How to exchange cryptocurrencies for euros quickly and easily with TU Wallet
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We have been hearing about cryptocurrencies for years and it is normal to think that exchanging cryptos for euros is complicated. Perhaps you think that you need to be an expert, that the fees are too high or that transferring euros to your bank account from a wallet is too tedious. Well, none of this is true. Exchanging cryptocurrencies into euros is much easier than it sounds, and with the right tool, the process is fast, secure and hassle-free.
In this article, we are going to tell you how to exchange cryptocurrencies for euros step by step with the TU Wallet app. Forget the complications, all you need is your mobile phone and a few minutes. In no time at all, you will be able to convert your cryptocurrencies into euros and transfer them directly to your bank account for free. It’s that easy! With TU Wallet, exchanging cryptocurrencies to euros has never been so quick and easy.
Why switch from cryptocurrencies to euros?
Let’s start at the beginning, cryptocurrencies are based on supply and demand, if people believe in them and use them, more and more people and even companies will use them, so their value tends to go up. Cryptos have enormous potential because of the technology behind them and the community that supports them. If demand decreases or new factors emerge that change the current landscape, this may cause its value to decrease.
So… the million-dollar question is when is the right time to change your cryptocurrencies into euros? The answer is thatthere is no concrete formula: it depends on your situation and what you are looking for. For example, if your cryptos have risen in value and you want to secure your gains, or you simply need euros, it may be a good time to make the switch. But it may also be that you prefer to wait a little longer because you believe that the value can continue to rise, it can also be a good option.
So, although we would like to have a magic formula, it all depends on what your goal is with cryptocurrencies and what the market is like at the time. It all comes down to your objectives, it’s a matter of knowing what you want to do and adapting to the market.
Step-by-step how to exchange cryptocurrencies to euros with TU Wallet
Now that we know how cryptocurrencies create value and when it might be a good time to convert them into euros, let’s get practical: How do we do it with TU Wallet? We tell you how to do it step by step, without complications and safely.
If you already have the TU Wallet app installed on your mobile phone and your cryptocurrencies inside the app, you are ready to go. If you don’t have one yet, you can create an account to easily store your cryptocurrencies easily.
- The first thing you need to do is to add a balance in euros to your account. To do this, open the app, select the option “Add balance” and choose how you want to deposit the euros, either by credit card or bank transfer. In case you choose a card, the money will be debited immediately, and if you choose to make a transfer, it may take some time, depending on the security validations.
- Once you have your euros in your TU Wallet account, it’s time to make the change. Select, within the app, the “Exchange” option. Now it’s time to choose the cryptocurrencies you want to convert to euros. Review the summary of the transaction to be sure of everything, and when you’re ready, just confirm the transaction. As easy as that!
- Once you have made the exchange, if you want to take those euros to your bank account, just select the “Withdraw balance” option and enter the amount of euros you wish to withdraw. It will ask you for your IBAN, make sure that the IBAN is the same as the account holder of the account in TU Wallet from which you are withdrawing money, otherwise it will not let you make the transaction. You just need to confirm and you’re done, the transfer will be validated and youwill be able to see your euros in your account in just a few hours.
For this process all you need is your phone, the TU Wallet app and a connection to access the app to convert your cryptocurrencies into euros whenever you need to, no matter where you are or what you are doing. As you can see, it’s a quick and easy process, so don’t wait any longer and download the TU Wallet app to start trading cryptocurrencies.
Soy estudiante de Comunicación Digital y Publicidad y RRPP. Mi pasión es el marketing, las redes sociales y la creación de contenido. Soy amante de los viajes y siempre busco inspiración en cada rincón del mundo. Actualmente estoy trabajando en el equipo de marketing de Telefónica Innovación Digital con la beca Talentum.
