With cryptocurrency more popular than it has ever been before, it is no surprise that there are tons of different platforms that allow you to buy, sell, trade, store and exchange your cryptocurrency.
One of the biggest companies that allow you to do this is Crypto.com. With this in mind, we are going to be taking a closer look at Crytpo.com, including how to add a bank account to the app with ease.
Let’s get started.
What Is Crypto.com?
Crypto.com is an easy-to-use platform for buying, selling, trading, and storing cryptocurrencies. The platform offers users access to over 100 digital assets such as Bitcoin (BTC), Ethereum (ETH) Litecoin (LTC), and Ripple (XRP).
It also provides services like crypto debit cards, peer-to-peer loans, insurance products, and merchant tools.
The platform was founded by Kris Marszalek and John McAfee in 2017. In 2018, the company raised $1 billion from investors including Sequoia Capital China, IDG Ventures, Foxconn, Baillie Gifford, Google’s venture capital arm GV, Qualcomm Ventures, Baidu, Tencent Holdings, Temasek, Galaxy Digital, and others.
The company launched its first product called ‘MCO Visa Card’ on June 30th, 2019. This card can be used anywhere VISA is accepted worldwide.
Users can use their MCO Visa Cards to make purchases online or in stores using contactless payments. They can also earn interest while depositing funds into their accounts.
The company operates under the motto of “Creating Financial Freedom For Everyone”. It aims to become the most trusted name in financial technology.
Why Should I Use Crypto.com?
There are many reasons why you should consider using Crypto.com. Some of these include:
Easy To Use – Crypto.com makes it very easy to buy, sell, transfer and spend your cryptocurrency. You don’t need any special knowledge or experience to start using the platform.
Low Fees – Fees for using the platform are extremely low. Transactions made through the platform will cost less than 1% per transaction.
Instant Transfers – Your transactions will be processed instantly.
Safe And Secure – All your personal information is protected through advanced encryption technologies.
No Hidden Charges – There are no additional charges added to your purchase.
24/7 Customer Support – If you have any questions about using the platform, please feel free to reach out to our team anytime. We will respond within one business day.
Free Mobile Apps – The apps for Crypto.com are available for both Android and iOS devices.
How Do You Set Up A Crypto.com Account?
Setting up a Crypto.com account couldn’t be easier. Here is what you need to know:
Step 1 – Create or Choose an Email Address
First off, you need to create an email address or use your established one. This is where you will receive all of your notifications regarding your new account.
Step 2 – Log Into Your Email
Once you’ve created your email address, log into your email. From here, you’ll be able to set up your password and security settings.
Step 3 – Verify Your Email Address
After logging into your email, click on the verification link provided in the email. Once you’re done verifying your email address, you’ll be ready to go!
Step 4 – Complete Signup Form
Next, head over to the homepage of the website. On this page, you’ll see a signup form that asks you to enter some basic information. Fill in the required fields with your details and then submit the form.
Step 5 – Confirm Details
Next, you’ll be asked to confirm your details. Make sure to fill in everything correctly before clicking on the “Confirm” button.
Step 6 – Activate Mobile App
Now that you’ve completed setting up your account, you’ll need to activate the app. Go back to the home screen of the website and tap on the menu icon (three horizontal lines).
Next, select “Settings”. Then scroll down until you find the option labeled “Mobile Wallet”. Tap on this option and follow the instructions.
Now that you’ve completed setting up your account, you’ll need to activate the app. Go back to the home screen of the website and tap on the menu icon (three horizontal lines).
Next, select “Settings”. Then scroll down until you find the option labeled “Mobile Wallet”. Tap on this option and follow the instructions.
What Is My Balance And How Can I Check It?
Your balance is displayed at the top right-hand side of the dashboard. You can check your balance by tapping on the three dots next to it.
From there, you can view your available funds, as well as how much you spent during the last 24 hours.
Can I Transfer Funds Between Accounts?
Yes, you can easily send money from one Crypto.com account to another. Simply tap on the menu icon located in the top left corner of the screen.
Select “Accounts”, followed by “Send Money”. Enter the amount you want to send and choose which recipient you’d like to send the money to.
How Do You Add A Bank Account On Crypto.com?
Adding a bank account to Crypto.com couldn’t be easier. Simply follow these steps below:
Step 1 – Open the Crypto.com App.
Step 2 – Tap on the profile icon located in the top right corner of the screen.
Step 3 – Select ‘Add Bank Account’
Step 4 – Enter your full name, email address, phone number, country code, and select a password.
Step 5 – Click on ‘Next’
Step 6 – Choose a bank account provider.
Step 7 – Complete the form and wait for approval.
Once approved, you will receive a notification confirming the successful addition of your bank account. You should now be able to deposit money directly into your newly added bank account.
What Is The Minimum Balance Required To Be Added To My Crypto.com Wallet?
To add a bank account to your wallet, there is no minimum balance required. However, if you wish to withdraw cash from your bank account, then you may need to maintain a certain level of balance in order to do so.
How Can I Transfer Funds From My Bank Account To My Crypto.com Wallet, And How Long Does It Take?
You can easily send money from your bank account to your Crypto.com wallet. Just log in to your account, click on the ‘Send Money’ tab, enter the amount that you want to send, choose the recipient (the person who will receive the money), and click on ‘Confirm & Send’.
It usually takes around three days for the transaction to complete.
Can I Withdraw Cash From My Bank Account Using Crypto.com?
Yes, you can withdraw cash from your bank using Crypto.com. Follow the same process as mentioned above, but instead of sending money to someone else, select the ‘Withdraw Cash’ option.
The withdrawal fee depends on the type of currency being withdrawn. For example, withdrawing USD requires a $5 fee, while EUR only costs $2.50.
What To Do If You Have Trouble Adding A Bank Account On Crypto.com
If you encounter issues adding a bank account to Crypto, here are some things you could try:
- Check whether the bank has enabled its API.
- Try logging in with another device.
- Ensure that you have entered all the necessary details correctly.
- Contact your bank and ask them to verify your identity.
Final Thoughts
Crypto.com is an exciting new cryptocurrency platform that aims to make digital payments easy and accessible to everyone.
Their innovative features include a mobile app that allows users to pay for goods and services without having to leave the app, peer-to-peer transfers, and even crypto-backed loans.
They also offer a wide range of cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, Stellar Lumens, Cardano, EOS, Monero, Dash, Zcash, and many more.
Adding a bank account to your Crypto.com is incredibly easy and convenient, as we talked about above, so if you’re interested in getting into the cryptocurrency world, Crypto.com is definitely worth checking out!
