Crypto.com is a Singapore-based cryptocurrency exchange with 80 million active users worldwide. Given its popularity, you might be considering using this platform or have already used it but need guidance on withdrawing funds.
Withdrawing your crypto profits is crucial, especially since cryptocurrencies aren’t yet widely accepted, and we still rely heavily on fiat currencies. That’s why I’ll guide you through how to withdraw from Crypto.com to your bank account or an external crypto wallet.
We’ll also compare Crypto.com’s features to alternatives like Binance, Kraken, and Bybit. Let’s start with the preparatory steps.
Table of Contents
- 1. Preparing for Withdrawal
- 4. Withdrawal Method Comparison
- 5. Exploring Crypto.com’s Features
- 6. Conclusion
- FAQs
1. Preparing for Withdrawal
Before withdrawing, complete KYC (Know Your Customer) verification, which requires submitting personal details like an ID photo and proof of address. Unlike Binance or Kraken, Crypto.com doesn’t support direct fiat withdrawals from the exchange. Instead, transfer funds to the Crypto.com app, create a fiat wallet, and withdraw from there.
Supported fiat currencies: AUD, CAD, EUR, GBP, USD, BRL, TRY, SGD.
Steps to create a fiat wallet:
- Open the Crypto.com app → Tap Fiat Wallet.
- Select + Set up new currency and choose your preferred fiat.
- Link your bank account and deposit funds (usually fee-free).
2. How to Withdraw from Crypto.com to Your Bank Account
2.1. Selling Crypto for Fiat
- Open the app → Accounts → Select your crypto.
- Tap Sell Crypto → Choose Cash.
- Enter the amount and confirm the transaction.
2.2. USD Withdrawals via ACH
- Go to Fiat Wallet → Transfer → Withdraw USD.
- Link your bank account (max 5 accounts).
- Confirm withdrawal (free of charge).
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2.3. EUR Withdrawals via SEPA
- Navigate to Fiat Wallet → Withdraw EUR.
- Enter the amount and select your bank account.
- Fee: 1 EUR per withdrawal.
2.4. GBP Withdrawals via Faster Payments (FPS)
- Follow steps similar to EUR withdrawals.
- Fee: £1.9 per withdrawal.
2.5. BRL Wallet Withdrawals
- Withdrawals require prior BRL deposits to the same bank account.
- Processing time: ~1 business day.
3. How to Withdraw Crypto to an External Wallet
3.1. Whitelisting Withdrawal Addresses
- Go to Accounts → Select your crypto wallet.
- Tap Transfer → Withdraw → External Wallet.
- Add a new address and verify via 2FA.
3.2. Withdrawing Crypto to an External Wallet
- Select the whitelisted address.
- Enter the amount and confirm (processing time: 2–3 hours).
3.3. Crypto Withdrawal Fees
| Currency | Min Withdrawal | Fee |
|----------------|----------------|--------------|
| BTC | 0.0012 | 0.0006 BTC |
| ETH | 0.01 | 0.005 ETH |
3.4. Security Tips
- Enable 24-Hour Withdrawal Lock for new addresses.
- Beware of phishing attempts.
4. Withdrawal Method Comparison
| Method | Pros | Cons |
|----------------------|-------------------------------|-------------------------------|
| Bank Withdrawal | Secure, fiat accessibility | Slower (1–3 business days) |
| External Wallet | Fast, crypto flexibility | Requires wallet management |
5. Exploring Crypto.com’s Features
- Ease of Use: Mobile-only (no desktop withdrawals).
- Supported Cryptos: 320+ (vs. Binance’s 500+).
- Fees: 0%–0.075% trading fees; low withdrawal costs.
6. Conclusion
Withdrawing from Crypto.com involves either bank transfers (for fiat) or external wallet transfers (for crypto). While the platform is user-friendly, alternatives like Binance offer more flexibility. Always prioritize security and verify withdrawal details.
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FAQs
1. How long do Crypto.com withdrawals take?
- Bank transfers: 1–3 business days.
- Crypto withdrawals: 2–3 hours.
2. Are there withdrawal limits?
Yes, limits vary by currency and account tier. Check the app for details.
3. Can I withdraw to PayPal?
No, Crypto.com doesn’t support PayPal withdrawals.
4. What’s the cheapest withdrawal method?
ACH (USD) and some crypto networks have minimal fees.
5. Is whitelisting mandatory for crypto withdrawals?
Yes, for security reasons.
6. How do I contact support for withdrawal issues?
Use the in-app chat under Customer Support.