coinbase how to withdraw uk

To withdraw funds from Coinbase in the UK, select the "Withdraw" option, choose a withdrawal method, enter details, review the amount, verify the transaction, and monitor its status.

Nov 11, 2024 at 10:52 pm

How to Withdraw Funds from Coinbase (UK)

Step 1: Log In to Your Coinbase Account

• Visit Coinbase.com and sign in to your account using your email address and password.

Step 2: Select the 'Withdraw' Option

• Click on the 'Home' tab and select the 'Withdraw' option from the menu on the left-hand side.

Step 3: Choose a Withdrawal Method

• Coinbase offers three withdrawal methods for UK users:

  • Bank transfer (free)
  • PayPal (fees apply)
  • Crypto wallet (fees apply)

Step 4: Enter Withdrawal Details

• Depending on the withdrawal method you choose, you will need to provide the following details:

  • Bank transfer: Bank account number and sort code
  • PayPal: PayPal email address
  • Crypto wallet: Crypto wallet address and network

Step 5: Set the Amount

• Enter the amount you wish to withdraw. You can choose from your available balance in the specified currency.

Step 6: Review and Confirm

• Carefully review all the details of your withdrawal, including the amount, destination, and fees (if any).
• If everything is correct, click on the 'Withdraw' button.

Step 7: Verify Your Transaction

• Coinbase may send you a verification code via email or SMS to confirm the withdrawal. Enter this code to complete the transaction.

Step 8: Monitor Your Withdrawal

• You can track the status of your withdrawal in the 'Transactions' section of your Coinbase account. Depending on the withdrawal method, it may take a few hours or days for the funds to arrive.

Additional Notes:

• Coinbase imposes daily and weekly withdrawal limits based on your account status.
• Fees for withdrawals using PayPal and crypto wallets vary depending on the asset and network used.
• Always double-check the destination address before initiating a withdrawal, as mistakes can result in permanent loss of funds.