Transfer Crypto from Crypto.com to a Cold Wallet: 3 Steps

Unlike traditional finance, cryptocurrencies put the responsibility for the security and protection of your assets in your hands. This power and control over your cryptocurrency is a positive for many investors but it also means Storing your cryptocurrencies safely is of utmost importance..

Using a cold wallet is the most secure way to store your cryptocurrencies and comes in two types: electronic And Non-electronic.

This post will discuss transferring cryptocurrencies from Crypto.com To an electronic and non-electronic wallet. We will use Sequ X V20 Hardware Wallet as our e-wallet option Bitcoin Material As our non-electronic option.

We hope this guide shows you how easy it is to transfer your cryptocurrencies from an exchange and store them safely in a cold crypto wallet.

What to consider beforehand

Before transferring your cryptocurrencies from Crypto.com to a cold wallet, you need to consider a few key factors:

protection

➡️ Always use your personal devices and networks. Do not connect to public Wi-Fi networks.
➡️ Make sure your PC and smartphone have antivirus software that is updated regularly.

Device Requirements

➡️ Before you start the transfer process, make sure your device is compatible with the cold wallet you are using. For example, many physical wallets that contain electronic components require a USB connection or Bluetooth access.
➡️ Make sure the cold wallet you choose is compatible with the cryptocurrency you want to convert. Not all wallets accept all coins or tokens.

Required applications and programs

➡️ Install any required applications or software for your cold wallet on your device or connect it to Crypto.com.
➡️ Always make sure to download apps and software from the official provider.
➡️ Non-crypto wallets, such as Material Bitcoin, do not require this step.

What exactly is the difference between an electronic and a non-electronic cold wallet?

Cold walletsThese are physical devices that store your private keys. They usually have additional security measures, such as biometric authentication, encrypted storage, and password protection features. They need all these extra measures because they rely on third-party applications and software to complete transactions and deliver information to and from the wallet.

Non-electronic cold walletsIt is much easier to use and has simpler steps in buying and storing cryptocurrencies. For example, with Material Bitcoin, the steel card has a printed QR code, your private keys and a public address printed on the physical card. There is no need for any other features, as your wallet is never connected to the internet.

About Crypto.com

Before we get into the step-by-step process of transferring cryptocurrencies from Crypto.com to a cold wallet, we want to clarify some important aspects of the exchange and the application.

• There is a difference between the Crypto.com app and the Crypto.com Exchange platform.
• Crypto.com Exchange allows you to buy, sell and trade over 200 cryptocurrencies.
• Crypto.com exchange is recommended for spot and day traders.
• Crypto.com app requires KYC verification.
• The app only allows you to buy, sell and store cryptocurrencies.
• The app is only available for mobile devices.
• Crypto.com Exchange offers a mobile app and web browser access.

Set up your cold wallet in the Crypto.com transfer app

When transferring cryptocurrencies from the Crypto.com app to a cold wallet, the transaction usually takes between 2 to 3 hours.

When sending mail to a new address for the first time, Crypto.com applies a 24-hour retention option for additional security measures.

To add your cold wallet to the Crypto.com app for easy and fast transfers, follow these steps:

1. Enter the app, go to the Accounts section, and click on “Crypto Wallet”.

2. Click on the “Transfer” button, then “Withdraw”, then “External Wallet”.

3. Click “+ Add Wallet Address”, then “Wallet Address” to add a new withdrawal address.

4. Select the cryptocurrency you want to convert.

5. Once you reach the wallet address details page, choose the network and add the wallet address by typing, pasting or scanning the QR code on your wallet.

You can tap the blue QR code icon on the right to open the camera to scan your wallet device.

6. Name your wallet and then click “Continue”.

6. Enter your passcode.

7. Provide the 6-digit verification code generated by your authenticator app.

Now, you are ready to transfer your cryptocurrencies to the cold wallet of your choice.

