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