How to Withdraw Money from Coinbase & Coinbase Pro

Do you want to withdraw money from Coinbase but aren’t sure how to go about it? The process is easy. To cash out your funds, you must add a payment method like a bank account, complete the verification procedure, and sell your crypto holdings. You can withdraw money from Coinbase using both the mobile app and the web interface. If you face any issues, call customer service. This post will break down the steps involved in cashing out your money from Coinbase.

How to Withdraw Money from Coinbase?

Link your bank account to your Coinbase account and sell all your cryptocurrency to withdraw a fiat currency. You can then withdraw the amount you want from Coinbase. Let us explain this process in further detail.

• Log into your Coinbase account.
• Navigate to the Profile & Settings option by tapping on the three-line icon.
• Select Add a payment method.’ Then choose US Bank Account.
• Enter your bank details.
• Complete the verification process, which may take 1-2 business days.
• You will need to send a small deposit to verify your account.
• Now, sell your crypto to withdraw money from Coinbase. Select Sell.
• Choose the crypto you want to sell and its amount.
• Update the To destination.
• Choose Review order followed by Sell now.
• Once the transaction is done, the funds will go into your cash balance.
• To cash out the funds, select My assets.
• Choose Cash followed by Withdraw cash.
• Enter the amount.
• Now, choose the destination under Transfer to.
• Select Preview, followed by Withdraw cash now.

How to Withdraw Money from Coinbase Instantly?

Customers in the US, UK, or EU can use MasterCard Send or Visa Fast Funds to cash out instantly. Customers in Europe and Singapore have the option to sell cryptocurrency straight to a Visa Fast Funds-enabled card. Get in touch with your card issuer to learn more about Visa Fast Funds and MasterCard Send.

• Sell your crypto first to have an eligible cash balance.
• Now, choose Cash out.
• Select your card.
• Coinbase allows unlimited instant card cashouts. But your card providers may have limits. Check with them to get more information.

How to Withdraw Money from Coinbase Pro?

You should first transfer money to the Coinbase.com account from Coinbase Pro to cash out successfully. Here are the steps to follow:

• Go to the Portfolios page on Coinbase Pro.
• Click Withdraw.
• Select the asset you want to transfer in the dialogue box
• Choose to transfer to the Coinbase.com option.
• Enter the amount you want to send.
• Enter the other details
• Click Withdraw.
• Now you can transfer money to your bank account or PayPal from Coinbase.com.

What to Do If You Cannot Withdraw Money from Coinbase?

Unverified users or those who have exceeded their withdrawal limits face issues in withdrawing money from Coinbase. Also, if you have recently added funds or purchased crypto, those funds may be on hold for a certain period due to security measures. Here are the possible causes you need to check:

• Check whether you have withdrawn up to $100,000 in a single day for USD transactions. If yes, you cannot withdraw more money.
• Verified users typically have a higher cash-out limit. If you are an unverified user, you will face stricter constraints.
• Allow the hold period to expire if you have recently purchased crypto.
• Contact Coinbase support if you think there is an account restriction or a technical problem.

Conclusion

Now you can easily withdraw money from Coinbase. Use the above steps and review the payment details carefully. If you face an issue, feel free to connect with trusted Coinbase customer support.4

Frequently Asked Questions