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How to Withdraw Crypto from Atomic Wallet to Bank Account Easily

Renata Pacheco

Written by

Renata Pacheco

June 4, 2024

Reviewed by

Ciaran Lawler

[key_takeaways title="Steps for withdrawing cryptocurrency from your Atomic Wallet to a bank account:"]

  1. Log in to your Atomic Wallet app.
  2. Select the cryptocurrency you wish to transfer.
  3. Choose 'Send' and enter the address that accepts crypto to fiat transactions.
  4. Input the amount you wish to withdraw, ensuring to account for any network fees.
  5. Confirm the transaction by checking all details and then clicking on 'Send'.
  6. Monitor the transaction status in the 'History' section of your wallet.

[/key_takeaways]

In today's digital economy, the ability to convert cryptocurrency into fiat currency quickly and securely is crucial for investors and everyday users alike. 

According to recent data, the number of global crypto users has surpassed 420 million, reflecting a growing need for straightforward and reliable crypto withdrawal methods.

This guide will walk you through how to efficiently withdraw your digital assets from Atomic Wallet to a bank account, ensuring your funds are transferred safely while minimizing fees and processing time.

Can I withdraw my assets from Atomic Wallet?

Yes, withdrawing your assets from the Atomic Wallet account is entirely possible and can be done with relative ease. 

This wallet supports a variety of cryptocurrencies, allowing you to transfer your assets either to another cryptocurrency wallet or to convert them into fiat currency and move them to a bank.

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What are the withdrawal options available from Atomic Wallet?

When considering withdrawing your funds from Atomic Wallet, it's essential to understand the available methods and their respective processes.

Each withdrawal option corresponds to different needs, whether you're looking to engage in further trading, secure your assets in another wallet, or convert your crypto into fiat currency for use in everyday transactions.

To a personal wallet

If you want to maintain control over your private key while managing your crypto, you can transfer it from your Atomic to another personal wallet.

This process involves generating a receiving address from your target wallet, selecting the coin or token in your Atomic Wallet, and initiating a send transaction.

Be sure to check the network fees associated with your cryptocurrency transaction to ensure sufficient funds are available for the transfer.

To a crypto exchange

For those interested in trading or cashing out to fiat, Atomic Wallet allows you to transfer your crypto to an exchange.

You'll need to log into your exchange account, obtain the deposit address for the specific cryptocurrency, and enter this into your Atomic Wallet's send function.

Pay attention to the fees and ensure that the address matches the specific coin or token to avoid losing your assets.

To a bank account via fiat gateways

Withdrawing directly to a bank involves converting your cryptocurrency into fiat currency.

While Atomic Wallet does not support direct fiat withdrawals, you can transfer your crypto to an external exchange that offers this service.

From there, sell your crypto for fiat and withdraw the money to your bank account, considering any fees, transaction limits, and processing times involved.

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How to withdraw crypto from Atomic Wallet

Withdrawing cryptocurrency from your Atomic Wallet is straightforward and designed to be accessible even for newcomers to digital currencies. 

By following these steps, you can securely transfer your crypto assets to another wallet, exchange, or convert them to fiat for withdrawal to a bank account.

1. Access your wallet

  • First, go to the Atomic Wallet app to access your private keys and manage your cryptocurrency portfolio.
  • Ensure your device has a stable internet connection to avoid any disruptions.
  • Log in using your secure password and ensure that no unauthorized person has access to your private keys.
  • Navigate to the wallet interface where your cryptocurrencies are displayed.

2. Select your crypto and amount

  • Choose the coin or token you wish to withdraw. Tap on it, then select the 'Send' option.
  • Carefully enter the amount you want to withdraw.
  • Keep in mind the balance after accounting for any fees that will be deducted.

3. Enter the address and confirm

  • Enter the address where you want to transfer your cryptocurrency. Double-check this address to avoid errors, as transactions cannot be reversed.
  • Once confirmed, review all details, including the amount and the network fee.
  • Confirm the transaction to initiate the withdrawal. The transaction will appear in your history, where you can track its progress until completion.

Withdraw to swissmoney

For those looking for a seamless transition from cryptocurrency to fiat, swissmoney offers an all-in-one financial solution that can significantly streamline the process.

With swissmoney, users have access to dedicated IBAN accounts for global fiat transactions, a versatile wallet for crypto and fiat management, and a crypto debit card for easy access to funds.

How to withdraw money from Atomic Wallet to swissmoney IBAN account

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Transferring your cryptocurrency from Atomic Wallet to a swissmoney IBAN account is streamlined thanks to swissmoney's integrated financial services. Here's how to efficiently move your funds directly:

1. Prepare your Atomic Wallet

  • Make sure your Atomic Wallet is up-to-date and securely log in.
  • Confirm that you have enough cryptocurrency for the transfer, considering any applicable fees.

2. Send crypto to swissmoney

  • Go to Atomic Wallet and navigate to the 'Send' function.

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  • Input your swissmoney wallet address — since swissmoney supports direct cryptocurrency deposits, no conversion to fiat is necessary beforehand.

