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I just tried out the new feature, and honestly, it's quite useful. Now you can sell crypto and transfer the dollars directly to your bank account without much hassle. What surprised me the most is how simple everything turned out, especially for someone who needs liquidity in dollars without waiting for things to get complicated.
The idea is clear: if you have BTC, ETH, or any other digital currency, now you can convert to dollars in a few steps. The process is complete: they previously enabled buying stablecoins from your dollar account, and now they've closed the loop by allowing you to sell crypto and withdraw USD directly. For someone living in Argentina, where the dollar is practically the reference currency, this opens up many possibilities.
What's interesting is that the conversion rate is quite competitive compared to other methods. By eliminating unnecessary intermediaries, the final amount you receive in dollars is closer to the actual market price. If you trade regularly or move larger volumes, these small differences add up at the end of the month.
From the app, it's relatively straightforward: go to your portfolio, select withdraw, choose the crypto you want to sell, specify local bank transfer as the destination, and you're done. If you prefer the web, the process is similar. The dollars arrive in one to three business days depending on the bank. Nothing extraordinary, but it works.
What I value is that now you can stay within the digital ecosystem but have full control over when you convert to banked dollars. There's no need to go through more complicated processes or lose money on indirect conversions. For traders or someone who simply wants the flexibility to convert to dollars when needed, this changes things quite a bit. Argentina is a market where this makes a lot of sense, and it seems they are finally giving importance to that.