How to Sell First Digital USD (FDUSD) for Fiat Currency
Learn what is First Digital USD and how to sell FDUSD for fiat currency.
Sell First Digital USD in 5 Effortless Steps
Enter the amount of First Digital USD you’d like to sell for fiat.
Choose your desired fiat payout method (e.g., bank transfer).
Provide necessary details (e.g. wallet address, bank account info).
Review and confirm the transaction.
Receive your fiat currency in your chosen destination.
How to directly Sell First Digital USD directly on other chains for Fiat?
Sell FDUSD for fiat on any available chain on Transak.
How to directly sell FDUSD on Ethereum
How to directly sell FDUSD on BNB Chain
Sell First Digital USD for Fiat Across Multiple Blockchains
If you have First Digital USD (FDUSD) on multiple blockchain networks, you can still sell it for fiat on Transak.
Step-by-Step Process
1. Select Your Blockchain Network
Start by choosing the blockchain network from which you wish to sell your First Digital USD. Transak supports multiple networks (based on the cryptocurrency), giving you the flexibility to choose the one that best suits your needs.
2. Enter Amount of FDUSD You Wish to Sell
In the “You pay” field of the Transak interface, input the amount of First Digital USD (FDUSD) you wish to sell to fiat. Transak will display the equivalent amount of fiat currency you'll receive based on the current exchange rate and the blockchain network you selected.
3. Complete KYC Verification (if necessary)
Transak employs a multi-level KYC solution. Based on the amount of cryptocurrency you are selling and the region, you may be prompted to complete a quick KYC verification.
Full KYC-verified users do not have to undergo the check again in the future.
4.Choose The Fiat Payout Method
Enter the bank details or card information where you want to receive fiat currency. Ensure the details are accurate as money once transferred cannot be refunded.
5. Confirm Transaction and Transfer Fiat
Review your details and click “Confirm.” Acknowledge the disclaimer and capture the provided wallet address.
Transfer the specified amount of cryptocurrency to the wallet address. Select “I have paid” once the transaction is successful.
Sell First Digital USD for Fiat using Visa
Visa is helping Transak enhance its global off-ramp service by implementing Visa Direct capabilities.
This collaboration allows Transak users in over 162+ countries to seamlessly sell their cryptocurrency holdings into local fiat currencies through real-time card withdrawals.
This partnership is a significant step towards the mainstream adoption of digital currencies, making it easier for users to access and utilize their crypto assets in the real world.
Read more about the Transak-Visa partnership here.
Why Sell First Digital USD for Fiat?
In places where cryptocurrencies are not legal tender, selling First Digital USD (FDUSD) for fiat currency is how people can get their “money” back and use it to purchase goods and services.
Transak's robust off-ramping infrastructure allows users from all over the world to quickly sell cryptocurrency (sell to their local currency).
Why Sell First Digital USD (FDUSD)?
Selling First Digital USD (FDUSD) is a personal decision and we encourage doing your own research. Below are a few reasons why users may choose to sell FDUSD:
Realize Profits: If the value of your First Digital USD has increased since you acquired it, selling allows you to lock in those gains and sell them into spendable fiat currency.
Liquidity Needs: Selling First Digital USD can provide immediate liquidity for other investments, paying bills, or covering unexpected expenses.
Portfolio Diversification: Selling some of your crypto holdings for fiat can help diversify your investment portfolio, balancing the potential risks and returns.
Regulatory and Tax Considerations: Depending on your jurisdiction, there might be tax advantages to selling FDUSD. Talk to a financial advisor for more information.
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I used Transak with Maiar wallet, and it was a very cool and simple to use. Thanks for this efficient and wonderful experience.
Kzo
Worked great, got my crypto in under 4 minutes! Purchased with Transak with less fees. Went well & got my crypto really fast.
John M.
The experience was great. I love the way it all went down. No hassle at all just clear & in a few simple steps I was able to sell crypto.
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