How to Transfer Money From Coinbase to a Bank Account?

If you are using Coinbase as your primary exchange to trade with different cryptocurrencies, then you might have funded your account with some cryptos or fiat currencies. However, at times, you might need that cryptos or fiat currencies out of your Coinbase account. So, in that case, what you can do is refer to the guidelines that we are about to mention in this post.

However, before you can make the withdrawal, you should know the correct procedure for withdrawal. Therefore, the article will explain to you all of that along with some other details that you must know about withdrawing from Coinbase.

To begin let us now learn how to withdraw money from Coinbase.

How to withdraw money from Coinbase app?

To withdraw money from your Coinbase app to your account, you need to follow these steps carefully. To begin the process, here is what you need to do:

1. To begin the process, open the Coinbase app
2. After this, you need to sign in to your account with the Coinbase login details
3. Followed by this, go to the “Assets” tab and go to the place where your balance is written
4. Now, click on the available balance and then it will open the withdrawal form on your screen
5. Then, fill up this form with the amount you wish to withdraw
6. Then, click on the “Cash Out” option to finally complete the process

How to withdraw Bitcoin to bank account?

To withdraw Bitcoin to bank account, you can follow a set of instructions that are given below:

1. At first, you need to go to the official portal of Coinbase
2. After this, you can sell off your Bitcoins in return for cash
3. Then you can withdraw this cash amount by tapping on the Cash Out option
4. This can be done by tapping on the available balance under the “Assets” section

This is how to convert Bitcoin to cash.

Why can’t I withdraw money from Coinbase?

If you are not able to make any withdrawals from your Coinbase account, then this might happen due to security reasons. If Coinbase suspects any kind of suspicious activity from your account, then you should not be allowed to make any kind of transactions. Similarly, if you are unable to withdraw money from your account, then you should contact Coinbase support to know the responsible factors. Once you know the responsible factors, you will be able to find out what should be done next.

After knowing how to withdraw money from Coinbase, let us now learn about the Coinbase cash-out fee.

Details on the Coinbase cash out fee

You will be charged up to 1.5% of any transaction if you undergo the instant Cash-out process on Coinbase. However, the minimum fee you will be charged is $0.55. Therefore, if you are making a withdrawal of less than $0.55, then you will not be allowed to complete that transaction.

Conclusion:

In this informative read, we have given the complete details on how to transfer money from Coinbase to bank. Along with that, we have also given some informative details on the topics that are related to it so that you can get a better understanding of the same. We hope that the furnished details have helped you withdraw money from Coinbase.

FAQ: 

How can I withdraw money from Coinbase?

To withdraw money from your Coinbase account, you first need to log into your account and then go to the “Assets” tab which is present under your Coinbase balance. After that, you need to select the available cash balance and then enter the amount for the withdrawal. Followed by this, enter the details of the destination address and then click on the “cash out” option.

Why can’t I withdraw my money from Coinbase?

If you are not able to make any kind of withdrawal from your Coinbase account in case you try to withdraw the amount that exceeds the available balance. Apart from this, you may not be able to make any kind of withdrawals in case you have recently added funds to it.

Is there a fee to transfer money from Coinbase to bank?

In case you use your Coinbase card to make any kind of withdrawals, then you will not be charged any amount for the same. However, if you make the withdrawals through any cryptocurrency, then you will be charged a 2.49% fee as the transactional fee.

Is it safe to link Coinbase to bank account?

Coinbase is a highly popular cryptocurrency exchange that makes sure that the information that you store over it is safe and secure from hackers. In case you are worried if you can safely link your bank account with it or not, then you should note that you definitely can since it is a highly safe exchange.