Best Ways to Cash Out Crypto to an Online Bank Account in 2025 | Convert Crypto to Fiat

Cashing out cryptocurrency to a traditional online bank account can be challenging due to regulatory restrictions and platform policies. However, there are several ways to sell your crypto for fiat and transfer the funds seamlessly to services like Wise, Revolut, and traditional banks. In this guide, we explore the best solutions available in 2025.

1. Crypto-Friendly Banks for Direct Conversions

Xapo Bank

Xapo is a fully licensed bank that supports Bitcoin natively. Users can deposit Bitcoin, convert it into fiat, and withdraw funds to traditional bank accounts without issues. This makes Xapo a reliable option for crypto holders looking to cash out quickly.

Juno

Juno allows users to receive payments in cryptocurrency and convert them to fiat, which can be deposited into linked bank accounts. The platform provides direct deposit options and crypto debit cards for easy spending.

2. Using Crypto-Friendly Financial Platforms

Revolut

Revolut supports cryptocurrency trading and allows users to convert crypto into fiat currencies. While Wise does not support crypto transactions, Revolut can be used as an intermediary to withdraw funds. However, Revolut may request proof of the source of funds, so keeping transaction records is recommended.

N26 (Europe Only)

N26 has started integrating crypto transactions, allowing users to buy, sell, and transfer crypto funds to fiat. Although limited to specific regions, it can be a viable option for European users.

3. Peer-to-Peer (P2P) Exchanges for Selling Crypto

P2P platforms allow users to sell crypto directly to buyers who pay via bank transfers, PayPal, or other online payment systems. These methods provide flexibility and often bypass banking restrictions.

Best P2P Platforms for Cashing Out Crypto

Binance P2P – Offers secure transactions with escrow services and a variety of payment options.

Paxful – Allows selling Bitcoin and other cryptocurrencies for various fiat currencies through bank transfers.

LocalBitcoins (Alternatives like LocalCoinSwap) – Connects buyers and sellers globally for direct crypto-to-fiat transactions.

4. Cryptocurrency Debit Cards for Direct Spending

Crypto debit cards allow users to convert and spend crypto directly, often eliminating the need to transfer funds to a traditional bank.

Top Crypto Debit Cards in 2025

Crypto.com Visa Card – Allows users to load and spend crypto globally.

Coinbase Card – Directly linked to a Coinbase account for fiat withdrawals.

BitPay Card – Converts crypto to fiat and can be used like a standard debit card.

5. Traditional Cryptocurrency Exchanges for Bank Withdrawals

Some major exchanges allow direct fiat withdrawals to bank accounts, although they may not work with Wise. Instead, you can withdraw funds to a local bank before transferring them to Wise.

Best Exchanges for Fiat Withdrawals

Kraken – Allows USD, EUR, and CAD withdrawals to traditional banks.

Binance – Offers multiple withdrawal options depending on location.

Coinbase – Supports direct fiat withdrawals but requires linked bank verification.

6. Key Considerations for Cashing Out Crypto

Wise’s Policy on Crypto

Wise does not accept deposits from crypto exchanges or wallets. If you want to transfer funds to Wise, you must first withdraw to a traditional bank or an intermediary platform like Revolut.

Regulatory Compliance

Ensure that your transactions comply with local AML (Anti-Money Laundering) and KYC (Know Your Customer) regulations. Some banks and financial services may request proof of the source of funds.

Transaction Fees & Limits

Different platforms charge various fees for withdrawals. Consider using P2P options or exchanges with lower transaction costs to maximize profits.

Security & Fraud Prevention

Always use two-factor authentication (2FA) and only transact with trusted platforms to avoid scams and fraud risks.

Conclusion

Cashing out crypto to an online bank account like Wise can be done efficiently by using intermediaries such as Revolut, P2P marketplaces, or crypto-friendly banks like Xapo. Depending on your region and transaction size, different methods may be more suitable. Staying informed about changing regulations and policies will help ensure a seamless and secure cash-out process in 2025.