Account & Settings
Removing Funds (Offramp)
Otto Wallet provides an option to offramp (sell cryptocurrency for fiat) through integrated third-party providers.
How to Use:
- Connect Your Wallet: Ensure your wallet is connected to Otto.
- Open Account Summary: Click on your wallet address displayed in the header to open the Account Summary popover/dropdown.
- Access Offramp Options: Locate and click the “Remove Funds” button within the Account Summary. This will open a modal presenting available offramp providers.
Offramp Provider: Coinbase
Currently, Otto Wallet integrates with Coinbase for offramping services.
- Select Coinbase: In the “Select Offramp Provider” modal, choose the “Cash out with Coinbase” option.
- Coinbase Process: You will be redirected to Coinbase to complete the offramp process. This typically involves:
- Logging into your Coinbase account.
- Following Coinbase’s instructions to specify the cryptocurrency and amount you wish to sell.
- Choosing how you want to receive your fiat funds.
- Supported Networks: Offramping via Coinbase is supported for assets on networks such as Base, Ethereum, Arbitrum, Optimism, Polygon, and others!
Alternative: Sending Assets
You can also move assets out of your Otto-connected wallet by using the “Send Asset” feature within the Otto AI DeFi Agent to transfer them to another wallet address you control. See the “Sending Assets” guide for more details.
Important Notes:
- Third-Party Service: The offramp service is provided by Coinbase. Otto Wallet facilitates access to this service but does not handle the offramping process itself.
- Coinbase Account Required: You will need a Coinbase account to use this offramp feature.
- Availability: Offramping services, supported assets, and payout methods are subject to Coinbase’s terms and conditions and may vary by region.