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How to Cash Out Bitcoin on Coinbase Wallet?
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2 answers
1. Log in to your Coinbase account and navigate to the "Accounts" tab.
2. Select the Bitcoin wallet you want to cash out from.
3. Click on the "Send" button.
4. Enter the amount of Bitcoin you want to cash out and the recipient's wallet address.
5. Review the transaction details and click "Send".
6. Confirm the transaction with your two-factor authentication method.
7. Once the transaction is confirmed, the Bitcoin will be sent to the recipient's wallet address.
8. You can then withdraw the cash from the recipient's wallet address using a bank transfer or other payment method.
It's important to note that there may be fees associated with cashing out Bitcoin on Coinbase, so be sure to check the fee schedule before proceeding with the transaction.
- Go to the Coinbase website or mobile app and sign in to your account.
Step 2: Navigate to the "Withdraw" Page
- From the Coinbase dashboard, click on the "Withdraw" button.
Step 3: Choose Your Withdrawal Method
- Select the withdrawal method you want to use. Supported methods include:
- Bank account
- PayPal
- Third-party crypto wallet
Step 4: Enter the Withdrawal Amount
- Specify the amount of Bitcoin you want to cash out.
Step 5: Add Payment Details
- Depending on the withdrawal method you chose, you will need to provide payment details such as your bank account number or PayPal address.
Step 6: Confirm Your Withdrawal
- Review the withdrawal details carefully and click on the "Withdraw" button to initiate the transaction.
Step 7: Wait for Processing
- Coinbase will process your withdrawal request. The processing time varies depending on the withdrawal method you chose.
Step 8: Receive Your Funds
- Once the withdrawal is processed, the funds will be transferred to your chosen payment method. The arrival time may vary.
Additional Notes:
- You may need to verify your identity by providing additional information if you are cashing out large amounts for the first time.
- Coinbase charges a transaction fee for withdrawals. The fee amount varies depending on the withdrawal method and the amount being withdrawn.
- It is recommended to cash out to a payment method that is linked to your Coinbase account to avoid additional fees.
- If you are having trouble cashing out Bitcoin on Coinbase, contact Coinbase support for assistance.
