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Wednesday, December 29, 2021

How do I withdraw money from the Coinbase app?

money from the Coinbase app
To transfer money from Coinbase to your linked debit card, bank account,
or PayPal account, you must first sell cryptocurrency to your USD wallet. After this, you can cash out the funds.

Note that there is no limit to the number of cryptocurrencies you can sell for cash.

1. Sell cryptocurrency for cash

1. Click Buy / Sell on a web browser or tap the icon at the bottom of the Coinbase mobile app.

2. Select Sell.

3. Select the cryptocurrency you want to sell and enter the amount.

4. Select Sale Preview - Sell Now to complete this action.

Once completed, your money will be available in your local currency wallet (e.g. USD Wallet).

Note that you can immediately cash out your funds by tapping Withdraw Funds in the Coinbase mobile app or Withdraw Funds from a web browser.

2. Collect your funds

From the Coinbase mobile app:

1. Tap Collect

2. Enter the amount you want to cash out and choose the transfer destination, then tap Withdrawal Preview.

3. Tap Collect Now to complete this action.

When you cash out a sale from your cash balance to your bank account, a short holding period will be entered before you can cash out the funds from the sale. Despite the suspension period, you can still sell an unlimited amount of your cryptocurrency at the market price you want.

From a web browser:

 

1. From a web browser, select your cash balance under Activities.

 

2. On the Collect tab, enter the amount you want to cash out and then click Continue.

3. Choose your pickup destination and click Continue.

4. Click Collect Now to complete the transfer.

Can I withdraw from my EUR wallet to my UK verified bank account?

Currently, we do not support direct withdrawals from your Coinbase EUR wallet to your UK verified bank account. If you would like to withdraw from your EUR wallet via SEPA transfer or other payment methods, please follow below.

Note: Coinbase does not currently accept physical checks or bill payments as a payment method for purchasing cryptocurrency or for depositing funds into a users' fiat wallet. Checks will be returned to the sender upon receipt by post, provided a mailing address is present. And as a reminder, Coinbase customers can only have one personal Coinbase account.

Alternatively, if you want to convert your funds from EUR to GBP and withdraw, follow these steps:

Buy cryptocurrency using all the funds in your Coinbase EUR wallet

Sell ​​cryptocurrency to your GBP wallet

Withdraw GBP from your Coinbase wallet to your UK bank account via a faster payment transfer

Selling or Cashing Out Using the ACH or SEPA Banking Process:

US Customers

When you place a sell order or take out USD to a US bank account, the money usually arrives within 1-5 business days (depending on the withdrawal method). The delivery date will be shown on the transaction confirmation page before sending the order. You can see when the funds should arrive on your History page. If you are a resident of one of the states that support Coinbase USD Wallet, sales in your USD Wallet will happen instantly.

European customers

Since your local currency is stored in your Coinbase account, all purchases and sales happen instantly. Withdrawal to your bank account via SEPA transfer generally takes 1-2 business days. Withdrawal by wire transfer should be completed within one business day.

UK customers

Since your local currency is stored in your Coinbase account, all purchases and sales happen instantly. Withdrawal to your bank account via GBP bank transfer is usually completed within one business day.

Canadian Customers

You can sell cryptocurrency instantly by using PayPal to move funds from Coinbase.

Australian customers

Coinbase does not currently support the sale of cryptocurrency in Australia.

Sell ​​or Withdraw via PayPal:

Customers in the US, Europe, UK, and Canada will be able to withdraw or sell cryptocurrency instantly using PayPal. To see which regional transactions are allowed and payment limits.

 

 


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