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:
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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