A Beginner's Guide on How to Withdraw Money from Crypto.com

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Crypto.com has emerged as one of the most popular cryptocurrency platforms worldwide, serving over 80 million active users. As digital assets gain traction, knowing how to access your funds becomes essential—especially when you're ready to turn crypto profits into usable money. While blockchain technology powers borderless transactions, most everyday expenses still rely on fiat currency, making withdrawal methods a crucial part of any investor’s toolkit.

This comprehensive guide walks you through every step of withdrawing money from Crypto.com, whether you're transferring funds to your bank account or moving crypto to an external wallet. We’ll cover preparation steps, detailed withdrawal processes for multiple currencies, security best practices, and how Crypto.com compares to other major exchanges.

Preparation Before Withdrawing Funds

Before initiating any withdrawal, ensure your Crypto.com account is fully verified through the KYC (Know Your Customer) process. This standard security measure requires submitting personal identification such as a government-issued ID, proof of address, and your legal name. KYC helps prevent fraud and complies with global financial regulations.

One key detail to note: you cannot withdraw fiat directly from the Crypto.com exchange. Instead, funds must first be moved to the Crypto.com mobile app, where you’ll create a fiat wallet linked to your bank account.

To set up a fiat wallet:

  1. Open the Crypto.com app and tap the menu.
  2. Select "Fiat Wallet".
  3. Tap "+ Set Up New Currency".
  4. Choose your preferred fiat currency (e.g., USD, EUR, GBP).
  5. Link your bank account by following the prompts—this may involve logging into your online banking portal.
  6. Complete the setup by depositing a small test amount to verify connectivity.

Supported fiat currencies include: USD, EUR, GBP, CAD, AUD, BRL, TRY, and SGD. If your local currency isn't supported, consider alternative platforms with broader fiat coverage.

👉 Discover seamless ways to manage your crypto withdrawals today.

How to Withdraw Money from Crypto.com to Your Bank Account

Selling Your Crypto for Fiat

The first step in cashing out is converting your cryptocurrency into fiat. Here’s how:

  1. Open the Crypto.com app.
  2. Go to "Accounts".
  3. Select the cryptocurrency you wish to sell.
  4. Tap "Sell Crypto".
  5. Choose the "Cash" option and enter the amount.
  6. Review the estimated fiat value and confirm the sale.

After the transaction completes, the proceeds will appear in your designated fiat wallet.

USD Withdrawal via ACH

For U.S.-based users, withdrawing USD via the ACH network is fast and free:

  1. Navigate to "Fiat Wallet" > "Transfer" > "Withdraw" > "USD".
  2. Select your USD balance and choose "Withdraw USD".
  3. Add your bank account if not already linked—select your bank and log in securely.
  4. Confirm withdrawal details and tap "Confirm".

Processing typically takes 1–3 business days. Note:

No fees apply for ACH withdrawals on Crypto.com.

EUR Withdrawal via SEPA

European users can withdraw euros using the SEPA (Single Euro Payments Area) system:

  1. From the app, go to "Fiat Wallet" > "Withdraw" > "EUR".
  2. Choose "Withdraw EUR" and review limits.
  3. Enter the amount and select your linked bank account.
  4. Confirm the transaction.

A €1.00 fee applies per SEPA withdrawal. Processing usually takes one business day. Make sure you haven’t exceeded daily or monthly withdrawal limits.

GBP Withdrawal via Faster Payments Service (FPS)

UK residents can use the Faster Payments Service (FPS) for near-instant GBP transfers:

  1. In the app, go to "Accounts" > "Fiat Wallet" > "Withdraw" > "GBP".
  2. Tap "Withdraw GBP" and proceed.
  3. Enter amount and choose bank account.
  4. Confirm request.

Important: You must have previously deposited GBP via FPS before withdrawing back to the same account. A £1.90 fee applies per transaction.

BRL Withdrawal for Brazilian Users

Crypto.com supports withdrawals in Brazilian Real (BRL):

  1. Access "Fiat Wallet" > "Withdraw" > "BRL".
  2. Select amount and destination bank account.
  3. Confirm the transaction after reviewing terms.

As with GBP, you must first deposit BRL via the same method before initiating a withdrawal. Transfers typically arrive within one business day.

Withdrawing Cryptocurrency to an External Wallet

If you prefer to keep your assets in crypto form or trade on another platform, transferring to an external wallet is a flexible alternative.

