How to Put Money from Crypto to Bank Account

Easily Withdraw from Crypto to Your Bank

Sending money from your Crypto.com wallet to your bank is a common task. Whether you’re cashing out profits or managing your funds, the process is simple if you follow the right steps. This guide shows you exactly how to do it with zero confusion.

How to Put Money from Crypto to Bank Account – Step-by-Step

1. Verify Your Identity and Link Your Bank

Before withdrawing funds, make sure:

• Your Crypto.com account is fully verified.
• You’ve added a valid bank account under the Fiat Wallet section.

Tip: Use a bank account that matches your Crypto.com registration name to avoid delays.

2. Convert Crypto to Fiat (Optional but Recommended)

Most banks don’t accept direct crypto deposits. You need to convert your crypto assets to fiat (like USD, EUR, or GBP).

Steps:

1. Go to your Crypto Wallet.
2. Choose a coin (e.g., Bitcoin).
3. Tap “Sell” and convert it into your preferred fiat currency.

Note: Fiat will be added to your Fiat Wallet.

3. Withdraw Funds to Your Bank

Once fiat is in your Fiat Wallet:

1. Tap “Transfer” → “Withdraw” → “Fiat.”
2. Select your linked bank account.
3. Enter the amount to withdraw.
4. Confirm the transaction.

Funds usually arrive within 2–5 business days, depending on your bank.

4. Check for Withdrawal Fees

Crypto.com often charges a small fee for fiat withdrawals. Check your region’s specific fees under the Fee Schedule in the app settings.

5. Track Your Transaction

After completing your withdrawal:

• Go to the Fiat Wallet → Transactions.
• Tap the pending transaction to track it.

Common Issues and How to Solve Them

Issue 1: Withdrawal Delayed

Solution:
Make sure your bank is eligible for international transfers and your account is correctly linked.

Issue 2: Bank Rejects Transfer

Solution:
Double-check the name on your bank and Crypto.com account. Mismatched names often trigger rejections.

Issue 3: Fiat Wallet Not Visible

Solution:
You may need to activate fiat wallets. Go to Settings → Fiat Wallets → Add new currency.

Tips to Speed Up the Process

• Use SEPA for European banks to speed up EUR transfers.
• Avoid weekends or public holidays as banks are slower then.
• Enable push/email alerts to track each step instantly.
• Keep a record of transactions in case support is needed.

Is It Safe to Transfer Funds from Crypto.com to a Bank?

Yes, Crypto.com uses end-to-end encryption and 2FA for security. Ensure your bank is reputable and supports crypto-related transfers.

How Long Does It Take to Receive Money in the Bank?

• Domestic Transfers: Usually 1–3 business days.
• International Transfers: May take 3–5 days.
• Delays: Can occur due to bank holidays, compliance checks, or incorrect details.

Are There Any Limits for Bank Withdrawals?

Yes, limits vary by region and verification level. You can view your current withdrawal limits in:

• App Settings → Account Verification → Limits

Upgrade your verification level to unlock higher withdrawal limits.

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Can I Cancel a Withdrawal?

No. Once a withdrawal is submitted and confirmed, it cannot be reversed. Always double-check bank details and amount.

What If I Don’t See the Money in My Bank?

Wait the full processing time. If the money doesn’t appear:

1. Contact your bank first.
2. If unresolved, reach out to Crypto.com support via the app.

Frequently Asked Questions (FAQs)

Q1: Can I withdraw USD, EUR, and GBP from Crypto.com?

Yes. Crypto.com supports multiple fiat currencies. Choose the correct wallet during setup.

Q2: Do I need to pay taxes on crypto withdrawals?

In many countries, yes. Speak to a tax advisor to stay compliant with your local laws.

Q3: Can I use a business bank account for withdrawals?

Yes, if your Crypto.com account is registered as a business entity.

Q4: Can I withdraw to PayPal or prepaid cards?

Currently, Crypto.com only supports direct bank accounts, not PayPal or prepaid cards.

Q5: Why did my withdrawal fail?

Common reasons include wrong bank details, name mismatch, or exceeding limits.

Conclusion: Transfer Your Crypto Funds with Confidence

Moving money from Crypto.com to your bank doesn’t have to be complicated. By following these simple steps, you can enjoy quick, safe, and reliable withdrawals. Always stay updated on fee structures and keep your app secure.