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How to Cash Out from Coinbase Wallet to Bank Account
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2 answers
1. Log in to your Coinbase account on the web or mobile app.
2. Click on the "Portfolio" tab on the top of the page.
3. Select the cryptocurrency you want to cash out from your wallet.
4. Click on the "Sell" button.
5. Enter the amount of cryptocurrency you want to sell and choose the bank account you want to withdraw the funds to.
6. Review the transaction details and click on the "Sell" button to confirm the sale.
7. Once the sale is complete, the funds will be transferred to your bank account. The time it takes for the funds to appear in your bank account may vary depending on your bank's processing times.
It's important to note that there may be fees associated with cashing out from Coinbase to your bank account, so be sure to review the fees before completing the transaction.
- Open the Coinbase Wallet app on your mobile device or visit the web interface at https://wallet.coinbase.com.
Step 2: Sign In
- Enter your email address, phone number, or user ID and password to sign in to your Coinbase Wallet account.
Step 3: Select "Cash Out"
- Tap the "Cash Out" button displayed on the main dashboard of the wallet.
Step 4: Choose Bank Account
- Select the bank account you want to cash out to. If you have not added a bank account yet, tap "Add Bank Account" and follow the instructions to add one.
Step 5: Enter Amount
- Enter the amount of cryptocurrency you want to cash out. You can choose from Bitcoin, Ethereum, or Litecoin as the cryptocurrency to sell.
Step 6: Review and Confirm
- Review the details of the cash out, including the amount, fees, and estimated time of arrival. Tap "Confirm Cash Out" to proceed.
Step 7: Wait for Transaction
- Coinbase will initiate the cash out process. The funds will be sent to your bank account within 1-3 business days, depending on your bank's processing times.
Note:
- Coinbase may charge a fee for cashing out funds. The fee will vary depending on the amount and cryptocurrency being cashed out.
- It's recommended to verify your identity on Coinbase before cashing out large amounts of funds.
- If you encounter any issues during the cash out process, contact Coinbase support for assistance.
