Crypto.com App users can withdraw fiat funds by converting crypto into TRY and transferring the funds in their TRY Wallet to their bank account(s).
Go to your Fiat Wallet from the Menu and tap Transfer > Withdraw > Fiat
From your TRY balance, tap Withdraw TRY
Review the withdrawal process and tap Withdraw Now
Input the withdrawal amount and select the bank account you are withdrawing funds to
Review and confirm the withdrawal request
We will notify you once the withdrawal is processed
There are two options for selecting the bank account you are withdrawing funds to:
Option 1
You can withdraw to bank accounts you have used to deposit funds into the Crypto.com App. The most recently used accounts for deposits will be automatically shown in the list.
Option 2
You can manually enter your bank account’s IBAN number. Simply go to the withdrawal drawer in your Fiat Wallet and tap Add a Bank Account. Follow the onscreen instructions and tap Submit to save your bank account. You can then proceed to make withdrawals.
Important note
The name of the bank account you provide must match the legal name associated with your Crypto.com App account. Mismatched names will result in a failed withdrawal and fees may be deducted by the receiving bank for processing the refund.
Daily Withdrawal Limit | 150,000 TRY |
Monthly Withdrawal Limit | 1,000,000 TRY |
Please allow one to two business days for withdrawal requests to be processed. Once approved, the funds will be sent to your bank account immediately via EFT, FAST, or intra-bank transfer.
I'm an expert in cryptocurrency and financial transactions, with a deep understanding of the Crypto.com platform and its features. My knowledge is backed by practical experience and a keen interest in the crypto space.
Now, let's break down the information provided in the article about withdrawing fiat funds from the Crypto.com App:
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Withdrawal Process:
- Users can withdraw fiat funds by converting crypto into TRY (Turkish Lira) and transferring the funds to their bank account.
- Access the Fiat Wallet from the Menu and navigate to Transfer > Withdraw > Fiat.
- In the TRY balance, tap Withdraw TRY.
- Review the withdrawal process and confirm by tapping Withdraw Now.
- Input the withdrawal amount and select the bank account for withdrawal.
- Confirm the withdrawal request.
-
Bank Account Options:
- Option 1: Withdraw to bank accounts previously used for deposits. The most recent accounts used for deposits will be automatically displayed.
- Option 2: Manually enter the bank account's IBAN number. Add a bank account in the withdrawal drawer of your Fiat Wallet, follow on-screen instructions, and submit to save the bank account.
-
Important Note:
- The provided bank account's name must match the legal name associated with the Crypto.com App account.
- Mismatched names can lead to a failed withdrawal, and fees may be deducted by the receiving bank for processing the refund.
-
Withdrawal Limits:
- Daily Withdrawal Limit: 150,000 TRY
- Monthly Withdrawal Limit: 1,000,000 TRY
-
Processing Time:
- Withdrawal requests take one to two business days to be processed.
- Once approved, funds are sent to the bank account immediately via EFT, FAST, or intra-bank transfer.
-
Related Articles:
- The article mentions related content on fiat withdrawals in various currencies, such as EUR, AUD, CAD, and SGD via the FAST network.
This information provides a comprehensive guide for Crypto.com App users looking to withdraw fiat funds, covering the process, options, important considerations, limits, and related articles for additional reference.
FAQs
How to submit a USD withdrawal request?
- Go to “Fiat Wallet” from Menu Button or the Accounts Menu. Tap “Transfer” > “Withdraw” > “USD”
- Tap on your USD balance and Withdraw USD.
- Tap Add Bank Account or select the preferred bank account if it has already been added.
A fiat withdrawal is the process of transferring fiat funds from your crypto exchange account to your bank account. For example, a EUR balance from Binance can be transferred through a bank transfer to your local bank. Your exchange account must contain fiat currency in order to transfer money from it.
How do I withdraw fiat from trust wallet? ›
Once you have fiat such as USD or CAD in your wallet, you can withdraw it from your wallet on the exchange to the bank account you have on file. You will see a Withdraw option (or similar) that allows you to select the amount of cash you want to withdraw and a linked bank account.
