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How can I sell Merlin Chain?
Follow these steps to easily and securely sell your Merlin Chain:
- Sign up
Create an account via the Finst app or website.
- Deposit crypto
Send your crypto to your Finst wallet using the correct network. Already storing your crypto with Finst? You can easily sell your Merlin Chain through our desktop platform or mobile app.
- Sell and receive euros
Sell your Merlin Chain and receive the corresponding euro value.
- Withdraw EUR
Tap on "Withdraw" and then select the "Withdraw EUR" option to transfer the desired EUR amount to your bank account.
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How do I convert Merlin Chain into euros?
Converting Merlin Chain into euros is super easy. In the Finst app:
- Go to your "Wallet" and select Merlin Chain
- Select "Sell" and choose the amount of Merlin Chain you want to sell
- Confirm your order and receive your euros
Don’t have an account yet? Create a Finst account for free in under 5 minutes. Send your Merlin Chain to Finst and swap it for euros in just a few seconds.
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Can I convert my Merlin Chain directly into euros?
Yes, at Finst you can exchange your MERL for euros. You can then easily withdraw your euros to your bank account. In most cases, your funds will be received within a few hours.
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How long does it take to receive the money in my bank account?
In most cases, you’ll receive your euros within a few hours without any fees. Depending on your bank, it may take up to 2 business days.
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Can I sell my Merlin Chain using a stop-loss order?
Yes, a stop-loss order helps protect your position from further price drops. When the price reaches a pre-set level, your Merlin Chain will be sold automatically at the best available price on the market.
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Can I sell my Merlin Chain using a limit order?
Yes, at Finst, you can easily sell Merlin Chain with a Limit Order. With a limit order, you set the minimum price at which you’re willing to sell your Merlin Chain. The order will only be executed if the market reaches or exceeds that price.
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Can I sell Merlin Chain from my own crypto wallet?
To sell your Merlin Chain from your own crypto wallet simply transfer the desired Merlin Chain amount to your Finst wallet. In our app or the Finst Help Center, you’ll find an overview of the supported coins and networks. Once we receive your crypto, you can immediately convert it into euros.
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Can I swap my Merlin Chain for another cryptocurrency?
Yes, at Finst you can instantly swap any cryptocurrency for another using our convenient swap feature. Swapping Merlin Chain to any other cryptocurrency is subject to our regular trading fee of 0,15% without any additional fee.
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Is there a minimum amount of Merlin Chain I can sell?
No, there is no minimum amount to sell Merlin Chain, and you can sell your Merlin Chain with our ultra-low trading fees of 0,15%.
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Is there a maximum amount of Merlin Chain that I can sell?
No, there’s no maximum amount. You can sell as much Merlin Chain as you want with Finst.
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Can I sell Merlin Chain anonymously via Finst?
No, due to regulations, you cannot sell Merlin Chain anonymously in Europe. Finst is a regulated crypto-asset service provider and complies with all applicable laws and regulations.
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Do I have to pay taxes when selling Merlin Chain?
Cryptocurrency tax regulations vary by country. Before selling digital assets or filing your crypto taxes, it’s advisable to consult your local tax authority or agency for personalized guidance.
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When is it a good time to sell Merlin Chain?
Due to the crypto market's volatility, it is difficult to determine when is the best time to sell your Merlin Chain. It is important to do your own research on Merlin Chain so that you can decide to sell Merlin Chain depending on your investment goals. Investing involves risk of loss.
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Is it safe to sell Merlin Chain?
Yes, it is safe to sell Merlin Chain through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.
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Is it legal to sell Merlin Chain?
Yes, selling Merlin Chain is legal in Europe. However, we advise you to do your own research before selling your Merlin Chain.
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What are the costs to sell Merlin Chain via Finst?
Finst charges a trading fee of 0,15% per sale without any hidden fees, which is among the lowest trading fees in Europe.
