Crypto.com : How To Withdraw Money Direct To Bank Account With Fiat In 2022

How do I withdraw money from Crypto.com to a Fiat bank account? Do you want to know how to deposit money into a bank account from crypto.com? What are the fees, time it takes, and total process for a bank account in the United States, United Kingdom, Canada, or Australia? If that's the case, this article is for you.

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Crypto.Com is a cryptocurrency trading and investment platform that operates online.

It has more than ten million users in around 90 countries. It enables you to buy or sell more than 100 cryptocurrencies at their real price.

Not only that unlike most of the other available Cryptocurrency exchange platforms it offers you 14% interest rates on your Crypto assets. It’s also accessible as a mobile application for Android and iOS, the two most popular mobile operating systems.

However, we will not discuss this here; instead, we will provide you advice on how to withdraw money from Crypto.Com and deposit it into my bank account.

You can withdraw money, yes. However, most other Crypto exchange platforms make it difficult to transfer payments directly to your bank account.

However, if you wish to convert your Crypto assets to USD, EUR, or GBP and transfer them to a bank account, you can do so.

It can be done in two steps:

setup fait wallet

  1. Navigate to Withdraw, Crypto, and then external wallet after opening the app and clicking the transfer button.
  2. A withdrawal address must be added. To do so, select “+Add Wallet Address” from the drop-down menu.
  3. Now select Fiat wallet from the drop-down menu.
  4. Choose fiat wallet once more from the list of possibilities.
  5. Click “+Set Up New Currency” on the following screen.
  6. The Deposit fiat via bank transfer screen will now appear.
  7. There you can select your country’s currency. Take the US dollar as an example.
  8. After you’ve finished setting up your wallet, go ahead and fill in your bank account details.

You’re now ready to send crypto to the address you just created.

Money should be transferred to the bank account

  1. Before sending money, double-check that your address is on the Whitelist. If you don’t, the Withdrawal will not work.
  2. Select Transfer > Withdraw > Fiat > United States Dollar from the drop-down menu.
  3. If your bank account has not yet been added, select the option to add a bank account.
  4. Continue by pressing the continue button.
  5. Find and select the bank to which you will be transferring funds.
  6. Fill in your Internet banking login information.
  7. Choose the account to which you want to send money.
  8. Now, type the amount you want to deposit into your bank account.
  9. Now press the Withdraw button to make a withdrawal.

To send money, you must have at least $100 in your Crypto.Com account.

How long does it take to get money out of your account?

Money will be credited to your bank account within 3-5 days after you submit a request for a USD withdrawal.

How much does it cost to make a withdrawal?

If you withdraw USD from your Fiat wallet to your bank account, you will be charged withdrawal fees.

Transferring funds to a cryptocurrency wallet

You can send Crypto to whatever wallet you want, not just the USD/EUR one.

Here’s how to get your coin from crypto.com and into your wallet:

  1. Log in to your account at Crypto.Com or through the mobile app.
  2. There, click the transfer button and select Withdraw from the drop-down menu.
  3. Select Crypto and then External Wallet from the drop-down menu.
  4. Tap on withdrawing after you’ve found the withdrawal address.
  5. You will see the Cryptocurrency as it has been transferred to the wallet of your choice once the transaction has been processed on the blockchain.
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