By default, when you sell crypto on Breet using the Receive feature, the money goes straight to your local currency either, Naira or Cedis. But with the USD holding option, you can now choose to have the value of your crypto sales go into your USD wallet instead.
This gives you more flexibility. Your money stays in USD until you’re ready to convert or withdraw it, which means you can wait for a better rate or just hold it in a more stable currency.
Can I Withdraw My USD Balance?
You can’t withdraw USD directly to your bank. Instead, you’ll get two options:
Withdraw to your local Breet wallet
Withdraw to your bank account
Your USD will be converted to Naira or Cedis before it's sent.
What Exchange Rate Will be Used When I Convert My USD Balance?
The withdrawal rate is based on current market conditions, like demand and supply. This means the amount you get in your local currency can change depending on the market.
Before you confirm a withdrawal, you’ll see exactly how much you’ll receive. If the rate isn’t favorable at that time, you can cancel and try again later when the rate improves.
Is There a Limit to How Much I Can Hold in USD?
No, you can hold any amount in your USD wallet.
Are There Withdrawal Fees?
No fees. Withdrawing is completely free
Steps to Hold Your Balance in USD
1. Log in to your Breet account
2. Tap the Profile icon – it’s the fourth icon at the bottom right of your home screen
3. On your profile page, tap on Crypto Settings
4. Find the option that says “Hold Crypto in USD” and Toggle it on
Once enabled, the money from any crypto you sell will be credited to your USD wallet instead of your Naira or Cedis wallet. To disable it, simply follow the same process and toggle it off.