Withdrawing money from Zengo Wallet is simple, but only if you know the right steps. Many users search for how to withdraw money from Zengo Wallet because they’re unsure whether to send crypto, sell it, or convert it to fiat currency.
In this guide, we’ll break down all the available withdrawal options, so you can safely access your funds whether you’re sending crypto to another wallet or cashing out to your bank account.
Want to Buy Bitcoins Before You Withdraw?
If you’re just getting started and need crypto to withdraw later, you can also buy bitcoins from Zengo wallet directly. The wallet lets you purchase major cryptocurrencies like BTC and ETH using credit cards, Apple Pay, or bank transfers, all from the same app.
Once purchased, you can choose to hold, send, or sell them when you’re ready to cash out.
Key Ways to Withdraw Money from Zengo Wallet
Zengo offers two primary methods to withdraw crypto from the Zengo Wallet:
- Selling Cryptocurrency to Fiat: This involves converting your crypto assets into traditional currency and sending them to your linked bank account. Zengo partners with third-party providers to facilitate this.
- Sending Crypto to Another Wallet/Exchange: This is a direct crypto-to-crypto transfer, allowing you to move your digital assets to another wallet you own or to a centralized exchange.
Let’s dive into the step-by-step process for each.
Method 1: Selling Crypto to Fiat (Cashing Out)
If your goal is to Withdraw Money from Zengo Wallet and have it appear in your bank account, you’ll need to sell your cryptocurrency for fiat. Here’s how:
1. Open Zengo and Tap “Sell”: Launch the Zengo app, tap the “Actions” button on the main screen, then select “Sell” from the options.
2. Choose Crypto and Enter Amount: Pick the cryptocurrency you want to sell (e.g., BTC, ETH). Enter the amount and select your local currency (USD, EUR, GBP) for withdrawal.
3. Pick a Fiat Conversion Partner: Zengo works with third-party providers (like Coin5) to handle fiat withdrawals. Select a partner based on rates and fees.
4. Sign In or Create an Account: You’ll be redirected to the partner’s platform. Log in or sign up—this may require ID verification (KYC) and proof of address.
5. Link Your Bank Account: Add your bank details securely. Double-check to ensure everything is accurate to avoid delays.
6. Confirm and Withdraw: Review the transaction details, including fees and rates. Once confirmed, the fiat will be sent to your linked bank account—typically within 1–3 business days.
Need to transfer crypto from your Zengo Wallet to an exchange like Binance or Coinbase? Follow these simple steps:
Method 2: Send Crypto to Another Wallet
If you want to move your crypto from Zengo to another cryptocurrency wallet or an exchange like Binance or Coinbase, follow these steps:
1. Open Zengo and Tap “Send”: Launch the app, go to “Actions,” and choose “Send.”
2. Select the Cryptocurrency: Pick the crypto you want to send (e.g., BTC, ETH, USDC).
3. Enter the Recipient Address: Paste the wallet address or scan a QR code. Double-check it—sending to the wrong address is irreversible.
4. Enter the Amount: Type in how much you want to send. Zengo will show the estimated network (gas) fees.
5. Review and Confirm: Verify all details, then complete the biometric verification to confirm. Your crypto will be sent to the destination wallet.
If your goal is to turn bitcoins into cash, this feature allows you to convert crypto directly into fiat and deposit it into your linked bank account.
Can I Get My Money Out of Zengo?
Absolutely! As detailed above, you can get your money out of Zengo. Whether you want to cash out to your bank account via a third-party partner or send your crypto to another wallet, Zengo provides clear pathways. The process is designed to be user-friendly, allowing you to manage your assets effectively and securely.
If you encounter any issues or have questions during the withdrawal process, it’s always recommended to contact Zengo wallet customer service. They offer a 24/7 in-app live chat helpline to assist users with their queries and provide guidance.
Read More:- How to Buy Bitcoin with Credit Card No Verification?
Common Issues During Withdrawal
While Zengo is user-friendly, here are a few things that can go wrong and how to fix them:
- Wrong blockchain selected: Always match the network with the recipient address.
- Delayed fiat withdrawal: Bank delays can slow down processing. Wait 1–3 days.
- Verification pending: Ensure your identity and bank account are verified within Zengo.
If you need help during any of these steps, don’t hesitate to contact the Crypto expert team for personalized help.
Frequently Asked Questions
What is the best way to withdraw crypto from Zengo?
You can either send crypto to another wallet or sell it for fiat. Choose based on whether you want to trade, hold, or cash out.
Are there fees for withdrawing money from Zengo?
Yes, network fees apply when sending crypto. Fiat withdrawals may also include conversion or processing fees, depending on the provider.
Can I withdraw crypto from Telegram Wallet?
Yes, Telegram Wallet supports crypto withdrawals. You can send supported coins to external wallets, but make sure you use the correct address and network when doing so. The process is separate from Zengo, but works similarly.
Can I withdraw stablecoins from Zengo?
Yes! You can sell supported stablecoins via integrated partners and withdraw them as fiat.
Final Thoughts
To withdraw money from Zengo Wallet, all you need is a few minutes, your crypto, and access to the app. The process is designed for everyday users who want simplicity and reliability. Zengo combines innovation, security, and ease of use, all in one place.
