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How to receive money via Peanut?

When someone sends you money through a Peanut link, you have several ways to receive it. This guide will walk you through all the available methods.

Overview

Claiming a Peanut link means receiving the digital money that someone has sent to you. You can claim funds in different ways depending on your preferences and needs:
  1. To your Peanut Wallet - Instant and easiest option! This can also give you extra rewards.
  1. Directly to your bank account - Convert to cash and receive in your local currency
  1. To an external wallet or exchange - For advanced users who want to use their own crypto wallets
  1. To PIX, MercadoPago, Modo, CODI - Coming Soon for users in Latin America
  1. To M-PESA, Airtel, DuitNow, Paypal, and many more - Coming Soon!

Method 1: Claim to Peanut 🥜

Best for: Quick and easy claiming with no fees and rewards

How it works:

  • Instantly receive funds in your Peanut Wallet
  • No network fees (sponsored by Peanut!)
  • Works with any amount
  • Automatic currency conversion if needed

Steps:

  1. Click on your Peanut link
  1. If you don't have a Peanut account, you have to option to create one and once signed up the funds will be claimed to your peanut wallet
  1. If you're already logged in, click "Receive on Peanut"
  1. Funds appear instantly in your wallet

Requirements:

  • Peanut account (free to create)
  • No minimum amount
  • No KYC required!

Method 2: Claim to Bank Account 🏦

Best for: Converting digital money directly to cash in your local currency

How it works:

  • Convert digital money to your local currency
  • Receive money directly in your bank account
  • Supports multiple countries and currencies

Requirements:

  • Minimum amount: $1 USD
  • Maximum amount: $101,000 USD

Supported countries:

Currently Available:
  • Europe (SEPA): All European Union countries plus Iceland, Liechtenstein, Norway, and Switzerland (EUR)
  • United States: US bank accounts with routing numbers (USD)
  • Mexico: CLABE accounts (MXN)
Coming Soon:
  • Latin America (LATAM): Argentina, Brazil, Chile, Colombia, Peru, and other Latin American countries
  • Africa

Steps:

  1. Click on your Peanut link
  1. Choose "Claim to bank account"
  1. Select your country (currently Europe/SEPA, United States, or Mexico)
  1. Enter your bank account details:
      • Europe (SEPA): IBAN and BIC codes
      • United States: Account number, routing number and bank address
      • Mexico: CLABE number
  1. Complete identity verification if required
  1. Review and confirm the transfer
  1. Receive money in your bank account ( usually takes minutes, but can take up to 1-3 business days)

When Identity Verification is Required:

The verification process depends on who sent you the money and your account status:

No Verification Needed - Easiest Option:

  • When: The person who sent you money has already completed identity verification
  • Who: Anyone can claim without verification (even without a Peanut account)
  • Process: Simply enter your bank details and receive the money using the sender's verified status

⚠️ Basic Information Required:

  • When: You have a Peanut account and the sender is verified
  • Who: Existing Peanut users

📋 Full Identity Verification Required:

  • When: The person who sent you money has not completed identity verification
  • Who: All users (both new and existing)
  • What you'll need: Government-issued ID, personal information, and verification process (Peanut never stores any documents)
  • Time: Usually takes a few minutes to complete

🚀 Express Option - Saved Bank Accounts:

  • When: You've used Peanut bank claims before
  • Benefit: Skip re-entering bank details and speed up the process
  • Process: Simply select from your previously saved bank accounts

Method 3: Claim to External Wallet/Exchange 💼

Best for: Users who want to use their own digital wallets or send directly to exchanges

How it works:

  • Claim to any compatible digital wallet address or ens
  • Choose between different networks and tokens you wish to receive funds as
  • Transaction fees sponsored by Peanut

Steps:

  1. Click on your Peanut link
  1. Choose "Claim to wallet or exchange"
  1. Enter your wallet address, ENS name
  1. Select your preferred network and currency (if different from default usdc on arbitrum)
  1. Review the transaction details
  1. Confirm to receive your funds

Supported destinations:

  • Wallet addresses: Any valid digital wallet address
  • ENS names: yourname.eth
  • Network conversion: Convert between different networks and tokens

Important notes:

  • ⚠️ Double-check your address! Incorrect addresses may result in lost funds
  • Network conversions may have slight differences due to slippage rates
  • You'll see a "Min Received" amount for network conversions

Method 4: Claim to Mercado Pago 🇦🇷

Status: Coming Soon
Best for: Users in Argentina and other Latin American countries
This payment method will allow you to:
  • Receive funds directly to your Mercado Pago account
  • Convert digital money to local currency
  • Use familiar payment infrastructure
This feature is currently in development. Check back soon!

Special Cases

Network Conversion Claims

When claiming to a different network or currency than originally sent:
  • The system automatically finds the best conversion route
  • You'll see the minimum amount you'll receive after conversion
  • Small differences may occur due to exchange/slippage rates
  • Transaction fees are still sponsored by Peanut

Troubleshooting

Link not working?

  • Check if the link has already been claimed
  • Verify you have the correct/complete link
  • Contact support at peanut.me/support incase you face trouble claiming a link, we usually respond within minutes :)

Bank claim issues?

  • Verify your bank details are correct
  • Check if your country is supported (currently Europe/SEPA, US, and Mexico only)
  • Ensure the amount meets minimum requirements ($1 USD and 50 MXN for Mexico claims )
  • Complete any required identity verification
  • For other LATAM and African countries: This feature is coming soon

External wallet issues?

  • Double-check the wallet address is correct
  • Ensure the address supports the currency/network you're claiming to

Fees

  • Read more about fees at

Security Tips

  • Always verify the sender before claiming large amounts
  • Double-check wallet addresses before claiming to external wallets
  • Use bank claims for amounts you want to convert to cash
  • For bank claims, make sure you understand the identity verification requirements

Need Help?

If you encounter any issues while claiming your link:
  1. Check this guide for troubleshooting tips
  1. Contact Peanut support through the app or at peanut.me/support
  1. Join our community on telegram for help from other users
Happy claiming! 🥜✨