How to Cash Out Bitcoin: The Complete 2026 Guide

What Does It Mean to Cash Out Bitcoin

To cash out bitcoin means to convert your BTC into fiat currency — USD, EUR, GBP, or any other national currency — and receive it in your bank account, on a debit card, or as physical cash. For most bitcoin holders, this is the final stage of the investment cycle: buy → hold → take profit → receive money. It sounds straightforward, but the process has enough moving parts — platform choice, fees, taxes, network conditions, and security — that a well-informed approach can save you hundreds or even thousands of dollars.

Bitcoin lives on a decentralised blockchain, but everyday life — rent, mortgage, car payments, business expenses — still runs on fiat money. The infrastructure to bridge that gap has matured dramatically by 2026: regulated exchanges offer instant ACH and SEPA withdrawals, P2P platforms let you sell directly to buyers, Bitcoin ATMs provide physical cash in minutes, and OTC desks handle institutional-size lots with personalised pricing. Cashing out BTC today is no longer the complex, nerve-wracking ordeal it was in the early years of crypto.

The single most important thing to understand before you start: cashing out bitcoin is legal in virtually every major jurisdiction. In the United States, the UK, the EU, Canada, and Australia, selling BTC is a taxable event subject to capital gains rules — not a prohibited activity. Knowing this upfront eliminates unnecessary anxiety and allows you to focus on doing it efficiently and compliantly.

Five Main Methods to Cash Out Bitcoin

Every method for converting BTC into fiat comes with trade-offs between speed, cost, privacy, and minimum amounts. Understanding the landscape helps you pick the right tool for your specific situation.

Method 1: Centralised Exchange (CEX). Platforms like Coinbase, Kraken, Binance, and Gemini are the most widely used off-ramps. You sell BTC directly on the exchange for USD (or another fiat currency) and withdraw the proceeds to your linked bank account via ACH, SEPA, or wire transfer. Requires KYC verification. Trading fee: 0.1–0.5%. Withdrawal: free via ACH/SEPA, $5–30 for wire. Best for: most users, amounts from $10 to $1,000,000+.​

Method 2: P2P Platform. Binance P2P, OKX P2P, and Bybit P2P connect sellers directly with buyers. The platform escrows your BTC while the buyer sends fiat to your account. Spread close to market (0.5–2%). Requires exchange KYC. Best for: users wanting better rates and flexible payment methods.​

Method 3: Bitcoin ATM (BTM). Physical machines in convenience stores, malls, and gas stations that dispense cash after receiving BTC. No bank account needed. Fast — cash in minutes. However, fees are brutal: 7–20% in most locations. Best for: emergency cash-outs of small amounts with no other option.​

Method 4: OTC Trading Desk. Over-the-counter desks handle large block trades (typically $50,000+) directly between a seller and a professional market maker. Minimal price impact, personalised rates, full confidentiality of terms. Best for: amounts above 0.5–1 BTC where exchange slippage would be costly.

Method 5: Crypto Debit Card. Cards like Crypto.com Visa or Coinbase Card convert BTC to fiat at the point of sale or at an ATM. Convenient for spending, but not ideal for large liquidations. Conversion spread: 1–3%.​

Method Comparison Table

Criterion	CEX	P2P	Bitcoin ATM	OTC Desk	Crypto Card
Spread / Fee	0.1–0.5%	0.5–2%	7–20%	0.5–1.5%	1–3%
Speed	1–5 business days	30–120 min	Instant	Negotiated	Instant
KYC Required	Yes	Yes	Under $300 often no	Partial	Yes
Bank Needed	Yes	Yes	No	Yes	No
Minimum	~$10	~$20	$20–50	$50,000+	$1
Best For	Most users	Better rates	Emergency cash	Large amounts	Daily spending

How to Cash Out Bitcoin on a Centralised Exchange: Step-by-Step

The centralised exchange route is the safest and most straightforward way to cash out bitcoin for the vast majority of users. Here is the complete process.​

Step 1: Choose your exchange. Select a regulated, well-established platform: Coinbase (most beginner-friendly, US-focused), Kraken (low fees, strong security), Binance (highest liquidity globally). Check that the exchange operates in your country and supports withdrawal to your local bank.

