how to convert usdc to usd on coinbase

To convert USDC to USD, log in to your Coinbase account, select your USDC wallet, click "Convert," enter the conversion amount, review the preview, confirm the transaction, and track its progress in the "Transactions" section.

Nov 02, 2024 at 05:17 pm

How to Convert USDC to USD on Coinbase

Step 1: Log In to Your Coinbase Account

Access your Coinbase account through its website or mobile app. Enter your login credentials and sign in.

Step 2: Select USDC from Your Dashboard

Once logged in, you will see a dashboard displaying your current balance and a list of your assets. Select the USDC wallet from the list.

Step 3: Click on "Convert"

On the USDC wallet page, locate and click on the "Convert" button. This will open a new conversion window.

Step 4: Enter the Conversion Amount

In the conversion window, enter the amount of USDC you want to convert to USD. You can use the provided number pad or type it in manually.

Step 5: Review the Preview

Before confirming the conversion, review the details displayed, including the amount of USD you will receive, any applicable fees, and the estimated time for the transaction to complete.

Step 6: Complete the Conversion

If the information is correct, click on the "Convert Now" button to confirm the conversion. Coinbase will process the transaction and initiate the transfer of USD to your linked bank account (if you have one set up).

Step 7: Track the Transaction

You can track the status of your conversion in the "Transactions" section of your Coinbase account. The transaction will typically complete within minutes to a couple of hours, depending on network conditions.

Additional Notes:

• Coinbase charges a small transaction fee for USDC to USD conversions. The fee varies depending on the amount converted and the payment method used.
• You must have a verified Coinbase account with your bank account linked to withdraw USD funds.
• If you do not have a linked bank account, you can cash out your USD to a supported cryptocurrency, such as Bitcoin or Ethereum, and then transfer it to another exchange or payment platform that supports USD withdrawals.
• Coinbase offers an automated recurring buy feature that allows you to convert a specified amount of USDC to USD on a regular basis (e.g., weekly, monthly). This feature can help you dollar-cost average your crypto investments over time.