While going from fiat on your bank account to CHP on your CoinPoker account takes a couple of hours. Withdrawing CHP takes a little longer, but it’s a simpler process. Withdrawing CHP from CoinPoker and converting it to fiat on your bank account takes 2 to 24 hours (depending on the time of the day the withdrawal is performed). All it takes is a few simple steps:
- Withdraw CHP, ETH, USDT or BTC to your personal crypto wallet
- Sell your CHP on Kucoin (or skip this step and use the in-app exchange)
- Withdraw from exchange to your personal crypto wallet (skip this step if you used the in-app exchange).
- Send to your bank account from your personal crypto wallet
Step 1: Withdraw from CoinPoker
Before trying to withdraw you need to decide if you want to take the longer route, to save on fees or if it’s time-sensitive. If you withdraw in ETH, USDT or BTC, you can skip ahead to Step 4. If you decide to take the longer route, Steps 2 and Step 3 will help you get to your destination.
Step 2: Sell your CHP
If you plan on cashing out to your bank account, you first need to exchange CHP to ETH, USDT or BTC. You can do this by transferring CHP to an exchange, and the most popular exchange that lists CHP is KuCoin. For more details on how to do it, get in touch with their support team.
Step 3: Withdraw ETH or BTC from Exchange
Once your CHP is sold, hopefully for a good price, you need to transfer those assets to your personal crypto wallet. All exchanges include thorough guides on how to do this, and once you’re done move on to Step 4.
Step 4: Transfer funds to your bank account
If you used a hardware or software wallet to deposit, then it’s time to create a MEW crypto wallet. Once you do, log into your account and navigate to the “Swap” section (you will see it on the left side of your screen).
Next, enter the details of the transaction you want to make, sit back and relax while the funds are transferring to your bank account. Simple as that. We recommend this method because the fees for a MEW Swap is under 1%, making it cheaper than most crypto to fiat exchange rates.