The Ultimate Guide: How to Withdraw Money from Crypto.com to Your Bank Account

Navigating the world of cryptocurrency is exciting, but knowing how to get money out of Crypto.com is crucial for realizing your profits or accessing funds. This guide provides a clear, step-by-step roadmap for converting your digital assets into spendable cash in your bank account.

Understanding Your Withdrawal Options on Crypto.com

Before initiating a withdrawal from Crypto.com, identify what you're withdrawing: Fiat currency (like USD, EUR) already in your Crypto.com App Fiat Wallet, or Cryptocurrency (like BTC, ETH) from your Crypto Wallet. The process differs for each. For cashing out to traditional bank accounts, the primary path is through the Fiat Wallet.

Step-by-Step: Withdrawing Fiat to Your Bank Account

This is the most common method to cash out crypto into your local currency.

1. Sell Crypto to Fiat (If Needed): If you hold crypto, first sell it to your preferred fiat currency (e.g., USD) within the Crypto.com App. Navigate to "Accounts" > "Crypto Wallet," select the asset, tap "Sell," and choose the fiat currency.
2. Access Your Fiat Wallet: Ensure the fiat currency is in your "Fiat Wallet" under the "Accounts" tab.
3. Initiate the Fiat Withdrawal: Tap on your Fiat Wallet balance, select "Withdraw," and then "Bank Transfer."
4. Select/Add Bank Account: Choose a pre-linked bank account or add a new one by providing your IBAN/SWIFT or local routing details (requirements vary by region).
5. Enter Amount & Confirm: Specify the amount you wish to transfer to bank, review any fees (often free for USD withdrawals via ACH, but fees may apply for wire transfers or other currencies), and confirm the transaction.

Important Considerations: Fees, Limits, and Time

• Fees: Crypto.com typically charges no fee for USD fiat withdrawals via ACH. Wire transfers and other currency withdrawals may incur fees. Always check the "Fee Schedule" in the app.
• Processing Time: ACH transfers usually take 1-5 business days. International SWIFT transfers can take longer.
• Withdrawal Limits: Accounts have daily and monthly withdrawal limits, which vary based on your verification level. Complete full KYC verification for higher limits.

Alternative Method: Withdrawing Cryptocurrency to an External Wallet

If you wish to move your crypto assets elsewhere (like a private wallet or another exchange), use the Crypto.com withdrawal function to an external address.

1. Go to "Accounts" > "Crypto Wallet," select the cryptocurrency.
2. Tap "Transfer" > "Withdraw" > "External Wallet."
3. CRITICAL: Enter the correct destination wallet address and network (e.g., ERC20 for Ethereum). An error here can lead to permanent loss of funds.
4. Confirm, acknowledging the network fee (paid in the native crypto), which is not controlled by Crypto.com.

Pro Tips for a Smooth Experience

• Verify Early: Complete all identity verification steps beforehand to avoid delays.
• Start Small: For your first withdrawal from Crypto.com, test with a small amount to confirm the process and timing.
• Double-Check Details: Meticulously review all bank account numbers and crypto wallet addresses.
• Monitor Status: Track your withdrawal under "Transactions" in the app.

By following this guide, you can confidently get money out of Crypto.com. Whether you're taking profits, covering expenses, or simply moving assets, understanding this process empowers you to fully control your financial journey in the crypto space.