OFF-RAMP TO (GBP/EUR)

This guide walks you through the process of sending stablecoins from your Shiga wallet to a fiat bank account (GBP/EUR) using the screenshots provided. From your Shiga dashboard:

• Click “Send” to open the transfer interface.
• To Fiat Account (Portal Out)
  • Purpose: Convert stablecoins and receive local currency in a bank account
  • Description: Send stablecoins and receive local currency in a bank account
  • Available Currencies:
    • GBP/EUR - British Pound and Euro
    • NGN - Nigerian Naira
  • Best for: Converting crypto to traditional currency
  Action: Select “To Fiat Account” to proceed with Portal Out.

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Step 1: Choose Your Send Method

When you initiate a stablecoin transfer, you’ll see two main options:

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Option A: To Wallet Address

• Purpose: Send stablecoins to any wallet address
• Description: Send stablecoins to any wallet address
• Best for: Crypto-to-crypto transfers

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Option B: To Fiat Account (Portal Out)

• Purpose: Convert stablecoins and receive local currency in a bank account
• Description: Send stablecoins and receive local currency in a bank account
• Available Currencies:
  • GBP/EUR - British Pound and Euro
  • NGN - Nigerian Naira
• Best for: Converting crypto to traditional currency

Action: Select “To Fiat Account” to proceed with Portal Out.

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Step 2: Set Up Your Portal Out Transaction

Once you’ve selected “To Fiat Account,” you’ll be taken to the Portal Out configuration page.

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2.1 Select Your Smartchain Network

Field: Smartchain Network (marked with red asterisk - required) Options Available:

• Click the dropdown menu labeled “Select Asset”
• Choose from available networks where you hold stablecoins
• The selected network will determine which cryptocurrency you’re converting

Example: USDC on Ethereum ($ 12.39)

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2.2 Enter the Amount to Send

Field: Amount (marked with red asterisk - required) This section has two parts:

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Send Amount:

• Label: “Send”
• Currency: USDT or USDC (depending on your selection)
• Input: Enter the amount you want to convert
• Max Button: Click “Max” to send your entire available balance
• Default Value: 0

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Receive Amount:

• Label: “Receive”
• Currency: Euro (EUR) or other selected fiat currency
• Display: Shows the equivalent amount you’ll receive
• Currency Selector: Click the dropdown to change receiving currency if needed
• Default Value: 0

Balance Display:

• Your current balance is shown below the receive field
• Example: “Balance: $0.00(€0)“

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2.3 Review Exchange Rate Information

Rate Display:

• Shows the current exchange rate
• Example: “$1 - €0.00”

Total USD:

• Displays the total transaction value in USD
• Example: “$0.00”

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2.4 Add Transaction Description

Field: Description (marked with red asterisk - required)

• Enter a description for your transaction
• This helps you track the purpose of the transfer
• Example: “MONTHLY BILLS”
• Placeholder: “Enter here”

Purpose: This description will appear in your transaction history for easy reference.

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Step 3: Select Your Recipient

After setting up the transaction details, you need to choose where the funds will be sent.

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Recipient Options:

You have two choices:

Option A: My Portal Account

• Button: Select “My Portal account”
• Description: Sends funds to your linked settlement bank account
• Best for: Regular personal withdrawals

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  Option B: Beneficiary

  • Radio Button: Select “Beneficiary”
  • Description: Sends funds to a saved beneficiary
  • Best for: Sending to other people or frequently used accounts

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  Step 4: Choose Settlement Bank Account (If “My Portal Account” Selected)

  If you selected “My Portal account,” you’ll see your Settlement Bank Account details:

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  Bank Account Information Display:

  Section Header: Settlement Bank Account
  • Edit Button: Click “Edit” to modify or change your bank details
  Account Details Shown:
  • Currency: EUR (with currency icon)
  • Bank Name: Example: “Wemino Bank”
  • Account Name: Example: “The Co-operative Bank”
  • IBAN: Full IBAN number
    • Example: “GB42CPBK08005470328725”