Step 2: Complete KYC verification. Upload a government-issued photo ID (passport or driving licence), a selfie, and sometimes proof of address. Most platforms approve in 24–48 hours. Higher withdrawal limits require enhanced verification with additional documentation.​

Step 3: Link your bank account. Connect via ACH (US), SEPA (EU/UK), or wire transfer details. ACH and SEPA withdrawals are free on most platforms. Wire transfers cost $5–30 but arrive faster.​

Step 4: Transfer BTC to the exchange. If your bitcoin is in a self-custody wallet (Electrum, BlueWallet, Ledger, Trezor), send it to your exchange deposit address. Triple-check the address before sending — copy and paste only, never type manually. Verify the first 6 and last 6 characters after pasting.​

Step 5: Sell BTC for fiat. Navigate to "Sell" or "Trade." Select BTC and the fiat currency you want. For immediate execution use a market order. For a specific target price use a limit order — it may not fill instantly but can save you 0.5–1% on large amounts. Review the final amount including fees before confirming.

Step 6: Withdraw to your bank. Go to the withdrawal section, select your linked bank account, enter the amount, and confirm. ACH/SEPA: 1–5 business days. Wire transfer: 1–2 business days. Instant withdrawal (available on Coinbase and some others): costs an extra 1–2% but delivers funds to your debit card within minutes.​

Step 7: Save your documentation. Download the transaction history from the exchange. Save the TXID of your BTC transfer and the withdrawal confirmation. These records are essential for tax filing and in case of a bank inquiry.

How to Cash Out Bitcoin via P2P: Advantages and Process

P2P platforms offer an alternative route to cash out BTC that combines exchange-level security with near-market pricing and flexible payment options. Binance P2P is the largest global platform, with millions of active traders and dozens of payment methods.​

How P2P works. You list your bitcoin for sale or accept an existing buy order. The platform's escrow system locks your BTC immediately. The buyer sends fiat to your chosen payment method — bank transfer, PayPal, Venmo, Zelle, Revolut, or dozens of others. Once you confirm receipt of the fiat, the escrow releases your BTC to the buyer. If a dispute arises, the platform's arbitration team investigates and makes a binding decision.​

Advantages of P2P. Spread is typically 0.5–2% from market rate — significantly cheaper than Bitcoin ATMs and competitive with centralised exchanges. Payment method flexibility is unmatched: you can receive funds on nearly any digital payment platform. P2P also works in regions where direct fiat withdrawal from exchanges is restricted.

Step-by-step P2P sale. Complete KYC on your chosen exchange. Transfer BTC to the exchange wallet. Open P2P, select "Sell BTC." Review buyer listings — choose traders with 95%+ completion rate and 500+ completed trades. Enter the amount and confirm. Wait for the buyer's fiat payment. Verify the funds in your account before releasing — never confirm release without actual receipt in your account. The BTC is transferred to the buyer automatically.

Critical safety rule. Never confirm receipt of fiat unless you can see the funds in your account balance — not just a screenshot from the buyer, not a "pending" notification. Scammers send fake payment screenshots. The escrow only protects you if you follow the rules: confirm receipt only after real confirmation.

How to Cash Out a Large Amount of Bitcoin

Cashing out bitcoin in large amounts — $50,000 and above — requires a different approach from standard retail transactions. The main concerns are price impact, exchange limits, bank scrutiny, and tax planning.​

Price impact and OTC. Selling a large BTC position through the standard exchange order book causes slippage — your sell order moves the price against you as it fills. For amounts above $50,000–100,000, consider an OTC desk instead. OTC desks execute block trades at a single agreed price with zero market impact. Leading OTC providers include Cumberland, Genesis Trading, Kraken OTC, and Coinbase Prime. The typical minimum is $50,000–100,000 equivalent.

Exchange withdrawal limits. Even the largest exchanges have daily withdrawal limits. Coinbase Pro allows up to $1,000,000/day for verified accounts. Kraken's limits depend on verification tier. For very large amounts, contact the exchange's institutional or VIP desk to arrange a custom withdrawal schedule.

Splitting the sale. Dividing a large position into multiple smaller transactions across different days serves two purposes: it averages your exit price over different market conditions, and it keeps individual bank transfers at levels less likely to trigger automatic holds. A practical rule of thumb: keep individual incoming transfers under $50,000 if possible, or notify your bank in advance for larger amounts.

