How to Withdraw Cash from Crypto.com: Your Complete Guide

To withdraw cash from Crypto.com, you essentially have two main paths: transferring fiat currency like USD, EUR, or GBP directly to your linked bank account, or using your Crypto.com Visa Card at an ATM after topping it up. Both methods require some setup and understanding of fees and limits, but they’re totally doable once you get the hang of it. We’ll break down everything you need to know, from selling your crypto to getting that money into your hands. And hey, if you’re looking to explore other trading platforms with some sweet rewards, don’t miss out on 👉 Easy Trading + 100$ USD Reward.

So, you’ve been dabbling in crypto, maybe you’ve made some gains, or perhaps you just need to access some funds. Whatever the reason, getting your money out of Crypto.com and into your real-world bank account or even straight cash from an ATM can feel a bit like cracking a secret code the first time you try it. But trust me, it’s not that complicated. I’ve seen a lot of people get stuck, so I’m here to walk you through it step-by-step, making sure you understand all the ins and outs, from fees to processing times. We’re going to talk about the two main ways to turn your digital assets into good old fiat currency that’s cash, essentially.

First off, you’ll usually need to convert your crypto into a traditional currency like USD or EUR within the Crypto.com app. Once you have that “fiat” money, you can then either send it directly to your bank account or load it onto your Crypto.com Visa Card to withdraw from an ATM. Each method has its own little quirks, so let’s get into the nitty-gritty.

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Understanding Your Options: Fiat vs. Crypto Withdrawals

Before we dive deep, it’s important to quickly differentiate between withdrawing fiat and withdrawing crypto.

• Fiat Withdrawal: This is what most people mean when they say “withdraw cash.” It involves converting your cryptocurrency like Bitcoin or Ethereum into a traditional currency like US Dollars, Euros, or British Pounds and then sending that money to your personal bank account. You can also load fiat onto your Crypto.com Visa Card.
• Crypto Withdrawal: This means moving your cryptocurrency from your Crypto.com wallet to an external crypto wallet or another exchange. While you’re still moving digital assets, you’re not actually “cashing out” into traditional money. This guide focuses primarily on getting actual cash, so we’ll spend more time on fiat withdrawals, but I’ll touch on crypto withdrawals briefly at the end.

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Cashing Out to Your Bank Account Fiat Withdrawal

This is probably the most common way people get cash from their Crypto.com holdings. It involves selling your crypto for fiat currency, and then sending that fiat money to your bank.

Setting Up Your Fiat Wallet and Linking Your Bank

Before you can send any money to your bank, you need a Fiat Wallet set up in the Crypto.com app, and you need to link your bank account to it. Think of the Fiat Wallet as a temporary holding spot for your traditional currency inside the app.

1. Complete KYC Verification: This is a big one. To comply with financial rules and keep things secure, Crypto.com requires all users to complete their Know Your Customer KYC verification. This usually means providing your name, address, and a government-issued ID. You won’t be able to withdraw fiat without it.
2. Open Your Fiat Wallet: In the Crypto.com app, go to the “Accounts” tab at the bottom, then tap on “Fiat Wallet.” If you don’t have one set up yet, the app will guide you through creating it. You’ll choose your preferred fiat currency USD, EUR, GBP, etc..
3. The Crucial First Deposit to Link Your Bank: Here’s a trick many people miss: you usually need to make a small deposit from your bank account to your Crypto.com Fiat Wallet first to get that bank account linked for withdrawals. This helps Crypto.com verify your bank account and ensures the funds are sent back to the correct, verified owner.
   • To do this, within your Fiat Wallet, tap “Transfer,” then “Deposit,” and choose your fiat currency. You’ll see bank details like IBAN, SWIFT/BIC, or ACH routing numbers for Crypto.com. Use these details to send a small amount check the minimum, often around $50 USD from the bank account you want to withdraw to later. This links the account.
   • Important: Make sure the name on your bank account exactly matches the name on your Crypto.com account. If they don’t, your transfer might get rejected, which is a headache nobody needs!