3. Utilize your funds in swissmoney

  • Once your crypto arrives in your swissmoney account, you can freely use it as is or convert it to fiat within the platform, leveraging swissmoney’s wallet, IBAN, and debit card functionalities.

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  • Manage, spend, or save your funds all within swissmoney’s comprehensive financial ecosystem.

How to withdraw money from Atomic Wallet to another wallet

Withdrawing funds from your Atomic Wallet to another wallet is a streamlined process designed to ensure the security and rapid transfer of your assets. 

Follow these detailed steps to move your cryptocurrencies efficiently:

1. Access your Atomic Wallet

  • Go to the Atomic Wallet app on your device. Ensure that it is fully updated to avoid any compatibility or security issues.
  • Securely log into the app. Navigate to the cryptocurrency section to view your assets.
  • Identify and select the coin or token you intend to transfer to another wallet, ensuring the safety of your private keys during the transaction process.

2. Prepare the receiving wallet

  • Ensure that the destination wallet supports the specific cryptocurrency you are transferring. swissmoney supports many cryptos.
  • Log into your wallet to send the crypto.
  • Locate the feature to receive cryptocurrencies and generate or copy the address. It’s crucial to double-check this address for accuracy to avoid sending funds to the wrong destination.

3. Transfer the funds

  • Return to your Atomic Wallet and select the 'Send' option for the cryptocurrency you wish to transfer.
  • Paste the previously copied receiving address into the designated field.
  • Enter the amount you want to transfer, keeping in mind the network fees that will be deducted from the total amount or added on top of it, depending on the wallet settings.
  • Review all transaction details, including the address, amount, and fees, to ensure everything is correct.
  • Confirm the transaction to initiate the transfer.

4. Monitor the transaction

  • Monitor the transaction status within Atomic Wallet until it is confirmed on the blockchain.
  • You can also check the receiving wallet to confirm that the funds have arrived safely.

📚Read more: What Is a Crypto Wallet? A Beginners Guide

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How to withdraw money from Atomic Wallet to a debit card

Withdrawing money from Atomic Wallet to a debit card allows you to utilize your cryptocurrency for everyday transactions or to withdraw cash from ATMs. Here are the steps to make this possible:

1. Set up your debit card

  • Ensure your debit card can receive transfers from a crypto exchange. A Swiss money debit card, designed to facilitate easy conversions, makes this straightforward.
  • If you're using another card, you might need to set up an account with a crypto-friendly bank like swissmoney if your current bank does not support such transactions.

2. Transfer crypto to an exchange

  • Although Atomic Wallet does not support direct debit card withdrawals, you can transfer your cryptocurrency to an external exchange that offers this service. When using other services linked to your wallet, be aware that each service and coin might have its own fee structure.
  • Go to Atomic Wallet, select the cryptocurrency you want to convert, and send it to the wallet address of your chosen exchange.
  • Ensure that the exchange can convert your crypto into the fiat currency that your debit card uses, and remember to consider any fees associated with the transfer.
  • If you’re using the swissmoney debit card, this step is not necessary.

3. Withdraw to your debit card

  • Go to the exchange's withdrawal section (if you are using one), select the debit card withdrawal option, and specify the amount you wish to withdraw.
  • Enter your debit card information and confirm the transaction, completing any necessary security checks.
  • The funds should typically be available on your card within a few business days, subject to the exchange and your bank's processing times.

4. Access your funds

  • Once the funds are on your debit card, you can use them for purchases, online transactions, or ATM withdrawals.
  • If you are using a swissmoney debit card, you can enjoy seamless spending directly from your account where your converted funds reside.

📚Read more: How to Use a Crypto Card: All You Need to Know

How to transfer assets from Atomic Wallet to other popular wallets

Transferring assets from your Atomic Wallet to other popular cryptocurrency wallets like Binance or Coinbase is straightforward. This process allows you to manage, trade, or secure your crypto assets across different platforms.

Withdrawing to Binance

  1. Locate your Binance deposit address
    • Sign in to your Binance account and navigate to the 'Wallet' section.
    • Select 'Deposit' and choose the cryptocurrency you want to transfer from your Atomic Wallet.
    • Binance will provide a deposit address for that specific cryptocurrency.
  2. Prepare your Atomic Wallet
    • Open your Atomic Wallet, select the same cryptocurrency you want to transfer and go to the 'Send' section.
    • Enter the Binance deposit address you received in the previous step.
    • Double-check the address for accuracy to avoid any mistakes.
  3. Confirm and send
    • Enter the amount you wish to transfer, taking note of the fees that will apply.
    • Confirm all details are correct and finalize the transfer.
    • Monitor the status in both your Atomic Wallet and Binance until the funds are reflected in your Binance account.

Withdrawing to Coinbase

  1. Get your Coinbase receiving address
    • Log into your Coinbase account, head to the 'Accounts' section, and select the cryptocurrency you want to transfer.
    • Click on 'Receive' to generate a new wallet address, or use an existing one.
  2. Initiate the transfer from Atomic Wallet
    • Open Atomic Wallet and select the cryptocurrency you're transferring to Coinbase.
    • Navigate to the 'Send' option and input the Coinbase wallet address.
    • Ensure every detail matches precisely to prevent fund loss.
  3. Execute the Transfer
    • Specify the amount you wish to send, and remember to consider any applicable fees.
    • Review all transaction details carefully, then confirm the transaction.
    • Track the transaction until the funds have been successfully deposited into your Coinbase wallet.

