Crypto.com is one of the most popular cryptocurrency exchanges, and they recently announced that it would be possible to transfer Crypto from Crypto.com to their DeFi wallet. This is a significant development for the DeFi ecosystem, as it will allow users to move their Crypto out of centralized exchanges and into decentralized protocols. Also, the transaction fees will be much cheaper compared to others. The process is simple and only takes a few minutes. After reading this guide, you can transfer from Crypto.com to a DeFi wallet.
How to Transfer Crypto from Crypto.com to DeFi Wallet
There are a few simple steps to transfer Crypto from Crypto.com to a DeFi wallet. First, the user will need to log into their Crypto.com account, and the user needs to establish a connection between the Crypto.com application and the DeFi wallet. Second, users must select the currency they wish to transfer and enter the amount. Once these steps have been completed, the user can send Crypto to the DeFi Wallet.
Steps to Transfer from Crypto.com to DeFi Wallet
- Launch your DeFi Wallet App and Crypto.com App
- Connect your DeFi wallet with Crypto.com App
- Check if Connected
- Withdraw Crypto from Crypto.com
- Another way to Withdraw Crypto from Crypto.com
- Check the DeFi Wallet App
Launch your DeFi Wallet App and Crypto.com App
On your mobile device, launch the Crypto.com DeFi wallet App. Key in your pin to access your account.
Now, minimize the DeFi wallet app and launch the Crypto.com App. Enter your pin to access the main dashboard.
Connect your DeFi wallet with Crypto.com App
Once you have accessed the main dashboard of your Crypto.com app, we are now able to connect your DeFi Wallet account.
Tap on the gear icon located at the upper-right of the screen.
Now you will be directed to the settings page. Scroll down and look for the Permission option.
Once you have located the permission option, tap the blue View Play Store option to continue.
ou will be directed to the Play Store with the DeFi Wallet download link. Open your DeFi wallet app and go to settings. Settings are located on the upper-right side of the screen.
Scroll down and look for the Connect to Crypto.com App option. Just follow the instructions provided. It will require the email address that is connected to your Crypto.com account. An email will be sent to your Crypto.com email address. Tap on the link to finalize the connection of your DeFi Wallet and Crypto.com account.
Check if Connected
Now go back to your Crypto.com account and go to settings to check that your DeFi wallet is connected.
Withdraw Crypto from Crypto.com
Since your Crypto.com and DeFi wallet are now connected, we can transfer Crypto such as CRO, ETH, and others easily.
Go back to the main dashboard on your Crypto.com app. Once on the main page, go to the Accounts and tap Crypto Wallet.
Once you’re on the Crypto wallet page, tap on the transfer option. Now you will be given two selections; you can either deposit or withdraw. Tap on the Withdraw option to continue.
Now on the Withdraw Crypto page, choose the Crypto.com DeFi wallet option.
Now choose what Cryptocurrency you will send to your DeFi Wallet.
Tap on the token that you want to send. After you select the token, select what network you will be using. The default will be the Cronos network.
Enter how many tokens you will be sending.
Tap Send button to proceed with the transaction.
Once you tap the send button, you will proceed to the confirmation page. Check everything is correct. Tap the Confirm button and type the passcode to finalize the transaction. You will see a successful notification after you provide the passcode.
That’s it! Now check your DeFi Wallet to see the balance.
Another way to Withdraw Crypto from Crypto.com
This is another way to Withdraw Crypto from Crypto.com to your DeFi wallet. If satisfied with the above guide, you can skip this part.
Launch your Crypto.com app on your mobile device. Enter the pin that you have set up to access your account.
Tap on the Gear Icon on the upper-left side of the screen to go to the settings menu.
Once on the Settings page, look for the Permission option and tap the blue Connected option.
Tap send funds at the bottom of the screen.
After you tap the Send Funds button, choose what Crypto token you will send to your DeFi wallet.
Once you have selected the token, enter the amount of how much you will be sending. The default network will be Cronos. Once everything looks good, tap the send button to proceed with the transaction.
Check everything once you get directed to the confirmation page. Tap the confirm button to finalize the transaction. Provide the passcode to complete the process.
Check the DeFi Wallet App
Open your DeFi Wallet app and check the balance in your wallet. Usually, it would take 2 minutes for your funds to appear in your wallet.
Transferring from Crypto.com to a DeFi wallet is a simple process that can be completed in a few steps. Following this article’s instructions, you can quickly move your funds from one wallet to another. With the growing popularity of DeFi, transferring your crypto assets to a DeFi wallet is a smart way to protect your investment and take advantage of the many benefits DeFi offers.
Why am I getting the “DeFi Wallet connection too recent” error?
The “DeFi Wallet connection too recent” error is a known issue on the App. This happens when you connect your Crypto.com account to your DeFi wallet. For this fix, wait for about 24-48 hours, and it will resolve itself.
How to resolve the “can’t connect DeFi wallet to Crypto.com” issue?
To resolve the “can’t connect DeFi wallet to Crypto.com” problem, go to your email again and manually copy the link sent during the connection process. So you need to paste it manually on a browser and go to the given link. Try again, and check if the issue is resolved.