The DeFi wallet is a non-custodial wallet that offers a full range of DeFi services, such as lending, staking, and swapping. It is a product of Crypto.com.
Non-custodial denotes that the users have full control over their private keys, therefore, they have full control over their cryptocurrencies.
You can also import your existing wallet inside the DeFi wallet with the recovery phrase. Also, swapping can also be done directly from your DeFi wallet.
In this article, we have explained how to transfer cryptocurrencies such as Ethereum (ETH), Solana (SOL), Shiba Inu, BNB, and more from the DeFi Wallet to Crypto.com.
How to Transfer Crypto from DeFi Wallet to Crypto.com
To transfer cryptocurrencies from the DeFi wallet to Crypto.com, you need to first establish a connection between them. Then, it will be a straightforward task.
Steps to Transfer Crypto from DeFi Wallet to Crypto.com
- Select the cryptocurrency
- Tap on Crypto.com App
- Enter the amount
- Click Confirm
- Check your Crypto.com app
1. Select the cryptocurrency
Ensure that have made a connection between your DeFi wallet and Crypto.com. You can refer to this guide if you want.
Open your DeFi wallet application on your mobile phone.
After opening the application, you will be in the dashboard.
There you need to select the cryptocurrency that you want to send.
Here, we are going to transfer CRO from DeFi wallet to Crypto.com.
2. Tap on Crypto.com App
After selecting the cryptocurrency that you wish to send to your Crypto.com, you can see Send, Receive, Swap, and Buy.
Tap on Send.
In the Send window, you can see the Crypto.com app, just under Memo.
Tap on it.
Once you tap the Crypto.com app, the recipient address and Memo field will be automatically filled.
Note: The Crypto.com app button will be disabled for coins that are not supported on the Crypto.com App. For example, WTC, XRP, DIA, THETA, GHST, and more are not available in the United States. You can check the list here.
3. Enter the amount
Next, you need to enter the amount of cryptocurrency that you will be sending.
Just type in the amount or you can tap Max.Amount to transfer the whole amount of the crypto that you have selected in Step 1.
Then, tap Send.
4. Click Confirm
As soon as you tap the Send, you can see a send confirmation.
Now, you can double-check the fee and the total amount.
Once you feel everything is good, tap on Confirm to send.
Then, you can see a Request submitted notification.
5. Check your Crypto.com app
Wait for a few seconds to minutes.
Then, open your Crypto.com application or sign in to the Crypto.com web.
Check your balance.
You must have transferred your cryptocurrency from your DeFi wallet to your Crypto.com account.
Transferring CRO or any cryptocurrency from the DeFi wallet to Crypto.com app is a straightforward task.
You must have established a connection between your DeFi wallet to Crypto.com app before preceding the transfer.
Mostly the transfer fee between the DeFi wallet to Crypto.com is low. However, for Ethereum, you might get higher fees.
1. What is the interest rate of the Crypto.com DeFi wallet?
Users can earn up to 12-14% p.a. for stablecoins. Apart from this, Crypto.com offers good yield for CRO than other coins. With a lockup period of at least a month for CRO, they are setting the interest rates that benefit Crypto.com.