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Once you're done, you need to deposit some funds into your wallet to start using it. To do this, you can either transfer money from your bank account or use a debit or credit card. Once you have deposited funds, you can start buying and selling cryptocurrencies within your wallet. Crypto.com is a popular crypto services provider and trading exchange, which allows its users to buy and sell 250 different digital assets, tokens and NFTs. Crypto.com is especially popular for its crypto debit card which offers 5% cash back and no fees, which you can top up with crypto. 5. Select ‘Withdraw’ to send the money to your bank account In order to transfer crypto to a bank account, one must generally transfer their cryptos to a centralized exchange. Then from the central exchange can they trade their crypto for a stablecoin, that may then be converted into a local currency to use to transfer to a bank account. So there are multiple steps involved in this process, which is mainly because decentralized systems aren’t yet compatible with large traditional banks such as Chase, Bank of America, etc.
Member since: Thursday, September 21, 2023
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