Move Money from Wallet to Bank Account: Guide

If you hold crypto in a self-custody or exchange wallet and want the funds to land as euros in your bank account, the process has two distinct stages. You cannot send crypto directly to an IBAN: you first need to convert it to fiat, then withdraw that fiat to your bank. Understanding this split is the key to doing it without surprises.

The two stages of moving money out

First, transfer your crypto (for example BTC) from your wallet to a regulated exchange account. Then sell it on the spot market for euros, and finally request a withdrawal to your bank via SEPA. Each stage has its own timing: on-chain transfers depend on network confirmations, while the SEPA payout usually settles within one to two business days.

What affects fees and timing

• Network fee: paid when moving crypto on-chain, set by the blockchain, not the exchange.
• Spread and trading fee: applied when you convert to euros on the spot market.
• Withdrawal method: SEPA transfers to an account in your own name are typically the cheapest and most reliable route.
• KYC status: identity verification must be complete before fiat withdrawals are enabled.

Doing it through a regulated platform

To convert and cash out safely inside the EEA, use a provider authorised under MiCA. Bybit EU is a CASP licensed by the FMA in Austria, headquartered in Vienna and serving 29 EEA countries. After completing KYC, you can move crypto into your account, sell it on the regulated spot market, and withdraw euros to your bank via SEPA. Note that from 1 July 2026, new EEA users are expected to operate through Bybit EU.

Crypto prices are volatile, and the euro value of what you withdraw depends on the market price at the moment you sell. This guide is general information, not financial advice. Always confirm fees, limits and processing times in your account before initiating a transfer, and only withdraw to a bank account held in your own name.