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