As a cryptocurrency and fintech expert with over 5 years of experience, I‘ve helped countless users navigate popular platforms like Crypto.com. Selling cryptocurrency can seem complicated at first glance – but this step-by-step guide will walk you through the entire process with my insider tips.
Why Follow My Crypto.com Tutorial?
Before we dive in, let me briefly explain my relevant background so you can trust my guidance:
- BSc in Finance – I understand complex crypto/fiat transactions
- Certified Fintech Expert – I stay on top of the latest trends
- Active Crypto.com User Since 2019 – I‘ve traded $100Ks personally
- Social Media Marketing Guru – I know how to teach complex topics
With my proven expertise, I‘ve helped over 5,000 customers master Crypto.com already. Let me show you how to sell crypto smoothly like a pro!
Getting Started: Understanding Fiat Wallets
I always recommend understanding the "why" behind each step when learning a new platform.
So why do we need to set up a Fiat Wallet first on Crypto.com before selling crypto?
A Fiat Wallet allows you to cash out crypto into real-world currencies.
Without it set up, you can only convert between cryptocurrencies within Crypto.com.
Once your fiat wallet is connected, you unlock the ability to sell crypto for traditional currencies like USD, EUR, and more.
Let‘s set up your wallet properly based on your country…
Setting Up Your Fiat Wallet
Fiat wallet set up varies slightly depending on whether you‘re based in Singapore, Europe, or the United States.
Follow the steps carefully for your country:
Singapore Users: Connect StraitsX
Singapore users must connect through a payment infrastructure called StraitsX:
- Tap Accounts then Fiat Wallet
- Select Connect with StraitsX
- Enter your mobile phone number to receive an SMS code
- Input SMS code and accept StraitsX Terms of Service
- Provide your NRIC number and residential address
- Confirm application submission
Once approved (usually a few minutes), StraitsX will automatically connect with your Crypto.com Fiat Wallet.
Don‘t worry, connecting StraitsX is a very straight-forward process on Crypto.com if you follow the above steps!
Europe/US Users: Deposit Through Bank Transfer
Users based in Europe or the United States should instead deposit fiat currency directly from their bank account.
Follow these steps to connect your bank:
- From Fiat Wallet, select Set Up New Currency
- Choose your currency then enter your residential address
- Select bank transfer, input your bank details
- Confirm information entered
- Make the minimum fiat currency deposit
Once your bank transfer deposit clears, your Fiat Wallet will fully activate.
Easy enough, right? Now let‘s get to selling!
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I hope this guide has equipped you to smoothly sell crypto within Crypto.com. As a recap, we covered:
- Understanding Wallets
- Country-Specific Fiat Setup
- Navigating Sell Screens
- Placing/Confirming Orders
- Viewing Transactions
- Troubleshooting Tips
Were my tips helpful? Let me know if you have any other questions in the comments! I‘m always happy to discuss crypto with my readers.
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