Crypto.com is the most excellent cryptocurrency trading platform in the industry. The user can withdraw fiat currency easily to bank account from crypto.com with these instructions. Cryptocurrency trading is getting more popular in the digital era due to its flexibility. Crypto.com is a well-known platform for digital currency trading because of its high security compared to other cryptocurrency exchanges. CRONOS is its token of exchange that offers the trader gain numerous benefits while investing and holding. Are you wondering how to Withdraw Money From Crypto.com To Bank Account? Keep reading the post to learn the simple procedure to withdraw cash from crypto.com effortlessly. If you face any kind of issue in this process, contact our crypto.com support team directly.
Steps To Withdraw Money From Crypto.com To Bank Account
You should sell the digital currencies inside the crypto app to payout traditional money. If you need to Crypto.com withdraw money to bank account, you can follow the below-given steps.
Step 1: Sign–up For A Crypto Account
First, you should log in to the crypto account to transfer cash. Over a million people have recently been using crypto.com to trade cryptocurrency. Click on the login option and get into your crypto account.
Step 2: Pick Crypto Wallet
Remember, you cannot send the cryptocurrencies directly to the bank account. The transaction bank does not support digital currency, so you should sell the currency and transfer money to the bank account. Click on the crypto wallet option in the main menu of crypto.com.
Step 3: Sell Digital Currencies
If you need to sell digital currency for cash, choose the coins you desire to sell. First, click on certain coins and choose sell options. Enter how much crypto you need to sell for fiat currency. All money will go to the bank account directly after completing the process.
In addition, it is critical to choose the correct wallet which suits your geographical area. Tap confirm option if you have set coins smoothly. Now, money will go straightly to the fiat wallet within a short time.
Step 4: Go To Fiat Currency Wallet
Now, you need to create a Fiat currency wallet. If you have a fiat wallet already, you can log in to the wallet with the correct details. The money must appear in the wallet if the trader has sold digital currencies already. Choose the desired option on the menu and move on effortlessly. Besides, the trader can move funds back to the digital currency wallet or start the withdrawal procedure on crypto.com.
Step 5: Choose The Transfer Option
Click on the transfer button in the main menu. It displays the withdraw option on the screen. Again you want to choose digital currencies and enter the deposit value. Fiat currency withdrawal information you get from crypto.com.
Also Read:- How Do I Back Up My Crypto.com Recovery Phrase?
Step 6: Set The Bank Account
Without a bank account, you cannot be able to withdraw traditional money, whether it may be USD or others. If you correctly enter the withdrawal address and bank account details in crypto.com, the application will allow you to connect the bank account smoothly.
Set up an online banking ID to link the bank account in the app. It will enable the user to instantly find the bank account for withdrawing money. This account will be added to the whitelist when the bank details are linked. Therefore, you can utilize the bank credential in the future whenever you need it for withdrawal purposes.
Step 7: Complete The Withdrawal Request Verification
At last, the investor needs to finish the withdrawal request authentication. The withdrawal fee can vary based on various aspects, such as how much money to withdraw. It is essential to check the withdrawal fee before transferring funds. Click on confirm option and wait for a few minutes to receive the money.
Step 8: Wait For The Money To Arrive
The trader needs to wait for fiat currency transferred to appear in the traditional bank account. Bank account transfer takes three to five business days for fiat money transfer. You can push on notifications on the app. It will send a notification if the money arrives in the bank account.
The newbie can use these steps to withdraw fiat money easily from crypto.com and use them for different purposes. If you have any doubts about the withdrawal process, you can contact crypto.com customer support. The technician understands the customer’s problems and suggests the right solution immediately.
Note: Trader deposits should be kept in cold crypto storage to ensure high security. The authenticator app manages deposits to guarantee transaction safety. If the investor has successfully added the bank account to crypto.com, they can automate the withdrawal process and send funds much more quickly.
Is there a limit to how much I can withdraw from Crypto.com to my bank account?
Yes, there are typically limits on how much you can withdraw from Crypto.com to your bank account in a single transaction or over a certain time period. These limits may vary depending on your account status, your location, and other factors. You can check the withdrawal limits that apply to your account by accessing the “Settings” or “Banking” section of the Crypto.com app or website.
Are there any security measures in place to protect my bank account information when withdrawing from Crypto.com?
Yes, Crypto.com takes the security of its users’ personal and financial information very seriously. When you link your bank account to your Crypto.com account, your bank account information is encrypted and stored securely. Additionally, Crypto.com uses various security measures to protect against unauthorized access to your account and to ensure the safety of your transactions.
Final Words
One of the anxieties of a newbie to the cryptocurrency world is how to transfer Money from Crypto.com to Bank Account straightforwardly. New traders can follow the steps mentioned earlier to cash out currency to their bank account without difficulty. Crypto.com is the best portal to buy, sell and exchange any digital currencies securely from your desktop or Smartphone.
Frequently Asked Questions (FAQs)
How do I withdraw money from Crypto.com to my bank account easily?
To withdraw money from Crypto.com to your bank account, you will need to first link your bank account to your Crypto.com account. This can typically be done through the “Settings” or “Banking” section of the Crypto.com app or website. Once your bank account is linked, you can initiate a withdrawal by selecting the “Withdraw” option and choosing your bank account as the withdrawal destination.
Are there any fees associated with withdrawing money from Crypto.com to my bank account?
Yes, there may be fees associated with withdrawing money from Crypto.com to your bank account. These fees may include charges for the withdrawal itself, as well as any currency exchange fees if you are withdrawing in a currency other than the one your bank account is denominated in. It’s important to review the fees associated with a withdrawal before initiating the transaction, as they can impact the overall cost of the withdrawal.
How long does it take for a withdrawal from Crypto.com to my bank account to be completed?
The time it takes for a withdrawal from Crypto.com to your bank account to be completed can vary depending on a number of factors, including the processing times of both Crypto.com and your bank. In general, you can expect a withdrawal to take anywhere from a few hours to several days to be completed.