New Deposit and Withdrawal Methods

Deposit 2.0 and Cashout Feature

Cashout: Late March 2021, we launched Cashout; our super-fast withdrawal feature which is powered by our CashAgent Network. Cashout guarantees a maximum of 15 minutes withdrawal from any wallet or exchange. To see it in action, visit https://cashout.cryptorize.co/

How to buy with Deposit 2.0

You have to buy options on the Cryptorize app: You can either buy coins to an external wallet address like Luno, Binance, Latoken etc OR You can fund your Cryptorize coin wallet.

  1. Go to wallets, select the wallet you want to fund e.g BTC Wallet.
  2. Click “Buy” and enter the amount you wish to buy in BTC or in Naira.
  3. Confirm the transaction and proceed.
  4. You will be shown a unique one-time bank account to make payment to. Note that this bank account can only be used once. Funds will be lost if used again.
  5. Launch your mobile banking app or USSD and proceed to make the transfer.
  1. On the home screen, click “Buy”, select the crypto your wish to buy and proceed to enter the amount you wish to buy in BTC or in Naira.
  2. Confirm the transaction and proceed.
  3. You will be shown a unique one-time bank account to make payment to. Note that this bank account can only be used once. Funds will be lost if used again.
  4. Launch your mobile banking app or USSD and proceed to make the transfer.

How to withdrawal to your Bank Account with Cashout

Cashout is a nifty withdrawal feature that lets users withdraw crypto from anywhere in the world to their Naira bank accounts.

  1. Go to wallets, select the wallet you want to withdraw from e.g BTC Wallet.
  2. Click “Withdraw” and enter the amount you wish to withdraw in BTC.
  3. Select “Bank Account” option, you’d be asked to choose a Cryptorization (A saved bank account recipient). Create one if you haven’t already.
  4. Confirm the transaction and proceed.
  5. Your funds will be matched with a Cash Agent within minutes and you’d receive Naira in your bank account immediately.
  1. Click “Cashout” from the menu.
  2. Enter your Naira bank account details and save.
  3. You will be shown a unique address.
  4. Go to your external wallet (Luno, Binance, Coinbase etc) and select the option to transfer coins.
  5. Enter your unique cashout address generated previously and send the desired amount of coins.
  6. The Naira equivalence will be deposited into your saved bank account using the current exchange rate.

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