How to Withdraw Money from Crypto.com to Your Bank Account

Imagine you’ve made some good gains in crypto trading or simply want to access your crypto funds. The next step is to withdraw them into your bank account—a seemingly simple task but one that can be riddled with uncertainty if you’re new to crypto. This guide will walk you through the exact steps to withdraw money from Crypto.com to your bank account with precision and ease.

Why Withdrawal Is Important

Crypto is still growing, and while it’s thrilling to see your investment multiply, you need liquidity to take profits. That means turning digital assets into real cash. A lot of users have found themselves stuck because they weren’t familiar with the withdrawal process. Here’s what you don’t want: losing time or, worse, losing funds. So, let's talk about how to do this the right way.

1. Verify Your Crypto.com Account

Before you can move any funds out of Crypto.com, your account must be fully verified. This means completing KYC (Know Your Customer) procedures. You’ll need to provide identification (driver’s license, passport, or similar) and proof of address. Once your account is verified, you’re good to start the withdrawal process.

Steps:

1. Open the Crypto.com app.
2. Go to your account settings and ensure the verification process is complete.

2. Link Your Bank Account

Here’s where it gets a little more complex, but not hard if you follow closely. Linking your bank account to Crypto.com is straightforward but requires attention to detail. Your name on the bank account must match the name registered on your Crypto.com account. If it doesn’t, you might face delays or rejection of the transfer.

Steps:

1. Navigate to the “Fiat Wallet” in the app.
2. Select “Add Bank Account.”
3. Input your bank details. This could be your IBAN or SWIFT code, depending on your location.
4. Wait for confirmation.

3. Choosing the Right Withdrawal Method

You’ve got two choices: direct bank withdrawal or selling crypto into fiat currency and then withdrawing. This is the key decision. If you opt for a direct withdrawal, it’s often faster but can incur fees depending on the currency you're withdrawing. In contrast, selling your crypto to fiat (such as USD or EUR) first might involve exchange rate fluctuations but could be more convenient.

Method	Speed	Fees	Notes
Direct Bank Withdrawal	Fast	Higher, varies	May incur cross-border fees.
Sell Crypto to Fiat First	Slower	Lower, predictable	Exchange rate may change.

If you’re in a hurry, go for the direct bank withdrawal. But if you’re looking to minimize costs, selling your crypto first may save you money in the long run.

4. Withdrawal Limits and Fees

One thing that often surprises users is the existence of withdrawal limits and fees. Crypto.com applies limits on how much you can withdraw in a single day, depending on your level of verification. You also need to factor in the fees that can vary depending on whether you're withdrawing to a domestic or international bank account.

Daily Withdrawal Limits:

Verification Level	Daily Limit (USD)	Withdrawal Fee (%)
Basic	$5,000	1.5%
Advanced	$25,000	1.0%
VIP	Unlimited	Negotiable

To increase your daily limit, complete additional verification steps in your account settings. Always be mindful of these limits, especially if you plan to move larger amounts.

5. Timing Your Withdrawal

Timing can be everything. Crypto markets operate 24/7, but bank transfers often don't. It’s best to withdraw during business hours to avoid delays. If you initiate a withdrawal on a weekend, the process could take up to 72 hours. While Crypto.com processes withdrawals promptly, banking institutions can introduce delays.

Weekday vs. Weekend Transfers:

Time Initiated	Estimated Arrival Time
Weekday (Business Hours)	1-3 business days
Weekend/Night	Up to 5 business days

6. Double-Check Details

The last thing you want is to send your hard-earned money to the wrong place. Ensure your bank account details are accurate, and double-check the destination account information. Even a small typo could cause a significant delay.

7. Initiating the Withdrawal

Once everything is set, you’re ready to make the withdrawal. Here’s how it’s done step-by-step:

1. Open the Crypto.com app and go to “Fiat Wallet.”
2. Tap “Withdraw” and select the linked bank account.
3. Enter the amount you wish to withdraw and confirm the transaction.
4. Monitor the withdrawal status through the app.

8. Security Measures

Crypto.com takes security seriously. You will receive an email confirmation after initiating the withdrawal. Additionally, for added security, you may be asked to confirm the transaction via 2-Factor Authentication (2FA). Ensure you have 2FA enabled to protect your account.

9. Withdrawal Confirmation

Once the withdrawal is confirmed, you should receive the funds in your bank account within a few business days, depending on your bank’s processing time. It’s always a good idea to monitor the transaction within both the app and your bank account to ensure everything goes smoothly.

Final Thoughts

Withdrawing money from Crypto.com to your bank account may seem intimidating, but by following these detailed steps, you can ensure a smooth and secure transaction. The key is to always verify your account details, choose the right withdrawal method, and be mindful of timing to avoid delays. Crypto.com has one of the more straightforward processes for moving funds, but understanding the nuances will save you time, money, and a lot of headaches.