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How to Withdraw Crypto from an Exchange

Last Updated on February 26, 2024

James Headshot
Written by
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Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Quick Answer:

To withdraw crypto from Kriptomat, register and verify your account, link your bank, deposit crypto, sell it for euros, and withdraw to your bank. Withdraw fiat from Crypto.com by linking your bank, choosing “withdraw”, selecting a currency, entering an amount, and confirming.

Ensure account security by using 2-factor authentication and address whitelisting. Be mindful of fees, minimums, and withdrawal limits. Kriptomat withdrawals can take a few hours to three business days, while Crypto.com typically processes within two hours.

For Crypto.com, reach at least Starter level, select your crypto, choose a withdrawal method, confirm the amount, and finalize the withdrawal. Always double-check withdrawal details for accuracy and security.

Withdrawing cryptocurrency from an exchange requires following specific steps to ensure the process is secure and smooth.

Platforms like Kriptomat and Crypto.com offer guided procedures for withdrawal.

In this guide, we will walk you through the process of withdrawing crypto from these popular exchanges, providing step-by-step instructions and highlighting key security measures.

Bitcoin gold coins in hands with black background

Withdrawing Crypto From Popular Exchange Platforms

The withdrawal process and withdrawal time frame will depend on your chosen cryptocurrency exchange.

Exchange PlatformWithdrawal ProcessWithdrawal Time
KriptomatRegister, verify bank account, deposit crypto, sell to convert to euros, withdraw eurosA few hours to up to three business days
Crypto.comLink bank account, select “withdraw”, choose fiat currency, enter amount, confirm withdrawalVaries; typically processed within two hours

Step-by-Step Guide to Withdrawing Crypto from Kriptomat

Kriptomat offers a secure platform for withdrawing cryptocurrency, and following these steps will ensure a successful withdrawal.

Step 1: Register an Account

To get started, visit the Kriptomat website and create an account. Provide the necessary information and complete the registration process.

Step 2: Add and Verify Your Bank Account

Next, add your bank account details to your Kriptomat account. This step is important to link your bank account for withdrawal purposes. Ensure that you provide accurate information and follow the verification process to complete the setup.

Step 3: Deposit Your Crypto

After setting up your bank account, you can now deposit your cryptocurrency into your Kriptomat account. Follow the instructions provided to make a successful deposit.

Step 4: Sell Crypto and Convert to Euros

Once your crypto is deposited, navigate to the trading section on the Kriptomat platform. Choose the cryptocurrency you want to sell and convert it into euros. Make sure to double-check the details and confirm the trade.

Step 5: Withdraw Euros to Your Bank Account

Finally, it’s time to withdraw your euros to your linked bank account. Enter the withdrawal amount and review the details. Once verified, submit the withdrawal request. The processing time may vary, but it usually takes a few hours to a maximum of three business days for the funds to reach your bank account.

StepDescription
1Register an Account
2Add and Verify Your Bank Account
3Deposit Your Crypto
4Sell Crypto and Convert to Euros
5Withdraw Euros to Your Bank Account
hand of a woman holding a currency bitcoin

Withdrawing Fiat Money from Crypto.com

If you prefer to withdraw fiat money instead of cryptocurrency from an exchange, Crypto.com provides a straightforward process. To begin, open the Crypto.com application and link your bank account. This ensures a seamless transfer of funds. Once your bank account is successfully linked, you can easily withdraw your chosen fiat currency.

When withdrawing fiat money from Crypto.com, you have the convenience of selecting your preferred fiat currency.

Whether it’s USD, EUR, GBP, or any other supported fiat currency, you can choose the one that suits your needs. Simply enter the withdrawal amount and confirm the withdrawal.

It’s worth noting that there are monthly withdrawal limits and minimum withdrawal amounts set by Crypto.com. These limits may vary depending on your account level. Additionally, fees may apply for fiat withdrawals, so it’s important to be aware of any associated costs.

Key PointsWithdrawal Process
1.Link your bank account
2.Select “withdraw” option
3.Choose preferred fiat currency
4.Enter withdrawal amount
5.Confirm withdrawal

Secure Withdrawal of Crypto from Crypto.com

With Crypto.com, you can easily withdraw your cryptocurrency securely by following these steps and implementing recommended security measures.

  1. First, ensure that your account is at the Starter level or higher. This is a requirement for initiating withdrawals from Crypto.com. Once you meet this criteria, you can proceed with the withdrawal process.
  2. Select the specific cryptocurrency you wish to withdraw from your Crypto.com account. Whether it’s Bitcoin, Ethereum, or any other supported cryptocurrency, make sure you choose the correct one.
  3. Next, choose the withdrawal method that suits your needs. You have the option to withdraw to an external wallet address or directly to the Crypto.com app if it’s connected to the exchange. Select the method that works best for you.
  4. After selecting the withdrawal method, confirm the withdrawal amount. Double-check the amount to ensure accuracy before proceeding.
  5. Finally, confirm the withdrawal. Take an extra moment to review all the details before confirming the withdrawal to ensure it aligns with your intentions.
StepAction
1Ensure your account is at the Starter level or higher
2Select the cryptocurrency you want to withdraw
3Choose the withdrawal method (external wallet address or Crypto.com app)
4Confirm the withdrawal amount
5Verify the details and confirm the withdrawal
Businessman hands holding tablet with bitcoin

Conclusion

Safely withdrawing cryptocurrency from an exchange requires careful attention to details, adherence to platform-specific guidelines, and awareness of security measures.

By being diligent and following the platform-specific guidelines, you can securely withdraw your crypto assets from exchanges.

Frequently Asked Questions

How do I withdraw crypto from an exchange safely?

To withdraw crypto from an exchange safely, you need to follow several steps. First, ensure you have enabled 2-factor authentication and whitelisted your withdrawal addresses. Then, follow the platform-specific guidelines provided by the exchange. Be aware of any fees, minimum withdrawal amounts, and withdrawal restrictions.

What are the steps to withdraw crypto from Kriptomat?

To withdraw crypto from Kriptomat, you need to register an account, add and verify your bank account, deposit your crypto, sell the crypto to convert it into euros, and finally withdraw the euros to your bank account. The process usually takes a few hours but may take up to three business days to reach your bank account.

How do I withdraw fiat money from Crypto.com?

To withdraw fiat money from Crypto.com, you need to open the Crypto.com application, link your bank account, select the “withdraw” option, choose the fiat currency you prefer, enter the withdrawal amount, and confirm the withdrawal. There are limits on monthly withdrawals and minimum withdrawal amounts.

What are the withdrawal options for Crypto.com?

At Crypto.com, you can withdraw crypto to an external wallet address or to the Crypto.com app if connected to the exchange. The process involves selecting the cryptocurrency, choosing the withdrawal method, confirming the amount, and finally confirming the withdrawal. Withdrawals from Crypto.com are generally processed within two hours.

How can I ensure the security of my crypto withdrawals?

To ensure the security of your crypto withdrawals, make sure to enable 2-factor authentication and whitelist your withdrawal addresses. Always double-check the accuracy of the address before confirming the withdrawal. Be cautious of phishing attempts and avoid sharing sensitive information with anyone.

About The Author

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

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