Tushar Sharma
How to Cash Out from Coinbase: A Complete Guide
Coinbase is one of the most popular cryptocurrency exchanges, allowing users to buy, sell, and manage their digital assets. However, many users often ask, "How do I cash out from Coinbase?" Whether you are looking to withdraw fiat currency to your bank account or transfer your crypto to another platform, this guide will walk you through the step-by-step process of cashing out from Coinbase.
How to Withdraw Money from Coinbase
If you have funds in your Coinbase account and want to withdraw them, follow these steps:
Step 1: Log in to Your Coinbase AccountGo to the Coinbase website or open the mobile app and sign in using your credentials.
Step 2: Navigate to Your PortfolioClick on “Assets” or “Portfolio” to view the cryptocurrencies and fiat balances available in your account.
Step 3: Convert Crypto to Fiat (If Needed)
If you have cryptocurrency and need to withdraw in fiat currency (USD, EUR, GBP, etc.), you will need to sell your crypto first:• Click on the “Trade” button.• Select the cryptocurrency you want to sell.• Choose “Sell” and select the fiat currency you wish to receive.• Confirm the transaction.
Step 4: Withdraw Fiat to Your Bank Account• Click “Cash Out” or “Withdraw” next to your fiat balance.• Select the bank account or payment method you wish to withdraw to.• Enter the withdrawal amount.• Confirm the transaction.• Coinbase will process the withdrawal, and you will receive funds within the specified timeframe.
How to Cash Out Crypto from Coinbase
If you prefer to transfer your cryptocurrency instead of converting it to fiat, you can send your crypto to another wallet or exchange:Step 1: Select the Cryptocurrency to Transfer• Go to your Portfolio and choose the crypto you want to transfer.
Step 2: Click on “Send”• Enter the recipient's wallet address (ensure it matches the correct blockchain network).• Input the amount of crypto you want to send.
Step 3: Confirm and Send• Review the transaction details.• Click “Send Now” and complete any necessary security verification.• Your funds will be transferred to the new wallet.
How Long Does Coinbase Take to Cash Out?
The cash-out time depends on the withdrawal method used:• Bank transfers (ACH): 1-5 business days• Wire transfers: 1-2 business days• PayPal withdrawals: Instant (in most cases)• Debit card withdrawals: Instant (with higher fees)• Crypto transfers: Varies based on network congestion
How Much Does Coinbase Charge to Cash Out?
Coinbase charges different withdrawal fees based on the payment method:• ACH transfers: Free• Wire transfers: $10 - $25• Debit card withdrawals: 2% - 3.99%• Crypto transfers: Network fee (varies by blockchain)You can check the exact fee before confirming your withdrawal money on the Coinbase platform.
How to Cash Out from Coinbase Wallet
Coinbase Wallet is a separate app for storing crypto, and funds need to be transferred to Coinbase before cashing out.
Step 1: Transfer Crypto to Your Coinbase Account• Open Coinbase Wallet.• Select the cryptocurrency you want to transfer.• Click “Send” and enter your Coinbase wallet address.• Confirm the transaction.
Step 2: Follow the Regular Cash-Out ProcessOnce the funds arrive in Coinbase, follow the steps outlined earlier to withdraw to your bank account.
How to Transfer Money from Coinbase to a Bank Account
To withdraw fiat from Coinbase:1. Go to “Assets”.2. Select your fiat currency balance.3. Click “Withdraw”.4. Choose your bank account.5. Enter the amount and confirm the withdrawal.
How to Transfer Crypto from Robinhood to Coinbase
Robinhood now allows crypto transfers, and you can send your assets to Coinbase:1. Open Robinhood and navigate to Crypto.2. Select the cryptocurrency you want to transfer.3. Click “Send” and enter your Coinbase wallet address.4. Confirm the transaction.5. Your crypto will arrive in Coinbase after network confirmation.
How to Transfer from Coinbase to Robinhood
To transfer crypto from Coinbase to Robinhood, follow these steps:1. Open Coinbase and select the cryptocurrency.2. Click “Send” and enter your Robinhood wallet address.3. Confirm and complete the transaction.4. Wait for the transfer to complete.
