Introduction
Withdrawing your funds from Crypto.com is a straightforward process when you know the right steps. Whether you're transferring cryptocurrencies to an external wallet or converting to fiat currency like euros, this guide covers everything you need for seamless withdrawals. We’ll walk you through SEPA transfers, fees, limits, and security tips to optimize your experience.
Prerequisites for Withdrawal
Before initiating a withdrawal, ensure you meet these requirements:
- ✅ Completed KYC verification via the Crypto.com mobile app.
- ✅ Active fiat wallet in your local currency (e.g., EUR).
- ✅ Initial deposit from a bank account under your name (mandatory for SEPA transfers).
- ✅ Converted cryptocurrencies to fiat (if withdrawing cash) or prepared an external wallet address (for crypto transfers).
- ✅ Checked withdrawal limits based on your account verification level.
Step 1: Convert Cryptocurrencies to Fiat (Optional)
If you hold digital assets, sell them to your fiat wallet first:
- Open the Crypto.com app → Navigate to Account → Select _Crypto Wallet_.
- Tap “Sell” → Choose the cryptocurrency and amount.
- Select Fiat Wallet as the destination.
- Review the exchange rate and fees, then confirm.
👉 Learn more about minimizing transaction fees
Step 2: Set Up Your Fiat Wallet (EUR)
- Go to Fiat Wallet from the app’s homepage.
- Click Transfer → Deposit → _+ New Currency Setup_.
- Follow prompts to activate your EUR wallet and note the provided IBAN/BIC details.
Note: Use the same bank account for withdrawals that you used for the initial deposit.
Step 3: Withdraw via SEPA Transfer
To withdraw euros:
- Navigate to Fiat Wallet → Transfer → Withdraw → EUR.
- Enter the amount (minimum €90) and select your linked bank account.
- Confirm the request. Processing typically takes 1 business day.
Fees: SEPA transfers usually cost €1 per transaction.
Step 4: Withdraw Cryptocurrencies to an External Wallet
To transfer crypto instead:
- Go to Crypto Wallet → Transfer → _Withdraw_.
- Select the cryptocurrency (e.g., BTC, ETH) and enter the external wallet address.
- Double-check the address (errors are irreversible!) and pay the blockchain fee (e.g., ETH for ERC-20 tokens).
- Confirm the transaction.
Pro Tips for Secure Withdrawals
- 🔒 Verify addresses manually to avoid losing funds.
- 💰 Keep reserve funds for unexpected transaction fees.
- 📊 Monitor transaction history for discrepancies.
- ⚡ Use SEPA Instant for faster euro withdrawals (if available).
👉 Explore advanced security practices
FAQs
1. How long do SEPA transfers take?
Typically 1 business day, but delays may occur depending on your bank.
2. Can I withdraw without KYC verification?
No. KYC is mandatory for fiat and crypto withdrawals.
3. What’s the minimum withdrawal amount?
€90 equivalent for fiat; crypto minimums vary by asset.
4. Are there withdrawal limits?
Yes, based on your account tier (check Crypto.com’s support page).
5. Why is my withdrawal delayed?
Possible reasons: bank holidays, incomplete KYC, or high network congestion (for crypto).
Conclusion
Withdrawing from Crypto.com is simple: complete KYC, fund your fiat wallet, and follow the steps for SEPA or crypto transfers. Always prioritize security by verifying details and staying within platform limits. For further assistance, refer to Crypto.com’s official support.
Disclaimer: Cryptocurrency investments carry risks. This guide is informational; always conduct independent research before making financial decisions.