The bank wire withdrawal option lets you transfer money from your Skrill digital wallet to a personal bank account. Log in to your account, and visit the Withdraw section to check whether this option is available to you. In this case, Crypto.com would not know your cost basis for purchasing your Bitcoin since the transaction took place on a different platform. As a result, the platform may have trouble calculating your capital gain in the case of a future disposal. In this case, cashback also means CRO, which could be inconvenient if you use the card solely for rewards. Users will likely need to convert CRO into fiat currency to access their cash rewards and might even have to pay taxes on that conversion. It also means the value of the rewards may change unexpectedly as CRO can experience somewhat volatile price swings.
