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How to Withdraw Money From Crypto.com

How to Withdraw Money From Crypto.com

Chances are that when you’re reading this guide, you’ve traded crypto on Crypto.com for a while but want to withdraw your cryptocurrency holdings. It doesn’t matter whether you’re a professional crypto trader or completely new to the world of crypto, your digital assets need to be stored in a safe, secure, and reliable cryptocurrency wallet. 

In this comprehensive step-by-step how to withdraw money from Crypto.com guide, we will explain everything you need to do in layman’s terms so that you too can transfer your assets from Crypto.com to Zengo completely hassle-free.

How to Withdraw Money From Crypto.com

How to Withdraw Money From Crypto.com to Zengo - Step-by-Step Guide

In order to get started withdrawing your money from Crypto.com, you’ll need a secure non-custodial crypto wallet like Zengo first. 

Zengo is a next-generation non-custodial wallet that you can use to safely store your crypto. The wallet software is powered by industry-leading MPC technology, which is a cryptographic protocol that distributes transactions and data across multiple parties where no individual party can see the other’s data. The usage of this MPC technology makes Zengo more secure than a hardware wallet. Zengo has never been hacked, thanks to its guaranteed biometric account recovery feature, no private key vulnerability, and its built-in Web3 firewall. 

Make sure your Zengo wallet is verified and good to go before you continue with the steps below.

To withdraw your digital assets from Crypto.com, follow these instructions carefully:

How to See if Your Funds Have Arrived in the Zengo App?

Checking whether your funds have arrived in the Zengo app is very simple and straightforward. Simply open the app, log in with facial recognition, and check the main balance page. If you want to see an overview or more details about certain transactions, simply open the history tab by tapping on the ‘’History’’ button on the lower right corner of your screen. 

Keep Your Crypto Safe and Secure With Zengo

Zengo is a must-have crypto wallet for those seeking a secure non-custodial wallet on which to store cryptocurrencies and NFTs as well as access DeFi trading and staking platforms.

The Next Generation of Crypto Wallet Security

Zengo is one of the safest and most secure crypto wallets available to retail users today. The wallet app utilizes state-of-the-art MPC technology, three-factor authentication with biometric login and transaction confirmation for an extra layer of security. With Zengo, you don’t need to remember any difficult seed phrases as your face is used to generate a truly unique and secure seed to access your digital assets!

Not Your Keys, Not Your Coins & Fiat Onramp

With Zengo’s non-custodial wallet, you are in complete control of your own private keys without having to worry about security or losing access to your funds. Furthermore, our fiat on-ramp service allows you to easily diversify and grow your crypto portfolio by purchasing your crypto of choice with fiat currency. Aside from that, you can also take part in our savings program

24/7 Real Human Customer Support

If you ever need any assistance with your Zengo wallet, you can contact our real human customer support staff at any time, even on weekends and holidays. Alternatively, you can check out our Help page to see if your question has already been answered.

How to Withdraw From Zengo’s Wallet

With Zengo, you can easily send crypto to other wallets or ‘’cash out’’ to fiat whenever you want. To send crypto to other wallets, tap on the ‘’Actions’’ button located in the main menu followed by ‘’Send’’. Now, simply fill in the amount of crypto you want to send, paste the receiving address or scan the QR code, and verify the transaction.

Rather cash out your crypto earnings to fiat? No problem! Simply tap on the ‘’Actions’’ button, and then on the ‘’Sell’’ button. As of writing this guide, you can sell your digital assets for Euros, British Pounds, and/or United States Dollars. 

Note that you have to connect your bank account to your Zengo wallet prior to requesting a fiat withdrawal and that it may take a few days for your funds to arrive.

FAQ's: Additional Information on How to Withdraw Money From Crypto.com

You don’t need to be an expert to notice the difference between Crypto.com and Zengo. Zengo is a next-gen non-custodial wallet where you are in total control of your private keys through the use of biometric facial recognition, whilst Crypto.com is a cryptocurrency exchange offering custodial wallet services. Added to this, Crypto.com is a so-called centralized exchange rather than a Web3 gateway app like Zengo.

Apart from standard miner fees, Crypto.com charges about $0,25 in the token you want to withdraw as withdrawal fees. In the case of a fiat bank transfer withdrawal, as of writing this guide, a $50 administration fee will be applied, but it may change in the future. Only institutional clients enjoy fee-free withdrawals at Crypto.com. 

All users have a daily maximum fiat withdrawal limit of $1,000,000 after they fully verified their Crypto.com account. There are no limits on cryptocurrency withdrawals at Crypto.com as of writing this guide.

It takes Crypto.com about 1 to 2 business days to process fiat withdrawals from the exchange, and cryptocurrency withdrawals are usually processed within 2 to 3 hours.

You withdraw crypto to fiat on Crypto.com by opening the Crypto.com app, tapping on ‘’Accounts’’, selecting ‘’Fiat Wallet’’, then tapping ‘’Sell Crypto’’, selecting the crypto you’d want to convert to fiat, tapping the ‘’Cash’’ button, entering the amount you wish to convert to fiat, and then confirming the transaction. 

Alternatively, you can just send your crypto to your Zengo wallet with a single tap until you truly want to cash out your crypto to fiat.

There are a lot of things that can go wrong when trying to withdraw money from Crypto.com. In the case of fiat withdrawals, your bank may not accept deposits from Crypto.com as it is a cryptocurrency exchange with little financial oversight. You could type the wrong receiving address in the case of a crypto withdrawal, causing the crypto to be sent to a non-existent wallet and, therefore, to be lost forever.

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