You may have bought some cryptocurrencies on the Crypto.com App or Exchange.
Now that you’re looking to sell your cryptocurrencies back to SGD, how do you go about doing it?
Here’s what you need to know.
- 1 How to withdraw from Crypto.com in Singapore
- 2 #1 Trade your crypto to a Xfers-supported cryptocurrency (if required)
- 3 #2 Go to the cryptocurrency’s page and tap on ‘Sell’
- 4 #3 Go to ‘Fiat Wallet’ and enter the amount you want to sell to Xfers
- 5 #4 Withdraw your funds from Xfers to your bank account
- 6 Conclusion
- 7 👉🏻 Referral Deals
How to withdraw from Crypto.com in Singapore
Here are 4 steps you’ll need to withdraw your crypto from Crypto.com to a Singaporean bank account:
- Trade your crypto to a Xfers-supported cryptocurrency (if required)
- Go to the cryptocurrency’s page and tap on ‘Sell’
- Go to ‘Fiat Wallet’ and enter the amount you want to sell to Xfers
- Withdraw your funds from Xfers to your bank account
Here is each step explained:
#1 Trade your crypto to a Xfers-supported cryptocurrency (if required)
The first thing you’ll need to take note of is that you are not able to sell all of your cryptocurrencies directly to Xfers.
Xfers only allows you to sell these 8 cryptocurrencies to SGD on Crypto.com:
For example, you may want to sell ADA.
Since it is not one of the currencies that are supported by Xfers, you will not be able to sell this currency to SGD.
If you are trying to sell such a currency, you’ll need to sell this currency for one of the 8 currencies that are supported by Xfers.
In this example, you should only be selling ADA to either CRO, BTC or ETH.
This is because Xfers only supports these 3 currencies, and does not support USDT or USDC.
You should use this process for any of the other currencies, including:
You do not need to do this step if you intend to sell one of the 8 currencies that are supported by Xfers!
#2 Go to the cryptocurrency’s page and tap on ‘Sell’
Once you have a cryptocurrency that you can sell to Xfers, you’ll need to go to that currency’s page.
For this example, I will be using BTC.
You will need to tap on ‘Sell BTC‘ in this case.
#3 Go to ‘Fiat Wallet’ and enter the amount you want to sell to Xfers
Once you’ve tapped on the ‘Sell BTC‘ button, this will give you a few options on how you want to sell your crypto:
|Crypto Wallet||To another |
|Card Wallet||To your Crypto.com |
|Fiat Wallet||To Xfers|
It is possible for you to sell BTC to your Crypto.com Visa Card. This allows you to spend using your card and earn cashback in the form of CRO.
You can even earn a full CRO rebate on your Spotify and Netflix subscriptions!
However, if you want to sell your crypto for SGD, you’ll need to select the Fiat Wallet instead.
You’ll need to select ‘Xfers‘ and the amount of crypto you wish to sell.
Afterwards, you will be brought to a page which shows you the amount that you will receive in your Xfers wallet. You will be charged a 0.4% fee for this sell transaction.
One thing you may want to note is that you can only perform this transaction on the Crypto.com App, and not the Exchange platform.
The Crypto.com Exchange platform only supports crypto-crypto transactions! If you want to sell your crypto to SGD, you will need to withdraw from the Exchange to the App.
#4 Withdraw your funds from Xfers to your bank account
Your SGD funds will be withdrawn to your Xfers wallet. After that, you can withdraw your SGD funds from your Xfers wallet to your linked bank account!
You can view my guide on Xfers to find out more about the process.
However, you will be charged a 0.4% fee when you sell your crypto to SGD.
This is something you’ll need to take note of if you want to realise the profits you’ve earned from selling your crypto!
👉🏻 Referral Deals
If you are interested in signing up for any of the products mentioned above, you can check them out below!
Crypto.com Referral (Get $25 USD worth of CRO)
If you are interested in signing up for Crypto.com, you can use my referral link and enter the code ‘x2kfzusxq6‘.
We will both receive $25 USD worth of CRO in our Crypto Wallet.
Here’s what you’ll need to do:
- Sign up for a Crypto.com account
- Enter my referral code: ‘x2kfzusxq6‘
- Stake enough CRO to unlock a Ruby Steel card or higher
The amount of CRO that you need to stake depends on the card you wish to get, and the currency you are staking in.
You can read more about the referral program on Crypto.com’s website.
Are you passionate about personal finance and want to earn some flexible income?