Step-by-Step Guide: Selling Crypto to Fiat

Once your Fiat Wallet is ready and your bank account is linked, you can convert your crypto into cash. Where to buy drmtlgy

1. Open the Crypto.com App: Log into your account.
2. Go to “Accounts”: Find the “Accounts” tab at the bottom.
3. Select “Crypto Wallet”: This shows you all your different cryptocurrencies.
4. Choose the Cryptocurrency You Want to Sell: Tap on the specific crypto e.g., Bitcoin, Ethereum, USDC that you want to convert into cash.
5. Tap “Sell”: You’ll see an option like “Sell,” “Trade,” or a “…” menu where you can find the sell option.
6. Choose “Cash”: When asked what you want to sell your crypto for, select “Cash” or your specific fiat currency, like USD.
7. Enter the Amount: Input how much of your crypto you want to sell. You can choose a specific amount or select “Max” to sell it all. The app will show you how much fiat currency you’ll receive.
8. Review and Confirm: Double-check all the details, including the amount and the fiat currency you’re getting. Tap “Confirm” you might need to enter your passcode or verify with 2FA.

A quick heads-up on “Spread”: When you sell crypto in the app, you’ll notice a slight difference between the listed market price and the price you actually get. This difference is called the “spread,” and it’s essentially how the app makes a profit on instant trades. It’s not a direct fee, but it does mean you’ll receive a little less than the absolute market price. This is pretty common across many user-friendly apps, but it’s good to be aware of. For potentially better rates, some users prefer selling on the Crypto.com Exchange if available in your region instead of the main app, but that’s a more advanced step.

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

Now that your crypto is in your Fiat Wallet as traditional currency, it’s time to send it to your bank.

1. Open the Crypto.com App: Log in again.
2. Go to “Accounts”: Tap the “Accounts” tab.
3. Select “Fiat Wallet”: You should now see your fiat balance e.g., USD, EUR.
4. Tap “Transfer”: This option is usually at the top right or within the wallet details.
5. Select “Withdraw”: Then choose your specific fiat currency e.g., “Withdraw USD”.
6. Review Withdrawal Information: The app will show you important information about the process, limits, and potential fees. Read it carefully, then tap “Got it” or “Withdraw Now.”
7. Enter Withdrawal Amount: Type in how much money you want to send to your bank.
8. Select Your Linked Bank Account: Choose the bank account you previously linked remember that first deposit step!.
9. Confirm the Transaction: Review everything one last time. Tap “Confirm” and complete any security checks like 2FA or SMS OTP.

Crypto.com will then process your request. You’ll usually see the status update in the app, and they’ll notify you when the money has been sent.

Fees and Processing Times for Bank Transfers

This is where things can vary quite a bit depending on your location and the currency you’re withdrawing.

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• USD ACH Transfers – United States: Typically takes 1 to 5 business days, often 3-5 business days.
• EUR SEPA Transfers – Europe: Usually takes 1 to 2 business days.
• GBP Faster Payment Service – UK: Often instant or just a few hours.
• BRL PIX – Brazil: Frequently instant, but can take up to 24 hours.
• General: Expect 1-5 business days, varying by your country and bank.

Withdrawal Fees from Crypto.com:

• USD ACH: No fee from Crypto.com’s side. Your bank, however, might charge you.
• USD Wire Transfer/SWIFT: A significant $45 fee per withdrawal for retail users. This is usually for larger amounts or if ACH isn’t an option.
• EUR SEPA: No fee from Crypto.com. Your bank might have its own small fee.
• GBP FPS: While historically free, Crypto.com introduced a £1.90 withdrawal fee for GBP withdrawals effective January 29, 2024.
• Other Fiat Currencies: Fees can vary. Always check the Crypto.com app’s “Fees & Limits” section for the most current information for your specific currency and region.

Withdrawal Limits:

• For fully verified accounts, there’s a daily maximum fiat withdrawal limit of $1,000,000 USD. However, your specific daily or monthly limits might also depend on your verification level and local regulations, so always check your app.

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Getting Cash with the Crypto.com Visa Card ATM Withdrawal

If you have a Crypto.com Visa Card, this can be a super convenient way to get cash directly from an ATM, skipping the bank transfer wait times. It works pretty much like any other debit card.

