How to Get Money from Coinbase Wallet to Bank Account?

Wondering how to cash out on Coinbase? The process is fairly straightforward, but you’ll need a verified account. Here’s how to withdraw from Coinbase both on desktop and mobile.

This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

How to withdraw money from Coinbase

You can withdraw currency directly to your bank account from either the Coinbase app or website.

Please note you’ll first need to convert your funds into your local currency before submitting a withdrawal.

On the Coinbase website (desktop app):

1. Log in to your Coinbase account
2. Click My Assets
3. Choose your currency
4. Click Cash outand enter the amount you want to withdraw
5. Click Continueand select the account you want to withdraw to
6. Click Continueand check that the details are correct
7. Click Cash out nowto submit the withdrawal

On the Coinbase mobile app:

1. Tap My assetsand select Cash out
2. Enter the amount you want to withdraw
3. Tap Cash out fromto select which balance to withdraw from
4. Tap Deposit toto choose where to withdraw the money
5. Tap Preview cash outand check the details are correct
6. Tap Cash out nowto submit the withdrawal

Depending on the method you use to withdraw, you may need to pay a withdrawal fee, especially if you select the “Instant cash out” option.

On the Coinbase wallet:

The Coinbase wallet is a standalone non-custodial hot wallet that works separately from your Coinbase exchange account. As such, the steps for cashing out on the wallet are different to cashing out on desktop or mobile. Here’s how to withdraw money from Coinbase wallet.

1. Select Sendon the on the Payments tab
2. Choose the asset and amount you want to send
3. Select Sendand enter the recipient address, Ethereum Name Service (ENS) or web3 username. If you’re using the Coinbase Wallet mobile app, you can scan the recipient’s QR code instead.
4. Review and confirm the details

To withdraw from Coinbase wallet to a bank account, you’ll need to transfer your crypto to an exchange, convert it to fiat currency and transfer it to a bank account linked to your exchange account.

How to withdraw crypto from Coinbase?

1. Log in to your Coinbase account and then select Portfolios
2. Choose a specific portfolio and select Withdraw
3. Find and select the crypto you want to withdraw
4. Select your withdrawal method
5. Add the withdrawal address in the Tofield and select the network you wish to use, if applicable
6. Enter the amount you want to withdraw
7. Review the transaction and then hit Withdrawto confirm the transaction
8. If you have 2FA enabled, you may need to complete the verification before you can submit the withdrawal

Before submitting the withdrawal, make sure you’ve checked that the withdrawal address is correct and that it supports transactions from the selected network.

Where can I withdraw my crypto from Coinbase to?

You should be able to withdraw your crypto to any valid wallet address, including:

• A hardware wallet like a Ledger or Trezor
• A software wallet like Exodus or MetaMask
• Another crypto exchange (some exchanges even offer bonuses when you deposit crypto or open an account)

Please make sure that the wallet address you’re sending your crypto to supports the coin and network you’re trying to send. If not, you may lose your funds.

How long does it take to withdraw currency from Coinbase?

It depends on the withdrawal method you choose. If you select Instant cash out or withdraw via debit then your funds should be transferred immediately.

If not, you may need to wait a few business days for the funds to arrive in your bank account.

There is a default daily withdrawal limit of $100,000 across all currencies on Coinbase.

How long does it take to withdraw crypto from Coinbase?

Crypto withdrawal times vary based on the crypto you’re looking to withdraw and the network you used to process the transaction.

What is the Coinbase withdrawal fee?

Like most exchanges, you’ll generally need to pay a fee when withdrawing crypto. The Coinbase withdrawal fee varies depending on which coin you want to withdraw and the network you use for the withdrawal.

Coinbase calculates this fee based on an estimation of the network fees at the time of the withdrawal. You will be shown the Coinbase withdrawal fee amount before you’re asked to confirm the transaction.

It may be possible to reduce your withdrawal fees by using a different network, such as the Bitcoin Lightning Network.

All USDC withdrawals are free on Coinbase, but you’ll need to have converted your crypto to USDC first.

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