How to Withdraw Money from Crypto.com? Complete Guide

To withdraw money from your Crypto.com account, you first need to open the app and link your bank account. Once you’ve done that, hit the Withdraw button, which you can find at the bottom of the screen. Select Fiat as your withdrawal option and choose your preferred currency.

Next, enter the amount you want to withdraw, and then hit the Withdraw button again. It’s as simple as that! It’s worth noting that withdrawal fees and processing times will vary depending on the currency you’re withdrawing and your bank’s policies.

If you’re new to Crypto.com or cryptocurrency trading in general, it’s important to familiarize yourself with the withdrawal process to avoid any confusion or frustration. With this guide, you’ll be able to confidently withdraw your funds when the time comes.

What Is Crypto.com?

Crypto.com is a cryptocurrency exchange and digital wallet platform that allows users to buy, sell, and store a wide range of cryptocurrencies. It was founded in 2016 and has since grown to become one of the leading players in the industry.

The platform offers a variety of features and services, including a mobile app, a debit card, and a range of investment products. It also offers its own cryptocurrency, called CRO, which can be used to earn rewards and access various perks. Overall, Crypto.com is a popular choice for those looking to buy and sell cryptocurrencies or use them for payments and other transactions.

Crypto.com is a popular cryptocurrency exchange that offers a wide range of cryptocurrencies for trading, including popular coins like Bitcoin, Ethereum, and Litecoin, as well as newer projects like Uniswap, Origin, and Enjin Coin. The platform also supports stablecoins like USD Coin, and offers a diverse selection of altcoins like Golem, Ravencoin, and DigiByte. While it may initially seem overwhelming to new users, Crypto.com is a good choice for experienced traders due to its advanced features and high-level security. Additionally, the platform offers a digital wallet for storing and managing cryptocurrencies.

How to Withdraw Money from Crypto.com

Withdrawing money from Crypto.com is a simple process that can be completed in a few easy steps. Here is a step-by-step guide to help you withdraw your money:

1. Open the Crypto.com application on your device.
2. Link your preferred bank account to your Crypto.com account if you haven’t already. To do this, go to the crypto account balance and click on transfer.
3. At the bottom of the screen, you will see a pop-up that gives you two options – “deposit” and “withdraw”. Click on “Withdraw”.
4. You will then see two options on your screen – “Crypto” and “Fiat”. Choose the “Fiat” option that allows you to “Withdraw Fiat to your bank account”.
5. Select the currency you prefer.
6. Once you have selected the desired currency, fill in the amount of money you wish to withdraw.
7. After you have entered the amount you want to withdraw, click on “Withdraw”.
8. You will be shown a confirmation screen that shows the amount withdrew, possible fees, processing time, recipient, and the total amount you ended up withdrawing.

It is important to note that there are some restrictions when it comes to withdrawing money from Crypto.com. You can withdraw up to $50,000 per month, and you cannot withdraw less than $100. If you try to withdraw less than $100, you will be notified.

How to Withdraw Crypto from Crypto.com

Withdrawing cryptocurrency from Crypto.com is a process that requires you to be at the Starter level or higher. Here are the steps you need to take to withdraw crypto:

1. Log into your account at crypto.com/exchange.
2. Click on “Balance” located in the upper right-hand corner of the screen.
3. Look for the cryptocurrency you wish to withdraw and select “Withdraw”.
4. Choose the method of withdrawal, either to an external wallet address or to your Crypto.com app if it is connected to the exchange.
5. If you choose to withdraw to an external address, you will need to add a withdrawal address by selecting the right currency and inputting the relevant details, including a verification code from Google.
6. Pick the withdrawal address from the drop-down list and verify the amount you want to withdraw.
7. Click on “Review Withdrawal” to confirm your details.
8. Check the details, including any withdrawal fees that may apply, and click on “Confirm Withdrawal”.
9. Wait for up to two hours for the withdrawal to be processed.

It is important to note that fees may apply to withdrawals, and the amount you receive will be the amount left after any fees are deducted.

How to Automate Withdrawals on Crypto.com

If you want to track the status of your withdrawal, you can check the “Withdrawal History” in the Crypto.com app. It will show you the history of all your withdrawals and you can check their status there. In case there are any issues with your withdrawal, you will receive an email to let you know that the transaction was unsuccessful. You can also use the “Support” feature in the app to get help from customer service.

It is important to note that there are withdrawal limits for different cryptocurrencies, and you need to be aware of them before making a withdrawal request. These limits are based on the security needs and vary from one cryptocurrency to another. For example, the maximum withdrawal limit for Bitcoin is 0.1 BTC per 24 hours, while for Ethereum, it is 2 ETH per 24 hours.

Withdrawal Address Whitelisting on Crypto.com

Withdrawal address whitelisting is a crucial step in increasing the security of your funds when transferring them to new addresses. To add a whitelisted address, select the “TRANSFER” button and go to “Withdraw”, then “Crypto” and then “External Wallet”. Click on “+Add Wallet Address”, choose the crypto you want to withdraw and paste, type or scan the withdrawal address.

Give a name to your wallet and select “CONTINUE”. Enter a 6-digit verification code from your authenticator app, and repeat these steps to save all your whitelisted withdrawal addresses. It’s important to remove any whitespace before or after the characters in the withdrawal address and ensure that everything entered is part of the address.

How to Make a Withdrawal

1. Open the Crypto.com app and navigate to the home screen.
2. Click on the “TRANSFER” button located on the bottom of the screen.
3. Select “WITHDRAW“.
4. Choose the cryptocurrency you wish to withdraw.
5. Pick “External Wallet”.
6. Find the withdrawal address you previously whitelisted and tap on “Withdraw“.
7. Enter the amount of the cryptocurrency you wish to withdraw.
8. Confirm that the information you entered is correct.
9. Tap “Withdraw” to submit your request.
10. Wait for Crypto.com to process your request. You will receive a notification once it has been completed.