How to cash out crypto: sell crypto for cash

1. 1

   Open an account and verify your identity

   Apply online as an individual or a company. Each signatory completes identity verification with our KYC provider. Onboarding typically completes in 3 to 5 business days and there is no onboarding fee.

2. 2

   Send your crypto to the wallet XEROF opens in your name

   Request a deposit in online.xerof.com and transfer your cryptoassets or stablecoins. They are held in a wallet in your own name, never pooled.

3. 3

   Accept a quote

   Request a conversion and the platform returns the rate and the XEROF fee on separate lines. Accept it and the conversion is executed.

4. 4

   Withdraw the cash to your bank

   Instruct the fiat withdrawal and the proceeds leave to a bank account in your own name in USD, EUR, CHF or GBP.

• XEROF is a brokerage, not an exchange: there is no order book, and you execute the whole amount yourself in XEROF Online at the live market rate, passed on at cost.
• The XEROF fee is shown on its own line, set by the published brokerage tiers by monthly volume.
• You can sell BTC, ETH, SOL, USDT and USDC for USD, EUR, GBP or CHF.
• Rails per currency: Fedwire, RTP, ACH or SWIFT for USD; SEPA or SWIFT for EUR; Faster Payments, CHAPS or SWIFT for GBP; SWIFT for CHF.
• The fiat goes to a bank account in your own name, or to a dedicated IBAN in your company's own name.
• Until you sell, your crypto sits in a wallet in your name, used only for you and never mixed with anyone else's.
• To pay a third party rather than yourself, the payment is funded only with USDT or USDC on the Ethereum network; BTC, ETH and SOL are first converted to USDT or USDC.
• FE Swiss Financial AG is a Swiss-regulated Virtual Asset Service Provider and member of VQF (No. 100954), a self-regulatory organisation recognised by FINMA. It is not a bank and takes no deposits.

The brokerage tiers are on the pricing page. Companies selling crypto regularly can receive the fiat on a dedicated IBAN, and larger flows in both directions are covered on the on and off ramp page.

Two things determine the cost of cashing out: the rate you are given and the fee you are charged. Many venues fold their margin into the rate, so the cost is not visible. XEROF passes the market rate on at cost and charges its own fee separately. Each confirmation shows the rate, the fee and the amount you receive. Fees follow the published tiers on the pricing page.

If you convert regularly, the XEROF settlement and a dedicated IBAN keep the fiat leg on an account in your own name. Businesses taking crypto from customers can pair this with accepting crypto payments.

How do you convert crypto to cash?

You send the cryptoassets to a regulated counterparty, accept a quote, and receive the money by bank transfer. With XEROF the assets sit in a wallet XEROF opens in your name in your own name until the conversion is executed, and the fiat settles to your own bank account.

Can you convert crypto to cash directly to a bank account?

Yes. The fiat leg settles over conventional bank rails to an account in your own name, so no wallet or crypto exposure is needed at the receiving end.

What is the cheapest way to convert crypto to cash?

The cost that matters is the spread plus the fee. XEROF passes the market rate on at cost with no spread or mark-up and shows its fee on its own line, so the total is visible before you accept the quote.

How long does it take to cash out crypto?

The conversion is executed when you accept the quote. The fiat then follows the rail: SEPA and Faster Payments typically the same business day, SWIFT one to two business days.

Which cryptoassets can I cash out?

Bitcoin (BTC), Ethereum (ETH) and Solana (SOL), plus the stablecoins USDC and USDT.

Do I pay tax when I cash out crypto?

Possibly, depending on where you are resident. XEROF is a settlement provider and does not give tax or legal advice, so take your own advice on treatment in your jurisdiction.

Is there a limit on how much I can cash out?

Trade sizes are agreed at onboarding and confirmed in writing; each conversion is then executed in XEROF Online at the live market rate.

Can a company cash out crypto to its business account?

Yes. Company accounts settle to a bank account in the company name, and can be paired with a dedicated IBAN so proceeds arrive on an account in your own name.

How do you cash out cryptocurrency?

The same way for any cryptocurrency: send it to a regulated counterparty, accept a firm quote, and receive the money by bank transfer. XEROF cashes out Bitcoin, Ethereum, Solana and the stablecoins USDC and USDT, holding each cryptocurrency in a wallet XEROF opens in your name in your own name until the conversion settles to your bank account.

Can you cash out crypto without using an exchange?

Yes. XEROF is a regulated brokerage, not an exchange, so you convert the whole amount at one live rate in XEROF Online rather than selling into a public order book. There is no exchange account to fund and no order-book slippage on larger sizes.

How do I sell crypto for fiat?

Send the crypto to the wallet XEROF opens in your name at a regulated counterparty, execute the sale and withdraw the money to a bank account in your own name. At XEROF you sell BTC, ETH, SOL, USDT or USDC yourself in XEROF Online at the live market rate, see the fee on its own line, and receive USD, EUR, GBP or CHF.

Where can I sell crypto for fiat?

With a regulated counterparty that settles to your own bank account. XEROF is a Swiss-regulated Virtual Asset Service Provider and member of VQF (No. 100954); it is a brokerage, not an exchange, so you sell the whole amount at one live rate instead of into an order book.

What is a fiat withdrawal?

A fiat withdrawal sends the proceeds of a sale from your XEROF account to a bank account in your own name. It travels on the rail of its currency: Fedwire, RTP, ACH or SWIFT for USD, SEPA or SWIFT for EUR, Faster Payments, CHAPS or SWIFT for GBP, and SWIFT for CHF.