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How To Sell Crypto in Best Wallet
How To Sell Crypto in Best Wallet

Learn how you can sell your crypto directly in Best Wallet.

Updated over 3 months ago

In this article:

Learn the simple steps to sell your crypto in Best Wallet for fiat currency (your day-to-day currency, such as US Dollars or the Euro). The process of selling crypto for fiat currency is commonly called an "off-ramp" or "off-ramping".

By partnering with Onramper, a platform that provides you with platforms to buy and sell crypto, you get the most competitive prices and lowest fees when selling your crypto through Best Wallet.

The process of selling crypto can feel convoluted, but Best Wallet has tried to make it as simple as possible. You can watch our video tutorial or read our step-by-step guide below!


Watch our video tutorial

Step 1: Getting started

The main way to sell your crypto in Best Wallet is to head to the Trade tab. Ensure you've selected the right wallet before you start the selling process.

Once you're in the Trade tab, tap on Sell.

This will bring you to the in-app Onramper page, which facilitates all crypto purchasing and selling in Best Wallet.

Step 2: Setting how much you want to sell

Once on the Onramper widget, you can set up your cryptocurrency sale, including what method you want to receive your fiat funds.

Change the cryptocurrency, amounts, provider, and offramping method on this page.

Note: You must select your bank account's local currency to ensure your funds are safely deposited.

It is important to select the correct method you want to receive your fiat funds.

Next, set the cryptocurrency and enter the amount you want to sell, you will see the amount you will receive in fiat currency.

Note: These are often just estimates, and are liable to fluctuate slightly as the market moves.

You can also check the potential providers by tapping on the provider drop-down menu. Best Wallet & Onramper will always suggest the one with the best price available for that specific sale, ensuring you get the most fiat currency for your cryptocurrency.

Once you've chosen your provider and entered the correct amount of crypto you want to sell, tap the "Sell ETH" button at the bottom.

Step 3: Finalising your crypto sale

The next stage will bring you the provider's webpage.

This may happen in-app or you will be directed off-app to your device's browser. Either way, your connection will be secure.

Tap "Open Alchemy Pay in new tab" to continue the process.

Next, you will be connected to the third-party provider. For example, with Alchemy Pay, you will be presented with a similar screen to the one before in Best Wallet. Here, you can see another breakdown of how much you are selling and should be receiving.

It's important to double-check everything at this stage, including the amount you're selling, what cryptocurrency is selected, and the amount you will receive in your chosen fiat currency.

After you've hit "Proceed - Sell ETH", you will be asked to checkout with Alchemy Pay.

First, enter your email - make sure to choose an accessible, secure email, as this will be the way you can access details of your sale after it's confirmed.

Tap "Proceed", and you will be brought to the next stage.

Note: At this stage, you may have to complete a brief KYC procedure. These are set by the providers, such as Alchemy Pay, and Best Wallet does not process or have access to any personal details.

Most KYC checks are verified in only a few minutes, and then it's the final details before confirming your sale!

Some providers, like Alchemy Pay, will let you choose how you receive your money. The two main options are via Card or Bank Transfer.

After you've entered your details, hit "Confirm". Please double-check all the details, as an incorrect card number or bank details could result in lost funds.

Step 4: Sending your crypto off

The final step is sending your crypto off to the wallet address the crypto offramp provider will provide. This will be available to see straight after you hit the "Confirm" button from the previous step.

You will see your Order ID, which is important to track the status of your crypto purchase. You will also see the address you need to transfer your crypto, which can be done within the Best Wallet app.

There is a time limit you will need to transfer the crypto by. This depends on the provider, amount, and what cryptocurrency you're selling, but will vary between an hour and a few days. Best Wallet recommends doing it straight away, to get the process underway!

You will also have a QR code of the wallet address, if easier! Once you've sent the funds, you can track your sale process by tapping the "I have sent the ETH" button at the bottom.

You will then be brought to the Order Status page, where you can track the movement of your crypto during the selling process.

If you have any issues with sending your crypto, you can read our guide on how to successfully send crypto from one wallet to another.


How long will it take before your money gets to your bank/card?

This depends on the provider and the amount/type of cryptocurrency, but normally it shouldn't take more than a few days.

You can track it through the provider, by using your transaction ID. These were available after confirming your crypto sale, and should also be available in the confirmation email the provider should send to you.

Currently, transferring your cryptocurrency to an off-ramp provider's wallet and the provider then transferring the fiat money to your bank account/card is the most common method of selling crypto, but we are working hard to integrate new off-ramp methods.


If you're struggling to sell your crypto

If you've followed the steps and watched the video tutorial and still can't successfully sell your crypto, please email [email protected] and the support team will help you troubleshoot and resolve your issue.

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