How to Cash Out Your Crypto Funds
Cryptocurrencies are no longer seen as just weird virtual money, people use them, trade with them, and even accept them as payment in their businesses. The popularity of Bitcoin and other cryptos has increased tremendously over the last 4 years but unfortunately, cashing out cryptocurrencies for fiat is still difficult.
Most of the current methods are simply inefficient, slow, and involve high fees. No one wants to cash out crypto through an exchange and wait weeks, possibly months to find out the payment was rejected.
Not all exchanges offer this option, even the most popular exchange, Binance, still doesn’t have a feature that allows users to withdraw fiat to their bank accounts although they can buy cryptos using their credit card.
At the end of the day, centralized exchanges defeat the idea behind cryptocurrencies, decentralization. They currently act like banks with the ability to close your account at any time, deny withdrawals, and in full control of your money.
The Solution? Peer-To-Peer Marketplaces
A solution exists already, P2P Marketplaces have existed for a long time, people just don’t use them as much. This is by far the best alternative to exchanges and other platforms as you interact directly with other users and can exchange your crypto using your own terms.
Vertex Market not only allows users to directly interact with each other but also an Insurance Model designed to protect sellers and buyers. The biggest issue with P2P marketplaces is the risk of fraud, something that we take very seriously.
We simply implemented an Insurance Model that will help anyone no matter what. If your account is stolen, hacked or you simply lose access, the insurance will cover it. Similarly, if the seller or buyer reverted the payment somehow, the insurance will also cover it as long as you have it active.
Vertex.Market is a peer-to-peer cryptocurrency marketplace available in more than 200 countries. We support a wide variety of payment methods including Paypal, Revolut, SEPA transfer and more.
Vertex.Market is a product of Vertex Capital (vertex-capital.io), a cryptocurrency asset management company with a focus on Middle Eastern clients, including Saudi Arabia, United Arab Emirates, Bahrain, and Kuwait.