How To Withdraw Money From Crypto.com To Bank Account In 2023?

How To Withdraw Money From Crypto.com To Bank Account

Are you one of those who have made money off investments in various cryptocurrencies such as Bitcoin, Ethereum, and more? If you have then you must be wondering about how to convert your crypto into fiat and withdraw money from Crypto.com to bank account. Well, if this is the case, you are on the right track.

Crypto.com is among the most popular cryptocurrency exchange that is widely used by a lot of crypto enthusiasts. It has various attractive features for its users. Users can trade more than 250 cryptocurrencies and even by using more than 20 fiat currencies. It is among the great choices for experienced crypto traders. Well, the best part about this platform is that you can easily withdraw money from Crypto.com to bank account. 

To withdraw money from Crypto.com to bank account, you will have to open the Crypto.com platform > Log in to your account > Set up the fiat wallet > Sell your crypto > Withdrawal request > Add the bank account > Complete the withdrawal request > Wait to get the money. This is how you can withdraw money from Crypto.com to bank account. 

This post will further discuss all the crucial details related to whether you can withdraw fiat money from the Crypto.com platform and if you can then how to withdraw money from Crypto.com to bank account. So, without any further ado, let us get started and find out how to withdraw money from Crypto.com to bank account. 

Can You Withdraw Fiat Money From Crypto.com?

If you are still confused and want to know if it is possible to withdraw fiat money from the Crypto.com platform, then you must know that you can do it. Yes, it is possible to withdraw fiat money from Crypto.com to bank account. Well, the process can be quite complicated! The platform does not support fiat withdrawals at present, so you can try doing that by selling your crypto on the platform. So, this is how you can withdraw that. So, let us further discuss the steps to withdraw money from Crypto.com to bank account in detail. 

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

If you want to withdraw money from Crypto.com to bank account, you need to open the Crypto.com platform > Log in to your account > Set the fiat wallet > Sell the crypto of your choice > Withdrawal request > Add a bank account > Complete the request. That is how you can withdraw money from Crypto.com to bank account. Let us discuss these steps in more detail.

Step 1: Open The App And Log In

The first step that you need to follow to withdraw money from Crypto.com to bank account, you need to open the website or the Crypto.com app on your device. Once you open that, you need to access your account on the platform by adding the right credentials. Once you do that, it will open the platform and you will be on the Menu page.

Step 2: Set Up The Fiat Wallet

You can now set up a fiat currency wallet. To do that, you need to click on the accounts option from the navigation bar at the bottom of the screen. You can then click on the Fiat wallet option. After that, you can just click on the + Set Up New Currency option. Here, you have to convert crypto into your home country’s currency. So, you can read the terms and conditions and agree to them and click on the Next button.

Step 3: Sell Your Crypto

Once you have set up the fiat wallet, you are now ready to sell your preferred cryptocurrency in exchange for your currency. You can just tap on the Fiat wallet option and then click on the Sell Crypto option. You can then select the crypto that you want to sell and convert to fiat. After that, tap on the Cash option. Select the Fiat section instead of the Crypto wallet. Add the amount that you wish to convert, check out the details in the confirmation window, and enter the passcode for the app after confirmation.  

Step 4: Begin The USD Withdrawal Request

Once you are done with everything, you can return to the home page of the app and click on the Transfer option. You can then select the Withdraw option and then the Fiat option. Click on your USD balance and then tap on the Withdraw USD button. You can then select the Add Bank account option or just select the bank account in case it has already been linked. 

Step 5: Add A Bank Account

If you have not added or set up your bank account, you can link it by just selecting the bank and logging in with the online banking credentials. When the bank account is added successfully, it will be accessible for withdrawal. You can choose crypto-friendly banks and the Crypto.com platform will add that bank account once it is verified to the whitelisted list.

Step 6: Complete The Withdrawal Request

You will be able to see a confirmation screen after adding and setting up a bank account. You can carefully review the USD withdrawal information and proceed ahead by tapping on the Confirm option. The app will update the withdrawal request status. 

This is how you can withdraw money from Crypto.com to bank account. You will have to wait for around three to five days for the money to arrive in your bank account. Once it is deposited into your account, you will receive a confirmation message or email.

Wrapping-Up:

Here ends the post on how to withdraw money from Crypto.com to bank account. In this post, we have discussed all the crucial details related to how you can sell crypto and then request a withdrawal in your preferred fiat currency. So, what are your thoughts on this? Try withdrawing your money from the Crypto.com platform to your bank account. Share your views with us in the comments section below and also share this post with your friends and help them to know how they can withdraw money from Crypto.com to bank accounts.

Frequently Asked Questions

Q1. How Do I Get My Money Out Of Crypto Com?

A. You can get your money out of the Crypto.com platform by following a few steps. Here are the steps that you need to follow for that.

  1. Open the app and log in to your account.
  2. Tap on the Transfer option.
  3. Select the Withdraw option.
  4. Select the Crypto of your choice.
  5. Choose your external wallet.
  6. Find the withdrawal address and select the Withdraw option.
  7. Enter the amount that you wish to withdraw.
  8. Select the Withdraw option.

This is how you can get your money out of Crypto.com.

Q2. How Can I Transfer Money From Crypto Com To My Bank Account?

A. You can transfer or withdraw money from Crypto.com to bank account. Here are the steps that you need to follow for that.

  1. Open the Crypto.com app and log in to your account.
  2. Set up the fiat wallet.
  3. Sell the crypto of your choice.
  4. Start the USD Withdrawal request.
  5. Add your bank account.
  6. Complete the withdrawal request.
  7. Wait for the request to be completed.

This is how you can transfer and withdraw money from Crypto.com to bank account.

Q3. Why Can’t I Get My Money Out Of Crypto Com?

A. The most common reason for not getting your money out of the Crypto.com platform is that it does not support fiat withdrawals. You can’t have immediate access to your money. So, you can only sell your crypto and then withdraw money from Crypto.com to bank account.

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