The basic path: Crypto.com to fiat wallet to bank transfer
To move money from Crypto.com to your bank account, you first convert your cryptocurrency to fiat currency (dollars, euros, or your local currency) inside the Crypto.com app, then withdraw that fiat to your linked bank account. Crypto.com does not send cryptocurrency directly to most banks—the conversion step is required.
The process takes two separate actions: selling your crypto for fiat on the Crypto.com platform, then initiating a bank withdrawal. Each step has its own timeline and fees. Most bank transfers arrive within 1 to 5 business days, though some banks take longer.
You will need a verified Crypto.com account with your identity confirmed, a bank account linked to your Crypto.com profile, and enough crypto balance to cover any withdrawal minimums your region imposes.
Key Takeaways
- Sell your cryptocurrency for fiat currency inside the Crypto.com app first—you cannot withdraw crypto directly to most bank accounts.
- Link your bank account to Crypto.com and complete identity verification before you can withdraw; this can take 1 to 3 business days on its own.
- Withdrawal minimums and fees vary by country and region; check your Crypto.com account settings to see what applies to you.
- Bank transfers from Crypto.com typically arrive in 1 to 5 business days, but your bank may add extra processing time on their end.
- Crypto.com charges a flat fee per withdrawal, and your bank may charge an incoming wire fee; both reduce the amount that lands in your account.
Step 1: Sell your crypto for fiat currency on Crypto.com
Open the Crypto.com app or website and navigate to the Trade section. Select the cryptocurrency you want to convert—Bitcoin, Ethereum, or any other coin in your wallet. Choose "Sell" and enter the amount you want to convert to your local fiat currency.
Review the exchange rate and any trading fees Crypto.com charges. These fees vary but typically range from 0.4% to 1% of the transaction depending on your account tier and whether you are using the app or the exchange. Confirm the sale. Your fiat balance will update immediately in your Crypto.com account.
If you hold multiple cryptocurrencies, repeat this step for each coin you want to convert. You can sell all at once or in separate transactions—there is no penalty for doing it in stages.
Step 2: Link your bank account to Crypto.com
If you have not already linked a bank account, go to Settings in the Crypto.com app, select Bank Accounts or Payment Methods, and choose Add Bank Account. You will need to provide your full legal name, bank name, account number, and routing number (in the US) or the equivalent for your country.
Crypto.com will verify your bank account by sending two small test deposits to your account—usually $0.01 and $0.02 or similar amounts. Check your bank statement after 1 to 3 business days, then return to Crypto.com and enter the exact amounts of those deposits to confirm ownership. Only after this verification is complete can you withdraw to that account.
Some banks flag these test deposits as suspicious and hold them. If you do not see them after 3 business days, contact your bank to ask if they are pending. Once verified, your bank account remains linked to your Crypto.com profile for future withdrawals.
Step 3: Initiate the withdrawal to your bank
In the Crypto.com app, go to Accounts and select your fiat wallet (the one holding your converted currency). Tap Withdraw and select your linked bank account from the list. Enter the amount you want to transfer. Crypto.com will show you the withdrawal fee—this is a flat amount, not a percentage, and varies by region and currency.
Review the total: the amount you are sending minus the Crypto.com withdrawal fee. Confirm the withdrawal. Your fiat balance on Crypto.com will drop immediately, but the money has not yet left Crypto.com's system—it is now in a pending state.
Crypto.com will send the transfer to your bank using ACH (in the US) or the local equivalent in your country. You will receive a confirmation with a reference number. Save this number in case you need to track the transfer or dispute it later.
Withdrawal fees, minimums, and timing by region
Crypto.com charges a flat withdrawal fee that depends on your location and the currency you are withdrawing. In the US, ACH withdrawals typically cost $2 to $10 per transaction. Some regions have no fee for certain withdrawal methods, while others charge higher amounts for wire transfers. Check your Crypto.com account settings under Withdrawal Fees to see the exact cost for your region.
Most regions have a minimum withdrawal amount—often $10 to $50—below which you cannot withdraw. If your fiat balance is below the minimum, you will need to sell more crypto or wait until you have enough to meet it.
Timing varies: ACH transfers in the US arrive in 1 to 5 business days. SEPA transfers in Europe typically take 1 to 3 business days. Wire transfers are faster but usually cost more. Your bank may add 1 to 2 extra business days on their end, especially if the transfer arrives after hours or on a weekend.
What happens if your withdrawal is delayed or rejected
If your bank rejects the transfer, Crypto.com will return the funds to your fiat wallet within 5 to 10 business days. Common rejection reasons include a mismatched account number, a closed account, or your bank flagging the incoming transfer as suspicious. Contact your bank first to ask if they rejected it and why.
If the transfer is stuck in pending status for more than 7 business days, contact Crypto.com support with your withdrawal reference number. Provide your bank statement showing the transfer did not arrive. Crypto.com can investigate on their end and may be able to cancel and resend the transfer if there was an error on their side.
If your bank received the money but it went to the wrong account, that is a bank-side error. Contact your bank immediately—they can sometimes reverse the transfer if caught quickly. Crypto.com cannot reverse a transfer that has already been received by a bank.
Fees you will pay at each step
You face fees at two points: when you sell crypto to fiat, and when you withdraw fiat to your bank. The selling fee (trading fee) is charged by Crypto.com and ranges from 0.4% to 1% depending on your account tier and trading volume. This is deducted from the amount you receive in fiat.
The withdrawal fee is a flat amount set by Crypto.com and varies by region and currency. In the US, expect $2 to $10 per ACH withdrawal. Some banks also charge an incoming wire fee on their end, typically $5 to $15, though many do not.
To minimize total cost, convert larger amounts in fewer transactions rather than many small withdrawals. Each withdrawal triggers the flat fee, so one $500 withdrawal costs less than five $100 withdrawals.
Frequently Asked Questions
Can I withdraw crypto directly to my bank instead of converting to fiat first?
No. Most banks do not accept cryptocurrency deposits directly. Crypto.com requires you to sell your crypto for fiat currency first, then withdraw the fiat to your bank account. Some third-party services offer crypto-to-bank transfers, but they are not part of the standard Crypto.com process.
How long does it take from selling crypto to having money in my bank account?
Selling crypto to fiat is instant. The withdrawal to your bank takes 1 to 5 business days via ACH in the US, or 1 to 3 business days via SEPA in Europe. Your bank may add 1 to 2 extra days. Total time is usually 2 to 7 business days from the moment you initiate the withdrawal.
What if I do not have a bank account linked yet?
You must link and verify a bank account before you can withdraw. The verification process takes 1 to 3 business days after you provide your account details. Plan ahead if you need the money urgently—start the linking process as soon as you open your Crypto.com account.
Will my bank report this withdrawal to the IRS or tax authorities?
Your bank reports large deposits to tax authorities depending on your country's rules. In the US, banks report deposits over $10,000 to the IRS. Crypto.com also reports transactions to tax authorities in many countries. You are responsible for reporting the sale of crypto as a taxable event on your tax return, regardless of whether the bank reports it.
What should I do if Crypto.com says my withdrawal failed?
Check your Crypto.com account to see if the fiat balance was returned to your wallet. If it was, the withdrawal was cancelled and you can try again. Verify your bank account details are correct in your Crypto.com settings. If the problem persists, contact Crypto.com support with your withdrawal reference number and ask them to investigate why the transfer failed on their end.