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5 Best Ways to Withdraw Crypto Without Losing Your Hard-Earned Gains

by Bradley ReaperJune 2nd, 2025
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Not all crypto withdrawal methods are equal. I compared direct exchange transfers, P2P, online/offline exchangers, and crypto cards — tested each with real rates, calculated final payouts, and revealed where you lose the most. Spoiler: I use P2P. And I hate crypto cards.

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Everyone watches cool crypto influencers and bloggers talk about the altseason — all while making money from our subscriptions, ads, and trading commissions. And many of them might not even be in the market themselves.

But if altseason actually comes and you earn your profits — or if you just need to cash out your crypto — I prepared a breakdown of 5 withdrawal methods to help you keep what you earned.

And at the end of this article — there’s a giveaway. Stay tuned!

We’ll cover

  • Direct withdrawal from exchanges to card (using Binance and ByBit as examples)
  • Online exchange services
  • Offline exchange services
  • P2P
  • Crypto cards

1. Direct Withdrawal from Exchange to Card


Binance and ByBit Rates and fees


Example: withdrawing 1000 USDT to euros

Binance

  • Rate: 1 USDT = 0.885 EUR
  • Fees: 1 USDT base + 0.5 EUR withdrawal
  • Calculation: (1000 - 1) × 0.885 - 0.5 = 883.5 EUR

ByBit

  • Rate: 1 USDT = 0.882 EUR
  • Fees: 1 USDT base + 0.08% + 0.28 EUR
  • Calculation: (1000 - 1) × 0.882 - 0.08% fee - 0.28 EUR ≈ 881 EUR

Risks: Depending on region and bank, your account may be temporarily frozen — test with small amounts.

Pros: Good rate, minimal risk of fraud.

Cons: Withdrawal takes 1–3 days, risk of card/block freezing.


2. P2P (My favorite)


Binance and ByBit p2p fees


On Binance and ByBit, P2P trading fees are 0% if you place maker orders, so we just compare rates

  • Binance average: 0.887 → 1000 × 0.887 = 887 EUR
  • ByBit average: 0.885 → 1000 × 0.885 = 885 EUR

Pros: Best rates, fast money.

Cons: Risk of scam (I haven’t faced any in 2 years), possible bank blocking.


3. Online Exchange Services


Bestchange rates


Use aggregators like BestChange.

  • Average rate: 1 USDT = 0.879 EUR
  • Calculation: 1000 / 1.1375 ≈ 879.12 EUR

Pros: Competitive rates.

Cons: Risk of scam, bank blocking risk.


4. Offline Exchange Services

  • Rate: ~0.87 EUR
  • 1% commission
  • Calculation: 1000 × 0.87 × 0.99 = 861.3 EUR

Pros: Get cash, no tracking.

Cons: Extra 1% fees, worse rate than direct withdrawal or P2P.


5. Crypto Cards (My least favorite, honestly a scam)


ByBit Card Fees


Using ByBit’s crypto card fees as example:

  • Fees: 0.5% foreign exchange + 0.9% crypto conversion + 3% FX pudding (rate slippage)
  • Rate: 0.885 EUR

Calculation:

Start with 1000 USDT

After 0.5% fee: 1000 × 0.995 = 995

After 0.9% fee: 995 × 0.991 = 985

Adjusted rate: 0.885 × 0.97 = 0.85845 EUR

985 × 0.85845 = 845.57 EUR


Pros: Probably no account freezes (Probably).

Cons: Lose about 38 EUR per 1000 USDT — basically giving money to the exchange.


Summary Table (Ranked by Amount Received per 1000 USDT)

Rank

Method

Amount (EUR)

Pros

Cons

1

P2P (Binance)

887

Best rate, fast

Bank blocking risk

2

P2P (ByBit)

885

Cheap and quick

Bank blocking risk

3

Direct Exchange (Binance)

883.5

Good rate, trusted exchange

Slow withdrawal, freezing risk

4

Direct Exchange (ByBit)

881

Reliable exchange

Fees, slow withdrawal

5

Online Exchange Services

879.12

Competitive rates

Scam/bank risk

6

Offline Exchange Services

861.3

Cash, anonymity

Extra fees, worse rate

7

Crypto Cards

845.57

No freezing risk

High fees, worst rates


Final Words

I personally use P2P because it’s the most profitable and haven’t faced problems. Sometimes I withdraw directly from the exchange if its rate is better than P2P.

I hate crypto cards and consider them a scam.

I gave you the fishing rod — this article saved you from losing 3 to 38 USD on every 1000 USDT you withdraw.



I’m giving away $50 to 5 lucky readers!

To participate, you just need to:

  1. Follow me on X (Twitter) https://x.com/Mr_Reaper_crypt
  2. Follow me on HackerNoon
  3. Like and comment under each of my articles published from now until June 30
  4. Repost each article on X

(Expect around 5 articles total.)

Winners will be randomly selected at the end of June.

Good luck — and thank you for your support!

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