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Hey everyone! If you’ve been holding some crypto and are finally ready to cash out on Crypto.com, I’ve got you covered. I went through this process myself, and I’ll walk you through it in simple steps—no confusing jargon, promise!
Step 1: Move Funds to the App
First, make sure your crypto is in the Crypto.com App (not the DeFi Wallet). If it's in the Crypto.com DeFi Wallet, just transfer it over. If you ever get stuck, DeFi Wallet Customer Service is super helpful—they’ve walked me through a few transfers before.
Step 2: Sell Crypto for Fiat
Once your crypto is in the app:
- Go to Accounts > Crypto Wallet
- Select the coin you want to cash out
- Tap “Sell”
- Choose to sell it for your local currency (like USD, EUR, etc.)
You can either send it straight to your Fiat Wallet or to your Crypto.com Visa Card if you have one (handy for spending).
Step 3: Withdraw to Your Bank
After selling, go to your Fiat Wallet and:
- Tap “Transfer”
- Select “Withdraw”
- Then “Bank Transfer”
Make sure your bank is already linked. If not, just follow the prompts to add your account.
A Quick Note About Taxes
Now, about taxes… If you’re thinking “how do I avoid capital gains tax on cryptocurrency?”—the honest truth is: it’s tricky. In most countries, you can’t really avoid it, but you can plan smartly. Some people hold longer for better tax rates, or offset gains with losses. If you’re unsure, it might be worth chatting with a tax pro.
Final Thoughts
Cashing out on Crypto.com is pretty straightforward once you’ve done it once. Just remember to double-check fees and timing—bank transfers can take a couple of days. And if anything goes weird, don’t stress—DeFi Wallet Customer Service and the support team on the main app are usually quick to help.
Got questions or tips of your own? Drop them in the comments!
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