There are two withdrawal methods for USDC or SOL. First, a direct conversion of USDC and/or SOL to a local currency, followed by a direct transfer to a bank account, when local currency and location are supported. Second, a USDC and/or SOL withdraw to a cryptocurrency exchange
- Creators can initiate a direct conversion of their crypto to the local currency at Only1, followed by a direct transfer to a bank account when local currency, location and payout to the bank are supported. This feature, which necessitates KYC verification, will be made available in the near future.
- Alternatively, creators may choose to withdraw their USDC or SOL to a cryptocurrency exchange, preferably one that supports bank payouts in the creator's local currency.
This is how to send the USDC or SOL to a crypto exchange:
- Tap the circular profile icon at the bottom right (or at the top left if on desktop)
- Select 'Wallet'
- Select 'Withdraw' to view the wallet withdraw interface
- Choose the currency to withdraw 'USDC' or 'SOL'.
- Below 'Address,' enter the USDC or SOL address of a crypto exchange account that is going to receive the digital curency. Please double-check the address and make sure that the receiver exchange supports the chosen currency for the Solana Network. When in doubt, get professional help!
- Below 'Amount' choose the USDC or SOL amount to send.
- Once selected hit the purple 'Send' button at the bottom right corner to send the digital currency
Note: Withdrawing USDC requires a small amount of SOL (approximately 0.00005 SOL, which is around $0.01 per withdrawal)