Updated on March 16, 2022
Over the last few years, Coinbase has attracted millions of users, making it one of the most secondhand platforms in the worldly concern for buying, trading, and cashing out crypto. If you ’ ve just gotten started with Coinbase, you may have noticed that there ’ s a sting of a eruditeness bend, particularly when it comes to how you withdraw money from your Coinbase explanation. But don ’ thymine worry – we ’ re here to help. Read on to learn how to easily cash out of your Coinbase account !
What is Coinbase?
Coinbase was founded in 2012 as a space to send and receive Bitcoin. Since then, the caller has grown to support dozens of alone cryptocurrencies and has users in more than 100 countries. Coinbase runs two separate trading platforms ( Coinbase and Coinbase Pro ) in addition to a standalone cryptocurrency wallet service ( Coinbase Wallet ) .
How to Withdraw Funds from Coinbase
Coinbase serves millions of people all over the world. It offers multiple services, such as trade, sell, buy, store, and stacking crypto, careless of whether you are an institutional or a retail investor .
The Coinbase user interface for the web and mobile platforms is, broadly, intuitive. They can, however, get a small slippery when it comes to withdrawing funds from your Coinbase history. In arrange to withdraw funds from Coinbase, you will have to go through the follow steps :
- Crypto to Fiat Conversion
- Withdraw Your Fiat Balance
At foremost glance, these steps might seem complicated, but they ’ re, truly, very childlike. Read on to learn more about each of these tone
Crypto to Fiat Conversion
The beginning thing you have to do is to convert your crypto to fiat. In holy order to do this, you must convert your crypto into decree currencies like EUR or USD. To do this you must :
- Log in to your Coinbase account
- Click the “Trade” button on the navigation bar; or
- Click the “Buy/Sell” at the top-right of your screen
- Input the amount that you want to trade for fiat in the dialogue box
- Go to the “Sell” tab at the top of the screen
- Input how much of your crypto you want to convert
- Pick the crypto asset whose balance you want to convert
- Choose the fiat currency you wish to withdraw in
Click on “ Preview Sell ” after performing these steps and confirm the transaction details. You will then get a window with the ratification on your screen, which will not only show you how a lot your decree wallet will receive but besides how much you are charged in fees .
Withdraw Your Fiat Balance
now that you ’ ve converted your crypto into one of the decree currencies, you can bring the work of withdrawing your funds from Coinbase. To cash out of Coinbase, you need to :
- Navigate to the “Portfolio” page
- Scroll down to the “Your assets” section
- Find the fiat balance you converted and select it
- Return to the “Your assets” page
- Click on the “Withdraw” tab
- Input in the withdrawal amount
- Click on “Withdraw all”
- Click on the “Withdraw” button to confirm the withdrawal
- Choose the preferred payment option
- Click “Continue”
- Confirm or edit your transaction details
- Click “Withdraw now”
After you click “ Withdraw nowadays ”, the transaction will process and you may be charged a fee, depending on the currentness you chose to cash out .
It ’ south significant to note, besides, that the payment options include SEPA, bank account transfers, PayPal account transfers, wire transfers, or credit or debit cards .
Be mindful that this will lone work if you have connected the chosen payment method acting ahead. To learn more about adding a requital method to your Coinbase account, read on .
How to Add a Payment Method to Coinbase
Adding a requital method to Coinbase is pretty slowly. All you have to do is :
- Click on your profile picture at the top-right of the screen
- Navigate to your “Settings” in the dropdown menu
- Go to the “Payment Methods” tab
- Click the “Link a New Account” button
After you click the “ Link a New Account ” push button, a negotiation box will pop up on your screen, showing you which requital methods are available. Pick your prefer payment method from the available options and follow the instructions given in the dialogue box .
The most common methods will include the ability to add a :
- Bank account
- PayPal account
- Credit/ Debit card
The handiness of some options may be limited by your placement. For example, a PayPal report may only be added in regions where PayPal is available. similarly, your deposit account and your credit or debit poster may have restrictions .
Please note that the payment methods available to you will depend on your location.
To finalize the addition of the payment method acting, Coinbase will require you to verify the bill and may charge a little fee. once verified, the fresh account will be included in the payment options list and you can use it to withdraw funds in the future .
