With the growing popularity of hardware wallets like Tangem, many users wonder how to withdraw crypto from Tangem card safely and efficiently. Tangem Wallet is a secure NFC-enabled hardware wallet that stores your cryptocurrencies offline, protecting your assets from hacks. However, withdrawing crypto from Tangem to fiat or other wallets involves a few important steps. This guide will walk you through the entire process in simple language, ensuring you can manage your crypto assets with confidence.
What is a Tangem Card and Wallet?
Tangem is a next-generation hardware wallet that stores cryptocurrencies securely on a physical card equipped with NFC technology. The wallet supports multiple cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), USDT, and many ERC-20 tokens. Unlike software wallets, Tangem keeps your private keys offline, enhancing security and reducing hacking risks.
Step-by-Step Guide to Withdraw Crypto from Tangem Card
Step 1: Open the Tangem App and Check Your Balance
- Use your smartphone’s NFC feature to scan your Tangem card.
- Open the Tangem Wallet app and enter your access code.
- View your crypto balance and ensure you have sufficient funds to withdraw.
Step 2: Decide Where to Withdraw Your Crypto
Since Tangem is a cold storage wallet, it does not support direct fiat withdrawals. You have two main options:
- Sell crypto directly through the Tangem app using integrated services like MoonPay (subject to availability and fees).
- Transfer your crypto to a centralized exchange (e.g., Binance, Coinbase, Kraken) where you can sell it for fiat and withdraw to your bank account.
Step 3: Transfer Crypto from Tangem to an Exchange (If Using an Exchange)
- Open the Tangem app and select the cryptocurrency you want to send.
- Tap “Send” and enter the deposit address generated from your exchange account.
- Confirm the network matches on both wallets (e.g., ERC-20 for Ethereum-based tokens) to avoid loss of funds.
- Confirm and complete the transaction. It may take a few minutes depending on network congestion.
Step 4: Sell Crypto for Fiat on the Exchange
- Once your crypto arrives on the exchange, use the trading platform to sell your tokens for your preferred fiat currency (USD, EUR, INR, etc.).
- Choose between instant sell or market/limit orders based on your preference.
Step 5: Withdraw Fiat to Your Bank Account
- Go to the withdrawal section of your exchange.
- Link your verified bank account if not already done.
- Enter the amount you want to withdraw and confirm the transaction.
- Wait for the funds to arrive in your bank account (times vary by region and bank).
Alternative: Sell Crypto Directly via Tangem App
- On the Tangem app, select the crypto you want to sell.
- Tap “Sell” to be redirected to the integrated MoonPay service.
- Complete KYC and payment details.
- The fiat will be transferred to your bank card linked with MoonPay.
- Note: Fees apply (typically around 2.95% to 3.95%), and availability depends on your country.
📚Recent Blog: How to Withdraw Tangem Without Card
Important Tips When Withdrawing Crypto from Tangem Card
- Always double-check wallet addresses and network compatibility to avoid irreversible loss of funds.
- Be aware of transaction fees on blockchain networks and third-party services.
- Complete KYC verification on exchanges or services to enable fiat withdrawals.
- Keep your Tangem app updated to access the latest features and security improvements.
Conclusion
For instant help regarding how to withdraw crypto from Tangem card, feel free to Contact us anytime. Our experts are ready to guide you through the process and resolve any issues promptly.
By following this detailed guide, you can securely and efficiently withdraw your crypto from Tangem card, convert it to fiat, and access your funds seamlessly. Whether you prefer using exchanges or the Tangem app’s built-in services, understanding each step ensures your assets remain safe throughout the process.
FAQs
Can I withdraw crypto directly from Tangem to my bank account?
No, Tangem is a cold wallet and does not support direct fiat withdrawals. You must transfer crypto to an exchange or use integrated services like MoonPay to convert to fiat.
How long does it take to withdraw crypto from Tangem?
Sending crypto from Tangem to an exchange usually takes a few minutes to an hour depending on network congestion. Fiat withdrawals from exchanges can take from minutes to several business days depending on your bank.
What should I do if my withdrawal transaction is stuck or delayed?
Check the transaction status on the blockchain explorer using the transaction ID. If issues persist, contact the support team of the exchange or service you used. For Tangem app-related issues, contact Tangem support or the integrated service provider.