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
Log in to your Swapin account.
Scroll to the SwapinGet section and click on the "Cash out crypto" button.
Step 2. Create a new address
Fill in the necessary information:
Enter a name for this SwapinGet wallet address.
Choose the crypto currency you want to cash out.
Choose the fiat currency you want to get on your bank account (EUR or GBP).
Enter the beneficiary's (yours) SEPA bank account IBAN.
Enter the beneficiary's (yours) address.
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 all 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 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 “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. Swapn will get crypto, convert it to fiat and send to a bank account you provided when setting up SwapinGet wallet address.
How many SwapinGet wallet addresses can I get?
The number of SwapinGet walet addresses is not limited. You can get as many as you need.
Can I store crypto on my SwapinGet wallet address?
As a non-custodial solution, Swapin doesn’t hold your funds. Each time you need to cash out crypto, you will send a new amount of crypto to your SwapinGet wallet address. These funds wil be converted to fiat and sent to your bank immediately. Unlike custodial solutions, we don’t own your funds, so your keys, your crypto!