With the growing adoption of cryptocurrency in everyday financial life, knowing how to securely and efficiently transfer your digital assets to a traditional bank account is essential. Whether you're cashing out profits, covering expenses, or simply diversifying your holdings, this comprehensive guide walks you through how to withdraw from Crypto.com to your bank account with confidence—using a process that’s fully up to date for 2025.
We’ll cover everything from linking your bank details to understanding fees and processing times, ensuring a smooth and secure transaction every time.
Why Withdraw Crypto to Your Bank Account?
Converting cryptocurrency to fiat currency (like USD, EUR, or GBP) and transferring it to your bank allows you to use your digital gains in the real world. Common reasons include:
- Paying bills or rent
- Reinvesting in other financial instruments
- Securing profits during market highs
- Funding daily expenses without relying on crypto debit cards
Crypto.com makes this transition seamless, supporting direct bank withdrawals in multiple currencies across many countries.
Step 1: Convert Cryptocurrency to Fiat Currency
Before initiating a withdrawal, you must convert your crypto holdings into a supported fiat currency (e.g., USD).
👉 Learn how to convert crypto to fiat quickly and securely.
To do this:
- Open the Crypto.com app or log in to your web account.
- Navigate to the "Trade" section.
- Select the cryptocurrency you want to sell (e.g., Bitcoin, Ethereum).
- Choose your local fiat currency as the trading pair.
- Place a market or limit order to complete the conversion.
Once completed, the equivalent fiat amount will appear in your fiat wallet within the app.
💡 Pro Tip: Monitor market trends before converting. Use price alerts to lock in favorable exchange rates.
Step 2: Link and Verify Your Bank Account
To receive funds, you need to connect your bank account to your Crypto.com profile.
Here’s how:
- Go to "Wallet" > "Withdraw" > "Fiat".
- Select your preferred fiat currency.
- Tap "Add New Bank Account".
Enter your bank details:
- Bank name
- Account holder name
- Account number
- Routing number (for U.S. banks) or SWIFT/BIC code (for international transfers)
- Confirm the information and submit.
Verification typically takes 1–3 business days. Crypto.com may send two small test deposits to confirm ownership—check your bank statement and enter the amounts in the app to finalize verification.
⚠️ Ensure all details are accurate. Incorrect information can delay transfers or result in lost funds.
Step 3: Initiate the Withdrawal
Once your account is verified, you’re ready to withdraw.
Follow these steps:
- Return to the "Withdraw" section under Fiat Wallet.
- Choose the verified bank account.
- Enter the amount you wish to withdraw.
Review the transaction summary:
- Amount
- Fees
- Estimated arrival time
- Confirm using your security method (e.g., 2FA, biometrics).
After confirmation, the withdrawal is processed.
Understanding Fees and Processing Times
| Factor | Details |
|---|---|
| Withdrawal Fee | Typically $0–$4 depending on region and currency; some users enjoy fee-free withdrawals based on tier status |
| Processing Time | 1–5 business days; faster for U.S. ACH transfers (1–3 days) |
| Weekend Delays | Withdrawals initiated on weekends or holidays may take longer |
👉 Discover low-fee withdrawal options and optimize your transfer strategy.
🔍 Note: Instant withdrawals via debit card are available but come with higher fees. For cost-effective transfers, standard bank withdrawals are recommended.
Step 4: Track Your Withdrawal Status
After submission, monitor your withdrawal in real time:
- Open the app and go to Activity > Transactions
- Locate your withdrawal entry
Check its status:
- Processing
- Completed
- Failed (if applicable)
You’ll also receive email and push notifications at key stages.
If the status remains “Processing” beyond 5 business days, contact Crypto.com Support with your transaction ID for assistance.
Common Issues and How to Avoid Them
Even with a streamlined process, users sometimes face hurdles. Here’s how to avoid common pitfalls:
- ❌ Insufficient KYC Verification: Ensure your identity documents are fully verified. Higher withdrawal limits require advanced KYC.
- ❌ Incorrect Bank Details: Double-check routing/account numbers before submitting.
- ❌ Exceeding Daily Limits: Free-tier accounts have daily caps (e.g., $2,000). Upgrade your tier if needed.
- ❌ Network Delays: Banking systems—not Crypto.com—often cause delays during holidays or peak times.
Tips for Faster and More Secure Transfers
- ✅ Withdraw During Business Hours: Initiate transfers Monday–Thursday for fastest processing.
- ✅ Use Verified Devices Only: Avoid login issues by accessing your account from trusted devices.
- ✅ Enable All Security Features: Use two-factor authentication (2FA), biometric login, and anti-phishing codes.
- ✅ Keep Records: Save screenshots of transaction IDs and confirmation emails.
Frequently Asked Questions (FAQ)
Q: Can I withdraw any cryptocurrency directly to my bank?
No. You must first convert crypto (like BTC or ETH) into a supported fiat currency (USD, EUR, etc.) before withdrawing to your bank.
Q: Are there taxes on crypto withdrawals?
While Crypto.com doesn’t withhold taxes, converting and withdrawing crypto may count as a taxable event depending on your country’s laws. Consult a tax professional for guidance.
Q: Why was my withdrawal declined?
Common reasons include unverified identity, incorrect bank details, exceeded limits, or suspicious activity triggers. Review your account status and try again after resolving the issue.
Q: Can I cancel a withdrawal?
Once confirmed, withdrawals cannot be canceled. If the bank rejects the transfer due to invalid details, funds may return after several days.
Q: Is it safe to link my bank account?
Yes—Crypto.com uses bank-level encryption and complies with global financial regulations. Always enable 2FA for added protection.
Q: How often can I make withdrawals?
You can initiate multiple withdrawals within your daily and monthly limits based on your account tier.
👉 Maximize your crypto liquidity with fast, secure withdrawal solutions.
Whether you're a beginner or experienced user, mastering the process of moving funds from Crypto.com to your bank account empowers you to take full control of your financial journey. With clear steps, proper security measures, and realistic expectations about timing and fees, you can enjoy a seamless bridge between digital assets and traditional banking.
Stay informed, stay secure, and make every withdrawal count.