Bellelida Posted 22 hours ago Share Posted 22 hours ago Transferring money from your Coinbase account to your bank is pretty easy. Whether you're taking out some profits from cryptocurrency or just need cash, Coinbase has several ways to withdraw, like bank transfers, PayPal, and debit cards. Here’s a simple guide to help you do it. ## Steps to Transfer Money from Coinbase to Your Bank Account ### 1. Link Your Bank Account Before you can withdraw, make sure your bank account is linked to Coinbase: - Go to Payment Methods in your Coinbase account. - Click Add a Payment Method and pick Bank Account. - Follow the steps to verify your account, either through Plaid or manual checks. ### 2. Sell Crypto (If Needed) If your funds are still in cryptocurrency (like Bitcoin or Ethereum), you’ll have to sell them for cash first: - Head over to Trade and select Sell. - Pick the crypto you want to convert and how much. - Confirm the sale. ### 3. Withdraw to Your Bank Account Once you have cash in your Coinbase balance: - Go to Portfolio and click on USD. - Hit Withdraw and choose your linked bank account. - Enter how much you want to take out and confirm. ### 4. Choose Your Withdrawal Method Coinbase offers a few different ways to withdraw: - **Bank Transfer (ACH):** Free and usually takes 1-3 business days. - **Wire Transfer:** Faster (same day or next day), but comes with a fee (around $10-$25). - **PayPal or Debit Card:** Instant transfers, but fees might apply. ## Important Considerations - **Fees:** ACH transfers are free, but wire transfers and PayPal may cost you. - **Limits:** The amount you can withdraw depends on how verified your account is. - **Processing Time:** Bank transfers can take 1-3 days, while PayPal is instant. ## Conclusion Getting money from Coinbase to your bank account is simple once your bank is linked. Just sell any crypto if necessary, pick your preferred withdrawal method, and wait for the cash to show up. If you want the funds quicker, consider using PayPal or wire transfers, but keep an eye on the fees. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.