Withdraw Crypto To Bank Account

Posted By admin On 12/04/22

Crypto Earn Fixed Term Deposits Auto Transfer to Crypto Wallet Upon Maturity

The largest crypto bank in the world. Checking and savings accounts in Bitcoin (BTC), Ethereum (ETH), Tether (USDT). Instant crypto loans. Like any of the other crypto exchanges on this list, you will need to have a valid bank account, and go through an ID verification process before you withdraw any fiat currency from bitFlyer. The exchange is based in Japan, and offers fiat currency withdrawal services to people outside of the USA as well. You can withdraw funds directly to your bank account or to private wallets on seven crypto networks. Withdraw directly to your bank account Withdraw directly to a crypto network Was this article helpful? 3 out of 11 found this helpful.

<Hong Kong, November 28, 2019> Today, Crypto.com announces a new method for users to withdraw from Crypto.com Fiat Wallet, supporting up to 21 fiat currencies.* Users now have the option to sell cryptocurrencies** to fiat and withdraw fiat to their personal bank account. The addition of multi-currencies fiat withdrawal via international bank transfer is a frequently requested feature that further strengthens the utility of Crypto.com platform.

To start selling cryptocurrencies to fiat, users need to set up the corresponding fiat currency wallet first in order to see the option in the sell crypto drawer. To activate fiat withdrawal, users are required to deposit the corresponding fiat currency via international bank transfer to Crypto.com once before Crypto.com can transfer funds to the same bank account.

Fees: Crypto.com does not charge any fee for the fiat withdrawal, yet fees may be imposed by the receiving bank and intermediary bank(s). The estimated fees vary by the location of the recipient bank account and will be calculated and deducted from your withdrawal amount when you submit the withdrawal request.

Supported currencies: AUD, BGN, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, USD, ZAR

Click here to learn more about the step-by-step withdrawal flow and other details.

Crypto EarnFixed Term Deposits Auto Transfer to Crypto Wallet Upon Maturity

Please note that we are updating the Crypto Earn T&Cs, which will take effect on 29 November 2019, 09:00 UTC. Upon maturity of the fixed term deposits placed in Crypto Earn, the principal will be transferred automatically to the respective crypto wallet in the Crypto.com App.

*Please note that only users who are geographically based within our service partner’s permitted jurisdiction will see up to 21 currencies fiat deposit and withdrawal option via international bank transfer. This requires app version iOS 3.42/ Android 3.42 or higher.

**This service will be available for all supported tokens with the exception of trade-only coins.

Bank transfers via ACH Network are a relatively inexpensive way for U.S. residents to transfer funds from their bank account into the Crypto.com App.

Which USD deposit method is best for you?

ACH or Wire Transfer

Withdrawing crypto to bank account

ACH

Wire

Minimum Transfer

$20 per transaction

$5,000 per transaction

Maximum Limit - Daily

$20,000 or 5 times per day

$100,000 or 5 times per day

Maximum Limit - Monthly

$50,000 or 30 times per month

$250,000 or 30 times per month

Processing Time

3-5 business days

1-2 business days

Eligibility

  1. US users with U.S. Residential address (P.O boxes are not acceptable)
  2. Social Security Number
  1. US users with U.S. Residential address (P.O boxes are not acceptable)
  2. Social Security Number

Requirement

  • No third party transfers
  • USD transfers only
  • Transfers from U.S based bank account
  • No third party transfers
  • USD transfers only
  • Transfers from U.S based bank account

Fee

Crypto.com does not charge a fee for this service. Your bank may charge a separate fee.

Please check with your financial institution prior to initiating a transfer.

Crypto.com does not charge a fee for this service. Your bank may charge a separate fee.

Please check with your financial institution prior to initiating a transfer.

Please be aware of the following:

  • Funds will be returned if you transfer below or beyond the limits
  • Crypto.com Visa Cardholders do not hold an online checking or savings account with Metropolitan Commercial Bank
  • Crypto.com App users cannot use the Crypto.com routing and account numbers for withdrawals, transfers, or bill payments
  • All outbound transfers, account log in, and requests for bank statements must be done via the Crypto.com App

Who is eligible for a USD fiat wallet?

U.S. users (having US ID or driving license, and US phone number) who meet all of the following requirements are eligible to use wire transfer or ACH Direct Deposit to deposit USD into the fiat wallet:

  1. Has a Social Security Number (SSN)*
  2. Has a U.S. Residential Address (P.O box are not acceptable)
  3. Has a bank account that is located within the U.S.

*Social Security Number is required only for creating a USD fiat wallet. Submitting your social security number to us will not trigger a credit check. It will not be required for each deposit transaction.

How to set up my USD fiat wallet?

Users who have previously set up USD fiat wallet

USD deposits coming from ACH direct deposit will be stored within the same USD fiat wallet as deposits from wire transfer. Thus, you will not be required to provide additional information.

