How to Cash Out on Crypto.com: Step-by-Step Guide for 2024

Need to convert your crypto gains into cash? Learning how to cash out on Crypto.com is essential for turning digital assets into spendable currency. This comprehensive guide covers every step, method, fee, and insider tip to withdraw funds securely from your Crypto.com account to your bank or external wallet. Whether you’re cashing out Bitcoin, Ethereum, or stablecoins, we’ve got you covered.

What Does “Cashing Out” Mean on Crypto.com?

Cashing out refers to converting cryptocurrency holdings into traditional fiat currency (like USD, EUR, or GBP) and transferring it to your bank account. Alternatively, it can mean withdrawing crypto to an external wallet. Crypto.com supports both options through its exchange and app platforms.

Step-by-Step Guide to Cashing Out on Crypto.com

1. Verify Your Identity: Complete KYC verification in the app under Profile > Verification.
2. Link Your Bank Account: Navigate to Transfer > Fiat Wallet > Link Bank Account and follow prompts.
3. Sell Crypto for Fiat:
   • Go to Accounts > Crypto Wallet
   • Select the cryptocurrency to sell
   • Choose Sell to Fiat Wallet and confirm transaction
4. Withdraw to Bank:
   • Open your Fiat Wallet
   • Select Withdraw > To Bank Account
   • Enter amount and confirm (processing takes 1-5 business days)

Alternative Withdrawal Methods

Withdraw Crypto to External Wallets

1. Go to Accounts > Crypto Wallet
2. Select cryptocurrency and tap Transfer > Withdraw > External Wallet
3. Enter wallet address and network (double-check for accuracy!)
4. Confirm transaction (network fees apply)

Crypto.com Visa Card

Load fiat onto your Crypto.com Visa Card via your Fiat Wallet for ATM withdrawals or direct spending.

Understanding Fees and Limits

Transaction Type	Fee	Limits*
Fiat Wallet to Bank	Free (varies by region)	Up to $1M daily
Crypto Withdrawals	Network fees + 0.0004 BTC (Bitcoin example)	Varies by token
Card ATM Withdrawals	Free up to $800/month	Then 2% fee

*Limits depend on verification tier (e.g., Tier 2: $50K/day)

Pro Tips for Smooth Cash Outs

• Time withdrawals during business hours for faster bank processing
• Use stablecoins like USDC to avoid price volatility during transfers
• Enable 2FA and whitelist withdrawal addresses for security
• Check regional holidays that may delay bank processing
• Test small amounts first for new bank links or wallet addresses

Frequently Asked Questions (FAQ)

How long do Crypto.com cash outs take?

Bank withdrawals typically process in 1-5 business days. Crypto transfers to external wallets usually complete within 30 minutes but depend on network congestion.

Why is my withdrawal option disabled?

Common reasons include incomplete KYC verification, security holds, or regional restrictions. Ensure your account is fully verified under Profile > Verification.

Are there tax implications for cashing out?

Yes. Converting crypto to fiat is a taxable event in most countries. Consult a tax professional and use Crypto.com Tax reporting tools.

Can I cash out without a bank account?

Yes. Options include:

• Withdrawing crypto to P2P exchanges
• Using the Crypto.com Visa Card at ATMs
• Gifting crypto to trusted contacts (check local regulations)

What’s the minimum cash out amount?

Minimum fiat withdrawals start at $20 equivalent. Crypto withdrawals vary by token (e.g., 0.001 BTC for Bitcoin).

Final Recommendations

Mastering how to cash out on Crypto.com empowers you to access your crypto profits securely. Always prioritize security with withdrawal whitelisting and 2FA, monitor fees, and stay informed about platform updates. For large withdrawals, consider splitting transactions to stay under bank transfer limits. Remember to account for tax obligations and document all transactions for reporting purposes.