Notify your bank in advance. For deposits above $10,000 (in the US, this triggers mandatory CTR reporting by the bank) or for any unusually large incoming transfer, call your bank's customer service line beforehand. Explain that you will be receiving proceeds from the sale of a digital asset investment. This simple step prevents holds and freeze orders in most cases.

Bitcoin Network Fees: How to Minimise Costs When Cashing Out

The Bitcoin network fee is the payment made to miners for including your transaction in a block. It is entirely separate from the exchange's fee, and it can vary from a few dollars to over $50 during network congestion.​

Network fees are measured in sat/vByte (satoshis per virtual byte). The higher this value, the faster your transaction is confirmed. The default fee settings in most wallets auto-select based on current mempool conditions, but you can override this manually in wallets like Electrum, Sparrow, and BlueWallet.

Before sending BTC to an exchange for cash-out, check mempool.space. This free tool shows the current transaction queue, recommended fee rates for different confirmation speeds, and estimated wait times. During low-activity periods (often weekends or Asian morning hours), fees drop significantly.

Fee strategy for cash-outs. If you need the money today, select the "priority" fee level — your transaction will be included in the next 1–2 blocks (10–20 minutes). If you can wait a few hours, select "economy" — you might pay 5–10x less. For non-urgent cash-outs, monitoring the mempool and timing your transaction for low-fee windows can save $20–100+ on large amounts.

Warning: stuck transactions. If you set too low a fee and your transaction is not confirming, do not send the same BTC again — this risks double-spending errors. Instead, use the Replace-By-Fee (RBF) function in your wallet to rebroadcast the same transaction with a higher fee. If your wallet does not support RBF, wait — unconfirmed transactions eventually return to the sender's wallet after several days if not confirmed.

Fees Breakdown: True Cost of Cashing Out Bitcoin

The advertised rate on any platform is never the full story. Understanding all fee layers helps you calculate the true amount you will receive when you cash out bitcoin.​

Layer 1 — Exchange trading fee. Charged when you sell BTC for fiat on the platform. Ranges from 0.1% (Binance, Kraken) to 1.49% (Coinbase standard). Using a limit order instead of a market order can reduce this fee by 30–50% on platforms with maker/taker pricing.

Layer 2 — Fiat withdrawal fee. Charged when you move fiat from the exchange to your bank. ACH (US) and SEPA (EU): free on Binance, Kraken, Coinbase. Wire transfer: $5–30. Instant debit card withdrawal: 1–2% of the amount.

Layer 3 — Bitcoin network fee. Paid to miners when transferring BTC from your wallet to the exchange. Independent of the exchange. Typically $1–50 depending on network congestion.​

Layer 4 — Exchange deposit fee. Most exchanges do not charge for receiving BTC deposits, but verify this in the fee schedule of your chosen platform.

Real-world example. You want to cash out 0.5 BTC at a market price of $50,000/BTC (total value: $25,000).

• Network fee to send BTC to exchange: $5 (low congestion)

• Trading fee at 0.5%: $125

• ACH withdrawal fee: $0

• Total fees: $130 (0.52% of position)

• Amount received: $24,870

Compare this to a Bitcoin ATM at 10% fee: you would receive only $22,500 on the same $25,000 — a $2,370 difference. Fee awareness directly translates into money in your pocket.​

How to Cash Out Bitcoin Without KYC

Cashing out bitcoin without identity verification is possible within certain limits. Understanding where the thresholds lie helps you plan accordingly.

Bitcoin ATMs without KYC. Many BTM operators do not require ID for transactions under $300–$1,000, depending on local regulations. CoinATMRadar.com lists ATMs by operator and shows their KYC thresholds. For small, quick cash-outs with full privacy, this is the most accessible option — despite the high fees.​

No-KYC crypto exchangers. A segment of the online exchanger market operates without mandatory identity verification for transactions under certain amounts (typically $1,000–5,000 equivalent). These platforms accept bitcoin and send fiat via bank transfer or payment app. They are legal but carry higher counterparty risk — use aggregators and reputation-based directories to find trustworthy ones.

P2P in-person trades. Some P2P platforms allow cash-in-person trades where the buyer physically meets you and hands over cash. The platform escrows your BTC during the meeting. This method offers maximum privacy but requires personal safety precautions — always meet in public, well-lit locations, bring a trusted companion for large amounts.

