Today, Crypto.com announces a new method for users to withdraw from Crypto.com Fiat Wallet, supporting up to 21 fiat currencies. 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.
Users now have the option to sell cryptocurrencies to fiat and withdraw fiat to their personal bank account. This service will be available for all supported tokens with the exception of trade-only coins. 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
Crypto.com has also updated its Crypto Earn T&Cs, which took effect on 29 November 2019, 09:00 UTC. The company said that upon maturity of the fixed term deposits placed in Crypto Earn, the principal and interest generated will be transferred automatically to the respective crypto wallet in the Crypto.com App.