Sell Bitcoin in Monaco (2026)

Status: Legal
Pays out in: Euro (EUR)
Exchanges paying out: 3 of 4
Last reviewed: 2026-08-12

3 of the 4 exchanges we recommend in Monaco pay out in EUR: Relai, Kraken and CEX.IO. The rails are Bank transfer, SEPA transfer, SEPA Instant and SWIFT transfer. The order below is the same ranking the buying guide uses; an exchange that appears there and not here publishes no EUR payout rail we could verify.

Where to sell and how the money comes out

Each recommended exchange that pays out in Monaco, the rails it pays out on, and the fee and speed it publishes for each.
Exchange	Withdraw to	Fee	Speed	Note
Relai#1 in the buying guide	Bank transfer	Not recorded	1 to 3 business days	Relai lists this rail for EUR payouts rather than for Monaco by name.
Kraken#2 in the buying guide	SEPA transfer	1 EUR per withdrawal, 2 EUR minimum	0 to 5 business days through Bank Frick or Banking Circle, 0 to 3 business days through Openpayd	SEPA reachable accounts only; a transfer may be processed as SWIFT, at SWIFT fees, where the IBAN is not SEPA-reachable. Kraken lists this rail for EUR payouts rather than for Monaco by name.
	SEPA Instant	1 EUR through Banking Circle (2 EUR minimum), 0.90 EUR through ClearJunction (3 EUR minimum)	near-instant	SEPA Instant reachable accounts only; bank compliance checks may occasionally extend the time. Kraken lists this rail for EUR payouts rather than for Monaco by name.
	SWIFT transfer	5 EUR per withdrawal, 100 EUR minimum	1 to 5 business days	Listed as worldwide, through Bank Frick. Kraken lists this rail for EUR payouts rather than for Monaco by name.
CEX.IO#4 in the buying guide	SEPA transfer	EUR 2.99 per withdrawal	Not recorded	Minimum withdrawal EUR 10, and at least Identity verification is required. CEX.IO lists this rail for EUR payouts rather than for Monaco by name.

"Not recorded" means the exchange's page we read carries no figure for that cell; the fee on the sale itself is separate and is on each review.

The payout rails in Monaco

Bank transfer

Paid out by Relai.

A local bank transfer moves money between two accounts inside a single country's own payment system, with no correspondent bank and no currency conversion. The scheme is national and different everywhere: SEPA credit transfers and SEPA Instant in the euro area, FedNow and ACH in the United States, Pix in Brazil. The BIS counts fast payment systems live in more than 100 jurisdictions, and the FedNow Service, operated by the Federal Reserve since July 2023, runs a 24 hour business day every day including weekends and holidays. For someone funding an exchange in their own currency this is normally the cheapest option.

The rail itself: Instant rails settle in seconds, and the ECB requires euro instant credit transfers to reach the payee within ten seconds, 24 hours a day, 365 days a year, while older batch transfers still take one or two business days.

More about Local bank transfer

SEPA transfer

Paid out by Kraken, CEX.IO.

SEPA transfer is the ordinary euro bank transfer, formally the SEPA Credit Transfer scheme, which is run by the European Payments Council and reaches the 41 countries and territories of the Single Euro Payments Area. You send it from your normal bank account using the recipient's IBAN, and it is the standard way to move euro into an exchange account. It carries euro only, so a payment in any other currency falls outside the scheme and is priced differently by your bank.

The rail itself: One business day at most for an electronically submitted order, so a Friday evening transfer typically lands on Monday.

More about SEPA transfer Buying with SEPA transfer in Monaco

SEPA Instant

Paid out by Kraken.

SEPA instant is the real time version of the euro bank transfer, formally the SEPA Instant Credit Transfer scheme, launched by the European Payments Council in November 2017 and settled across Europe through instant payment infrastructure including the ECB's TIPS service. It works from an ordinary bank account with an IBAN and runs 24 hours a day, 365 days a year, so a weekend exchange deposit arrives straight away rather than on the next business day. Not every payment service provider offers it yet: the EU Instant Payments Regulation is phasing the obligation in, with euro area banks already required to send and receive and non euro area providers following in 2027.

The rail itself: Funds must be made available to the recipient within ten seconds of the payment order, at any hour including weekends and public holidays.

More about SEPA Instant

SWIFT transfer

Paid out by Kraken.

A wire transfer is a bank to bank push payment sent over a high value settlement system, Fedwire in the United States and its equivalents elsewhere, routed through correspondent banks when it crosses a border. There is no chargeback: once the sending bank releases it the payment is effectively final, which is why exchanges accept wires for large deposits. A cross border wire can pass through one or more intermediary banks, each able to deduct its own charge before the money arrives.

The rail itself: A domestic wire clears the same business day, with Fedwire open from 9pm eastern the previous calendar day until 7pm eastern and closed on weekends and Federal Reserve holidays, while a cross border wire can take several business days.

More about Wire transfer

How a sale settles

Sell on Relai, or any exchange in the table
Relai ranks first in the Monaco buying guide and pays out on Bank transfer.
Withdraw EUR to Bank transfer
Relai publishes no fee figure for this rail on the page we read.
Wait for the rail to clear
Relai states 1 to 3 business days for Bank transfer.

Frequently asked questions

Which exchanges let me cash out bitcoin to a bank in Monaco?

3 of the 4 exchanges we recommend in Monaco pay out in EUR: Relai, Kraken and CEX.IO. The rails are Bank transfer, SEPA transfer, SEPA Instant and SWIFT transfer.

How long does a withdrawal take in Monaco?

It depends on the exchange and the rail. Relai on Bank transfer: 1 to 3 business days; Kraken on SEPA transfer: 0 to 5 business days through Bank Frick or Banking Circle, 0 to 3 business days through Openpayd; Kraken on SEPA Instant: near-instant. Each figure is the exchange's own, read from the page linked under sources.

What does it cost to withdraw EUR after selling?

Kraken on SEPA transfer: 1 EUR per withdrawal, 2 EUR minimum; Kraken on SEPA Instant: 1 EUR through Banking Circle (2 EUR minimum), 0.90 EUR through ClearJunction (3 EUR minimum); Kraken on SWIFT transfer: 5 EUR per withdrawal, 100 EUR minimum. The trading fee on the sale itself is separate and is on each exchange's review.

Is selling bitcoin legal in Monaco?

Bitcoin is legal in Monaco, which regulates crypto under its own national framework rather than EU law. Law No. 1.491 of 2020 created a regime for token offerings, and Law No. 1.528 of 2022 regulates digital asset business, requiring providers operating from the principality to obtain government authorization. Monaco is not an EU member, so the MiCA regulation does not apply directly, and residents commonly use French and EU-licensed platforms over euro payment rails.