For anyone involved in cryptocurrency trading, having a reliable and straightforward platform to sell digital assets is crucial. Crypto.com offers users the ability to sell tokens seamlessly, whether using a desktop computer or a mobile app. This guide provides step-by-step instructions for selling crypto on various devices and transferring funds to bank accounts or cards.
Selling Crypto on Desktop
The Crypto.com Exchange platform is designed for desktop users who prefer trading on a computer. Before you can start selling, you must have at least a Starter level account, which requires basic security details for each transaction.
For more advanced features, consider upgrading to a higher account level. This provides additional trading benefits and streamlined processes. Once your account is set up and verified, follow these steps to sell your tokens:
- Navigate to the official exchange website and click "Log In" in the top right corner.
- Enter your credentials to access your trading dashboard.
- From the top left section, select the "Markets" page.
- Choose your trading market and select the specific token pair you wish to trade.
- Click the "Trade" button to proceed to the trading interface.
- In the lower right section, select your preferred order type.
- Review the estimated value and click the red "Sell" button to execute the trade.
Withdrawing Funds from Desktop
After successfully selling your cryptocurrency, you may want to withdraw your funds:
- Log into your exchange account and select "Wallet" in the top right corner.
- Choose the cryptocurrency you wish to withdraw and click "Withdraw."
- Select "Add Withdrawal Address" and follow the on-screen instructions to add your external wallet details.
- Save the address and note that verification may take up to 24 hours.
- Once verified, select your withdrawal address and enter the amount you wish to transfer.
- Review the transaction details, including any applicable fees.
- Enter your verification codes and confirm the withdrawal.
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Alternatively, you can transfer funds directly to your Crypto.com mobile app:
- From your exchange wallet, select "Spot Wallet."
- Choose the option to transfer to the Crypto.com App section.
- Enter the amount you wish to transfer and review the transaction.
- Confirm with your verification codes to complete the transfer.
Selling Crypto on iOS App
The Crypto.com iOS app offers a user-friendly interface for selling tokens with multiple destination options for your funds.
Selling to Crypto Wallet
- From the app's main screen, navigate to the "Balance" section.
- Tap "Trade" and then select "Sell."
- Choose the cryptocurrency you want to sell.
- Select "Crypto Wallet" as your destination.
- Enter the amount and confirm the transaction.
Selling to Card Wallet
To transfer funds directly to your Visa card:
- Follow the same initial steps to reach the selling interface.
- Instead of Crypto Wallet, select "Card Wallet" as your destination.
- Enter the amount and confirm the transaction.
Selling to Fiat Wallet
For converting crypto to traditional currency:
- In the selling interface, select "Fiat Wallet" as your destination.
- Enter the amount you wish to sell and confirm.
- The funds will be converted to your chosen fiat currency.
Withdrawing to Bank Account
Once you have funds in your Fiat wallet:
- Navigate to your Fiat wallet from the app's main menu.
- Select "Withdraw" and then "Transfer."
- Choose "Fiat" as your currency type.
- Select your preferred currency (USD, EUR, etc.).
- Enter the amount (minimum $100) and choose your bank account.
- Confirm the withdrawal request.
Processing times may vary, and you'll receive email confirmation once completed.
Selling Crypto on Android App
Android users can follow similar steps to sell their cryptocurrency through the mobile app.
Basic Selling Process
- Open the app and go to the "Balance" section.
- Tap "Trade" and select "Sell."
- Choose which cryptocurrency you want to sell.
- Select your preferred destination wallet (Crypto, Card, or Fiat).
- Enter the amount and confirm the transaction.
Bank Transfers from Android
To transfer funds to your bank account:
- Access your Fiat wallet from the app's main menu.
- Select "Withdraw" and then "Transfer."
- Choose your fiat currency and enter the withdrawal amount.
- Select your bank account and confirm the transaction.
Note that minimum withdrawal amounts apply ($100 for USD, €80 for EUR), and processing may take several business days.
Frequently Asked Questions
How long do withdrawals take to process?
Withdrawal processing times vary depending on the method and currency. Bank transfers typically take 2-5 business days, while crypto transactions may be faster but subject to network congestion.
Are there fees for selling cryptocurrency?
Yes, Crypto.com charges trading fees that vary based on your account level and trading volume. There may also be network fees for blockchain transactions.
What is the minimum amount I can sell?
Minimum trade amounts depend on the specific cryptocurrency. Generally, you can sell very small fractions of tokens, though withdrawal minimums may apply for fiat conversions.
Can I cancel a sell order after placing it?
This depends on the order type. Limit orders can typically be canceled if they haven't been filled, while market orders are executed immediately and cannot be canceled.
Is there a difference between selling on desktop vs. mobile?
The functionality is essentially the same, though the interface differs. Some advanced trading features may be more accessible on the desktop platform.
How secure is selling crypto on Crypto.com?
The platform employs multiple security measures including two-factor authentication, encryption, and cold storage for funds. However, users should always enable available security features.
Conclusion
Crypto.com provides a comprehensive platform for selling cryptocurrency across multiple devices. Whether you prefer desktop trading or mobile convenience, the process is straightforward and offers multiple options for managing your proceeds. By understanding the different wallet options and withdrawal methods, you can efficiently convert your digital assets into usable funds.