"Every improvement contributing to your outstanding experience is our daily motivation." - Remitano
With the mission of being a bridge between fiat and cryptocurrency, from October 5, 2020, Remitano launched a new feature named Cash-out Internationally. This is a breakthrough that develops the applicability of cryptocurrencies in everyday life and brings everyone financial happiness. Remitano has also been continuously improving to bring a fast, secure, and seamless customer experience through this new feature.
In particular, Remitano - Cash-out Internationally helps to overcome the disadvantages of traditional international money transfers, such as expensive transaction costs, complicated transfer procedures, and long transaction time. Let's explore more!
Why you should choose Remitano Cash-out Internationally!
With many achievements in developing P2P network and experience in serving customers in multiple countries, this new feature will provide a more convenient money transfer experience for users right at Remitano Wallet.
- Easy: Flexibility in converting cryptocurrency into fiat in many countries and no need for complicated verification steps. This feature is directly integrated into Remitano Wallet, you now can easily convert 6 coins including BTC, ETH, USDT, BCH, LTC, and XRP into fiat.
- Fast fiat withdrawals: Transactions within 5 minutes are the standard time for transactions in P2P peer-to-peer network.
- Economical: For a small fee compared to the fee of traditional international money transfers, you can send money for your beloved ones internationally.
Let's kick start!
Assuming that you live in Malaysia and want to sell Bitcoin for the Indian rupee (INR) to transfer to your relatives living in India. Just follow these three(3) easy steps:
- Step 1: Access to Remitano wallet. Click the 3 dots next to the Swap button on the coin you want to sell, and select " Cash out Internationally."
- Step 2: In the "Location" section select the country you want to transfer money to, for example India, then enter the amount of Bitcoins you want to sell.
- Step 3: Select Selling Ad with a good price. You have 2 options: (1) Remitano wallet for instant transaction completion; (2) the bank (you should choose the same bank as your relatives/friends’ bank in their country to make the transaction faster if you can't find any ads using Remitano wallet).
- We will confirm your action, please select "Yes”
- The transaction will be completed automatically and the fiat will be in your "Remitano INR Wallet". Please convert the country code from
my in the link https://remitano.com/my/dashboard/wallets to in https://remitano.com/in/dashboard/wallets/ after transaction completed in order to withdraw fiat (same in other countries).
Learn more: How to deposit and withdraw with INR Wallet (similar in other countries
If you choose Selling Ad via bank transfer
- Same as above, to confirm the transaction, you can click on "Yes"
- Enter your relatives/friends/ payment details for the buyer to pay and click "Continue".
If you do not have BTC available in your Remitano wallet, please deposit BTC to the address provided in the transaction (This is the BTC address of Remitano, used to secure the transaction.)
After Remitano confirms your BTC deposit, the transaction will go to the state of waiting for the buyer to pay. Then, please confirm with your relatives/friends that they have received money, and click on "I have received payment" to release bitcoin for the buyer.
Selling Ad through bank account or Remitano wallet. Which one is the optimal selection?
Hopefully, Cash-out Internationally will be a powerful tool to help you transfer money to your friends/relatives abroad in a matter of seconds with extremely economical costs compared to traditional international money transfers. So, what are you waiting for? Let’s explore this great feature by quick Buy/Sell in Remitano wallet!
For further questions, please contact Support via the LiveChat on Remitano's main website remitano.com or mobile app.
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