Cash out crypto straight to your payment app
You can cash out crypto on Peer without an exchange account. Deposit USDC into onchain escrow and set your rate, a buyer sends you a normal payment on the app you choose, the payment is verified privately, and escrow releases the USDC. You keep the fiat plus the spread you set, and your funds never pass through a custodian.
How cashing out works
Deposit USDC into onchain escrow
Deposit USDC and set your rate. Your crypto sits in an onchain escrow contract, not with a company, until the trade completes.
A buyer pays you on your app
A buyer takes your offer and sends you a normal payment on the app you chose. The fiat goes straight to your own account; there is no processor or withdrawal queue in between.
The payment is verified privately
The buyer's payment is verified privately and escrow releases the USDC. You keep the fiat plus the spread you set.
Supported apps and currencies
You can receive fiat on any payment method supported by Peer. Each method below has its own guide.
- VenmoUSD
- PayPalUSD, EUR, GBP, AUD, CAD, NZD, and SGD
- Cash AppUSD
- Revolut24 currencies: USD, EUR, GBP, CHF, PLN, SEK, NOK, DKK, CZK, HUF, RON, TRY, AED, SAR, THB, HKD, SGD, JPY, CNY, MXN, ZAR, AUD, NZD, and CAD
- ZelleUSD
- Wise31 currencies: USD, EUR, GBP, AUD, NZD, CAD, CHF, SGD, HKD, JPY, CNY, AED, ILS, ZAR, PLN, TRY, CZK, DKK, HUF, NOK, RON, SEK, INR, IDR, KES, MYR, MXN, PHP, THB, VND, and UGX
- Mercado PagoARS
- MonzoGBP
- N26EUR
- ChimeUSD
- AlipayCNY
- LuxonUSD, EUR, and GBP
Why non-custodial matters
Cashing out through a centralized exchange means moving your crypto into the platform's custody, waiting on its withdrawal processing, and accepting the account risk that comes with any custodial system. Those are properties of the model, whichever company runs it.
On Peer, custody never transfers. Your USDC sits in an onchain escrow contract you can inspect, the fiat arrives as a direct payment to an account you already own, and there is no platform balance that can be frozen or delayed, because no platform balance exists.
Sellers set the price
Offers on Peer are priced by sellers, not by a company. Buyers pay a premium for speed and simplicity: getting USDC with a payment app they already have instead of onboarding to an exchange. The spread you set is yours, and you choose the trade-off between rate and how quickly your deposit fills. If supplying liquidity is the side you care about, see earning a premium as a maker.
Seller Autopilot: an enclave can verify buyer payments automatically, so releases do not wait on you being online.
Cash out FAQs
Which payment apps can I cash out to?
Peer supports Venmo, PayPal, Revolut, Cash App, Zelle, Wise, Monzo, N26, Chime, Mercado Pago, Alipay, and Luxon. You receive a normal payment on the account you already have.
How long does cashing out take?
The fiat arrives in your payment app as a normal payment from the buyer. Escrow releases the USDC once that payment is verified, and with Seller Autopilot the verification of buyer payments can run automatically.
What are the fees for selling?
You set your own rate, and the spread you set is yours. Peer applies up to a 0.95% base taker service fee to orders, paid by the buyer and reduced by taker-tier discounts. Trust the values shown in the app when you create a deposit.
Are there limits on how much I can sell?
Individual buyer orders are limited by Taker Tiers and range from $100 to $5,000 per order. Your deposit can be larger and filled by multiple orders over time; trust the values shown in the app.
Do I need to verify my identity to cash out?
No additional verification is required. You connect a wallet and receive payments on the accounts you already have. Some payment methods ask sellers to register their receiving account through the Peer extension first; the app walks you through it.
Is cashing out non-custodial?
Yes. Your USDC sits in an onchain escrow contract until the buyer's payment is verified, and the fiat arrives directly in your own payment app account. Peer never holds your funds.