How To

How To Withdraw Money From Crypto.com To Your Bank Account?

how to withdraw money from crypto.com

Are you looking for ways on how to withdraw money from Crypto.com? If yes, this article is only for you.  

Without a speck of doubt, crypto has gained a lot of popularity in recent years due to the investment people make in this. Investment in crypto is something people want to do once in their life. This is quite a worthy investment but the problem comes when newbies find it difficult to withdraw money from crypto.com to their bank accounts. In fact, most people aren’t even aware of crypto.com. Fret not. This article will help you know about crypto.com and figure out how to withdraw money from crypto.com. 

Let’s start from scratch. 

What is crypto.com?

In crystal words, crypto.com is a trustworthy platform made for cryptocurrency exchange. The platform was created back in 2016 and has 90 cryptocurrencies available for U.S traders and more than 60 fiat currencies. People from more than 80 countries can access crypto.com. 

Though the exchange is not such a rocket science to use yet it’s quite overwhelming for people to use at first. Talking about security and digital wallet, then both are great when it comes to withdrawing crypto. 

Whether you want to buy or sell cryptocurrency, crypto.com is the platform you must look up to. The question “how to withdraw money from crypto.com”  will be cleared as you keep reading the article below. 

Step-By-Step Guide On How To Withdraw Money From Crypto.com 

To withdraw money from crypto.com, you need to consider taking the series of following steps. So, let’s talk about them below. 

Step 1 – Open your crypto.com account 

The first step in withdrawing money from crypto.com is opening the account in the crypto.com app. If you haven’t linked your bank account to a crypto app then make sure to connect it first and then log in to your account. Since the app has more than 1 million users, it becomes quite an easy task to withdraw money from it. 

Step 2 – Select your crypto wallet 

After opening the crypto wallet, you’ll see a list of cryptocurrencies that you own and their balances. But you can’t transfer cryptocurrency to your bank account directly as there are some reasons behind this. So, what you need to do first is sell these cryptocurrencies and move the money to your fiat wallet. This is how you’re able to withdraw money from crypto.com. 

Step 3 – Tap on sell in the Crypto.com app 

We believe that you have selected the cryptocurrency you want to sell, right? For instance, if you want to sell Ethereum, just tap on it. You will then come across 3 options including ‘Buy,’ ‘Sell,’ and ‘Transfer.’ Since you want to sell the cryptocurrency, just tap on ‘sell’ with the amount you want to sell your currency at. 

Note: Choose the currency as per the country you live in. 

Step 4 – Select your fiat wallet 

Once you’re done with selling, it’s time to create your fiat wallet. Since you have sold cryptocurrency, the money should appear in your fiat wallet as well. This money you need to transfer to your bank account.  

Read also: How to update Minecraft to 1.17 (step-by-step guide)

Step 5 – Now select the transfer button and request for withdrawal 

To withdraw money from a fiat account, you first need to transfer that money. Again, you have to select the currency and total amount of deposit. Once you click on ‘Transfer,’ you will get two more options including ‘Deposit’ and ‘Withdraw.’ Since you want to withdraw money, you need to tap on the ‘Withdraw’ option. 

Step 6 – Set up your bank account to withdraw 

Fill in the details of your preferred bank account that you want to receive money in. Once you’re done with filling in the right details of your bank account in the crypto.com app. Just fill in the amount you want to withdraw.  After adding the withdrawal amount, finally, click on ‘Confirm’ to confirm the withdrawal. 

Congratulations! You’re done with the withdrawal process. 

Do you think the method of “how to withdraw money from crypto.com” is finally completed? Not yet, because after clicking on confit, you will see the “Your request is pounding for review” page on your screen. Now you have to wait for at least 3-5 business days to complete the entire process. Crypto.com will notify you through emails and push notifications.  

Wrap up 

Crypto is a great way to invest and make money and there is no doubt in that. You have read all sorts of steps you need to take into consideration to withdraw money from crypto.com. We hope you found this article helpful and informative to your endeavour. For any queries, feel free to ask in the comment section below.

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