With over 10 million users globally, Crypto.com stands as a major platform for buying, selling, and managing cryptocurrencies. When it’s time to convert your crypto assets into traditional currency, you can withdraw funds directly to your bank account. This guide covers all available methods, step-by-step instructions for linking your bank, and key details to ensure a smooth process.
Overview of Withdrawal Methods
Crypto.com provides multiple options to withdraw your funds, each with distinct features:
- ACH Bank Transfer: Link a U.S. bank account to withdraw USD via the Automated Clearing House network. Transfers typically take 3–5 business days.
- Wire Transfer: Withdraw USD, EUR, or other currencies to bank accounts worldwide. Funds usually arrive within 1–3 business days.
- PayPal: Instantly transfer USD to a linked PayPal account.
- Cryptocurrency Withdrawal: Send digital assets to an external crypto wallet address.
Additionally, you can use the Crypto.com Visa card to spend crypto instantly at millions of merchants or withdraw USD from ATMs.
Step-by-Step Withdrawal Process
Step 1: Convert Crypto to Fiat Currency
Before withdrawing traditional money, you must sell your crypto assets:
- Tap the "Crypto Wallet" tab.
- Select the cryptocurrency you wish to sell (e.g., Bitcoin or Ethereum).
- Enter the amount or tap "Max" to sell your entire balance.
- Choose the currency for conversion (e.g., US Dollar or British Pound).
- Review the details and confirm the sale.
💡 Tip: For large amounts, consider selling in smaller portions to minimize slippage from dynamic market rates.
Step 2: Link Your Bank Account
- Navigate to "Transfer" > "Withdraw" in your Fiat Wallet.
- Select your country, currency, and bank.
- Enter your account details and proceed.
Supported U.S. banks include Chase, Wells Fargo, Citibank, U.S. Bank, and other major institutions. If your bank isn’t listed, you can manually input details for most checking or savings accounts that accept ACH transfers.
Step 3: Complete Verification
For security, Crypto.com requires identity verification before linking a bank. The process includes providing:
- Full legal name
- Physical address
- Date of birth
- Social Security Number (or equivalent)
You’ll also need to upload a photo ID, such as a passport, driver’s license, or national ID card. Some regions may offer video selfie verification.
Step 4: Initiate the Withdrawal
- Enter the withdrawal amount in USD or your chosen currency.
- Select the linked bank account.
- Tap "Withdraw" and confirm the transaction details.
Ensure sufficient funds are available in your fiat wallet. Note the following limits:
| Minimum per Transfer | Maximum per 24 Hours |
|---|---|
| $100 | $10,000 |
Processing Times and Key Details
Withdrawal durations vary by method:
- ACH Transfer: 3–5 business days
- Wire Transfer: 1–3 business days
- PayPal: Usually instant
Additional important information:
- You can have up to 5 active withdrawal requests simultaneously.
- Supported currencies include USD, EUR, GBP, and major stablecoins.
- While bank transfers are free, recipient banks may charge fees.
- Transactions to New York-based banks are restricted due to state regulations.
- Withdrawals to third-party services may incur network fees.
For enhanced security, enable two-factor authentication and safeguard your recovery phrases. 👉 Explore secure withdrawal methods
Frequently Asked Questions
How do I avoid fees when withdrawing?
Stick to ACH or wire transfers, as Crypto.com doesn’t charge fees for these. However, check if your bank imposes incoming transfer fees.
What if my bank isn’t supported?
You can manually enter account details for most banks that accept ACH transfers. Ensure your account type supports incoming transfers.
Why is my withdrawal taking longer than expected?
Delays can occur due to bank processing times, verification checks, or public holidays. Contact support if it exceeds the stated timeframe.
Can I withdraw to a credit card or debit card?
No, Crypto.com only supports withdrawals to bank accounts, PayPal, or external crypto wallets.
Are there daily or monthly withdrawal limits?
Yes, the standard limit is $10,000 per 24 hours, but verified users may qualify for higher limits based on their account tier.
Is it safe to link my bank account?
Yes, Crypto.com uses encryption and compliance measures to protect your data. Always ensure you’re using the official app and a secure connection.