It's fairly straightforward to withdraw cash or cryptocurrency from the Coinbase exchange, but you'll need to have verified your account in order to do so.
How to withdraw cash from Coinbase
You can withdraw currency directly to your bank account from either the Coinbase app or website.
Please note you'll first need to convert your funds into your local currency before submitting a withdrawal.
On the Coinbase website:
Log in to your Coinbase account
Click "My Assets"
Choose your currency
Click "Cash out" and enter the amount you want to withdraw
Click "Transfer to" and select the account you want to withdraw to
Click "Review" and check the details are correct
Click "Withdraw cash" to submit the withdrawal
On the Coinbase app:
Tap "My assets" and select "Cash out"
Enter the amount you want to withdraw
Tap "Cash out from" to select which balance to withdraw from
Tap "Deposit to" to choose where to withdraw the money
Tap "Preview cash out" and check the details are correct
Tap "Cash out now" to submit the withdrawal
Depending on the method you use to withdraw, you may need to pay a withdrawal fee, especially if you select the "Instant withdrawal" option.
How long does it take to withdraw currency from Coinbase?
This will depend on which withdrawal method you choose. If you select "Instant withdrawal" or withdraw via debit then your funds should be transferred immediately.
If not, you may need to wait a few business days for the funds to arrive in your bank account.
There is a default daily withdrawal limit of $100,000 (or your local currency) across all currencies on Coinbase.
How to withdraw crypto from Coinbase
Log in to your Coinbase account and then click "Trading"
Select "Withdraw" from "Wallet Ballance"
Find and select the crypto you want to withdraw
Select your withdrawal method
Add the withdrawal address in the "To" field and select the network you wish to use, if applicable
Enter the amount you want to withdraw
Review the transaction and then click "Withdraw" to confirm the transaction
If you have 2FA enabled, you may need to complete the verification before you can submit the withdrawal
Please make sure you have checked you have the correct withdrawal address, and confirmed that it supports transactions from the selected network, before submitting the withdrawal.
How long does it take to withdraw crypto from Coinbase?
Crypto withdrawal times will vary based on which crypto you're looking to withdraw, and the network you used to process the transaction.
How much does it cost to withdraw crypto from Coinbase?
Like most exchanges, you'll generally need to pay a fee when withdrawing crypto from Coinbase. This fee will vary depending on which coin you want to withdraw, and the network you use for the withdrawal.
Coinbase will calculate this fee based on an estimation of the network fees at the time of the withdrawal. You will be shown the withdrawal fee amount before you are asked to confirm the transaction.
It may be possible to reduce your withdrawal fees by using a different network, such as the Bitcoin Lightning Network.
All USDC withdrawals are free on Coinbase, but you'll need to have converted your crypto to USDC first.
Where can I withdraw my crypto to?
You should be able to withdraw your crypto to any valid wallet address, including:
Another crypto exchange. Some exchanges even offer bonuses when you deposit crypto or open an account.
Please make sure that the wallet address you're sending your crypto to supports the coin and network you're trying to send. If not, you may lose your funds.
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Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Tom Stelzer is a publisher and writer for Finder, covering investing and cryptocurrency.
He previously worked for Finder as a writer in Australia and the UK, covering things like personal finance, loans, investing, insurance as well as small business and business loans.
He has a Master of Media Arts and Production and Bachelor of Communications in Journalism from the University of Technology Sydney. See full bio
In this guide we take a look at some of the greenest cryptocurrencies and alternatives to Bitcoin, and explain how they work and where you can buy them.
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