Are you a master investor in Cryptocurrency looking for Crypto.com withdrawal to a Canadian bank?
This website facilitates its users to withdraw fiat by selling Cryptocurrency to the wallet & transferring Canadian dollars from the wallet to the bank account.
This article will learn about the step-by-step process to withdraw your fund from crypto.com to a Canadian bank account.
Remember, Crypto.com does not charge any fee for the Canadian dollar withdrawal process. However, your bank may apply a penny charge for it.
Crypto.com Withdrawal To Canadian Bank Account
There are mainly three steps that you need to follow to transfer or withdraw Cryptocurrencies as Canadian dollars into your bank account.
- Sell Cryptocurrency to fiat.
- Setup your Canadian dollar withdrawal and
- Then finally, withdraw your amount.
Let’s understand the complete process step-by-step.
Also Read: How to Reset Crypto.com Passcode?
How To Sell Your Cryptocurrency To Fiat In Crypto.com?
Steps to Sell Your Cryptocurrency to Fiat in Crypto.com:
Step 1: First, you need to open the application of Crypto.com.
Step 2: Select the option of “Trade.”
Step 3: Then choose the “Sell” option.
Step 4: Select your desired Cryptocurrency that you want to change to fiat.
Step 5: Now, choose the option of ‘Fiat Wallet‘ from the menu.
Step 6: Then you have to enter the desired amount on the fiat wallet screen that you want to convert. Remember, the application will automatically suggest the maximum amount to sell when the user enters the amount.
Step 7: Now, a confirmation page will appear that will show the actual value of your coin for 15 seconds. It will be based on the current market rate.
Also Read: How Long Does Crypto.com Take To Verify?
How To Set Up Canadian Withdrawal In Crypto.com?
If you have sold your Cryptocurrency to fiat, then set up your CAD withdrawal. For this, you will need to follow the steps mentioned below.
Steps to Set Up Canadian Withdrawal in Crypto.com:
Step 1: Open Crypto.com App.
Step 2: Visit the wallet balance on the home screen, then click on the ‘Fiat wallet.‘
Step 3: Select the option of transfer followed by ‘Withdraw‘ and ‘Fiat.’
Step 4: Press on your Canadian dollar balance & ‘Withdraw CAD.‘
Step 5: Then you will need to confirm your email, which is being used in the withdrawal process. Remember that your email id must be linked with the bank account.
Step 6: Then enter your name and mobile number and submit them.
Step 7: It’s time to wait for the internal review process. The website will send you a notification once your withdrawal setup is done successfully.
As a final step, let’s see how you can withdraw your Canadian dollars to your account.
How To Withdraw From Crypto.com To Bank Account Canada?
Steps to Withdraw from Crypto.com to Bank Account Canada:
Step 1: Open your Crypto.com Application.
Step 2: Click the ‘Fiat wallet‘ option in the menu appearing on the home screen.
Step 3: Select the transfer option and choose the ‘withdraw’ option followed by ‘Fiat.’
Step 4: Click on your Canadian dollar balance and follow by ‘Withdraw CAD.”
Step 5: Complete the submission and withdrawal limit process.
Step 6: Then click on the option of ‘Withdraw Now.’
Step 7: Enter your desired amount that you wish to withdraw, then
Step 8: Go through the security question and answer, followed by reviewing your withdrawal request and confirmation.
The review process can take a couple of minutes to an hour. Once it is done, you will get notified when the withdrawal process is done successfully.
Also Read: Is Crypto.com FDIC & SIPC Insured?
Final Words
These are the mandatory steps to follow if you wish to transfer your fund from crypto.com to your Canadian bank account.
However, it would be best to remember that there is a limitation of withdrawal that ranges between CAD 100 to CAD 100,000 (minimum to maximum).
