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How can I sell NYM?
Follow these steps to easily and securely sell your NYM:
- 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 NYM through our desktop platform or mobile app.
- Sell and receive euros
Sell your NYM 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 NYM into euros?
Converting NYM into euros is super easy. In the Finst app:
- Go to your "Wallet" and select NYM
- Select "Sell" and choose the amount of NYM 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 NYM to Finst and swap it for euros in just a few seconds.
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Can I convert my NYM directly into euros?
Yes, at Finst you can exchange your NYM 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 NYM 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 NYM will be sold automatically at the best available price on the market.
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Can I sell my NYM using a limit order?
Yes, at Finst, you can easily sell NYM with a Limit Order. With a limit order, you set the minimum price at which you’re willing to sell your NYM. The order will only be executed if the market reaches or exceeds that price.
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Can I sell NYM from my own crypto wallet?
To sell your NYM from your own crypto wallet simply transfer the desired NYM 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 NYM for another cryptocurrency?
Yes, at Finst you can instantly swap any cryptocurrency for another using our convenient swap feature. Swapping NYM 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 NYM I can sell?
No, there is no minimum amount to sell NYM, and you can sell your NYM with our ultra-low trading fees of 0,15%.
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Is there a maximum amount of NYM that I can sell?
No, there’s no maximum amount. You can sell as much NYM as you want with Finst.
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Can I sell NYM anonymously via Finst?
No, due to regulations, you cannot sell NYM 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 NYM?
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 NYM?
Due to the crypto market's volatility, it is difficult to determine when is the best time to sell your NYM. It is important to do your own research on NYM so that you can decide to sell NYM depending on your investment goals. Investing involves risk of loss.
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Is it safe to sell NYM?
Yes, it is safe to sell NYM 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 NYM?
Yes, selling NYM is legal in Europe. However, we advise you to do your own research before selling your NYM.
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What are the costs to sell NYM 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.
