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How to Withdraw Money from Coinbase? A step-by-step guide

2024-04-02 14:52

Abstract: The cash-out process on Coinbase refers to the procedure of converting your cryptocurrency holdings into traditional fiat currency, such as US dollars, euros, or other supported currencies and transferring these funds to your bank account or other payment methods. Essentially, it means selling your cryptocurrencies on the Coinbase platform in exchange for fiat currency.

Understanding Cash-Out Process on Coinbase

The cash-out process on Coinbase refers to the procedure of converting your cryptocurrency holdings into traditional fiat currency, such as US dollars, euros, or other supported currencies and transferring these funds to your bank account or other payment methods. Essentially, it means selling your cryptocurrencies on the Coinbase platform in exchange for fiat currency.

Traders can get cash out by selling their cryptocurrencies through the Coinbase exchange platform. Once the sale is executed, the corresponding fiat currency value is credited to their Coinbase wallet. From there, they can initiate a withdrawal to their linked bank account or other supported payment methods.

You would typically cash out your cryptocurrency holdings on Coinbase under the following situations:

  • Profit-taking: When you want to realize gains from your cryptocurrency investments and convert them into fiat currency for personal use or investment in other assets.

  • Funding needs: When you require immediate liquidity or funds for personal expenses, bills, or other financial obligations.

  • Diversification: When you decide to rebalance your investment portfolio by converting some of your cryptocurrency holdings into fiat currency or other assets.

  • Exiting the market: When you decide to exit the cryptocurrency market entirely and convert your holdings into fiat currency for long-term savings or investment in traditional assets.

  • Understanding Cash-Out Process on Coinbase

    Steps of Withdraw Money

    Here are the specific steps to withdraw money from Coinbase:

    • Log in to Your Coinbase Account: Visit the Coinbase website or open the Coinbase mobile app and log in to your account using your username and password.

    • Navigate to the Accounts Page: Once logged in, navigate to the “Accounts” tab or page. This page displays a list of all your cryptocurrency balances and fiat currency wallets.

    • Select the Currency to Withdraw: From the Accounts page, locate the cryptocurrency or fiat currency you wish to withdraw. Click on the corresponding wallet to proceed with the withdrawal.

    • Click on the “Withdraw” Button: Within the selected currency wallet, locate and click on the “Withdraw” button or option. This action will initiate the withdrawal process for that specific currency.

    • Choose the Withdrawal Method: Coinbase offers multiple withdrawal methods, including bank accounts, PayPal, and other supported payment methods. Select your preferred withdrawal method from the available options.

    • Enter Withdrawal Amount: Enter the amount of cryptocurrency or fiat currency you wish to withdraw. Ensure that the withdrawal amount does not exceed your available balance and consider any applicable fees.

    • Confirm Withdrawal Details: Review the withdrawal details, including the withdrawal amount, destination wallet address or payment method, and any associated fees. Double-check that all information is accurate before proceeding.

    • Complete Two-Factor Authentication (if enabled): If you have two-factor authentication (2FA) enabled on your Coinbase account, you may be prompted to enter a verification code sent to your registered mobile device or email.

    • Submit Withdrawal Request: Once you have reviewed and confirmed all withdrawal details, click on the “Withdraw Funds” or “Confirm Withdrawal” button to submit your withdrawal request.

    • Verify Withdrawal Confirmation: After submitting the withdrawal request, Coinbase will display a confirmation message indicating that your withdrawal request has been successfully processed. You may also receive an email confirmation.

    • Monitor Withdrawal Status: Depending on the withdrawal method and processing times, it may take some time for the funds to reflect in your external wallet or bank account. You can monitor the withdrawal status on the Coinbase platform.

    • Receive Withdrawal Confirmation: Once the withdrawal is processed successfully, you will receive a confirmation notification from Coinbase. You can also verify the withdrawal by checking your external wallet or bank account for the deposited funds.

    • Coinbase Fees and Limits

      • Transaction Fees: Coinbase charges transaction fees for buying, selling, and exchanging cryptocurrencies on its platform. The fee structure varies depending on the transaction amount, payment method, and geographic location.

