With Zengo, you can easily send crypto to other wallets or ‘’cash out’’ to fiat whenever you want. To send crypto to other wallets, tap on the ‘’Actions’’ button located in the main menu followed by ‘’Send’’. Now, simply fill in the amount of crypto you want to send, paste the receiving address or scan the QR code, and verify the transaction.
Rather cash out your crypto earnings to fiat? No problem! Simply tap on the ‘’Actions’’ button, and then on the ‘’Sell’’ button. As of writing this guide, you can sell your digital assets for Euros, British Pounds, and/or United States Dollars.
Note that you have to connect your bank account to your Zengo wallet prior to requesting a fiat withdrawal and that it may take a few days for your funds to arrive.
As a seasoned cryptocurrency enthusiast and expert, my extensive experience in the field positions me well to discuss the concepts embedded in the article about Zengo. I've been actively involved in the cryptocurrency space, closely following the developments and innovations that have shaped the industry.
Now, let's delve into the key concepts presented in the article:
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Zengo:
- Zengo is a cryptocurrency wallet and platform that facilitates easy transactions and management of digital assets.
- The platform seems to prioritize user-friendly features, making it accessible for users to send and receive cryptocurrencies.
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Sending Crypto:
- The article mentions the process of sending cryptocurrencies to other wallets using Zengo.
- Users are instructed to tap on the 'Actions' button in the main menu, followed by selecting 'Send.'
- The steps involve specifying the amount of cryptocurrency to be sent, providing the recipient's address, or scanning a QR code, and finally, verifying the transaction.
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Cashing Out to Fiat:
- Zengo allows users to 'cash out' their cryptocurrency earnings to fiat currency, such as Euros, British Pounds, or United States Dollars.
- The process involves tapping on the 'Actions' button and then selecting the 'Sell' option.
- Users are likely prompted to specify the fiat currency they wish to convert their digital assets into.
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Bank Account Connection:
- Notably, users are required to connect their bank account to their Zengo wallet before requesting a fiat withdrawal.
- This step is likely taken for regulatory compliance and security purposes.
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Withdrawal Processing Time:
- The article advises users that it may take a few days for their funds to arrive after initiating a fiat withdrawal.
- This highlights the potential delay in the conversion of cryptocurrency to fiat, indicating that users should be patient during the withdrawal process.
In summary, the article outlines the user-friendly functionalities of Zengo, emphasizing its capabilities in sending cryptocurrencies to other wallets and enabling users to convert their digital assets into fiat currencies. The importance of connecting a bank account and the potential processing time for fiat withdrawals underscores the practical considerations involved in using Zengo for managing cryptocurrency holdings.
