Cashing Out Of Circle Invest: A Step-By-Step Guide

Circle Invest is a platform that allows users to send, trade, and invest in both cryptocurrencies and traditional currencies. To cash out of Circle Invest, users must first ensure they have USD in their Invest account. If a user's balance is held in BTC, they must sell some or all of their Bitcoin holdings to hold US Dollars. Once a user has a USD balance, they can go to the Portfolio section of their Invest account and initiate a withdrawal. The withdrawal process typically takes between 1-5 business days to process and arrive in the user's receiving bank account. It is important to note that Circle Invest currently only supports withdrawals to linked bank accounts and does not support sending or receiving from external blockchain addresses.

How to initiate a withdrawal from Circle Invest

To initiate a withdrawal from Circle Invest, you must first ensure that you have USD in your Invest account. If your balance is in another currency, such as BTC, you will need to sell some or all of your holdings to convert them to US Dollars. To do this, tap on the relevant digital currency, tap on "Sell", choose the dollar amount, and confirm the sale.

Once you have a USD balance, go to the Portfolio section of your Invest account. From there, scroll down and tap "Withdraw". Choose the amount you wish to withdraw, and confirm the transaction.

You can check that the withdrawal process has started by going to the Recent Activity section of the Portfolio screen, where in-process withdrawals will show as "Withdrawing USD". Typically, it takes between 1 and 5 business days for a withdrawal to be processed and for the funds to arrive in your bank account.

Note that Circle Invest currently only supports withdrawals to linked US bank accounts. Additionally, savings and money market accounts may not be compatible due to regulations limiting the number of transactions per month, so a checking account is recommended.

Sell your digital currency to get USD

To sell your digital currency and get USD, you must first ensure you have USD in your Circle Invest account. If your entire balance is in another currency, such as BTC, you will need to sell some or all of your holdings to get US Dollars.

To sell, tap on any of the digital currencies that you hold, tap on 'Sell', choose the dollar amount that you would like to sell, and then tap on 'Sell' again.

Once you have a USD balance, go to the Portfolio section of your Invest account. This is the middle tab at the bottom of the app. From there, scroll down and tap 'Withdraw'. Choose the dollar amount you would like to withdraw, then tap 'Withdraw' again.

You can confirm that the withdrawal process has started by scrolling down to 'Recent Activity' on the Portfolio screen of the app. Withdrawals in process will show as “Withdrawing USD”, and completed withdrawals will show as “Withdrew USD”.

It usually takes between 1-5 business days for a withdrawal to process and arrive in your receiving bank account.

Go to the Portfolio section of your Invest account

To cash out of Circle Invest, you will need to make sure you have USD in your Invest account. If your entire Circle Invest balance is in Bitcoin or another cryptocurrency, you will need to sell some or all of your holdings to hold US Dollars that you can then withdraw. To do this, tap on any of the digital currencies that you hold, tap on 'Sell', choose the dollar amount that you would like to sell, and then tap on 'Sell' again.

Once you have a USD balance, go to the Portfolio section of your Invest account (the middle tab on the bottom of the app). This section is the hub of your Circle Invest account, where you can view your transaction history, check the performance of your investments, and manage your funds. From the Portfolio section, scroll down and tap on 'Withdraw'. Here, you can choose the dollar amount that you would like to withdraw from your Circle Invest account to your linked bank account.

When you initiate a withdrawal, you will be presented with a summary of the transaction, including the amount you are withdrawing and the account it will be sent to. Review this information carefully to ensure it is correct. You may also be asked to confirm the withdrawal by entering a security code or using a biometric authentication method, such as a fingerprint or facial recognition, depending on your device's settings.

After you have confirmed the withdrawal, the funds will be deducted from your Circle Invest account balance, and the transaction will be processed. You can confirm that the withdrawal process has started by scrolling down to 'Recent Activity' on the Portfolio screen of the app. Withdrawals in process will show as "Withdrawing USD", and completed withdrawals will show as "Withdrew USD". It usually takes between 1-5 business days for a withdrawal to process and arrive in your receiving bank account.

Find the 'Transfer money' tab to transfer funds

To cash out of Circle Invest, you will need to make sure you have USD in your Invest account. If your entire Circle Invest balance is in Bitcoin or another cryptocurrency, you will need to sell some or all of your holdings to hold US Dollars that you can then cash out. To do this, tap on any of the digital currencies that you hold, tap on 'Sell', choose the dollar amount that you would like to sell, and then tap on 'Sell' again.

Once you have a USD balance, find the Transfer money tab at the top of your screen when logged in to your account. Go to the Portfolio section of your Invest account (the middle tab at the bottom of the app), scroll down, and tap on 'Withdraw'. Choose the dollar amount that you would like to withdraw, then tap 'Withdraw'.

You can confirm that the withdrawal process has started by scrolling down to 'Recent Activity' on the Portfolio screen of the app. Withdrawals in process will show as “Withdrawing USD”, and completed withdrawals will show as “Withdrew USD”. It usually takes between 1-5 business days for a withdrawal to process and arrive in your receiving bank account.

Note that, for now, you can only withdraw back to your bank account. Circle does not support sending or receiving from external blockchain addresses.

Check the status of your withdrawal

To check the status of your withdrawal from Circle Invest, you can refer to the Recent Activity on the Portfolio screen of the app. Here's a step-by-step guide:

• Open the Circle Invest app on your device.
• Navigate to the Portfolio section of your Invest account. This is usually the middle tab at the bottom of the app.
• Once in the Portfolio section, scroll down to find the Recent Activity section.
• In the Recent Activity section, look for the status of your withdrawal. If you see "Withdrawing USD," it indicates that the withdrawal process has started but is still in progress. If you see "Withdrew USD," it means that the withdrawal has been completed.

It's important to note that withdrawals usually take between 1 to 5 business days to process and arrive in your linked bank account. Also, Circle Invest currently only supports withdrawals to your bank account and does not facilitate transactions to external blockchain addresses.

By following these steps, you can easily check the status of your withdrawal and confirm whether it is in progress or completed. This information can provide you with peace of mind and help you manage your finances effectively.

Frequently asked questions