To Withdraw money from Crypto.com you’ll have to sell your crypto asset for Fiat currency. If you’ve Bitcoin, Ethereum, Litecoin, etc, you can sell for cash.
Crypto.com makes it easy for their users to withdraw funds from their Fiat USD wallet on the app.
You’ll be able to use ACH or Wire Transfer to get your money to your bank account. This can take between less or more than 1-5 days depending on the withdrawal option.
In this article, you’ll learn how to withdraw money from Crypto.com app to your bank account. You’ll be able to easily get your funds to your bank account.
ALSO READ: How To Withdraw Money From Trust Wallet To Bank Account
How To Withdraw From Crypto.com To Bank Account
If you want to deposit your crypto.com money to your bank account, you’ll need to sell your crypto asset for Fiat currency.
Step 1: Open Crypto.com
To withdraw money from Crypto.com to your bank account, open the app on your iOS or Android device and tap on Account, or tap the Crypto.com logo at the center.
Step 2: Tap Fiat Wallet
Once you tap on Accounts, you’ll see a different menu option. Tap on Fiat Wallet from the list and tap on Sell crypto.
Step 3: Sell Crypto To Fiat
Once you tap on Sell crypto, you’ll see a list of your available cryptocurrency asset that you can sell.
If you’ve transferred crypto from Trust Wallet to Crypto.com, you’ll be able to sell the crypto token here for Fiat.
After you’ve selected the cryptocurrency you’d like to convert to Fiat, select the Cash option.
This will make sure that when you sell, the money will be moved to the Fiat wallet, where you can make withdrawals.
Now, enter the amount of the crypto asset you want to sell/convert to Fiat money. You can sell all of it if you want.
You’ll then see a confirmation window that shows you the amount of Fiat money the crypto asset will be worth when you sell.
If you’re comfortable with it, you can now sell the cryptocurrency for Fiat money, now you can begin a withdrawal request.
Step 4: Withdraw Money To Bank Account
Now, you’ll need to submit a withdrawal request to get your money to your bank account.
After the successful sell-off, go to the Crypto.com home screen and tap on Accounts or crypto.com logo. Now, tap on Fiat Wallet.
From the Fiat Wallet page, tap on Transfer, on the next page tap Withdraw then tap USD [You can choose the currency you want to withdraw with]. Tap your USD balance.
From here you can withdraw your money to your bank account. Since you haven’t already added your bank account yet, see how;
Tap on Add Bank Account, and from the next page find your bank and sign in with your online banking credentials.
After you’ve successfully logged in to your online bank account, it’ll be available for you to withdraw.
See the Re-review of your previous withdrawal request, once you’ve confirmed everything, tap on Withdraw.
Then you’ll have to wait for the team to review your withdrawal request, once it’s accepted, you’ll get an email and the money will be sent to your bank account.
ALSO READ: How To Withdraw Money From Binance To Your Bank Account
Withdrawal For CAD
If you’re withdrawing for other currencies like the Canadian Dollar, it’ll be different methods to add your payment option to receive your money.
You’ll not be able to add your bank account number or so whatever, but you’ll be using your email, phone number, and name that’s the same with your bank account.
From the Fiat Wallet page, tap on Transfer, on the next page tap Withdraw then tap CAD. Tap your CAD balance.
From here you can withdraw your money to your bank account. Since you haven’t already added your bank account yet, see how;
Confirm your bank account email to use it for withdrawal and enter your name and phone number.
The Crypto.com team will review the information, and once it’s approved, you’ll be able to make a withdrawal.
Go to the CAD Balance page, you can follow the step-by-step guide above. Now, from the CAD balance, tap Withdraw CAD.
You’ll see the submission process and withdrawal limits, then tap on Withdraw Now.
Enter the amount of money you want to withdraw to your bank account and select the email address you added.
This is to withdraw funds to the bank account associated with the email.
Enter the Security Question & Answer. Then review and confirm the withdrawal request and wait for them to approve your withdrawal.
Once it’s approved you’ll get your funds to your bank account from Crypto.com
ALSO READ: How To Withdraw Money From Coinbase To Your Bank Account
Withdrawal For GBP And EUR
If you’re here, you can choose any payout currency you want. If you eventually choose GBP or EUR, follow the on-screen step-by-step guide to Add your bank account.
Then you’ll be able to withdraw money from Crypto.com to your bank account. If you don’t see your local currency, it means that Crypto.com doesn’t support your local currency yet.
You can transfer the crypto asset from Crypto.com to another exchange like Binance, since it’s one of the popular crypto-supported apps that cover more than enough currency or use the P2P option.
To Withdraw money from Binance to your bank account, you’ll still have to sell the crypto asset for Fiat/local currency.
Conclusion
Withdrawing money from a crypto.com account to your bank account is easy. Within 5 minutes you’re done if you know what you’re doing.
All you need is your crypto asset ready for sale, if you’ve already transferred crypto from an external wallet like Trust Wallet to crypto.com you can do it now.
Go to Fiat Wallet from your menu, or Accounts Settings, then tap Sell Crypto, Select the asset and sell all.
Go to the Fiat Wallet, tap on Transfer, and tap the USD balance, now you’ll be able to withdraw money.
But you’ll need to add your bank account, you’ll only be able to connect your bank account with Crypto.com by logging in to your bank account through a third-party service.
After you’ve successfully added your bank account, you’ll be able to withdraw funds from Crypto.com to your bank account.
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Frequently Asked Questions
Why can’t I get my money out of Crypto.com?
If you can’t get your money out of Crypto.com, it’s because you haven’t verified your account yet. You must verify your account to be able to withdraw your money from Crypto.com. And to withdraw, you have to see any of your crypto assets from Fiat currency like USD, AUD, or GBP.
How long does it take to see Crypto.com money in my bank account?
If you’ve withdrawn from Crypto.com to your bank account, you’ll see the funds within 3-5 business days for ACH and 1-2 for Wire Transfer. If you request a withdrawal on Monday, you’ll get your funds between Tuesday and Friday depending on the withdrawal method.
Can I see all the cryptocurrencies for funds in the Crypto.com app?
Yes, you can sell all the cryptocurrencies that are currently available on the app, you’ll be able to sell them for Fiat currency and request a withdrawal to your bank account.
Can I transfer money from Crypto.com to my bank account?
Yes, you can transfer your money from Crypto.com to your bank account. All you need to do is sell your crypto for Fiat currency and then request a withdrawal to your bank account.
