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.
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:
On the Coinbase app:
Depending on the method you use to withdraw, you may need to pay a withdrawal fee, especially if you select the "Instant withdrawal" option.
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.
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.
Crypto withdrawal times will vary based on which 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 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.
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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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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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