With the Cryptopay app, withdrawing funds to your personal GBP bank account is fast, cheap and secure. GBP Bank withdrawals are available to clients with verification Tiers 2 and 3. To do it, you need to:
Go to the Services tab;
Select Bank withdrawals;
Choose the account you’d like to withdraw funds from and the bank account you wish to withdraw to;
Enter the amount you want to withdraw;
Confirm the withdrawal.
If you haven’t linked a bank account yet or need to add a new one, you need to:
Tap on Add account;
Enter your bank details;
Tap on Save.
The withdrawals aren’t free, but they cost only 0.09 GBP. The minimum withdrawal amount is 10 GBP, the maximum one depends on your verification Tier.
All GBP bank withdrawals are processed automatically 24/7.
Before you can make a bank withdrawal in GBP, you may need to confirm your bank account. To do that, please follow this guide to make a small deposit to your Cryptopay account. We need it to be sure your GBP bank account is active and belongs to you.
Some banks do not support Faster Payments Scheme, so you may need to check up with your bank or your provider prior to making a deposit, whether they do it or not.
If you see the Insufficient balance error when there’s 10 GBP on your account, please note that the 10 GBP bottom limit does not include the 0.09 GBP fee. So you need to have at least 10.09 GBP before you can withdraw.
Some banks might also not recognize Cryptopay’s Sort code, as it starts with '0'. This can happen when a bank does not update its Extended Industry Sort Code Directory (EISCD) correctly. It also may happen if they use an old system that does not recognize the 0 at the beginning of the Sort Code. Please enquire with your bank if such an issue exists.
You can check if the Sort Code you want to send a payment to accepts Faster Payments, by using the sort code checker.
Please note that you can’t withdraw funds to any third-party or business bank accounts.
If you have any questions, feel free to contact our Support team in the live chat or at email@example.com.