Fluid’s Crypto Off-Ramp Just Got Better – Now FREE Until 3rd Jan 🎅

Need to withdraw crypto into your bank account from your Web3 wallet or a centralized exchange?

There’s now a much better way to off-ramp from crypto into your bank. Instead of withdrawing from a centralized exchange, waiting nervously and accepting painful fees for the privilege, consider using Fluid Finance.

As a Christmas gift, redeeming is free for our users until 3 January.

Our award-winning financial app works with Web3 – meaning you can connect your Metamask (or similar wallets), swap your ETH, DAI or other cryptocurrencies into DUSD – and then redeem in-app for the currency of your choice.

Withdrawing crypto to your bank is now easy to do without going through a centralized exchange – with Fluid; residents of the UK, EU, Iceland, Liechtenstein or Norway can withdraw via bank transfer, without the usual worries or costs.

Follow the guide below to move from on-chain crypto into fiat for FREE, in just a few easy steps.

Anyone can open a Fluid Account with just an email address. And after topping up with card or bank transfer, or redeeming on-chain crypto using our app, a profit-sharing rate is applied automatically at 4% APY on your off-chain DUSD.

So if you’re looking to move out of crypto into a safe-haven then why not redeem on-chain DUSD to a Fluid Account?  Our digital cash currencies are backed 1:1 with real money held in safeguarded accounts with our banking partners.

Residents of the UK, EEA and Nigeria have the option to withdraw normal currency into a regular bank (via Faster Payments/SEPA or P2P respectively) – so withdrawing crypto off-chain and into your daily life could not be easier, without the usual cost of paying high fees through the usual centralized exchange providers.

How to off-ramp

Here are the four easy steps to move funds from anywhere in crypto directly to your bank account: 

1. Move your crypto to a wallet on the Arbitrum network

If your funds aren’t already on Arbitrum, you can either withdraw directly from a CEX that supports the Arbitrum network (such as Crypto.com, Binance, or Kucoin), or by using a third-party bridge.

Our on-chain DUSD pool is paired with DAI, so try to source that as soon as possible to save a small % in swap fees later. Most members of our community hold DAI as their stablecoin of choice since it’s decentralized, and it’s on the Ethereum blockchain.

At Fluid, we are completely aligned to the same principles of decentralization, which is why we chose to integrate Web3 into our finance app.  Users now have a unique financial alternative which is less risky than traditional crypto withdrawal: the user stays in control.

Tip; the official Arbitrum Bridge can be used to bridge to the Arbitrum network, with Synapse and Hop often referenced by our community as alternatives.

2. Use our Fluid Swap to convert your crypto to DUSD in one simple step.

Connect your Web3 wallet to our swap DApp, and get hold of some DUSD. You’ll need to approve our DApp to use funds first (this is normal in Web3), and then simply confirm the swap transaction afterwards.

Since Arbitrum upgraded their network to Nitro, the confirmation time typically takes ~15 seconds. And we must say, it’s incredibly satisfying to witness. 🤩

3. Convert or drag and drop your DUSD from your wallet to your Fluid Account, in seconds.

Once you have on-chain DUSD, you don’t need our Swap DApp any more – but you do need to log into your Fluid Account & connect your wallet. But don’t worry – we’ve made this next bit really easy.

To move your on-chain DUSD into off-chain DUSD – either drill down into one of those accounts and hit the ‘convert’ button – or simply “drag and drop” the green DUSD icon over the top of the blue DUSD icon. Enter the amount you want to redeem, and then confirm it with your wallet.

You now hold our off-chain, yield-bearing digital cash, which you can save, spend in the real world on physical or virtual cards, or finally:

4. Withdraw digital cash directly from your Fluid Account to your bank account

Simply click into your DUSD account and hit send. If you can’t see this option and you’re in a supported region, then click on the ‘Fluid Extras’ banner under ‘My Wealth’ screen. You’ll need to apply for a traditional account. Once your ID is verified, you’ll have the option to withdraw from your Fluid Account balances directly to a bank account via SWIFT/SEPA/UK Faster Payments – with no transaction limits.

It’s that simple.

F.A.Q.

Can anyone open a Fluid Account?

Yes – anyone can open a Fluid Account to mint or redeem on-chain crypto. Once you have DUSD inside your Fluid Account, you’ll automatically earn a profit-share rate of 4% APY until you move it somewhere else – for example minting it on-chain again to move into the world of DeFi.

Can anyone withdraw to a bank account?

Currently, only residents of the UK and EEA can withdraw DUSD into their regular bank through Fluid Accounts, but we’re working hard on expanding our supported regions – follow our social media channels for some announcements in the coming months.

Can I withdraw Naira to my bank account?

Yes, we’ve got your back! Residents of Nigeria can use our web app to place a P2P order in our marketplace and get Naira sent to their bank, without needing to visit their bank in person.