Do you want to jump into the world of crypto, but don’t want multiple accounts, apps or tools to do it?
Eidoo’s Instant crypto cash out is your new best friend.
Today we introduce our fiat off-ramp service for all our European users, so you can easily cash out your crypto whenever you like.
Matched with our on-ramp feature, which lets you purchase digital assets in minutes, this gives you a complete end-to-end experience.
No more external exchanges, no more transferring funds from one account to another.
Now you just need a single app to buy, store, trade AND sell your crypto.
What are my options?
Swap your digital assets for Euros using our in-app wire transfer and pay no fees.
Or, for those looking to go from crypto to cash in minutes, take advantage of our Instant SEPA feature! You can enjoy up to 2 of these instant cash out transactions per day.
SEPA stands for Single Euro Payments Area. It’s an established system for cross-border Euro bank transfers between countries in the Eurozone and a few others which also support Euro bank transfers.
Eidoo was one of the first wallets to integrate this Instant SEPA feature, which is faster than every regular SEPA transaction. Using this crypto off-ramp feature, you’ll be among the first users worldwide to receive their fiat deposits lightening fast.
You can also use the same Instant SEPA feature to go from cash to crypto in seconds too, giving you a frictionless in and out experience.
Note that you’ll always get retail price for your Euros.
Which assets can I swap?
At the moment you can change your DAI, USDT and USDC tokens into Euros.
We’ll be adding more options, so keep an eye out for updates.
The DAI stablecoin comes from one of the most exciting and leading projects in the DeFi space, MakerDAO. Through their currency, platforms and tools, Maker is trying to achieve open and equal access to high-quality financial services, including fair credit for everyone. You can start earning interest on your DAI directly through the Eidoo wallet.
USDT by Tether is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars.
USDC is also a stable coin, by Coinbase. Each USDC is backed by one US dollar, which is held in a bank account. As an Ethereum token, you can store it in an Ethereum-compatible wallet like Eidoo!
Anything I need to do to get Instant cash out?
Make sure you’ve passed Tier 2 through our in-app KYC, eidooID.
It’s easy to set up if you haven’t already.