Fiat Wallet on Crypto.com App: Many people only view Crypto.com App as a cryptocurrency exchange platform or wallet. Well, crypto.com offer much more than just buying, selling, and storing cryptocurrencies.
You can actually receive fiat currency such as USD, GBP, and EUR with the crypto.com app by setting up Fiat Wallets on the crypto.com App (just like opening account with local banks).
Depending on your location, you will be able to set up a Fiat Wallet on crypto.com app. On this guide, I’ll be showing you easy steps to set up a EUR Fiat Wallet on Crypto.com. Same procedure is used to set up USD and GBP Fiat Wallet.
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What is Fiat Wallet on Crypto.com App
Fiat Wallet is a type of wallet provided by Crypto.com that allows its users to receive money in various currency like USD, GBP, and EUR. This means, aside from cryptocurrencies, you can receive transfers via ACH into your crypto.com App.
The Fiat wallet provides you with local bank account details in USD, EUR, and GBP. So technically, you can send and withdraw money using the Fiat Wallet feature on crypto.com
How to set up a Fiat Wallet on Crypto.com App
- Open the crypto.com App (Create a free account now if you don’t already have one)
- Click the Accounts button from the options at the bottom
- Select Fiat Wallet from the available option
- Click Set Up new Currency button
- Depending on your region or country, you can get multiple Fiat Wallet to set up. There are usually three namely: USD, GBP, and EUR.
- Click on EUR and follow the on screen prompt.
Once this is done successfully, you’ll see the EUR Wallet (or USD and GPB) set up with balance displaying.
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How to deposit EUR, USD, or GBP into Crypto.com
You can directly deposit money into your crypto.com app using the Fiat Wallet you just set up above. To do this, follow the procedure below:
- Open the crypto.com App (Create a free account now if you don’t already have one)
- Click the Accounts button from the options at the bottom
- Select Fiat Wallet from the available option
- Click on the Fiat Wallet you set up above (USD, GBP, or EUR
- On the next screen, click Transfer and select Deposit
- The EUR, USD, or GBP deposit notification will pop up. Just click the small arrow at the right corner
- You should now see details of your bank account in EUR, USD, or GBP.
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Copy the bank details above and send money via ACH into your Fiat Wallet on Crypto.com App. You can transfer up to $1 Million (or EUR and GBP) at once into these account.
Note that you can’t transfer EUR into USD or GBP Fiat wallet on crypto.com. So, be sure to send the right currency into the right Fiat Wallet type. Also, the Fiat Wallet available for you might differ based on your region and/or country.
