Crypto.com exchange platform is a popular crypto exchange platform where users can trade, invest, stake, wallets, NFTs, and more. The users are provided with 150 different currencies, reasonable fees, and benefits to the users who hold a significant stake in Crypto.com Coin (CRO). This involves the use of a Crypto.com Visa Card.
To use that visa card, you need to top up the card every now & then as per your usage. For trading in cryptos with your fiat currency, too, you would need money. That means you need to add money to your Crypto.com account. Crypto.com allows you to add your money to a fiat wallet.
Why Add Money To Crypto.com?
You would need to add money to your Crypto.com account for:
- Trading in the cryptocurrencies.
- Top-up your Crypto.com visa card.
- Buying CRO for staking
How To Add Money To Crypto.com?
Crypto.com allows you to add your money from your bank account to your Crypto.com account using a fiat wallet. Fiat wallets on Crypto.com allow users to withdraw and deposit money to and from their bank accounts.
Fiat wallets available on Crypto.com in different currencies are as follows:
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- Euro (EUR)
- Pound Sterling (GBP)
- United States Dollar (USD)
- USD Coin (USDC)
- Brazilian Real (BRL)
Every currency wallet has its own specifications, which you can check on the Crypto.com support page (https://help.Crypto.com/en/articles/4777911-fiat-wallet-general-information)
Uses Of Adding Money To Your Fiat Wallet On Crypto.com
Adding money to your Cryprto.com Fiat Wallet can be used for the following:
- Crypto purchase
- Recurring buy
- Crypto.com Visa card top-up
- Sell crypto to fiat
- Withdraw fiat to the bank account
Also Read: Cryptocurrency Burning Meaning
Who Is Eligible To Add Money To Crypto.com Fiat Wallet?
A person who meets the following criteria can add money to their Crypto.com USD fiat wallet:
- The person has an SSN (Social Security Number).
- The person has a US residential address.
- The person has a bank account in the US.
The US users who meet all the above requirements are eligible to add money to their Crypto.com fiat wallets via ACH or wire transfers.
How To Set Up A Fiat Wallet On Crypto.com To Add Money?
Whether you are a person who has previously used a USD fiat wallet on Crypto.com or a new user, the steps are the same. So, the following are the steps to set up a fiat wallet on Crypto.com so that you can add money to Crypto.com:
- Open the Crypto.com app on your device.
- Go to home page.
- Select “Transfer.”
- Tap on “Deposit.”
- Select “Fiat, Deposit fiat from your bank account.”
- It will then prompt you to first set up a fiat currency wallet so that you can deposit fiat. So, click on the “+ Set up new currency.”
- Choose the currency option that applies to you, say USD.
- It will then give you a list of things you can recharge with your bank transfer. Scroll down and accept the terms & conditions.
- Click on “Next.”
A pop-up will declare that your fiat wallet is now ready to use, and your bank transfer account is then ready to use.
Also Read: How to Contact Crypto.com?
Methods Available To Add Money To Crypto.com?
Crypto.com provides ACH and wire transfer methods to transfer money from your bank account to your USD fiat wallet.
To determine which method is best for you, you can compare the two methods. A brief comparison of the two wallets is as follows:
| Parameters | ACH | Wire |
| Minimum transfer | $20 per transaction | $5000 per transaction |
| Maximum daily limit | 5 times per day or $50,000 | 5 times per day or $250,000 |
| Maximum monthly limit | 30 times/month or $500,000 | 30 times/month or $1,000,000 |
| Processing time | 3-5 business days | 1-2 business days |
| Eligibility | US users with US residential addressSSN (social security number) | US users with US residential addressSSN (social security number) |
| Requirement | No third-party transfersUSD transfers onlyTransfers from US based bank account | No third-party transfersUSD transfers onlyTransfers from US based bank account |
| Fee | Crypto.com charges zero fees for this service. But, the bank may charge a separate fee. So, you should check with your bank before initiating a transfer. | Crypto.com charges zero fees for this service. But, the bank may charge a separate fee. So, you should check with your bank before initiating a transfer. |
How To Add Money To Crypto.com Via ACH Transfer?
When you are done setting up your fiat wallet, you will be taken to the information page, which will describe all the necessary details required to transfer the amount from your bank account to your fiat wallet via ACH
& wire transfer. You can also get that deposit information on your mail by clicking on the button “send all account information to my mail.”
