Crypto.com is a leading Singapore-based cryptocurrency exchange with over 80 million active users globally. As crypto gains mainstream adoption, many users need guidance on converting their digital assets into fiat currency. This comprehensive guide will walk you through withdrawing funds from Crypto.com to bank accounts and external wallets.
Key Preparation Steps
Before initiating withdrawals, complete these essential preparations:
- KYC Verification: Provide required identification documents to comply with anti-money laundering regulations
- Fiat Wallet Setup: Create a wallet for your preferred currency (USD, EUR, GBP, etc.) in the Crypto.com app
- Bank Account Linking: Connect your verified bank account to enable fiat withdrawals
👉 Learn how to maximize your crypto earnings
How to Withdraw to Bank Accounts
Selling Crypto for Fiat
- Open Crypto.com app and navigate to "Accounts"
- Select the cryptocurrency you want to sell
- Choose "Sell Crypto" and select "Cash" option
- Enter amount and confirm transaction
USD Withdrawals via ACH
- Free withdrawals to US bank accounts
- Supports linking up to 5 bank accounts
- Typically processes within 1 business day
EUR Withdrawals via SEPA
- €1.00 fee per transaction
- Daily/monthly withdrawal limits apply
- Funds arrive in 1-2 business days
GBP Withdrawals via FPS
- £1.90 fee per withdrawal
- Requires initial deposit from same bank account
- Faster processing than international transfers
Transferring to External Wallets
Whitelisting Addresses
- Enable 2FA authentication
- Add wallet address manually or via QR code
- Wait 24-hour security period for new addresses
Withdrawal Process
- Select cryptocurrency from your wallet
- Choose whitelisted external address
- Enter amount and confirm with 2FA code
- Transaction typically completes within 2-3 hours
Withdrawal Fees
| Cryptocurrency | Minimum Withdrawal | Fee |
|---|---|---|
| Bitcoin (BTC) | 0.0012 BTC | 0.0006 BTC |
| Ethereum (ETH) | 0.01 ETH | 0.005 ETH |
| USDC | 32 USDC | 16 USDC |
Security Best Practices
- Always enable two-factor authentication
- Carefully verify wallet addresses before sending
- Monitor account activity regularly
- Use official Crypto.com support for help
👉 Secure your crypto assets today
FAQ
How long do bank withdrawals take?
Most fiat withdrawals process within 1-3 business days depending on the payment network.
What's the minimum withdrawal amount?
Minimums vary by cryptocurrency - for example 0.0012 BTC for Bitcoin withdrawals.
Are there withdrawal limits?
Yes, daily and monthly limits apply based on your account verification level.
Can I cancel a withdrawal?
Crypto withdrawals cannot be canceled once initiated. Fiat withdrawals may be cancelable before processing.
What if I send to wrong address?
Erroneous crypto transactions are irreversible. Always double-check wallet addresses.
Conclusion
Withdrawing from Crypto.com involves either converting crypto to fiat for bank transfers or sending digital assets to external wallets. While the platform offers competitive fees and supports multiple currencies, withdrawals are app-only and may have processing delays. For alternative options, consider exchanges like Binance or Kraken that offer more withdrawal flexibility.
Remember to prioritize security through 2FA and address verification when moving your funds. Following these guidelines will help ensure smooth, successful withdrawals from your Crypto.com account.