How to Cash Out from Coinbase Wallet and Withdraw Money Successfully?

[sandeepkoli]

Coinbase is one of the most trusted cryptocurrency platforms in the world, allowing users to buy, sell, store, and withdraw their digital assets with ease. If you are looking to cash out your crypto from Coinbase or Coinbase Wallet, it’s essential to understand the exact steps, fees, and timeframes to ensure a smooth withdrawal process.
In this guide, we will walk you through how to cash out crypto on Coinbase, how to transfer funds from Coinbase Wallet to your bank, and how to withdraw money quickly and securely.
 
Difference between Coinbase and Coinbase Wallet
Before we start, it’s important to clarify that Coinbase Wallet and the main Coinbase exchange are two different products:

• Coinbase (Exchange): A centralized platform where you can buy, sell, and withdraw crypto directly to your bank account.
  
  
• Coinbase Wallet: A self-custody wallet where you control your own private keys. You cannot directly cash out from the wallet to your bank — instead; you must transfer your crypto to Coinbase Exchange first.
  

 
Step-by-Step Guide: How to Cash out on Coinbase
If your crypto is already on the Coinbase exchange, here’s how to withdraw on Coinbase:

1. Log in to Your Coinbase Account
   

Go to Coinbase.com or open the Coinbase mobile app and sign in securely. Use two-factor authentication (2FA) for maximum protection.

1. Navigate to the “Sell” Option
   

• On the dashboard, click “Buy/Sell”.
  
  
• Select “Sell” to convert your cryptocurrency into your preferred fiat currency (e.g., USD, EUR, and GBP).
  

1. Choose the Crypto You Want to Sell
   

Pick the cryptocurrency you wish to cash out, such as Bitcoin, Ethereum, or USDC.

1. Select Your Withdrawal Method
   

You can withdraw directly to:

• Bank Account (ACH in the US, SEPA in the EU, Faster Payments in the UK)
  
  
• PayPal (available in supported countries)
  

1. Confirm the Transaction
   

Enter the amount you want to cash out, review the withdrawal fees, and confirm.

1. Wait for the Funds to Arrive
   

• ACH Bank Transfer (US): 1–5 business days
  
  
• SEPA (EU): 1–3 business days
  
  
• Faster Payments (UK): Within hours
  
  
• PayPal: Usually instant
  

 
How to Cash Out from Coinbase Wallet?
Since Coinbase Wallet is a self-custody wallet, you cannot directly Cash Out from Coinbase Wallet to your bank. Here’s the process:

1. Open Coinbase Wallet App
   

Ensure you have your crypto in the Coinbase Wallet app and you are logged in.

1. Transfer Crypto to Coinbase Exchange
   

• Go to “Send” in Coinbase Wallet.
  
  
• Enter your Coinbase exchange deposit address for the cryptocurrency.
  
  
• Double-check the network (e.g., send Ethereum via the ERC-20 network).
  

1. Sell Your Crypto on Coinbase Exchange
   

Once the crypto arrives in your Coinbase account:

• Navigate to “Buy/Sell” → Sell your crypto into fiat currency.
  

1. Withdraw to Bank or PayPal
   

Select your withdrawal method and confirm.
 
How to Get Money Out of Coinbase Fast?
If you need instant access to funds, Coinbase offers:

• Instant Card Withdrawals (Visa/Mastercard) – Available in supported regions, usually processed within minutes.
  
  
• PayPal Withdrawals – Often instant depending on your PayPal account settings.
  

 
Withdrawal Fees on Coinbase
Understanding fees is crucial when cashing out:

• Crypto to Fiat Conversion Fee: Varies by region and payment method (typically 1–3%).
  
  
• Network Fees: For blockchain transactions when sending from Coinbase Wallet.
  
  
• Instant Withdrawal Fee: Around 1.5% for card withdrawals in some regions.
  

 
Security Tips When Withdrawing from Coinbase

• Always double-check wallet addresses before sending.
  
  
• Enable two-factor authentication (2FA).
  
  
• Avoid using public Wi-Fi when handling withdrawals.
  
  
• For large amounts, consider doing a small test withdrawal first.
  

 
Common Issues and Troubleshooting

1. Pending Withdrawals
   

o          Withdrawals may be delayed for security verification.
o          Check your email for verification requests from Coinbase.

1. Withdrawal Limits
   

o          New accounts may have daily or Coinbase weekly withdrawal limits.
o          Verify your identity to increase Coinbase your limits.

1. Incorrect Network Transfers
   

o          Sending crypto on the wrong network can result in loss of funds. Always verify the blockchain before sending.
 
Timeframes for Cashing Out from Coinbase Wallet

• Withdrawal Method Processing Time
  
  
• Bank Transfer (ACH) 1–5 business days
  
  
• SEPA Transfer 1–3 business days
  
  
• Faster Payments (UK) Within hours
  
  
• PayPal Instant or within 24 hours
  
  
• Card Withdrawal Instant in most cases
  

 
Final Thoughts
Withdrawing funds from Coinbase or cashing out from Coinbase Wallet is simple once you understand the process. The key knows the difference between Coinbase Wallet and the Coinbase exchange, transferring assets correctly, and selecting the fastest and cheapest withdrawal method for your needs.