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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.
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.
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.
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.
Powered by industry-leading MPC technology, Zengo is one of the safest and most secure crypto wallets on the market because it combines three-factor authentication and biometric keys instead of seed phrases so that only you can recover your wallet if you ever lose access to it.
The Zengo wallet enables you to stay in total control of your own keys while also allowing you to trade, swap, and stake your crypto. If you don’t own any cryptocurrency yet, Zengo’s fiat gateway allows you to easily add almost any crypto to your portfolio.
Apart from being the most secure non-custodial wallet, Zengo offers 24/7 real human customer support. This means that if you have any questions or problems, you can always reach out to Zengo.
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.
In case you have any further questions about withdrawing your coins from Crypto.com or if you need more in-depth information, please refer to the following frequently asked questions.
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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