How to withdraw your Crypto from any Platform or Wallet to your Australian Bank

The main problem in Australia currently with crypto is that the online trading platforms and wallets don't let you sell your Bitcoin or other crypto coins for $AUD. Crypto is such a new industry there is always going to be obsticales along the way so we need to find work arounds.

However, there is always a solution and I am going to share with you today a simple way for you to withdraw your crypto currencies from any trading platforms or wallet.

Step 1. You will need to go to https://www.livingroomofsatoshi.com

This is a platform that allows you to deposit any amount of Bitcoin directly into your bank account. The platform facilitates Bitcoin exchange for $AUD. Please note they do charge a 3% transaction fee.

Step 2. Click on "Pay to Bank Account"

You will need to enter your BSB and Account number with the Bitcoin amount you would like to deposit. Then press "Submit".

Step 3. Now you will see a Bitcoin address is generated

Now you need to open up your current wallet with your Bitcoin. You will then from your wallet send the Bitcoin amount that you have requested to the address provided. Make sure the amounts are the same and double check the address is the same. Please remember to account for the extra 3% transaction fee. Press send from your Bitcoin wallet.

Step 4. You will see at the bottom of the Bitcoin address a status "Listening for Payment"

After you have sent your Bitcoin to the address this will be confirmed after a few moments. You just confirm the transaction after it has been received.

Step 5. Now you have successfully withdrawn your money

It generally takes around 3 days for your money to appear in your bank account.

Note* I have only showed you how to withdraw your crypto to your bank account. If you are wanting to Pay Bills directly with Bitcoin this platform also facilitates that. So just follow the steps above again if that is something you want to do.

If you have any questions or troubles throughout the process just get in touch with me and I can help you withdraw your money.