Cryptocurrency is considered safe due to its blockchain technology and cryptographic protection of cryptocurrency transactions. In addition, it provides anonymity and greater confidentiality of transfers. However, there are certain risks associated with using cryptocurrency, such as its high volatility. Study specific cryptocurrency in detail before starting to work with it, and choose the reliable Kolo platform to store your digital assets.

In order to transfer cryptocurrency to a bank account, you must first exchange crypto for fiat, and then withdraw it. To swap cryptocurrency for fiat, go to the Swap crypto section → enter the amount of the crypto you want to give → specify the cryptocurrency you want to give → specify the fiat currency you want to get → confirm the swap. After that, it is enough to withdraw the received fiat to your bank account: go to the Crypto wallet section → Withdraw → specify the currency and amount you want to withdraw → enter the bank account details and confirm the transfer.

The process of selling cryptocurrency with Kolo is quite simple. Go to the Sell crypto section → enter the amount you want to sell → specify the currency you want to sell → specify the currency you want to receive → confirm the sale. Please note that the exchanging rate will be fixed at the time of the transaction.

The value of each cryptocurrency depends primarily on supply and demand on the market. After all, the greater the demand, the higher the price of this cryptocurrency. And vice versa: if the demand is minimal, then the price will be correspondingly low. In addition, some cryptocurrencies have a limited supply and can be increased only by a fixed amount (for example, Bitcoin); and there are cryptocurrencies with an unlimited number of offers (for example, Ether). You can check the current value of certain cryptocurrencies on our website.