Use a card that supports cryptocurrency payments: These cards can be linked to your crypto wallet and used in the same way as any other debit card. When you use the card, it draws from your crypto wallet, converting it into fiat currency at the card’s exchange rate. How to move money from crypto com to bank Users can easily withdraw USD and other fiat money from Crypto.com by tapping the 'Fiat Wallet' option. They will need to set up a recipient bank account first and enter the bank account information. Once completed, select the fiat currency to withdraw, enter the amount, and complete the withdrawal to the bank account.
Many investors choose Crypto.com because of the wide range of products and services that it offers to users. The company offers the ability to buy and sell cryptocurrencies, earn staking rewards, make purchases in cryptocurrency through the company’s debit card, and even buy and sell NFTs. Too Long; Didn't Read A26. If you receive cryptocurrency in a transaction facilitated by a cryptocurrency exchange, the value of the cryptocurrency is the amount that is recorded by the cryptocurrency exchange for that transaction in U.S. dollars. If the transaction is facilitated by a centralized or decentralized cryptocurrency exchange but is not recorded on a distributed ledger or is otherwise an off-chain transaction, then the fair market value is the amount the cryptocurrency was trading for on the exchange at the date and time the transaction would have been recorded on the ledger if it had been an on-chain transaction.