Steps to deposit money to Crypto.com via ACH:
- Go to fiat wallet.
- Click on “transfer.”
- Click on “deposit.”
- Click on “USD.”
- Click on ACH
The information required for ACH transfer is as follows:
- Routing number
- Account number
- Account type
- Bank
- Bank address
Also Read: Is Crypto.com Safe & Legit?
How To Add Money To Crypto.com Via Wire Transfer?
Steps to deposit money to Crypto.com via Wire Transfer:
- Go to fiat wallet.
- Click on “transfer.”
- Click on “deposit.”
- Click on “USD.”
- Click on “Wire Transfer.”
The information required for Wire Transfer is as follows:
- Unique code
- Bank name
- Bank address
- Recipient’s first name
- Recipient’s last name
- Recipient’s address
- Routing number
- Account number
Note: Ensure that you enter the right unique code in the wire transfer reference.
Crypto.com Deposit Time
The time taken for your transfer from your bank account to your fiat wallet depends on the transfer method.
- If you transfer money from your bank account to fiat wallet via ACH transfer, it will take about 3-5 business days.
- Whereas, if you transfer money from your bank account to fiat wallet via wire transfer, it will take about 1-2 business days.
Why Is My Crypto.com Deposit Not Showing?
If you have made an ACH transfer and your transferred amount is not updated on the app even after 3-5 days, the reasons can be:
- Your Bank account name does not match the name in their records.
- Funds were sent from a joint account.
- Your transfer is made by a payment processing company like PayPal, wise, etc. and not the bank.
- Your bank is not on the ACH network.
- You have exceeded the given limit.
If you have made a wire transfer and your transferred amount is not updated on the app even after 3-5 days, the reasons can be:
- Funds transferred from a non-USD bank or non-USD funds were transferred.
- Third-party deposits were made.
Also Read: Crypto Charts: Different Types & How to Read Crypto Charts?
What To Do When Crypto.com Deposits Are Not Showing?
For either of the cases, if you’ve waited for the given time and neither the amount has been updated on the app, nor it’s transferred back to your bank account – you should contact the Crypto.com team at [email protected] as soon as possible.
For ACH transfers, provide the following details:
- Supporting documents like a bank statement showing your full name
- The bank account you were transferring from
- The transaction itself
For wire transfers, provide the following details:
- The date & time when you sent the wire,
- names on the bank account where the wire started,
- Routing & account number where you wired the funds,
- Unique code included in the wire,
- Amount of the wire.
How To Add Debit Card To Crypto.com?
You can add your debit card or your credit card when you purchase CRO or crypto. You can also add it when you’re topping up your Crypto.com visa card. Following are the steps to add a debit card to Crypto.com while buying CRO/crypto:
Steps to Add Debit Card to Crypto.com:
- Go to the Crypto.com home page.
- Click on “trade.”
- Click on “Buy.”
- Select CRO/preferred crypto you would like to purchase.
- On the following screen, you’ll find the option of adding your credit/debit card. Click on it and follow the instructions to correctly add your card details (card number, name on card, expiry date, CVV code).
- Verify the card by adding a small amount of $0.10 SGD (or local equivalent), which will be temporarily held for 7 days. Confirm this transaction to complete the process.
And your debit/credit card will be added to the Crypto.com exchange platform.
Also Read: 8 Cryptocurrency Trading and Investing Tips
Conclusion
Crypto.com is a popular platform with a user base of over 10 million. This is because of the convenience and facilities the platform provides to its users. For trading in crypto, the users are provided with several methods.
One of which includes making use of fiat currency. It provides a fiat wallet, and people can use it to deposit money in it from their bank accounts and vice versa.
And for that too, it provides methods like ACH & wire transfer. The users need only provide the right information, and the transfers go smoothly.
Frequently Asked Questions
Can I Make Cash And Check Deposits To Add Money To Crypto.com?
No, Crypto.com does not accept cash and check deposits.
What Is A Crypto.com Routing Number?
A routing number is required when you make a transfer from your bank account to Crypto.com via ACH transfer. It is a 9-digit unique numeric ID that each banking institution in the US has. The banks use ACH to determine where payment should be taken and sent to.
What Are The Charges Applied On Deposits Made To Fiat Wallet?
Crypto.com does not charge any fees for this service. You can add money to your Crypto.com account as much as you want but within the given limit. The only charges that you may face may be from your bank. Therefore, check with your bank before making the transfer.
