How to Withdraw Money from Coinbase: Easy Steps to Cash out Your Crypto

Coinbase is one of the most popular cryptocurrency exchanges, allowing users to buy, sell, and store digital assets. However, many users often wonder how to withdraw money from Coinbase efficiently. Whether you want to transfer funds to your bank account, cash out crypto, or use PayPal, this guide will walk you through the process step-by-step.

Understanding Coinbase Withdrawals

Withdrawing money from Coinbase involves converting your cryptocurrency into fiat (USD, EUR, GBP, etc.) and then transferring it to your bank or payment service. Coinbase provides several withdrawal methods, including bank transfers, PayPal, and debit card withdrawals.

Types of Withdrawals on Coinbase

1. Bank Transfer (ACH, SEPA, Wire Transfer) - Transfers directly to your linked bank account.
2. PayPal Withdrawal - Convert crypto to cash and withdraw instantly.
3. Debit Card Withdrawal - Use your Visa or Mastercard to cash out.
4. Instant Cash Out - Receive funds in minutes with eligible payment methods.
5. Coinbase Card - Spend crypto directly or withdraw cash from ATMs.

Step-by-Step Guide to Withdraw Money from Coinbase

1. Log in to Your Coinbase Account

Visit Coinbase and enter your credentials. Ensure that your account is verified and secured with two-factor authentication (2FA).

2. Sell Your Cryptocurrency

Since Coinbase does not allow direct crypto-to-cash withdrawals, you must sell your cryptocurrency first:

• Click on “Buy & Sell” in the dashboard.
• Select the cryptocurrency you want to sell.
• Choose “Sell for cash” and enter the amount.
• Confirm the transaction.
• Your funds will now be available in your Fiat Wallet on Coinbase.

3. Choose Your Withdrawal Method

Once your funds are in your fiat balance, follow these steps to withdraw:

A. Withdraw via Bank Transfer (ACH, SEPA, or Wire Transfer)

• Go to “Assets” or “Portfolio” on the Coinbase dashboard.
• Click “Withdraw” next to your fiat balance.
• Select Bank Account as your withdrawal method.
• Enter the amount you wish to withdraw.
• Confirm the transaction.
• Processing Time:

  • ACH transfers (U.S.): 1-3 business days
  • SEPA transfers (Europe): 1-2 business days
  • Wire transfers: Same-day processing (may include additional fees)

B. Withdraw via PayPal (Instant Transfer)

• Link your PayPal account to Coinbase under Settings > Payment Methods.
• Navigate to Portfolio and select your fiat balance.
• Click “Withdraw” and choose PayPal.
• Enter the withdrawal amount and confirm.
• Processing Time: Instant (may incur small fees depending on region)

C. Withdraw via Debit Card (Instant Withdrawal)

• Ensure you’re Visa or Mastercard is linked to Coinbase.
• Select Debit Card as your withdrawal method.
• Enter the amount to withdraw and confirm.
• Processing Time: Instant but may have small withdrawal fees.

D. Withdraw Using Coinbase Card

• Apply for a Coinbase Visa Debit Card if you haven’t already.
• Withdraw cash directly at ATMs using your Coinbase balance.
• Processing Time:

Coinbase Withdrawal Limits

Coinbase imposes withdrawal limits based on account verification levels.

• Basic Users (Unverified): Limited withdrawals.
• Verified Users: Higher limits; typically up to $50,000 per day.
• Business Accounts: Even higher withdrawal limits.

To increase your Coinbase withdrawal limit, complete ID verification in the Settings > Limits & Features section.

Coinbase Withdrawal Fees

• ACH Transfers (U.S.): Free
• SEPA Transfers (Europe): €0.15
• Wire Transfers: $10–$25 (depending on the bank)
• Debit Card/PAYPAL Withdrawals: 1.5% (minimum $0.55 fee)
• Instant Card Cash Out: Up to 2%

It’s best to check the latest fees on the Coinbase Fee Structure before making a withdrawal.

Troubleshooting Coinbase Withdrawal Issues

If your withdrawal is delayed or blocked, consider these solutions:

1. Ensure Your Account is verified – Coinbase requires full identity verification for fiat withdrawals.
2. Check Payment Method – Some banks may block cryptocurrency-related transactions.
3. Avoid Withdrawal Limits – Verify your account to increase your withdrawal limits.
4. Resolve Pending Transactions – Any pending transactions can delay withdrawals.
5. Use a Different Method – If one withdrawal option isn’t working, try another (e.g., PayPal instead of a bank transfer).
6. Contact Coinbase Support – If you still have issues, visit Coinbase Help Center.

Final Thoughts

Cash Out money from Coinbase is a straightforward process once you understand the steps involved. By selecting the right withdrawal method—whether it's a bank transfer, PayPal, or debit card—you can efficiently cash out your crypto holdings. Always be aware of withdrawal fees and limits to ensure a smooth transaction.