How to Sell Crypto on Crypto.com in 2024

Cryptocurrencies like Bitcoin and Ethereum have seen tremendous growth in recent years. With major price swings, many crypto holders want to know how to easily and securely convert their digital assets to cash. Crypto.com provides a user-friendly platform for selling crypto at low fees and cashing out funds fast.

This step-by-step guide will fully cover the process of selling cryptocurrencies on Crypto.com and withdrawing fiat currency to your bank in 2024. Whether you‘re a beginner or experienced trader, follow the instructions below to sell crypto and earn maximum value from your digital currency holdings.

Why Sell Crypto on Crypto.com?

Before we dive into the how-to steps, let‘s look at why Crypto.com is a top choice for selling crypto assets:

• Secure and trusted platform – Crypto.com is a leading crypto company with over 10 million users worldwide. They utilize top security like cold storage wallets and SSL encryption to protect user funds.
• Low trading fees – Extremely competitive fees starting at just 0.4% make Crypto.com cheaper than most exchanges. No hidden costs.
• Fast withdrawals – Fiat funds from crypto sales can be withdrawn to your bank within 1-3 days, faster than many competitors.
• Ease of use – The platform and mobile apps are designed for simplicity. Easy to sell crypto even as a complete beginner.
• Excellent support – Knowledgeable 24/7 customer support via chat, email, phone, and social channels.
• High liquidity – Consistently over $4 billion in daily trading volume ensures fast order execution.
• Earn rewards – 10% back on trading fees plus potential card cashbacks and other rewards.

For these reasons, Crypto.com is widely used by over 50 million traders worldwide. Now let‘s dive into the step-by-step process.

Step 1: Sign Up for a Crypto.com Account

If you don‘t already have a Crypto.com account, the first step is to sign up:

1. Go to Crypto.com and click ‘Sign Up‘.
2. Enter your email and choose a secure password.
3. Verify your email address to confirm the signup.
4. Download the Crypto.com App on iOS or Android.
5. Complete the rest of the signup in the app.
6. Enter your personal details like full name, DOB, address etc.

This will create your Crypto.com account so you can start buying, selling, and trading crypto coins and tokens.

Step 2: Complete Identity Verification (KYC)

To access full functionality and withdraw funds, you‘ll need to complete identity verification:

1. In the app, go to Settings -> Verification.
2. Click ‘Continue‘ to start the KYC process.
3. Take a photo of your government ID such as a passport or driver‘s license.
4. Take a selfie photo to confirm matching to your ID photos.
5. Enter any additional personal details required.
6. Submit your verification request and allow 1-2 days for approval.

Completing KYC verifies you as the account owner for security, compliance, and withdrawal purposes.

Step 3: Deposit Crypto to Your Wallet

Before selling crypto, you need to have the crypto in your Crypto.com wallet:

• Buy crypto – Directly purchase popular coins like Bitcoin or Ethereum with credit/debit card right in the app.
• Transfer crypto – Send crypto here from an external wallet you already own.

Make sure to deposit the specific crypto you want to sell – for example, deposit Ethereum if you want to sell ETH. It will then be available to sell from your Crypto.com wallet.

Step 4: Set Up a Fiat Wallet

To receive cash from crypto sales, connect your bank account:

1. In the app, go to Accounts -> Fiat Wallet.
2. Choose your currency – EUR, USD, GBP etc.
3. Click ‘Transfer‘ to connect your bank account.
4. Enter your bank details and confirm the small deposit amounts.

This links your bank so fiat funds from crypto sells get deposited directly to your account. It also allows you to track your overall fiat balance.

Step 5: Access the Sell Option

Now you‘re ready to sell crypto. Access the trading page:

1. Tap ‘Trade‘ on the Crypto.com app home page.
2. For web, click ‘Trade‘ after logging into your exchange account.
3. This opens the trading dashboard with ‘Buy‘ and ‘Sell‘ tabs.
4. Click/tap on the ‘Sell‘ option.

You will then be taken to the crypto selling page to execute your trades.

Step 6: Select the Cryptocurrency

On the trading interface, you‘ll see a list of supported cryptos that you can sell:

• Scroll to find the specific currency you want to sell, like Bitcoin, Ethereum etc.
• Tap on the crypto‘s name to open the sell page for that coin.
• Or use the Search bar to quickly find the crypto you want.
• Make sure you have this crypto actually deposited in your wallet.

Selecting the crypto loads the trading pair and displays the current market price for selling.

