Are you looking to cash out some of your cryptocurrency investments from Coinbase and transfer the funds to your bank account?
With Coinbase, the process of withdrawing funds is straightforward, but it's important to note that it may take some time for the funds to become available for withdrawal due to the settlement process.
In this article, we will guide you through the steps on how to withdraw funds from Coinbase to your bank account.
New to the world of Crypto? Check out my full Coinbase tutorial below!
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You'll need a linked bank account in order to withdraw funds. Here's how to link a bank account.
Open your Coinbase app, and follow these steps:
After signing in with Plaid, your bank account will be linked and verified.
Start by logging into your Coinbase account using your username and password.
Once you are logged in, navigate to the "My Assets" section. You can typically find this option in the top menu or sidebar of your Coinbase dashboard.
In the "My Assets" section, you will see a list of your cryptocurrency holdings and their respective balances.
Locate your local currency balance, which is the currency you want to withdraw to your bank account (USD, EUR, GBP).
Click on your local currency balance to access more details. Here, you will find the "Cash out" option. Click on it to initiate the withdrawal process.
In the next screen, enter the amount of currency you wish to withdraw to your bank account. Make sure to double-check the amount to ensure accuracy.
You will be prompted to select a destination for your withdrawal.
Choose the bank account where you want to receive the funds. If you haven't added your bank account details to Coinbase, you will need to do so at this point.
Before finalizing the withdrawal, review all the details, including the withdrawal amount and destination bank account. Ensure that everything is correct to avoid any potential issues.
Once you have reviewed and confirmed all the details, click the "Withdraw cash" button to complete the transfer.
Coinbase will initiate the process of transferring your funds from your Coinbase account to your chosen bank account.
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