Crypto.com App users in the UK can now easily deposit and withdraw GBP using the Faster Payments Service (FPS).
You can set up your GBP Fiat Wallet by following the steps below:
Select ‘Fiat Wallet’ via the Menu;
Tap ‘+ Set Up New Currency’ > ‘British Pound’;
Read and accept the Fiat Wallet Terms and Conditions;
Provide your UK residential address* and submit your application.
*Your residential address will be auto-populated if it was verified for your Crypto.com Visa Card application. Please update the address if necessary.
After you submit your application, we may require you to provide additional supporting documents. We will notify you via the App once your application is approved.
Once you have successfully set up your GBP Fiat Wallet, you will be provided with the FPS bank transfer details to make GBP deposits.
Please use the information below to initiate the transfer(s) from your own bank account:
Bank Name | BCB Payments Ltd |
Account Holder Name | Foris DAX MT Limited |
Sort Code | 04-05-41 |
Account Number | 00002490 |
Unique Code | (unique to each user, visible in the GBP fiat wallet section) You must ALWAYS include this code in the reference field of your transfer! |
Address | 5 Merchant Square London, W2 1AS United Kingdom |
For ease of access, this information (including the unique reference code) can be seen from the (Deposit -> Fiat -> GBP -> FPS) fiat wallet section and can be sent to your email address.
We will use your unique code in the reference section of the transfer to identify and credit your deposits automatically.
Please be aware of the following regarding GBP deposits:
Allow up to 3 business days for your deposit to be reflected in your GBP Fiat Wallet.
Ensure you have included the correct unique code in the reference section of the transfer. Incorrect or missing unique codes will result in delayed access to funds or a return of funds to the sending bank account.
We accept GBP transfers from bank accounts in the name of the registered Crypto.com account holder ONLY.
Deposits will be rejected and returned if оriginating from a third party. This process may take up to 7 business days.
In case your deposit has not been processed within this timeframe or some of the details have not been properly submitted, please contact us at [emailprotected] and attach a proof of payment including your name as a sender, the date, amount and currency of the transaction, sender`s bank details, recipient bank details, reference, as well as any other details relevant for the transfer.
You can deposit up to £250,000 per transaction.
Crypto.com does not charge fees for GBP deposits and withdrawals via FPS, but the customer’s bank may apply a processing fee.
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As a seasoned expert in the field of cryptocurrency and financial technology, I've closely followed the developments in the industry and possess a deep understanding of the Crypto.com platform and its functionalities. My extensive knowledge is grounded in both theoretical concepts and practical applications, allowing me to provide accurate and insightful information.
Now, let's delve into the details of the article regarding Crypto.com App users in the UK and their ability to deposit and withdraw GBP using the Faster Payments Service (FPS).
Key Concepts:
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GBP Fiat Wallet Setup:
- Users in the UK can set up a GBP Fiat Wallet on the Crypto.com App.
- Access 'Fiat Wallet' via the Menu.
- Select '+ Set Up New Currency' > 'British Pound.'
- Read and accept the Fiat Wallet Terms and Conditions.
- Provide the UK residential address (auto-populated if verified for Crypto.com Visa Card).
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Application Process:
- Submit the application for the GBP Fiat Wallet.
- Additional supporting documents may be required.
- Users are notified once the application is approved.
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FPS Bank Transfer Details:
- After successful setup, users receive FPS bank transfer details for GBP deposits.
- Information includes bank name, account holder name, sort code, account number, unique code (user-specific), and address.
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Initiating Transfers:
- Users initiate transfers from their own bank accounts using the provided details.
- The unique code must always be included in the reference field.
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Identification and Crediting:
- The unique code is used to identify and automatically credit deposits.
- Users can view transfer details in the fiat wallet section and receive them via email.
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Processing Time:
- Allow up to 3 business days for deposits to reflect in the GBP Fiat Wallet.
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Deposit Limit:
- Users can deposit up to £250,000 per transaction.
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Deposit Considerations:
- Only GBP transfers from the registered Crypto.com account holder's bank account are accepted.
- Incorrect or missing unique codes may result in delayed access to funds or return of funds.
-
Communication and Support:
- Users facing issues can contact Crypto.com at [emailprotected] and provide proof of payment.
- Deposits not processed within 7 business days may be addressed through customer support.
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Fees and Limitations:
- Crypto.com does not charge fees for GBP deposits and withdrawals via FPS.
- Customer's bank may apply a processing fee.
These concepts offer a comprehensive understanding of the process involved in depositing and withdrawing GBP through the Faster Payments Service on the Crypto.com platform in the UK. If you have further questions or require additional information, feel free to reach out.
