Question 1

What does crypto to fiat mean?

Accepted Answer

Crypto to fiat means converting digital assets such as USDT, USDC, BTC or ETH into a supported fiat currency such as USD, EUR, GBP or AUD and moving the value out of the crypto network into a verified bank account where available.

Question 2

How do crypto to fiat payouts work with iTeller?

Accepted Answer

Eligible users deposit supported crypto on a supported network, the platform converts it into a supported fiat currency at the available rate, and then requests a payout to a verified bank account, subject to KYC, region and compliance review.

Question 3

Which crypto assets are supported?

Accepted Answer

iTeller focuses on USDT, USDC, BTC and ETH. Asset support, network availability and liquidity may vary by region and partner.

Question 4

Which fiat currencies are supported?

Accepted Answer

Common supported fiat currencies may include USD, EUR, GBP and AUD where available. Availability depends on payout corridor, partner support and compliance review.

Question 5

Can businesses use the crypto to fiat workflow?

Accepted Answer

Eligible UK and international businesses can convert supported crypto revenue into fiat and request payouts to verified business bank accounts where available, subject to KYB and compliance review.

Question 6

How is crypto to fiat different from an exchange withdrawal?

Accepted Answer

A crypto exchange is built around trading pairs and order books. A crypto to fiat off-ramp is built around moving converted value into a supported bank account through a compliant payout workflow with clear KYC, fees and corridor support.

Question 7

How is crypto to fiat different from P2P?

Accepted Answer

P2P selling matches users with individual counterparties and can carry settlement and fraud risk. A crypto to fiat off-ramp uses a compliance-focused platform to convert digital assets and deliver fiat through supported bank rails.

Question 8

What fees apply to crypto to fiat payouts?

Accepted Answer

Fees may include network fees, conversion spread, off-ramp service fees and bank transfer fees. Users should review all fees, rates, limits and timing before confirming a transaction.

Question 9

How long do crypto to fiat payouts take?

Accepted Answer

Timing can vary from a few hours to several business days depending on payment method, destination bank, account verification, liquidity and compliance review.

Question 10

Do I need KYC to convert crypto to fiat?

Accepted Answer

Yes. Individuals must complete KYC and businesses must complete KYB. Compliance checks may apply and supported regions apply.

Question 11

Is iTeller a bank?

Accepted Answer

No. iTeller is not a bank. iTeller is a crypto payments platform that helps eligible users access supported deposit, conversion, payout and card services.

Crypto to Fiat Payouts