Sell / Cashout Crypto
Ribbit will allow users to sell their crypto directly from the app and convert it into fiat currency. This feature makes it easy for users to cash out without needing to transfer assets to a centralized exchange or use multiple platforms.
To start, users will select the token they want to sell and enter the amount. The app will show the real-time conversion rate, applicable fees, and the expected payout. Once confirmed, the transaction will be processed through a trusted off-ramp partner. The fiat amount will be sent to the user's linked bank account, card, or other supported payout method.
The entire process is designed to be fast, secure, and clear. Users can track the status of their cashout inside the app and receive updates when the transaction is complete.
All cashout activity will require KYC verification and will comply with local financial regulations. This helps ensure the safety of the user and the reliability of the service.
By adding this feature, Ribbit becomes not just a place to hold crypto but a platform where users can fully manage their entry and exit from the ecosystem.
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