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What are the common mistakes to avoid when withdrawing from Atomic Wallet?

Withdrawing funds from your Atomic Wallet requires careful attention to avoid errors that can lead to lost funds or unnecessary fees. Here are key mistakes to watch out for:

  • Incorrect receiving address: Always double-check the address you enter. A single mistake can result in permanently lost assets.
  • Ignoring network fees: These fees vary depending on blockchain congestion. Insufficient fees can lead to failed transactions.
  • Selecting the wrong coin or token: To avoid irreversible losses, confirm you're sending the correct asset type to a compatible address.
  • Outdated wallet software: Ensure your Atomic Wallet is updated to avoid errors or security risks during transactions.
  • Testing with a small amount: Before making a large transfer, send a small amount as a test to ensure all settings are correct.
  • Poor internet connection: A stable connection is critical. Weak connectivity can interrupt transactions and cause errors.
  • Lax security practices: To protect your transactions, use secure internet connections, strong passwords, and enable two-factor authentication. It's essential to safeguard your private key, as it provides critical access to your cryptocurrency assets in your wallet.

Avoiding these pitfalls will help ensure your transactions are both successful and secure.

📚Read more: Essential Guide to Protecting Your Crypto

Conclusion

Successfully withdrawing your cryptocurrency from Atomic Wallet to your desired destination, whether another wallet, a crypto exchange, or directly to a bank via fiat currency, involves careful planning and attention to detail.

Accurate address, accounting for fees, and selecting the correct asset are crucial steps to avoid common pitfalls. 

Also, keeping your private keys secure is paramount to protecting your cryptocurrency transactions against unauthorized access.

Moreover, staying updated with the latest version of your wallet software and using a stable connection can further secure your transactions.

By following these guidelines, you can confidently manage your funds, making the most out of your investments while minimizing risks.

Remember, every transaction you make is an opportunity to enhance your familiarity and proficiency with the dynamic world of cryptocurrency.

FAQs

What is Atomic Wallet?

Atomic Wallet is a decentralized cryptocurrency wallet that supports over 500 coins and tokens. 

It allows users to manage, exchange, and buy cryptocurrencies in a secure environment, without relying on external custodians. 

As a non-custodial solution, Atomic Wallet lets you store your digital assets without an intermediary broker, giving you full control over your cryptocurrencies.

How do I get crypto out of my Atomic Wallet?

To withdraw crypto from this wallet, open the application and log into the app. Once logged in, head to the wallet section and select the cryptocurrency you wish to withdraw. 

Proceed by clicking the “Send” button, where you'll need to enter the address and the amount you plan to transfer.

Why can’t I withdraw from Atomic Wallet?

Issues preventing withdrawals from this wallet typically involve network congestion, insufficient fees, or incorrect withdrawal addresses. 

Ensure you have enough balance to cover the transaction fees, check the wallet address carefully, and ensure that your connection is stable.

How long does an Atomic Wallet withdrawal take?

Withdrawal times from this wallet can vary based on the cryptocurrency’s network conditions. Typically, transactions are completed within a few minutes to several hours.

However, during periods of high network congestion, it may take longer.

How can I transfer money from Atomic Wallet to my bank account?

If you need to convert your cryptocurrency to fiat, for example, select a trusted broker or exchange where the conversion will be executed, and the fiat amount will be paid out to your bank. 

You can also transfer your crypto directly to swissmoney, which is an all-in-one solution.

How much does Atomic Wallet charge for fiat withdrawal?

Atomic Wallet itself does not facilitate direct fiat withdrawals. Fees for converting cryptocurrency to fiat and withdrawing to a bank will depend on the exchange used for this process. 

These fees can vary widely based on the exchange’s fee structure and the withdrawal method chosen.

What is the daily withdrawal limit for Atomic Wallet?

This wallet does not impose any specific daily withdrawal limits as it is a non-custodial wallet. 

However, when using services connected to the wallet, such as exchanges for converting crypto to fiat, you may encounter daily withdrawal limits set by those services.

How much does Atomic Wallet charge to withdraw?

The wallet does not charge additional fees for withdrawing cryptocurrencies, but you must pay network transaction fees, which vary depending on the blockchain used and its current congestion level.

What issues might arise when withdrawing crypto from Atomic Wallet?

Common issues include not having enough crypto to cover the transaction fees, entering incorrect recipient addresses, and delays due to blockchain congestion. 

Users might also experience technical issues with the wallet software that could necessitate updating or reinstalling the application.

Which assets can you withdraw from Atomic Wallet?

You can withdraw any of the 500+ cryptocurrencies and tokens supported by the Wallet. These include popular assets like Bitcoin, Ethereum, Ripple, Litecoin, and many ERC-20 tokens.

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