Can I sell crypto assets directly to my bank account, from my Axon account?
Yes, we are committed to providing our users with the easiest way of enjoying the benefits of the DeFi world, along with adding key advantages of the CeFi experience.
To be able to sell your crypto coins to your bank account, you will need to have firstly successfully passed the KYC verification process.
How to sell crypto assets to my bank account?
You can sell tokens which are within the Trading wallet of your Instant wallet and are outside any clearing period.
To do so, please follow the steps below:
From your Axon app, tap on the arrows button in the middle of the footer menu or from the Dashboard section of your app select Sell crypto
Select the coin and amount you'd wish to sell
From the next screen you will be able to select the bank account to which the fiat equivalent will be send
Next, you will be presented with an exact quote of the transaction, including all details related
The next step is to confirm the action through the connected deFi wallet
Amount will be send to your bank account
Is there a fee associated with this type of transaction?
There will be a 0.5% Axon fee applied on the transaction, as well as Avalanche's network fee.
To what bank account can I sell crypto assets?
We are executing such transactions through our partners, allowing us to do so via open banking operation. If your bank supports such transactions, you can initiate the payment to it.
Keep in mind that the name of the bank account holder must match the name associated with your Axon account.
Which coins can I sell to my bank account?
Please, refer to Which cryptocurrencies are supported in the Axon app? for the full list of supported tokens.