Overview Peanut's self-custodial offramp allows users to directly cash out tokens from over 20 Ethereum Virtual Machine (EVM) chains into their bank accounts without using centralized exchanges (CEXs)
Overview
Peanut's self-custodial offramp allows users to directly cash out tokens from over 20 Ethereum Virtual Machine (EVM) chains into their bank accounts without using centralized exchanges (CEXs). This feature supports conversions from cryptocurrencies to fiat currencies (USD, EUR) by integrating blockchain networks with traditional fiat payment systems such as IBAN, BIC, and SWIFT.
Key Features
- Supported Networks: Works with over 20 EVM-compatible chains.
- Fiat Currency Support: Users can cash out in USD or EUR.
- Payment Integration: Connects with IBAN, BIC, and SWIFT for fiat payments.
- Self-Custodial: Full control over assets without third-party intermediaries.
- Minimum Transaction Amount: $10 per transaction.
Fund Transfer via Messaging
Peanut also enables fund transfers using QR codes or messaging platforms (WhatsApp, Telegram, email). Recipients can transfer the received funds directly to their bank accounts without needing a cryptocurrency wallet. This simplifies crypto-to-fiat transfers across different communication platforms.
Beta Launch Information
- Free Transactions: The first five transactions are free during the beta period.
- Fees: Small fees apply after the initial free transactions.
- Availability: The beta is currently available in the EU and US.
Supported Blockchains
Peanut currently supports over 20 EVM-compatible blockchains with plans to expand to Bitcoin and Solana networks. See Supported Chains and Tokens
FAQ
How is the foreign exchange rate calculated?