        • Transaction fees typically range from 0.5% to 3.99% of the transaction amount. Higher fees may apply to certain payment methods, such as credit/debit card purchases.

          • Deposit and Withdrawal Fees: Coinbase does not charge fees for cryptocurrency deposits into your Coinbase account. However, fees may apply when transferring cryptocurrencies from Coinbase to external wallets or addresses.

            • Withdrawal fees vary depending on the cryptocurrency and the destination wallet or address. Coinbase provides fee estimates for each withdrawal transaction before you confirm the withdrawal.

            • Conversion Fees: Coinbase charges conversion fees when exchanging one cryptocurrency for another within its platform. The conversion fee structure is similar to transaction fees and may vary based on transaction size and payment method.

            • Spreads: Coinbase applies spreads to cryptocurrency transactions, which represent the difference between the buying and selling prices of cryptocurrencies. Spreads may vary depending on market conditions and liquidity.

            • Limits: Coinbase imposes various limits on transactions, deposits, and withdrawals to comply with regulatory requirements and security measures. These limits may vary depending on factors such as account verification level, payment method, and geographic location.

              • Withdrawal limits are also imposed on cryptocurrency withdrawals from Coinbase to external wallets or addresses. These limits may vary depending on account verification level and security considerations.

              • Daily and weekly purchase limits may apply to buying cryptocurrencies using fiat currency. These limits are typically set based on account verification status and payment method.

              • Fee Type Description
                Transaction Fees Charged for buying, selling, and exchanging cryptocurrencies on Coinbase. Fees range from 0.5% to 3.99% of the transaction amount.
                Deposit and Withdrawal Fees No fees for cryptocurrency deposits into Coinbase. Withdrawal fees vary depending on the cryptocurrency and destination.
                Conversion Fees Charged when exchanging one cryptocurrency for another within Coinbase. Fees are similar to transaction fees and vary based on transaction size and payment method.
                Spreads Applied to cryptocurrency transactions, representing the difference between buying and selling prices. Spreads vary depending on market conditions and liquidity.
                Limits Daily and weekly purchase limits may apply to buying cryptocurrencies with fiat currency.Withdrawal limits are imposed on cryptocurrency withdrawals from Coinbase.
                  Coinbase Fees and Limits

                  Common Issues and Troubleshooting Tips

                  Users may encounter common issues that can affect their trading experience.

                  • Account Verification Delays: Users may experience delays in account verification, hindering access to certain features. To address this, it's essential to ensure that all required documents for verification are uploaded correctly. If verification delays persist, reaching out to Coinbase support for assistance is advisable.

                  • Transaction Delays: Transactions may encounter delays due to network congestion or technical issues. To troubleshoot, users can check the status of their transaction on the Coinbase platform or blockchain explorer. If delays persist or transactions fail to confirm, contacting Coinbase support is recommended.

                  • Payment Method Rejection: Payment methods like credit/debit cards or bank transfers may get rejected during transactions. Troubleshooting involves verifying if the payment method is supported and has sufficient funds. Checking for restrictions or blocks on the payment method and reaching out to the bank or card issuer for further assistance may be necessary.

                  • Locked Accounts: Temporary account locks due to security concerns or suspicious activity can occur. To regain access, users should follow the instructions provided by Coinbase, such as completing identity verification or password resets. Contacting Coinbase support for further assistance is advisable if needed.

                  • Incorrect Wallet Addresses: Sending cryptocurrencies to the wrong wallet address can result in fund loss. Users should always double-check the recipient's wallet address before sending cryptocurrency and use copy-and-paste to avoid typographical errors. If funds have been sent to the wrong address, contacting Coinbase support is necessary.

                  • Unauthorized Access: Unauthorized access to accounts due to phishing attacks or compromised credentials is a concern. Enabling two-factor authentication (2FA) for added security, monitoring account activity regularly, and reporting any suspicious transactions or login attempts to Coinbase support immediately are recommended actions.

                  • Unsupported Regions: Users in certain regions may face restrictions or limitations on Coinbase services. To troubleshoot, it's important to check Coinbase's list of supported regions and ensure accessing the platform from a supported location. Using a VPN, if necessary, should be done cautiously, considering associated risks and legal implications.

