How to Deposit Crypto into the Crypto.com App? (2024)

FAQs

How do I deposit my crypto account? ›

What is Pending Balance? Pending Balance is your deposited funds that have not settled yet, as it takes up to 7 business days. Crypto.com provides you with these funds within minutes, so you can start purchasing cryptocurrencies even when they are pending.

The minimum deposit or withdrawal for bank transfer is 500 USDC, and the fee to withdraw from your USDC wallet is 25 USDC.

The Fiat Wallet allows you to access, load, deposit, store, withdraw or transfer USD Funds in your Fiat Wallet which is a feature within the Crypto.com App. The USD Funds in your Fiat Wallet may be FDIC-insured depending on your state of residence.

Transfers generally take 1-2 business days to process.

Description: Your submitted application is pending our team's review. This is a case-by-case process and may take anywhere from a few hours to a couple of business days, depending on many factors (e.g. your country of application, nationality, quality of the pictures, etc.).

Withdrawals- Processing Time

Withdrawals to an external address may take 2-3 hours to process. Withdrawals to the Crypto.com App are instant.

How to purchase CRO and/or crypto in the Crypto.com App with my credit/debit card? Tap Buy and select CRO or your preferred crypto to purchase. Add your credit/debit card on the screen that follows, which will create a secure link to our payment gateway.

Yes, Crypto.com does report crypto activity to the IRS. US users who earn $600 or more in rewards from Crypto.com from Staking, Earn, Referrals, or certain other activities will receive a 1099-MISC tax form and the same form will be sent to the IRS.

Fees for Crypto Trading

Buying with a credit or a debit card will have a 2.99% fee, and if you exchange crypto within your account, the transaction will be free. SWIFT deposits and withdrawals will have varying bank transfer fees, and ACH and SEPA deposits and withdrawals are usually free.

Can I direct deposit into crypto? ›

Direct Deposit allows eligible users to transfer a portion of their paycheck or the entire paycheck to their Coinbase Account. Eligible users can determine if their paycheck will be deposited as USD into their USD balance, or converted into an available crypto asset of their choice in their respective crypto balances.

Just like how a bank FD can be booked through netbanking, crypto holders too can perform the transaction online after selecting a lock-in period. The platform then lends your crypto holdings to other exchange users as a margin for trading or even lets other bourses borrow for their liquidity needs.

How are fiat wallets and crypto wallets different? Crypto wallets are blockchain-based and contain the private and public keys to a user's crypto. Fiat wallets are more like a personal checking account. They are simply one way to store, send, and receive fiat currency.

A fiat wallet is only as secure as the platform on which it is hosted. There is no difference in safety between the cryptocurrency and fiat wallets, their security levels are tied to that of the platform. Providers of crypto and fiat wallets employ the most secure security measures to safeguard customer assets.

Because Crypto.com doesn't support fiat withdrawals just yet, you don't have immediate access to your money. Selling your crypto is the only way to access your fiat money through Crypto.com.

Binance offers instant deposits but does charge a transaction fee on every purchase or transfer you make on their network. This makes Binance one of the best platforms to invest, hold, and trade all of your crypto and NFTs.

Cryptocurrency transactions are confirmed on various blockchains, which can sometimes be overloaded. When this happens, you have to include a higher transaction fee when sending funds in order for the transaction to be confirmed faster, otherwise, it is stuck in the blockchain queue for long periods of time.

Your deposit amount is available for trading immediately. You can buy and sell BTC at any point, but you won't be able to withdraw any BTC you buy. 4–5 business days later, once your Instant ACH deposit clears, you will be able to withdraw the amount of your deposit and/or any BTC purchased with your deposit.

Crypto.com users can withdraw USD from the App by selling crypto to their USD fiat wallet and transferring USD funds from this wallet to their U.S. bank account(s) on the ACH network.

Does crypto com require SSN? ›

If you're linking a bank account in the United States, you'll be prompted to enter Know Your Customer (KYC) details to verify your identity, including your name, contact information, and Social Security number. Fully verified users can deposit funds and make withdrawals up to Crypto.com's daily and monthly limits.

For your account's security, whenever you need changes to be applied or information regarding your account, our customer support team may ask you to provide us a photo of yourself, declaring specific information.

This error means that the funds available in your wallet are lower than the recommended bitcoin miner fee level for getting a transaction added to the Bitcoin blockchain ("confirmed"). You still have access to your money, but it is not possible with your current settings to send the funds to another bitcoin address.

Visit crypto.com/exchange and select the Log In button (upper right-hand corner). After you have logged in to your account, click Wallet. Find your cryptocurrency to withdraw and select Withdraw from the ⋯ menu.

All Users' deposits are held in cold storage, for security reasons, however, withdrawal requests - for all cryptos - are automated. In most cases, withdrawals are almost instant and normally should take no longer than 2-3 hours to be processed.

Maximum withdrawal limit for all cryptos is BTC 10 (or equivalent) on a 24h rolling basis. Please check the Fees & Limits section in the app's Settings, for the most current information.

Connect your bank account and receive funds to buy crypto immediately.

Crypto received via blockchain network requires confirmation and the confirmation speed depends on how much your sender is willing to pay for the network fee. Your balance will be updated as soon as the first confirmation is received for the transaction.