What is crypto withdrawal and how to create a withdrawal request

Sheepy is a cryptocurrency payment provider that allows you to buy, sell, and store various crypto assets. If you want to cash out your crypto earnings and transfer them to your bank account, you can do that by creating a withdrawal request on Sheepy.

A withdrawal means the process of transferring fiat currency from your Sheepy account to an external bank account.

Here are the steps to follow:

1. Log in to your Sheepy account. If you don’t have an account yet, you can sign up here.

2. Click on the “Fiat withdrawals” tab in the left menu.

3. On this page you may find all your recent withdrawal requests.

You can sort them by date or period or search for them by withdrawal ID or address if needed.

4. You can get more information about the withdrawal by clicking on it:

5. On the next page, you can find detailed information on a specific withdrawal, such as:

• Payment date: The date and time when the withdrawal was transferred.
• Payment status: The current state of the withdrawal.
• Withdrawal ID: The unique identifier of the withdrawal.
• Bank account details (account name, IBAN, BIC): The details of the bank account where the withdrawal was sent.
• Withdrawal method name: The name of the withdrawal method that was used. Payment amount: The amount of fiat currency that was transferred.
• Fees information: The fees charged for processing the withdrawal.

You can also repeat the request, go back to the recent withdrawal page, or export the withdrawal data by clicking on the download icon in the upper right corner.

6. To create a new withdrawal request, you should click the “Request withdrawal” button at the bottom of the Withdrawal page.

7. Next step you should:

• Select the withdrawal currency (in our example EUR).
• Enter withdrawal method name.
• Enter your bank account details (account name, IBAN, BIC).
• Enter amount to withdraw.

Check the box if you want to use this method as default withdrawal method.

After entering all required information, please click the “Request withdrawal” button.

That’s it! You have successfully created the fiat withdrawal request on Sheepy. You can track its status on the Withdrawal page.

Sheepy is one of the best crypto payment solutions for online businesses that want to leverage the power of blockchain and crypto payments. Sheepy offers a fast, secure, and low-cost crypto payment platform that supports multiple currencies and integrations. Sheepy can help you with your crypto payment needs.