                  • Customer Support Delays: Long wait times or delays in receiving support responses from Coinbase can occur. Users can utilize self-help resources like FAQs and support articles for common issues. If further assistance is needed, submitting a support ticket and following up as necessary or reaching out via multiple support channels for quicker resolution is advisable.

                  • Common Issues and Troubleshooting Tips

                    Why Can't I Cash Out of Coinbase?

                    There could be several reasons why you may encounter difficulty cashing out of Coinbase:

                    • Account Verification: If your account is not fully verified, you may have limitations on withdrawal amounts or be unable to withdraw funds altogether. Ensure that your account is fully verified by providing all necessary identification documents.

                    • Payment Method Issues: If you're trying to withdraw funds to a bank account or payment method that is not linked or verified with your Coinbase account, the withdrawal may be unsuccessful. Make sure that the withdrawal destination is correctly set up in your account settings.

                    • Funds on Hold: If you recently made a deposit or purchase on Coinbase, there may be a temporary hold on your funds. Wait for the hold period to expire before attempting to withdraw again.

                    • Trading Restrictions: Coinbase may impose trading restrictions or hold funds in certain circumstances, such as suspicious activity or compliance with regulatory requirements. Contact Coinbase support for assistance if you believe this may be the case.

                    • Technical Issues: Occasionally, technical glitches or system maintenance on the Coinbase platform can affect withdrawal functionality. Monitor Coinbase's status page or social media channels for any announcements about platform issues.

                    • Account Security Concerns: If Coinbase detects any suspicious activity or unauthorized access attempts on your account, they may temporarily restrict certain account functionalities, including withdrawals, to protect your funds. Ensure that your account is secure and consider enabling two-factor authentication for added security.

                    • Why Can't I Cash Out of Coinbase?

                      What are Crypto Transaction Fees on Coinbase?

                      On Coinbase, crypto transaction fees vary depending on the specific cryptocurrency being traded, the trading pair, and the transaction type (buying, selling, or transferring).

                      • Buy/Sell Fees: Coinbase charges a fee for buying and selling cryptocurrencies on its platform. The fee structure is typically based on a percentage of the transaction amount and may vary depending on the user's location and the payment method used.

                      • Spread Fees: In addition to explicit buy/sell fees, Coinbase also incorporates a spread into the exchange rate when buying or selling cryptocurrencies. The spread represents the difference between the market price of the cryptocurrency and the price at which Coinbase buys or sells the asset. This spread effectively adds a hidden fee to transactions.

                      • Transfer Fees: Coinbase may charge network fees for transferring cryptocurrencies from Coinbase to external wallets or exchanges. These fees are imposed by the respective blockchain networks (e.g., Bitcoin, Ethereum) to process transactions and may vary based on network congestion and transaction priority.

                      • Coinbase Pro Fees: Users trading on Coinbase Pro, Coinbase's advanced trading platform, may encounter different fee structures compared to the standard Coinbase platform. Coinbase Pro offers lower fees for high-volume traders and liquidity providers.

                      • Variable Fees: Coinbase's fee structure is subject to change and may be adjusted based on market conditions, regulatory requirements, and operational considerations. Users should review the latest fee schedule on Coinbase's website or mobile app for the most accurate information.

                      • Fee Disclosure: Coinbase provides transparency regarding its fee structure, with detailed information available on its website and within the platform. Users can view fee schedules, calculate transaction costs, and review fee breakdowns before executing trades or transfers.

                      • Withdraw funds from a Closed Account

                        If your Coinbase account has been closed due to violations of the user agreement, you must withdraw any remaining balance from your account. Upon signing in, you will receive a prompt to withdraw all funds from your account.

                        Please note that Coinbase can no longer offer currency conversion services. To convert your digital currency, you will need to utilize a third-party brokerage or exchange.

                        To withdraw cryptocurrency, you'll need to obtain an external address from a third-party wallet provider and input that address for withdrawal. Here are some options for obtaining an external cryptocurrency address:

                        • Bitcoin: Visit https://www.bitcoin.organd navigate to “Getting started with Bitcoin,” then click the “Choose your wallet” link.

