Article -> Article Details
Title | How to Withdraw Money from Coinbase Wallet to Bank Account? |
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Category | Media News --> Online Archives |
Meta Keywords | coinbase |
Owner | sandeepkoli |
Description | |
Coinbase has become a go-to platform for trading and
managing cryptocurrencies. However, navigating the process of withdrawing
funds from your Coinbase Wallet to your bank account can be
challenging. In this comprehensive guide, we will walk you through the steps to cash out your digital assets, the time it
takes, the associated costs, and everything in between. How
to Cash Out Cash from Coinbase Withdrawing
money from your Coinbase account involves a few
straightforward steps. Here is a detailed guide to help you through the
process: 1. Login to Your Coinbase Account: Begin by logging into your Coinbase account through the mobile
app or website. 2. Navigate to Portfolio: Click on 'Portfolio' to view your holdings. 3. Select the Asset: Choose the cryptocurrency or fiat currency you wish to
withdraw. 4. Initiate the Withdrawal: Click on the 'Withdraw' button next to the asset. 5. Select Withdrawal Destination: Choose 'Bank Account' as your destination for the funds. 6. Enter the Amount: Specify the amount you want to withdraw. 7. Confirm the Transaction: Review the details and confirm the withdrawal. You might be
required to complete additional verification steps depending on your account
settings. How
to Withdraw Crypto from Coinbase Withdrawing
cryptocurrency directly from Coinbase
to another crypto wallet involves the following steps: 1. Access Your Coinbase Account: Log in to your Coinbase account via the app or website. 2. Navigate to Send/Receive: Click on the 'Send/Receive' button on the dashboard. 3. Select Cryptocurrency: Choose the specific cryptocurrency you want to send. 4. Enter the Recipient’s Address: Input the wallet address where you want to send your
cryptocurrency. Ensure the address is correct to avoid loss of funds. 5. Specify the Amount: Enter the amount of cryptocurrency you wish to send. 6. Confirm the Transaction: Review the transaction details and confirm. You might need to
authenticate the transaction with 2-factor authentication. How
to Cash Out Crypto from Coinbase Cashing
out cryptocurrency from Coinbase involves converting
your crypto assets into fiat currency and then transferring that fiat currency
to your bank account. Here’s how to do it: 1. Convert Crypto to Fiat: o Navigate to Trade: Click on 'Trade' in your Coinbase account. o Select Convert: Choose the cryptocurrency you wish to convert to fiat (e.g.,
USD, EUR). o Enter Amount:
Specify the amount to convert. o Confirm Conversion: Review and confirm the conversion. 2. Withdraw Fiat Currency: o Navigate to Portfolio: Go back to 'Portfolio' and select the fiat currency. o Click on Withdraw: Select 'Withdraw' and choose 'Bank Account' as the
destination. o Enter the Amount: Specify the amount to withdraw. o Confirm the Transaction: Review the transaction details and confirm. How
Long Does It Take to Withdraw Currency from Coinbase? The
withdrawal time can vary based on several factors, including the destination
bank and the type of withdrawal. Typically, here’s what you can expect: ·
Instant Withdrawals: If you use an
instant withdrawal method, such as a linked debit card, the funds can arrive in
your bank account within minutes. ·
Standard Bank Transfers:
Standard bank transfers usually take between 1-5 business days. ·
Cryptocurrency Withdrawals: Crypto transactions depend on network speed and can range from
a few minutes to several hours. How
Much Does It Cost to Withdraw Crypto from Coinbase? Coinbase
charges fees for withdrawing cryptocurrency and fiat currency. These fees can vary: ·
Network Fees: For crypto
withdrawals, you will incur network fees, which are determined by the
blockchain network. ·
Withdrawal Fees: Fiat currency
withdrawals to your bank account might include a flat fee or a percentage of
the amount, depending on your region and the withdrawal method. ·
Conversion Fees: When converting
crypto to fiat, Coinbase charges a conversion fee based on the transaction
amount. To
get precise fee details, you can refer to the Coinbase fee structure. Tips
for a Smooth Withdrawal Process 1. Verify Your Account: Ensure your account is fully verified to avoid delays and
limitations. 2. Check Limits:
Be aware of your account’s withdrawal limits, which can vary based on your
verification level. 3. Use Reliable Addresses: Double-check the wallet addresses for crypto withdrawals to
avoid loss of funds. 4. Plan for Fees:
Account for any potential fees when planning your withdrawals to avoid
surprises. Conclusion Withdrawing
funds from Coinbase, whether crypto or
fiat, is a systematic process that involves understanding the steps and
associated costs. By following the guide above, you can ensure a smooth and
secure withdrawal experience. Always ensure you are using up-to-date
information and follow Coinbase’s security guidelines to protect your assets. |