Important caveat. Complete anonymity in fiat cash-out is largely a myth if you are using any electronic fiat payment method. The bank always knows the account holder. For genuine cash transactions — Bitcoin ATM or P2P in-person — the fiat side leaves no banking record. Plan accordingly based on your actual privacy requirements.

Tax Obligations When You Cash Out Bitcoin

Tax treatment of bitcoin cash-outs is one of the most misunderstood topics in crypto. Here is a clear, jurisdiction-by-jurisdiction overview of what you need to know.​

United States. The IRS treats bitcoin as property. Selling BTC is a taxable event. If you held for less than 12 months, gains are taxed as ordinary income (10–37% depending on your bracket). If held for 12+ months, long-term capital gains rates apply: 0%, 15%, or 20% depending on income. You must report all sales on Form 8949 and Schedule D. The IRS receives information from exchanges via Form 1099-DA (required from 2025 onwards for most US exchanges).​

United Kingdom. HMRC treats crypto as a capital asset. Capital Gains Tax applies at 18% (basic rate taxpayers) or 24% (higher rate taxpayers) on gains above the annual exempt amount (£3,000 in 2025/26). Self-assessment tax return required if gains exceed the threshold.

European Union. Rules vary by country. Germany has a unique exemption: bitcoin held for more than 12 months is tax-free on sale, regardless of amount. France applies a flat 30% PFU (prélèvement forfaitaire unique) on crypto gains. Spain taxes crypto gains as savings income at 19–28%.

Australia. ATO treats crypto as an asset. Disposal (including cash-out) is a CGT event. 50% discount on gains for assets held 12+ months. Must report on annual tax return.

Universal best practice. Keep records of every BTC purchase: date, amount, price paid, exchange used, TXID. These records establish your cost basis, which directly determines your taxable gain. Without purchase records, the entire sale proceeds may be treated as gain by tax authorities.

How to Avoid Bank Account Freezes When Cashing Out

Receiving large fiat transfers from cryptocurrency sales can trigger automatic fraud detection systems at banks. This is not a reason to panic — but it is a reason to be proactive.​

Why banks flag these transfers. Bank AML (Anti-Money Laundering) systems are trained to identify unusual patterns: large sudden deposits from new counterparties, multiple rapid incoming transfers from different sources, deposits inconsistent with the account's normal transaction history. None of these automatically mean fraud — but they trigger review flags.

Proactive steps before cashing out. Call your bank before initiating a large transfer (above $10,000 in the US). Explain that you will be receiving proceeds from the sale of a cryptocurrency investment. Most customer service representatives are familiar with this scenario. Getting the name of the representative and the date of the call provides useful documentation if issues arise later.

Use an account with transaction history. A bank account with six months or more of regular activity — salary deposits, utility payments, subscriptions — looks very different to the AML system than a dormant account suddenly receiving $50,000.

Stage large withdrawals. Spreading a large cash-out across multiple days keeps individual deposits at comfortable levels. Practical guidance: transfers below $5,000 rarely trigger review. Transfers of $5,000–50,000 occasionally trigger soft flags that are resolved quickly with a brief explanation. Transfers above $50,000 should always be preceded by a bank notification.

If your account is frozen. Contact the bank immediately via their official phone number. Provide: the exchange name and your account number there, the TXID of the transaction, a brief written explanation of the source of funds. Most freezes on crypto-related deposits are resolved within 1–5 business days after documentation is provided.

How to Cash Out Bitcoin Safely: Security Checklist

Security is non-negotiable when cashing out BTC. The irreversibility of blockchain transactions means a single mistake can result in permanent loss.​

Verify the exchange URL every single time. Phishing sites that clone legitimate exchanges are the number one attack vector. Never click a link to an exchange from email, social media, or search ads. Bookmark your exchange's official URL after your first visit and use only that bookmark.

Enable two-factor authentication (2FA) on everything. Exchange account, email account, any phone number linked to accounts. Use an authenticator app (Google Authenticator, Authy) rather than SMS-based 2FA — SIM-swapping attacks can compromise SMS codes.​

Never enter a wallet address manually. Copy and paste only. After pasting, verify the first 6 and last 6 characters of the address visually. Clipboard-hijacking malware exists that replaces copied addresses with the attacker's address.