                        • Ethereum: Visit https://www.myetherwallet.com/.

                        • Litecoin: Visit https://jaxx.io/.

                        For withdrawing local currency, any available balance can be withdrawn to a previously verified bank account.

                        Once you have successfully withdrawn all funds from your Coinbase account, you will have the option to close your account.

                        Withdraw funds from a Closed Account

                        Withdrawing money from Coinbase Account to Bank Account

                        • Log In to Coinbase: Visit the Coinbase website or open the Coinbase mobile app and log in to your account using your credentials.

                        • Navigate to the “Portfolio” Section: Once logged in, navigate to the “Portfolio” or “Accounts” section of your Coinbase dashboard. This section displays all the cryptocurrencies and fiat currencies (such as USD or EUR) in your Coinbase account.

                        • Select the Fiat Wallet: Locate your fiat currency wallet (e.g., USD Wallet) where you want to withdraw funds to your bank account.

                        • Initiate Withdrawal: Click or tap on the “Withdraw” or “Withdraw Funds” button next to your fiat currency wallet. This action will prompt you to specify the withdrawal amount and the destination bank account.

                        • Enter Withdrawal Amount: Enter the amount of money you wish to withdraw from your Coinbase account to your bank account. Make sure to review the withdrawal fee, if applicable, which Coinbase may charge for the transaction.

                        • Select Bank Account: Choose the bank account where you want to transfer the funds. If you haven't linked a bank account yet, you may need to add one by providing your bank account details.

                        • Confirm Withdrawal: Review the withdrawal details, including the withdrawal amount and destination bank account. Confirm that the information is correct before proceeding.

                        • Complete Verification (if required): Depending on your account settings and withdrawal amount, Coinbase may require additional verification steps, such as two-factor authentication (2FA) or identity verification, to ensure security.

                        • Submit Withdrawal Request: Once you've reviewed and confirmed the withdrawal details, submit the withdrawal request. Coinbase will process the withdrawal and transfer the funds to your bank account.

                        • Monitor Withdrawal Status: You can monitor the status of your withdrawal by checking your transaction history or withdrawal status page on Coinbase. It may take several business days for the funds to appear in your bank account, depending on your bank's processing times.

                        • Can You Sell Bitcoin for Cash?

                          Individuals can sell Bitcoin for cash through various methods. Here are some common ways to do so:

                          • Bitcoin ATMs: Bitcoin ATMs allow users to sell Bitcoin and receive cash in exchange. Users can locate a Bitcoin ATM nearby, initiate a sell transaction, and withdraw cash from the machine. Some Bitcoin ATMs may require identity verification for larger transactions.

                          • Peer-to-Peer (P2P) Platforms: P2P platforms facilitate direct trades between buyers and sellers. Sellers can list their Bitcoin for sale, specify the desired payment method (such as cash), and arrange a meeting with the buyer to exchange Bitcoin for cash in person.

                          • Cryptocurrency Exchanges: Some cryptocurrency exchanges allow users to sell Bitcoin and withdraw the proceeds in cash to their bank account. Users can initiate a sell order on the exchange, convert their Bitcoin to fiat currency (such as USD or EUR), and withdraw the funds to their bank account.

                          • Over-the-Counter (OTC) Trading: OTC trading involves trading Bitcoin directly with a counterparty, often facilitated by brokers or OTC desks. Sellers can negotiate the sale terms, including the price and payment method, with the counterparty, who then provides cash in exchange for the Bitcoin.

                          • Local Bitcoin Meetups: Local Bitcoin meetups or communities may organize events where individuals can buy and sell Bitcoin in person. Sellers can find buyers willing to pay in cash and conduct the transaction face-to-face at the meetup location.

                          • How to Find Bitcoin?

                            Finding Bitcoin typically involves purchasing it through a cryptocurrency exchange or platform.

                            • Choose a Cryptocurrency Exchange: Research and select a reputable cryptocurrency exchange or platform where you can buy and sell Bitcoin. Popular exchanges include Coinbase, Binance, Kraken, and Bitfinex. Ensure that the exchange supports your location and preferred payment methods.

