How To Sell Crypto on Crypto.com
Crypto.com users choose this platform to manage their digital funds due to the transparency and efficiency it offers.
Among the many services offered by Crypto.com, it’s possible to sell crypto and turn it into fiat money within just a few steps.
Controlling your personal finance and your funds is fundamental for having a good crypto experience.
It doesn’t matter if you want to start purchases of a new coin and then turn it into USD or EUR; we are either way show you how to do it in this article.
Keep on reading this blog post so you can get more information about the following topics:
- How to sell crypto on Crypto.com;
- Step-by-step guidance so you can sell your crypto currency efficiently;
- Important things you need to know before selling a currency on Crypto.com.
How to Sell Crypto on Crypto.com
Those who want to get their assets sold have the option to do so by using the Crypto.com app.
The Crypto.com app provides a user-friendly interface where making any kind of transaction is pretty straightforward.
Users can download this app both for Android and iOs devices.
What’s more, those who trade, sell, make purchases or pay for cryptos on this platform are aware of the ease of doing all these procedures.
In any case, if you want to sell cryptos from your wallet in order to get fiat money, then you first must set up a fiat wallet.
So, let’s get to it!
Read Also: Looking to mine some sweet Ravencoins and sell them later to get a nice fiat revenue? Don’t miss the chance to do it!
We have written a guide about How to Mine Ravencoin, so go and check it out to get all the information you need.
Step 1: Set Up Your Fiat Wallet
If you don’t correctly set up a fiat wallet in Crypto.com, then you will only be available to exchange cryptos and nothing more.
The Crypto.com app allows you to set up a payment method where they can later deposit money and pay you.
Thus, your fiat wallet is a fundamental part of the process, so you can’t skip this step.
In order to do this, follow these steps:
- Log in to the app with your email address and password and go to “Fiat Wallet;”
- Tap on “Set up new currency,” and a screen with all supported currencies will appear;
- The platform will ask you for personal details, residential address, financial information, and more. Follow on-screen instructions to properly link your bank account to Crypto.com.
Pro Tip: Are you having trouble trying to set up your fiat wallet? Visit Crypto.com official YouTube channel!
There, you will find videos that provide a basic understanding of selling, buying, trading, and more on the Crypto.com platform.
Step 2: Go to “Trade” on Your Crypto Wallet
Once the fiat wallet is appropriately set up, you can now start to sell crypto.
Go to the “Trade” option on the app’s main screen.
All your cryptos and coins will appear on the screen.
For example, you’ll be able to check how many Bitcoin, Ethereum, and more you have.
Select the asset you want to sell and proceed.
Step 3: Select the Crypto Assets You Want to Sell
Now, choose the specific crypto you want to sell in the following list.
Carefully check the amount of coins you wish to sell from your wallet.
Now, since you want to convert this from a cryptocurrency wallet to a fiat wallet, then you need to continue with the process intuitively.
Once again, be sure to select the right crypto and the correct amount, so you don’t end up making any kind of mistake during the transaction process.
Also, select the proper fiat wallet on the screen.
If you live in Europe, then you might want to select the EUR fiat wallet.
The same goes for those who live in the USA, you must choose the USD fiat wallet.
Step 4: Confirm the Selling Process and Get the Funds as Fiat Money
Finally, you need to confirm the transaction in order to get finished with it.
A screen with network fees and all additional fees will show on the app.
It’s fundamental to double-check everything before tapping on “Confirm.”
Once you have everything sorted out, it’s time to tap that button and proceed.
You have now successfully sold your cryptos for fiat money!
Nonetheless, these funds will still remain in your Crypto.com wallet until you decide to withdraw them.
Step 5: Withdraw the Money to Your Bank Account
Now, the only thing left to do is to get the funds to your bank account.
Now that you have efficiently sold the cryptos, you might want to be able to use the funds either way.
Of course, you can keep them in your Crypto.com fiat wallet, but at one point, you will need to take them out.
Luckily, we have written a guide that shows you How to Withdraw Money from Crypto.com, so give it a good read to learn how to do this.
That’s all you need to know about this matter!
We hope this content was useful for you.
Learn more about Crypto.com on GrowFollowing.
How To Sell Crypto on Crypto.com FAQ
Do I Need to Verify My Account to Sell Crypto on the Crypto.com App?
The KYC verification process is required to unlock all major features of the Crypto.com platform, including setting up fiat wallets. To learn more about this, check Crypto.com official website.
Is My Data Safe on Crypto.com?
Crypto.com Security Infrastructure is designed to keep the personal information of all their users safe and sound. So yes, this platform is as secure as they get!
Steve specializes in cryptocurrency and finance. As a born researcher, he won’t leave any stone unturned when it comes to topics he covers.