How can I withdraw fiat currency?

To withdraw fiat currency from your Sheepy account, begin by logging into the merchant dashboard and accessing the “Fiat Withdrawals” section. Select the payout method (currently supported via SEPA for EUR), choose the currency, and enter the amount you wish to withdraw. You will then be prompted to enter or confirm your bank account details, including the International Bank Account Number (IBAN) and Bank Identifier Code (BIC), which are required for cross-border payments within Europe.

After confirming the withdrawal request, Sheepy will automatically convert the selected amount of cryptocurrency into fiat at the current market exchange rate. The converted funds will then be transferred to your linked bank account. Processing typically takes one to three business days, depending on your bank and any regional clearing schedules.

You can track the status of your withdrawal in real time via the “History” tab, where each transaction is logged for transparency and accounting. For smooth operation, ensure that your bank account information is up to date and matches the registered account owner’s details to avoid delays.