<\/span><\/h3>\n\n\n\nFrom the Payout page, you’ll be able to enter the number of Gems you want to receive in your bank account or Cryptocurrency wallet. 1 Gem = 1 dollar.<\/p>\n\n\n\n
Enter the amount you want to receive<\/strong> by clicking on the Enter an amount to payout (100 Gems minimum).<\/p>\n\n\n\n <\/figure>\n\n\n\nAfter you’ve entered the amount you’d like to receive, select the Payout method<\/strong> you which to withdraw your funds. You can choose between an International Bank Transfer or any cryptocurrency you’d like to go with. Click the checkbox to agree to the payout terms.<\/p>\n\n\n\n <\/figure>\n\n\n\nNote<\/strong>: The cryptocurrency payment method for BTC, ETH , USDT, and Binance USD [BUSD] is currently on hold for technical issues. Which means you won’t be able to use it to withdraw.<\/p>\n\n\n\nIf you’re choosing a cryptocurrency Payout option, select your preferred crypto. You can use USDT or BTC. They’re on the ERC20 network. Now, Enter the crypto wallet address, agree to the payout terms and conditions, and Click on Next<\/mark>.<\/p>\n\n\n\n <\/figure>\n\n\n\n<\/span>Step 3: Set Up The Payment Method<\/span><\/h3>\n\n\n\nSince this is your first time, you’ll need to add the bank account you want to receive your money from. After you’ve selected the International Bank Transfer, you’ll see the Choose Account<\/strong> field. <\/p>\n\n\n\nClick on Add new account<\/mark>. Once you’ve successfully added your bank account, it will be available for future payouts.<\/p>\n\n\n\n <\/figure>\n\n\n\nEnter the bank account details<\/strong> that you want to receive your money. There is a limited currency in that you’ll be able to withdraw funds. You can choose AUD, CAD, EUR, GBP, HKD, JPY, NZD, and USD. <\/p>\n\n\n\n <\/figure>\n\n\n\nIf you don’t see your local currency, you can always use USD if your bank automatically converts USD to your local currency. And make sure you enter the BIC\/SWIFT<\/strong> code. If you’ve entered bank account details, click on Add Account<\/mark>.<\/p>\n\n\n\n<\/span>Step 3: Withdraw To Bank Account <\/span><\/h3>\n\n\n\nOnce you’ve added your bank details, you’ll need to review the payout details and make sure it’s correct. If not, click the edit icon to update the details. Once everything is okay, click on Withdraw<\/mark>.<\/p>\n\n\n\n <\/figure>\n\n\n\nIf you’ve chosen the cryptocurrency Payout option, you’ll still be able to review the payout details. Make sure the crypto wallet address is correct. If everything is okay, click on Withdraw<\/mark>.<\/p>\n\n\n\n <\/figure>\n\n\n\nA 10% fee<\/strong> will be applied to bank transfers and cryptocurrency payout transactions. In addition, more fees may apply. You’ll be able to see them before withdrawing to your account or wallet.<\/p>\n\n\n\n<\/span>Conclusion<\/span><\/h2>\n\n\n\nPreviously, users could only convert their Fiat currency to Gems to buy and sell NFT collections.<\/p>\n\n\n\n
If you’ve been wanting to cash out your Gems on Veve, you’ll now be able to do so using the Payout feature. <\/p>\n\n\n\n
The Veve Payout feature is now available for everyone, and to use it to cash out, you’ll have to complete the KYC process to request a withdrawal.<\/p>\n\n\n\n
This feature allows you to automatically convert their in-app currency, Gems to Fiat or cryptocurrencies when you’re requesting a withdrawal. <\/p>\n\n\n\n
You’ll have to have a balance of 1000 Gem to make a withdrawal. The minimum you can withdraw is 100 Gem, and the Maximum within 7 days is 50,000 Gem.<\/p>\n\n\n\n
And the one we don’t like is the 10% withdrawal fee. <\/strong>People have been complaining, and it’s just too high for a withdrawal.<\/p>\n\n\n\n<\/span>Frequently Asked Questions<\/span><\/h2>\n\n\n\n<\/span>Can I change my banking details on Veve?<\/span><\/h3>\n\n\n\nYes, you’ll be able to change your banking details on Veve once you’ve been approved. But once you edit it, you’ll have to prove that you have access to the bank account.<\/p>\n\n\n\n
<\/span>How long does KYC approval take?<\/span><\/h3>\n\n\n\nIf you’ve successfully submitted your KYC and banking details, you’ll have to wait for 5 business days for the KYC to be approved. During this time, you’ll get an email to verify that you’re the owner of the ID documents and have access to the bank account.<\/p>\n","protected":false},"excerpt":{"rendered":"
In this article, you learn how to cash out on Veve. You’ll be able to use the step-by-step guide that works in 2022 to withdraw money on Veve using Payout.<\/p>\n","protected":false},"author":2,"featured_media":17294,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[2353,2220],"tags":[2371,2299,2370],"jetpack_publicize_connections":[],"yoast_head":"\n
How To Cash Out On Veve Using Payout (The Step-By-step Guide)<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n