                            • Create an Account: Sign up for an account on the chosen cryptocurrency exchange. Provide the required information, including your email address, password, and any identity verification documents as per the exchange's requirements.

                            • Complete Identity Verification (KYC): Some exchanges may require you to complete identity verification (Know Your Customer - KYC) before you can start trading. This typically involves providing personal information and documents to verify your identity.

                            • Deposit Funds: Deposit funds into your exchange account using the available deposit methods. Common deposit methods include bank transfers, credit/debit cards, and cryptocurrency deposits from other wallets.

                            • Navigate to Bitcoin Trading Pair: Once your funds are deposited, navigate to the Bitcoin trading pair on the exchange. This may be listed as BTC/USD, BTC/EUR, or other fiat currency pairs, depending on your location.

                            • Place an Order: Choose the type of order you want to place, such as a market order (buying at the current market price) or a limit order (setting a specific price at which you want to buy). Enter the amount of Bitcoin you want to buy and review the order details.

                            • Execute the Trade: After confirming the order details, execute the trade. Your order will be processed, and you'll receive the corresponding amount of Bitcoin in your exchange account.

                            • Withdraw Bitcoin to Your Wallet: For security purposes, consider withdrawing the Bitcoin from the exchange to your cryptocurrency wallet, where you have full control over your funds. Follow the withdrawal process on the exchange and provide your wallet address to complete the transaction.

                            • Monitor Your Investment: Once you've acquired Bitcoin, monitor its value and track its performance over time. You can hold onto Bitcoin as a long-term investment or trade it on exchange for other cryptocurrencies or fiat currencies.

                            • How to Send Bitcoin?

                              Sending Bitcoin involves a straightforward process, whether you're using a cryptocurrency wallet or an exchange platform.

                              • Access Your Wallet or Exchange Account: Log in to your Bitcoin wallet or exchange account where your Bitcoin is stored. Ensure that you have the necessary credentials to access your account.

                              • Locate the Send or Withdraw Option: Navigate to the “Send” or “Withdraw” section within your wallet or exchange account. This option is typically found in the main menu or dashboard.

                              • Enter Recipient's Address: Copy and paste the recipient's Bitcoin address into the designated field. Ensure that the address is accurate to avoid sending Bitcoin to the wrong destination.

                              • Specify Amount: Enter the amount of Bitcoin you wish to send. You can either enter the amount in Bitcoin (BTC) or its equivalent value in your local currency, depending on the platform's interface.

                              • Review Transaction Details: Double-check the transaction details, including the recipient's address and the amount of Bitcoin being sent. Verify that everything is correct before proceeding.

                              • Confirm Transaction: Once you've reviewed the transaction details, confirm the transaction to initiate the sending process. Some wallets or exchanges may require you to enter a verification code or confirm the transaction via email or SMS.

                              • Wait for Confirmation: After confirming the transaction, wait for it to be processed and confirmed by the Bitcoin network. The time it takes for a Bitcoin transaction to be confirmed can vary depending on network congestion and the transaction fee paid.

                              • Monitor Transaction: You can monitor the status of your transaction by checking the transaction history within your wallet or exchange account. Once the transaction is confirmed, the recipient should receive the Bitcoin in their wallet.

                              • How do you Enable Bitcoin on a Cash App?

                                Enabling Bitcoin on the Cash App allows you to buy, sell, and send Bitcoin directly within the app.

                                • Download and Install Cash App: If you haven't already, download the Cash App from the App Store (for iOS devices) or Google Play Store (for Android devices). Follow the prompts to set up your account.

                                • Link Your Bank Account or Debit Card: To enable Bitcoin on Cash App, you'll need to link a bank account or debit card to your Cash App account. This will allow you to fund your Cash App balance to purchase Bitcoin.

                                • Access Bitcoin Section: Open the Cash App on your mobile device and navigate to the “Investing” tab at the bottom of the screen. From there, select the “Bitcoin” option to access the Bitcoin section.

