How to Withdraw from Crypto.com to Your Bank Account

Published: April 18, 2024 | Last Updated: April 22, 2024

Hudson Kisia

Hudson Kisia has been researching and writing content for ElementalCrypto since 2022. He has been writing about crypto, blockchains, and mining for more than 5 years now.

In this guide I will walk you through how to withdraw from crypto.com to your bank account.

Crypto.com is one of the few online cryptocurrency exchange platforms that support a wide variety of digital assets including more than 250 crypto assets and 20 fiat currencies. This means that you can easily convert your crypto funds to the fiat currency of your choice.

The step-by-step guide

Crypto.com website
Crypto.com website

In this step-by-step guide, I will demonstrate how to withdraw your crypto funds from Crypto.com to your bank account.

Since the BTC-USD pair is the most common crypto-to-fiat pair on most cryptocurrency platforms, I will use Bitcoin and USD digital currencies to demonstrate the bank withdrawal process.

The bank withdrawal process

Eventually, after successful trading and investing, you would like to withdraw your gains from the Crypto.com exchange wallet to your bank account.

The following 4-step withdrawal process will ensure that your withdrawals successfully land in your bank account:

1. Set up ACH direct deposit

Crypto.com mobile app
Crypto.com mobile app

For an effective bank transfer, you need to set up your ACH direct deposit.

The following easy steps will ensure that you’ve properly set your account for successful ACH transfers:

  1. Go to the ‘Accounts’ section on your Crypto.com website or Crypto.com app
  2. Click/Tap on ‘fiat wallet’
  3. Click/Tap on ‘US Dollars’
  4. In the ACH transfer section, Click/Tap on ‘Set up’
  5. After reading and agreeing to the terms and conditions, Click/Tap on ‘Next’
  6. Go through and understand the requirements for commencing an ACH direct deposit
  7. Link your bank account to the Crypto.com USD fiat wallet

2. Link your bank account

Linking bank account on Crypto.com
Linking bank account on Crypto.com

Once you’ve set up the ACH direct deposit in the first step, the next step is to link your bank account.

To link your bank account, take the following action steps:

  1. Login to your Crypto.com account
  2. Navigate to the ‘fiat wallet’ page
  3. Choose the ‘Add Bank Account’ option
  4. Enter the required bank account details, including the account number
  5. Wait for bank account verification by Crypto.com
  6. After successful verification, your bank account will now be linked

3. Convert your crypto to fiat

With ACH direct deposit properly set and your bank account successfully linked, the time is ripe to convert your crypto funds to fiat money. This requires you to sell your crypto for cash.

Inserting USD withdrawal amount on Crypto.com
Inserting USD withdrawal amount on Crypto.com

To sell your crypto for cash, take the following steps:

  1.  On the Crypto.com app home page, select ‘Accounts’
  2. Then, select ‘Fiat Wallet’
  3. Next, select ‘Sell Crypto’
  4. Afterward, select the crypto assets you would like to sell to receive the USD
  5. Then, select ‘Cash’
  6. In the dialog box, enter the amount of crypto you wish to convert
  7. Verify the transaction details on the Confirmation window that will pop up
  8. Complete the sell transaction to receive your USD funds

4. Submit your cash withdrawal request

Crypto.com withdrawal request
Crypto.com withdrawal request

After successfully converting your crypto assets to your desired amount of fiat money, the next step is to withdraw your cash to the bank. To make a USD bank transfer on Crypto.com, you will need to submit a USD withdrawal request.

You can make this request by taking the following steps:

  1. On the Crypto.com app home page, select ‘Transfer’
  2. Click/Tap on ‘Withdraw’ and then choose ‘Fiat’
  3. Click/Tap on your USD balance and then select ‘Withdraw USD’
  4. Next, select your bank account to receive the USD being transferred
  5. Confirm the withdrawal by Tapping/Clicking on the ‘Confirm’ button
  6. Wait for your withdrawal request confirmation
  7. If the request is accepted, wait for the funds to arrive in your bank account. This will take 3-5 business days. Upon successful transfer, you will be notified via your email address.

What if your bank account is not linkable to Crypto.com?

Not all banks can be linked to Crypto.com. Crypto.com has a list of banks that can be linked to it. Also, even though some banks may be linkable to Crypto.com, they may decline specific transactions from Crypto.com due to several security and jurisdictional considerations.

In case this is your situation, don’t worry. You can overcome this challenge by transferring your crypto to an external wallet that is linkable to your bank account.