How the Card Works

The Crypto.com Visa Card is a prepaid debit card. This means it needs to be topped up with funds before you can use it. You can top it up with fiat currency from your Fiat Wallet, which you would have gotten by selling your crypto. It’s not directly pulling crypto from your wallet. it’s pulling the fiat currency you’ve loaded onto it. Massage chair qatar price

Step-by-Step Guide: Topping Up Your Card

Before heading to an ATM, you need to load your card:

1. Open the Crypto.com App: Log in.
2. Go to the “Card” Tab: This is usually located at the bottom of the app.
3. Tap “Top Up”: You’ll see this option prominently displayed.
4. Choose Your Funding Source:
   • From Fiat Wallet: This is the most common method if you’ve already sold crypto to fiat. Select your fiat currency e.g., USD, EUR.
   • From Crypto Wallet: You can also directly top up by selling crypto, but this often involves the “spread” we talked about earlier.
5. Enter the Amount: Input how much money you want to load onto your card.
6. Confirm: Review the details and confirm the top-up. The funds should be available on your card almost instantly.

Using Your Card at an ATM

Once your Crypto.com Visa Card is topped up:

1. Find a Visa-Supported ATM: Look for any ATM that displays the Visa logo.
2. Insert Your Card: Follow the on-screen prompts.
3. Enter Your PIN: Make sure you know your card’s PIN.
4. Select “Withdrawal” or “Cash Withdrawal”: Choose the amount you want to withdraw.
5. Confirm the Transaction: Take your cash and your card.

ATM Withdrawal Fees and Limits

This is a critical section to understand to avoid surprises. Crypto.com cards come with monthly free ATM withdrawal limits based on your card tier. After you hit that limit, a fee kicks in.

Monthly Free ATM Withdrawal Limits approximate, check your app for exact region-specific limits:

• Midnight Blue Card: ~$200 / €200
• Ruby Steel Card: ~$400 / €400
• Jade Green / Royal Indigo Card: ~$800 / €800
• Icy White / Frosted Rose Gold Card: ~$800 / €800
• Obsidian Card: ~$1,000 / €1,000

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• If you go over your monthly free ATM withdrawal limit, Crypto.com charges a 2% fee on the withdrawal amount.
• Third-Party ATM Fees: On top of Crypto.com’s fees, many ATMs especially those not associated with a specific bank where you hold an account will charge their own “surcharge fee.” This is entirely separate from Crypto.com’s fees. Be aware of these. the ATM should notify you of any such fees before you confirm the transaction.

Daily and Monthly ATM Withdrawal Limits approximate, check your app:

• Midnight Blue Card: Daily ~$200 withdrawal limit, overall monthly limit around $15,000 includes POS purchases, ATM, card-to-card transfers.
• Ruby Steel Card: Daily ~$400 withdrawal limit, overall monthly limit around $25,000.
• Jade Green / Royal Indigo Card: Daily ~$1,000 withdrawal limit, overall monthly limit around $25,000.
• Obsidian Card: Daily ~$2,000 withdrawal limit, overall monthly limit around $25,000.

Remember, these limits can vary by region and card tier, and they reset on a calendar basis monthly limits reset on the 1st of each month. It’s always smart to check the latest information directly in your Crypto.com app or on their help center for your specific card tier and country.

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Important Considerations for Smooth Withdrawals

To make sure your withdrawal experience is as smooth as possible, keep these points in mind:

Security Best Practices

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• Two-Factor Authentication 2FA: Always have 2FA enabled for your Crypto.com account. This adds an extra layer of security beyond just your password.
• Passkeys and SMS OTP: For withdrawals, you’ll often need to verify with a passkey or an SMS One-Time Password OTP. Don’t share these with anyone.
• Address Whitelisting for Crypto Withdrawals: If you ever withdraw crypto to an external wallet, Crypto.com requires you to “whitelist” the address first. There might be a 24-hour lock on newly whitelisted addresses for security. This is a great feature to protect against unauthorized transfers.
• Strong, Unique Passwords: Obvious but crucial!

Common Withdrawal Issues & Troubleshooting

Sometimes things don’t go perfectly. Here are a few common hiccups and what to do:

• Withdrawal Not Showing Up:
  • Check Processing Time: Fiat transfers can take a few business days. If it’s within the expected window, just be patient.
  • Contact Your Bank: Sometimes your bank might hold the funds for review, especially if it’s an international transfer or from a crypto platform.
  • Contact Crypto.com Support: If it’s been longer than the stated processing time, reach out to Crypto.com support. They can usually track the transaction.
• Fiat Wallet Not Available:
  • Make sure you’ve completed KYC verification.
  • Ensure Fiat Wallets are supported in your region for the currency you’re trying to use.
• Withdrawal Limit Reached:
  • Check your daily/monthly limits in the app. You might need to wait for the next period to withdraw more.
  • Verify your account to the highest level possible, as this often increases limits.
• Bank Account Not Linked/Rejected:
  • Did you make that initial small deposit from your bank to Crypto.com? This is key for linking.
  • Does the name on your Crypto.com account exactly match the name on your bank account? This is a common reason for rejection.
  • Some banks might not accept deposits from crypto exchanges. If you keep hitting a wall, you might need to try a different bank.

