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how to withdraw money from coinbase wallet to paypal
To withdraw cryptocurrency funds from Coinbase to PayPal, users must link their PayPal account, select the desired cryptocurrency, input the withdrawal amount, and confirm the transaction.
Oct 30, 2024 at 09:38 pm
How to Withdraw Money from Coinbase Wallet to PayPal
Log in to Coinbase:
- Visit Coinbase.com and log into your account.
Verify your identity:
- If you haven't already, Coinbase will require you to verify your identity for security reasons. Follow the on-screen instructions to upload your government-issued ID.
Link your PayPal account:
- Go to your Coinbase account settings and select "Linked Accounts."
- Click "Add Linked Account" and choose "PayPal."
- Follow the instructions to authorize Coinbase to access your PayPal account.
Withdraw funds to PayPal:
- Go to your Coinbase wallet and select the cryptocurrency you want to withdraw.
- Click "Withdraw" and enter the amount you want to send to PayPal.
- Select "PayPal" as the withdrawal method.
Confirm the withdrawal:
- Review the withdrawal details, including the amount, fees, and estimated arrival time.
- Click "Withdraw Now" to initiate the transaction.
Receive the funds in PayPal:
- The withdrawal process may take several hours or up to a day, depending on the cryptocurrency you withdrew and the traffic on the blockchain network.
- Once the transaction is complete, you will receive the funds in your linked PayPal account.
Fees:
- Coinbase charges a flat withdrawal fee of $15 for withdrawals from a Coinbase account to a PayPal account.
- PayPal may also charge additional fees for accepting the funds, depending on your PayPal account type.
Tips:
- Make sure you have sufficient funds in your Coinbase wallet for the withdrawal, including any applicable fees.
- Verify that your PayPal account is in good standing and has passed all necessary verifications.
- If you experience any issues with the withdrawal process, contact Coinbase support for assistance.
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