What is fiat withdrawal?

Fiat withdrawal on Sheepy allows merchants to seamlessly off-ramp cryptocurrency by converting it into government-issued currency - such as EUR - and transferring the resulting funds to a verified bank account. This functionality provides businesses with a practical method for bridging digital assets and traditional finance, especially for handling payroll, supplier payments, or routine liquidity operations.

Unlike blockchain-based withdrawals, which depend on decentralized confirmations, fiat withdrawals are processed through regulated financial systems, such as SEPA or SWIFT, ensuring compatibility with standard banking infrastructure. Once a merchant initiates the withdrawal request through the Sheepy dashboard, the platform converts the crypto balance into fiat using the latest exchange rate and transfers the funds directly to the merchant’s bank account.

This process supports one-time transfers as well as automated withdrawals, providing a flexible and compliant exit route for crypto-generated revenue. Sheepy’s fiat withdrawal feature is particularly valuable for businesses that need reliable, traceable transactions within traditional financial frameworks.