00:00Best cryptocurrency exchanges for cash now. So we're looking at bank withdrawal fees,
00:06the speed and the true cost, comparing some of the major, major, major platforms,
00:11looking at off ramps and kind of what you can get for your buck. Right. Looking at all of these
00:19platforms, cash out Bitcoin, USDT or any other crypto to a bank account in 2027 will run you
00:27some costs, of course. So you need to consider which platform is the best one to use. We're
00:33ranking Kraken, Binance, HockeyX, BitGit and some local platforms, for example, Vala and Luna
00:39here in South Africa, Sext.io, of course, Switcher and all of these. We're looking at the fees,
00:45the spreads, the bank rails, the withdrawal speeds, the limits and also the FX costs that are
00:50associated with this. So the best exchange overall at the end of the day for buying crypto is not
00:55necessarily the best exchange for getting money back into your bank account. So cash out can
00:59involve separate costs like trading costs, crypto to fiat spreads, the FX costs, the bank withdrawal
01:05fees. And there's also a fifth cost that is a bit hard to measure. And that's the time. Right. So
01:11depending on how quickly you want your withdrawals to clear, the cheap withdrawal that takes five
01:18business days may be a little less useful than an instant bank, uh, transfer costing just a small
01:24fixed fee. So depending on what your, um, you know, kind of your preferences are, what we've actually
01:30done is also just evaluate all of the crypto off ramps using our own proprietary, um, kind of method,
01:36which is a fiat exit framework and a fiat exit cost calculator that you can actually, uh, use and kind
01:43of,
01:43uh, do the math for yourself. And, uh, all of that will be in the description. So you can go
01:49check out
01:49the full guide and, uh, be able to run through the numbers yourself, but, uh, our current kind of a
01:56list,
01:57uh, what we've concluded so far is that Kraken is the best overall crypto to bank off ramp. If it's
02:03available wherever you are, right. Uh, if, uh, I'm local to South Africa, so Vala is the best bank,
02:09uh, cash out platform, uh, and Luno, uh, locally, but, uh, in many other places you can use, uh,
02:17uh, OKX for example, which has a strong bank off ramp, uh, for kind of eligible, uh, us European
02:24customers. They have a big, uh, kind of, uh, um, entrenched relationships with, uh, mainstream banks
02:31like standard bank, for example. And, uh, if you want, you can also use the sex.io, which has a
02:38strong
02:38option. If you want a USD or Euro or, uh, British pound bank withdrawals, uh, then their platforms
02:46like BitGit, which are offer an option for Euro or CIPO withdrawals, especially with, uh, the
02:51MICA regulations right now, you want to be using, uh, those, uh, platforms that offer you the best
02:57compliant path to, uh, your, uh, liquidations, right. So you've got Binance as well, which is
03:04kind of the, you know, um, the, the biggest in most jurisdictions here, extensive, uh,
03:11local fiat infrastructure and also good P2P rails as well. And, uh, switcher is a good
03:18option for converting crypto directly into Euro bank accounts or card payouts as well. But
03:24of course, uh, if you're in the U S Coinbase might just be one of the ones that you want
03:29to use because you've got instant RTP, uh, bank cash outs as well. So at the end of the
03:35day, you need to think about that. The cheapest platform definitely depends heavily on, uh,
03:41your currency, wherever you are, your country, the banks that you use. They, uh, also think
03:46about the trading methods and even just the withdrawal side. So they are, uh, different,
03:52uh, fiat currencies, transparencies with, uh, bank rails and kind of just, uh, the fees, you
03:58know, depending on where you are. So that's why we wanted to create a tool that is able
04:03to kind of help you sift through all of that, uh, complicated data and kind of, uh, see which
04:08catch up methods are ideal for wherever you are. And, uh, you can do that by region as well.
04:14And also check out, uh, which platform might be suitable depending on what they, uh, kind
04:20of offer. For example, Kraken is, uh, like I said, is best overall. It has ACH, RTP, SIPA,
04:27FPS, Swift, uh, regional rails across, uh, uh, most of North America, Europe. And also if
04:34you want more, uh, kind of a niche platforms that are, uh, very reliable in your jurisdiction,
04:40you're able to kind of see what options are there. So go check out that, uh, uh, Fiat exit
04:46cost calculator. The link to the full guide is in the description and let me know what
04:50your thoughts are. If you want to get started with any of those platforms, use our affiliate
04:54links so you can get the best discount, best rebates, best trading fees, and all the good
04:59stuff for like, share, subscribe, let me know what your thoughts are. I'll see you guys in
05:03the next video. Peace.
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