Coinbase is a popular cryptocurrency exchange that allows users to buy, sell, and store digital assets. If you want to withdraw money from Coinbase to your bank account, follow these steps:
Steps to Withdraw Cash from Coinbase to Bank
Step 1: Log In to Your Coinbase Account
Visit the Coinbase website or open the Coinbase app and enter your email address or phone number and password to log in.
Read Also: How to withdraw USDT from Blockchain to Bank account?
Step 2: Navigate to Your Portfolio
Once you’re logged in, click on the Portfolio
tab to view your account balances.
Step 3: Time to Sell
If you want to withdraw fiat currency like USD, you must first sell your cryptocurrency holdings and convert them into fiat. To do this, click on “Trade"
or "Buy/Sell
“, select the “Sell"
tab, choose the crypto asset you want to sell, enter the amount, and select the fiat currency you want to convert to (e.g., USD). Review and confirm the transaction details.
Step 4: Choose Your Payment Method
After selling your cryptocurrency, you need to choose your payment method for the withdrawal. Go to your fiat wallet (e.g., USD wallet) and click “Withdraw"
. Enter the amount you want to withdraw and select your preferred payment method – bank account, debit card, or credit card.
Step 5: Select Your Bank Account
If you choose to withdraw to your bank account, you’ll need to specify the bank account you want to use. This will depend on the payment method you selected earlier.
Step 6: Specify the Amount
Enter the amount you want to withdraw from your fiat wallet.
Step 7: Review and Confirm
Before submitting your withdrawal request, review all the details to ensure they are correct. Once you’re satisfied, click Withdraw
to initiate the process.
Step 8: The Waiting Game
After submitting your withdrawal request, you’ll need to wait for the funds to be processed. This can take anywhere from a few hours to a few days, depending on the payment method and the time of day.
Step 9: Cha-Ching!
Once your withdrawal is processed, the funds should appear in your bank account within the specified timeframe.
Please note that Coinbase may charge fees for withdrawals, which can vary depending on the payment method and the amount being withdrawn. Additionally, you may need to verify your email address and complete identity verification before you can withdraw funds.