                                • Enable Bitcoin Buying and Selling: In the Bitcoin section, you'll see options to buy, sell, and send Bitcoin. To enable Bitcoin buying and selling, you may need to verify your identity by providing some personal information as per Cash App's verification process.

                                • Buy Bitcoin: Once enabled, you can purchase Bitcoin by entering the amount you want to buy and confirming the transaction. You can use funds from your Cash App balance, linked bank account, or debit card to buy Bitcoin.

                                • Sell Bitcoin: Similarly, you can sell Bitcoin by selecting the “Sell” option in the Bitcoin section. Enter the amount of Bitcoin you want to sell and confirm the transaction. The proceeds from the sale will be credited to your Cash App balance.

                                • Send Bitcoin: You can also send Bitcoin to others directly within the Cash App. Select the “Send” option, enter the recipient's Bitcoin address or scan their QR code, specify the amount to send, and confirm the transaction.

                                • Review Fees and Limits: Before buying, selling, or sending Bitcoin on Cash App, review the associated fees and transaction limits. Cash App may charge fees for Bitcoin transactions, and there may be limits on the amount of Bitcoin you can buy, sell, or send.

                                • Cash out your Credit Card

                                  Cashing out a credit card typically involves withdrawing cash from your credit card's available credit limit. However, it's important to note that cash advances from credit cards usually come with high fees and interest rates, making them an expensive way to access cash. Here's how you can cash out a credit card:

                                  • Check Available Credit: Before attempting to cash out your credit card, verify your available credit limit. You can do this by checking your credit card statement or logging into your online banking account.

                                  • Locate ATM: Find an ATM that accepts your credit card. Most ATMs will display logos indicating which credit cards they accept.

                                  • Insert Card: Insert your credit card into the ATM's card slot.

                                  • Enter PIN: If your credit card has a PIN associated with it, you will be prompted to enter it. Follow the on-screen instructions to proceed.

                                  • Select Cash Advance: On the ATM screen, select the option for a cash advance or cash withdrawal.

                                  • Enter Amount: Enter the amount of cash you wish to withdraw. Be mindful of any limits imposed by your credit card issuer.

                                  • Review Terms and Fees: The ATM will display the terms and fees associated with the cash advance, including any transaction fees and the interest rate for cash advances. Take note of these charges before proceeding.

                                  • Confirm Transaction: Review the details of your transaction and confirm to proceed with the cash advance.

                                  • Collect Cash: Once the transaction is approved, the ATM will dispense the requested cash amount.

                                  • Take Receipt: Don't forget to take your receipt, which will detail the transaction and provide information on any fees incurred.

                                  • Can you Take Money off the Cash App without a Card?

                                    You can withdraw money from Cash App without a physical debit card. Cash App provides several withdrawal options, including:

                                    • Bank Transfer: You can transfer funds from your Cash App account directly to your linked bank account. This process typically takes 1-3 business days to complete.

                                    • ATM Withdrawal: Cash App offers a Cash Card, a customizable debit card linked to your Cash App balance. With the Cash Card, you can withdraw cash from ATMs that accept Visa. However, this option requires you to have the physical Cash Card.

                                    • Cash-Out to Retail Stores: Some retail stores and convenience stores allow you to cash out your Cash App balance at the register. Simply present your Cash App QR code or provide your mobile phone number associated with your Cash App account to the cashier, and they can process the transaction.

                                    • Bitcoin Withdrawal: If you have a Bitcoin balance in your Cash App account, you can withdraw it to an external Bitcoin wallet or exchange.

                                    • Processing Time for a Sale or Cashout (Withdrawal)

                                      For US Customers: Sell orders or cashing out USD to a US bank account typically takes 1-5 business days for the money to arrive, depending on the method chosen. The expected delivery date is displayed on the Trade Confirmation page before submitting your order, and you can track the arrival of funds on your History page. Residents in states supporting the Coinbase USD balance will experience instant sales into their USD balance.

                                      For European Customers: Since your local currency is stored in your Coinbase account, all buys and sells are instant. Cashing out to your bank account via SEPA transfer generally takes 1-2 business days, while cashing out by wire should be completed within one business day.