To do this, you will need to take the following steps:

1. Link your external wallet

The first step to transferring your crypto assets from Crypto.com to an external digital wallet is to link your external wallet to your Crypto.com exchange wallet.

To achieve this, take the following actions:

  1. Have your external crypto wallet ready. External non-custodial wallets are preferred over the custodial wallets hosted by crypto exchanges.
  2. Log in to your Crypto.com account and head to the ‘Wallet’ page
  3. Click/Tap on the ‘Transfer’ tab
  4. Next, select ‘Withdrawal’
  5. Then, choose ‘External Wallet’
  6. On the ‘Withdrawal Address Allowlisting’ that comes up, click/tap on the ‘+’ button
  7. Choose ‘Wallet Address’ and insert your external address (the BTC wallet address). You can also capture the QR Code of your receiving address, if available.
  8.  Save your newly added withdrawal address under a memorable label for future use
  9. Press ‘Continue’ to complete the linking process
  10. Wait for the confirmation email from Crypto.com

2. Withdraw your crypto to the external wallet

Once you have linked your external wallet to your Crypto.com wallet, it is now easy to transfer your crypto digital assets.

To initiate the cryptocurrency transfer process, take the following actions:

  1. Navigate to the ‘Wallet’ page on the Crypto.com website or mobile app
  2. Select the crypto to withdraw
  3. Choose ‘Transfer’
  4. Next, select ‘Withdraw’
  5. Then, choose ‘Transfer’
  6. Click/Tap ‘Withdraw BTC’, or change to your preferred crypto
  7. Insert the amount of money you want to withdraw
  8. Thoroughly review withdrawal details. Confirm them, once satisfied
  9. Complete the two-factor authentication
  10. After completing the two-factor authentication, wait for the crypto funds to be transferred to your external wallet

3. Convert your crypto to fiat money

After successfully withdrawing your crypto funds from Crypto.com to your external wallet, the next step is to convert the cryptos to fiat money.

4. Withdraw from your external wallet to your bank account

The final step is to transfer your fiat money from your external fiat wallet to your bank account.

Important things to note

For both crypto.com users and crypto enthusiasts who would like to get the best from crypto.com facilities, the following are important things to note:

1. Crypto.com withdrawal notes to keep in mind

For successful crypto transfers on Crypto.com, you need to take note of the following during the transfer process:

  • The crypto withdrawal method determines the amount of withdrawal fee charged by Crypto.com.
  • The withdrawal method also determines the processing time. Generally, the fiat withdrawal method takes several days longer than the crypto withdrawal method.
  • Fiat withdrawal method, especially bank wire transfer, may necessitate requisition of additional information such as Social Security Number and bank account verification.
  • Errors in your data entry, especially for crucial information regarding your online banking credentials, may trigger stringent measures for security reasons. Such measures may include phone number verification, two-factor authentication via Google verification code, and a 24-hour withdrawal lock, among others. This is why it is important to thoroughly verify your data entry before submitting it.
  • The minimum amount you can withdraw is subject to the minimum withdrawal limit depending on the type of wallet. For the USD wallet, the minimum withdrawal amount is $100 per request.

2. Crypto.com fiat wallets that you can use

Crypto.com support for fiat wallet is not just confined to the USD wallet. The following are the other fiat currency wallets that you may use:

  • EUR wallet
  • CAD wallet 
  • GBP wallet
  • AUD wallet 
  • SGD wallet
  • TRY wallet
  • BRL wallet 

3. Crypto.com features you can take advantage of

No doubt that Crypto.com is a popular choice for crypto enthusiasts and starter-level investors. Why? The following are the features that make any seasoned trader find this the right place for trades:

  • Highly intuitive and user-friendly interface that makes it easy to access your digital assets without a hassle. This saves lots of investment time.
  • A straightforward process that minimizes the risk of making costly errors.
  • A wide array of crypto coins makes it easy to diversify your investment. For a complete list of cryptocurrencies supported, visit the Crypto.com website.
  • A transparent fee structure that makes it easy to find out how much you would incur
  • Competitive fees that make you spend less
  • Multiple fiat currencies support that makes it likelier to find your preferred currency
  • A crypto debit card linked to the Crypto.com wallet. This makes it easy for Crypto.com users to do shopping using their bitcoins.  

Also see

Hudson Kisia has been researching and writing content for ElementalCrypto since 2022. He has been writing about crypto, blockchains, and mining for more than 5 years now.

Learn About a New
Coin Every Week

Learn About a New
Coin Every Week

Master Crypto Basics

Join over 7,300 subscribers. It’s free.

elementalcrypto newsletter benefits