This article guides you through securely withdrawing your cryptocurrency from Crypto.com to your Tangem Wallet.
Primary steps to withdrawing your crypto
- Download and Install the Tangem Wallet
Make sure you have the latest version of the Tangem Wallet app installed on your device. Updating your app is crucial for accessing the latest features and security patches.
- Add the Desired Coin or Token to Tangem
Open the Tangem Wallet app and add the cryptocurrency you wish to withdraw to your wallet's homepage. If you're unsure how to add crypto, check out this detailed guide: How to Add Crypto to Tangem.
- Generate and Copy the Wallet Address
Select the coin or token in your Tangem Wallet, choose the desired network (e.g., Ethereum, Binance Smart Chain), and generate a wallet address. Carefully copy this address, checking for any errors, as it will be needed to withdraw your funds from Crypto.com.
Withdraw your crypto to your Tangem Wallet
Follow these steps to move your crypto to tangem from crypto.com
- Open the Crypto.com platform and log in to your account.
- Go to "Accounts" and select the asset you wish to withdraw.
- Click on "Withdraw".
- Choose "External Wallet Address" from the options.
- This will take you to a new page where you can add and confirm your external wallet.
- Click on "Add Withdrawal Address".
- Choose the correct network and paste your Tangem address. If you're unsure which network to use, we recommend reading this article first.
- Check the "I am the owner of this address" box.
- Under "Wallet Type", enter "Others" or "Self-custody wallet".
- In the "Label" field, enter "Tangem".
- Enter your SMS OTP and 6-digit 2FA code.
- Click "Save Address".
- Enter the amount you wish to withdraw.
- If the app requests a memo, check the "No memo required for my wallet" box.
- Tap "Review Withdrawal".
- Review the transaction details and then enter your OTP and 2FA code again.
- Tap "Confirm Withdrawal."
If the toggle is on in the "Withdrawal Whitelist" tab, the newly added withdrawal address will be locked for 24 hours. - That's it! Once the transaction is confirmed on the blockchain, you can see your balance in Tangem.
Tips for a smooth crypto withdrawal
- Network Match
Always make sure the network you select on Crypto.com matches the one you use in your Tangem Wallet. If the networks don't match, you might lose your funds.
- Small test transfer
If you're transferring a large amount, performing a small test transaction first is a good idea to ensure all the settings are correct.
- Monitor fees
Crypto.com might charge withdrawal fees, so make sure to review them before you start the transaction.
- Verify the wallet address
Always double-check the wallet address before initiating the transfer. A single mistake can result in lost funds.
- Check network congestion
Blockchain networks can experience delays during peak times. Use tools like a block explorer to monitor the network status you’re using.
- Monitor transaction status
Use a blockchain explorer to track your transaction after initiating the withdrawal. This helps you verify its progress and estimated time of completion.
- Be aware of scams
Beware of phishing attempts or fake websites impersonating Crypto.com or Tangem. Always verify you are using the official platforms.
These tips should help you reduce risks and ensure your crypto transfers are handled securely and efficiently.