How to Transfer Crypto from Crypto.com to a Cold Wallet

Now that you have linked your wallet to the Crypto.com app, making a transfer has become much easier.

It only takes 3 steps!

Here is a step-by-step guide on how to complete the transfer. We will show you these steps using both an electronic and non-electronic wallet.

1️⃣ Go to your accounts page and click on the previously saved cold wallet you wish to transfer to.
2️⃣ Choose the currency and enter the amount you want to transfer.
3️⃣ Complete the verification process and wait for the transaction to be processed.

You can follow the transfer process by selecting the transaction history from the Crypto.com app and pasting it into blockchain.com.

How to receive a transfer from Crypto.com to SecuX e-wallet

1. Connect your device to the phone via Bluetooth.

2. Click the “Receive” button at the bottom.

3. Select the account you want to transfer money to.

4. Your public address will now appear.

This is required to transfer assets from Crypto.com to your wallet (as mentioned in step 5 of Set up your cold wallet in the Crypto.com transfer app)

5. Make sure the addresses displayed on your phone and device are the same. Then tap “Done” to confirm.

6. Scan the QR code or copy the address.

Now, you have to wait for the transfer to complete. It may take a few hours, depending on the traffic on the blockchain.

How to Receive a Transfer from Crypto.com to a Non-Crypto Bitcoin Wallet

Material wallets come in different forms depending on the cryptocurrency you want to use. You have Bitcoin Material, ether materialAnd USDT Material Available as a secure cold wallet for cryptocurrencies.

Receiving any of these cryptocurrencies from Crypto.com or any other exchange couldn’t be easier.

Just follow steps 1 to 4 of Set up your cold wallet in the Crypto.com transfer app The section above.

Once you are prompted to enter the recipient’s wallet address, simply scan the QR code on the stainless steel card or type in the address manually if you prefer.

There are no separate third-party devices, apps, or platforms that you need to enter, verify, or rely on to generate your address.

To check your balance and confirm receipt of the transferred cryptocurrency, simply scan the QR code or enter your wallet address to confirm.

Security Best Practices

When storing cryptocurrencies, you need to follow some basic rules to keep your assets safe and secure.

✔️Use a cold wallet. Never leave your crypto on the exchange!
✔️Backup and store the seed phrase.
✔️If you are using a hardware wallet, make sure all firmware is up to date.
✔️ Be careful of scams claiming to be an exchange.

Why a Non-Cryptocurrency Cold Wallet Is the Best Choice for You

Non-electronic cold wallets, like Material Bitcoin, are great options for many different reasons.

Since they have no electronic components, they have no electrical weaknesses.

It requires no maintenance or care, such as changing or charging the battery, and is not subject to electrical failures.

Therefore, non-electronic cold wallets are more durable and last longer. For example, physical wallets are made of AISI 304L stainless steelIt is fire, water and shock resistant.

Because they don’t have a screen or other electronic parts, cold wallets are great for beginners and non-tech savvy investors who want to start investing for the first time.

It’s also a great way to give Bitcoin as a gift.

You don’t need other apps or devices to store your cryptocurrencies, and with Material, you can even buy Bitcoin directly from your wallet, Eliminate the need for exchanges.

common questions

Can I send cryptocurrencies from Crypto.com to another wallet?

• Yes, you can transfer cryptocurrencies to any wallet address you own.

Should I transfer cryptocurrencies from Crypto.com to the wallet?

• You should always store your cryptocurrencies in a cold wallet and never leave them on any exchange.

Is there a cost to transfer cryptocurrencies from Crypto.com to a cold wallet?

• Yes, transaction fees apply, depending on the cryptocurrency.

Are your cryptocurrencies still growing in the wallet?

• The value of your cryptocurrency, whether on an exchange or wallet, will also reflect its market value. However, you must stake your cryptocurrency if you want to earn “interest.”

Is it safe to leave cryptocurrencies on an exchange?

• It is never advisable to leave large amounts of cryptocurrencies on an exchange, as they are not safe to keep in the long term.