How to Cash Out from Crypto.com

Cryptocurrencies have become increasingly popular in recent years as a potential investment opportunity. One platform that allows users to buy, sell, and store various cryptocurrencies is Crypto.com. But what happens when you want to cash out your digital assets? In this article, we will discuss the steps to cash out from Crypto.com.

Step 1: Verify Your Account

Before you can cash out from Crypto.com, you need to ensure that your account is verified. To do this, follow these steps:

Go to the "Settings" section.

Click on "Verify Account."

Provide the necessary identification documents for verification, such as a government-issued ID or passport.

Wait for the verification process to be completed. This can take a few business days.

Once your account is verified, you can proceed to the next steps.

Step 2: Transfer Your Cryptocurrency to the App Wallet

The second step is to transfer your desired cryptocurrency to the Crypto.com app wallet. Follow these steps:

Open the Crypto.com app on your mobile device.

Go to the "Accounts" tab.

Select the cryptocurrency you want to transfer.

Click on the "Transfer" button.

Enter the amount of cryptocurrency you wish to transfer and confirm the transaction.

Wait for the transfer to be completed. The time needed may vary depending on network congestion.

Once the transfer is successful, you can proceed to the next steps.

Step 3: Convert Your Cryptocurrency to Fiat

Now that your cryptocurrency is in the Crypto.com app wallet, you can convert it to fiat currency (e.g., USD, EUR, etc.). Follow these steps:

Go to the "Trade" tab in the Crypto.com app.

Select the cryptocurrency you wish to convert.

Choose the fiat currency you want to receive.

Enter the amount of cryptocurrency you want to convert or the fiat amount you want to receive.

Confirm the transaction.

Wait for the conversion to be completed. The time needed may vary depending on market conditions.

Congratulations! You have successfully converted your cryptocurrency to fiat currency.

Step 4: Withdraw Your Fiat Currency

The final step is to withdraw the converted fiat currency from Crypto.com. Follow these steps:

Go to the "Withdraw" tab in the Crypto.com app.

Select the fiat currency you want to withdraw.

Provide the necessary bank details, such as your account number and routing number.

Enter the amount of fiat currency you want to withdraw.

Confirm the withdrawal request.

Wait for the withdrawal to be processed. The time needed may vary depending on your bank's processing time.

Once the withdrawal is successful, you will receive the fiat currency in your bank account.

Conclusion

Cashing out from Crypto.com is a relatively straightforward process. By following the steps mentioned above, you can easily convert your cryptocurrencies to fiat currency and transfer it to your bank account. Just ensure that your account is verified and be aware of any fees or limits associated with cashouts. So, if you are looking to cash out your digital assets, Crypto.com can be a convenient platform to consider. Start your journey to financial freedom today!