Need to withdraw money from Crypto.com? This guide covers everything you need to know, from selling crypto to transferring funds to your bank or external wallet. Understanding the process can seem daunting, but we\'ll break it down into simple, easy-to-follow steps.
Understanding Your Withdrawal Options
When looking into how to withdraw money from Crypto.com, you might wonder if you should withdraw your funds directly to your bank account or transfer your crypto. Crypto.com offers several convenient options, each with its own advantages:
- Withdraw to Bank Account: Sell your cryptocurrency for fiat currency (like USD, EUR, etc.) and then withdraw the fiat to your linked bank account.
- Transfer to External Wallet: Send your cryptocurrency to another wallet you own, such as a hardware wallet or another exchange.
Option 1: Withdrawing Fiat to Your Bank Account
This is the most direct way to get your crypto profits into your bank account.
- Sell Your Cryptocurrency:
Hace 1 día If this is not the case, select Crypto, choose the crypto you want to receive, and press the sell button to complete your order.
Navigate to the "Accounts" section in the Crypto.com app. Select the cryptocurrency you wish to sell. - Convert to Fiat: Choose the fiat currency you want to receive (e.g., USD, EUR). Review the exchange rate and confirm the transaction.
- Withdraw Fiat: Go to your Fiat Wallet. Tap the "Withdraw" button. Select your linked bank account.
- Enter Withdrawal Amount: Specify the amount you wish to withdraw and confirm the transaction. Remember that withdrawals may be subject to fees and processing times.
Option 2: Transferring Crypto to an External Wallet
This option allows you to move your crypto holdings to a different wallet, providing more control and security.
- Whitelist Your Wallet Address: This is a crucial security step. Before you can withdraw to an external wallet, you need to add it to your "whitelisted addresses." Go to "Settings" in the Crypto.com app, then "Withdrawal Addresses," and add the address of your external wallet. This may require email confirmation for security purposes.
- Navigate to Crypto Wallet:
Users have To make a withdrawal: 1. Go to Accounts and tap on Crypto Wallet. 2. Tap the Transfer button Withdraw External Wallet. 3. Select the whitelisted wallet address you wish to withdraw to.
From the main screen, go to "Accounts" and then "Crypto Wallet." - Select Cryptocurrency: Choose the cryptocurrency you wish to withdraw.
- Tap "Withdraw": Select the "Withdraw External Wallet" option.
- Choose Whitelisted Address: Select the whitelisted wallet address you want to send your crypto to.
- Enter Withdrawal Amount: Enter the amount of cryptocurrency you wish to withdraw and confirm the transaction. Double-check the wallet address is correct before confirming!
Important Considerations
- Fees: Crypto.com charges withdrawal fees, which vary depending on the cryptocurrency and the network congestion. Be sure to check the fee before confirming your withdrawal.
- Withdrawal Limits: Crypto.com has daily withdrawal limits. These limits depend on your verification level.
- Processing Time: Withdrawals can take anywhere from a few minutes to several hours, depending on the network and the cryptocurrency involved.
- Security: Always double-check the wallet address before confirming a withdrawal. A mistake could result in the permanent loss of your funds.
- Deposit and Withdrawal Options:
Users can easily deposit and withdraw both cryptocurrency and fiat assets in the Crypto.com App. Below is a walkthrough of the different options available and how they work.
Remember to familiarize yourself with all available options and their specific requirements.
By following these steps, you can confidently withdraw money from Crypto.com and manage your crypto assets effectively.