How to Withdraw Crypto from Coinbase
Withdrawing crypto from Coinbase is a work that can be done in a few simple steps. here is how you do it :
- Click the “Buy/Sell” button at the top-right of the page
- Trade for or buy the crypto you want to withdraw
- Navigate to the “Send/Receive” page
- Input the amount and asset you to withdraw in the dialogue box
- Add an email address in the “Address” field (free); or
- Add a crypto address in the “Address” field (will have fees)
- Choose the asset you wish to withdraw
- Click on “Continue” and
- Confirm or edit your transaction details
- Click “Withdraw now”
After you finalize the transaction, your bow out crypto funds will reach your score sometime between a few minutes or a few days, based on the asset and network you chose .
How to Withdraw Funds from Coinbase Pro
Coinbase offers a agio alternate called Coinbase Pro. While the two versions of the crypto trade chopine disagree in a few key ways, the withdrawal process on the two platforms is very alike .
To withdraw from Coinbase Pro, you can either retire as a decree currency ( as explained above ) or send the money to an external wallet using the follow steps :
- Navigate to the “Portfolios” page
- Click on “Withdraw”
- Select which asset you wish to transfer in the dialogue box
- Choose to transfer to “Coinbase.com”
- Enter the amount you want to send
- Enter the other withdrawal details
- Click on “Withdraw”
once your funds arrive in your Coinbase.com account, follow the instructions outlined in the “ How to Withdraw Funds from Coinbase ” section above to move funds to your PayPal report, bank account, or another report.
How to Withdraw Crypto from Coinbase Pro
To withdraw cryptocurrency from Coinbase Pro, follow these steps :
- Navigate to the “Trade” page
- Click the “Withdraw” button
- Select the asset to withdraw in the dialogue box
- Choose to transfer to “Crypto Address”
- Input the crypto address to transfer the funds to
- Input the amount to be transferred
- Review the network fees and confirmations
- Click ‘Withdraw’ to complete the transaction
After you finalize the transaction, your disengage crypto funds will reach your account erstwhile between a few minutes or a few days, based on the asset and network you chose .
Coinbase Crypto Withdrawal Fees
Fees for withdrawals vary by crypto type. As of this write, these are the current Coinbase fees for crypto withdrawals by character :
|US Dollar||25.0 USD|
|USD Coin||8.015 USDC|
|Shiba Inu||184712.0 SHIB|
|Bitcoin Cash||0.00000226 BCH|
|Wrapped Bitcoin||0.0001323 WBTC|
|Internet Computer||0.0 ICP|
|Axie Infinity||0.057 AXS|
|Ethereum Classic||0.00042 ETC|
|The Graph||5.2 GRT|
|OMG Network||0.28830993 OMG|
|Enjin Coin||2.56 ENJ|
|Synthetix Network Token||0.464 SNX|
|Curve DAO Token||1.42 CRV|
|Basic Attention Token||7.59388039 BAT|
|Pound||0.0 GBP1.0 GBP|
|Paxos Standard+||4.01 USDP|
|Keep network||4.8 KEEP|
|iExec RLC||0.92 RLC|
|Kyber Network||2.43087629 KNC|
|Band Protocol||0.47 BAND|
|Origin Protocol||6.23 OGN|
|Mirror Protocol||1.4 MIR|
|Orion Protocol||0.53 ORN|
|Alchemy Pay||65.0 ACH|
|Loom Network||51.04243842 LOOM|
|Ampleforth Governance Token||0.234 FORTH|
|Harvest Finance||0.022 FARM|
|Orchid Protocol||8.21948638 OXT|
|Clover Finance||3.3 CLV|
|Rari Governance Token||0.134 RGT|
Why Can’t I Withdraw from Coinbase?
If you are unable to sell or withdraw from Coinbase, it could be due to one of a few reasons :
- There are restrictions in your region
- You are a new account holder
- You haven’t completed the verification
- You have recently made a purchase with a credit card
- Your account has been flagged for fraud
Depending on which of the above reasons you are unable to withdraw from your Coinbase account, your solution will vary .
Read More About Crypto
Withdrawing from Coinbase Next Steps
There are batch of reasons to transfer from Coinbase. possibly you need a cash run infusion. possibly you ’ re interest in diversifying your crypto portfolio. Or possibly you want to check out a Coinbase rival like Binance. Whatever your reasons, the guides above will help you reach those goals. just follow the simple steps and you ’ ll be transferring from your Coinbase explanation in no time !
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