Q1: Can I transfer or withdraw cryptocurrency to fiat money, credit/debit cards, or bank accounts using Blocto Wallet?
No, Blocto Wallet currently does NOT support transferring or withdrawing cryptocurrency directly to fiat money, credit/debit cards, or bank accounts.
Q2: How can I sell my cryptocurrency?
We suggest users send their tokens/coins to another trusted and legal exchange where they can sell their cryptocurrency.
Q3: What should I consider before sending my cryptocurrency to another wallet or exchange?
Before sending your cryptocurrencies to another wallet or exchange, please ensure you are choosing the correct token name and blockchain.
ex. USDC(Flow) and USDC(Ethereum) are different tokens
Q4: Are there any tools within Blocto Wallet to assist with this process?
Yes, you may use BloctoSwap (https://swap.blocto.app/#/), Increment.Finance(https://app.increment.fi/swap) or Celer Bridge (https://cbridge.celer.network/12340001/1/cfUSDC) before sending them to an external address.
Q5: What precautions should I take when sending my funds?
Please double-check all details before sending your funds to other addresses, including the blockchain networks, token/coin types, and wallet addresses. Sending your assets to the wrong address or blockchain may result in the loss of access to your funds.
Q6: Are there any risks associated with using external platforms?
Yes, using external platforms involves risks. If you have any questions, feel free to ask us.
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