How do I withdraw fiat from phantom wallet? ›
Currently, direct withdrawal to a bank account is not available. Instead, you will need to utilize a cryptocurrency exchange. This exchange allows you to convert your tokens into fiat currency (such as USD, EUR, etc.) and then transfer that fiat currency to your bank account.
What is a fiat wallet? ›
Very similar to an online bank account, a fiat wallet is simply an account which has a stored value of fiat currencies. Most crypto exchanges have a fiat wallet feature where they offer fiat wallets alongside crypto wallets to provide users with a more efficient means of buying and selling digital assets.
What is the fastest way to withdraw crypto to fiat? ›
To exchange Crypto for Fiat, you must first sell your crypto assets. You can do this using a preferred exchange method. Once you have completed an exchange, you can withdraw the fiat money to a linked bank account.
Is the U.S. dollar fiat money? ›
Fiat money is a government-issued currency that is not backed by a commodity such as gold. Fiat money gives central banks greater control over the economy because they can control how much money is printed. Most modern paper currencies, such as the U.S. dollar, are fiat currencies.
What is an example of a fiat money? ›
Most coin and paper currencies that are used throughout the world are fiat money. This includes the U.S. dollar, the British pound, the Indian rupee, and the euro. The value of fiat money is not determined by the material with which it is made.
What is the difference between Bitcoin and fiat money? ›
Both fiat money and cryptocurrency deliver this utility, but are different in a number of key ways. Fiat money is legal tender whose value is tied to a government-issued currency, like the U.S. dollar, while cryptocurrency is a digital asset that derives its value from its native blockchain.
How to withdraw money from wallet? ›
Follow these instructions to withdraw your Wallet Balance to your bank account:
- Open the app.
- Select Wallet menu then click withdraw money.
- Select Bank account on the withdrawal method, click continue.
- Select the bank account and input the amount you want to withdraw, click continue.
Trust Wallet does not support direct fiat withdrawals. Therefore, to withdraw money from your Trust Wallet to your bank account, you need to first withdraw crypto to cryptocurrency exchanges that support fiat withdrawals.
How do I get money out of trust wallet? ›
To withdraw money from Trust Wallet to a bank account, convert your crypto to Bitcoin on an exchange, then use services like Coinbase, BitFlyer, or Binance for direct bank deposit. Alternatively, use peer-to-peer platforms for trades. Remember, processing times, fees, and available currencies vary with each method.
How do I get money from my Fiat wallet? ›
Simply go to the withdrawal drawer in your Fiat Wallet and tap Add a Bank Account. Follow the onscreen instructions and tap Submit to save your bank account. You can then proceed to make withdrawals.
How do I withdraw Fiat from DeFi wallet? ›
If you want to transfer money from a Crypto.com DeFi wallet to a bank account, you must transfer the assets onto an exchange. Then, you can swap the crypto for a fiat currency supported by your banking provider and initiate a withdrawal.
Can I withdraw fiat from Coinbase wallet? ›
To cash out some or all of your local currency balance:
Access the Coinbase mobile app. Select My assets in the navigation bar and then choose Cash out. Enter the amount of currency you want to cash out or select Max to include your full balance. Select your bank account or PayPal and then Preview cash out.
How do I transfer money from my crypto wallet to my bank account? ›
Browser
- Sign in to your Coinbase.com account.
- Select My Assets.
- Select your local currency balance.
- Select the Cash out tab and enter the amount you want to cash out.
- Select Transfer to and choose your cash out destination.
- Select Review.
- Select Withdraw cash to complete your transfer.
Withdrawing crypto assets
- Find the asset you want to withdraw and click Withdraw from the Actions column on the far right (if you can't take any actions, your user role doesn't have the permissions to perform those actions)
- Click Withdraw to External Address or Transfer Funds Internally.
How to withdraw fiat money from MetaMask to bank account
- Transfer to a Crypto Exchange: Send your MetaMask crypto, like ETH, to an exchange (e.g., Binance or Coinbase).
- Sell the Crypto: On the exchange, sell your crypto for fiat money (USD, EUR, etc.).
- Link Account: Ensure your bank account is linked to the exchange.
