How to Withdraw Money from Coinbase Wallet to Bank Account?

If you are wondering how to withdraw money from Coinbase wallet to bank account, you have to the right place. In the blog we will guide you about the process of how to withdraw money from your Coinbase account. While the process of withdrawing funds from Coinbase wallet is simple but users need to take all the steps carefully. So, let’s begin and learn more on how do you cash out Coinbase.

What Is Coinbase, And How Does It Work?

Coinbase is a platform which facilitates the buying and selling of cryptocurrencies such as Bitcoin and Ethereum. Coinbase gives users access to secure storage and management of their digital assets. It works as safe storage for so many different crypto currencies.

How to Get Money from Your Coinbase Account?

To withdraw money from your Coinbase account, you will need to follow a few simple steps. Here is how to withdraw money from Coinbase:

·         To initiate the process of withdrawing money from Coinbase account the first step is to access Coinbase Wallet web browser or log into the mobile app

·         Here select the cryptocurrency or fiat currencies you wish to withdraw.

·         Then convert it into your local currency.

·         Select the "Sell option" and convert your cryptocurrency to USD, EUR, or your preferred fiat currencies.

·         To initiate the withdrawal, click on the "Withdrawal" button. If you do not have a linked bank account, you will be asked to enter the details.

·         At last, recheck all the details before you confirm the Coinbase withdrawal.

How to Cash Out USDC on Coinbase?

USDC is a stablecoin that is pegged to the US Dollar. Its stable value makes it a popular option for cashing out. Here is how to cash out on Coinbase:

·         Open the Coinbase mobile app

·         Go to the “Portfolios” page within your Coinbase account.

·         Click on the “Withdraw” option to initiate cash out your money.

How to Withdraw Money from Coinbase Wallet to Bank Account?

Using a linked bank account is a great way to withdraw money from Coinbase wallet. However, for this you need to first sell cryptocurrency to your USD balance. After this you can easily withdraw money from Coinbase wallet to a bank account. Here is how to withdraw money from Coinbase wallet:

·         Open the Coinbase mobile app

·         Click on the Cash out tab

·         Enter the amount you would like to withdraw

·         Select the linked bank account or the withdrawal destination

·         At last, click on the Cash Out Now button to complete the transfer.

What are the Fees for Withdrawing Money from Coinbase?

The standard Coinbase withdrawal fees are divided into the different categories which are mentioned below:

·         Coinbase typically charges a small amount for bank transfers. The fee varies depending on the region and the bank.

·         When you convert the cryptocurrencies into a fiat currency, you may need to pay a fee of 0.5%.

·         Also, for the instant Coinbase withdrawals the fee is higher as compared to the standard bank transfers.

FAQ

Why use Coinbase over other exchanges?

Coinbase is easy to use and secure and supports many cryptocurrencies.

Which money app is safest for withdrawing funds?

Coinbase is safe for withdrawing funds because it secure as compared to other platforms.

Can you withdraw money from Coinbase Wallet and transfer it to a bank account?

No, you cannot directly withdraw money from Coinbase wallet and transfer it to a bank account.

How do I get money out of Coinbase?

To get money out of Coinbase, you need to link a bank account and then transfer money into it. After this you can easily withdraw money from the bank account.

Is it safe to link a bank account with Coinbase?

Yes, it is safe to link a bank account because Coinbase uses industry standard security measures and keeps your financial information safe.