Are you wondering how to withdraw money from crypto.com to a bank account? Transferring money from crypto.com to a bank account is something you need to do once you earn some virtual money in the form of cryptocurrency.
In this article, you will learn about the step-by-step process of withdrawing money from crypto.com to a bank account.
But before we jump deeper into its procedure, let’s understand what exactly the website of crypto.com is?
Crypto.com is one of the popular and legitimate platforms for exchanging cryptocurrency available for the traders of the U.S. It has nearly sixty fiat currencies and can be easily accessed from more than eighty countries.
The website facilitates its users by providing a secure digital wallet that is convenient, easy to use, serving as a cheaper alternative to the other crypto exchange website.
You can use crypto.com to sell or buy different cryptocurrencies as an investor. The website facilitates users to transfer their money to their bank accounts using various credit cards, wire transfers, or ACH withdrawals.
How to Withdraw Money from Crypto.com?
Following are the step-by-step guide that you can follow to withdraw the amount from Crypto.com.
Following are the step-by-step guides that you can follow to transfer the amount from Crypto.com.
Steps to Withdraw Money from Crypto.com:
Step 1. Login to Crypto.com account.
Step 2. Click on the ‘Crypto Wallet’ and select your cryptocurrency.
Step 3. Tap the sell button and click on ‘Fiat Wallet.’
Step 4. Select your currency, enter the amount and confirm.
Step 5. Select the “transfer” option and Tap on the “withdraw”.
Step 6. Select your GBP currency.
Step 7. Fill in the amount you want to withdraw.
Step 8. Confirm your withdrawal.
Now your withdrawal request will be under review. The website will transfer the amount once the review process is done.
Crypto.com Withdrawal Limit
While discussing the crypto.com withdrawal limit, you may face some transaction restrictions, like the minimum withdrawal is $100 and $50,000 is the maximum amount for a transaction in a month.
Crypto.com Withdrawal Time
Once you have successfully submitted your withdrawal request, it may take 3-5 business days in case of ACH to credit the amount in your account. However, if you go through the wire transfer, it only takes a few hours to one day to credit the amount.
Crypto.com Minimum Withdrawal
The minimum withdrawal in crypto.com depends upon the various types of cryptocurrencies, and it changes very frequently. You can check the below-given link to be updated with the crypto.com fees structures.
Crypto.com Withdrawal Pending
If your amount is not credited to your account that was initiated from the cryptocurrency exchange platform, it means the network has not confirmed the amount transmitted to the network.
Once it is confirmed then the transaction is also confirmed if not! The transaction is unconfirmed. Usually, the transactions become confirmed within a few hours to a day.
You can easily withdraw your amount from Crypto.com’s wallet to your bank account by paying processing fees.
The withdrawal charges depend upon the types of cryptocurrencies you want to withdraw. Crypto.com provides a facility to invest in varieties of cryptocurrencies available in the market.