how to cash out usdc on coinbase

To cash out USDC on Coinbase, log in, select the USDC wallet, choose a withdrawal method, enter the amount, preview the details, verify your identity, and finalize the withdrawal.

Oct 25, 2024 at 02:10 pm

How to Cash Out USDC on Coinbase

Step 1: Log in to Your Coinbase Account

Visit the Coinbase website or download the mobile app. Log in to your account using your username and password.

Step 2: Select the USDC Wallet

From the "Portfolio" tab, locate the USDC wallet. Click on the "Withdraw" button under the USDC balance.

Step 3: Choose Your Withdrawal Method

Coinbase offers two withdrawal options for USDC:

• Bank Account: To withdraw to your bank account, select the "Bank Account" option and enter the relevant details (account number, IBAN, and BIC).
• PayPal: To withdraw to your PayPal account, select the "PayPal" option and log in to your PayPal account.

Step 4: Enter the Withdrawal Amount

Enter the amount of USDC you wish to withdraw in the designated field. Double-check the amount to ensure accuracy.

Step 5: Preview and Confirm the Transaction

Review the withdrawal details carefully, including the recipient, amount, and withdrawal method. If everything is correct, click "Preview Withdrawal."

Step 6: Complete Security Verification

You may be required to complete additional security verification, such as a SMS verification code or Google Authenticator approval.

Step 7: Finalize the Withdrawal

After passing security verification, click "Withdraw Now" to complete the transaction.

Processing Time:

• Bank Account: Withdrawal times vary depending on your bank, but generally take 3-5 business days.
• PayPal: Withdrawals to PayPal are typically processed and cleared within 30 minutes.

Fees:

Coinbase charges a withdrawal fee for USDC cash outs. The fee is typically a percentage of the withdrawal amount, plus a fixed fee for covering network costs.

Note:

• Ensure you have sufficient USDC balance to cover the withdrawal amount and fees.
• Monitor your withdrawal transaction status by visiting the "Transactions" tab in your Coinbase account.
• In case of any issues or delays, contact Coinbase Support for assistance.