Crypto.com is a Singapore-based cryptocurrency exchange platform with over 80 million active users worldwide. Given its popularity, chances are you're either considering using this platform or already do—but aren’t sure how to withdraw funds.
Understanding how to withdraw money from Crypto.com is crucial for realizing profits from crypto investments. Since cryptocurrencies aren’t universally accepted, converting them to fiat remains essential. Below, we’ll walk you through withdrawing funds from Crypto.com to bank accounts or external wallets, compare its features to alternatives like Binance and Kraken, and share security tips.
Table of Contents
1. Preparing to Withdraw Funds
Before withdrawing, ensure you’ve completed KYC (Know Your Customer) verification. This involves submitting:
- A government-issued ID
- Proof of address
- Personal details
Unlike Binance or Kraken, Crypto.com requires transferring funds to its mobile app’s fiat wallet before withdrawal. Here’s how to set it up:
- Open the Crypto.com app → Tap "Fiat Wallet".
- Select “+ Set up a new currency” and choose your preferred fiat (e.g., USD, EUR).
- Link your bank account (process varies by currency).
- Deposit funds (most methods are fee-free, but check bank charges).
👉 Need a secure wallet? Explore top options here
Note: Deposits must precede withdrawals for certain currencies (e.g., GBP, BRL).
2. Withdrawing to a Bank Account
Crypto.com supports withdrawals in AUD, CAD, EUR, GBP, USD, BRL, TRY, and SGD. Below are key steps for major currencies:
2.1 Selling Crypto for Fiat
- Navigate to "Accounts" → Select crypto → Tap "Sell Crypto".
- Choose "Cash", enter the amount, and confirm.
- Proceeds will reflect in your fiat wallet.
2.2 USD Withdrawals via ACH
- Go to "Fiat Wallet" → "Transfer" → "Withdraw" → "USD".
- Add your bank account via ACH (5 accounts max).
- Confirm details—ACH withdrawals are free.
Limitations: Excludes New York-based accounts.
2.3 EUR Withdrawals via SEPA
- Follow steps above, selecting "EUR".
- Fees: €1.00 per withdrawal. Processing: 1–2 business days.
2.4 GBP Withdrawals via FPS
- Requires prior GBP deposit.
- Fees: £1.90 per withdrawal.
2.5 BRL Withdrawals
- Deposit BRL first.
- Withdraw to the same linked bank account.
3. Transferring Crypto to External Wallets
3.1 Whitelisting Wallet Addresses
- Go to "Accounts" → "Transfer" → "Withdraw" → "External Wallet".
- Add wallet address + network (e.g., ERC-20 for ETH).
- Verify via 2FA.
Tip: Double-check addresses—errors are irreversible.
3.2 Withdrawal Process
- Select whitelisted wallet → Enter amount → Confirm.
- Processing time: 2–3 hours.
3.3 Withdrawal Fees
| Crypto | Minimum Withdrawal | Fee |
|-------------|--------------------|--------------|
| BTC | 0.0012 | 0.0006 BTC |
| ETH | 0.01 | 0.005 ETH |
| USDC | 32 | 16 USDC |
👉 Compare fees across exchanges here
3.4 Security Tips
- Enable 24-Hour Withdrawal Lock for new addresses.
- Use 2FA for all transactions.
- Monitor unsolicited withdrawal emails—report scams immediately.
4. Comparing Withdrawal Methods
4.1 Bank Transfers
Pros:
- Secure and stable (fiat-backed).
- Ideal for everyday spending.
Cons:
- Slower (1–3 business days).
4.2 External Wallet Transfers
Pros:
- Faster (minutes to hours).
- Flexibility for trading/staking elsewhere.
Cons:
- Requires wallet management.
5. Crypto.com Features Overview
5.1 Ease of Use
- Mobile-only withdrawals may limit desktop users.
- Intuitive UI for beginners.
5.2 Supported Cryptocurrencies
- 320+ coins (vs. Binance’s 500+).
5.3 Fee Structure
- Trading fees: 0%–0.075%.
- Competitive but varies by currency.
6. Conclusion
Withdrawing from Crypto.com involves:
- KYC verification.
- Fiat wallet setup (mobile-only).
- Currency-specific bank transfers or external wallet withdrawals.
For alternatives with more fiat options or desktop support, consider Binance or Kraken. Always prioritize security with 2FA and address whitelisting.
7. FAQs
Q: How long do bank withdrawals take?
A: Typically 1–3 business days (SEPA/EUR) or instant (FPS/GBP).
Q: Can I withdraw without the mobile app?
A: No—Crypto.com requires the app for fiat withdrawals.
Q: Are there limits on withdrawals?
A: Yes, daily/monthly limits apply. Check your currency’s specifics in-app.
Q: What if I enter a wrong wallet address?
A: Funds may be lost. Always verify addresses before submitting.
Q: Does Crypto.com charge for deposits?
A: Usually no, but banks may impose fees.
Disclaimer: This guide is for informational purposes only. Consult a financial advisor before making investment decisions.