To sell cryptocurrencies on Crypto.com, you must first set up your fiat wallet.
Then, you will 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 live 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 live in the UNITED States or Europe, you have to deposit fiat via bank transfer.
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Table of Contents:
1. Go to “Fiat Wallet”
Before you can sell a cryptocurrency for fiat money on Crypto.com, you need to set up your fiat wallet.
First, open the Crypto.com app and log in to your account.
Once you are on Crypto.com, tap on “Account” in the bottom navigation bar.
After tapping on “Accounts”, you will see 3 accounts.
This includes “Crypto Wallet”, “Crypto Earn” and “Fiat Wallet”.
Tap “Fiat Wallet” to go to your fiat wallet.
2. Configure your Fiat Wallet
After tapping on “Fiat Wallet”, you will land on your fiat wallet.
If you haven’t set up your fiat wallet yet, you need to do so.
If you live in Singapore, you need to connect with StraitsX.
StraitsX (formally known as Xfers) is a payment infrastructure for the digital asset space in Southeast Asia.
Tap “Connect with StraitsX” and follow the on-screen instructions to set up your fiat wallet with StraitsX.
On the other hand, if you live in the UNITED States or Europe, you have to deposit fiat via bank transfer.
If you live in the United States or Europe, tap “Set New Currency”, enter your residential address and follow the on-screen instructions to set up your fiat wallet.
3. Tap “Trade”
After setting up a fiat wallet, you will be able to sell cryptocurrencies for fiat money.
This is because you can now deposit money into your fiat wallet.
First, go to the home page of Crypto.com by tapping “Home” in the bottom navigation bar.
Then, tap “Trade” to start buying or selling cryptocurrencies.
4. Tap “Sell”
After tapping “Trade”, you will be given a couple of options.
This includes “Buy” and “Sell”.
Since you are looking to sell a cryptocurrency, tap on “Sell”.
5. Select the cryptocurrency you want to sell
After tapping “Sell”, you will see a list of cryptocurrencies that you can sell.
Now you need to select the cryptocurrency 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 feature to find the cryptocurrency you want to sell.
6. Select “Fiat Wallet” and sell the cryptocurrency
After selecting the cryptocurrency you want to sell (e.g. Bitcoin), you will land on the “Sell BTC” page.
On the page, you must first select the wallet to which you want to sell the cryptocurrency.
Since you are looking to sell cryptocurrency for fiat money, select “Fiat Wallet”.
If you don’t see the “Fiat Wallet” option, it means you haven’t set up your fiat wallet yet.
So, you need to set it up before you can sell a cryptocurrency for fiat money.
Secondly, enter the amount of the cryptocurrency you want to sell.
For example, if you want to sell 0.0001 BTC, enter “0.0001”.
Finally, tap on “Sell” to sell the cryptocurrency.
7. Confirm that you want to sell
After tapping on “Sell”, you will land on the confirmation page.
The confirmation page tells you the amount, fee, commission, method, and total cost of the cryptocurrency you’re selling.
Verify that all information is correct.
If everything is correct, tap “Confirm” to confirm the sale of the cryptocurrency.
8. Tap anywhere to continue
After tapping “Confirm”, you will need to enter the passcode.
Then, you will land on the page of success.
The page will show the total amount of cryptocurrency you have sold (e.g. 0.0001 BTC).
Tap anywhere to complete the sale of the cryptocurrency.
Now you can check the transaction by navigating to your fiat wallet.
To access your fiat wallet, tap Account > Fiat Wallet.
In your fiat wallet, you will be able to see the completed transaction under the heading “Today”.
You have successfully learned how to sell cryptocurrencies on Crypto.com!
Conclusion
Selling cryptocurrencies on Crypto.com is simple.
But before you can sell cryptocurrencies on Crypto.com, you need to set up your fiat wallet.
However, setting up your fiat wallet is challenging because there are multiple steps you need to complete.
If you have problems with setting up your fiat wallet or selling a cryptocurrency, you can contact Crypto.com.
You can do this by tapping the chat icon on Crypto.com and starting a new conversation.
If the “Fiat Wallet” option or the “Currency” option does not appear, you need to force close the app and open it a few minutes later.
This is because the app can take some time to register your fiat wallet and currency.
