Have you just started investing in cryptocurrency using crypto.com? You may ask How to transfer bitcoin from crypto com to bank account? Keep reading to know the exact way to transfer BTC to your bank account from Crypto.com.
Also Read: How To Send Bitcoin From Safepal Wallet?
A quick review of crypto.com
Crypto.com is the one-stop shop for all your cryptocurrency transaction requirements. Ease of navigation, user-friendly interface, and excellent features make it a perfect fit for investors at all levels. It also renders a broader selection of cryptocurrencies; thus, you can buy and sell whatever cryptos you want.
It has over 250 coins and serves as a reliable marketplace for non-fungible tokens. Due to the availability of several coins and tokens, it has become a great place for beginners. Additionally, users can earn discounts on trading fees and enjoy high security on crypto transactions.
On this platform, you will find many educational articles and support services. It helps clarify your doubts. For instance, you can get the right answer to your question – How to transfer bitcoin from crypto com to bank account? If you do not satisfy with that, you can scroll down the page.
Things to know about transferring Bitcoin to a bank account
Transferring cryptos such as Bitcoin to your bank account is an easy process. Banks and many companies have become more comfortable rendering crypto services to their customers as more people use cryptos.
Various banks across the world have purchased cryptocurrency themselves. So, you have several ways to transfer cryptocurrency based on your bank. The way you transfer crypto to your bank account is based on where you keep your cryptos. You can store crypto in an exchange, wallet, or online account.
But, it is not possible for most banks to transfer crypto to the bank account directly. You must follow the common process involved in transferring. It is nothing but selling the crypto (bitcoin) for your local fiat currency. After that, transfer that money to your bank.
While initiating a Bitcoin transfer, you must be aware of the fees associated with the transfer. Here, you use crypto.com and thus check out the official site for an in-depth understanding of the transaction fees to avoid last-minute surprises.
Steps to send Bitcoin to your bank account
Here are the steps to transfer Bitcoin from crypto com to bank account easily and quickly. Before getting into the topic, make sure you add the bank account to your crypto.com account and take the necessary steps for crypto selling.
- First, you should open Crypto.com on your device.
- Tap on the logo available on the bottom navigation bar.
- On the homepage, choose a crypto wallet. Or select the path in which you store the Bitcoin.
- Then, choose the crypto to sell (bitcoin)
- Hit the sell button.
- Next, input the amount of Bitcoin to sell
- Check the transaction details before confirming selling because crypto transactions are irreversible. If you make a mistake, nothing can do to recover your assets.
- Now, choose the bank account you want to receive the money. As said earlier, you should add your bank details beforehand to save time.
That’s it! The crypto transaction is completed. You have now transferred the required amount of Bitcoin to your bank account as the local fiat currency. This transaction usually reflects on your account within a few minutes. If it takes time, wait for at least 1-2 business days. The delay may happen due to heavy transactions or server issues. So, do not worry about anything.
Keep in mind that the name of your bank account should match the legal name associated with the Crypto.com account. Mismatched names often result in a failed transaction. The receiving bank may deduct the fees for processing the refund. Therefore, be careful when initiating and confirming crypto transactions.
Benefits of transferring Bitcoin to a bank account
Many people wonder why to transfer bitcoin from their Crypto.com account to a bank account. But, after knowing its benefits, they will surely initiate the transaction. The bank account is the epicenter of all financial transactions, from paying bills to getting a salary.
Thus, the requirement for transferring crypto assets (bitcoin) directly to the bank account is essential for them to meet their crucial financial needs. It helps people use their funds whenever needed and meet their expenses adequately. On the other hand, it renders them the freedom to make investments while getting the right opportunities.
Now, you got the answer to your query – How to transfer bitcoin from crypto com to bank account? The step-by-step instructions help you to complete the Bitcoin transfer and access the corresponding money in your bank account. Ensure you input the required details correctly and double-check everything before making confirmation. It makes you avoid potential troubles and gets the benefits of crypto transfer to the