how to cash out coinbase wallet

How to Cash Out Coinbase Wallet

Coinbase Wallet is a popular and user-friendly cryptocurrency wallet that allows users to store, send, and receive digital assets. If you want to cash out your cryptocurrency from Coinbase Wallet, follow these steps:

Sell Cryptocurrency on Coinbase Exchange

Step 1: Link Coinbase Exchange to Coinbase Wallet. Go to your Coinbase Wallet app and tap "More" > "Settings" > "Link Account" > "Coinbase Exchange." Enter your Coinbase Exchange credentials and follow the instructions to link the accounts.

Step 2: Sell Cryptocurrency. Go to Coinbase Exchange website, click on "Sell," select the cryptocurrency you want to sell, and enter the amount. Choose your preferred payment method and click "Sell Now" to complete the transaction.

Withdraw Cash to Bank Account

Step 3: Withdraw Funds. Once your cryptocurrency is sold, go to the "Portfolio" tab on the Coinbase Exchange website and click on the "Withdraw" button. Select "Bank Account" as the withdrawal method and enter the amount you want to withdraw.

Step 4: Confirm Withdrawal. Enter your bank account details and click "Withdraw" to initiate the transfer. Coinbase will typically process the withdrawal within 1-2 business days, but processing times may vary depending on your bank.

Alternatives to Bank Withdrawal

If you do not want to withdraw to a bank account, there are several alternative options available:

• PayPal: Link your Coinbase account to PayPal and withdraw to your PayPal balance.
• Debit Card: Coinbase offers a Debit Card that allows you to spend your cryptocurrency directly.
• Crypto Exchanges: Transfer your cryptocurrency to a crypto exchange and sell it for cash or stablecoins.

Fees

Coinbase charges fees for each transaction, including selling cryptocurrency, withdrawing cash, and using the Debit Card. Be sure to check the Coinbase fee structure before initiating any transactions to avoid unexpected costs.