This is a written tutorial on how to off-ramp XCHF for regular CHF. If you prefer a video guide on how to do this, look up our video tutorials.
But why would you want to exchange cryptocurrencies for fiat money in the first place? To illustrate that, we can imagine the following situation:
Lisa, a young talent in a well-known Swiss consulting firm, needs some Swiss Francs to pay for her apartment. Sadly, neither her employer nor the landlord accept crypto francs (XCHF).
However, this is no longer an issue for her. She simply opens her Portfolio App and clicks on Ether to check her balance. Then she taps on "Buy / Sell" and initiates the desired action in Mt. Pelerin's widget. Just like that she can not only buy new cryptocurrencies but also sell them again for Swiss Francs.
In order to start, you need to make up your mind about three things:
Once you know that, you can proceed with step 2.
The easiest way to find and open the widget is by using your Portfolio App. Simply tap on "Ether" and then on "Buy / Sell" to open Mt. Pelerin's widget. However, you can also do this with any other wallet by using the widget in a browser on a computer.
If you want to open the widget on a computer, navigate to https://www.mtpelerin.com/
Either way, the interface and the process are nearly identical. In order to sell currencies click on “Sell” in the widget.
Now check again the following three things if you want to swap cryptocurrencies for cash:
In the widget on the website of Mt. Pelerin, fill in the necessary information, that is:
Quick reminder: You can do all this directly from your Portfolio App and don't need a desktop computer or laptop.
You will be asked to fill in and confirm your phone number as well as your email address.
If you are using the widget on a computer, you need to connect a wallet to the widget. This can be any WalletConnect compatible wallet.
How do you do that? Simple:
In order to continue you will have to validate your address by signing and confirming the connection on your Portfolio App or any other wallet.
Now it's time to type in your bank details.
You have already made it to the last step.
Now simply send the specified amount from the given network to the provided address shown in the widget.
Let’s break this down step-by-step if you are using the widget on a laptop:
Now if you are using the widget within your Portfolio App, your wallet is already connected. In order to proceed, do the following
That's it, you'll be notified via e-mail about the order status.