Are you interested in selling your cryptocurrency and moving funds from Crypto.com to your bank account?
Or do you want to learn how to move your funds from Crypto.com to a secure wallet? This Crypto.com beginner’s guide has got you covered.
For crypto investors, the ability to withdraw funds and assets seamlessly is crucial when choosing a reliable crypto platform.
If you’re thinking about selling your cryptocurrency and withdrawing money from Crypto.com, keep reading.
We will provide a detailed overview of the withdrawal process and explain the steps involved.
How to Withdraw Money from Crypto.com?
After trading on Crypto.com, it’s best to transfer your crypto to a secure wallet or withdraw to your bank.
Consider using hardware wallets like Ledger or Trezor for utmost safety, keeping your assets offline.
Exodus and Trust Wallet are excellent free options too.
Option 1: How to Withdraw Money from Crypto.com to a Bank Account?
Withdrawing money from Crypto.com might seem complex initially, but it gets easier with experience.
Remember, avoid keeping your assets on exchanges for too long.
This applies to all centralized platforms, such as Binance, FTX, and Kraken.
To withdraw from Crypto.com, follow these steps to transfer funds from your fiat wallet back to your bank account for traditional currency.
To withdraw money from Crypto.com, you will need to follow the below step-by-step guide;
Total Time: 10 minutes
Log into your Crypto.com account
– Open your Crypto.com mobile app and log in to your account.
Access Crypto.com “Fiat Wallet”
– Ensure that you are on the Accounts tab; this will be highlighted in blue at the bottom of the screen. Then from the list of accounts, press select “Fiat Wallet”.
Transfer Fiat & Withdraw
– From the top of the screen, select “Transfer”.
– At the bottom of the app, you will then be presented with two options. Select “Withdraw“.
Select your Fiat Currency to Withdraw
– You’ll then be presented with the available Fiat currencies you can withdraw back to your bank account.
– Select your preferred Fiat currency (e.g. GBP, EUR or USD).
Enter the Withdrawal Amount & Choose Bank Account
– Enter the amount of money you want to withdraw from your Crypto.com Fiat wallet.
– Then, select the bank account you would like to withdraw to and select “Withdraw“.
Confirm Withdrawal from Crypto.com App
– At the confirmation screen, you’ll be presented with a summary of your withdrawal. This will include the following;
Associated Fees
Processing Time
Bank Account Details
– If you’re happy & want to withdraw your money from Crypto.com, select “Confirm“.
Please note: When withdrawing from Crypto.com, be aware of transaction fees; review terms and conditions beforehand. Withdrawals are usually processed within minutes, and funds are received shortly after. Monthly limit is $50,000, with a minimum withdrawal of $100.
Option 2: How to Withdraw Crypto from Crypto.com?
Withdrawing crypto from Crypto.com is a simple process; however, you will need to be Starter Level or above. Simply follow the below steps to withdraw crypto to an external wallet address or exchange;
- Log into your Crypto.com account.
- From the Accounts tab, press on your “Crypto Wallet“.
- Select the cryptocurrency you’d like to withdraw
- Choose “Transfer.”
- Choose “Withdraw” from the bottom of your screen
- Select “External Wallet“
- Select the wallet address to withdraw your crypto. Or press the + icon to add a new address to the whitelist.
- Enter the amount you would like to withdraw
- Select “Withdraw“
- Check the withdrawal request confirmation, which displays any fees, processing time, recipient & amount.
- Then choose “Withdraw” to confirm the transaction
What is Crypto.com?
Crypto.com provides a diverse range of features for cryptocurrency investing and trading.
It offers a crypto wallet for storing, sending, and receiving various cryptocurrencies.
Users can also use the Crypto.com debit card to spend crypto funds at Visa-accepting merchants.
How to Sell Crypto on Crypto.com?
Before you can withdraw fiat (money) from Crypto.com, you will first need to sell it. The process of selling your cryptocurrency for fiat on Crypto.com is simple.
This beginner’s guide will explain how to sell coins/tokens on Crypto.com App; you will just need to follow the below step-by-step guide:
- Open the Crypto.com app on your phone.
- Tap on the “Accounts” button.
- Select the “Fiat Wallet” option.
- Choose the “Sell Crypto” option.
- Select the cryptocurrency you want to sell.
- Choose the “Cash” option.
- On the Sell screen, enter the amount of cryptocurrency you want to sell. The app will suggest the maximum amount you can sell if you tap on the field.
- You will see a confirmation window showing the current value of your coin in fiat money for 15 seconds. Make sure to check this window carefully, as it shows how much fiat money you will get for your coin at that moment.
That’s it! You have successfully sold your cryptocurrency for fiat money. If you have any issues, you can contact Crypto.com support.
Crypto.com Withdrawal Address Whitelisting
Crypto.com Withdrawal Address Whitelisting is a security measure to protect your crypto assets in your Crypto.com Wallet. When Withdrawal Address Whitelisting is enabled, crypto withdrawals from your wallet can only be sent to crypto addresses that you have previously whitelisted.
This ensures that even if your Crypto.com account is compromised, your crypto assets are still safe as they cannot be withdrawn to any other crypto address.
Please note a 24-hour withdrawal lock on the newly added withdrawal address.
How to Add a Whitelist Withdrawal Address?
The process of adding a whitelisted withdrawal address on Crypto.com is simple once you know how. Follow the below step-by-step guide;
- Log into your Crypto.com account.
- From the Accounts tab, press on your “Crypto Wallet“.
- Select the cryptocurrency that you’d like to withdraw
- Choose “Transfer.”
- Choose “Withdraw” from the bottom of your screen
- Select “External Wallet“
- Select the “+” icon in the upper right-hand corner & then “Wallet Address.”
- Select the required network
- Paste in the withdrawal address or scan the QR code
- Enter a wallet name and choose “Continue“.
- You will then need to complete your verification & 2FA authentication
When entering the withdrawal address, remember to remove any extra spaces not part of the withdrawal address.
FAQs
How much money can you withdraw from Crypto.com per month?
Crypto.com allows monthly withdrawals of up to $50,000 with a minimum withdrawal of $100.
Can I cancel a withdrawal request on Crypto.com?
If you have made an error when withdrawing from Crypto.com, you must contact Crypto.com’s support team via the chat function. Unfortunately, you won’t be able to stop the withdrawal yourself.
Why can’t I withdraw money from Crypto.com?
Unverified or low-level Crypto.com accounts can’t withdraw to banks. Restrictions apply due to regulations, regional limits, missing bank link, or failed 2FA.
Can you withdraw from Crypto.com?
Yes, you can transfer Bitcoin, USD, and other currencies from Crypto.com to a bank or external crypto address. For external transfers, send crypto to the recipient’s address. To transfer fiat, link your bank account and enter the necessary information.
Does Crypto.com charge a withdrawal Fee?
There are fees to pay when withdrawing from crypto.com to bank accounts or an external wallet address. This will depend on your method.
How long do Crypto.com withdrawals take to arrive in your bank account?
Withdrawal duration from Crypto.com to a bank account ranges from 1 to 5 business days, varying by currency and location.