To sell crypto on Crypto.com, you first need to set up your fiat wallet.
Then, you’ll be able to sell a cryptocurrency for fiat money and deposit it in your fiat wallet.
If you don’t set up your fiat wallet, you can only convert crypto.
Setting up a fiat wallet requires you to enter your residential address.
If you’re living in Singapore, you need to connect to StraitsX (formerly known as Xfers).
This is because “SGD” is not supported on the app.
On the other hand, if you’re living in the US or Europe, you need to deposit fiat via bank transfer.
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Here’s how to sell crypto on Crypto.com:
- Navigate to “Fiat Wallet”
- Set up your Fiat Wallet
- Tap on “Trade”
- Tap on “Sell”
- Select the crypto that you want to sell
- Select “Fiat Wallet” and sell the crypto
- Confirm that you want to sell
- Tap anywhere to continue
1. Navigate to “Fiat Wallet”
Before you can sell a cryptocurrency for fiat money on Crypto.com, you need to set up your fiat wallet.
Firstly, open the Crypto.com app and log in to your account.
Once you’re on Crypto.com, tap on “Accounts” on the bottom navigation bar.
After you’ve tapped on “Accounts”, you’ll see 3 accounts.
This includes “Crypto Wallet”, “Crypto Earn”, and “Fiat Wallet”.
Tap on “Fiat Wallet” to go to your fiat wallet.
2. Set up your Fiat Wallet
Watch these videos to learn how to set up your fiat wallet :
US customers: https://www.youtube.com/watch?v=3KSK8dq3yAg.
EURO customers: https://www.youtube.com/watch?v=ql6y8U9MLmA.
SG customers: https://www.youtube.com/watch?v=KOzqf1Gwux0.
After you’ve tapped on “Fiat Wallet”, you’ll land on your fiat wallet.
If you haven’t set up your fiat wallet yet, you need to do so.
If you’re living in Singapore, you need to connect with StraitsX.
StraitsX (formally known as Xfers) is a payments infrastructure for the digital assets space in Southeast Asia.
Tap on “Connect with StraitsX” and follow the on-screen instructions to set up your fiat wallet with StraitsX.
On the other hand, if you’re living in the US or Europe, you need to deposit fiat via bank transfer.
If you’re living in the US or Europe, tap on “Set Up New Currency”, enter your residential address, and follow the on-screen instructions to set up your fiat wallet.
3. Tap on “Trade”
After you’ve set up a fiat wallet, you’ll be able to sell crypto for fiat money.
This is because you can now deposit money in your fiat wallet.
Firstly, go to the homepage of Crypto.com by tapping on “Home” on the bottom navigation bar.
Then, tap on “Trade” to start buying or selling cryptocurrencies.
4. Tap on “Sell”
After you’ve tapped on “Trade”, you’ll be given a couple of options.
This includes “Buy” and “Sell”.
Since you’re looking to sell a cryptocurrency, tap on “Sell”.
5. Select the crypto that you want to sell
After you’ve tapped on “Sell”, you’ll see a list of cryptocurrencies that you can sell.
Now, you need to select the cryptocurrency that you want to sell.
For example, if you want to sell Bitcoin, select “Bitcoin”.
On the other hand, if you want to sell “Ethereum”, tap on “Ethereum”.
You can also use the search function to find the cryptocurrency that you want to sell.
6. Select “Fiat Wallet” and sell the crypto
After you’ve selected the cryptocurrency that you want to sell (e.g. Bitcoin), you’ll land on the “Sell BTC” page.
On the page, you must first select the wallet that you want to sell the crypto to.
Since you’re looking to sell the cryptocurrency for fiat money, select “Fiat Wallet”.
If you don’t see the “Fiat Wallet” option, it means that you haven’t set up your fiat wallet yet.
Hence, you need to set it up first before you can sell a cryptocurrency for fiat money.
Secondly, enter the cryptocurrency amount that you want to sell.
For example, if you want to sell 0.0001 BTC, enter “0.0001”.
Lastly, tap on “Sell” to sell the cryptocurrency.
7. Confirm that you want to sell
After you’ve tapped on “Sell”, you’ll land on the confirmation page.
The confirmation page tells you the amount, rate, fee, method, and total cost of the cryptocurrency that you’re selling.
Confirm that all of the information is correct.
If everything is correct, tap on “Confirm” to confirm selling the cryptocurrency.
8. Tap anywhere to continue
After you’ve tapped on “Confirm”, you’ll need to enter your passcode.
Then, you’ll land on the success page.
The page will display the total amount of cryptocurrency that you’ve sold (e.g. 0.0001 BTC).
Tap anywhere to complete selling the cryptocurrency.
Now, you can check the transaction by navigating to your fiat wallet.
To navigate to your fiat wallet, tap on Accounts > Fiat Wallet.
In your fiat wallet, you’ll be able to see the completed transaction under the “Today” header.
You’ve successfully learned how to sell crypto on Crypto.com!
Conclusion
Selling crypto on Crypto.com is straightforward.
But before you can sell crypto on Crypto.com, you need to set up your fiat wallet.
However, setting up your fiat wallet is challenging because there are multiple steps that you need to complete.
If you’re having trouble with setting up your fiat wallet or selling a cryptocurrency, you can contact Crypto.com.
You can do so by tapping on the chat icon on Crypto.com and starting a new conversation.
If the “Fiat Wallet” option or the “Currency” option is not showing up, you need to force close the app and open it a few minutes later.
This is because the app can take a while to register your fiat wallet and currency.
For more information, you can visit the Crypto.com Help Center here: https://help.crypto.com/en/collections/260596-crypto-com-app.
Further reading
How to Transfer Crypto From Crypto.com to Coinbase
