Can I Withdraw from Crypto.com to My Bank Account?
When you sell your cryptocurrency on Crypto.com, you want to make sure you can move the money to your bank account easily and quickly. Crypto.com allows US traders to set up fiat wallets linked directly to bank accounts. When you sell your currency, the money is held in the fiat wallet until you move it to a bank account linked to the wallet.
As a Crypto.com trader, you want to make sure you can access your funds at any time. Can you withdraw from Crypto.com to your bank account? What steps do you need to take to transfer assets from your Crypto.com account to your financial institution? You can learn more about cryptocurrency transactions by contacting Crypto.com customer support here, and below are ways you can withdraw money from your trading account to your bank account.
Understanding Your Fiat Wallet
Crypto.com allows users in the United States to set up a fiat wallet and link it to their bank accounts. A fiat wallet is a place to store your digital currency before requesting an ACH transfer. You will need a fiat wallet to transfer money from your Crypto.com account to your bank account.
Selling to Your Fiat Wallet
To sell cryptocurrency to your fiat wallet, follow the steps outlined below.
- Open Crypto.com and log into your account.
- Select "Trade" from the menu.
- Choose "Sell" from the options.
- Decide which cryptocurrency you want to convert to fiat and select "Fiat Wallet."
- In the Fiat window that opens, enter the amount you want to convert.
- A confirmation window will appear for about 15 seconds with the amount of fiat you are getting for the cryptocurrency.
Moving Money from Fiat Wallet to Bank
Now that you have converted cryptocurrency to fiat in your fiat wallet, you are ready to withdraw the funds to your bank. To complete the transfer, do the steps listed below.
- Go back to the Crypto.com homepage.
- Select "Transfer" from the menu.
- Choose "Withdraw" from the options presented.
- Select "Fiat" from the menu.
- Tap the USD balance and select "Withdraw USD."
- Select (or add) the bank account you want to transfer funds into.
- Review the transaction details for accuracy. If the information is correct, select "Confirm."
- You will receive your funds in your bank account within three to five business days.
Important Information About Selling/Converting Cryptocurrency
The following information is important to know about your Crypto.com currency conversions.
- All cryptocurrencies available on Crypto.com can be sold via the app.
- You can link up to five banks to your fiat wallet on Crypto.com
- There are withdrawal limits (both minimum and maximum amounts).
- If there are issues with the withdrawal, you will be notified by customer support regarding the issue and estimated time before the funds appear in your bank account.
Selling your cryptocurrency and transferring funds from your fiat wallet to your bank account is easy through the Crypto.com app. For more information on accounts and fund transfers, contact Crypto.com customer support here.
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