How To Withdraw From Crypto.com To A Bank Account?

What Is Crypto.com?

Crypto.com is a digital asset and cryptocurrency platform that allows users to buy, sell, and trade cryptocurrencies. The platform also offers a wallet service, which allows users to store their cryptocurrencies safely and securely. 

Crypto.com is a very popular cryptocurrency platform with over 50 million users worldwide. As of 2022, the company has 50 million customers and 4,000 employees.

Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo launched Crypto.com in 2016. Two years later, the firm was renamed Crypto.com after cryptography researcher and professor Matt Blaze purchased it. The market valued the domain at $5–10 million.

Today, Crypto.com enables users to purchase, sell, and exchange over 250 cryptocurrencies. You may trade on Crypto.com for the following cryptocurrencies:

• Bitcoin
• Ethereum
• Litecoin
• Uniswap
• Origin
• Enjin Coin
• Raven Coin
• Stratis
• Polygon
• Harmony
• SHIBA INU and many others.

Crypto.com is popular because it is a good choice for more experienced traders. It provides a digital wallet and high-level security. Plus, it is a cheaper alternative to other crypto exchange platforms.

About the Fiat Wallet

A Fiat wallet is a cryptocurrency wallet that allows you to store, send, and receive cryptocurrencies. You can set up a Fiat wallet with just a few steps:

1. Open the Crypto.com App on your phone. You can create a free account if you don't have one).
2. Click the Accounts button from the options at the bottom ⇒ Fiat Wallet.
3. Click the Set Up New Currency button.
4. Depending on where you live, you might have more than one type of Fiat wallet. There are usually three types: USD, GBP, and EUR.
5. Choose the one that is best for you and follow the on-screen prompt.

Once you're done, you need to deposit some funds into your wallet to start using it. To do this, you can either transfer money from your bank account or use a debit or credit card. Once you have deposited funds, you can start buying and selling cryptocurrencies within your wallet.

Fiat wallets are a great way to store and trade digital currencies, offering convenience and security. However, it is important to remember that fiat wallets are not regulated by any government body, so there is always a risk of loss.

How to Withdraw Money From Crypto.com?

If you want to know how to transfer money from crypto.com to a bank account, then follow the steps below:

1. Open the Crypto.com application.
2. If you have not already, link your preferred bank account. However, if you have already linked a bank account, click on Transfer.
3. You will see a pop-up with two options at the bottom of your screen. The first option is to deposit money, and the second option is to withdraw money.
4. Select Withdraw.
5. Two options will appear on your screen: Crypto and Fiat.
6. Pick the Fiat option.
7. Choose the currency you prefer.
8. Enter the amount of cash you want to withdraw.
9. Click Withdraw.
10. When you click on the Withdraw button, it will show you the amount of money that has been withdrawn. It will also tell you how much the fees were, and how long it will take to process the withdrawal. The recipient will be shown, as well as the total amount of money withdrawn.
11. Click Confirm.

You have now successfully withdrawn money from your Crypto.com account to your linked bank account! However, it's important to note the withdrawal limits since few of them exist. 

If you want to withdraw your money to an external address, it will take 2–3 hours for the money to be transferred. If you want to withdraw your money from the Crypto.com App, it will be transferred instantly.

Related: What Is The Best Crypto Tax Software In 2022?

Bottom Line

So there you have it, that’s how to withdraw from Crypto.com to your bank! 

We hope we managed to clarify everything for you, and if not, feel free to reach out to crypto.com for more help. Remember that withdrawing your funds is an important step in securing them, so follow the steps exactly as outlined here.