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Written by Sam Pennington on July 1, 2022
Category: 
FTC Disclosure

How To Transfer From FTX To Crypto.com 2022

On November 11th 2022, the FTX cryptocurrency exchange announced a bankruptcy filing. This guide was written prior to the filing, which may impact user withdrawals and deposits. Please refer to the official FTX website for more information.

Crypto.com is a fully fledged cryptocurrency platform. The platform's name is certainly revealing.

Crypto.com offers members access to over 250 coins and lets members earn interest on their holdings.

FTX, on the other hand, is another crypto platform juggernaut with access to over 300 coins. However, due to US regulations, FTX is not able to offer its full platform in the US. With this in mind, some FTX investors may be better suited by switching to Crypto.com.

In this article, we review the steps to transfer from FTX to Crypto.com.

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Transfer From FTX To Crypto.com

Moving crypto from one platform to another is generally a simple process. And that is certainly true when moving from FTX to Crypto.com.

You need the 3 steps below only:

  1. Open a Crypto.com Account
  2. Locate the desired wallet address from Crypto.com
  3. Transfer your coins from FTX to Crypto.com

Let's go over each part.

1. Open A Crypto.com Account

crypto.com logo

The first step to initiating a transfer to Crypto.com is actually creating a Crypto.com account.

Is your Crypto.com account already set up? Move on to step 2!

Creating an account is easy! Follow the steps below:

  1. Download the Crypto.com app and tap "Sign Up"
  2. Enter your email address and accept the terms and conditions after reviewing them
  3. Tap "Continue"
  4. Verify your email address using the verification sent to the email you entered
  5. In the email, click "Login"
  6. After verifying, continue with the account setup
  7. Enter your phone number and verify
  8. Finish account setup by submitting your full legal name, copy of your ID, and a selfie
  9. After submitting your account, you will be notified within 2-3 business days once you have been verified
  10. After verification, create your 6 digit passcode

As long as your information is accurate and your images are clear, the verification process can be as quick as 5 minutes!

2. Find Your Crypto.com Wallet Address

Each cryptocurrency is stored in a wallet. And each wallet has a unique alphanumeric code.

In order to transfer crypto from one wallet to another, you will need this code, or address.

Additionally, each cryptocurrency has a unique wallet with a unique address. It is important to ensure you are using the correct wallet address when moving cryptos. For example, if you send your Bitcoin to an Ethereum address, then you could lose your Bitcoin forever.

In order to locate a wallet's address in Crypto.com, follow the steps below:

  1. Log in to Crypto.com
  2. Tap "Transfer"
  3. Select "Deposit" (you will actually perform the transfer within FTX later. This step is simply locating the correct address to send your FTX crypto to)
  4. Choose "Crypto"
  5. Select the crypto you would like to receive from FTX
  6. A new screen will appear with the wallet associated to your selected crypto
  7. Copy the address by pressing the copy address button provided

We'll be using this address inside FTX to start a transfer to Crypto.com.

3. Withdraw From FTX

Now that you have a Crypto.com account and have located your wallet address, you are ready to make the transfer.

Before we jump into those steps, there are a few things to be aware of.

First, in order to send crypto out of FTX, you will need to set up your account with 2FA through Google Authenticate. Both iPhone and Android users can download the Google Authenticate app.

Second, when you transfer crypto from one platform to another, there are typically fees involved. This is true when transferring from FTX to Crypto.com. You can view applicable fees on the FTX withdrawal fee page. FTX pays a majority of fees for their members, though for withdrawals, you will pay a small fee for every transfer.

Steps To Transfer From FTX To Crypto.com

  1. Open and log in to the FTX app
  2. Tap on the "Wallet" button in the bottom navigation menu
  3. Tap "Withdraw"
  4. Type in the search bar for the crypto that you would like to transfer to Crypto.com
  5. Enter in the amount you would like to transfer
    • You can tap "Max" if you want to transfer all of that particular coin
  6. Paste in the address you copied from Crypto.com
  7. Paste in the 2FA code
    • Use the Google Authenticate app to create a 6 digit 2FA code. This requires leaving the FTX app and opening the Google Authenticate app. After generating a 6 digit code, copy it and return to the FTX app. Paste in the code you just copied in the "Withdraw" screen you were on previously
    • If you need additional information regarding 2FA set up with FTX, you can view their 2FA set up page
  8. Tap "Withdraw" after double checking that the information you have entered is correct

After you have clicked "Withdraw," you can check on the status of the transfer by clicking on the "Withdrawals" tab within the wallet page on FTX.US.

Once the transfer is confirmed, you will receive an email informing you of the finished withdrawal.

Transfer From FTX To Crypto.com: Final Thoughts

Crypto transfers are actually pretty simple. The entire process is as simple as copying and pasting the wallet address.

It's critical that you ensure the wallet address you are using matches the crypto you want to transfer.

Once you have located the wallet address and pasted it into FTX's platform, you just have to tap "Withdraw." The transfer will take a few days, and you are all set to begin trading cryptos in Crypto.com.

If you want to learn more about crypto.com, be sure to check out our complete review.

Article written by Sam Pennington
Sam is a personal finance writer. While in college, he dedicated his spare time to learning about personal finance, investing, and real estate. Sam currently works as a business analyst for one of the top food manufacturers in the world.

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