How to Withdraw money from to a bank Account

Do you want to know How to withdraw money from to a bank account? What are the Charges, Time it takes, and Complete process for the US, UK, Canada & Australian bank account? then this post is for you.

How to withdraw money from Crypto.Com to bank account

How to withdraw money from to bank Account with Fiat

Crypto.Com is the online Cryptocurrency exchange platform for crypto traders and investors.

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It has more than ten million users in around 90 countries. It enables you to buy or sell more than 100 cryptocurrencies at their real price.

Not only that unlike most of the other available Cryptocurrency exchange platforms it offers you 14% interest rates on your Crypto assets.

It is also available as a mobile application on both major mobile OS Android and iOS.

However, here we are not going to review this but provide you instructions on how to withdraw money from Crypto.Com to my bank account.

You can withdraw money, yes. But transferring funds directly to your bank account is not easy on most other Crypto exchange platforms.

However, in any case, if you want to convert your Crypto assets in USD, EUR or pound and transfer it to the bank account.

You can do it in two steps-

  • First, you have to set up the Fiat wallet on your Crypto.Com Account.
  • Now you can transfer money in your chosen currency to your bank account.

Setup Fiat Wallet

Here is the process to adding a Fiat wallet-

  1. Open the App and click on the transfer button, Now navigate to Withdraw, Crypto, and then external wallet.
  2. You have to add a withdrawal address. To do so hit on the “+Add Wallet Address” option.
  3. Now Click on the Fiat wallet option.
  4. From the list of different options choose fiat wallet again.
  5. On the next screen click “+Set Up new Currency”
  6. Now you’ll see Deposit fiat via bank transfer Screen.
  7. Choose your Country currency there. For Example United States Dollar.
  8. Once the wallet setup is complete, Provide your bank account information there.

Now you are ready to transfer crypto to the address that you just added.

Transfer money to the bank account

Here is How to withdraw money from to your bank account-

  1. Make sure that your address is Whitelisted before sending payment. If not the Withdrawal will not work for you.
  2. Tap on Transfer > Withdraw > Fiat > United States Dollar.
  3. If your bank account hasn’t been added already you can choose the option to add a bank account.
  4. Tap on the continue button.
  5. Search and choose the bank where you transfer funds.
  6. Enter your Internet banking credentials.
  7. Select which account you want to transfer funds to.
  8. Now Type how much money you want to transfer to your bank account.
  9. Now Withdraw button to withdraws.

Please note that you need at least $100 in your Crypto.Com account to transfer money.

How long does it take to withdraw money?

Suppose, If you transfer money using the Fiat wallet it will take around 3 to 5 working days.

Within 3-5 days, after you submit a request for USD withdrawal money will be credited in your bank account.

How much does it cost to withdraw money?

There are withdrawal fees that will be charged to you if you withdraw USD from your Fiat wallet to your bank account.

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Transfer to Crypto Wallet

Not only as of the USD/EUR but You can also Crypto to another wallet of your choice.

Here is How to withdraw crypto from to your crypto wallet-

  1. Head over to Crypto.Com or the mobile app and login into your Account.
  2. There click on the transfer button and tap on Withdraw option.
  3. Choose Crypto and then External wallet.
  4. Locate the withdrawal address and tap on withdrawing.

Once the transaction is processed on the blockchain, you will see the Cryptocurrency as you transferred to the wallet of your choosing.

Sarvin Batra is the Main Author, Editor at CnbDaily. He is an Expert in Tech especially Related to mobile phones, Android applications and Their uses. You can Connect with him on His Twitter Profile @SarvinBatra

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