- How to Cash Out on Crypto.com: Your Complete Guide
- Pre-Withdrawal Checklist
- Step-by-Step Cash Out Process
- Method 1: Bank Transfer (Recommended)
- Method 2: Crypto.com Visa Card
- Withdrawal Methods Compared
- Key Fees to Know
- Pro Tips for Smooth Withdrawals
- Frequently Asked Questions (FAQ)
- How long do Crypto.com withdrawals take?
- Are there cash-out limits?
- Can I cash out to PayPal?
- Why is my withdrawal failing?
- Is cashing out taxable?
How to Cash Out on Crypto.com: Your Complete Guide
Need to convert your crypto gains into cash? Cashing out on Crypto.com is straightforward when you know the steps. This 900-word guide covers everything from withdrawal methods to fees, processing times, and expert tips. Whether you’re withdrawing to your bank account, debit card, or external wallet, we’ll show you how to navigate the process smoothly and securely.
Pre-Withdrawal Checklist
Before initiating a cash-out:
- Verify your identity: Complete KYC (Know Your Customer) verification in the app
- Link withdrawal methods: Add bank accounts or cards under ‘Transfer’ > ‘Withdraw’ > ‘Fiat’
- Check balances: Ensure sufficient crypto/fiat balance in your Crypto.com Wallet
- Review limits: Note daily/monthly withdrawal ceilings based on verification tier
Step-by-Step Cash Out Process
Method 1: Bank Transfer (Recommended)
- Open Crypto.com App and tap ‘Accounts’
- Select ‘Fiat Wallet’ > ‘Transfer’ > ‘Withdraw’
- Choose your linked bank account
- Enter withdrawal amount in your local currency
- Confirm transaction with 2FA authentication
Method 2: Crypto.com Visa Card
- Tap ‘Card’ in the app dashboard
- Select ‘Top Up’ and choose funding source (crypto or fiat wallet)
- Load funds onto card instantly
- Spend anywhere Visa is accepted or withdraw cash from ATMs
Withdrawal Methods Compared
| Method | Speed | Fees | Best For |
|---|---|---|---|
| Bank Transfer | 1-3 business days | Free (varies by currency) | Large withdrawals |
| Crypto.com Card | Instant | Free top-ups, ATM fees apply | Everyday spending |
| Crypto Wallet | 5-30 mins | Network fees | Crypto-to-crypto transfers |
Key Fees to Know
- Bank withdrawals: Free for EUR/GBP, 0.4% for USD
- Crypto withdrawals: Dynamic network fees (view in app)
- Card ATM withdrawals: Free up to $800/month, then 2%
- Currency conversion: 0.4% spread if converting crypto to fiat
Pro Tips for Smooth Withdrawals
- Withdraw during business hours for faster bank processing
- Always double-check wallet addresses for crypto withdrawals
- Use stablecoins like USDC to avoid price fluctuations during cash-out
- Monitor app notifications for transaction status updates
- Keep withdrawal amounts below $10k to avoid extra compliance checks
Frequently Asked Questions (FAQ)
How long do Crypto.com withdrawals take?
Bank transfers take 1-3 business days. Card top-ups are instant. Crypto withdrawals usually complete within 30 minutes.
Are there cash-out limits?
Yes. Unverified users can’t withdraw. Verified Basic users have $5k/day limits, while higher tiers reach $500k/day. Card ATM withdrawals max at $800/day.
Can I cash out to PayPal?
Not directly. Withdraw to your bank first, then transfer to PayPal. Crypto.com doesn’t support direct PayPal integration.
Why is my withdrawal failing?
Common reasons include unverified accounts, insufficient funds, incorrect bank details, or exceeding limits. Check transaction history for error codes.
Is cashing out taxable?
Yes in most countries. Converting crypto to fiat triggers taxable events. Consult a tax professional about your obligations.
Mastering cash-outs on Crypto.com puts you in control of your digital assets. Always prioritize security with 2FA and official app downloads. For real-time fee updates, check Crypto.com’s official fee schedule as rates may change.
