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

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You might have invested in Bitcoin, Ethereum, or other cryptocurrencies and even earned some money from those investments. Now, the question is: How do you convert your crypto into fiat and withdraw it from Crypto.com? This is a common question, especially since most people have never used a crypto exchange before and wonder if withdrawing money is possible. If you want to withdraw your money to a bank account, you'll need to navigate the Crypto.com app carefully. This guide will walk you through the process securely.

What Is Crypto.com?

Crypto.com is a cryptocurrency exchange platform that allows users to trade over 250 cryptocurrencies using more than 20 fiat currencies. It’s currently accessible in over 80 countries. Crypto.com is also an excellent option for experienced traders. While it’s not the most complex crypto exchange, its website can be slightly intimidating for beginners. Known for its digital wallet and high-level security, Crypto.com is also more affordable than many other crypto exchange platforms.

Can You Withdraw Fiat Money from Crypto.com?

Yes, you can withdraw your money from Crypto.com to a bank account, but the process can be tricky. Crypto.com doesn’t currently support direct fiat withdrawals, so the only way to access your fiat money is by selling your cryptocurrencies on the platform. Before withdrawing to your bank account, you must first sell your crypto to store the converted fiat (USD) in your fiat wallet. Then, you can transfer your USD funds from the fiat wallet to your U.S. bank account. While Crypto.com doesn’t charge fees for these transfers, your bank might—so check with them beforehand.

👉 Want to explore more crypto withdrawal options?

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

Here’s a step-by-step guide to withdrawing money from Crypto.com:

Step 1: Log In to Your Crypto.com Account

Prefer the Crypto.com app over the website for withdrawals—it’s simpler and more user-friendly. Open the app, log in, and navigate to your crypto wallet via the bottom navigation bar.

Step 2: Set Up Your Fiat Wallet

  1. Go to "Accounts" > "Fiat Wallet."
  2. Tap "+ Set Up New Currency" (e.g., USD).
  3. Provide your Social Security Number (SSN) and residential address (no P.O. boxes).
  4. Await approval (may take days/weeks).

Note: SSN is only required for USD fiat wallets and doesn’t trigger a credit check.

Step 3: Sell Your Cryptocurrency

  1. Click "Fiat Wallet" > "Sell Crypto."
  2. Select the crypto to convert, then choose "Cash."
  3. Enter the amount (minimum $100 per withdrawal).
  4. Confirm the exchange rate and complete the sale.

Step 4: Initiate a USD Withdrawal Request

  1. Return to the app’s homepage, select "Transfer."
  2. Click "Withdraw" > "Fiat" > "USD."
  3. Choose "Add Bank Account" or select a linked bank.

Step 5: Link Your Bank Account

  1. Select your bank and log in using online banking credentials.
  2. Wait for Crypto.com to authenticate your account (usually quick).

Tip: Use a crypto-friendly bank to avoid transaction issues.

Step 6: Complete the Withdrawal

  1. Review the withdrawal details.
  2. Tap "Confirm" to finalize the transfer.

Step 7: Wait for Funds (3–5 Business Days)

You’ll receive a notification once the money hits your bank account.

Conclusion

Converting crypto to fiat is straightforward, but bank transfers require extra steps. Follow this guide carefully, and contact Crypto.com support if needed—accessible via the app’s chat icon.

Frequently Asked Questions

How long does the transfer take?

Funds typically arrive in 3–5 business days. First-time transfers may take longer due to internal reviews.

Does Crypto.com charge withdrawal fees?

No. Crypto.com doesn’t charge fees for USD withdrawals, but your bank might.

Which cryptocurrencies can I sell for USD?

All cryptocurrencies tradable in the U.S. Check the "Trade" menu in the app for specifics.

Why can’t I link my bank account?

Possible reasons:

👉 Need help with crypto transfers?

Why is my withdrawal pending?

Common causes: