.

Crypto.com

Crypto.com supports 250+ cryptocurrencies with daily withdrawal limits up to $100,000 (higher tiers available). Bank transfers take 1-3 days, and fees vary by method (free for ACH in the U.S.). Its Visa card offers instant spending, and the platform provides competitive staking rewards, appealing to both traders and long-term holders.

eToro

This social trading platform supports 30+ cryptocurrencies, including BTC and ETH. Withdrawal limits depend on account tier (up to $10,000 daily for Platinum+ users), and transfers take 1-3 business days. While it charges a 1% conversion fee, its copy-trading features and user-friendly interface make it great for beginners.

Uphold

Uphold supports 200+ assets, including BTC, ETH, and XRP, with instant withdrawals to bank accounts (1-3 days for ACH). Fees are transparent (0.8%-1.2%), and its “Anything-to-Anything” trading allows direct crypto-to-fiat conversions. Its simplicity and multi-asset support cater to both new and experienced users.

Nexo

Nexo offers instant crypto-backed loans and bank withdrawals, supporting 40+ cryptocurrencies. Withdrawal limits vary by loyalty tier (up to $500,000 daily for Platinum users), and transfers are usually instant. While it charges small fees for exchanges, its interest-earning accounts and low-cost credit lines make it ideal for passive income seekers.

Each of these crypto wallets that allow transfer to a bank account offers distinct advantages depending on your priorities – whether that’s user-friendliness, low fees, security, compliance, spending flexibility, or instant feeless transactions. Always verify specific terms for your region, as availability and conditions may vary.

For those seeking the most cutting-edge solution, Tectum SoftNote’s revolutionary technology provides unmatched speed and cost benefits that traditional options can’t match.

Step-by-Step Guide: How to Transfer from Crypto Wallets That Allow Transfer to Bank Account

Here is a step-by-step guide on how to transfer funds from your crypto wallet to a bank account

• Sell Crypto for Fiat:
  • Navigate to the “Sell” or “Swap” section of your wallet
  • Select crypto (e.g., BTC/ETH) → choose fiat currency (USD/EUR)
  • Confirm market/limit order
• Withdraw to Bank:
  • Go to “Withdraw” → “Bank Transfer”
  • Select linked bank account (or add a new one)
  • Enter amount (check minimums) → review fees
  • Confirm via 2FA/email verification
• Processing:
  • Wait 1–5 business days (varies by platform)
  • Track status in “Transaction History”

For Peer-to-Peer (P2P) Platforms (e.g., LocalBitcoins, Paxful):

• Post a sell offer or browse buyer listings
• Agree on rate/payment method (bank transfer)
• Release crypto from escrow after payment confirmation

That said, it is essential to avoid these mistakes when transferring crypto from your blockchain wallet to a bank account:

• Delays & Fees: Many users underestimate processing times, especially during high network congestion or banking holidays. International transfers often take longer and incur hidden fees from intermediary banks. Always check both the wallet’s fee structure and your bank’s policies. Some platforms charge higher fees for instant withdrawals—compare options before proceeding.
• Wrong Account Details: Entering incorrect bank information (e.g., wrong SWIFT/IBAN) can freeze funds or trigger lengthy recovery processes. Double-check all digits before submitting. For P2P transfers, verify buyer/seller reputations to avoid scams. Never share banking login credentials—legitimate platforms never ask for this. If a deal seems too good to be true (e.g., unusually high rates), it likely is.

Fees & Limits: What to Expect with Crypto Wallets That Allow Transfer to Bank Account

Most wallets impose daily/weekly limits based on verification level ($5K–$100K/day for Tier 3 KYC). Regional restrictions apply—some platforms exclude certain countries (e.g., Binance isn’t available in some U.S. states). Banks may add extra charges for international transfers, so always confirm fees with both your wallet provider and bank beforehand.

Security Tips When Using These Crypto Wallets That Allow Transfer to a Bank Account

Always enable two-factor authentication (2FA) for an extra security layer when linking your crypto wallet to bank account. Verify bank connections through official apps only, and beware of phishing emails pretending to be from wallet providers. These scams often try to steal login credentials by mimicking legitimate services. Keeping your wallet software updated also patches potential vulnerabilities that hackers might exploit.

Opt for regulated wallets when transferring to bank accounts, as they comply with financial laws and offer fraud protection. These wallets typically require KYC verification, which adds accountability. While decentralized wallets offer more privacy, regulated ones provide better recourse if transactions go wrong. Always check a wallet’s security certifications before connecting it to your bank details.

Alternatives If Your Wallet Doesn’t Support Direct Bank Transfers

When your wallet lacks direct bank transfer options, peer-to-peer (P2P) platforms offer a reliable alternative. These marketplaces connect buyers and sellers directly, often supporting multiple payment methods. Just ensure you use escrow services and check trader ratings before completing transactions. Some P2P platforms even facilitate transfers from your crypto wallet to bank account through verified merchants.

For quicker access to funds, consider converting crypto to PayPal balances or prepaid cards. Many exchanges support these withdrawal options without needing direct bank integration. While fees may be higher than traditional transfers, these methods provide immediate liquidity. Some services even offer crypto debit cards that spend directly from your wallet balance, effectively bridging the gap between crypto and traditional banking systems.