To use the new withdrawal method from World App to Nequi in Colombia, it is necessary to follow a process that integrates cryptocurrency conversion (Worldcoin, WLD) to Colombian pesos (COP) and subsequent transfer to your Nequi account. Below, I explain the detailed steps based on the available information:
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### 1. Verify and set up your account in World App
- Download the app: Make sure to have the World App installed (available on Google Play Store or Apple App Store).
- Registration and verification:
- Create an account by linking your phone number and email address.
- Complete the iris scan to obtain your World ID, required for secure operations.
- Set up two-factor authentication (2FA) for added security.
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### 2. Transfer your Worldcoins (WLD) to an exchange platform
- Select a compatible exchange: Platforms like Binance, Kraken, or Coinbase support transactions with WLD.
- Create an account on the exchange and verify your identity (KYC).
- Get the deposit address:
- In the exchange, look for the deposit option for WLD and copy the provided address.
- Send WLD from World App:
- In the World App, select "Send" or "Transfer."
- Paste the address of the exchange and confirm the transaction. Transfers may take minutes or hours, depending on the network.
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### 3. Sell WLD for COP in the exchange
- Access your exchange account:
- Verify that the WLD have arrived in your wallet on the platform.
- Make the conversion:
- In the trading section, select the WLD/COP pair (or WLD/USD if COP is not available).
- Sell your WLD at market price or set a limit.
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### 4. Withdraw funds to your bank account (e.g., Bancolombia)
- Link your bank account:
- In the exchange, add the details of your Colombian bank account (account number, type, etc.).
- Request the withdrawal:
- Choose "Withdraw to bank account," enter the amount in COP, and confirm.
- Transfers usually take 1-5 business days, with variable fees (from 0.3% to 3%).
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### 5. Transfer the COP to Nequi
- From Bancolombia to Nequi:
- Nequi is linked to Bancolombia, so you can transfer directly from the bank's app:
1. In the Bancolombia app, select "Transfer to other banks."
2. Choose Nequi as the destination and enter your mobile number associated with Nequi.
3. Confirm the amount and complete the transaction (with no fees in some cases).
- Withdraw money in Nequi:
- Once in Nequi, use the withdrawal options at ATMs or Bancolombia correspondents:
- Generate a 6-digit code in the Nequi app.
- Go to an ATM, select "Nequi Withdrawal," and enter your mobile number and the code.
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### Key considerations
- Limits and fees:
- Nequi allows withdrawals of up to $5,000,000 COP per transaction at Bancolombia correspondents, with a maximum monthly limit of $8,927,726 COP.
- Fees on exchanges vary; check the policies of each platform.
- Security:
- Use strong passwords and 2FA on all accounts.
- Always verify wallet addresses before sending cryptocurrencies.
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### Alternatives if there are issues with Nequi
If the Nequi app is down, you can still withdraw money:
- Generate a withdrawal code before the failure and use it at Bancolombia ATMs.
- Contact Nequi support or check their social media for updates.
This process combines steps of cryptocurrency and traditional banking, adapting to Colombian regulations. If you prefer faster options to receive international money, services like Wise can be useful to avoid multiple conversions.
