how to withdraw from coinbase wallet to bank account

To withdraw funds from Coinbase Wallet to a bank account, verify your identity, select the withdrawal option, choose your bank account, enter the withdrawal amount, choose currency (if different from bank account currency), and complete the security verification process.

Nov 03, 2024 at 12:10 am

How to Withdraw Funds from Coinbase Wallet to Bank Account

1. Verify Your Identity:

   • Ensure your Coinbase account is fully verified with a photo ID and government-issued document.

2. Select the Withdrawal Option:

   • Log in to your Coinbase Wallet, click on "Sell," then "Withdraw" in the menu.

3. Choose Your Bank Account:

   • Select the bank account you wish to withdraw funds to from the linked accounts.

4. Enter Withdrawal Amount:

   • Specify the amount you wish to withdraw in USD or the cryptocurrency of your choice.

5. Choose Currency (Optional):

   • If your bank account is in a different currency from your cryptocurrency, select the appropriate currency conversion.

6. Preview and Confirm:

   • Double-check that all the details (amount, bank account, currency) are correct and click "Withdraw Preview."
   • Review the confirmation screen and click "Withdraw Now."

7. Security Verification:

   • You may be asked to provide additional security verification, such as a text message or email code.

8. Processing Time:

   • Withdrawals to bank accounts typically take 1-3 business days to process.

Additional Information:

• Coinbase charges a small fee for bank account withdrawals, which varies depending on the amount and currency.
• If your withdrawal exceeds your daily or monthly withdrawal limit, it may be subject to additional review.
• You can cancel a withdrawal request as long as the status is "Processing."
• Coinbase supports ACH (Automated Clearing House) transfers for withdrawals to U.S. bank accounts.