To withdraw money from Coinbase to your bank account, you need to sell a cryptocurrency.
After selling the cryptocurrency, you can withdraw your funds using a payment method that you have added.
If you haven’t added a payment method yet, you need to add one.
There are several payment methods you can use, including PayPal, bank account, and debit/credit card.
You can link your PayPal account to instantly withdraw cash from Coinbase to PayPal.
Similarly, you can add a bank account that can make and accept SEPA payments.
If you live in Europe, there will be a “Bank account in euros” option.
You can add a payment method by going to your settings.
Then, go to “Payment Method” to add a new payment method.
Get $10 USD in Bitcoin for free on Coinbase here: https://www.coinbase.com/join/lim_di1
Table of Contents:
1. Open the Coinbase app and tap the icon on the back
To begin with, you need to open the Coinbase app.
You can also use the desktop version of Coinbase for this.
For the purposes of this guide, we will use the Coinbase app instead.
Once you’re on the Coinbase app, tap on the reverse icon in the bottom navigation bar.
If you are using the desktop version of Coinbase, click the “Buy/Sell” button.
2. Tap “Sell”
After tapping on the reverse icon, you will see a list of options.
This includes “Buy”, “Sell”, “Convert” and more.
Before you can cash out (withdraw money from Coinbase), you need to sell a cryptocurrency.
If you already have a fiat currency in your Coinbase wallet, you need to tap on the currency you want to withdraw.
You can do this by navigating to the “Activity” page and tapping on the currency you wish to withdraw (e.g. EUR).
Then, enter the amount you want to withdraw, select the destination of the transfer (such as bank account) and withdraw it.
If you don’t have fiat currency in your Coinbase wallet, tap “Sell”.
3. Select the asset you want to sell
After tapping “Sell”, you will land on the “Select assets to sell” page.
On the page, you’ll see a list of resources you own.
Now you need to select the asset you want to sell.
For example, if you want to sell Bitcoin, select “Bitcoin”.
On the other hand, if you want to sell Ethereum, select “Ethereum”.
4. Enter the amount of cryptocurrency you want to sell
After selecting the asset you want to sell (e.g. Bitcoin), you will land on the sell page.
On the page, you need to enter the amount of cryptocurrency you want to sell.
For example, if you want to sell Bitcoin, you need to enter the amount of Bitcoin you want to sell (in cash).
After entering the amount of cryptocurrency you want to sell (e.g. $8), tap on “Preview Sell”.
5. Tap “Sell Now”
After tapping “Sale Preview”, you will see a preview of the order.
This includes the current price of the cryptocurrency you are selling and the selling price.
It also includes the commission and the total money you will get from the sale.
Make sure everything goes well before you sell.
After verifying that everything is fine, tap on “Sell Now” to sell the cryptocurrency.
6. Tap “Withdraw Funds”
After tapping on “Sell Now”, you will land on the “Sold Successfully” page.
On the page, you will see the total amount of cryptocurrency you have sold.
At the bottom of the page, you will see a couple of buttons.
This includes “Show details” and “Withdraw funds”.
Now you can immediately cash out your funds to a bank account.
To do this, tap on “Withdraw Funds” to cash out.
7. Enter the amount you want to cash out and select the destination
After tapping on “Withdraw Funds”, you will land on the “Cash out” page.
On the page, you need to select the transfer destination.
If you haven’t added a transfer destination, you need to add it.
You can add PayPal or your bank account.
You can add your bank account to Coinbase by going to > payment methods settings > add a payment method > US/Euro bank account.
Next, enter your bank name, IBAN, BIC and tap “Verify Your Account”.
So, you may be required to send a small amount of money to Coinbase to verify your bank account.
It can take 1 to 2 business days to verify your bank account after sending the funds.
If you’re lost, you can watch this YouTube video to learn more about how to link your bank account to Coinbase: https://www.youtube.com/watch?v=zEd_7SAlLCw.
If you have already added your bank account to Coinbase, select your bank account as the transfer destination.
Finally, tap on “Cashout Preview” to preview the withdrawal.
8. Tap “Cash Out Now”
After tapping “Cashout Preview”, you will land on the “Confirm Cashout” page.
On the page, you will see the withdrawal details.
This includes where you’re sending the funds, when your funds will arrive, the collection amount, and more.
Be sure to check that all the details are fine.
Tap “Cash Out Now” to withdraw your money from Coinbase to your bank account.
9. Your money is on the way
After tapping “Cash out now”, you will land on the “Your money is on the way” page.
On the page, you will see the amount of money you will receive.
The withdrawal process typically takes 1 to 2 business days to complete if you are withdrawing to your bank account.
Coinbase will notify you when the collection is complete.
You have successfully learned how to withdraw money from Coinbase to your bank account!
Conclusion
In most cases, withdrawing money from Coinbase to your bank account will take 1 to 2 business days.
If you have problems withdrawing your funds, you can contact Coinbase support here: https://help.coinbase.com/en.
Once you are on the page, scroll down until you find the “Contact Us” button.
Tap the “Contact Us” button to go to the contact page.
On the contact page, select “Coinbase” and select the categories you need help with.
Finally, enter your email address, the subject of the message, the message and send it.
