How to withdraw money from Crypto.com6 min read

Crypto withdrawal is something many people want to do after earning cryptocurrency. You can transfer cryptocurrencies from Crypto.com to another address so that you can use them on another platform or store them there. But what is Crypto.com, and how do you withdraw your money from Crypto.com? If you’re using the app but don’t know how to cash out, this article will help.

What is Crypto.com?

Crypto.com is a reliable cryptocurrency trading platform. It has been around since 2016 and has over 90 cryptocurrencies available to US merchants and over 60 fiat currencies. People in over 80 countries can access it.

Crypto.com is a great option for more experienced traders. The exchange isn’t the hardest to use, but it can be overwhelming at first because of the website. It offers a digital wallet and optimal security. Moreover, it is a fairly inexpensive alternative to other cryptocurrency trading platforms.

Investors can use Crypto.com to buy and sell various cryptocurrencies. They can keep their funds stored in their account or transfer them through different means, such as wire transfer, ACH withdrawal, and credit card.

Crypto.com also has many products available that offer things like home cryptocurrency payment, Visa cards, and various ways to earn cryptocurrencies. Also, unlike other popular cryptocurrency exchanges, Crypto.com does not serve as an educational platform. It does not provide educational material but offers its services with the certainty that the client already has the necessary knowledge.

Crypto.com is also an extremely secure platform as it has Federal Deposit Insurance Corporation insurance for dollar balances, theft or damage insurance, and two-factor authentication. Crypto.com also claims that it stores all of its coins in cold storage.

Some of the currencies you can trade on Crypto.com include:

1inch, Axie, Bitcoin, Cardano, Chainlink, DigiByte, Enjin Coin, Ethereum, Golem, Harmony, Litecoin, Nano, Origin, Polygon, Rarible, Ravencoin, SHIBA INU, Stratis, Tellor, Terra, Uniswap, USD Coin amongst others.

How do I withdraw money from Crypto.com?

Withdrawing your money from Crypto.com can be done in several steps. Here are the required steps you need to take if you want to withdraw your money:

Step 1: Open the Crypto.com app.

Step 2: Connect a preferred bank account if you haven’t already. However, if you already have a connected bank account, click Transfer. It can be found in the crypto account balance.

Step Three: At the bottom of the screen, you will see a pop-up window that offers two options, “deposit” and “withdrawal,” respectively.

Step Four: Select “Withdrawal.”

Step Five: Two options will appear on the screen: “Crypto” and “Fiat.”

Step Six: Choose the “Fiat” option, which has the description “Withdraw Fiat to your bank account.”

Step Seven: Select your preferred currency. E.g., USD

Step Eight: Once you have finished selecting your desired currency, you can enter the amount of money you wish to withdraw.

Step Nine: After you have entered the amount you wish to withdraw, you can select “Withdraw.”

Step Ten: You will now see a confirmation screen when you click on the “Withdraw” button, where you can see the amount withdrawn. It also shows any fees, processing time, the recipient, and the total amount you finally withdrew.

Nonetheless, there are limitations on how much you can withdraw each month, so keep that in mind before proceeding. You can withdraw around $50,000 each month. You cannot even withdraw less than $100. If you try, they’ll let you know.

How to withdraw cryptocurrencies from Crypto.com

Withdrawing your crypto from Crypto.com is possible if you are a beginner or above. Here are the steps to withdraw your cryptocurrency:

  1. Log into crypto.com/exchange and log into your account.
  2. Once you have successfully logged into your account, click on “Balance.” It’s in the upper right corner.
  3. Find the crypto you want to withdraw and select “Withdraw.”
  4. You will need to choose between two ways to withdraw cryptocurrencies: withdrawal to an external address or withdrawal to your Crypto.com app if you have connected the app in exchange.
  5. If you want to withdraw from an external address, you must first add a withdrawal address. You need to ensure that you have selected the correct currency to do this. You will then see the relevant addresses when you want to withdraw your cryptocurrency. Add a tag to this address and enter your Google verification code. Save the address at the end.
  6. Choose your withdrawal address from the drop-down list and check the amount you want to withdraw again.
  7. Choose “Withdrawal Review” when ready.
  8. Review your data. Please note that the amount you receive will be the amount that remains after you have been charged a withdrawal fee if any.
  9. Choose “Confirm withdrawal.” The withdrawal process can sometimes take up to two hours.

Benefits of Crypto.com

Automatic withdrawals

User repositories are kept in cold storage by Crypto.com for security reasons. But when you initiate a withdrawal request, it is automated for all cryptocurrencies. What’s even better is that most withdrawals are made instantly and usually take no more than two hours to process.

Security

Two-factor authentication will be required to authorize addresses and initiate encryption removal.

Whitelist

The withdrawal address whitelist is necessary to increase the security of your funds whenever you want to transfer to new addresses. To do this, you will need to select the TRANSFER button, then go to “Withdrawal,” then “Encryption,” then “External wallet.”

Then click “+ Add Wallet Address.” Choose the cryptocurrency you want to withdraw and paste, type, or scan the withdrawal address. Give your wallet a name and select “CONTINUE.” You will need to enter a 6-digit one-time verification code generated by your authenticator app. Then you can repeat these steps to save a whitelist with all recovery addresses.

You should also remove spaces before or after characters whenever you enter your addresses. 

Confirmation

Once you have received a confirmation of your withdrawal address, you will receive a confirmation of your withdrawal request. It is important to check your email to find it. This shows that Crypto.com has confirmed receipt of your request and will contact you as soon as possible. Once the request has been processed, you will receive a different notification.

Warning

If you receive an email regarding something you did not request, such as deleting your cryptocurrency or whitelisting, please contact the Crypto.com support ASAP. They will disable all crypto transactions, change your password and even cancel the withdrawal request.

Conclusion

Withdrawing money or cryptocurrency from Crypt.com is easy if you follow the right steps. We hope you found our guide on withdrawing from Crypto.com helpful, and now you can withdraw cash/cryptocurrency quickly and safely.