As cryptocurrency adoption rises, users increasingly seek efficient ways to move funds from exchanges like Crypto.com to traditional bank accounts. This guide provides a clear, step-by-step process for withdrawing fiat currency from Crypto.com to your linked bank account.
Step-by-Step Guide to Transfer Money from Crypto.com to Your Bank Account
1. Set Up Your Fiat Wallet
To begin withdrawals, establish a Fiat Wallet within your Crypto.com account:
- Open the Crypto.com App on your mobile device
- Navigate to the Accounts tab
- Select Fiat Wallet from the options
2. Link Your Bank Account
Securely connect your banking details:
- Tap Transfer within the Fiat Wallet
- Choose Withdraw
Add your bank account information, including:
- Account holder name (must match Crypto.com credentials)
- IBAN or account number
- Relevant banking institution details
👉 Need help verifying your bank account?
3. Convert Cryptocurrency to Fiat (If Needed)
For crypto-to-fiat conversion:
- Access your Crypto Wallet in the app
- Select the cryptocurrency to sell
Choose Sell Crypto and specify:
- Target fiat currency (USD, SGD, etc.)
- Conversion amount
- Confirm the transaction
4. Initiate the Withdrawal
With fiat funds ready:
- Return to your Fiat Wallet
- Select Withdraw
- Choose your linked bank account
- Enter the withdrawal amount (minimum SGD 50)
- Review and confirm
Key Considerations for Crypto.com Withdrawals
Processing Times and Limits
| Transaction Type | Details |
|---|---|
| Standard Processing | 3-5 business days |
| Daily Limit | SGD 200,000 |
| Monthly Limit | SGD 2,700,000 |
| Withdrawal Fee | SGD 1.99 per transaction |
Account Verification Tips
- Complete bank verification promptly to avoid delays
- Ensure account names match exactly between platforms
- Small test deposits may be required for verification
Frequently Asked Questions
How long do Crypto.com withdrawals take?
Most withdrawals process within 3-5 business days, though timing depends on your bank's clearing procedures.
What currencies does Crypto.com support for bank transfers?
Crypto.com supports multiple fiat currencies including USD, SGD, EUR, and GBP, depending on your region.
Why was my withdrawal rejected?
Common reasons include:
- Name mismatch between accounts
- Insufficient verification
- Exceeding withdrawal limits
👉 Troubleshooting failed withdrawals
Are there alternatives to bank transfers?
Yes, Crypto.com offers:
- Crypto withdrawals to external wallets
- Debit card spending options
- Peer-to-peer transfer features
Final Thoughts
Transferring funds from Crypto.com to your bank requires careful attention to account setup, verification, and withdrawal limits. By following this guide and monitoring transaction statuses, you can seamlessly bridge your crypto and traditional finance operations.