With Savl Wallet you can now sell many of your cryptocurrency assets, convert the proceeds to fiat (traditional currency) and send those proceeds directly to your bank debit or credit card. In this article, we will explain how you can benefit from this exciting new feature in Savl Wallet and everything you need to know in order to make it happen.

As Savl Wallet is a decentralized and non-custodial service, we have to work with a third-party provider to facilitate the liquidation, conversion to fiat and transfer cryptocurrency assets to your bank card. In order to make this happen, we work with Ramp - our trusted partner with reliably low fees. 

Before we dig in, it is important to understand the fees involved in selling your cryptocurrencies and which cryptocurrencies you are able to sell…

Ramp Fees

To learn more about Ramp's fees for selling your crypto, please click this link to go directly to their webpage.

Ramp Supported Currencies: 

• Cryptoassets/blockchains supported in the USA by RAMP are listed here  
• Cryptoassets/blockchains supported in all other countries by RAMP are listed here

Gas Fees: Each blockchain network will charge specific fees for transactions. These fees are shown within Savl Wallet as a ‘transaction fee’ but are more commonly referred to as ‘gas fees’. Savl has no control over these fees and they are set by each respective blockchain. In some cases, you will be able to choose a faster transaction speed which will incur a larger gas fee. By default, the lowest fee is automatically selected for you.

Savl Fees: Savl does not presently charge any additional fees for selling your crypto assets. 

The Selling Process:

Although this process may appear detailed, it is actually very simple - especially once you have completed verification with Ramp (which is required by law in most jurisdictions). 

1. From the homescreen just tap the BUY/SELL button to begin. 
2. On the next screen, select Sell To Your Card.
3. Select the currency you wish to sell.
4. Use the toggle switch to go between crypto currency or fiat currency.
5. Input the amount you wish to sell while noting the minimum amounts.
6. Tap the green Continue button and then a pop-up will appear. Tap "I Understand"
7. We may be asked to enter an email address (we need this for account matching and troubleshooting).
8. You will now be take through to Ramp's process where you can complete your order.
9. Check the amounts, and fiat currency, and tap the green Proceed button.
10. You will now see your email address pre-filled, if you have previously verified with Ramp, please input the email address you last used to avoid having to KYC (the verification process) again. Tap Proceed.
11. A verification code will be sent to your email address. Please input the numbers and tap Confirm.
12. On the next screen, you will be able to confirm your pre-filled wallet address. Tap Proceed.
13. You will now see a summary of your transcation and your payout method i.e. your bank card details (these will appear following the one-time KYC process). Tap Proceed to send your transaction fee and complete with Ramp.
14. On the next screen tap SEND WITH YOUR WALLET
15. You will now be taken back to Savl where you need to tap Confirm to complete your transaction.