Step 7: Enter Sell Order Details

On the sell page, you can enter the specifics of your sell order:

• Wallet – Select ‘Crypto Wallet‘ to sell from your deposited crypto.
• Amount – Enter the quantity or % of coins you want to sell.
• Type – Choose between a Market (instant) or Limit (set price) order.
• Price – If a Limit order, set your desired sale price per coin.
• Fees – The 0.4% trading fee will be shown.

Once details are entered, click/tap ‘Sell‘ to create the order.

Step 8: Review and Confirm Sell Order

Before placing the sell order on the market, you‘ll need to confirm:

• Carefully review the overview showing amount, fees, total sale amount etc.
• Double and triple check that all details entered are correct.
• If everything looks good, click ‘Confirm‘ to finalize the crypto sell order.

Doing your due diligence here ensures the transaction goes smoothly.

Step 9: Complete 2FA and Password

As a final step, you‘ll need to complete two-factor authentication:

1. If prompted, enter your 2FA code from your authenticator app.
2. Type in your account password when required.
3. Agree to the sell order terms.

This provides enhanced account security by verifying your identity before processing the trade.

Step 10: Track Order Status

You can monitor the status of your crypto sell order:

• It will first show as ‘Pending‘ after being placed.
• Once processed, the status changes to ‘Complete‘.
• Check ‘Order History‘ to see the status.
• You‘ll also see the crypto deducted from your wallet balance.

The crypto is usually sold and exchanged for fiat within minutes after confirming the order.

Step 11: Withdraw Fiat Funds to Your Bank

Once your crypto sell order is complete, withdraw the fiat funds:

1. Go to your Fiat Wallet and click/tap ‘Withdraw‘.
2. Select your linked bank account as the withdrawal method.
3. Enter the amount of fiat currency to withdraw.
4. Complete any extra identity verification steps.
5. Confirm the withdrawal details.

The fiat money from your crypto sale will typically reach your bank account within 1-3 business days.

Helpful Tips for Selling Crypto

Utilize these tips for getting the highest value when selling cryptocurrencies:

• Set price alerts for your target sell price so you never miss an opportunity.
• Use limit orders instead of market orders for more control over the sale price.
• Take advantage of Crypto.com‘s ultra-low trading fees of just 0.4% or less.
• Withdraw fiat to your bank account frequently when crypto prices are up.
• Review your order and transaction history to improve future trades.
• Enable security features like 2FA and device binding to protect your account.
• Track coin prices using the Crypto.com app or Exchange to identify peaks.

Comparing Major Crypto Exchanges

How does Crypto.com stack up against other popular platforms for selling crypto? Here‘s a comparison of key features:

Exchange	Fees	Withdrawal Times	Security	Currencies
Crypto.com	0.4%	1-3 days	Top tier	150+
Coinbase	0.5%	4-5 days	Robust	90+
Binance	0.1%	1-2 days	Strong	700+
Kraken	0.16%-0.26%	3-5 days	Good	70+
Gemini	0.5%	3-5 days	Solid	60+

As shown above, Crypto.com stands out with ultra-low fees, fast withdrawals, and support for a huge selection of major crypto coins and tokens.

Risks and Regulations for Selling Crypto

While selling crypto is easy on Crypto.com, keep these potential risks and regulations in mind:

• Taxes – You may owe capital gains tax when selling crypto at a profit. Track cost basis and consult a tax professional.
• Volatility – Crypto prices can see big swings. Use limit orders and dollar cost average selling.
• Security – Enable all security features on your account and use strong unique passwords.
• Compliance – Many regions have KYC rules. Failure to comply could restrict account access.
• Restrictions – Some countries ban crypto or have annual selling limits. Know your local laws.

Following regulations and utilizing sound risk management strategies will lead to successful crypto selling experiences.

The Growth of Crypto

Cryptocurrency continues to see massive adoption worldwide among both consumers and institutions:

• Global crypto users have surpassed 380 million in 2022, up from just 106 million in early 2021.
• Crypto ownership in the U.S. alone has increased over 75% to 35 million American adults today.
• Major companies like Tesla, MicroStrategy, and Mastercard own billions in crypto assets.
• Crypto exchanges now see over $150 billion in global trading volume each day.

As crypto becomes more mainstream, regulated platforms like Crypto.com make it easy for the average person to buy, sell, and earn crypto.

Conclusion

With this complete guide, you can seamlessly sell cryptocurrency on Crypto.com and cash out your digital assets. Follow the step-by-step instructions to create your account, complete KYC, deposit crypto, connect your bank account, place sell orders, withdraw fiat, and utilize expert tips.

Crypto.com offers a trusted platform to convert crypto to cash with low fees, fast withdrawals, and robust security protecting your funds. Start maximizing your crypto holdings today!