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  Verification:

  • Carefully verify all bank details are correct
  • Ensure the currency matches your receiving currency
  • Double-check the IBAN for accuracy

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Step 5: Select Beneficiary (If “Beneficiary” Selected)

If you selected “Beneficiary,” you’ll see the beneficiary selection interface:

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Beneficiary Selection:

Section Header: Select Beneficiary (marked with red asterisk - required) Features:

• Dropdown Menu: Click to view your saved beneficiaries
• Search Function: Search bar to quickly find beneficiaries

Beneficiary List: Each beneficiary displays:

• Beneficiary Name: Example: “West Chris”
• Currency Icon: Shows the currency (e.g., EUR)
• Currency Code: Example: “EUR”

Action: Click on the beneficiary you want to send funds to.

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Step 6: Send Stablecoin Confirmation (For Wallet Address Transfers)

If you selected “To Wallet Address” instead of Portal Out, you’ll see a different confirmation screen:

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Transaction Confirmation Details:

Header: Send Stablecoin Transaction Information:

• Amount: Example: “$1 USDC”
• Sent to: Complete wallet address
  • Example: “0x3dd73b4c035dc8a3fcc9b65b33dda313981166a”
• Network: Blockchain network used
  • Example: “Base”
• Network Fee: Transaction cost
  • Example: “$0.00—$0.04” with “Max” indicator
• Total to be sent: Final amount including fees
  • Example: “$1.00”

Important Warning Message: “Please verify the recipient wallet address to ensure a safe transaction. Sending funds to an incorrect wallet address may result in a permanent loss of your assets. We cannot recover funds sent to the wrong address.”

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Security Reminders:

• Always double-check the wallet address
• Verify the network matches the recipient’s wallet
• Understand that blockchain transactions are irreversible
• Confirm network fees are acceptable

Action Button: Click “Send stablecoin” to complete the transaction

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Step 9: Transaction Processing

After clicking “Proceed” or “Send stablecoin,” you’ll see the processing screen:

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Processing Screen Display:

Visual Indicator:

• Checkmark icon in a circular badge
• Progress indicator showing transaction status

Status Message:

• Text: “Sending in progress”
• Amount: Example: “$1 USDC”

Transaction Details:

• To: Complete recipient address
  • Example: “0x494de1c5035f9bcdc2703EBe864c5D0603ADAD71”

What’s Happening:

• Your transaction is being broadcast to the blockchain.
• Network validators are processing the transaction.
• Funds are being transferred to the recipient.

Action Button: Click “Close” when you’re ready to return to the dashboard.

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Processing Time:

• Transaction times vary by network.
• Ethereum: 1-5 minutes typically.
• Base/Polygon: Usually under 1 minute.
• Portal Out to bank: 1-3 minutes.

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Step 10: Transaction Completion

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Bank Settlement (For Portal Out):

1. Funds typically arrive in 1-3 minutes

Check your bank account for the EUR deposit The description you entered will help identify the transaction

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Transaction Setup (Shiga Wallet)

• Shiga Wallet Details:
  • Asset: USDT (Tether)
  • Target Wallet Network: Base
• Transaction Details:
  • Amount: $1
  • Current Returns: show conversion rate
  • Rate Total: conversion rate shown
• Bank Details:
  • Bank Name: Access Bank
  • Account Number.
  • Account Name.
• Review all details and click “Proceed”

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Step 3: Confirm Transaction Details

• Transaction Source:
  • Asset: USDC
  • Chain: Base (network)
  • Amount: 1 BASE (amount to send)
• Bank Details (note slight discrepancies from previous screen):
  • Bank Name.
  • Account Number.
  • Account Name.
• Click “Initiate Transaction” to proceed

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Two-Factor Authentication

• For security, enter the 6-digit code from your authenticator app
• The code is being requested for the account: [email protected]
• Options:
  • “Close” to cancel
  • “Authorize Send” to complete the transaction after entering the code. Transaction complete and account gets credited in their default GBP/EUR account.