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Fiat Wallet - GBP Fiat Wallet Withdrawals via Faster Payment Service (FPS)
Fiat Wallet - GBP Fiat Wallet Withdrawals via Faster Payment Service (FPS)

Everything about GBP withdrawals via Faster Payment Service (FPS)

Support Specialist avatar
Written by Support Specialist
Updated over a week ago App users in the UK can now easily deposit and withdraw GBP using Faster Payments Service (FPS).

For regulatory reasons, you must first make a successful GBP deposit via FPS to the App before you can withdraw GBP funds back to the same bank account.

Note: Withdrawals to STARLING BANK LIMITED are currently unavailable.

How do I withdraw my funds?

For regulatory reasons, you can only withdraw to the same bank account(s) that you used to deposit the funds to Withdrawals to third-party payment processors are not supported.

Please follow the steps below to sell crypto to Fiat:

  1. Open the app

  2. Tap on "Accounts"

  3. Select "Fiat Wallet"

  4. Select "Sell Crypto"

  5. Select the cryptocurrency you'd like to convert to Fiat.

  6. Select the 'Cash' option.

  7. On the "Sell Cryptocurrency" screen, you can enter the amount you wish to convert. (If you tap on the field where you enter the amount, the app will suggest the maximum amount you can sell.)

  8. You will see a confirmation window showing the actual current value of the coin in fiat money for 15 seconds. Please pay attention to that window as it shows the amount of fiat money you are getting for the coin at that time.

Please follow the steps below to initiate a withdrawal request:

  1. Go to the App, go to "Accounts", open the Fiat Wallet and tap ‘Transfer’ → ‘Withdraw’ → ‘GBP’.

  2. Select the GBP balance and tap ‘Withdraw GBP’.

  3. Review the submission process and withdrawal limits, and tap ‘Withdraw Now’.

  4. Input the withdrawal amount and select the bank account that you are withdrawing the funds to.

  5. Review and confirm the withdrawal request.

What are the withdrawal limits and fees?

Minimum (per transaction)

GBP 70 minimum withdrawal

Daily Withdrawal Limit (24-hour rolling)

GBP 100,000

Monthly Withdrawal Limit (30-day rolling)

GBP 500,000

Withdrawal fee (per withdrawal)

GBP 1.90

Prime users can withdraw up to GBP 1M per day.

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