Verifying your GBP bank account
To enable GBP bank withdrawals, you’ll need to verify your bank account first. Please send a recent bank statement from your personal account to support@cryptopay.me. The document should meet the following requirements:
Original and unedited
In PDF format
Issued within the last 3 months
Includes your full name
Once we’ve reviewed and approved the document, we’ll link your account, and you’ll be all set to make withdrawals.
Making GBP bank withdrawal
You can make a withdrawal only to a verified bank account (see above).
The minimum withdrawal amount is 10 GBP, and the fee for the transfer is 2 GBP. So you need to have at least 12 GBP before you can withdraw.
All GBP bank withdrawals are processed automatically 24/7. The average processing time is up to 1-2 hours.
The total withdrawal limit is the equivalent of 15,000 EUR monthly*.
With the Cryptopay app, withdrawing funds to your personal GBP bank account is fast, cheap, and secure. To do it, you need to:
Go to Transfers (🔁 icon);
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.
Important notes:
You can’t withdraw funds to any third-party or business bank accounts.
Not all banks are signed up for the Faster Payment Scheme. Here is the list of directly connected participants. Alternatively, it’s always better to check with the bank or provider you want to send money to before the transfer.
You can check if the Sort Code you want to send a payment to accepts Faster Payments, by using the sort code checker.
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.
A single GBP withdrawal can't exceed 250,000 GBP (even if your monthly withdrawal limit exceeds this amount).
If you plan to make transfers using a joint bank account, it has to be verified. Please contact us via chat or support@cryptopay.me, and we will be happy to guide you through this process.
*Crypto & fiat withdrawals, as well as Cryptopay card loads are all included in this limit.
If you have any questions regarding our services, don't hesitate to get in touch with our support team agents and operators via live chat. You can also simply email them at support@cryptopay.me.