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Withdrawing crypto from Crypto.com is a straightforward process, whether you're sending funds to another wallet or an external exchange. Here's how to do it safely and efficiently.
Withdraw from Crypto.com to a Wallet or Exchange
In order to move your crypto off Crypto.com, you’ll need to follow a few important steps that involve both verification and accurate transfer details.
Step 1: Set Up Your Destination Wallet or Exchange Address
Before you can withdraw, you need a valid address for the crypto you're transferring. This could be a wallet you control, such as MetaMask or Trust Wallet, or an address from another exchange like Coinbase or Binance.
Choose the Right Network: Make sure the withdrawal network matches the receiving platform (e.g., ERC-20 for Ethereum, BEP-20 for Binance Smart Chain).
Copy the Exact Address: Use the “copy” function instead of typing it manually to avoid errors.
Double-Check Compatibility: Not all wallets support every token or network, so verify support before initiating the transfer.
Once you’ve copied the destination address, keep it handy for the next step. This setup ensures your assets won’t get lost due to incompatibility or address mistakes.
Step 2: Log In and Access the Withdrawal Feature
To begin your withdrawal, log in to your Crypto.com app or web platform. The process is similar across both, but the app is typically more streamlined.
Go to ‘Accounts' > ‘Crypto Wallet': This displays your available crypto holdings.
Tap on the Coin You Want to Withdraw: Select the cryptocurrency you plan to transfer.
Click ‘Transfer' > ‘Withdraw' > ‘External Wallet': This opens the screen where you can add or select a withdrawal address.
Because Crypto.com has built-in security steps, using the app helps guide you through confirmations. This also ensures you don’t accidentally withdraw to an outdated or unsupported address.
Step 3: Add and Whitelist the External Address
If this is your first time sending to a particular wallet, you'll need to whitelist the address. This is a security step designed to prevent unauthorized withdrawals.
Tap ‘Add Wallet Address': Choose the token and network, then paste your destination address.
Name the Address (Optional): Add a label like “My Trust Wallet” for easy recognition later.
Complete 2FA and Email Verification: Crypto.com will send a confirmation email and require 2FA to approve the address.
Once approved, the address will appear in your list of saved destinations. This step may take a few minutes, but it’s a valuable safeguard to protect your funds.
Step 4: Confirm Withdrawal Details and Submit
After the address is whitelisted, you can proceed to finalize your transaction. Double-check everything before sending to avoid costly mistakes.
Enter Withdrawal Amount: Specify how much crypto to send. Keep network fees in mind.
Review Network and Address Again: Ensure the network and address match the wallet or exchange.
Submit and Wait for Confirmation: You’ll need to confirm the transaction with 2FA; processing time varies by blockchain.
As a result, your crypto will be sent once the network processes the request. You’ll be able to track the status under ‘Withdrawals' and even view the blockchain transaction hash.
How to Withdraw Money from Crypto.com to Your Bank
Withdrawing funds to your bank account differs from sending crypto to a wallet or exchange because it involves converting your digital assets to fiat currency first.
This process requires a few additional steps and compliance checks.
Sell Your Crypto for Fiat: First, convert your crypto (e.g., BTC or ETH) into USD or your local currency via the Crypto.com app.
Go to ‘Fiat Wallet' in the App: After selling, the fiat balance appears under your Fiat Wallet.
Select ‘Transfer' > ‘Withdraw' > ‘Bank Account': Choose the linked bank account or add a new one.
Follow Verification and Confirm: You may need to complete identity verification or confirm bank details through a micro-deposit method.
Because fiat withdrawals involve traditional banking infrastructure, they usually take 1–3 business days to process. Also, your bank may charge incoming wire transfer fees, depending on your location.
Can You Withdraw Directly to PayPal or Debit Card?
Crypto.com does not currently support direct withdrawals to PayPal or external debit cards.
3However, users can link a bank account for fiat withdrawals, or use the Crypto.com Visa Card to spend crypto directly without a manual withdrawal.
Things To Consider Before Withdrawing from Crypto.com
Before making a withdrawal on Crypto.com, it's important to review a few key details to avoid delays or unexpected issues.
Withdrawal Fees and Network Charges: Crypto withdrawals include blockchain network fees, which vary based on congestion and coin type. Fiat transfers may also incur banking fees.
Verification Requirements: Crypto.com requires full KYC verification, and some large withdrawals may trigger additional identity checks.
Supported Networks and Tokens: Using the wrong network (e.g., sending ETH to a BEP-20 address) may result in lost funds.
Whitelisting Wait Times: New wallet addresses may require 24-hour security holds after whitelisting.
Bank Processing Delays: Withdrawing to a bank account can take a few business days depending on your bank's speed.
Being aware of these factors helps you avoid common mistakes and ensures your funds reach their destination smoothly.
How Long Do Withdrawals Take on Crypto.com?
Crypto.com withdrawal times depend on the method you choose. Crypto withdrawals typically take between 15 minutes to a few hours, depending on the blockchain's congestion and required confirmations.
Fiat withdrawals to bank accounts generally take 1 to 3 business days, but it may be longer due to weekends or bank holidays.
Also, first-time withdrawals or those flagged for review may take longer due to extra security checks.
Crypto.com Withdrawal Limits: How Much Can You Cash Out?
Crypto.com sets different limits based on account type and verification.
- For crypto, the daily withdrawal limit is around 100 BTC for fully verified users.
- For fiat, the maximum may vary by region but is generally around $100,000 per day for USD accounts.
These limits are enforced to meet regulatory and security standards. Therefore, users planning large withdrawals should ensure their account is verified and may need to submit additional documents.
FAQ
No, you must complete identity verification to access withdrawal features, including both crypto and fiat transfers.
Crypto withdrawals are permanent once sent to the blockchain. If you entered the wrong address, recovery is unlikely.
Only if the status is still “pending” within the app. Once broadcast to the blockchain, it cannot be reversed.
Yes, Crypto.com requires you to sell your crypto and transfer from your fiat wallet to withdraw to a bank.
Yes, each token has a specific minimum amount. For example, Bitcoin withdrawals may require at least 0.0005 BTC.
Yes, crypto withdrawals incur blockchain network fees. These vary based on the token and traffic at the time.
It could be due to unusual activity, new device login, or a high-value transaction triggering a security check.
Yes, just whitelist your hardware wallet’s receiving address and follow the withdrawal steps.
Your funds could be lost if the receiving platform doesn’t support that network. Always double-check compatibility.