Whitelisting a Withdrawal Address

Security is paramount. Crypto.com requires address whitelisting for all new external wallets:

  1. Open the app and go to "Accounts" > "Crypto Wallet".
  2. Tap "Transfer" > "Withdraw" > "External Wallet".
  3. Click "+ Add Wallet Address".
  4. Select the cryptocurrency and network (e.g., Ethereum ERC-20).
  5. Paste or scan the recipient wallet address—ensure no extra text (like “Ethereum:”) is included.
  6. Name the address for future reference.
  7. Confirm with SMS and 2FA codes (from authenticator app).

A 24-hour withdrawal lock applies to new addresses for added protection.

Initiating the Withdrawal

Once whitelisted:

  1. Go to "Transfer" > "Withdraw" > "External Wallet".
  2. Select the saved address.
  3. Enter amount and confirm with biometrics or passcode.
  4. Provide 2FA code if prompted.
  5. Tap "Withdraw".

Processing takes 2–3 hours, after which you’ll receive email confirmation. Track progress via Transaction History and view TxID in a blockchain explorer.

👉 Learn how top platforms streamline crypto withdrawals securely.

Understanding Withdrawal Fees

Crypto.com maintains competitive fees across both fiat and crypto withdrawals:

Crypto withdrawal fees vary by asset:

An additional 50 USDC fee applies for reversing erroneous on-chain transactions.

Security Tips When Withdrawing from Crypto.com

Protect your assets with these best practices:

If you suspect a breach, change your login email and password immediately through your profile settings.

Comparing Withdrawal Methods: Which Should You Use?

Withdrawing to a Bank Account

Best for users who want to spend or save in traditional currency.

✅ Pros:

❌ Cons:

Ideal for paying bills, saving, or converting profits into stable funds.

Withdrawing to an External Wallet

Best for active crypto traders or investors diversifying across platforms.

✅ Pros:

❌ Cons:

Use this method if you plan to trade on decentralized exchanges or hold long-term investments.

👉 See how leading exchanges optimize speed and security in fund transfers.

Exploring Crypto.com’s Key Features

Ease of Use

Crypto.com’s mobile-first design offers an intuitive interface ideal for beginners. However, lack of desktop functionality may inconvenience users who prefer larger screens or multi-tasking environments.

Supported Cryptocurrencies

With support for around 320 cryptocurrencies, Crypto.com covers major assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). While solid, it falls short compared to Binance’s 500+ offerings—important for those exploring niche or emerging projects.

Fee Structure

Trading fees range from 0% to 0.0750%, making it competitive for frequent traders. Combined with low withdrawal costs, it appeals to cost-conscious investors—though always verify current rates as they may change.

Frequently Asked Questions (FAQ)

Q: Can I withdraw fiat directly from the Crypto.com exchange?

No. All fiat withdrawals must go through the Crypto.com mobile app, where you set up a fiat wallet linked to your bank account.

Q: How long do withdrawals take?

Fiat withdrawals typically take 1–3 business days, depending on region and method (ACH, SEPA, FPS). Crypto transfers usually process within 2–3 hours.

Q: Are there withdrawal limits?

Yes. Limits depend on your verification level and region. Check your account settings for specific caps on daily and monthly withdrawals.

Q: Why is my withdrawal address invalid?

Common causes include extra text before/after the address (e.g., “BTC:”) or incorrect network selection (e.g., sending ERC-20 tokens to a BEP-2 address).

Q: Is there a fee for depositing money into Crypto.com?

Generally, no fees apply for deposits via bank transfer or card—but check your bank’s policies as third-party charges may occur.

Q: What should I do if my withdrawal fails?

First, check transaction history for error messages. If unresolved, contact customer support via the app’s chat feature under Customer Support.

Final Thoughts

Knowing how to withdraw money from Crypto.com empowers you to take full control of your digital wealth—whether converting crypto into spendable cash or moving assets across platforms. While the process is straightforward and secure, remember that it's mobile-only and limited to specific fiat currencies.

For users seeking greater flexibility, wider currency support, or desktop access, alternatives like Binance or Kraken may offer better-suited solutions.

Regardless of platform, always prioritize security: use 2FA, double-check addresses, and stay informed about fees and limits.

By mastering these steps, you’re not just withdrawing funds—you're unlocking the real-world utility of your crypto investments.