We would still require you to accept our terms and conditions and go through the instructions to familiarize yourself with this deposit method.

Here are the steps you would need to take:

  1. Go to “Accounts” on the bottom navigation bar
  2. Tap on “Fiat Wallet”
  3. Tap on “US Dollars”
  4. Tap on “Set up” in the ACH Transfer section
  5. Read through the instructions and Terms and Conditions
  6. Check the box to agree to the Terms and Conditions and tap “Next”
  7. Read through all the information required for initiating an ACH direct deposit

Users who have not set up USD fiat wallet previously

Setting up a USD wallet is a simple process that only requires a few steps. We will need the following information from you so please have them ready:

  • Social Security Number (SSN)*
  • U.S. Residential Address (P.O box are not acceptable)

Crypto Bank Accounts

*It will NOT trigger a credit check

Here are the steps you would need to take to set up the USD fiat wallet:

  1. Go to “Accounts” on the bottom navigation bar
  2. Tap on “Fiat Wallet”
  3. Tap on “+ Set Up New Currency”
  4. Select “US Dollars”
  5. Read through the instructions and Terms and Conditions
  6. Check the box to agree to the Terms and Conditions and tap “Next”
  7. Submit your residential address and Social Security Number

Once our team has reviewed your information and approved your application, you will be able to deposit USD into your fiat wallet using wire transfer and ACH direct deposit.

Information required:

  1. U.S. Residential Address (P.O box are not acceptable)
  2. Social Security Number (SSN)**

**This will NOT trigger a credit check

Once our team has reviewed your information and approved your application, you will be able to deposit USD into your fiat wallet using wire and ACH transfer.

How to deposit USD via ACH direct deposit?

Withdraw crypto to bank account kraken

Upon successful setup of USD Fiat Wallet, you will see an information page with all the necessary details to transfer USD from your bank account via the ACH network.

You can locate the deposit details in the following steps:

  1. Head to “Fiat Wallet”
  2. Tap on “Transfer”
  3. Tap on “Deposit”
  4. Tap on “United States Dollar”
  5. Tap on 'ACH'

The required information includes:

Withdraw Crypto To Bank Account India

  • Routing Number
  • Account Number
  • Account Type: Checking
  • Bank: Metropolitan Commercial Bank
  • Bank Address: 99 Park Avenue, New York, NY 10016

Please Note:

  • Crypto.com Visa Cardholders do not hold an online checking or savings account with Metropolitan Commercial Bank
  • Crypto.com App users cannot use the Crypto.com routing and account numbers for withdrawals, transfers, or bill payments
  • All outbound transfers, account log in, and requests for bank statements must be done via the Crypto.com App
  • Only USD transfers from bank accounts matching your name will be accepted. However, salary deposits from the user's employers are accepted (a proof from you may be requested).

How can I use the funds deposited from ACH direct deposits?

Once the funds are deposited to your account (you will receive an in-app notification and an email).

Funds in your USD fiat wallet can be used for:

  • Purchasing crypto in the Crypto.com App
Withdraw Crypto To Bank Account

To Purchase Crypto

  1. Tap the Buy button on the homepage
  2. Selecting the crypto you wish to buy
  3. Choose Fiat Wallet from the options available on the screen
  4. Select USD

Top up your Crypto.com Visa card

  1. Go to the Card page
  2. Tap on Top Up
  3. Select Fiat Wallet
  4. Input the top-up amount in USD
  5. Confirm the transaction (Rate will be held for 15 seconds)

How to withdraw USD?

Please refer to USD Withdrawal via ACH for more information.

Troubleshooting

There are a few things to remember when making a USD bank transfer to your Crypto.com App:

  1. USD: Only USD transfers will be accepted from a bank account on the ACH network.
  2. Your Named Account: We can only accept transfers from bank accounts opened under your own name. 3rd party transfers (e.g. payments from your customers, friends, family, etc.) will not be accepted. Specifically, we will not accept transfers from crypto exchanges (e.g. Kraken, Bittrex, etc.).
  3. Processing Time: Although USD bank transfers are very fast (usually same or next-day), please allow 3-5 business days for the funds to arrive to your account, especially if you are transferring money to your App for the first time.

If you do not see the funds in your App by that time, please email our support at [email protected] or use the in-app/website chat (you can find in-app chat in the Settings section).

Common Issues: The most common reasons for your transfer being on hold (i.e. not reaching your App within 3-5 business days), are:

  • The name of your bank account does not fully match your name on our record.
  • You sent the funds from a joint account.
  • Your transfer was not made from a bank, but a payments processing company (e.g. PayPal, Transferwise, etc.).
  • Your bank transfer was not from a bank on the ACH network, or that it came from an unsupported institution (e.g. a crypto exchange).
  • You have deposited over the daily limit of $20,000 USD or 5 times per day

When contacting our support, please be ready to provide us with supporting documents (e.g. a bank statement) showing your full name, bank account you made the transfer from, and - ideally - the transaction itself.