Geographic Restrictions and Supported Currencies

Crypto.com operates globally, but the exact services, supported fiat currencies, fees, and processing methods can vary significantly by country due to local regulations. Always verify what’s available in your specific region directly in the app or on the Crypto.com help center. For instance, USD withdrawals via ACH are primarily for US residents, while SEPA is for Europe.

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Alternative: Withdrawing Crypto to an External Wallet

While this guide focuses on “cash,” it’s worth a quick mention that you can also move your crypto assets off Crypto.com to an external wallet or another exchange. This doesn’t convert them to cash, but it gives you control over your digital assets elsewhere.

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1. Go to “Accounts” > “Crypto Wallet.”
2. Select the crypto you want to send.
3. Tap “Transfer” > “Withdraw” > “External Wallet.”
4. Add or select a whitelisted wallet address make sure it’s the right network!.
5. Enter the amount and confirm.

Key points for crypto withdrawals:

• Network Fees: You’ll pay a small network fee also called a gas fee for some blockchains, which varies depending on the cryptocurrency and network congestion.
• Processing Time: Most crypto withdrawals process within 2-3 hours, sometimes instantly for internal transfers to the Crypto.com Exchange. Network congestion can cause delays.
• Double-Check Addresses: Crypto transactions are irreversible. If you send to the wrong address, your funds are usually lost forever. Always triple-check the address and the network!

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Frequently Asked Questions

How long does it take to withdraw money from Crypto.com to a bank account?

Fiat withdrawals to a bank account can take anywhere from 1 to 5 business days, depending on your country, the specific fiat currency, and the bank transfer method used. For example, USD ACH often takes 3-5 business days, while EUR SEPA typically takes 1-2 business days, and GBP Faster Payment Service can be instant or a few hours.

Are there fees to withdraw cash from Crypto.com?

Yes, there can be fees, but they vary. For fiat withdrawals to a bank account, Crypto.com generally doesn’t charge fees for USD ACH or EUR SEPA, though your bank might. However, there’s a $45 fee for USD SWIFT withdrawals, and a £1.90 fee for GBP withdrawals was introduced in early 2024. For ATM withdrawals using the Crypto.com Visa Card, you get a monthly free limit based on your card tier, after which a 2% fee applies from Crypto.com, plus potential third-party ATM surcharges.

Can I withdraw cash directly from Crypto.com without a bank account?

No, you generally can’t withdraw physical cash directly from Crypto.com. The primary methods are transferring fiat currency to a linked bank account or using your Crypto.com Visa Card at an ATM. Both of these rely on having either a bank account or a prepaid card. Where to Buy Air Conditioner Capacitors: Your Go-To Guide for a Cooler Home

What are the daily ATM withdrawal limits for the Crypto.com Visa Card?

The daily ATM withdrawal limits depend on your Crypto.com Visa Card tier. For example, the Midnight Blue card has a daily ATM withdrawal limit of around $200, while higher tiers like Jade Green/Royal Indigo can be around $1,000. There are also monthly free withdrawal limits and overall spending caps. Always check the specific limits for your card tier in the Crypto.com app.

Do I need to sell my crypto before withdrawing to my bank account?

Yes, if you want to withdraw cash to your bank account, you first need to sell your cryptocurrency for a supported fiat currency like USD, EUR, GBP within the Crypto.com app. This converts your digital assets into traditional money, which then sits in your Fiat Wallet, ready to be transferred to your bank.

Why do I need to make a deposit to Crypto.com to link my bank account for withdrawals?

Crypto.com often requires you to make a small, initial deposit from your bank account to your Fiat Wallet before you can withdraw to that same bank account. This is a security measure to verify that you are the legitimate owner of the bank account and to establish a trusted link for future withdrawals.

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