Wondering how to cash out on Coinbase? The process is fairly straightforward, but you’ll need a verified account. Here’s how to withdraw from Coinbase both on desktop and mobile.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
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 (desktop app):
On the Coinbase mobile app:
Depending on the method you use to withdraw, you may need to pay a withdrawal fee, especially if you select the “Instant cash out” option.
On the Coinbase wallet:
The Coinbase wallet is a standalone non-custodial hot wallet that works separately from your Coinbase exchange account. As such, the steps for cashing out on the wallet are different to cashing out on desktop or mobile. Here’s how to withdraw money from Coinbase wallet.
To withdraw from Coinbase wallet to a bank account, you’ll need to transfer your crypto to an exchange, convert it to fiat currency and transfer it to a bank account linked to your exchange account.
It depends on the withdrawal method you choose. If you select Instant cash out 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 across all currencies on Coinbase.
Before submitting the withdrawal, make sure you’ve checked that the withdrawal address is correct and that it supports transactions from the selected network.
Crypto withdrawal times vary based on the crypto you’re looking to withdraw and the network you used to process the transaction.
Like most exchanges, you’ll generally need to pay a fee when withdrawing crypto. The Coinbase withdrawal fee varies depending on which coin you want to withdraw and the network you use for the withdrawal.
Coinbase calculates this fee based on an estimation of the network fees at the time of the withdrawal. You will be shown the Coinbase withdrawal fee amount before you’re 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.
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.
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.
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