How do I move my money out of a trade-only asset?

Trade-only assets can't be withdrawn, so you can move your money out in one of two ways: sell them to EUR and receive the money in your bank account, or swap them to a standard asset and withdraw that.


Which option should I choose?

 

Sell to EUR

Swap, then withdraw

You receive

EUR in your bank account

A standard crypto asset in your own wallet or exchange

Fees

0.8% plus a bank transfer withdrawal fee

0.8% for the swap plus the crypto withdrawal fee (shown before you confirm)

Time

1 to 2 business days to reach your bank

The swap is typically instant, then you withdraw the asset

You need

A whitelisted bank account

An available swap pair


How do I sell a trade-only asset to EUR?

  1. Open the Venga app and tap Sell on the Home screen.

  2. Select the trade-only asset you want to sell.

  3. Enter the amount in EUR or in crypto (€12 to €10,000 per order).

  4. Select your whitelisted bank account.

  5. Review the order details, including the fees.

  6. Confirm the sale. The money reaches your bank account in 1 to 2 business days.

 

 

Trading fee

0.8% of the order value

Order limits

€12 to €10,000

Processing time

1 to 2 business days

Paid out to

A whitelisted bank account only

Order amount

Bank transfer withdrawal fee

Up to €1,000

€1

€1,001 to €5,000

€5

€5,001 to €10,000

€10

See Fees for all fees. For the full selling steps, see How do I sell crypto on Venga?

What if I don't have a whitelisted bank account?

You can only sell to a whitelisted bank account. To whitelist yours, make a bank-transfer purchase of any token first (the minimum order is €12). After that, you can sell to that account. A card purchase doesn't whitelist a bank account. Our support team can't add a bank account manually, so this step is needed.


How do I swap a trade-only asset and withdraw it?

  1. Swap your trade-only asset for a standard asset that can be withdrawn, such as BTC or ETH. The swap fee is 0.8%.

  2. Withdraw the new asset from your Wallet to your own wallet or exchange. The crypto withdrawal fee is shown before you confirm.

Swaps are crypto to crypto only, and the available pairs depend on your location and identity verification status. For the steps, see How do I swap crypto with Venga? and How to Withdraw Crypto from your Venga account.


Why can't I withdraw my trade-only asset directly?

Trade-only assets stay inside Venga. They can't be deposited or withdrawn, so there is no address to send them to. Read more in What are trade-only assets?.


What should I know before I sell or swap?

The amount you receive depends on the price when your order executes, and prices can change quickly. Fees are shown before you confirm. Only trade what you can afford to lose.

Learn more in Is Crypto Risky? and Are crypto swaps safe? For all limits, see What are the limits for buying, selling, and swapping crypto on Venga?


Still have questions?

Contact our support team at support@venga.com or through the in-app chat.

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