Use a hardware wallet for storage. If you hold significant amounts of BTC, store it on a Ledger, Trezor, or Coldcard hardware wallet between transactions. Transfer to a hot wallet only the amount you intend to sell.​

Test with a small amount first. When using any exchanger for the first time, send a small test amount — $20–50 equivalent. Verify it arrives correctly before sending the full amount.

Save the TXID immediately. Copy and save the transaction ID the moment you broadcast your transfer. It is the only proof that you sent the BTC and when. It cannot be recovered if lost and the exchange disputes receipt.

Check AML status of your coins. If your BTC was acquired through a source you are not fully certain about, check the wallet's AML risk score through Crystal Blockchain or Chainalysis before sending to a KYC exchange. Flagged coins can be frozen by the exchange, causing delays and investigations.

Cashing Out Bitcoin at an ATM: Practical Guide

Bitcoin ATMs offer the fastest path to physical cash when cashing out bitcoin, but their fees make them suitable only for specific situations.​

Globally, there are over 38,000 Bitcoin ATMs as of 2026, with the highest concentration in the United States. Only about 22% of BTMs support the sell function (dispense cash in exchange for BTC) — use CoinATMRadar.com to find sell-capable machines near you and check their fee structure before visiting.

Step-by-step BTM cash-out. Select "Sell Bitcoin." Enter your phone number for SMS verification. For amounts under the no-KYC threshold, proceed to the next step. For larger amounts, complete the on-screen ID scan. A QR code appears — scan it with your bitcoin wallet app and send the specified amount. Wait for 1–3 blockchain confirmations (10–30 minutes for most machines). Collect your cash.

Fees. Bitcoin ATM fees average 8–12% in the US, with some operators charging up to 20%. On a $500 cash-out at 10% fee, you lose $50. Use ATMs only when convenience or privacy outweighs the fee cost — emergency situations, small amounts, or when you need cash immediately with no access to banking.​

Tips for BTM users. Visit during business hours when a cashier is present in the store — easier to get help with technical issues. Have your wallet app open and BTC ready to send before starting the transaction (machines have time limits). Avoid high-fee operators — fees can vary by 5–10 percentage points between machines in the same neighbourhood.

Cashing Out Bitcoin: Dealing with Volatility

Bitcoin's price can move 3–10% in the time it takes to confirm a transaction. For large cash-outs, this timing risk matters.​

Rate lock feature. Some exchangers and platforms offer to lock in the exchange rate for 15–30 minutes after you create the transaction request. This eliminates pricing risk during the confirmation window. Prioritise platforms with this feature when cashing out large amounts during volatile market periods.

Limit orders on exchanges. If you are not in a rush, set a limit order at your target price on a centralised exchange. The order fills automatically when the market reaches your price, eliminating the need to time your sale manually. Patience with a limit order can improve your cash-out price by 1–3% compared to a market order during a short-term dip.

Dollar-cost averaging out. For large positions, sell in equal tranches over multiple days or weeks. This strategy averages your exit price and eliminates regret about picking the "wrong" moment to sell. A common approach: divide your target sale amount into 5–10 equal portions and sell one portion per day.

When not to cash out. Avoid initiating large cash-outs immediately after major news events — exchange hacks, regulatory announcements, ETF decisions. These moments trigger extreme volatility and wider spreads. Wait 24–48 hours for the market to stabilise if the news does not create urgency for you.

Common Problems When Cashing Out Bitcoin and Their Solutions

Problem: Transaction stuck in mempool. Cause: network fee set too low. Solution: wait — most low-fee transactions eventually confirm within 24–72 hours. To speed up, use RBF (Replace-By-Fee) to rebroadcast with a higher fee if your wallet supports it. Notify the exchanger's support team with your TXID if they are expecting your payment.​

Problem: Exchange received BTC but hasn't credited your account. Action: contact support immediately with TXID and the timestamp of your transaction. Most exchanges credit deposits after 1–3 confirmations — check blockchain explorer first to confirm the transaction status. If confirmed on-chain but not on the exchange, open a support ticket; exchanges legally cannot hold your funds without cause.

Problem: Bank account frozen after receiving fiat. Action: call the bank, not the exchange. Provide written explanation of source of funds with exchange transaction reference. Attach your sell order confirmation. Banks resolve crypto-related holds within 1–5 business days in most cases.

