Withdrawal Token means a cash withdrawal reference number valid at any Participating Merchant teller.
What is withdrawal in cryptocurrency?
A withdrawal from the Crypto.com App is a transaction of transferring crypto from the Crypto.com environment to an external address (usually a wallet or an exchange).
Can you cash out tokens?
Cashing out means selling crypto coins or tokens in exchange for fiat money and then withdrawing the money to your bank account. It helps to know the differences among the basic types of trading platforms and exchanges.
Is withdrawing crypto the same as selling?
There's also a difference between selling and withdrawing your money. Selling turns cryptocurrency into fiat currency, but you'll need to withdraw it to actually put it in a bank account or turn it into cash.
What is the purpose of a token?
Tokens have a huge range of potential functions, from helping make decentralized exchanges possible to selling rare items in video games. But they can all be traded or held like any other cryptocurrency. “Token” is a word that you hear a lot in cryptocurrency.
What happens when you withdraw Bitcoin?
Bitcoin ATMs are a way to get immediate access to cash using your bitcoins. Bitcoin ATMs do not operate like traditional ATMs. In order to make a cash withdrawal and sell your Bitcoin from the ATM, the machine provides a QR code to which you send your Bitcoin. You simply wait a couple of minutes and receive your cash.