How to Withdraw Money from Coinbase to Bank Account?
Coinbase has established itself as one of the most popular and user-friendly cryptocurrency exchanges in the world. With millions of users globally, many investors and traders are eager to withdraw funds from Coinbase to their bank accounts efficiently and securely. In this comprehensive guide, we explain how to cash out from Coinbase, including all the methods, timelines, fees, and best practices.
How to Cash Out with Coinbase?
Withdrawing your funds from Coinbase involves converting your cryptocurrency into fiat currency (USD, EUR, GBP, etc.) and then transferring it to your linked bank account. Here's how to do it:
Step-by-Step Guide: How to Withdraw Money from Coinbase
1. Login to Coinbase Account
Access your Coinbase dashboard via desktop or mobile app.
2. Sell Your Crypto to Fiat
Navigate to the Trade section.
o Select the cryptocurrency you wish to sell.
o Choose the fiat currency (like USD).
o Complete the sale transaction.
3. Select ‘Send’ or ‘Cash Out’ Option
Once your crypto is converted to fiat, go to Assets → Select your fiat balance → Click on Cash Out or Withdraw.
4. Choose Your Linked Bank Account
If you have previously linked a bank account, select it. If not, you’ll need to add and verify your bank account.
5. Enter Withdrawal Amount
Specify the amount you wish to transfer and confirm the transaction.
6. Confirm Transaction and Wait for Funds
Finalize the process. You will receive a confirmation email and the funds will be sent to your bank.