Problem: Exchanger stopped responding after receiving BTC. Action: immediately file a complaint with the reputation platform where you found the exchanger (BestChange, Trustpilot). Publish the TXID and details publicly in crypto community forums. Reputable platforms actively pressure registered exchangers to resolve complaints. This is why using exchangers with public accountability systems is critical.

Problem: Sent BTC to wrong address. If the address belonged to another exchanger or service, contact their support — occasionally funds can be recovered if both sides cooperate. If the address was random or belongs to an unknown wallet, the funds are irretrievably lost. This outcome is preventable only through address verification before sending.

Step-by-Step Guide for First-Time Bitcoin Cash-Out

If you are cashing out bitcoin for the first time, follow this simplified roadmap to minimise risk and maximise results.

Step 1: Start small. On your first cash-out, convert no more than $100–200 equivalent. This lets you learn the process with minimal exposure. Verify every step works as expected before scaling up.

Step 2: Open an account on a regulated exchange. Coinbase for US beginners, Kraken for cost-conscious users, Binance for highest liquidity. Complete KYC verification — it takes 10–30 minutes and unlocks full functionality.

Step 3: Link your bank account. Add ACH (US) or SEPA (EU) for free withdrawals. This is usually instant through services like Plaid.

Step 4: Check the Bitcoin network fee. Visit mempool.space. If the recommended fee for "30-minute confirmation" is above $20–30, consider waiting a few hours for lower fees unless you are in a rush.

Step 5: Send BTC to your exchange deposit address. Copy the address from the exchange. Paste it into your wallet app. Verify first 6 and last 6 characters. Send the amount. Save the TXID.

Step 6: Wait for confirmations. Check the blockchain explorer link from your wallet. Most exchanges credit your balance after 1–3 confirmations (10–30 minutes for Bitcoin).

Step 7: Sell BTC for fiat. Use a market order for immediate execution. Review the final amount including fees. Confirm the sale.

Step 8: Withdraw to your bank. Select your linked bank account. Enter the amount. Confirm. ACH/SEPA takes 1–5 business days. Instant option available on some platforms at 1–2% extra fee.

Step 9: Document everything. Download your trade history. Save the exchange order ID, TXID, and withdrawal confirmation. Store these in a dedicated folder — you will need them for taxes.

Frequently Asked Questions About Cashing Out Bitcoin

Q1: How long does it take to cash out bitcoin?
Through a centralised exchange via ACH: 1–5 business days total. Via SEPA in Europe: 1–3 business days. Via instant debit card withdrawal: minutes. At a Bitcoin ATM: 10–30 minutes on-site.​

Q2: What is the cheapest way to cash out bitcoin?
Kraken or Binance with ACH/SEPA bank withdrawal. Trading fee 0.1–0.26%, bank withdrawal fee $0. Total cost typically 0.2–0.5% of the amount. Far cheaper than Bitcoin ATMs (7–20%) or instant card withdrawals (1–2%).​

Q3: Can I cash out bitcoin without a bank account?
Yes — through Bitcoin ATMs (physical cash) or P2P in-person trades. Expect higher fees (7–20%) and more logistical complexity.​

Q4: Do I have to pay taxes when I cash out bitcoin?
In most countries, yes. Selling bitcoin is a taxable disposal event. Capital gains tax applies on the profit. Keep purchase records — they determine your taxable gain and can significantly reduce your tax bill.

Q5: Is there a minimum amount to cash out?
Most centralised exchanges start at $10–25 equivalent. Bitcoin ATMs typically have minimums of $20–50. P2P platforms vary by individual offer, usually $20+.

Q6: What if I lost my records of when I bought the bitcoin?
Check your wallet's transaction history — blockchain records are permanent and public. Find the original purchase TXID and look up the price on that date via CoinGecko or CoinMarketCap historical data. If records are completely unrecoverable, consult a crypto-specialised accountant — options exist for estimating cost basis.

Q7: Can I cash out bitcoin to PayPal?
PayPal's own crypto service allows US users to sell BTC and receive PayPal balance, which can then be transferred to a bank. Additionally, some P2P platforms support PayPal as a payment method, though many sellers avoid it due to chargeback risk.

Q8: What is the safest exchange to cash out bitcoin?
Coinbase, Kraken, and Gemini are the most regulated and security-audited exchanges for US users. Coinbase and Kraken are publicly listed companies with regulatory oversight from FinCEN and state money transmitter licences.​