Crypto.com is a cryptocurrency exchange that provides trading, investment, staking, wallets, and non-fungible tokens among other services (NFTs). This exchange supports over 150 different currencies, has low fees, and offers discounts to people who have a substantial Crypto.com Coin holdings (CRO). Its crypto-related ecosystem may be a good fit for those looking to get the most out of their coins.
What is the purpose of crypto.com?
Crypto.com is a well-known cryptocurrency exchange that accepts a variety of cryptocurrencies and blockchain-related items. Users can buy, sell, and trade a wide range of currencies while paying cheap trading costs. The startup also provides bitcoin credit cards, a decentralised exchange, a standalone crypto wallet, and an NFT marketplace. Users can also earn up to 14.5 percent interest by staking their cryptocurrency or storing it in a Crypto.com wallet for a set period of time.
Crypto.com could be a suitable option for anyone wishing to buy and hold digital currencies like Bitcoin and Ethereum. Fees are capped at 0.40 percent and decrease as trading volume or CRO currency holdings increase.Crypto.com presently supports 150 currencies and provides complex order types, as well as the ability to trade crypto futures.
What Is The Best Way To Sell On Crypto.com?
To sell cryptocurrency on Crypto.com, you must first create a fiat wallet. Then you’ll be able to exchange your Bitcoin for fiat dollars and put it in your fiat wallet. You can only convert crypto if you don’t set up your fiat wallet. You must specify your residential address while creating a fiat wallet.
You must connect to StraitsX if you live in Singapore (formerly known as Xfers). This is due to the app’s lack of support for “SGD.” If you live in the United States or Europe, however, you must deposit fiat through a bank transfer.
1. Go to “Fiat Wallet.”
You must first create your fiat wallet before you can sell a cryptocurrency for fiat money on Crypto.com. To begin, launch the Crypto.com app and sign in to your account. When you arrive at Crypto.com, click “Accounts” in the bottom navigation bar. After you’ve selected “Accounts,” you’ll see three accounts. “Crypto Wallet,” “Crypto Earn,” and “Fiat Wallet” are all examples.To access your fiat wallet, tap “Fiat Wallet.”
2. Set up your Fiat Wallet
You’ll be taken to your Fiat Wallet after tapping “Fiat Wallet.” If you haven’t already, you should set up your Fiat wallet. If you live in Singapore, you must connect with StraitsX. StraitsX (formerly Xfers) is a Southeast Asian payments system for digital assets. To connect your fiat wallet to StraitsX, tap “Connect with StraitsX” and follow the on-screen instructions.
If you live in the United States or Europe, on the other hand, you must deposit fiat through a bank transfer. If you live in the United States or Europe, select “Set Up New Currency,” enter your address, and follow the on-screen instructions to create your fiat wallet.
Select “Trade” from the drop-down menu. You’ll be able to sell crypto for fiat money once you’ve established a fiat wallet. This is due to the fact that your fiat wallet can now accept deposits. To begin, go to Crypto.com’s homepage by tapping “Home” on the bottom navigation bar. After that, tap “Trade” to begin buying or selling cryptocurrencies.
3. Select “Sell” from the drop-down menu that appears.
After you’ve tapped “Trade,” you’ll be presented with a few options. “Buy” and “sell” are examples of this. If you want to sell a cryptocurrency, select “Sell.”
4. Choose the cryptocurrency you want to sell.
You’ll get a list of cryptocurrencies that you can sell after tapping “Sell.”Now you must choose the coin you want to sell. For example, select “Bitcoin” if you wish to sell Bitcoin. If you wish to sell “Ethereum,” however, tap on “Ethereum.” You may also search for the coin you want to sell using the search tool.
5. Go to “Fiat Wallet” and sell your cryptocurrency.
You’ll arrive at the “Sell BTC” page after selecting the cryptocurrency you want to sell (for example, Bitcoin). You must first choose the wallet to which you want to sell the cryptocurrency on the page. Select “Fiat Wallet” because you want to sell the bitcoin for fiat money. If you don’t see the “Fiat Wallet” option, it’s because your Fiat wallet hasn’t been set up yet. As a result, before you can sell a cryptocurrency for fiat money, you must first set it up. Second, enter the quantity of bitcoin you want to sell. Enter “0.0001”, for example, if you want to sell 0.0001 BTC. Finally, press the “Sell” button to sell the cryptocurrency.
6. Confirm your intention to sell.
You’ll be taken to the confirmation page after tapping “Sell.” The quantity, rate, fee, method, and total cost of the cryptocurrency you’re selling are all listed on the confirmation page. You have to verify that all of the data is accurate. If everything seems good, tap “Confirm” to confirm the cryptocurrency sale.
7. To continue, tap anywhere.
You’ll need to enter your passcode after you’ve tapped “Confirm.” After that, you’ll be taken to the success page. The entire amount of bitcoin you’ve sold will be displayed on this page (e.g. 0.0001 BTC).
You can now examine the transaction by going to your fiat wallet. Tap Accounts > Fiat Wallet to get to your fiat wallet. The completed transaction will appear under the “Today” header in your fiat wallet. You’ve mastered the art of selling cryptocurrency on Crypto.com!
It’s simple to sell cryptocurrency on Crypto.com. However, before you can sell cryptocurrency on Crypto.com, you must first create a fiat wallet. Setting up your fiat wallet, on the other hand, is difficult due to the numerous processes that must be completed. You can contact Crypto.com if you’re experiencing problems setting up your fiat wallet or selling a coin. You can do so by going to Crypto.com and tapping on the chat icon to start a new topic.