How to Transfer Money from Coinbase to Coinbase Wallet
1. Open Coinbase and select the crypto you want to transfer.2. Click “Send” and enter your Coinbase Wallet address.3. Confirm the transaction.4. Your funds will appear in Coinbase Wallet after confirmation.
Frequently Asked Questions (FAQs)1. How Can I Get My Money Out of Coinbase Instantly?Use PayPal or a debit card for instant withdrawals (fees may apply).2. How Do You Wire Money to Coinbase?Go to Coinbase Deposit Methods, select Wire Transfer, and follow the instructions provided.3. Can I Cash Out Without a Bank Account?Yes, you can withdraw using PayPal or transfer crypto to another wallet.4. Is There a Daily Limit on Cashing Out?Yes, limits vary based on account verification status. Verified users can withdraw higher amounts.5. What Happens If My Cash Out Fails?Check your bank details, ensure your account is verified, and contact Coinbase Support if needed.
2 answers
1. Log in to your Coinbase account: Visit the Coinbase website and log in to your account using your username and password.
2. Navigate to the "Accounts" tab: Once you are logged in, click on the "Accounts" tab at the top of the page. This will show you a list of all the cryptocurrencies and fiat currencies you have in your Coinbase account.
3. Select the cryptocurrency you want to cash out: Choose the cryptocurrency you want to cash out from the list of options available in your account.
4. Click on the "Sell" button: Once you have selected the cryptocurrency you want to cash out, click on the "Sell" button next to it.
5. Enter the amount you want to sell: Enter the amount of cryptocurrency you want to sell in the designated field. You can choose to sell all of your holdings or just a portion of them.
6. Choose your payment method: Select the payment method you want to use to cash out your cryptocurrency. You can choose to withdraw the funds to your bank account, PayPal account, or any other supported payment method.
7. Confirm the transaction: Review the details of your transaction, including the amount you are selling and the payment method you have selected. Once you are satisfied, click on the "Confirm Sell" button to complete the transaction.
8. Receive your funds: Once the transaction is complete, the funds will be transferred to your chosen payment method. Depending on the payment method you have selected, it may take a few days for the funds to reach your account.
And that's it! You have successfully cashed out from Coinbase. Remember to always double-check the details of your transaction before confirming to ensure a smooth and secure cash-out process.
Step 1: Verify Your Identity
- Ensure you have completed all required identity verification steps on Coinbase.
Step 2: Choose a Withdrawal Method
- Coinbase offers multiple withdrawal options:
- Bank transfer (USD/GBP/EUR)
- PayPal (USD/GBP only)
- Transfer to other cryptocurrency wallets
Step 3: Initiate a Withdrawal
- Bank Transfer:
- Select "Cash Out" from the Coinbase dashboard.
- Enter the amount you want to withdraw.
- Choose the bank account you want to send the funds to.
- Review and confirm the withdrawal details.
- PayPal:
- Select "Cash Out" and choose PayPal.
- Enter the amount you want to withdraw.
- Log in to your PayPal account to complete the withdrawal.
- Cryptocurrency Transfer:
- Select "Send" from the Coinbase dashboard.
- Choose the cryptocurrency you want to send.
- Enter the recipient's wallet address and the amount you want to transfer.
- Review and confirm the withdrawal details.
Step 4: Withdrawal Processing Time
- Bank transfers typically take 1-3 business days to complete.
- PayPal withdrawals are instant.
- Cryptocurrency transfers vary depending on the network congestion.
Step 5: Withdrawal Fees
- Coinbase charges a fee for each withdrawal:
- Bank transfer: Varies depending on the amount and destination bank (typically $25 or less)
- PayPal: $0.50 per withdrawal
- Cryptocurrency transfer: Dependent on network fees
Step 6: Security Measures
- Always double-check the withdrawal details before confirming.
- Use two-factor authentication to protect your account.
- Monitor your account for suspicious activity.
Additional Notes:
- Withdrawal limits vary depending on your account level and verification status.
- If you encounter any issues with your withdrawal, contact Coinbase support.
