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SwapinGet: Crypto-To-Fiat Transfers For Self-Payment
SwapinGet: Crypto-To-Fiat Transfers For Self-Payment
Updated over 6 months ago

SwapinGet enables you to cash out (off-ramp) crypto to your bank account directly from your Metamask, Trust Wallet, Argent or other crypto wallet. It's important to note that this feature is designed for self-payments only. If you wish to sell or spend cryptocurrency not linked to your bank account, you can use the SwapinPay feature. This article will provide a step-by-step guide on how to set up a SwapinGet wallet address and initiate a new SwapinGet payment.

How does SwapinGet work?

SwapinGet is a crypto wallet address you can set up to cash out crypto. It connects your crypto wallet with your bank account. Each SwapinGet address is set up for a certain pair of crypto you want to cash out and your SEPA IBAN, you want to get fiat on. Once created on Swapin App, SwapinGet wallet address can be used every time you want to cash out crypto to your bank account. To do this, you simply need to send crypto from your crypto wallet to a SwapinGet wallet address, it will be converted to fiat and sent to your bank account immediately.

Creating a new SwapinGet wallet address

Let's dive into the step-by-step process of creating a new SwapinGet wallet address.

Step 1. Sign in and navigate to SwapinGet

  1. Log in to your Swapin account.

  2. Scroll to the SwapinGet section and click on the "Sell crypto" button.

Step 2. Create a new address

Fill in the necessary information:

  1. Enter a name for this SwapinGet wallet address.

  2. Choose the cryptocurrency you want to cash out.

  3. Choose the fiat currency you want to get in your bank account (EUR or GBP).

  4. Enter the beneficiary's (yours) SEPA bank account IBAN.

  5. Enter the beneficiary's (yours) address.

  6. Confirm you are the owner of both the crypto wallet you will use for transactions and the bank account.

Click the "Continue" button.

Your new Swapinget crypto wallet address is now set up and ready to use! Copy it from a dashboard.

Step 3. Go to your crypto wallet and send crypto

The beauty of SwapinGet product is you set it up once on SwapinApp, and the next time you will be using it from your wallet, without even visiting Swapin App. To send crypto from your wallet to your bank account, sign in to your crypto wallet. We will use Metamask as an example. Click on the “Send” button.

Paste SwapinGet wallet address you have just copied.

Send crypto to this address. Note, that it should be the same crypto you choose when setting up the SwapinGet address you are using now.

Confirm the transaction on the wallet. Swapin will get crypto, convert it to fiat and send it to the bank account you provided when setting up SwapinGet wallet address.

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