Withdrawing digital cash to your bank account using the Centi Wallet is simple and secure. This feature allows users to exchange digital currencies back to fiat and send it to their bank account through an IBAN transfer.
Using Centi Exchange to Withdraw to Bank
How to Withdraw Digital Cash to Your Bank Account Using Centi Exchange:
1. Open the Centi Wallet Application:
Launch the app on your device.
2. Navigate to the Exchange Section:
Go to the ‘Exchange’ section, which will direct you to the “Centi Exchange” screen.
3. Enter Details in the “You Give Us” Section:
Amount: Enter the amount you wish to exchange.
Currency: Choose the digital currency you are sending (e.g., BSV).
Payment Method: Select “Blockchain (BSV)”.
4. Enter Details in the “You Receive” Section:
Currency: Choose the fiat currency you want to receive (e.g., EUR).
Receiving Method: Select ‘IBAN’ as the method for withdrawal.
5. Enter Bank Details:
Fill in and Complete your IBAN data and select “Save”.
6. Review and Accept Terms:
Read and accept the terms of service and risk agreement
7. Initiate the Exchange:
Click on the “Exchange” button to start the transaction.
8. Receive IBAN Exchange Email:
You will receive an email with your Centi IBAN exchange details.
9. Receive Fiat in Your Bank Account:
Once the payment is processed, the fiat currency will be delivered to your bank account.
10. Wait for Payment:
It may take up to 3 working days for the payment to be received.
By following these steps, you can efficiently withdraw digital cash from your Centi wallet.
