In this guide, we will explain how to withdraw money from Crypto.com. We provide two options so you can withdraw money from Crypto.com to your bank account. Also how to withdraw crypto from Crypto.com to a wallet or exchange.
Crypto enthusiasts know that one of the most important aspects of a trusted crypto platform is being able to easily withdraw your money and crypto-assets. So, if you’re thinking about selling and withdrawing from Crypto.com, keep reading! We’ll explore the withdrawal process in detail and explain exactly how it works.
How to Sell & Withdraw from Crypto.com?
What is Crypto.com?
Crypto.com is a cryptocurrency investing and trading platform that offers its users a wide range of features and services. One of the most popular features of Crypto.com is its crypto wallet, which allows users to store, send, and receive various cryptocurrencies.
Crypto.com also offers a debit card that can be used to spend crypto funds at merchants that accept Visa payments. Crypto.com is available in both mobile and web versions.
How to Withdraw Money from Crypto.com to a Bank Account?
Withdrawing money from Crypto.com is a simple process. By completing the below steps, you will be able to transfer money and have fiat money back in your bank account.
To withdraw money from Crypto.com you will need to;
- Log into your Crypto.com account
- From the Home tab, choose “Transfer” & link a preferred bank account if you haven’t already
- Choose “Withdraw” from the bottom of your screen
- Choose “Fiat”
- Select your prefered Fiat currency to withdraw to your bank account
- Enter the amount you wish to withdraw
- Select your bank account
- Enter the amount you want to withdraw & choose “Withdraw”
- Check the confirmation screen to confirm any fees, processing time, recipient & amount. Then select “Withdraw”.
Please note that there may be fees associated with withdrawing money from crypto.com, so be sure to check the terms and conditions before initiating a withdrawal. Your withdrawal will typically be processed within a few minutes, and you will receive your funds shortly thereafter. Every month, you can withdraw around $50,000, and you cannot withdraw less than $100.
If you’re from the UK and looking for a crypto-friendly bank, check our guide on the best crypto-friendly banks in the UK.
How to Withdraw Crypto from Crypto.com?
Withdrawing crypto from Crypto.com is a simple process. However, you will need to be Starter level or above.
To withdraw crypto to an external wallet address or exchange you will need to;
- Log into your Crypto.com account
- From the Home tab, choose “Transfer”
- Choose “Withdraw” from the bottom of your screen
- Choose “Crypto” & then “External Wallet”
- Select the wallet address for the crypto you would like to withdraw
- Enter the amount you would like to withdraw
- Select “Withdraw”
- Check the withdrawal request confirmation, which displays any fees, processing time, recipient & amount.
- Then choose “Withdraw” to confirm the transaction
What is Withdrawal Address Whitelisting on Crypto.com?
Withdrawal Address Whitelisting is a security measure to protect your crypto assets in your Crypto.com Wallet. When Withdrawal Address Whitelisting is enabled, crypto withdrawals from your Crypto.com Wallet can only be sent to crypto addresses that you have previously whitelisted.
This ensures that even if your Crypto.com account is compromised, your crypto assets are still safe as they cannot be withdrawn to any other crypto address.
Please note a 24-hour withdrawal lock on the newly added withdrawal address.
How to Add a Whitelist Withdrawal Address?
To add a whitelisted withdrawal address on Crypto com is a pretty simple process. Follow the below step-by-step guide;
- Log into your Crypto.com account
- From the Home tab, choose “Transfer”
- Choose “Withdraw” from the bottom of your screen
- Choose “Crypto” & then “External Wallet”
- Select the “+” icon in the upper right-hand corner & then “Wallet Address”
- Choose the crypto you want to withdraw
- Select the required network
- Paste in the withdrawal address or scan the QR code
- Enter a wallet a name
- Select “Send” to receive an SMS message with a verification code
- Complete mobile verification & 2FA authentication
When entering the withdrawal address, remember to remove any extra spaces not part of the withdrawal address.
2FA Security
Crypto.com does require 2FA (2-factor authentication) for both whitelisting withdrawal addresses and when you withdraw funds. This is for security reasons, ensuring that you have initiated the crypto withdrawal.
Automate Withdrawals
Crypto.com holds deposits in cold storage to protect users, but withdrawal requests for all cryptos are automated. Withdrawals are generally instant but can take up to two hours to process.
Cancelling a Crypto.com Withdrawal Request
If you need to cancel a withdrawal request from your Crypto.com wallet, it won’t be possible to do it yourself. You will need to contact Crypto.com’s support team via the chat function.
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