                                      For Canadian Customers: CAD deposited via Interac e-Transfer is stored within your Coinbase account, facilitating instant buys and sells. Cashing out CAD to your bank account via Interac e-transfer takes up to 5 minutes, or longer if the network is congested.

                                      For Australian Customers: Cryptocurrency can be sold instantly to a linked bank account.

                                      For Singaporean Customers: Cryptocurrency can be sold instantly to a supported credit or debit card.

                                      When using PayPal: Customers in the US, Europe, UK, and CA can withdraw or sell cryptocurrency instantly using PayPal.

                                       PayPal
                                      Customer Location Selling/Cashing Out Method Processing Time
                                      US ACH or SEPA 1-5 business days (USD), instant (USD balance)
                                      Europe ACH or SEPA Instant (local currency), 1-2 business days (SEPA)
                                      Canada Interac e-Transfer Instant (CAD), up to 5 minutes (e-transfer)
                                      Australia Bank account Instant
                                      Singapore Credit or debit card Instant
                                      US, Europe, UK, CA PayPal Instant

                                      USD Withdrawals

                                      USD Fedwire Withdrawals

                                      Before initiating withdrawals, it's essential to verify your bank account on Coinbase Exchange. Verified accounts are listed in your banking tab.

                                      To verify your account, complete a successful Fedwire deposit to your Coinbase account. No bank credentials are required on Coinbase for verification.

                                      For detailed instructions on Fedwire deposits and bank account verification, refer to the Related Articles section below.

                                      To withdraw using Fedwire:

                                      • Navigate to Portfolio in the top right corner.

                                      • Select Withdraw > USD > Wire Transfer from the right-hand side.

                                      • Choose the receiving bank account under “To.”

                                      • Enter the desired withdrawal amount.

                                      • Confirm the amount and select Withdraw USD.

                                      • Fees: A $25 withdrawal fee applies for Fedwire transactions.

                                        Timing: Withdrawals typically take 1-3 business days to process. If you encounter any issues or if funds aren't received after 3 business days, contact Coinbase support for assistance.

                                        USD CBIT Withdrawals

                                        To utilize Customers Bank Instant Token (CBIT) for withdrawals, you need to establish a connection between your CBIT account and Coinbase Exchange.

                                        For assistance with enabling this payment method, please refer to the Related Articles on Customers Bank Instant Token (CBIT).

                                        Withdrawing using CBIT:

                                        • Sign in to Coinbase Exchange.

                                        • Select Withdraw > USD > CBIT.

                                        • Confirm the receiving bank account under “To.”

                                        • Enter the withdrawal amount.

                                        • Confirm the amount and select “Withdraw USD.”

                                        • Fees: Coinbase does not charge any fees for withdrawals via CBIT.

                                          Timing: Deposits should reflect in your account immediately upon withdrawal.

                                          Limits: CBIT withdrawals are capped at a maximum of $50 million USD per user within a rolling 24-hour window.

                                          Note: There are no withdrawal limits for wire transfers during normal banking hours.

                                          USD ACH Withdrawals

                                          To verify your bank account for ACH withdrawals, follow these steps:

                                          • Log in to your Coinbase account and navigate to the trading view.

                                          • Under the Wallet Balance section on the left-hand column, click on Withdraw.

                                          • In the Currency Type field, select USD.

                                          • Choose the ACH Bank Transfer tab.

                                          • From the drop-down menu, select the verified bank account you wish to withdraw to.

                                          • Enter the desired USD amount (you can select MAX to withdraw all your USD).

                                          • Confirm your withdrawal by clicking on Withdraw USD.

                                          • There are no fees charged by Coinbase for ACH withdrawals. However, please note that the ACH bank transfer process typically takes 3-5 business days to complete, which may extend to 7-10 calendar days considering weekends and holidays.

                                            Method Availability Processing Time Fees
                                            ACH Bank Transfer US clients only 3-5 business days No fee
                                            Wire Transfer Available worldwide 1-3 business days Variable fee depending on bank
                                            PayPal US, Europe, UK, CA only Instant Variable fee depending on amount

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